Fake asylum seekers are not given automatic approval to stay in the US.
Who the hell allows them to stay in the US?
Fake asylum seekers are causing Inflation
- Thread starter The_hero
- Start date
Fake asylum seekers are not given automatic approval to stay in the US.
Who the hell allows them to stay in the US?
Raising taxes does not causes inflation. Printing money causes inflation.
Also, what is what all these random non-trading topics? Bro, do you even trade?
If you think deeper ,you understand that inflation doesn't exist because we can print more money. Since we print the debt that we owe we don't owe the debt that we owe because we can print what we owe.
You're so full of shit. None of that is grounded in reality. Half of what you accuse me of saying isn't even close to what I said.
There's people who are trying to get here LEGALLY and can't do it. They try to come in the proper way and have to wait YEARS.
Why don't you ever admit to any drawbacks? They MIGHT (who knows) pay taxes. They're going to have to be on government subsidies for a long period of time. Allowing 10 million migrants to flood across the border is going to burden an already overwhelmed healthcare system. Rent prices are continually going up due to lack of housing. Hotel fees are up. Food is up. Do you understand how this works??? Democrats had to import 10 million people because they are going to get crushed in an election. They have no interest in a democracy.
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If their skills are needed, they wait months, maybe.
Needed skills are soaked up by Fortune 100 companies.
They pay the H1B fees.
Point being, most of these immigrants have zero to no skills that are critical.
h1b... franklin & armfield pfof
How long have you known me?
Good. Your post warms my heart. Indeed, we actually cover all our nations deficits (i.e.,Treasury checks that would otherwise "bounce") by printing new money. Then, later, the Treasury auctions off securities in face amounts matching the new money printed and spent into the economy. Thus, when primary dealers, and ordinary citizens via Treasury Direct, buy these newly issued Securities they are returning to the Treasury the new money previously spent into the economy and leaving in is place highly liquid, Treasury securities. Treasuries, even though we may treat them as a form of money, are not part of the money supply!
The MMT economists treat Treasury securities as just another form of money, albeit an interest paying form. Since treasury securities are not part of the money supply, the net of the deficit spending process --- money printing>spending>securities auction --- leaves the money supply in the private sector unchanged (remember, Treasury's are not part of the money supply even though Treasuries are a form of money!). It is as though the government bought private sector assets using Treasury securities; thus money printing due to deficit spending is not going to be a direct cause of inflation, at least not via direct expansion of the money supply. Nevertheless government acquisition does increase demand for private sector assets which could be inflationary under some circumstances. Such a circumstance might occur if the government competes for labor into a full employment economy. Think, for example, massive government infrastructure spending requiring lots of labor when labor is in short supply. We have to remember that the government is not money limited unless it chooses to be money limited. So government spending can have a price-setting affect, i.e., the price of something can be set by what the government will pay.
The Securities auctioned by the Treasury become a tool of the Central Bank. When the Fed wants to increase Bank reserves or Bank deposits it can purchase* Treasury securities on the secondary market. This replaces the securities on private sector ledgers with notational money. The Fed doesn't buy Treasuries directly from the Treasury because this would cause the transactions to register in government accounts at the Fed, whereas the Fed's goal is to have these transactions register in private sector Bank accounts.
Treasury securities have many important purposes, e.g., they are a primary tool of the Central Bank, an interest paying store of money particularly useful in foreign exchange reserve accounts, etc. Needless to say, the raising of money to allow deficit spending is NOT one of their purposes.
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*To explain where the money for Fed purchases of securities comes from is too involved to explain here, but there is no net additional printing of money when the Fed purchases securities. (It helps if you recognize that the Fed and Treasury are both part of the Government's overall money operation made to look, via legislation, as though they are completely separate operations. ( Of course, those who can't get past the crazy notion that the Fed is a private for profit Banking operation, will never be able to correctly understand Treasury and Central Bank operations.) One of the misunderstandings I see habitually crop up on ET is the belief, by nearly everyone, that the Fed determines how much money to print. This is wrong. Congress determines this when the levels of taxing and spending are set. The Fed simply acts as Congress's agent the way your home printer acts as you agent. The Fed does determine, however, what form money will take in the private sector economy --- transactional money and Treasury securities should be understood as two different, interchangeable forms of money. The Fed also determines interest rates, some directly; some indirectly.
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Unless those printed $ are held by foreigners, foreign gov. They can use and are using them to buy stocks in US companies, US real estates, farmlands... Eventually they will own us if we keep printing and sending them overseas.
Foreign farmland ownership has increased, both in the US and Canada. One of the largest US pork producers/processors is already Chinese owned....