Comments by "Grim Affiliations" (@grimaffiliations3671) on "Mark Moss" channel.

  1. deflation = depression. Try saving with no job
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  2. terrible idea
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  3. Isn't fdr the guy that made social security? Best prez ever
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  4.  @gerrystevens9041  considering how often depressions happened on the gold standard, that would be a much better ticket to starvation and slavery tan our current fiat system
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  5. 4:31 This is nonsense. The government gives things it hasn't taken all the time. That's what deficit spending is
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  6. because its not
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  7. We're not on gold anymore like we were in the 20's, so the government will bail the economy out long before we get a depression. Also a crash aint happening while the government is running such large deficits
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  8. imagine thinking an entity that creates its own money is broke 😅
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  9. no we're not
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  10.  @Kurt1969  because borrowing is optional, they could stop selling bonds at any time.
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  11. wage are a lot higher than they were back then
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  12. @@joancouncil6276 it bought down elder poverty and disabled poverty by massive amounts. It's great
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  13. of course she'd say that
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  14.  @impacteternity8182  No it's not. People aren't just going to send their dollars to the US willy nilly. If they want to send them back, they have to buy from the US. And that isn't a bad thing for the US
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  15. inflation would be lower today if he didn't hike rates at all
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  16. Gdp just got revised upwards, unemployment still near record lows. You should learn what words mean
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  17.  @osirces  Unemployment has always been about who is actively looking, that's why being near all time lows is very impressive. No they don't measure however it looks good, or we'd never see a bad quarter
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  18. hyperinflation?
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  19. it's not an illusion, but it can be conjured into existence
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  20. @@mikecollon100 You don't even need to be the reserve currency not to hyperinflate. Just look at Japan, they've got the largest debt to gdp ratio in the world and have been doing massive QE for years and their inflation never even got close to hyperinfation. The key is only taking up debt in your own currency. Countries only see hyperinflation when they owe in currencies they do not control
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  21. rates won't go higher, not with how low inflation has been over the past 6 months. And judging by the disinflation we're seeing in used cars and gas, we'll get another moneth of 0% cpi. Rates will probably go down by march
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  22. you bears never get tired of handing us your money do ya?
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  23. the ones getting recked are the perma bears
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  24. almost like they are coordinating their messaging
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  25. monetization of debt?
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  26. social unrest happens due to austerity, which is the opposite of printing
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  27. no, well known scmamer
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  28.  @stevebishop3796  This claim that the "next generation will foot the bill" is nonsense. It relies on the idea that taxes will have to go up in the future to pay for the national debt, but that's completely wrong for two main reasons. The first one being, the debt isn't paid for by taxes, it's paid for by simply rolling over any bonds that come due. The government rolled over 120 TRILLION dollars worth of bonds in 2021 alone. That's trillion with a T. The idea that taxes could ever cover that amount in silly. They can do this forever because they control the currency our debt is denominated in. The other reason it's nonsense is an even bigger reason reason, and it's because taxes don't pay for anything the federal government does. They're debited out of existence at the IRS. The money we're using to pay taxes comes from the government in the first place, so our taxes don't give them new money, they just cancel out what they've already spent. You can test this out yourself, the next time you pay federal taxes, do it in cash at a physical IRS location. They'll literally put your tax money in a shredder. Dollars and bonds are two sides of the same coin and both come from the same printer. So if you're not worried your grandkids will inherit dollars you shouldn't be worried they'll inherit bonds (government debt)
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  29.  @humanyoda  both countries you mentioned were forced to take up debt in forign currencies, The US borrows in its own currency
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  30. the government needs to spend more than it taxes, or the private sector will get squeezed until it collapses. Luckily we don't have to stop spending to stop adding to the national debt, we could just stop selling bonds.
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  31. aint happening any time soon
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  32.  @DetVen  Time has not done that. Time has shown how much the elder poverty rate has fallen since it was introduced
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  33. Nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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  34. not how it works
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  35.  @DeusExMachina50  not really
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  36. what good is lower prices if you dont have a job?
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  37.  @pains1956  so he's moving his country onto the dollar?
