>raise the minimum wage
>now this
Holy shit. He just lost any chance of getting my vote.
>>73527812
I mean, is he fucking wrong?
>>73528087
Confirming that he is a Hillary plant once and for all
>>73528087
Yes. That's basic economics. Money has no value because we don't have a gold standard nor is it backed by anything. It's just paper which the government says is worth something.
Printing more causes inflation which causes prices to go up.
It also adds more debt
>>73527812
>never hearing of the economic A-bomb
>>73528087
I mean, are you fucking stupid?
>>73527812
Congratulations /pol/ this is the idiot to chose.
>>73528087
No.
The dollar is the reserve currency.
Why do you think China wants to fuck that up.
Why do you think Don has a problem with China
>>73528087
kek
One of the last bastions of common sense turns into a pro-tranny, pro-printing money, pro-jew platform thanks to Trump.
>>73528087
Hello Robert Mugabe!
>>73528385
Nevermind that the US has already done this before, right? How do you think the massive consumer and student loan debt bubbles in the US are going to be dealt with? You should know what inflation is good for if you understand "basic economics".
>>73527812
>>73528590
>>73527812
what's the source? he's done with the rallies isn't he?
He's right though. The USA could literally tell the International Jew- errr Bankers to take a cut. Trump would easily sell it as "those big bankers are trying to rob American citizens!" (fun thing is he's right)
Trump will alter the deal and they had better pray he won't alter it further.
Brave man, he'll be assassinated though.
He's going to Make America Great Again by printing so much money everyone is going to be billionares, maybe trillionares! what a flawless plan.
>>73527812
Hillary told me to tell you that she'll deposit the $0.02 later today.
>>73528692
Inflation is bad for you, the consumer.
We need a gold standard and we need to slash spending, not increase it unless you want a worthless paper currency to wipe you ass with.
>>73528696
those aren't mutually exclusive concepts. nice meme though.
>>73527812
read his argument for it. He uses it as basis for arguing that because you can print money, you can use that leverage to negotiate down the debt.
He says if you print money to pay off the debt, then those who own the debt end up receiving less value because of inflation. Something the U.S has done before. So if we're facing default we can go to those we owe debt and say "hey we need you to accept less or else we'll just have to print extra which means what we pay back would be worth even less than what we're trying to negotiate down to"
>>73528645
FLUFF
THAT
MUSLIM
>>73528087
No. Keynesians have been saying this for years
>>73528797
10 ft taller
>>73528765
Yes, he will just stop the inflation with his yuge hands!
>>73528696
post your ten foreign policy blunders picture!
>This is what Ameritards actually believe
https://m.youtube.com/watch?v=q6vi528gseA&feature=youtu.be
Trump is 100% correct no country that prints it's own currency can go broke.
https://www.youtube.com/watch?v=KIaXVntqlUE
https://www.youtube.com/watch?v=toW2oEhNZmk
https://www.youtube.com/watch?v=v14iP_qnlgU
https://www.youtube.com/watch?v=yHEjobYP6mg
https://www.youtube.com/watch?v=Xmm23vJeu0A
>>73528885
Yes, they are.
>>73528851
>We need a gold standard.
Great its not happening
>>73527812
your all falling for it again
>1. outlandish claim or statement
>2.media/hillary pounce on suspected easy target
>3.clarification that reveals a certain truth about opposing candidate and corrupt system of government
>4.???
>5.Presidency
i cant even count how many times he's done this through his whole campaign and succeeded
>>73528975
We did print $13 trillion after 2008
only it was to bailout wall street not the real economy.
>>73527812
>cnn
>taking speeches outta context
He literally just talk about this with that CNN dude today how they take part of what he says and plaster it all over the news fuck.
>>73527812
Thanks for the thread, OP.
Good to see that you're doing your part to Correct The Record, and to help Hillary Break Barriers on social media.
Every thread, even really low quality shitposts like yours can help make a difference.
