Does our government have unlimited money. Biden is giving away money like it is candy during his trip to the Middle East.
Marcus Brutus said:
Our debt to GDP ratio is 130%. We are toast.
rgleml said:
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.
rgleml said:
Does our government have unlimited money. Biden is giving away money like it is candy during his trip to the Middle East.
coolerguy12 said:rgleml said:
Does our government have unlimited money. Biden is giving away money like it is candy during his trip to the Middle East.
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.
David Wallace said:
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...
rgleml said:
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.
HumpitPuryear said:David Wallace said:
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
They do.rgleml said:
Does our government have unlimited money. Biden is giving away money like it is candy during his trip to the Middle East.
Marcus Brutus said:
Our debt to GDP ratio is 130%. We are toast.
If this is true, then the world has proven that the ground rule of economics - scarcity - is not a thing.David Wallace said:HumpitPuryear said:David Wallace said:
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.
Marcus Brutus said:
Our debt to GDP ratio is 130%. We are toast.