Comments by "antonyjh1234" (@antonyjh1234) on "Why Global Markets Are Falling" video.

  1. I didn't like the rules for why one country succeeds and another fails as it's just that all money is debt, these people aren't able to get into debt because that debt must be paid back and the risk is always too high for subsistence farmers.
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  2. You can't be in debt, if you issued the dollars. We live in a debt based society, that is literally how money exists and is created. You are also saying USA has created the most money. Taxes lower this amount and pay for zero current government spending, this 1.12 Trillion is lowering the money supply, if all debt was paid back there would be zero money in the system, as long as you understand what " lowering the debt means"? It means lowering the amount of money in society as every single dollar has a corresponding amount of debt somewhere. Will this bring prices down? For sure. Because if he lowers the debt then the money has to come from where it lies, in peoples accounts. Debt is money, but debt for us is different debt than debt for them, they always have to be the negative side of zero, we are always trying to stay, forced to stay above it, but all debt must return to zero to be paid off. The concern is that too much money is being inputted from all avenues as it is all debt and we aren't getting the proceeds and there is zero control, efficiency is not the definition of a free market in Elon's mind I would say.
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  3. Couple of things, the US is 4% of the world and has issued 51% of the currency of the world, mainly through the military, even if over priced, it still is how they get that money into society and as a reserve currency, that every other one is pegged to, when you understand all money is debt, then trillions in debt means they have issued trillions of dollars, China has a trade surplus because of these dollars and does not exist in a vacuum. Next, without the US spending trillions as you say, the 6 million or the model would not have been able to exist, show humility used to be an Asian thing but lately all I see is Chines Hype, whether you get a benefit like google hype I do not know but party talk like this is recognised. I understand you might have bias, at least you have ignorance of what trillions are spent and where or why.
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