Trump claims he can pay off the national debt with tariffs
>>519513532How?
he should have just said that he was going to pull 40 trillion dollars out of his assit would be more believable
the national debt is impossible to pay off
>>519513532You can't just take our money and make it your money
>>519513713With tarrifs.. cant you read ?
>>519513783It's possible, but every single American has to give Trump $100,000.
>>519513895Miga
>>519513895does that include the cost of maintaining the government spending and debt interest?
i think trump forgets that he has about 3 years left in office and 5-10 years left to live boomer are that type of stupid
>BREAKINGThat's a completely meaningless word now, isn't it.
>>519514156when you have an attention whore president spouting of random nonsense multiple times a day, everyday, everything become mealiness.social media was a mistake
>>519513532>add taxes>remove benefits >billionaires and jews get tax free card>manipulate the stocks every now and then to give a dear friend a chance to get few more billions >Blame any failure on Obama and Biden.
>>519514222did someone molest you?
>>519513532
>>519513783we just need to give billionaires more tax cuts while raising national spending and the debt ceiling, surely that'll balance the budget and pay off the debt
>>519514292i get molested by the stupid everyday
>>519513713By putting tariffs on the debt payments.>repay 1 billion USD worth of debt>tax the recipient for 1 billion>use that 1 billion in tariffs to pay off another 1 billion of debt>repeat until zero debt remains
lolThe national debt is now $134T of Intragovernemnetal Debt PLUS the $36T of Marketable Debt (Public Issues).Why do people act like monies owed AND paid out aren't included in the fucking economy?
>>519514504most us debt is owned by the federal reserve, we can't tariff ourselves
>>519514518remember when we were just going to have a debit holiday and all was gong to be forgivenyear after year the non stop stupid keeps getting worse and worse
>>519513713Americans just need to buy more stuff produced outside of america, and then the collected tariffs can be used to pay off the debt.
>>519513788>You can't just take our money and make it your money
Trump just knocked $18T off our Intragovernmental Debt without as much of even a fucking mention lol$100 TRILLION of this $134 T is medicare (~70%), soc sec (~25%) and disability (5%)
>>519514613>a debit holiday? what is that
>>519513532>technically he could pay back the amount we have borrowed that is not directly tied to what is owed to the american citizensthey owe us something like 27-28 trillion last I looked.
>>519514634LOOK AT THESE TARIFFS! LOOK AT EM..WE ARE BRING MANUFACTURING BACK BABY.>TWO WEEKS LATERTARIFFS WILL PAY OF THE DEBIT BUY MORE OVERSEAS GOODS!!Kek
>>519514222>everydayif it was everyday why are you acting like it was crazy>>519514487>everydaythe stupid everyday what? you forgot a word here
>>519513713tariffs, anon, tariffs!it's extremely bvllish
>>519513532He should use the EBT money to pay it off too.
>>519513783A lot of the national debt is bullshit. Stopping issuing your own debt with interest would create a good starting point to pay off existing bonds.
>>519513532National debt is the surplus of the private sector."Paying it off" = government decided you should no longer have any savings.
>>519514761yeseveryday i get molested by the stupidit hurts my brain
>>519513532kike nigger lies
So no $2000 checks?
>>519514899nope just a 2000 bill instead
>>519513532Great he's going to tax us until we're dead.Generals in the Pentagon-DO YOUR FUCKING JOBS, NIGGERS!
this is what is owed to to foreign investorslatest tic datanote fucking 'other' category kek is almost 20% of the whole number (~$9T of foreign debt holders)i have been noticing that many 'other' categories on US Treasury accounting sites, often fucking undefined, is sometimes fucking 30% of the entire numberwhat a fucking clownshow
>>519514867>National debt is the surplus of the private sector.lol
>>519513532There isnt enough dollars to pay the debt.Thats what money itself is, debt,So in order to cancel that debt you have to burn all money in existence
>>519514878god damn ironic post right there.every day I have to deal with retards like you making this everyday mistake with an everyday word they use every day.
>>519513532Remember when he made that executive order saying he can seize assets of people involved in human trafficking and that was going to build the wall and pay off the debt (implying the debt issuers shouldn't be shot) and give free health care and Durham report and the storm is coming.
>>519514677lolololol>>519514566ehhhhhh....
>>519515151It's what it is. It's money the state - issuer of money - let you have.0 national debt = people have 0 money.Doesn't necessarily mean people have nothing (there are other assets than money), but certainly limits their fluidity.And no it's not impossible for the country to have 0 national debt - government can very easily do that.But think hard if that's what you really want.
>>519515479it isn'tdebt-based currencies are to create slavesour currency is really backed by our labor, but TPTB want us to think debt-issued currency is normal, it is not debt-based currencies ONLY ENRICH the issuer
>>519515770>debt-based currencies are to create slavesthe fed is fucking broke to the tune of a quarter trillion federal reserve notes right nowthey are sucking us dry ~$2B a week and have not remitted one fucking cent to the treasury since oct 2022
>>519515840>the fed is fucking broke to the tune of a quarter trillion federal reserve notes right nowupdate pic rel to ~$244 B
>>519515770There is a difference between how you think things should be (currency backed by labor) and reality (debt as currency). No, you dont have a currency backed by labor lol not even china has that
>...
>>519515479>>519515898watch the central banking part of the first Zeitgeist you fucking faggots
>>519514634>just buy the thing!no tariffs will not do that. it will discourage that you numbnut. people will not buy. people will not specialize. they will be a jack of all trades prioritized to create their own shit.
>>519515898>laborthat is ALL that our currency is backed byhere is the US Treasury also stating such
>>519516033nothing we said is in conflict with that documoney is debt. No debt = no money.Dont forget the interest. Even if all money was burned, more would have to be printed to pay the interest.With jews you lose
>>519514634this kek >I'M going to pay off the debts from tarifs>who is paying those tarrifs?>muttsand maga retards will be cheering on that new chant
>>519516135notice it says "backed", with " "
>>519516135our currency is ONLY backed by labornotice on the top half of pic rel the NYFed squeezes out the citizens' currency and pays its ilk IORB and RRP instead, while also buying houses and bondsit clearly prioritizes enriching its private owner banks over the citizens having a currencywhy doesn't trump ever mention this?b/c fucking trump thinks the Fed is the housethe FUCKING US TAXPAYER IS THE FUCKING HOUSE
>>519516196our $ is backed by our fucking laborit is the federal reserve note going the way of the woolly mammothkek pic rel our US treasurer
>>519513532well, US imports about $3 trillion of products every year, while trump just added $2 trillion to the debt in the last two months. even with a 100% tariff on literally every single import, and somehow this didn't cause imports to decrease, and all of this was used to pay the debt, the debt would continue increasing.
holy fuck<<<-----17fucking91why we shouldn't have fucking debt-based private central banking franchise (the Federal reserve) and their shitty federal reserve note
>>519516259no its not. >Investor gets new loan for $10 million>$10 million are added to the economy>investor buys stocks>sells for profit>no real labor or production involved
Just tariff your kiked up megacorpo and its billionaires.
>>51951378320% of USA's debt is social security which it owes its people that will be paid off in pension.Trump saying he can rid this debt by just taxing USA's imports with tariffs is pretty insane. Sounds like he just wants to make the tariffs more popular and what he actually want is for the tariffs to front the tax cut to the rich.Also if you Trump cucks are worried about the economy you should focus on USA's exorbitant privilege with the USD being a world reserve currency and what that means for your money printing because that shit is like a magic for Capital but heavily relies on USA's world hegemon position and you might lose that if you go isolationist.
>>519516334you don't even have the most remedial understanding of our banking systemwhat you speak of>someone gets a loanis #3 below:There are FOUR ways currency is created in the US:1 Congressionally-approved Public Issues treasuries for deficit spending via the issuance of marketable US treasuries sold by the NYFed’s primary dealers aka Debt Held by the Public (now ~$37 T)2 Intragovernmental Debt GAS securities (aka ‘Unfunded Liabilities’) that are created/issued for currency to run public agencies (over $152 T now) and ARE PURCHASED WITH YOUR PAYROLL TAXES3 The commercial tier 2 depository banking sector, it makes small loans in which only the interest remains in the banking system after the loan is paid back (the principal and repayments are destroyed when the loan is repaid) —this can remain when the Fed is dissolved4 QE, this is fucking counterfeiting by the now-insolvent NYFed's primary dealers since 2008 via IOER (now called IORB) and we pay all sorts of interest on this, increasing every day with raising rates
lol
>>519514504Brilliant. Don't think too much, though, you might become a success.>>519514566Why not?
