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J Arcadipane
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Comments by "J Arcadipane" (@jarcadipane2849) on "Russian Monetary Crisis - Fall of the Bank of Russia" video.
England, Japan, Italy, Greece and US have a TERRIBLE debt/GDP ratio... We have an ever increasing debt/GDP ratio. We are increasing debt by $1T every 100 days. This IS ONLY National debt. This doesn't include ALL the unfunded liabilities. You are acting wreck less and irresponsible by spouting propaganda not only promoting debt but terribly high debt... By the way, I have NEVER EVER seen an economist NEVER come with any charts or at least stipulate or quote facts with references... I think you are very emotional and seem to only spew irrational feelings based allegations..
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Oh and when your father had 20 percent Treasury bonds, we had double digit inflation and double digit unemployment , UNDER the Carter regime, in case you were interested....
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WHAT was the INTEREST rate in the US during the 70's when that peanut farmer became President of the US?? At least 16%, in the US !!!
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OUR INFLATION rate has NOT fallen since the beginning when YELLEN and POWELL had stated month over month our inflation was transitory. Our inflation rate has not stopped increasing month over month. What do you think OUR INFLATION rate is here in our Country. Meanwhile our interest rates, which you'll know are inverted ( 2yr/ 10yr ) .. Our Country is NOT as healthy as you make it seem...
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By the way,, if the Gov subsidizes either part of your loan by allowing you to write off, depreciate expenses or losses, the 16% gets cut down significantly ..
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"Inter temporarily" ? you sound like someone who needs to use big words to make people think you know more than you do...
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GOLD has and is MONEY for the past 5000 .. It is the ONLY true store of value...
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@EconLessons Humans will always be greedy ... Gold is not the answer to greed, right ? It is the answer to worthless currency. Where is all of the gold that the US is supposed to be holding and who accounts for it ?
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