Comments by "Mark Welch" (@markwelch3564) on "The US national debt is going to skyrocket upwards under Trump" video.

The geopolitics is very different now. In the past, America pushed their luck a little with their allies, and those allies weren't entirely happy, but it wasn't worth making a fuss Trump is going way beyond that line, and the reaction is not going to be so tolerant any more!
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Inflation is exactly the key here - if Trump does what he's talking about, inflation in the USA is going to rocket, especially if BRICS decide it is time to try and dislodge the Dollar as the prime international reserve currency
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Only when they are in opposition 🤔
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If you or me were to take a loan to buy a car to get to work, that's very different to taking a loan for a fancy holiday, even if the holiday costs less than the car - the car keeps money coming in, the holiday money is just gone Biden bought a car and went to work. Trump just wants a fancy holiday
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He's going to be king of the ruins. Guess his place in history is guaranteed, at least...
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@william_marshal only if you borrow, rather than issue new currency. This is why rich people hate deficit spending - ot reduces their chances to loan money and collect interest Obviously, they have a different view on running a deficit to enable tax cuts for the 1%...
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@James-m8x3b if you're the Fed, you just put the money on the official ledger, and it exists Sounds crazy, but that's all there is to it. The consequences can be complex, but the process is trivial
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@James-m8x3b best way to make it make sense is to go back to the very first fiat dollar ever created - where did it come from? Literally nowhere. It was created when the Central Bank declared that those dollars exist, where previously there was nothing. This is all any fiat currency is - a token recognised by the state and central bank, that you can use to be paid, and to pay taxes So they can still do the same now - if they decide more Dollars need to exist, then they will be created. Create a lot in a short period and the value will definitely be affected, but there's some flexibility - if the markets think the new money is being used wisely, the impact on the value will be much smaller than a Liz Truss Financial Event
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