>>519513532he is gonna redeem the debt with covert shitcoins and crypto scamsthey will pump and dump their way to debt redemption
>>519516559Based, get to work, zoom zooms (just kidding, I won't be alive to collect).
>>519516764Yawn, might as well post with a meme flag.
>>519513713>>519513752
>>519516462and that contradicts what i said how?where is the labor backing that new money?
>>519516873That article is wrong on so many levels and Paul Belien (the author) is a complete retard
>>519515151that's the absolute first thing about how money works
>>519513532"I heard today, from an incredible man, really great guy, that you can in fact print the money. I thought, wow never thought of that."
>>519516937>and that contradicts what i said how?b/c when a depository institution creates loans it is not the same thing as the fucking NYFed creating reserves out of fucking thin air and giving them to its primary dealersthat's fucking how you were wrong
>>519516924that means us citizens have 198b less
>>519516198>our currency is ONLY backed by laborby promises and speculations about economical growth*
>>519517076our currency is backed by our productivitylazy skimmers dread real price discovery lolthe US is going to bulldoze right the fuck over the debt-based fucking BANKRUPT Fed
>>519513532they should just print the fuckin money and pay that shit off already you can tarrif everything later
>>519517189are you an idiot?the economy churns b/c people get up and go to workyou have been drinking too much of your own koolaidprivate bank franchise debt-based currencies fail, it is what they dowe are going to restore the currency to the peoples of each nation
>>519517126and where did i say its the same thing?
>>519517257because your fucking example was a private bank making a loan your own post---->>>>>>>519516334idiot
>>519514100King nigger says Trump is trying to control the gubmint for 2 more years...I believe he meant after the midtermsAnd they say niggers can't comprehend the future
>>519516963Snopes says the article is 100% correct, man without a country.
>>519513532it's not possible. america accrues ~$1 trillion debt every 3 months.>>519513895this.
>>519513783Wrong. Our country collects like 4 trillion in taxes each year. It just gets wasted on bullshit. Government makes so much money each year that they could be buying a majority of people a home each year and we should all have Healthcare paid for by our taxes.
>>519517383private bank making a loan = new money createdthats how it works
>>519517100Did Biden ever get his $1,000,000,000,000 coin?
>>519513532Just put a tariff on interest.
>>519517256you are not really listening are you?we are telling you how things AREnot how you wish they would be
>>519514255I didn't know Jordanians were smart like that
IT'S TIME TO TELL THOSE DEBT HOLDERS TO FUCK OFF, AND COME AND GET THEIR MONEY IF THEY REALLY WANT IT SO BADYES, IT'LL BE THE END OF BORROWING, BUT THEN WE JUST FUCKING TAKE WHAT WE WANT. CHINA IS LITERALLY THE ONLY COUNTRY THAT COULD STOP US.
>>519516198>our currency is ONLY backed by the US NavyFixed that for you, slick.
>>519517509that is one way and not what i was talking about in my posts you replied to
>>519517694the military is a product of our labor
>>5195174949.5 trillion. Most of it goes to entitlements and paying off the debt. Servicing the debt will eventually exceed entitlements. Most of the bullshit you are talking about is poor management.
No one in this thread is considering the mar-a-lago accord. Trump openly plans to devalue the dollar via inflation. Debt is not pegged to inflation. So if you inflate the money supply such that minimum wage is $100, a cheeseburger is $75, and a Honda civic costs $1 million, tariffs on all that adds up to trillions quick and paying off the debt becomes easy. Anyone holding cash and non inflationary assets get their ass turned inside out, but thats part of the plan too.
>>519517793no, its what I was talking about before (You) sperged for some reason. Im not even against your ideas, im just telling it how it is but you're too stubborn with your spam shill, you do this in every economics thread
>>519513895but if we all die for Israel we wont make the budget
>>519517818no money = nobody worksevery company in debt to banksbank prints infinite money = owns all labor indirectlyforeclosures = banks gets hold of real world assetsyou = cope and seethe about it, forever
>>519518036you have no idea what the fuck you're talking about
>>519517570Another big brain Finn. You guys seem to be the only ones to understand that reality is what these people say it is, it's not anything logical.
>>519517126It's actually exactly the same thing now, keep up. The removed all reserve requirements for depository institutions in 2020.
>>519518155people work without moneyobviously YOU DON'T lolMoney does not make food.Labor, Seeds, Land, Air, Sun, and Water make food— we have ALL of these things WITHOUT fucking money. If you remove JUST ONE of these items, YOU WILL NOT HAVE FUCKING FOOD. MONEY DOES NOTHING BUT ACT AS A QUANTIFIER FOR FUCKING TRADE.We cannot have unearned income AT THE EXPENSE OF earned income. Finance must be the servant of production, not its master.We have physical activity without money.
>>519518255https://www.federalreserve.gov/monetarypolicy/reservereq.htm
>>519518255it isn'tand i see you still don't understand the difference between reserve requirements and capital requirement
only fucking lazy skimmers look for their productivity elsewheredo you fuckers understand that?our labor gives the currency value and nothing elseMoney is often falsely equated with productivity, intelligence, class, success, integrity, and/or good taste. If you equate success with money, you will likely be perpetually dissatisfied, in a constant state of longing.But if you VALUE THINGS WHICH CANNOT BE BOUGHT, such as:communityfamilywork ethicintellectfitnessperseverance cleanlinesshonestyintegritycompassiontraditionloyaltyreliabilitypatiencehumorIf you value the above, you will always be content and successful, no matter where you are or what you do.Judge yourself by deed, not possession.RAISE YOUR FUCKING STANDARDS
>>519513532>Trump claims he can pay off the national debt with tariffsat least he is trying to solve it. Congress is only interested in increasing it until our government fails.
>>519518321Oof, shifting the goalposts to defend your crumbling point. When a depository institution creates a loan, its the exact same monetary supply impact as the fed creating money for primary dealers, just different scales. I'm sorry you've gotten so worked up and defensive about your misunderstanding that youre shooting out ink and fleeing, but things change.
>>519518155it does not escape me that someone from a country that looks to others to value its own debt-backed currency does not understand the value of laborpic rel is your fucking finance minister now iirc
>>519517173>tariffs are paid for by the consumerThis has time and again proven to be false. Long term maybe prices would shift that way but it would never be 100%, that is not how pricing works. Think of it this way: If you daughter is selling lemonade for $1.00 a glass and the cost of lemons goes up by 20% due to tariffs (so about a $0.10 increase in production cost) are you now going to charge $1.10 for a glass of lemonade? Maybe if you were the only seller, but what if that little bitch becky across the street doesn't change her pricing and sticks with $1.00? Then you will be fucked and your daughter will grow up with confidence issues and turn into a slut.
>>519513532>32,9 trillion dollarslmao good luck with that
>>519513532You make it sound like he thought out anything of the sort. He is profoundly retarded, and all of his fans, without exception, are idiots.
>>519513532Doesn't someone owe us back tariffs on all the slaves that were exported to the USA?
>>519518483>When a depository institution creates a loan, its the exact same monetary supply impact as the fed creating money for primary dealers, just different scales.it's not the same at all or in the same money supplyQE reserves are created by the Fed BoG and are sequestered from the public on the Feds balance sheet, they are exclusively accessible to the primary dealers and receive IORBthey DECREASE funding to the public inadvertently and pay out to banks
>>519518657>what if that little bitch becky across the street doesn't change her pricing and sticks with $1.00?Why would becky not raise his price to $1.09 for extra profits?
>>519513532MIGGERS will cry with love reading this like a leftists when a new Nintendo switch is released
>>519518483>Oof, shifting the goalposts to defend your crumbling point. When a depository institution creates a loan, its the exact same monetary supply impact as the fed creating money for primary dealers, just different scales. I'm sorry you've gotten so worked up and defensive about your misunderstanding that youre shooting out ink and fleeing, but things change.this may be one of the most stupid, desperate posts i have ever readwho the fuck shills for the Fed? kek
>>519518743Reserves aren't a thing anymore. Your schizo .doc infographic is embarrassing dude. You have to update your understanding when new events happen. I'll resume talking to you if you do some catch-up reading.
>>519513532hahahaha
>>519518872No one is shilling for the kikes. Your absurd understanding is being challenged and you're doing ad hominem now. Good luck.
