Comments by "Dan A" (@DanA-nl5uo) on "🔴 $35 TRILLION DEBT WALL: Historic National Debt Surges, US Pays $2.4 Billion in Interest Daily" video.

  1. The only problem with Medicare is the payment cap limiting how much the wealthy pay to support society. If we lift the cap and make the wealthy pay the same percentage as the working class Medicare taxes on the working class would decline to almost nothing.
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  2. The Triffin dilemma shows why the country that holds the currency of international trade must be debt based in a global economy
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  3. austerity politics always fails and results in harm to the working class.
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  4. Sure you are not in control of the currently the debt is held in.
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  5. ​ @taniadavenport2939 individuals don't control the monetary supply. So long as you control the value of the currency the debt is held in you control the value of the debt. It is impossible for the government that has debt in their own currency to lack currency to pay it. They literally control how much currency there is of that type
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  6. Wow you are full blown authoritarian
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  7. So you are going to take a mortgage for your household share and pay the treasury?
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  8. Fiat currency is the main reason thank Bertionwoods for fiat currency and Nixon for leaving the gold standard
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  9. Ironically the national debt and the defense budget match almost dollar to dollar when charted post WWII.
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  10. The debt wull never be paid. As BRICS moves away from the dollar the debt will enter default. It will be ugly for Americans same as it was for Greece or the 3rd world debt crisis countries.
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  11. Hyperinflation see Weimar Republic
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  12. The debt is the past military budget. Graph the post WWII budget and debt you will see the same lines on the graph
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  13. ​ @piotrc7003 so your argument is we need to take debt to give you money so you can buy bonds we pay intrest on? That sounds like heads you win tails we loose.
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  14. Quote from your grandparents
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  15. The Triffin dilemma demands that the country which holds the global exchange currency be in debt. The global economy literally couldn't have had the post WWII growth without this level of debt on the part of the dollar.
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  16. ​ @samuraitadpole5459 when we left the gold standard and went to fiat currency we where bound to end up here. It was what allowed the American Empire to import goods cheap from the rest of the world we traded their real goods for our paper with green ink added.
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  17. Biden called that an American jobs program. But we give more to Israel
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  18. Someone didn't study the Weimar Republic. History shows why this doesn't work.
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