Same old scaremongering about hyperinflation. Been hearing this for decades. It’s dogwhistle racism. Somehow public infrastructure and welfare are inflationary, but shoveling money at billionaires isn’t.
No where in the last decade has the fed printed 30% of all Dollars in existence. Tell yourself whatever lullaby you want to hear to sleep at night, but the US and the Dollar is unquestionably fucked.
China is literally decreasing its purchase of US Treasury debt as we speak. So you should know as a proud defecit spending country, we actually need people to buy that debt so our system doesn’t collapse.
Every economic indicator is flashing red whether you’re paying attention to it or not. Denying these clear facts as hyberbole is just proof of how you were propaganda’d into letting everything become so completely cooked that you’re now in ignorant denial that it’s hot.
But it makes a hell of a difference to any country whose debt China is no longer buying.
Especially if that country has a budget always in the negative like the US.
How about we just check back here in a year to see how much one of us is wrong? Because I’m sure by then you’ll be caring a lot more about how little of our debt China is then buying.
Who cares if China buys US bonds? Or doesn’t? The US has a fiat currency so it doesn’t have to issue bonds to fund spending, unlike states like California or Portugal.
If you want to solve the deficit without increasing inflation, tax the rich. They seem perpetually worried about inflation and can afford higher taxes.
But government spending is private saving, so I’m not sure why you want to trim government spending. It always leads to a crash. Look at Clinton’s surplus and the dot-com meltdown.
Here is the first AI result:
(bold emphasis is mine)
Fiat currency is a government-issued currency not backed by a physical commodity (like gold) but by the issuing government’s credibility.
Governments can issue debt (bonds) to finance spending, and this debt is typically denominated in the nation’s fiat currency.
The ability to create and manage fiat currency gives governments flexibility in responding to economic needs and influencing monetary policy.
However, excessive debt can lead to concerns about the government’s ability to repay, potentially eroding trust in the currency and leading to inflation or devaluation.
Inflationary effects:
Increased government spending, especially when financed by printing more fiat money, can lead to inflation if the money supply grows faster than the economy’s production of goods and services.
Inflation risks:
Excessive reliance on debt and monetization (printing money to finance debt) can lead to inflation or hyperinflation, eroding the currency’s purchasing power.
If you have a source stating anything close to what you’ve been saying instead, nows the time to use it. Otherwise, you are objectively wrong, and above is the proof.
Followed by the fact Moodys just downgraded the US’s credit rating for the first time ever:
(And Clinton’s surplus is the crash you want to focus on? Really? Anything else maybe happen around that time in 2001 to cause that market issue instead? Maybe something in September you were never supposed to forget if you are an actual American?)
And what are we currently printing money for again? I don’t say it’s wellfare programs. Funding for safety net programs will almost by definition be infinitely less than what the govt dedicates to defense contractors, to conflate that is to perpetute what you think is a dogwhistle to keep social spending limited at best. Regardless what money is ‘printed for’ it still adds to the tab the same across the board. Take COVID spending, we really did not decrease say defense spending accordingly, so that did absorb some of the inflationary money injected into the economy.
Same old scaremongering about hyperinflation. Been hearing this for decades. It’s dogwhistle racism. Somehow public infrastructure and welfare are inflationary, but shoveling money at billionaires isn’t.
No where in the last decade has the fed printed 30% of all Dollars in existence. Tell yourself whatever lullaby you want to hear to sleep at night, but the US and the Dollar is unquestionably fucked.
China is literally decreasing its purchase of US Treasury debt as we speak. So you should know as a proud defecit spending country, we actually need people to buy that debt so our system doesn’t collapse.
Every economic indicator is flashing red whether you’re paying attention to it or not. Denying these clear facts as hyberbole is just proof of how you were propaganda’d into letting everything become so completely cooked that you’re now in ignorant denial that it’s hot.
Just a bunch of nonsense. I couldn’t care less if China wants to park its dollars in treasuries or not. It makes no difference.
It makes no difference to you. To be very clear.
But it makes a hell of a difference to any country whose debt China is no longer buying.
Especially if that country has a budget always in the negative like the US.
How about we just check back here in a year to see how much one of us is wrong? Because I’m sure by then you’ll be caring a lot more about how little of our debt China is then buying.
Who cares if China buys US bonds? Or doesn’t? The US has a fiat currency so it doesn’t have to issue bonds to fund spending, unlike states like California or Portugal.
If you want to solve the deficit without increasing inflation, tax the rich. They seem perpetually worried about inflation and can afford higher taxes.
But government spending is private saving, so I’m not sure why you want to trim government spending. It always leads to a crash. Look at Clinton’s surplus and the dot-com meltdown.
If you Google:
“fiat currency debt spending”
Here is the first AI result: (bold emphasis is mine)
If you have a source stating anything close to what you’ve been saying instead, nows the time to use it. Otherwise, you are objectively wrong, and above is the proof.
Followed by the fact Moodys just downgraded the US’s credit rating for the first time ever:
https://www.reuters.com/world/us/moodys-downgrade-intensifies-investor-worry-about-us-fiscal-path-2025-05-18/
(And Clinton’s surplus is the crash you want to focus on? Really? Anything else maybe happen around that time in 2001 to cause that market issue instead? Maybe something in September you were never supposed to forget if you are an actual American?)
And what are we currently printing money for again? I don’t say it’s wellfare programs. Funding for safety net programs will almost by definition be infinitely less than what the govt dedicates to defense contractors, to conflate that is to perpetute what you think is a dogwhistle to keep social spending limited at best. Regardless what money is ‘printed for’ it still adds to the tab the same across the board. Take COVID spending, we really did not decrease say defense spending accordingly, so that did absorb some of the inflationary money injected into the economy.