>>519518774Because in this scenario you have not raised your prices to $1.10 yet. She could do that if you did that, or becky's whore mother may have already printed out some flyers advertising it for $1.00 and decide it is not worth reprinting the flyers. Even if that cunt did you would still not be paying 100% of the tariff, you would be paying 90% of it and becky's whore mother would pay the other 10%.
>>519518286Im telling how things are, not how they should be. Money SHOULD be a means of exchange, but it isnt. Its debt and its got interest attached.You seem to mistake me telling how things are with me supporting how things are. >>519518533???>You: money is backed by labor>Me: unfortunately its not , but i understand why it should>You: hurrr you dont understand value of labor!!Telling how things are does not mean i support it, you fucking daft retard lmao
>>519513532Surely the tariffs are going to bring in 38 trillion dollars
>>519518893>Reserves aren't a thing anymore.they arepic related is fucking currenti do love all the segues you providesometimes i think you really don't like the Fedpic relnow the Federal Reserve franchises have their dream come true, note the right side of the chart, high reserves and high IORBthe last time they tried to have both, JPM got raided by the FBI for rigging treasury and silver markets which caused the repo spike, all big banks failed again quietly and got bailed out again for trillions in Sept/Oct 2019 and then we had covid, which shut down the economy and conveniently hid their illiquidity lol
>>519519052you fucking tried to tell me IORB and primary dealer reserves and commercial tier 2 banking were the same thingkeki've been doing this a long timei'm not even breaking a sweat
>>519518947i swear that guy is a bot or something, he is conflating what he thinks should be reality with reality itself. >noooo money is backed by labor>dude its not, look at the system. There is nothing backing the dollar.>nooo its backed by laboron and on and on
>>519513532Wow! :D Who's going to pay the tariffs though? :D>"you are!" :D:DD:
Enjoy the tax Cleetus.
>>519519190i never said such thing. I only said money is created through loans, i dont care about the autistic details of the operation. The end result is more money is circulating without real production to back it up in most cases
>>519513532by making everyone in America poor?
>>519514754>WE ARE BRING MANUFACTURING BACK BABY.>>TWO WEEKS LATER>TARIFFS WILL PAY OF THE DEBIT BUY MORE OVERSEAS GOODS!!>Kekyeah.... MIGAtards are a special kind of stupid
>>519518947please do correct one fucking letter of my postsI am arguing with no one, that would imply i was being challengedhave another post you can't refute:These MBS tranches (bought using QE) are held outright by the NYFed (NYFed acts as both note holder and MBS investor, multiple CUSIPs in each tranche, hundreds of properties in each CUSIP). If the mortgagor defaults (which 99% of them do/already have, which is why the NYFed bought them from their primary dealers in the first place), the deed then belongs to the Fed, who then either sits on the property (affecting housing values and skewing the housing market) or gives it to one of its triparty dealers to be rented (REITs) or to be picked over in foreclosure court. The NYFed now owns ~30% of all mortgaged homes, this was illegal before 2008.The primary dealers that own the NYFed and the financial firms they choose to fund and that also make real estate purchases for the NYFed (i.e. BlackRock, Blackstone, Carlyle Group, American Homes 4 Rent) want to own all the properties, then the US government can become their customer through housing assistance; in this way, they form a closed loop of both supplier and customer, keeping the general public from owning any property, while profiting.Under the guise of Covid, the NYFed and its ilk bought single family homes (MBS) and Commercial Mortgage-Backed Securities (CMBS), too, such as apartment buildings, trailer parks, nursing homes, offices, strip malls, warehouses, student housing, and RV parks and are keeping these real assets in their privately-incorporated LLCs (aka Special Purpose vehicles (SPVs)).Update pic related to ~$2.2TThe purchase of these distressed properties by the NYFed causes false scarcity and false demand, which drive up housing (and rental) prices and prevents young and upcoming families from buying, fixing up and investing in these properties, as well as stopping new families from putting down roots in a community.
>>519513532We don't need to pay it off, announce a jubilee and wipe the slate clean. Or do goys not get biblical holidays.
>>519513532Debt to whom?
Miggers are gullible enough to believe him too
>>519519252>The end result is more money is circulating without real production to back it up in most casesno shit which is why you should have let your peso floatyour country actually had a chance to get out from under the NYFedfunny how pic related was when China did the ciurrency swap instead of the US
>>519513532Isn't most of the debt owed to domestic investors? So basically tax the people more to pay the people off. Brilliant!
>>519519193It's now apparently schizo shit and it's time to move on to honest participants in this conversation
>>519518774because Becky is smart and know retards will raise their price while she doesn't, thus eating up all of their customers
https://archive.4plebs.org/pol/thread/505237484/^^^ A thread about the NYFed and its ilk now trying to convince the boomers to switch from private Federal Reserve-issued, debt-based Federal Reserve Notes to privately-issued, debt-backed stablecoin tokens. This is going to be priceless to watch. Neither of these currency options benefit the citizens, they only benefit the private issuer. Will boomers sell out once again to the banks to save themselves from a failing system that they created? One last fuck you to the country as they insulate themselves in their private tokens?And in the next orchestrated crisis, are the boomers’ new asset tokens to become worthless, as the payment platform is the ultimate claimant to any reserve assets in a crisis or bankruptcy?When is the currency going to be restored to the people? Don't US taxpayers have a right to a debt-free currency issued by their own treasury?Pic related was just passed.This is just entitled boomer classists driving the fucking country into the ground for money (mostly from the now-bankrupt NYFed's QE policies) and now destroying the US taxpayer's currency (the fucking US$, which is A FUCKING UNIT) on the world stage with the Fed’s issued-into-oblivion, worthless Federal Reserve Note.How fraudulent do you have to be that you can actually destroy a fucking unit of measurement? lol holy fuck
>the rest of the world will pay our debt for ushow anyone fell for this is beyond me
>>519519416China
>>519519483most third world currencies are just USD derivatives. If we let peso free float we just get 80s hyperinflation again, because there is no real labor to back it up, no military, no gold. Nothing.
>>519519911>just USD derivativesb/c we fucking WORKyou do know the US is called the cleanest shirt in the dirty laundry basket?b/c we have the highest standardsthis is b/c WE WORK and are industriousthe only reason other countries need to look to us for the value of their own fucking currency is because THEY CAN'T ESTABLISH IT FOR THEMSELVEScountries should primarily barter with each otherand another earth shattering fucking revelation:the federal reserve note has not been the reserve currency for almost five yearsthe euro has ~40% share todayjust another example of how 'economists' just spurt shit out while denying reality
>>519520214you do work, but so do other countries. What you have and others country dont: a huge ass military which helped estabish the petro dollar, what really gives "value" to your currency,Euro is just the dollar with an extra step
let me throw this in too<<<--JPM just fucked citizens, desperate immigrants and boomer investors all in one FRAUD!JPM robbing illegal immigrants in the US with super high rate Tricolor loans, while also undercutting American citizens' ability to purchase cars.JPM and Barclays using ITIN numbers to fleece desperate immigrants.Then these two NYFed primary dealers are about to fleece investors out of billions, too, b/c they also sold these ridiculous subprime car loans as ABSs (asset-backed securities) kek. https://www.livemint.com/companies/company-results/jpmorgan-fifth-third-among-banks-facing-losses-tied-to-tricolor-11757470534768.html>enabling illegal immigration>NYFed primary dealers>new Dallas/Texas financial exchange and its 'value chain'>increased rates for auto loans>increased car prices>US fucking government working directly to undermine the American middle class (of every fucking color, too)
>>519517913It doesn't pay off debt. It pays off interest. Debt only keeps increasing. Even if your government wanted to pay it off, and could do it, the fed wouldn't let them as they are making too much money from interest on the imaginary money.
