I love math and the numbers don't lie. USD loses 98%+ of its buying power every 100 years. This isn't a conspiracy. Is this OK with you?
It's a coordinated devaluation. Euro and Japan are racing to the bottom while they're printing out more debt. China's debt is ghastly as well. We haven't seen debt/gdp ratios for developed economies like these since a hundred years ago. I'd say maybe India's debt isn't that bad, but India has never gotten its act together and it's a case of seeing a stronger internationally coupled economy than believing it.
Of course I'm okay with it. That's what has allowed billions around the world to come out of poverty and has made flourish. The world has less poverty and less hunger than at any other point. The idea that debt is bad is bs. As long as dollar is the world's reserve its effin stupid not to have massive deficits. As long as you are growing healthy it is effin dumb Not To have deficits.
Yeah governments around the world tried the austerity stuff out of the Great recession and we had a lost decade. Look at the response to covid and how quick unemployment and gdp rebounded at record levels. Deficits are good if they're being spent the right way.
College LOANS are more affordable. College itself is not. College used to be affordable enough where loans were not necessary.
Under the new plan they are capping the rate at which universities can increase tuition as well. That's what their trying to do. Curb tuition as well as the loans.
LOL Currency debasement is one of the biggest causes of human suffering and misery, second perhaps only to disease. You need to bone up on some history.
Totally different situations before the era of central bank. You have no idea what YOU'RE talking about. Are you saying that the standard of living hasn't gone up recently? Are you serious right now?
Imagine being so concerned with income inequality and poverty and yet thinking currency debasement is a good thing. Rofl.
If you control the printing and federal bank of course it can be manipulated to do good. Obviously I wouldn't wanna be the Europeans who have negative interest rates for years. You're not getting how the central bank. You're clueless
The federal reserve should have a banking system that allows free interest rate loans to qualifying Americans automatically. I don't think we need commercial banks and their a tax on Americans. Every America should have a bank account at the fed with 0 fees and free loans for good credit folks. Banks a scam. The federal reserve could extend credit lines to tribes, local government and other municipalities
Ffs. Now you are advocating high risk people be given interest free loans. What do you think GFC was about? Anyone could get a house. What do you think happened? Home prices went through the roof. You do understand banks are the root of money creation? What poor people need is a place they can save money without it constantly being debased.
Need to work on your reading comprehension skills buddy... "free loans for good credit folks" "that allows free interest rate loans to qualifying Americans automatically."
I ain’t Blackrock and I’ve done well investing my money. If you are someone entitled and stubborn, I can see how you’d be upset with your savings.
What kind of nonsense comment is this? It requires zero conspiratorial thinking to realize that the USD has been getting undermined.
