Comments by "antonyjh1234" (@antonyjh1234) on "The Truth About the US Economy!" video.

Because fundamentally people don't understand money and that every single dollar that you have has to have a corresponding amount of debt. You getting more money, as money is debt and when loans are paid back that money doesn't exist anymore, must mean more debt has been entered into. For minimum wage to increase, so does the amount of debt, whether government or private debt must increase if your minimum wage does, if people are getting into debt for houses, more money in the system shouldn't make them cheaper.
6
@PerfectTangent but you understand inflation is just an increased money supply for the same things right? I'm not the other guy so don't need the insults
3
@obsidianjane4413 Are you trying to make a point or educate? If so what is it?
2
There is no economic growth without the corresponding amount of debt being entered into. Money does not build up because all money is bank debt and paying loans back makes money disappear, I can't understand how your comment applies regarding frothy when all debt is money and USA is spending almost the same per year in military spending as the height of ww2. All money is debt, either govt or private, govt spending was 80% of all jobs a couple of months ago, if new debt is being entered into and it is, that is defined as growth, even if it is for war and millions dead.
2
@obsidianjane4413 Just waiting on that answer if you realise all money is created from debt, that if you want higher wages then there must be higher amounts of debt in the system and that carrying on a debt based system is why houses, a debt hole, means why property is so expensive? All money is bank debt, we aren't rich for holding it or wanting more imo.
1
@Qwairy Nothing of what you have written is helpful to explaining where someone went wrong, you are just sharing your feelings if you can't give any facts.
1