Does our government have unlimited money. Biden is giving away money like it is candy during his trip to the Middle East.

Yes. We seem to be able to print more money without any serious consequences. The USA is "too big to fail".

People keep predicting that there will be a global economic crash, but it seems like most of the world's governments are in the RED and yet still going...

Marcus Brutus said:

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Our debt to GDP ratio is 130%. We are toast.

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i think your being short sighted here. i mean it's mathematically impossible to repay it so you know what could go wrong.

As long as the world trusts us to pay them and we keep letting politicians put a lien on future generations' prosperity and liberty, yes.

I feel like China is the elephant in the room that nobody notices. They have been trying to replace the dollar as the world's reserve currency for awhile. If that ever happens, i think our economy will be toast.

According to MMT, we do.

Lol. Then cry.

olag2020, is that you?

Yes.

The government is the creator of USD, so yes.

rgleml said:

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I feel like China is the elephant in the room that nobody notices. They have been trying to replace the dollar as the world's reserve currency for awhile. If that ever happens, i think our economy will be toast.

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We'll fortunately that won't ever happen.

Not true - we were told by the Democrats with Pelosi leading the narrative that we do not have it in the budget to be able to afford a border wall ………….. We didn't have 20 Billion

They are throwing around 20 Billion like free candy now

rgleml said:

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Does our government have unlimited money. Biden is giving away money like it is candy during his trip to the Middle East.

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I have it on good authority that ever dollar the govt spends equals $5 in GDP growth. Not sure why we're not spending more.

coolerguy12 said:

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rgleml said:

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Does our government have unlimited money. Biden is giving away money like it is candy during his trip to the Middle East.

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I have it on good authority that ever dollar the govt spends equals $5 in GDP growth. Not sure why we're not spending more.

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$7.20 now because inflation for booming GDP.

Texas needs to create it's own currency now! Create a currency that we own. Something we can start using now. The divorce paperwork should be on the lawyers desk. Let's divide up possessions peacefully and go find a new, younger, hot chick.

I think OP's question is where do the appropriations come from? Who is voting for all this aid that is going to foreign countries?

"Unlimited Funds"

That would work well as the name of a dating/hook-up site.

David Wallace said:

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Yes. We seem to be able to print more money without any serious consequences. The USA is "too big to fail".

People keep predicting that there will be a global economic crash, but it seems like most of the world's governments are in the RED and yet still going...

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10% annual inflation is a pretty serious consequence

Funny, I'm still trying to wrap my head around what authority Biden has to commit all this money. I thought Congress held the purse strings? Did Pelosi and Schumer give Biden a blank checkbook, and if so, under which of the multiple spending bills did they do this?

One of these days, our parents are gonna check the liquor cabinet and realize how watered down all the vodka is.

rgleml said:

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I feel like China is the elephant in the room that nobody notices. They have been trying to replace the dollar as the world's reserve currency for awhile. If that ever happens, i think our economy will be toast.

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Rich Chinese people don't even trust Chinese currency.

MODERN MONETARY THEORY BRO!!

We've had unlimited funds every time a presidency increased the national debt. The only difference between them is what it's going to, not that it's being done.

Unfortunately fiscal issues don't get the feelz going from either side when it comes to picking their guy.

unlimited funds - no

unlimited debt - politicians seem to think so

So, our economy being "toast" looks like what? Imports being expensive? International vacations are too expensive for most? Refocus on staples and necessities?

Are we talking Mad Max or Greece-style "austerity"?

HumpitPuryear said:

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David Wallace said:

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Yes. We seem to be able to print more money without any serious consequences. The USA is "too big to fail".

People keep predicting that there will be a global economic crash, but it seems like most of the world's governments are in the RED and yet still going...

---

10% annual inflation is a pretty serious consequence

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The US is the worlds #1 Economy. We live in a global market. Everyone in the entire world has a vested interest in seeing the top producing nations continue to thrive, produce and consume. That means we all must keep putting value in the paper currencies of the world. Print Print Print...nothing will change.


I don't even know how the "world collapses" at this point. It cant and it wont because we all must continue to produce and consume. As long as there a people willing to work to produce and then to consume the world will keep going. Period. Never-ending.

Repeat Repeat Repeat.

And some people call bitcoin a scam.

rgleml said:

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Does our government have unlimited money. Biden is giving away money like it is candy during his trip to the Middle East.

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They do.


Of course until they don't and that is when **** will get real and we will be lucky to live through it

No mistake the current administration has us on track for lots of pain in the near future

Marcus Brutus said:

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Our debt to GDP ratio is 130%. We are toast.

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And that's just the official National debt. Our unfunded liabilities probably are that much or more.

David Wallace said:

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HumpitPuryear said:

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David Wallace said:

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Yes. We seem to be able to print more money without any serious consequences. The USA is "too big to fail".

People keep predicting that there will be a global economic crash, but it seems like most of the world's governments are in the RED and yet still going...

---

10% annual inflation is a pretty serious consequence

---

The US is the worlds #1 Economy. We live in a global market. Everyone in the entire world has a vested interest in seeing the top producing nations continue to thrive, produce and consume. That means we all must keep putting value in the paper currencies of the world. Print Print Print...nothing will change.


I don't even know how the "world collapses" at this point. It cant and it wont because we all must continue to produce and consume. As long as there a people willing to work to produce and then to consume the world will keep going. Period. Never-ending.

Repeat Repeat Repeat.

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If this is true, then the world has proven that the ground rule of economics - scarcity - is not a thing.

I guess we can halt trying to solving fusion or its equivalent and/or halt space exploration.

Snark aside, you are basically saying that things will continue because they must. They don't have to continue; **** will fail at some point and it won't be pretty. The flaw in your comments people willing to produce. That number is continually decreasing.

Half the people in this country have no vested interest in keeping America going. They pay nothing into the system and many get net positive money out of it. The rest of the world is worse.

Illegals are the cheapest way to stack 100B on pallets to Iran. Liberals need another caravan.

Our government, properly ran, has exactly ZERO dollars.

Marcus Brutus said:

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Our debt to GDP ratio is 130%. We are toast.

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Wait. What if we just print 130% of our GDP in new dollars, and then pay off all our debt with it? Then we will be debt free,

I don't want to exp the kind of adverse event that would precipitate our currency's fall. It would more than a simple administrative error.