Australian Politics Forum - Americans Are Waiting In Breadlines

Karnal

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Re: Americans Are Waiting In Breadlines
Reply #75 - Aug 17^th, 2022 at 5:15pm

Mortdooley wrote on Aug 17^th, 2022 at 12:33am:

Clearly the Federal Reserve Act is unconstitutional. An once of gold will still buy about the same goods as it would 100 years ago, A modern dollar is worth about 2 cents in 1922 dollars thanks to the federal reserve letting our money be debased.

What was Mr Trump's policy on this issue, Mort?

Oh, I remember now.

Quote:

This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default.

https://www.vox.com/2016/5/9/11639292/donald-trump-default-print-money

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Frank

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Re: Americans Are Waiting In Breadlines
Reply #76 - Aug 17^th, 2022 at 6:13pm

Karnal wrote on Aug 17^th, 2022 at 5:15pm:

Mortdooley wrote on Aug 17^th, 2022 at 12:33am:

Clearly the Federal Reserve Act is unconstitutional. An once of gold will still buy about the same goods as it would 100 years ago, A modern dollar is worth about 2 cents in 1922 dollars thanks to the federal reserve letting our money be debased.

What was Mr Trump's policy on this issue, Mort?

Oh, I remember now.

Quote:

This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default.

https://www.vox.com/2016/5/9/11639292/donald-trump-default-print-money

He must have been reading thegreatdivide's mantra on this. MMT, innit.

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Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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thegreatdivide

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Re: Americans Are Waiting In Breadlines
Reply #77 - Aug 18^th, 2022 at 3:39pm

Frank wrote on Aug 17^th, 2022 at 6:13pm:

Karnal wrote on Aug 17^th, 2022 at 5:15pm:

Mortdooley wrote on Aug 17^th, 2022 at 12:33am:

Clearly the Federal Reserve Act is unconstitutional. An once of gold will still buy about the same goods as it would 100 years ago, A modern dollar is worth about 2 cents in 1922 dollars thanks to the federal reserve letting our money be debased.

What was Mr Trump's policy on this issue, Mort?

Oh, I remember now.

Quote:

This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default.

https://www.vox.com/2016/5/9/11639292/donald-trump-default-print-money

He must have been reading thegreatdivide's mantra on this. MMT, innit.

Good to see you learning, Frank.

Meanwhile the Fed is racking up $trillions in debt - to keep capitalism alive (through various calamities like the GFC and the pandemic) - debt which has to be repaid by taxpayers to private financiers....madness.

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