Comments by "Roger Dodger" (@rogerdodger8415) on "How the rich get richer - Money in the world economy | DW Documentary" video.

They're too busy teaching our children Socialism.
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@duggydugg3937 Without the fed, you're in a soup line. The only people that hate the fed are ignorant fools that don't know squat about economics, banking, or Capitalism. Just someone to blame for their $8 an hour job.
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@duggydugg3937 Duh...the national debt...uhhh let me guess...uhhh $12.50??? Like I said, only people that don't know ANYTHING about economics. Now, let me educate you.. If you bought a house and owed 50,000 on that house, and you made 50,000 EVERY YEAR, would you call that a crisis? Would you demand that the bank that loaned you the money be abolished? When you're done thinking about that, let me know, and we'll move to second grade.
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@duggydugg3937 Oops!!!! I forgot! Those same people don't do analogies!! What a waste of good electrons even trying to explain anything to you!! ( Whaaat? what does banking have to do with electrons?) So why CANT they loan out ten percent?? If EVERY ONE of it's depositors doesn't need EVERY last dollar that they've deposited, all at the EXACT same time, then why not? This ensures that there will ALWAYS be more LENDING than SAVING. But..but...the small minds say, isn't that just manufacturing cash out of thin air? No, because (drum roll please) the FEDERAL RESERVE is there to back those deposits through the FDIC. The bank simply has no need to hold vast amounts of cash in it's vault doing NOTHING while it can be out there (along with the other 90%) helping to (pay attention now) grow the economy through lower interest rates. WHY lower interest rates? Because the more the cash in circulation , the lower the charge is interest, for it. HOWEVER. And it's a BIG HOWEVER, when that amount of cash exceeds the growth of the economy , then you have inflation. That's NOT the feds fault. It's government SPENDING too much. THATS what leads to inflation. It's THOSE DOLLARS that are manufactured out of thin air that flood the economy, that cause inflation. Which is a TAX on the poor that allows the government to BLAME the Federal reserve, absolving themselves of all blame. Now go slow.. re-read all that before you say more stupid statements. Without your ten to one loan ratio, people would go to the bank for a loan, and they'd say "sorry! we don't have enough cash on hand to loan to you. Not enough savings". Forget about that car, college, hospital bill for grandma, or new business that you need money for. WHY not enough savings though? Because people CAN choose to invest in stocks or bonds instead. What I've told you has made the USA the biggest economy, the strongest economy, and one of the highest performing economies in the world. That's why people are flooding across OUR borders to get in, while others are trying to get OUT of their socialist countries. You know, the ones with free healthcare for all!!
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@duggydugg3937 Yes, the government. So what? They do so in the form of interest payments to old people that rely on them for living expenses. They are the bond and certificate holders that have "loaned" their money to the government in order to receive those payments. THEY and not the Federal reserve and NOT the taxpayer owes the money. How can I say that? Because no one EVER knocks on your door requesting your share of the current account deficit do they?? No one keeps YOU from leaving the country in order to AVOID payment on YOUR share of the debt!! So, it's the GOVERNMENTS debt, and THEIR responsibility to pay , and not the people. They can do that with taxes (people will vote them out), import duties, excise taxes (other countries will retaliate) or through fees on commercial activities. Ok that's enough schtoopid questions, let's have some difficult ones. Like this one... What percent of all money collected in the form of income tax comes from the "one percent"? How much from the top TEN percent. Let's get to the facts.
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@duggydugg3937 Pass through agency?? Hahahaha. Look stop fooling yourself. You don't know what you're talking about, and you're not alone. Millions of people are so poorly educated, they are price candidates for socialist disinformation campaigns. Your GOVERNMENT wants to put the blame on ANYONE but themselves for their reckless spending. Democrats being the BIGGEST problem of them all. You know in Communist countries, they teach all the kiddies how to be good little communists. However, in American schools they teach THEIR children how to be.....good little communists. Our national debt is a problem. But NOT a big problem, and certainly not the most URGENT problem. Government is our problem, and the solution lies with voting Democrats OUT of office, and repairing the damage they've done since Trump was cheated out of reelection. followed by a thoughtful and MEASURED movement towards energy independence ALONG WITH renewables. As long as they have voters convinced it's big business (apple, McDonald's, etc???) or the Federal reserve (the people that THEY installed) that are the ones responsible for societies ills, then we'll never see conditions improve, only continued growth of THEIR POWER. Follow each problem BACK to hold those responsible for creating it, and mae sure they are REMOVED from office at the next election. In short...vote Democrats OUT. Period.
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@duggydugg3937 And for a good reason. Just as Federal Express doesn't exist, the Federal reserve is NOT a part of the Federal government.
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@toddinthemiddle Yes, invest in yourself. Education and skills. The investment that pays the BEST dividend and provides the BEST returns.
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@sternamc919sterna3 How do you figure that a dictatorship was Capitalism?? Capitalism without DEMOCRACY is doomed to failure, as the Chinese are finding out!
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@duggydugg3937 See..now pay close attention..THIS IS WHY I SAY THAT YOU DONT KNOW WHAT YOU ARE TALKING ABOUT.. That's right "Federal Express" does NOT exist. You are confused with FEDEX. Don't believe it? Try a wiki on Federal Express. See what you get. FEDEX is real. Federal Express is not.
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@duggydugg3937 Yes it's close to one year if our GDP. In other words nothing to worry about. Buy a house for 60. You make 60 a year. No problem there ..no problem with the national debt either.
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@duggydugg3937 Yes. As with a low IQ, as well.
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@duggydugg3937 No, because the leftists have taken over our education system. Didn't the teachers union invest heavily in Communist China, and endorse Biden??
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@mlungisiluthuli8322 No, the elite want nothing more than to be free of the untalented, unskilled, and poorly educated masses that can't tie their own shoes without help. They are taxed too much while watching the poor drain the system of resources while living of the fat of someone else's hand.
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@MsFallenPrime Yes, common cents.
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There were poor people in the time of Pharaoh. There will always be the poor. My concern as an American does not lie with Africa. Money is a commodity much like corn or peas. When it goes on sale, you stock up, (borrow) when it's high (interest rates) you save. No amount of wealth distribution in the way of taxes will account for stupid people. Money always flows to where it's treated the best. When it's taxed highly...it leaves. Why base currency on Gold when Russia holds the most gold in the world? Should we allow them to judge the value of our currency? All the talk of big money being made, but who talks about the investors that lose money. Those that borrow accept the risk, they deserve the reward. ANYTHING that the government gets involved in, inevitably leads to a disaster. From public housing to public schools, it's all been a failure.
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