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lee boss
The Infographics Show
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Comments by "lee boss" (@leeboss373) on "The Infographics Show" channel.
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It's not how it works as 2 other people have mentioned. The fed prints (as in creates on a computer) the $21 trillion. the US issues more debt bonds for that money meaning the US will then owe $42 trillion. The US will never pay this back as all the money in circulation is owed to the fed. The idea is that it wouldn't matter because inflation would decrease the debt in real terms i.e. The $350 billion owed in 1950's would of seemed a lot of money then but doesn't seem so much now. (Kicking the can down the road) The $ will depreciate causing inflation. So a car worth $30,000 is now worth $60,000. Wages will also rise so it wouldn't make that much difference but savings will stay the same. So essentially savers will pay for the debt. The value of gold will stay the same but the price of gold in $ will double as gold/silver etc is finite. Countries have being diluting their currencies for years. That's why gold appears to of risen but in reality the value of your money is worth less. I believe China is stopping buying US bonds because of the US printing money. Making their bonds worthless. So whichever way you look at it the shit will hit the fan. The only real solution to this is to kick the fed Rothschild and Rockefeller out of the country and the US start printing its own money.
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Psycho. My mate said to take a test🤔 lol. It explained a few things and yes I have my own business and trade the stock market. And dark thoughts😆. Now I'm aware of my gift I'm looking to strengthen my qualities.
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