Comments by "antonyjh1234" (@antonyjh1234) on "World Affairs In Context" channel.

I am younger and not much different but with probably bleaker prospects because I'll live longer considering what is coming. The issue is people don't understand taxes, they only make older debt go away. Current spending is done by choice of the govt and it must be taxed out of the system otherwise it builds up, it is not like something physical because it was printed out of thin air and works on a basis of negative zero. All this debt was printed over time and it literally is what we call money, all new debt is new money but the reason you pay taxes is because the debt must be brought back to zero. The reason we do things for govt debt and blow other people up, is because of maintaining the system. What we should look at is why is our energy directed the way it is all over money, instead of a better life, why not sustainable for future generations, why not public health care. This debt goes to the MIC now and as soon as it hits an account we call it money. spend it, do all that we do, but because it's always being put in, it must come out again, otherwise there is too much and runaway inflation and we will need wheelbarrows to buy bread. Money today is not like anything else ever before, all of it govt and bank debt costs about 4 cents per hundred dollars to create and we pay it back full value with our lives. Money today is just one side or the other of the ledger and somehow we thought it all worthwhile because we supposedly had freedom of choice.
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@joeschmoe21 " This approach keeps the value of the yuan low compared to other countries. The effect on trade is that Chinese exports are cheaper and, therefore, more attractive compared to those of other nations. By motivating the global marketplace to buy its goods, China ensures its economic prosperity." Could you explain how you think China is subsidising America and the Petro dollar is 10%, considering they print at such a low cost, losing even all this trade wouldn't hurt it much. Why do you think China is taking a loss when China prints at the same low cost, wouldn't lower exports counter the higher purchasing power? If China floats and is expected to lose 600 million people over the next 80 years who would think that means growth and would buy it?
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Interest is 2.45% of the total and all debt is money, who will or has refused money? The cycle going on now is no different in other countries but all debt is money, if people want less debt thenare they asking for less money in the system and if so then prepare for a property crash. 36 trillion is one side of the ledger, 36 trillion is what we call money, it's 51% of all currency in the world, remove the debt getting closer to zero and we have less money, the cycle going on in other countries is normal. Anybody can get burned holding debt and we hold it if we hold money and social security is new money into the system, if there is a recession or any recession has there been a decrease? If they want to put money into the system social security would increase.
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