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  38. everything wont crash as long as the government runs deficits. Its when they try to "balance the budget" that you should be worried
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  39. A balanced budget would be a bad ting. That means they'd be taxing away everything they spend, which means you're asking to government to take money out of your pocket. Deficits are healthy because they support private sector balance sheets. Every time we've ever had a recession or depression its been because we tried to "balance the budget" (except covid)
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  40.  @bestprice1776  Why do we need to balance the budget when we can just stop selling bonds and adding to the debt? There's no rule that says we need to sell bonds or "borrow" when we run a deficit
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  41.  @bunsguns8222  of course they are, we've been running them almost constantly since the country's founding. In fact most times things went south have been the times we tried to stop running deficits and "balance the budget"
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  42. it also created ridiculous amounts of inequality which was one of the causes of the great depression. The other main one was the gol standard
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  43. judging by how much gas and used cars are going down, we'll probably get another month of 0% cpi
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  44.  @safeandeffectivelol  No, lowering rates would not trigger inflation. All the remaining excess inflation is in rent, and lower rates actually lowers housing inflation
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  45. People don't seem to realize than the fed rolled over 120 trillion dollars worth of bonds in 2021 alone. Surviving the debt is never a problem when the debt is in your own currency
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  46.  @carlbarrows2487  not true
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  47.  @carlbarrows2487  no it doesn't, in fact deficit spending is actually negatively correlated with inflation
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  48.  @carlbarrows2487  how?
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  49. by typing a few numbers onto a keyboard. The "national debt" could just as easily be called the "national savings account"
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  50. never
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  51. crashes only happen when they try to cut deficits that aint happening
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  52. yup
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  53. depressions cant happen with a fiat system
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  54. they just revised gdp higher, unemployment still near record lows, learn what recession means
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  55. nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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  56. the fed is causing inflation with their high rates
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  57. Powell's mistake raising rates at all. This inflation was clearly driven by supply bottlenecks that were always going to unwind on their own. It failed at reducing demand but inflation still plummetted. Should've grown a spine like the Japanese central bank
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  58. it could be junk and it wouldn't mean anything. ratings for monetarily sovereign nations like the US and Japan are meaningless
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  59.  @TheGladiator189 they can block your account or freeze your assets now, no real difference
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  60.  @Kurt1969  nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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  61. nope
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  62.  @ZeroHero-33  i get that reading isn't your thing but maybe read my other comment?
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  63.  @jamesagoins  doesnt matter if homeowners hold the line when the government is running deficits
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  64.  @BTCforce  owning bitcoin isnt much different to owning any other asset class
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  65.  @brendangolledge8312 Clearly not, since we've been running massive deficits since 2022 and yet inflation has only come down. And the government doesn't take out loans, selling bonds isn't the same as borrowing
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  66. The IMF are idiots, china and the us are fine because they have their debts in their own currencies
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  67.  @janetjacks3406  Which is why the UK was dumb to leave the eurozone. They had all the benefits of trade and their own sovereign currency
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  68.  @anthonydowney6069  in what way
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  69.  @anthonydowney6069  since they left the eu?
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  70. no we're not. Read the Deficit Myth by stephanie kelton
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  71.  @ericmorrison8772  nonsense
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  72. we aint gonna see much deflation at all
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  73. You don't have to be the reserve currency to roll over debt forever. The Japanese are doing the same. They also bought out half of their debt in 1 go lol
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  74. gold was only used in history because paper hadn't been invented yet
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  75. and the funny part is cpi will probably grow by 0% this month
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  76.  @ma2i485  wrong
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  77. the national debt is just a glorified savings account
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  78. wages have kept up with inflation tho
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  79. wrong
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  80. georige gammon 🤣
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  81. not necesarilly
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  82. we should use helicpoter money to finance deficits instead of bond sales. No more national debt
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  83. yup, and they've never defined it by 2 quarters of negative gdp
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  84.  @MrDucksBill  when are you talking?
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  85. currently growing at twice the rate of the next strongest g7 nation
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  86. bond vigilantes have no power against a government that has all of it's debt in it's own currency.
