Comments by "Grim Affiliations" (@grimaffiliations3671) on "Yahoo Finance" channel.

  1. only counted once no matter how many jobs you have you dingus
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  2. Biden Boom Baby
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  3. The Biden Boom continues
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  4. all the hobs lost during the pandemic came back over a year ago. We've created millions of jobs since
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  5.  @TheLoonyAtom  You're counted once in the unemployment numbers no matter how many jobs you have
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  6.  @jmswillow5969  The source is their emotions. They don't even realize that you only get counted once the the jobs numbers no matter how many jobs you have
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  7. Last 2 months were revised upwards by an additional 119k jobs lol
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  8. wages have outstripped inflation
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  9. you high? it's stronger than it's been in years
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  10.  @hm3drake35  unemployment didn't go up, it stayed at 3.8%
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  11. You're only counted once no matter how many jobs you have, you'd have to be pretty economically illiterate not to know this
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  12.  @johnelkins4250  they only want to raise taxes on the wealthy. Which is a very popular thing. They haven’t lost any jobs raising the minimum wage because the min wage hasn’t been risen. And the jobs lost on the pipeline were temporary jobs, no permanent jobs were lost on that project.
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  13.  @johnelkins4250  thought you’d have nothing to say 👌
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  14. yes, we've been back to pre covid levels for over a year
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  15. The last 2 months were just revised upwards by an additional 119k jobs lol
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  16. to create demand for the US dollar. Taxes turn litter into currency
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  17. it has no point
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  18. you only get counted once no matter how many jobs you have
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  19. dollar is very real
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  20. no, taxpayer money doesn't pay for anything the government does
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  21. He said it was free at the point of service, not that the government wouldn't be paying for it. And he's right, the government should pay for its citizens to have a good quality of life
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  22.  @somedude2433  that's not true at all. The government ha a monopoly on the US dollar. It can use those dollars to pay for anything it wants. In fact, it doesn't even use our taxes to pay for anything it does. It just conjures the money up out of thin air
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  23. ​ @somedude2433  Lol, where did you learn that nonsense? As the country's central bank, the federal reserve is the fiscal agent of the government. It gets it's authority from and answers to the government and it is legally obligated to make any payments appropriated by congress. The entity within the federal reserve that conducts monetary and fiscal policy is the Federal Open Market Committee (FOMC) This committee is made up of the board of governors (who are appointed by the president and confirmed by congress) and the presidents of the individual reserve banks (who are picked by the board of governors) The fed was created by congress in order to achieve two things, full employment and price stability. That is their sole reason for existing. It is an arm of the government, so it is the government making the money. How foolish do you have to be to think private investors are capable of funding the massive operations of the federal government
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  24.  @somedude2433  "initial bankruptcy" the hell are you talking about? You're just making stuff up as you go along. It absolutely is money, and this thing you call "debt" is just a stockpile of US Treasuries which were sold as a way to control interest rates, not because the government needed financing. Selling bonds are not even necessary anymore since the fed sets interest rates simply by declaring it now, it no longer needs to control interest rates by selling bonds
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  25. thats what they said about all the spending in ww2, but the following generation thrived
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  26. So you should wait in line for 10 hours just to vote? Spoken like a conservative who knows his base is shrinking and who needs to turn as many people away from the polls as possible to stay in power
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  27. we don't actually owe other countries. We just let them save their money in a special account at the fed that pays interest
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  28. an unfilled job is unadded
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  29. Yup, an what they never mention is that 33 trillion is just the money floating around in the non government economy. It's all just private sector assets
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  30.  @muhlenberg2608  it absolutely did not work. They just used that extra money to buy back thei rown stocks or ive their ceo's massive bonuses
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  31. nothing will happen if the dump our bonds