>>519514255Americans elected a narcissistic retard.https://www.youtube.com/watch?v=xpFeFfXZiug
>>519520524noamericans make their home and keep it cleanno one does that for uswhy are people fleeing their own countries to come to america only to make america like the country that they fled?it is the CULTURE of people, NOT THE LAND UPON WHICH THEY STAND, that is the fucking problem>lazy skimmers (rich and poor) dread real price discoveryfirst world and third world are about to become second worldthe lazier you are, the more uncomfortable you're about to be
>>519520661>making too much money from interest on the imaginary money.rub it in pic rel 2024
>>519520875yesamericans make the entire world their homeand keep it clean (in business).>why are people fleeing their own countries to come to america only to make america like the country that they fled?because of the power of the dollar, simple as. They want to be close to the source of power (NYFed).Its not about who's lazy or not. Its not even about working. Its about your jews
>>519520661the government can do it. In fact, its British tally sticks and Abe lincholns greenbacks are solid point positive proof America can pay off its debt and move to a new currency. Andrew Jackson literally did this and it almost last a 100 years until some faggot nation called Great Britian started fucking with cotton tariffs, then tried to invade the USA. Thank god for the tsar of russia
>>519514504infinite money glitch
>>519514566can literally mint a single coin and say fuck jews, stop it
>>519521036no, people are fleeing b/c they DON'T MAKE THEIR OWN WORLD BETTER NOW, RIGHT WHERE THEY AREthey look to others for their standardsit's like the fucking russian aprartment building picture with all the trash near the playgroundholy shit it would take one fucking day, a box of garbage bags to clean it and ONE FUCKING PERSON, yet the thousands of people that live there never do itthis is the fucking problemWE MUST BE THE STANDARD THAT WE WANT TO BE
>>519516448all that hegemonic money printing just ends up in the hands of the jewish financial elite who use it to buy up all the assets inflated through said money printing while the vast majority of americans own nothing and aren't happy for some reason
>>519521378youre not entirely wrong, but you dont live in a normal country. The USA is the backstop to ALL nations accessing international dollars. The USA can literally induce famine and calamity. Do you think its a coincidence that colombia, venezuela have the sexiest women in porn? You wouldnt pick up the trash either if it cost you 5x as long to buy toilet paper. You sound like an ayn rand faggot. We as whites, the best in the world in USA, have a responsibility it doesn't fall to Ba'al. Give the jews their printing press like Charlemagne and return the clergy to the judiciary. Simple as
>>519521222>can literally mint a single coin aneven that benefits the NYFed, they would hold it in custody
>>519513713he probably means foreign-held debt. All he would have to do is lift the tariffs but track the amount of product in value that isn't taxed and subtract it from the debt.Instead of paying 200billion in tariffs, China trades freely for the year and we subtract 200billion off the debt... and, we keep doing that until it's gone. That's probably the only benefit we have as a current import economy and that benefit won't last forever but it checks out for now.
>>519521602i dont why youre hellbent on something factually incorrect, the power is in the US government not the NYFed. Refusal to take payment literally constitutes grounds for removing the fed chair. Just because NYfed swings its dick at the BIS doesnt mean it has any effect on the previous legal means USA ended its central bank
>>519521551>The USA can literally induce famine and calamity.nothere is more than enough food, etcthis is all false scarcity and fucking market rigging and an entire class of persons that thinks themselves specialpic rel from another anon (turning into post of the decade)humanity will right itself the first step is the nationalization of the Fedpasta for new anons:There is not a country on Earth that practices free market capitalism. The debt-based Federal Reserve is a con, plain and simple. God only knows what true capitalism, real price discovery and sovereign nations trading with each other in a free market would be like. Imagine sovereign nations issuing their own currencies. God only knows where we would be today, had the Federal Reserve and the IRS (both created in 1913, btw) never been created. No orchestrated booms and busts, no crony State Capitalism, no corporate tax subsidies, no failing IPOs, no QE, no counterfeiting Central Banks, no metal market rigging, no derivatives, no endless war financing. Only states were supposed to impose an income tax. We are so far from free market capitalism, it is staggering. This is the Federal Reserve Unipartygo talk to your shit to someone that believes it
>>519521724where was i wrong?
>>519516135>that is ALL that our currency is backed byNo currency anywhere ever is "backed" by anything, not even gold coins. The only thing that gives anything value is the perception of marginal utility. How much does a person want the currency (or item) versus how much is he willing to part with the item or currency in exchange. The amount he is willing to accept in currency is based on what he thinks he can buy with the currency in the next transaction. That's it.
>>519521905you for some reason believe the FED can refuse payment. We can literally move to tally sticks and the FED could do nothing about it. Why are you purporting to believe that the NYFed has top authority in America?
>>519521960>you for some reason believe the FED can refuse payment.where the fuck did you come up with that?
<<<---the fed would be custodian of a platinum coin
>>519516112Some people will forgo items whose price was jacked up by tariffs and get something else cheaper, and not necessarily domestically produced. Example: last year we bought two "smart" toilets. List price was $2550 each and we got a discount so they were $2140 each. Now they are $3799, almost exactly 50% more in one year. To me, that says there's a 50% tariff on them. I would not buy those toilets at that price. I would buy some cheaper toilet, probably a regular $200 toilet.
>>519521960>Why are you purporting to believe that the NYFed has top authority in America?who said that?lol they are the top robber, that is about it, the top fucking nationwrecking scumbag kekthe Fed BoG can shut the NYfed down tomorrowlel like that is going to happen
>>519517694
>>519522179its almost like for 2000 years running a nation and government involves assuaging the jewish mercantile class
>>519514504
>>519513783No it isn't. Trump just cut 17.8 TRILLION in intragovernment spending alone this year.
>>519522138Y'know what they say."Smart" goods for dumb people.
>>519522179youre a noble poster and informer, but heres the real politik of it. The freemasons would rather have the kikes here then Britian or France, let alone russia. Its just what it is. Best you can hope for is what obama and trump did with Blackrock, despite it being god awful for humanity. There was a certain leader in the 40s who had a plan though
>>519513532Ameritards are paying it off for him.
the Clarity Act (if passed) is going to make it so:-the SEC and the CFTC will decide what is a MATURE blockchain-the SEC and CFTC will decide which blockchain is legit-the SEC and CFTC will decide the international rules for all blockchain unilaterally-they will decide these rules AFTER the clarity act is passed kek-they will make everyone register within 270 days of the Clarity Act passing-you must hold blockchain for at least a year for it to be legit-anyone not registered (abandoned wallets will be worthless--and in this way, they also draw out the cold wallets waiting on the sidelines)Clarity Act thread:https://archive.4plebs.org/pol/thread/518107303/went through the first ~80/550 pagesPages 90-144 518782717 (JPM biometric and clarity thread)https://archive.4plebs.org/pol/thread/518782717/THIS HAS NOT BEEN PASSED like the Genius Act mentioned here >>519519673
>>519522138>EVERY GOOD AND SERVICE IN AMERICA IS AFFECTED BY TARIFFS!!! You're a fucking retard.
>>519522496that anon doesnt know that USA moved to Oligarchs who just need supply chain control and pay the tariffs themselves. Era of corporate personhood is over, we have trillionaire public Oligarchs now
>>519522315I don't have to touch the toilet to open the lid when I take a shit. And it sprays my ass clean then blow dries it when I'm done. The seat is heated and so is the water that sprays my asshole.
Chainalysis reports all the reasons crypto can be seized and the patterns and structure of known illegal wallets, they also say if another wallet even has 10% of its crypto from a dirty wallet it too can be seized when it goes to cash in on a crypto exchangeChainalysis thread from last week:https://archive.4plebs.org/pol/thread/518476506/https://www.coinspeaker.com/chainalysis-flags-75b-in-illicit-crypto-as-governments-eye-strategic-reserves/https://www.chainalysis.com/blog/landscape-of-seizable-crypto-assets-2025/Trump also promises to use seized crypto to pay the debtDOJ just seized $15B last week
>>519522496I never said that dipshit.
>>519522255literally this level of retarded
>>519522323the plan is simpleHave the US Treasury issue the currency of the people, US Noteswe just have up the limit which is now ~$300M
>>519513532Wasn't he going to give a cheque
>>519513783It's possible we just have to tax single white males more and the lower and middle class and then give billionaires more tax cuts
>>519522237your post would be an indictment of europe that has nations that have thousand year histories, not the fledgling USi also notice that europe jumped right on the fucking NYfed bandwagon as soon as it came around loleveryone is at fault, especially boomers
>>519521378You dont get it. A thirld worlder earns a lifetime of wages in only 1 year working in your country. Even if he really wanted to make his country better, he is better off working in your country and sending dollars back home. He is more useful that way.Thats the power of the dollar
>>519522693the greenback and JFK are quite interesting bit of history, likely our grandparents spent some greenbacks and didn't even know it>>519522962youre not wrong but if you bare with me, Colonies and the tea tax are directly connected to the monarch and rothschilds. You are correct though, thats why we have Hamilton v Jefferson then Andrew Jackson, great men except for Hamilton, but who does the media make their darling? Yeah its clear the FED is old european banking dynasties (not all jewish interestingly enough but mostly). ChatGPT estimated Bank of New york during Jackson was 25-30% owned directly by Rothschild. Imagine what todays FED is? The USA money creation is an odd one, theres no love loss between the FED and US gov.
