American debt

Covertibility said:
The 1:21 mark displays the fastest arm movement in the history of world. I wonder what the real question(s) was(were) and what was doctored.
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Nice catch. That edit is in the MIDDLE of his supposed response to a question. He must have said something absolutely stupid or locked up.
 
engineering said:
Holy crap what a clown show!
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Never like to pay attention to these news policies, adhere to their own trading philosophy, with "0.01 hands "can basically achieve stable profits, the policy impact is difficult to estimate.
 
DaveV said:
You are confusing 2 things.
First you are confusing the Deficit (the amount the government spent minus the amount the government received, in the last year) with the Debt (the total of all the yearly deficits).

Second when politicians say that they have reduced the deficit, you would naturally think that meant that this year the government is spending less than last year. What they mean is that at the beginning of the year, they state the total that they will be spending in the coming year. Then after political pressure, they cut some items from this wish list, and claim that they have reduced the deficit.
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see: post# 29 in the Economics forum thread "Ending the Deficit" started by Zdreg, May12, 2024. This will explain why we sell bonds.
 
piezoe said:
If you want to know why we sell bonds, which creates only "Ersatz" debt, not real debt, read my posts in the economics forum. [post# 29 in the Economics forum thread "Ending the Deficit" started by Zdreg, May12, 2024]
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You can click on share, on the post itself, and copy the link here.
I guess many people will be interested in reading it.
 
engineering said:
I'll try to explain this so simply nearly anyone can understand.

The US borrowing at interest instead of printing money out of thing air in important for two reasons:
1) It creates a disincentive for borrowing. Imagine how reckless our politicians would be without it. (This helps protect the value of the USD)
2) It creates demand for US currency and US debt because investors want that interest.
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%%
Good points ,better than a clown show circus.
No disrespect intended to the elephants.
Wow,1% chance happened;
Asian mom elephant gave birth to twins :caution::caution:JUNE 11,2024 Thailand.
 
engineering said:
I'll try to explain this so simply nearly anyone can understand.

The US borrowing at interest instead of printing money out of thing air in important for two reasons:
1) It creates a disincentive for borrowing. Imagine how reckless our politicians would be without it. (This helps protect the value of the USD)
2) It creates demand for US currency and US debt because investors want that interest.
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We do in fact cover 100% of all deficits with printing. Then later we issue Treasuries in amounts equaling the deficit. This gives the appearance of borrowing. The U.S. in its present reincarnation does not actually borrow so much as a penny. It's impossible for any country to borrow the money they print -- but it is not impossible to make it look like they are borrowing! In actuality, the USA issues ersatz debt; not real debt. We do this for several sound reasons.
 
piezoe said:
It's impossible for any country to borrow the money they print
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This is a ridiculous assertion

As an actual t-bill holder I will confirm that
  1. They took my money
  2. They paid me interest
  3. They returned my principal
That is what borrowing money is.
 
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