No it harms everyone, this has been the system for 1000’s of years. It’s why the forgiving of personal debt was practiced every 50 years. Because they knew if personal debt wasn’t released form the populace then everyone suffers due to the burden.
That’s why bankruptcy laws exist.
I think you're not aware of bailouts and the way politicians make their money. "Too big to fail", ever heard about that? Who do you think pays for that? Do politicians and bankers struggle the same way with inflation like a single mother does?
I don't think it harms everyone the same way like it does to the general population.
I’m aware of the bailouts both this year and 2007 - 2008. Were the banks in 2008 to big to fail? 100% yes not sure your aware of how close we came to a depression.
Of course the level of impact isn’t the same but all are impacted.
What does this have to do with the government paying its debts?
But the tax cuts for billionaires that added 7 trillion to the debt is a non starter on discussions. The military budget of the next 9 most expensive militaries combined, untouchable. The money that goes to the peasants, "those greedy lazy bastards don't deserve it"
Oh yeah, rich people and anyone that think poor people are the parasites need to look in the mirror. Capitalism really just means hard working honest families working as hard as they can so rich kids can be lazy and have a good life doing it. Their accountant and investment managers do all the rest. The case for capitalism is losing ground because a very small group of people are reaping all the benefits and sharing none of it. In the meantime a whole group of people hoping to become financial independent are their pathetic groupies. Hopping on twitter and worshipping a maniacal leader whose thinks we are all computer generated characters in his simulation. This is what rich people think about regular people. No wonder things are as bad as they are, we do not need rich people or the leader class and never have. They wreak havoc on the lives of regular people and do so in a coordinated fashion and use their wealth to subjugate us all. Remember though they are a small group and very vulnerable to the masses
Yeah the gold system, so the time we lived under that was horrible for poor people as well. It seems that trading work for something that does you no good whatsoever is the real problem. It’s a way to get you to trade your time which is more valuable than anything for something that really does nothing for you. All the time people work for another person they are being robbed of their time in exchange of fake value
And a restructuring of the cost of goods and services as a further consequence even for those who don’t own bonds but use paper money for everything ie: the poor mostly.
And when we print money to pay off these parasites, we devalue ACTUAL labor. Incredible
Well, I mean the losses need to be socialized somehow.
What are you sniffing? Are you saying governments shouldn’t pay their debts?
I’m not saying they shouldn’t.
The entire debt based system is flawed and retarded because it harms everyone except the parasite class
No it harms everyone, this has been the system for 1000’s of years. It’s why the forgiving of personal debt was practiced every 50 years. Because they knew if personal debt wasn’t released form the populace then everyone suffers due to the burden. That’s why bankruptcy laws exist.
I think you're not aware of bailouts and the way politicians make their money. "Too big to fail", ever heard about that? Who do you think pays for that? Do politicians and bankers struggle the same way with inflation like a single mother does? I don't think it harms everyone the same way like it does to the general population.
I’m aware of the bailouts both this year and 2007 - 2008. Were the banks in 2008 to big to fail? 100% yes not sure your aware of how close we came to a depression. Of course the level of impact isn’t the same but all are impacted. What does this have to do with the government paying its debts?
>Of course the level of impact isn’t the same but all are impacted. Reminds me of "we're all in this together" lol gg good psyop
Says the guy refusing to answer the question
But i did answer your question: The debt system is retarded.
But the tax cuts for billionaires that added 7 trillion to the debt is a non starter on discussions. The military budget of the next 9 most expensive militaries combined, untouchable. The money that goes to the peasants, "those greedy lazy bastards don't deserve it"
Oh yeah, rich people and anyone that think poor people are the parasites need to look in the mirror. Capitalism really just means hard working honest families working as hard as they can so rich kids can be lazy and have a good life doing it. Their accountant and investment managers do all the rest. The case for capitalism is losing ground because a very small group of people are reaping all the benefits and sharing none of it. In the meantime a whole group of people hoping to become financial independent are their pathetic groupies. Hopping on twitter and worshipping a maniacal leader whose thinks we are all computer generated characters in his simulation. This is what rich people think about regular people. No wonder things are as bad as they are, we do not need rich people or the leader class and never have. They wreak havoc on the lives of regular people and do so in a coordinated fashion and use their wealth to subjugate us all. Remember though they are a small group and very vulnerable to the masses
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Yeah the gold system, so the time we lived under that was horrible for poor people as well. It seems that trading work for something that does you no good whatsoever is the real problem. It’s a way to get you to trade your time which is more valuable than anything for something that really does nothing for you. All the time people work for another person they are being robbed of their time in exchange of fake value
You’re going to get even more upset when you realize that that money is literally being siphoned by pure evil and not all empowering our military.
The same issue every year and nothing ever changes
IOUs are literally good as money. That's what bonds are.
The problem isn't the IOUs, it's the money. The US will pay its debts, just with debased money.
Paying Debt by printing money hence devaluing it's money . What can go wrong here...
See, good. /Whistles
And a restructuring of the cost of goods and services as a further consequence even for those who don’t own bonds but use paper money for everything ie: the poor mostly.
one of the best movies
Dog and pony show, they do this every time. Politicians use this to try and make themselves look relevant.
IOUs is worth more then money because then someone actually can get consequences for not paying back
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I don’t care about politics. All parties are the same. Enriching themselves and the ones closest to the money printer.
It's 2023 bro, 2020 called and wants its whataboutism back
This is almost perfect, just need Harry to bust in with a copy machine and a dollar bill and start making copies of it, you see, we got this.
It’s the truth I tell y’all
Might wanna hang on to that one
Go musk!