>>519522979and it should never ever be like that in resource rich, beautiful argentinaget your shit together you probably have one of the few countries that could isolate yourselves>that is the power of the dollardon't blame my country for what you are lacking
>>519523300my god you are an uninformed nonce, stop posting
>>519523205you over complicate it (likely on purpose)US Taxpayers are done borrowing their own currency from the now-broke and failing private banking contractor, the Federal Reserve
>>519522979Nope.That's not how you build a nation at all.Certainly not in a vacuum.That's just parasitic growth.Think about it; the English started the Industrial Revolution; they didn't just get rich off plunder; most of the plundering came after they were the industrial power of the age, and was facilitated by their industry.A big pile of loot from a foreign country just fritters away.Roads, trains, hospitals, schools, businesses and infrastructure is what wealth is made out of; it is the generation mechanism itself, rather than a side-effect.
>>519514504Wtf gold dupe glitch
>>519523446>Roads, trains, hospitals, schools, businessesthisalways from the ground up are successful planstop down plans always fail (like AI will)
>>519513713Slap a 100% tariff on China. Americans buy $38 trillion dollars worth of cheap junk they were going to buy anyway, and China will have paid off the entire national debt. Simple as.
>>519513532Whom do they owe this debt and what happens if they simply do not repay it?
>>519513532And how much have the American people paid extra in tariffs, the $20 billion they dvd to Argentina?
>>519523826
>>519523446yeah that was the 17th century. We are in the globalized 21st century now anon.I work in USA i earn 10x what i earn here, take the usd and buy all the shit i need back home from chinks or whoever. Its not looting because there is no loot, money is just debt and there is no limit to it unlike the resource plundering you speak of
>>519524000
>>519516924a month surplus means nothing when the year is already planned to be a net negative just like every year before it going back over 20 years and counting
38 trillion waiting roomhttps://usdebtclock.org/
>>519523871it's 40 billion now
>>519523446i get your point though im not stupid. I know the real value is in the people and more specifically their brains. BUT our brain power was BOUGHT by the power of the dollar. See if you're actually talented there is literally zero economic incentive for you to try to make this country work. Corrupt policians, for all the shit they get, figured it out decades ago. They saw the writing on the wall: even if all the national talent was pooled together to try and build an actual nation, the hordes of retards would ruin it anyway for everyone.Thats why they just took the money and fucked off
>>519524008>money is just debt and there is no limit to itthis is utter bullshitmoney is not debta national currency is the cooperation between citizens quantifying value see >>519518286
>>519524257>economic incentive for you to try to make this country workyour first fucking problemholy shit, you're fucking lost, it's fucking bad
>>519524000>>519524098InsaneThanks
>>519513783It's funny how faggots and commies demand their loans be cancelled but not the loans of the country. That has to be paid off even though it's impossible.
>>519523871>>519524165the farmer bailout is coming from the tariff funds, as wellwhere's my stimmy, donnie?
>>519524390what part of i work in your country i earn 10x more because jews made it their base of operations and military power making the dollar the only currency worth a damn because its the only currency you can buy oil with the thing that makes every machine run? then i can use those usd in my country and buy all the shit from other countries cause we live in a globalized economy? that not every country can make their own micro chips for example? that if im a talented engineer i can work for 30 years before owning a house, or i can work 1 year for USA and buy it?
>>519524390>54 posts by this idJesus Patel how much was that Jew cock worth?
>>519513532>Trump taxes the general population>Sends this money to pisraelMIGA!
>>519523752and that's how you lose access to all rare minerals on earth
>>519525065How is that funny? They already know that its doomed.
>>519524280are we still doing this?you WANT money to be this > cooperation between citizens quantifying valuebut what money really IS>debt+interest thats not my opinion, its literally how the system works
>>519513532The orange moron struggles to pay off his countries interest rates.
>>519525148not indian, jewish, fat, ugly, old, young, poor, uneducated, resentful, communist, disenfranchised or any of the irrelevant, sad derailment topics you choose lol
>>519525243We can make our own REE's at any time. Lanthanides aren't "rare" from a geologic standpoint, there are abundant REE deposits on every continent.
>>519525305debt is when value is loaned, it doesn't necessarily have to be money, it can be an act or a goodmoney is the agreement between two citizens on valueit is a tool to harness the power of the nation (labor and resources) right in the citizen's handswe agree on its value, no one elseTHIS is what they seek to take from you:the face to face transaction and THAT YOU DECIDE THE VALUE, not the bankrupt usurious middleman (the Fed), which is Frankenstein-tier failing at currency issuance by ~$245 BILLION
>>519525598yeah except it'd take you years to get to that point and it would be more expensive good luck catching up with china by then
>>519513713Um, uh, he just can okay????
>>519514699liabilities and debt are not the same thing
>>519525598So you think the Chinese state is blocking these minerals for no reason? You think they planned this for years by mistake?
>>519526124china has been doing what they've been paid to do for yearsfor some reason now the west thinks china owes them something
>>519526116unfunded liabilities are what is owed out, based on what was paid in, much like a Ponzi kek lol read pic relunfunded liabilities are a debt to citizens (some of it is notional, but it is still our currency to be paid out and does enter the public sphere when paid out)in addition, the maturity and quantity of Intragovernmental debt holdings AND PAYOUT affect the price of money today
>>519513783You fail to comprehend the spending power of thermonuclear warheads
>>519526429>unfunded liabilities are a debt to citizenstrump just cut $18TRILLION OFF THIS AS SEEN in this image by the red arrow >>519514699
>>519525888What money and debt OUGHT to be isnt what money and debt currently IS. Do you see the difference ? Apparently you dont
>>519526475the ones you haven't used in 80 years?
>>519513532To make this work he has to gut all manufactering and exports from the United Ststes which is he unironically doing.
>>519514504idiot, just take out a small business loan to pay off the debt and think about a solution later
>>519513752>pull 40 trillion dollars out of his asswe could have done that to begin with without the federal reserve. the greatest trick the jews ever played on humanity was convincing them that only jews can print your nation's currency and then you have to borrow it with interest from the jews.
>>519517669ok chang, relax
>>519526551>money is debtyou accept this as a forgone conclusionthis is your problemmoney is VALUE ITSELF for you, rather than being a tool to exchange valuethis is why you give so much validity to debt-based systems and cannot imagine life based on merit and cooperationi do understand the system today isn't working
>>519526256I want to know what that leafs logic is.
>>519526535Zoom out
>>519526124They're not blocking minerals. We have the mineral deposits and have no problem mining them. They're blocking export of the refined metals extracted from the minerals. Processing REE's is what China has a monopoly on. It's a messy business that generates lots of pollution, and chinks are refusing to share the proprietary processes they stole from us.
>>519526839what part of stating how things are does not mean i support it dont you understand? holy shit its like talking to a brick wall.I dont accept is as a forgone cloclusion, i dont support the way its done. But it is what it fucking is lmao. Money IS debt. Maybe money shouldnt be debt, but currently it is.That simple, i dont get why you're having such a hard time with this >money is VALUE ITSELF for you, rather than being a tool to exchange valuei never said such thing. You think when i say money is debt that its my ideology or something, when im simply stating how thing are. Holy shit lmao
>>519527031That's exactly what I meant. Now can you please answer my questions?
>>519527031no you paid them to do it because china actually has a workforce and it's obvious it's infinitely hard to refine them in the west or you'd already be doing it instead of crying about it on twitter
>>519526934<<<<-----$328 TRILLION in total activity of treasury issue and redemption transactions for just FY 2025>that's a lot of fucking transaction fees to the Fed, the US Treasury's fiscal agent
>>519526839when you say>money is thisyou really mean>money SHOULD be thisis there a problem in your brain or something? what things should be and what things are, are completely different
>>519527199Due to inflation
>>519527045you think money is value, it isn'ti'm done with this topic
>>519513532>the national debt...>...of israel
>>519527249Deflation and inflation and other economic terms are FUCKING MEANINGLESS when one class of persons HAS FIRST ACCESS TO and IS BEING PAID FOR the issuance of any newly-created currency. Money does not mean the same thing or have the same scarcity (or have the same value) for all persons in the economy. As some do not earn their money (via real productivity), money is more liquid and less valuable for them, as they have exclusive first-access to the newly-issued currency and they also decide TO WHOM it is allocated via our current debt-based NYFed primary dealer financial system.As long as we have a cartel of private banks getting paid to issue the currency, the FEDERAL RESERVE NOTE will lose EVEN MORE value for those of us that truly do earn it via productivity.
