Comments by "Grim Affiliations" (@grimaffiliations3671) on "Michael Bordenaro" channel.

  1. the government isn't like you, they make the money. Their "debt" is our savings and assets
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  2. thats why we should have a land value tax. You get taxed based on the value of your land, not the house. It will take away most of the value of your house but you'll pay less taxes and home ownership would be back on the table for most people. Speculators and corporate investors would be forced out of the market
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  3. that isn't the definition of a recession in the US. And government spending = private sector wealth. So there's nothing unusual about using government spending to ward off a recession
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  4.  @esteban1487  what counts as socialist depends on your answer though
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  5.  @esteban1487  socialism is an umbrella term, and their are many types
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  6.  @queserasera1674  Medicare is now allowed to negotiate down drug prices thanks to dems in 2022. Insulin is now capped at 2k for people on medicare thanks to dems in 2022. I have no reason to doubt they will allow medicare to cover in home healthcare if they win this year
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  7. "sound" money = depression
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  8. why? The governments deficit is our surplus. So getting them to balance their budget means taking money out of your own pocket
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  9. lay offs are low. They just need to start hiring
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  10. 😁😅😅
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  11. assuming he finally gets a prediction right
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  12. The system will always function, because they government has all of it's debt in its own currency. This means they have full control of their interest rates and thus, the debt is sustainable. Also, money is not supposed to be a store of value, it's supposed to be a means of exchange. People with money will use it to buy assets, and that's where their wealth comes from
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  13.  @Ziegfried82  No, the debt based system is far superior to a gold based system because it's a lot more flexible. Demand for money explodes during downturns, and the government needs to be able to inject that money into the system to support that demand, otherwise a recession will turn into a depression. Average citizens do not like depressions
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  14.  @RafaelPerez-b9n  Growing debt doesn't lead to inflation. Our debt is many times larger than it was in 1980 but inflation is many times lower. Crashes and depressions were way more common in the gold standard precisely because money supply was so inflexible. We had four recessions every decade on the gold standard, that seems like the very definition of irresponsibility
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  15. jobless claims just came in lower than expected, cuts are working fast
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  16. yeah trump promised to cut energy prices in half not realizing that would bankrupt the energy industry
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  17.  @deardra5619  now imagine how much things will cost if trump puts a tarrif on all goods
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  18. They're not getting forced to make EV's, they're doing it because they know it's the future. Chine is coming hard for all internal combustion engine vehicles
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  19.  @francismarion6400  poor people do contribute a lot, and they actually contribute a much larger share of what they earn than wealthy elites do
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  20. these are false statements. I bought gas for 2.70 yesterday
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  21. didn't it already uninvert again recently?
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  22.  @kilnmaster  thats why i like Harris' unrealized tax plan. If the average person needs to pay unrealized gains taxes, then bill gates should have to do it too
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  23. there's a huge shortage what do you mean?
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  24. maybe these doom and gloom channels are lying to you?
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  25. yeah because big corporations would prefer the guy trying to raise their taxes over the guy who gave them the biggest tax cut in decades
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  26. because the government owes in a currency it creates out of thin air, so it can never default. You are a currency user, they are a currency issuer
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  27. then why has inflation fallen so much since 2022? Why do we currently have deflation in many categories?
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  28. then why lower prices?
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  29.  @winniethepoohandeeyore2  Until then you're just gonna have to deal with people sadly
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  30.  @fredk9999  your line of credit would be cut off if you weren't good for it
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  31. yes and no. They can print whatever they need, but you still need to pay taxes because taxes give value to the currency
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  32.  @Bennysol  No. It only seems that way because you've been lied to your whole life. Taxes do not pay for the federal governments spending. The money you use to pay taxes was spent into the economy by the government in the first place, so when you pay the tax, it doesn't give the government new money. It simply cancels out what they already spent
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  33. victim mentality
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  34.  @francismarion6400  nah we have property taxes, land value taxes are lower than property taxes because they don't depend on how big your house is, they depend on how valuable the land it's on is. So people in rural/suburban areas will pay way less than people in high value city real estate. Theres a video on it called "the power of land" check it out
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  35.  @austinmackell9286  Good point. If all of these people were as concerned about the national debt as they claim, they would simply stop adding to it by selling bonds and instead go back to letting the treasury run an overdraft with the fed. That would allow us to finance the deficit without having to sell bonds. And there would be no economic difference
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  36. called being ahead of the curve.
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  37. US Jobless claims came in lower than expected. The rate cuts work fast
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  38. even if you actually work with homeless people, why would the ones you've interacted with speak for all homeless people?
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  39.  @dibari22  what's your source for the 80% number? Because it seems to me like you just pulled that out of your posterior. People are homeless for a wide variety of reasons, and its incredibly naïve to assume people always have access to the help they need. All help for the homeless starts with getting them the security of a roof, other things follow from that
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  40.  @beatrixbrennan1545  what you mean is wrong, that's the point
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  41. because their numbers don't agree with your feelings?
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  42.  @francismarion6400  I'm not saying its not what they do, im saying you thinking it's a bad approach reveals how little you know about the governments monetary operations. A "balanced budget" is not a good thing on the federal level. When you get rid of the governments deficit, that deficit simply gets pushed onto us in the private sector, and thats how you get recessions and depressions. Also i think its pretty funny that you think going over budget is an exclusively dem thing
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  43. isnt that what trump is running on? price controls on credit card interest rates?
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  44. A co-op condo would be great. Dont know why more people don't do it
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  45. recessions have always been defined by the NBER's call. They haven't called one yet
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  46.  @tom-ks6hz  Wages have gone up massively since then, obviously you wouldn;t be able to live in 2024 with 1980's wages
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  47. why would they jump in now knowing the fed will cut further?
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  48. inflation happens for al sorts of reasons that have nothing to do with gov
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  49.  @MrGunlover12  and they're right. The national debt makes up peoples savings and assets. Getting rid of it would make people worse off
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  50.  @katydid2877  Because more people will have other housing options like town homes. At the end of the day, their are millions of people who need housing options, if all you're allowed to build are single family homes, you're never going to bring demand down. A better question than why should apartments get built near me, is why should you get to tell someone else what they should build on their own land? I believe in free markets, not big government market manipulation
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