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  32. ​ @truthisforbidden5733  Nah, the Chinese dumped 15% of their US bond holdings in 2016, nothing happened to our interest rate. Them forfeiting the interest that comes with our securities is no skin off our back. And a gold backed currency would fail immediately simply because pegging your currency to a commodity massively limits your governments fiscal capacity. Interest rates would need to be consistently high in order to draw the flow of gold to your country, this would crush domestic spending and investment and result in constant depression and disaster. There's a reason no currency on earth still pegs to gold Even if it this gold backed currency were to succeed and catch on, it wouldn't affect the US economy. Our ability to conduct our fiscal policy however we see fit to achieve domestic goals like price stability and full employment will remain unchanged
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  33. ​ @truthisforbidden5733  Yeah, and nothing happened to us. Interest rates went up because the fed decided it wanted to raise them to help control inflation. It had nothing to do with those nations dumping our bonds. Increasing gold purchases is very different to pegging your entire currency to it. It doesn't matter if those nations are trading in their own currencies, in fact it should be recommended. Since a nation that does not trade and borrow in it's own currency will lose its monetary sovereignty and be liable to pay in currencies t does not control. This leaves it significantly weakened and fraught with fiscal vulnerabilities. They could end up like Greece when it chose to abandon it's sovereign currency in favor of the Euro Not finding bond buyers will have no affect on us because selling bonds is no longer necessary to control interest rate. Nowa days the fed sets interest rates simply be declaring it. No, hyper inflation is not on the cards simply because we have a large debt. That debt is simply a stockpile of US treasuries and the interest on those treasuries will never be a problem because the fed will always make sure interest payments remain below the growth of our economy. They set rates simply by declaring them remember. Republicans are refusing to increase the debt ceiling for political purposes, they're playing games with our economy just like they did under Obama. They nearly tanked our economy in order to win concession from obama, only to throw all those concessions out the window and spend 7 trillion under Trump.
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  34.  @truthisforbidden5733  Trading and borrowing in any currency but your own is dangerous. Just like pegging to a commodity. China, like the US and pretty much every other developed nation borrows and trades in its own currency. Like i've said many times now, how other countries choose to trade won't have an affect on the US. Nor will how the Brics nations do economically.
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  35.  @truthisforbidden5733  No, the petro dollar is not what sustains the feds ability to print at will. There are plenty of nations which are able to print at will who all trade in their own currencies. Japan has the largest debt to gdp ratio in the world, their debt is over twice the size of their entire economy, they do not use the petro dollar. It wouldn't matter to the US if other countries no longer hold dollar reserves
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  36. ​ @pinkcichlid  no, it goes up quickly when theres some kind of disaster like the covid pandemic, and slowly when things are normal. The national debt doesn't matter anyway, people are overreacting
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  37.  @siberwolf33  The middle class isn't responsible for the national debt, because it's not actually a debt. It's just a record of our Treasury stockpile.
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  38.  @siberwolf33  Why do you care that people are having their student loans forgiven? You're not paying for it. You don't pay for anything the federal government does
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  39. @bobhabib750 The federal government actually does have the authority to do with student loans as they please. The higher education act gives them this power
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  40.  @rurutuM  You're right, and these people complaining about the debt forgiveness aren't even footing the bill. The government doesn't use federal taxes to fund anything they do
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  41. @bobhabib750 The government has the power to forgive any student loans owed to the department of education per the higher education act. And you should stop crying about it since you're not actually footing the bill. The federal government doesn't use taxes to fund anything they do, they just create the money necessary to do it
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  42.  @siberwolf33  You pay taxes to create demand for the US dollar. Taxes turn litter into currency.
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  43. full time employment is near all time recrords
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  44. only counted once no matter how many jobs you have
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  45. Go back to Ireland
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  46.  @Ek0  no cuts necessary
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  47. only counted once no matter how many jobs
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  48.  @bscaryanimation482  there are two separate bills. The corporate skinny version of the bill that only allocates 500 billion of new spending, and the bigger one that focuses on human infrastructure. Both need to pass
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  49. so? the national debt is harmless. people thought it would be the end of the world when it was 1 billion, and 10 billion, and 100 billions and 10 trillion. We were perfectly fine in all of those points
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  50.  @MrMustangMan  so? It's not like there's a finite pot of money the government must spend from. They'll just increase their budget to pay those interest payments without sacrificing the normal expenses of running a government
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