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  87. nah, oveall environment is bullish because the government will be spending more into the economy than it takes away in taxes
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  88. that money wont come rushing back just because people no longer use it to buy oil
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  89. they'll cash in their fortunes by then
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  90.  @dabomboo7o  The Hikes have already been absorbed by the eocnomy, they usually only take 2 quarters to show up
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  91.  @dpirkl4560  what inflationary crash? core PCE inflation over the past 6 months is just 2.5% and judging by how much gas and used cars are dropping, we'll probably see another month of 0% CPI
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  92.  @stevebishop3796  This claim that the "next generation will foot the bill" is nonsense. It relies on the idea that taxes will have to go up in the future to pay for the national debt, but that's completely wrong for two main reasons. The first one being, the debt isn't paid for by taxes, it's paid for by simply rolling over any bonds that come due. The government rolled over 120 TRILLION dollars worth of bonds in 2021 alone. That's trillion with a T. The idea that taxes could ever cover that amount in silly. They can do this forever because they control the currency our debt is denominated in. The other reason it's nonsense is an even bigger reason, and it's because taxes don't pay for anything the federal government does. They're debited out of existence at the IRS. The money we're using to pay taxes comes from the government in the first place, so our taxes don't give them new money, they just cancel out some of what they've already spent. You can test this out yourself, the next time you pay federal taxes, do it in cash at a physical IRS location. They'll literally put your tax money in a shredder. Dollars and bonds are two sides of the same coin. They're both government instruments and they come from the same printer. If you're not worried your grandkids will inherit dollars, you shouldn't be worried they'll inherit bonds (government debt)
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  93.  @JB-ej8zy  As long as you keep the spending within the capacity limits of your economy, sure
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  94.  @humanyoda  wrong, we had 4 recession every decade
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  95.  @stevebishop3796  lol people have been predicting that for over 100 years. Cant fail an auction when you can by from yourself or simply stop selling bonds at any time. Good luck though
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  96. I suppose that could work on a local level
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  97.  @stevebishop3796  dont know how you can say that after all the qe done in the 2010's in the US. Japan engaged in unheard of levels of QE and has been suffering from deflation, which is quite literally the opposite of hyperinflation. The beauty of borrowing in your own currency is that it doesnt matter where the investors run
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  98. it's fine to be contrarian about a narrative that has been wrong for years. The bears have lost fortunes listening to youtube doomers
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  99. they do
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  100.  @VishnuKalli  reserves are the currency yes. If you think its worthless feel free to send it my way
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  101. the deficit myth
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  102. inflation is too low not to cut
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  103. the system aint a problem
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  104. they just revised gdp higher, unemployment still near record lows, learn what recession means
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  105. @@joancouncil6276 it only ends if congress decides to end it. This idea that it is insolvent is propoganda
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  106.  @amcone8268  ?
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  107. join a union
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  108.  @xrpeacemaker6437  if we had child tax credits back and got universal healthcare and a federal jobs guarantee we'd put those deficits to good use. But republicans would never allow that
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  109.  @xrpeacemaker6437  No it isn't, the federal jobs guarantee actually anchors prices, it's the opposite of inflationary. A single payer healthcare system wouldn't cause inflation either as it would save the government a lot of money, just like it did everywhere else it has been tried. if anything it would be somewhat deflationary as all of those health insurance parasites would be out of a job. The child benefit wouldn't be inflationary either since the money would just offset the higher costs of starting a family
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  110. This claim that the "next generation will foot the bill" is nonsense. It relies on the idea that taxes will have to go up in the future to pay for the national debt, but that's completely wrong for two main reasons. The first one being, the debt isn't paid for by taxes, it's paid for by simply rolling over any bonds that come due. The government rolled over 120 TRILLION dollars worth of bonds in 2021 alone. That's trillion with a T. The idea that taxes could ever cover that amount in silly. They can do this forever because they control the currency our debt is denominated in. The other reason it's nonsense is the main reason, and it's because taxes don't pay for anything the federal government does. They're debited out of existence at the IRS. The money we're using to pay taxes comes from the government in the first place, so our taxes don't give them new money, they just cancel out what they've already spent. You can test this out yourself, the next time you pay federal taxes, do it in cash at a physical IRS location. They'll literally put your tax money in a shredder.
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  111. fed is part of the government
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  112. nothing is unfunded, and they pay the interest by rolling over
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  113. He can only affect govenrment loans
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  114. 34 trillion is the money supply
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  115.  @bgg-jp5ei  and debt is the money circulating in the form of us treasuries
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  116. wrong
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  117. 2 quarters of negative gdp has never been the US definition,
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  118. the central bank prints what the government tells them to. They have no choice. And they're not lending money, they're selling bonds
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  119. Obviously we'd be in a recession if the government ran a surplus, that's basic math. But it isn't, so we're not
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  120. that's a good thing. we'd have depressions every year like we did back on the gold standard
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  121. repaying is unnecessary
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  122. it already pays back its debt. Pay back and pay off aren't the same thing. Paying it off isn't necessary
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  123.  @LyricsQuest  can't lose the ability to borrow when you don't borrow in the first place. Selling bonds is not the same as borrowing
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  124. mark needs to talk with everyone who makes a living fear mongering on youtube, the've all been wrong and cost their viewers fortunes
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  125.  @jeffmason2691  hush now, the adults are talking
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  126.  @kylenorris7537  people sill just start sending their money here for nothing in return then will they? Genius
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  127.  @DonnyThaDealer  for them to swap, someone has to be buying
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  128.  @netyimeni169  No one needs to buy their debt, they could stop selling bonds tomorrow and be totally fine
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  129.  @netyimeni169  no they dont. They could stop selling bonds at any time
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  130.  @kylenorris7537  Ah yes, people just send their dollars back for nothing. Genius
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  131.  @Main1Event  not how it works. You dont "export inflation" because you over spend, other countries import inflation when their currency falls in comparison to the dollar. That mainly happens because the importing nation has mismanaged their currency or current account balance. Its not like spending in the US magically gets teleported to other countries
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  132.  @Khadija39952  If they're buying other currencies, then that means other nations are buying the dollars, so the world still maintains the same level of dollars reserves. If they buy back their own currency to support their exchange rates, that means other nations still want their dollars. The only way to replace the dollar is for the rest of the world to start running trade deficit with america, and i dont see that happening any time soon. As long as they sell the americans more stuff than they buy, they will have a surplus of dollars. And the interest rate is set by the fed, not demand
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  133.  @Khadija39952  but why wouldn't they trade in it if they have a bunch of it lying around from their large trade surpluses?