>>519527256i never said such thing, i said money is debt
>>519514838>A lot of the national debt is bullshit. Stopping issuing your own debt with interest would create a good starting point to pay off existing bonds.but that would mean ENDING THE FED!
Why not just take the taxes from each individual to pay for that individual's retirement that way no one can drain the system of money they didn't pay in hahaha
>>519527336And who issues and redeems treasuries?
>>519527232<<-----and kek, too>oh no, not the dreaded GDP bonds
>>519516033Zeitgeist promotes Communist agenda MMT instead.>>519515770All currency is debt-based. You're trading green paper for real goods and services.That green paper is merely an IOU, that someone else can then use for real goods and services.The only way to avoid debt is with literal barter and trade.>>519515479False. Central banks can, infact, purchase private debt instead of public debt.That's literally what QE is.Also, there is always the Friedman option "helicopters full of cash."
>>519515275this has to be bait, it's so tasty
>>519513532literally the only thing zion don can do is steal our money and give it to israel. he is a blackmailed moron.
>>519527336you dont listen to what anyone says, you just want to spam your fed folder like you do to shit up every thread about the nature of money. You always do the same i been here for years
>>519527473the fucking Fed as the treasury's fiscal agentmostly the NYFedthe Fed has metastasized into all of these govt agenciesmission creep
>>519527475This would actually be really fucking funny. Imagine if all sorts of corrupt fucks were being vanned silently right now and their money reclaimed back.
>>519527475What's funny about tariff revenue is that it must result in people becoming poorer because of higher costs or manufacturing developing in the US or other trade partners to replace Chinese goods.But manufacturing has been in recession in the US since 2022 and the US has been losing manufacturing jobs all year.So the US is just going to turn India into the next China or get poorer. Or they will give up.
>>519527502nofiat is a tool, this is not a fucking novel idea jfcremember, a strong NATIONAL currency HAS MANY FORMS, never just one (fiat paper, metal, digital, check, money order, smart contracts, NFTs…)if one wants real change and a strong national currency, there must be multiple forms of a currency, not just one 'savior' form, as is being proposed now with tokenized debt-backed stablecoins'fiat' isn't the problemWHO IS ISSUING the 'fiat' IS THE PROBLEM and that the Fed's private fiat IS INTEREST-BEARING is the fucking problemFIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCEFIAT, DEBT-BASED, USURIOUS, INTEREST-BEARING FEDERAL RESERVE NOTES ARE FUCKING BORROWED FROM THE PRIVATELY-INCORPORATED NY FEDERAL RESERVE FRANCHISE AND ONLY ENRICH THE NYFED’S PRIMARY DEALERS AND THEIR CRONY/POLITICAL ILK AND ENSLAVE THE POPULATION IN BOND DEBT Fiat is given value BY A NATION'S CITIZENS.If the nation's treasury is the one issuing it, fiat is not a problem.
>>519527502There is a difference though:If currency is debt based in that it represents an amount of gold (or anything really) kept in safe...... it is completely different from what we have now...... that currency is digitally created from thin air with next to no checks and injected to the economy as well as a promise to pay it plus interest.So not all money or currency is debt based. In the same way, at least.
>>519527562So that explains why the activity is so high. It keeps growing because of inflation. They have access to most of the new funds.
>>519513532Considering the amount of shit going on I can say with confidence that the war between Russia and Ukraine is about to end.
>>519527679There you go again. The anon is simply telling you how the system works and you sperg with how you think the system SHOULD work. Its impossible to talk with you
>>519513532Usurious loans can't be paid off. That's the point.
>>519527677You're operating under the assumption that manufacturing costs can't change. Manufacturing in the US is expensive because there's so relatively little of it compared to China. Tariffs incentivise bringing manufacturing infrastructure back to the US, which in the long term will lower the cost of manufacturing in the US. Not only that but it'll great increase US national security because they won't be relying on backdoored Chinese goods anymore.Stop expecting things to become good overnight.
>>519527679>FIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCEIt would be an improvement over what you / we have now but being fiat it would all devalue almost instantly. This system is kept afloat in my opinion in no small part because it can offer a sort of impression that the money is still valuable via its many tricks.Fiat is shit.Precious metals rule.
>>519527557A lot of it is good information, but yeah it's really excessive, especially when it's preaching to the choir and half the posts contain walls of texts that nobody is going to read.It doesn't help that predictions of economic collapse coming from this kind of information never bears out, reinforcing that it's somewhat irrelevant.
>>519513532Be easier to just kill the bankers and have the country issue its own currency but you're not ready for the conversation
>>519527764yes most of the treasuires are rolled over (really over ~$20T in US auctions annually, but only $2T or $3T is new issuance-this is what they latch onto)<<<——-this is just for 2022, 2023 is just as badthese Cash Management Bills (aka CMBs) were only rarely used (except around 2008), maybe three or four times a year or lessthey were announced in a notice by themselvesthey were considered emergenciesand what makes these even worse is only the institutional rich can purchase them, so they just increase the inequality and the inflation and give this money to the 2008 failures (now on QE steroids) that are in charge now It has been like this since Feb 2020
>>519527969i think he's confusing people on purpose. It is a confusing subject to begin with (albeit very simple once yoo strip it of all the economist jargon). Also he replies with walls of text really fast makes me think he's just copy pasting or some kind of bot that reacts to key words
He’s not actually going to do it, but he will say that he did it and that will be good enough for 100% of the retards that believe everything he says.
>>519528077A common Marxist tactic in online debates is to reply with giant walls of text and declare victory if your opponent doesn't read them.
>>519513532He could pay it off faster by cutting Social Security, Medicare, and Medicaid
an older example to anons of the enormous treasury issuance every month:The NYFed and Yellen were quietly bankrupting the country and Bessent is not issuing any less. The more debt-based treasuries issued/sold, the more they increase the US debt and bankrupt the nation.$2.523 TRILLION in US Treasuries were issued in JUST JANUARY 2024 alone:CASH MANAGEMENT BILLS (pic rel as example for source)6 week $363 BBILLS4 week $403 B8 week $416 B13 week $295 B17 week $287 B26 week $268 B364 day $48 BNOTES2 year $59 B3 year $105 B5 year $60 B7 year $40 B10 year $78 BBONDS20 year $12 B30 year $45 BFLOATING RATE NOTES2 year $27 BTIPS10 year $17 BTOTAL for currency borrowed/treasuries issued in January : $2.523 TRILLIONWe are now issuing treasuries to pay interest on treasuries.We can no longer afford the Federal Reserve Note or the NYFed's securities casino.Also added up the US Debt/currency issuance for February (~$2.335 T), March (~$2.133 Trillion), April (~$2.192 Trillion), and May (~$2.262 Trillion).
>>519527866Manufacture is costly in the USA vis a vis China because US employees don't accept Chink tier pay.Fuck you dumbass.
Trump and his economic advisor, Miran, are suggesting to circumvent #2 in pic rel with forwards (futures for treasuries).They are trying to make it so the US can sell its gold without paying down the debt.Miran and Trump want for the major debt holders to swap their short term bills and notes for 100-year bonds, they want to indebt Americans for the next century to the Fed (ultimately via debt-backed tokens of these treasuries (aka securities)).
>>519513783Correct, any faggot who doesn't understand the Federal Reserve scam shouldn't be posting here and needs to go back to r*ddit. The national debt is MATHEMATICALLY IMPOSSIBLE TO PAY OFF. The same way you can't become debt free by using credit cards to pay off other credit cards. knowledge of this FACT is the core reason people stack gold and silver. The USD will collapse some day. It's impossible for it not to. Politicians who claim they can pay off the debt, or even remove the need to increase the debt ceiling, are blowing smoke up your ass.
>>519528210You're grossly underestimating what Chinks are paid these days. Not only that but Chinks are nowhere near as productive as whites. A white on higher pay is better for a company than a scrawny weak Chink who makes constant mistakes.
>>519527866But its not coming back to the US. Its in recession still. It would take years to come back and would take too much economic concession to American workers. America has the highest inequality levels since the roaring twenties.So if cuckservative zionists don't want to lose the next two elections to libtards due to the decrease in the standard of living for the next few years than they have to give up or turn India into the next China and continue the current economic trends.
