Comments by "" (@jmitterii2) on "The Infographics Show" channel.

  1. It's oligarch propaganda... or trying to combat oligarch propaganda... Seriously, people I work with or family members who are left or right of politics in the US, nobody thinks Germany or France or Italy or any of those countries are corrupt inept in anyway... particularly those who travel there either due to military or just vacation like myself, and have ancestry there too. I found it funny... everyone knows German manufacturing tends to be of the highest quality, and they tend to honor the warranties very well... just about all the EU member nations. And the average shit head in the US knows we're fucked on our healthcare system, and trickle down economics is outright dangerous for our democracy and prosperity for everyone... we know Germany has better worker employer relations with co-determination policies of 1/3 to 1/2 board of directors being the wage workers and be elected by the union... that they have a quasi governmental union structure that sets trade wages, which is better than just a lousy minimum wage that never increases with inflation. And we lack a housing program that ensure homes and apartments are cheap... Austria is a good example in Vienna in their 60% live in public housing, large 1,000 sq feet apartments for 600 Euros a month... imagine being able to do that in NYC? Most Americans don't think of Germany of most of the EU nations in idiot terms like that... only super ignorant idiots, and of them they don't even know where it is, and if they did have such a specific thought about Germany, it was only because they heard it on some oligarch promoting political radio station.
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  8. If the US stop paying its Treasury bonds ( the debt), the same as if EU or Japan or other major countries suddenly quit paying their bonds. It would cause a cascading financial collapse around the world. Prices and interest rates on all goods and services would be thrown into chaos. Likely scenario is a massive inflationary very short term shooting interest rates up, followed by immediate price corrections and defaults, business going out due to over leverage and workers/consumers unable to pay their leverage loans forcing massive sell off of assets causing a deflationary spiral. Of course in between the hyper inflation to deflationary spiral depends what governments try to do. If they print money like there's no tomorrow, they extend the hyperinflation period until pricing can't be achieved with that particular currency at all... making the currency defunct like after WI the Deutch Mark or currently zimbabwe dollar and likely the eventual case for Venezuela. If they don't print money at all, or try to spend printed money on productive goods and services needed, you get a spike of hyperinflation at the beginning as interest rates skyrocket and nations try to sell their bonds on the open market, creating a glut of US dollars on the market so US dollar is weak and worth less... but the amount of actual money in circulation is very tiny compared to the amount of debts outstanding... businesses will see price rising too fast for inputs and take huge losses, if those businesses are already in debt which most are, they start to shrink their work force, employees are in debt, they file bankruptcy along with many businesses... they walk away from houses, factory plants, commercial real-estate, and other properties... tractors, conveyors, cars, trucks, boats, aircraft, etc. And the deflationary period sets in, nobody could pay their debts, everything is now up for sell. Both cause civil unrest as people would take to the streets. Money being worthless means soldiers are not being paid anything either so you could see internal military divisions separate in to civil war. Even civilians capturing military stockpiles inducing civil war... and given the divide and great distances it wouldn't be a coherent civil war with two factions, but many tiny ones springing up each with their own ideals of what should be done if they achieve victory in a region. Both would be a mess. Since all Reserve Banking Systems today are able to just print money, it would be rare for interest payments not to be met... only in dire circumstances such as having blockades and sanctions from many countries like Venezuela or Iran with small resources this can cause their currencies to fluctuate wildly and become unstable and completely fail. So if the US were to suddenly be sanctioned by many nations, particularly if current allies did so as well as other neutral or not so neutral nations, that would cause serious US dollar problems... but because US Dollar and bonds are held by so many nations, they would be kicking themselves in the balls too causing the worldwide financial bankruptcy. So that's unlikely.
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