Comments by "Grim Affiliations" (@grimaffiliations3671) on "Graham Stephan" channel.

  1. are you talking about the guy who wants to dollarize your economy? good luck
    2
  2.  @glennshoemake4200  Nationalizing the oil wasn't the problem, it was being too dependent on it and not saving any of the revenue from it to use incase oil prices plummeted. Norway is an example of doing it right, they saved their oil money into a sovereign wealth fund, that they could utilize if oil prices ever rook a hit
    2
  3. maybe in the UK but not in the states, the only thing they've been wrong about here is a recession
    1
  4. who goes to malls anymore?
    1
  5. there won't be a recession, growth is strong, unemployment is low, household income is up, consumer spending is strong
    1
  6. And Trump is responsible for 25% of it
    1
  7.  @francocolbar  it would make Argentina just a colony of the USA. Unable to conduct it's on monetary or fiscal policy, and it will become forced to take up debt in US dollars, which it will have to find a way to earn or face another default. Dependence on the US dollar is what got Argentina into this mess, it won't get it out.
    1
  8.  @francocolbar  Right, so your answer to being destroyed by your dependence on a foreign currency you don't control is to become even more dependent on a foreign currency you don't control? That's a cowards way out, a short term fix that will doom your country in the long run. Imagine if Brazil decided to give up on their fiscal sovereignty when they were going through hyperinflation? They would be nothing more than a weak US puppet today
    1
  9. The debt is in dollars, so the gov has no problem paying it back
    1
  10. brics aint changing anything
    1
  11. Wow, we've been in a recession with the besr jobs market in years? Impressive
    1
  12. The debt ceiling itself is dumb. The government can afford to pay any bill that comes due in its own currency
    1
  13. false
    1
  14. The US won't default, they will raise the borrowing limit
    1
  15. nah they all know a crash is a good investment, that's why they've been praying for one since 2020
    1
  16.  @francocolbar  thats a terrible idea, you need your own currency, not be a slave to US federal reserve
    1
  17. It wasn't, food proces have remained flat
    1
  18. Republicans
    1
  19. The government borrows from itself
    1
  20. You don't need to balance the budget to borrow your own money
    1
  21. hyperinflaiton in the US is pipedream,
    1
  22. Ita not really debt
    1
  23.  @jesse_-  left life?
    1
  24. Very differently situation
    1
  25. They don't need to pay it off
    1
  26.  @JosefTorkelsen  financial conservatism is dumb, as long as you make sure you don't spend beyond the productive capacity of your economy, deficits are fine
    1
  27. That's not how government spending works
    1
  28. It was balony
    1
  29.  @jonathanprime1507  The Truth is, Balancing the budget is actually bad for the economy. Government deficits are the only way for the private sector to receive net financial assets. When the government balances its budget, it pushes the deficit onto the private sector by depriving it of the net financial assets it needs to avoid recession. Trying to balance the budget is a fools errand. Whats best for regular civilians is for the government to stop focusing on a balanced budget and start focusing on a balanced economy
    1
  30.  @edeverret2911  and I knew this supposed collapse was bs after reading the deficit myth by Stephanie kelton
    1
  31.  @edeverret2911  the government does run the federal reserve lol. Sure the individual fed banks operate like private banks, but the entity within the fed that actually carries out monetary and fiscal policy is a government organization called the FOMC. The majority vote in the FOMC is held by the board of governors which are appointed by the president and confirmed by congress. They operate on behalf of the government to achieve their dual mandate, which is full employment and low Inflation
    1
  32.  @edeverret2911  no, when the government passes a spending bill, the fed must make the payments on behalf of the government. It doesn't loan the government money, it acts on behalf of the government to get the money to the necessary bank accounts. The government is the source of all US dollars, it doesn't need to borrow its own money. The individual fed banks around the country act as private banks and are mainly there to collect information on economic conditions so the FOMC can make informed decision about monetary policy
    1
  33.  @piyushjaiswal9283  not true
    1
  34. Nah, the US likes dollar hegemony
    1
  35.  @tmasslayer717  you're delusional if you think the US will see anything close to hyperinflation. Nothing will happen when the fed drops rates because US supply chains have recovered
    1
  36. What do you think cbdc is?
    1
  37. The budget has already passed the house and senate. And if they refuse, He will mint a trillion dollar coin, he doesn't need them
    1
  38.  @cwhit0110  the debt ceiling is so dumb, why does the US needs a limit to the amount of its own money it can use?
    1