>>519528362>The Federal Reserve Note* will collapse some day.ftfythe dollar is a fucking UNIT kek, it will be around LONG AFTER THE FED IS GONE
>>519528362The scam can go on for centuries if you understand how the system works. There is no ceiling to the debt, no poiint in which you say oh no the usd has collapsed. By all metrics it has already collapsed (99% devaluation since inception) yet here we are running the global economy on dollars. As long as you can keep bullying countries into using it to buy oil, its not going anywhere. Gold merchants play on this fear to sell you their bags though. As many have poitned out, if you are in a situation where you have to spend your gold to survive, you got worse problems ahead than fiat collapse
>>519527100I thought your question was rhetorical.Obviously the reason they're blocking them is because that's leverage that they temporarily have. They built up this temporary advantage, and now they're using it. It's not insurmountable, the biggest obstacle will be NIMBY activists protesting against REE refineries being built in the west.
>>519528395You know nothing about the economy. In the US every shit worker earns 15.000 dollars.In China every shit worker earns 1.500 dollars.Who will offer better production costs?
>>519528210What the fuck do wages have to do with the cost of running robots and assembly lines? Labor is a minor cost for much of china's exports. Outsourcing is more about taxes than labor for most things.
>>519525598>weCanadians can’t even define their own oil and have to ship it to Texas . You won’t refine rare earth metals
>>519527679>Fed's private fiat IS INTEREST-BEARING is the fucking problemDollars are not interest bearing.You will not earn an interest rate from holding dollars.>>519527745Gold standard has upsides and downsides.Yes it protects currency from mismangement to some extent, but it also creates idiosyncratic risk.In particular, it encourages money printing in the form of mining, and major innovations could destabilize a currency entirely.For example, when Columbus discovered the New World, there was massive inflation in Europe due to precious metal discovery.It also makes gold more expensive to use for its intrinsic value in scientific purposes and industrial applications.Theoretically, a cryptocurrency is a better option.
>>519527161>no you paid them to do it because china actually has a workforceYes. Getting them to do it was eminently profitable and let us export all the pollution to their country. >and it's obvious it's infinitely hard to refine them in the west or you'd already be doing it instead of crying about it on twitterIt's not "infinitely hard to refine them". It's more complicated and messy than refining base metals, but we have the scientific know how to do it. The biggest obstacle is our freedom, because people are allowed to protest and stonewall development of resource projects. We respect the "not in my back yard" (NIMBY) karens instead of throwing them into reeducation camps..
>>519528671Chinks get by on lower wages because products are much cheaper over there. If products were made cheaper in the US because of a manufacturing boom US workers wouldn't need sky high wages in the first place. It's not about how much money you earn, it's about how much spending power you have.
>>519528656But you think this temporary advantage is meaningless, correct?
>>519528960lmao you havent seen chinese factories have you?Of course cost of labor is a big deal. They are exploited in subhuman conditions something no first worlder would tolerate for more than 1 hour.They work 16 hr shift doing non stop menial tasks. Any normal person would go insane in less than a year. Not a chink.
>>519513713By not sending it to Israel.
>>519513752That’s what the zionist bankers do
>>519527161The problem with refining rare earths is not labor. It's pollution.Nobody wants the pollution that comes with refining on the cheap, and cleanup or a cleaner process is extremely expensive.The whole world outsourced their pollution to China. Now they are doing the same to India.
>>519529119Chinks are worked hard to compensate for how poorly run their factories are.>OOOHHHH XIAO YOU SPIRRED GARRONS OF CHEMICARRS AGAIN NOW YOU WIRR SPEND HOURS CREANING IT UP!!!A white worker simply wouldn't have made the mistake. When you see videos of accidents in Chinese factories they aren't happening because those factories are inherently unsafe, but because Chinks are stupid and accident prone. Whites aren't.
Bro just print more money. Ez.
>>519517173You mean israel
>>519513532>If I bankrupt the populace with prices hikes I can pay off our debtsAmerican accounting is layers of delusion.
>>519529261and yet manufacturing is done in Asia. go figure
>>519529076Again, you know nothing about the economy.And the worse part is you don't want to learn. The Chinks simply don't have a comparable supply of money per inhabitant to the US, via salary or whatever else.Meaning that in order for that all is equal idea you seem to champion you'd either to lower the Amerimutts to the Chink's level or raise the Chink's level to the Amerimutts.And generally the powers that be don't "lower" the prices. Especially in high earning and influent countries like the US.They just correct any imbalance via inflation while stagnating the earnings.But that would only make the average American even richer in comparison to the average Chink.And things would be much more costly in murica than in ling ling land.
>>519528960Do you think everything is automated with robots?America has 12 million manufacturing jobs; China has 112 million
>>519529261Then you wouldn't be using them, m8Just like you wouldn't be using dumb pajeets to deliver your goyslopYet you do
>>519528980>Dollars are not interest bearing.they are at tier 2 commercial banksdollars (CiC) do not earn interest at a central bank as seen in this image >>519516198 when i said the Fed's private fiat is interest bearing is because it is fucking issued and introduced into the economy via debt auctions, DEBT AUCTIONS THAT DO EARN INTEREST
>>519513532Wouldn't that require keeping the tariff income stable or increasing? So he wants to keep manufacturing out of America?
>>519528960Yeah, you know nothing.Labour is exactly what makes manufacture in America impossible.Labour and the high price of everything vis a vis the rest of the world.Therefore is cheaper and more profitable to open shop in China, India or Mexico than in the US.Because the US can't compete at all.
>>519529449What is there to figure? Asia has all of the manufacturing infrastructure already in place. So how do we incentivise building infrastructure in the west in your eyes?>>519529494You stupid fuck. Having $10 and a bag of rice costing $10, and having $1 and a bag of rice costing $1 are the same fucking thing.
>>519528979"we" as in the west, ie America. Canada can neither transport our oil in Alberta to our refineries in eastern Canada, nor transport it to Pacific ports because we let daddy America dictate our policy and infrastructure projects with performative anti-pipeline protests they fund. Even the Canada-US Keystone XL pipeline was stonewalled by protests funded by Warren Buffet who invested in rail and was making a killing on the inefficient transport of crude via rail.Canada is more of an economic zone than a country, and our economy is little better than African countries that only export raw minerals and agricultural products. FFS they mine gypsum used for making drywall near me, and it's cheaper for me to drive to the US to buy the drywall than it is to buy it here. We're a 3rd world economy that doesn't add any value to the resources we produce.
>>519528980>muh mining>Muh potential innovations>muh Colombus and the discovery of AmericaThere is no downside to a gold (and silver) standard.>Muh cryptoDamn, that's dumb. I didn't expect this coming from you, anon.
>>519529646>You stupid fuck. Having $10 and a bag of rice costing $10, and having $1 and a bag of rice costing $1 are the same fucking thing.And how does that relate to industry and production?Now you want to open a factory to make a rice derived sweet.Where will you open it? Where the bag of rice costs 10 dollars or where it costs one?Again, you know nothing about the economy, and you don't care to learn.
>>519529646Why did you build it up there in the first place? Greed.In 20 years your son will be arguing that you need to use Indians to do all your plumbing and IT because they're already in Britain and they're already trained.
>>51952972899% of the gold on Earth is inside the core.That means if we ever get there, the supply of gold will 100x.Also asteroid mining has been a major concern for some time.Both of these scenarios are similar to quantum risk to Bitcoin.
>>519528980>a cryptocurrency is a better option.neverCrypto and the IRS where did you get it and what did you pay?what did you buy with it and who did you pay and what was it worth at that point in time?do you have crypto that is laying idle, how long was it idle and what was that worth when you bought it and where did you get it?fucking kekthis is the VERY FUCKING OPPOSITE of the anonymity expected in a decentralized blockchainboomers just spent decades crying about the planet and now want the most expensive infrastructure, energy intensive, water-using, elitist possible currency they can come up with
>>519529646All production was moved there for good reason: no enviromental laws, no work safety laws, no minimum income laws, etc etc. The oonly way you can bring manufacturing back to the west is with huge, and i mean HUGE investment in automation/robotics and we're decades from it being viable. Its simply cheaper to have modern slaves.People romanticize back breaking labor on this board . They forget why we pay poor people to do this kind of work. No westerner wants to work it. >>519529546As this anon stated-. you dont have to pay ranjesh to deliver your food, but you do. Cause westerners be like that
>>519529834>And how does that relate to industry and production?You in >>519528671:>In the US every shit worker earns 15.000 dollars.>In China every shit worker earns 1.500 dollars.>Who will offer better production costs?>>519529877>Why did you build it up there in the first place?Because China loss lead and incentivised it being built there. Now that it's all built up they can rape the US for all its worth unless the US bites the bullet and takes the economic hit to bring it back home. And that's before even touching on the national security threat of China controlling goods in the US.