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  134.  @Khadija39952  It is indeed set by the feds. They can always use QE to keep their rates wherever they want them. This is how Japan has been able to keep their rates near 0 despite a debt to gdp ratio over 250%
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  135. this has no affect
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  136. at least he's admitting he was wrong about impending collapse, other channels don't have that decency
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  137.  @kcperception3895  the doom mongering focuses on emotions
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  138.  @kcperception3895  yup, doom views have been nothing but wrong over the past few years, good on him for learning his lesson instead of pushing the same grift
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  139. black friday wasn't flat, the walmart thing was last year, you don't know what college grads are being offered, millennials living with their parents isn't new, our housing shortage has been causing that for the last decade, in fact a bunch of your points are directly related to the housing shortage. there haven't been any major lay offs, elon musk firing people because he overpaid for twitter isn't a sign the economy is doing badly, commercial real estate is struggling because people are working from home, debt burdens are at historic lows
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  140. nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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  141. money isn't a store of value, it's a provisioning system for the government
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  142. the government doesn't "borrow" it prints
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  143. with inflation at 3%?
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  144. keep handing us your money betting on a crash
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  145.  @DeusExMachina50  Nothing, the US doesn't need foreign countries to buy its bonds. They could stop selling treasuries altogether if they wanted to. And the trillion every 3 months doesn't matter either, if people want to save in US bonds, why should the government stop them? It's mainly US investors and pension funds that benefit
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  146.  @DeusExMachina50  This won't make the US lose its reserve status, for that to happen, the rest of the world would need to start running trade deficits against the US. That won't happen any time soon. But when it does eventually happen, yes, it won't affect the US in any drastic way because they will come out of it with a large trade surplus
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  147.  @dadthemanthemyththelegend3348  wrong
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  148.  @truxton1000  the us has its debt in its own currency, so it will always be fine
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  149.  @truxton1000  when you have your debt in your own currency, you have full control of your interest rate. It will be wherever the fed wants it to be
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  150. its called fly over country because there's little demand to live there or work there, of course things are going to be cheaper. Local economies are booming in blue areas for that same reason
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  151. the government has to run a deficit or the private sector will fall into recession. They can't both be in surplus
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  152. 2 quarters of negative growth are not how we define recession in the US. The NBER looks at both depth and diffusion, the downturn was not deep and it was not widespread, the unemployment rate was near all time lows. The NBER does make a call after the fact, but the best real time recession indicator we have is the Sahm rule, and that was not triggered at any point in 2022. But even if it were a recession back then, which it wasn't, that would still mean it was incredibly brief, because that year finished with over 2% growth, and we've been growing ever since.
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  153. yeah he was wrong about the crash, at least he's admitted it unlike the people still peddling the doom narrative
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  154. We'd see from the numbers if illegals were voting.
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  155.  @catseng3949  dictatorships don't need to lie their way into office, they just move in
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  156. only the economically illiterate think that
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  157. all inferior to fiat
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  158.  @cameronpresley5771  Gold isn't around anymore as a monetary system, it's gone extinct. Outlived by fiat.
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  159.  @Fhehegwgeh  last i checked the majority of the world still uses fiat, so it's very much alive. How many gold based monetary systems are there? a big fat 0. Gold is a primitive monetary system the world has moved on from
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  160. you can only fear monger about a looming crash for so long before you lose all credibility, then again guys like schiff still have an army of bleating followers so maybe not
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  161. the market has already absorobed the rate hikes, they usually only take 2 quarters
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  162.  @georgedonner2115  as long as it doesn't create more money than its economy can produce, it can create wealth. If the government can me a billion dollars, i would certainly be wealthy
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  163.  @divinasi0n  Hyperinflation? The US is at no risk of such a thing because it has full control of it's interest rates
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  164. taxes don't pay for anything the government does. When you pay tax, you're returning money the government already spent into the economy, you're not giving them new money. And even if taxes could pay for things, it wouldn't come close to covering the governments expenses. They rolled over 120 trillion dollars worth of debt in 2021 alone
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  165. dont need growth, they can jsut selling bonds
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  166. nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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  167. the reverse repo facility is just a reserve draining operation
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  168.  @bestprice1776  even leggo bricks outperform gold
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  169.  @organichuman  thats the uk
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