>>519529925Those are memes.And yet this is the best you can come up with against the gold standard or precious metals.This should make you think.
>>519529981>All production was moved there for good reason: no enviromental laws, no work safety laws, no minimum income laws, etc etcThe reason China didn't have those laws was so they could incentivise the US bringing its production to China. Chinese citizens were hurt by those decisions the same way US citizens would be hurt by tariffs attempting to bring manufacturing back home.Also minimum wage laws are a fucking meme that don't hold up to debate. Denmark doesn't even have them. Most people in the west are paid more than the legal minimum. Why is that?
>>519529981>People romanticize back breaking labor on this boardlazy skimmers (rich and poor) dread real price discoveryeveryone is going to have to be more hardy
>>519530028>>519529728>muh mining>Muh potential innovationsThe cancer known as California is a direct consequence of the Gold Standard and the Gold Rush.That's a pretty compelling argument against Gold if you ask me.
>>519513783Stop giving our money to foreigners, nigger welfare queens, and boomers to put more gas into their new F-150s and it's entirely possible.
>>519530015Yeah, I give up anon...
>>519530299How on earth?I'd like to hear you expand on that.What the flying fuck... did you know the gold rush was in the 1840s or 1850s?Did you know up to the 1980s California was a paradise on Earth?
>>519530158of course it was the only way they could really industrialize. > minimum wage laws are a fucking memeare they though? you realize without them its a race to the bottom? companies will abuse it. there will always be some desperate fag willing to work for less, until you're all slaves>Denmark doesn't even have themthere is probably a sense of community, ie its not a souless corporate hellscape. So there is no need. They pay a fair wage.>Most people in the west are paid more than the legal minimum. Why is that?we value some dignity
>>519530439I accept your concession.
>>519530534>are they though? you realize without them its a race to the bottom? companies will abuse itDidn't you read my post? Denmark doesn't have minimum wage laws and wannabe gommies praise Scandinavia.And again I'll ask you why most people in the west are paid above minimum wage. If employers pay as little as legally possible why would they pay ANYONE more than the minimum wage? The world disagrees with you but you're just ignoring it.
>>519530571Whatever.Let me just reiterate in the most friendly of manners that you should really really really read a bit more on the topic. Be well.
>>519530533Those that migrated to California self-selected.They are hippie types.America in general is full of cavalier/free-spirited/outlaws from Europe.If you do that twice, you get a Caliwali hippie faggot.It's not a coincidence. That's why the "left coast" is fucking insane.
>>519530652danish are white people, they probably care for each other so they dont need to enact anti exploitation laws, cause its not in their nature to exploit each other unlike you anglos.> would they pay ANYONE more than the minimum wage?to incentivize not doing the bare minimum? you realize the less you pay people the shittier work they'll do? i hate you lolberts, you are truly subhuman
>>519530534Denmark (and other Euro countries) don't have an overall minimum wage law.But the various workers in the different areas get together with their bosses and decide what becomes the minimum wage in a given sector or profession.It's a superior system to the minimum wage laws because normally (without immigrants) different professions compete for the workers by raising the pay and professions who don't pay well enough get discarded by the workers. Here though we have the most retarded system of minimum wage laws:It's dictated by the government with the explicit goal of "approaching" the minimum wage to the average wage.Many common man professions earned two or even three minimum wages 10 or 20 years ago and now earn 10 or 20% above the minimum wage.Also 80% of our old pensionists earn less than the minimum wage because>sorry, you old farts don't get raises and the minimum wage must raise 10% every two years or else we don't win electionsSorry for the blog post.
>>519530816You run on memes.You don't care about the truth.
>>519523752>China will have paid off the entire national debtWRONGAmericans pay for tariffs. They are essentially an import tax paid for by Americans.He's saying he wants to pay the national debt by taxing it out of the American people.Besides, tariffs don't work anyway and we've known this. Trump isn't some genius for doing something nobody else did. He's a moron and trickster, who's doing something we learned was a bad idea and selling it to you as a good idea. Are you really going to let him trick you? Will you let him make you the fool? Again?!?https://www.youtube.com/watch?v=yuOHbyuanbY
>>519525598The USA wants to keep strategic reserves of everything. Not to mention the environmental costs. Curious how Trump will deal with the counter-goals>Manufacture in America to reduce dependence on foreigners>Use the strong USD to ‘export’ environmental manufacturing problems, keep a strong mineral reserve in the USAKnowing Trump he will just ignore that these goals are mutually exclusive and then he will tweet a lie about how he can do both
>>519530843>you realize the less you pay people the shittier work they'll do?Okay so now you're the one arguing against the need for a minimum wage.
>>519530954Tariffs are paid by both sides because a 100% tariff on Chinese imports will drop US demand through the fucking floor, in turn devastating Chinese manufacturing.
>>519530884it really goes over most people head. The concept of paying workers a decent living. Happy workers make better workers -> quality of life in country increases. But no, companies should max profit and be taxed less, thats what they believe. They should be able to pay as little possible to their workers. Then they wonder why nobody wants to work these days
>>519529119>>519529495>>519529581https://m.youtube.com/@sciencechannelGo watch some "how its made" retards. There are pleny of manufacturing processes that have little more human involvement than final inspections and some very expensive tooling. Yet those factories are still in China right alongside the sweatshops where little kids make nikes. Why are automation heavy processes also outsourced to China? Certainly not the cost of labor. Are you going to tell me that labor is the deciding factor in a steel mill where a handfull of workers handle hundreds of tons of molten steel with cranes and burn enough coal to feed the auschwitz crematorium? Those industries moved to China because the CCP wanted them there and created favorable conditions for them while our government also wanted them in China. Kissinger called it "interdependence" it's the same reason the wholly American invented microelectronics industry was broken up and scattered across the entire planet.
>>519531114I highly suspect that you're unemployed and quite young.
>>519531172look i know you want to go back to xix century with children workin the coal mines like the fat small business owner you probably are, but those times are gone, cope & seethe
>>519531128>Those industries moved to China because the CCP wanted them there and created favorable conditions for them while our government also wanted them in China. Kissinger called it "interdependence" it's the same reason the wholly American invented microelectronics industry was broken up and scattered across the entire planet.Alright.Still offering less production costs is still a bonus to any country. And China has a massiva advantage on that front in comparison with the United States.
>>519530944It's absolutely 100% true. California was always faggotry.Case in point: they joined the Union, not the Confederacy.Here's another: do you know why Hollywood is in California? It's because their state government policy was to not enforce federal law protecting Thomas Edison's patents.Sound familiar? Sanctuary state?Where does gold fit in with this, you might ask?Well the gold rush ultimately financed these faggots moving westward.And the effects of the gold standard would mean that their migration has opportunity cost, and therefore stole from opportunities on the East Coast and Midwest.
well this was a good threadgood day anons see you next time
>>519531287Strawman argument. Do better. All I'm arguing is that in the short term the tariffs will be painful but they incentivise bringing manufacturing infrastructure back to the west which will have huge benefits in the long run.
>>519531128interdependence, so that no country gains too much power on its own and steamrolls the rest. China depends on the west. The west depends on China. Its a prelude to a global government.Elites know exactly what they're doing
>>519531337>China has a massiva advantage15 postsThis faggot with portugeuse flag is a well known CCP shill
>>519531110>devastating Chinese manufacturing.Please think this through. If China stops manufacturing, or even if the US stops importing, how then does that decrease the debt? With no goods to import there will be no tariffs/taxes on those goods. So no money? No decrease in debt. Seriously, you think torpedoing a foreign nations economy somehow makes you richer?!? How?! It's just fruitless labor. Go bang some rocks together if you want to waste time pointlessly destroying stuff.
>>519531470all you'll get is more third worlders in your own land doing those shit jobs. But hey, at least factories will be in the west right
>>519525530>not indian, jewish, fat, ugly, old, young, poor, uneducated, resentful, communist, disenfranchised or any of the irrelevant, sad derailment topics you choose lol73 posts by this faggot
>>519531550Somewhere along the line we'll kill all of the Jews the money is owed to and will be back to zero debt.
>>519513532Do it
>>519517553We'd need more than 1