>Correct The Record will invest more than $1 million into Barrier Breakers 2016 activities, including the more than tripling of its digital operation to engage in online messaging both for Secretary Clinton and to push back against attackers on social media platforms...
>http://correctrecord.org/barrier-breakers-2016-a-project-of-correct-the-record/
>>73528385
Money has value which is based on individuals' willingness to exchange it for what they produced.
The government does not control directly control the value of money nor the quantity of money. In fact, the Fed does not control it either, to be perfectly accurate. The largest determinants of money in the US are private banks willingness to lend and money demand by firms and households.
"Printing money", which means expanding the monetary base, does not necessarily cause inflation. If the monetary transmission system is broken, the FED can try to expand the monetary base all it wants that nothing will happen.
>>73527812
He's right though. That's the truth.
>>73527812
I don't believe he said this, in the context it is being portrayed here. Surely not.
Even a 14 year old will tell you that is not a feasible idea, and Trump is a smart guy.
Raising minimum wage to compensate with inflation isn't an outrageous idea and could work, but printing money is a different kettle of fish altogether.
No one who is a successful as he is would say "printing money solves financial problems". He is smarter than that.
>>73529076
It doesn't matter though. Trump will go on every news show and clarify what he is saying. Trump says something the media takes out of context Trump clarifies the media look like assholes. This is the cycle all election long
>>73529076
https://www.youtube.com/watch?v=4rj7B0fU1jw
this one?
>>73529026
nah you can support the middle class through effective legislation while accepting campaign donations from wealthy people.
>>73528959
ok, but we'll pay for it based on 2015 prices. I'm sure we'll be able to spare the cost a sandwich.
>>73529213
>The government does not control directly control the value of money nor the quantity of money
It controls both of those things since you need money to pay taxes, etc all money is is credit issued by the government, and the government can control the value of money by limiting it's supply (through taxation, printing ,etc)
>SOON
>>73529029
>>73528851
Newflash for you both: you do have a gold standard. Except it's called the petro-dollar.
That's right, the reason the dollar is the world's reserve currency is because it's the currency you buy oil in.
"But what if a country doesn't want to sell its oil for dollars?" you ask? Good question.
Answer: they get a good injection of Liberty & Democracy™. Or do you think they removed Saddam and Qadafhi because they were tyrants, while happily being allied with Saudi Arabia and the rest of the Gulf Scum?
>>73529277
Except it does work
https://www.youtube.com/watch?v=KIaXVntqlUE
>>73529029
The Gold standard creates seasonal hikes in interest rates and renders it impossible to smooth recessions.
The difference between what's happening in the EU and in the US shows clearly how having a non-flexible monetary base can screw you.
Why, do you think he is he wrong?
When a country prints its own currency, markets don't typically worry about them running out of money, and thus are willing to lend freely. That allows nations like the U.S. to issue new debt in order to cover their old obligations.
If it weren't for your self-imposed debt ceiling, default would rarely, if ever, be something people seriously discussed.
>>73529076
I think I got it this time
https://www.youtube.com/watch?v=xTANFw5f664
>>73528851
The gold standard is a bad system because it limits the money supply
inflation is good because it spurs investment and demand.
>>73527812
He is positioning himself to negotiate a lower payment
Debt restructuring
>hey China you can accept 60% of your 2 trillion back or get zero, your choice
>>73527812
>>73527812
fucking retard, burgerland obviously needs a min-wage increase but not to fucking $15 just like that.
What's min wage there again, $6.50/h?
that's literally 3rd world level
>>73527812
>there is not one reason to vote for him as a libertarian
>all libertarians support him
retards
>>73529420
you get to be a billionare, and you get to be a billionare, everybody gets to be a billionare.
>>73528385
Actually inflation decreases debt.
Trump is actually related to Hitler with 7 steps. Which makes him actually white.
Why would someone vote for a non-white. Obviously aryans are better administrators and have higher IQ (Better leaders).
Remember to vote logically, vote for people who have a proven successrate. Don't vote for the corrupt and the too old (Thumb rule).
>>73529468
/pol/'s full of big copra "eat the poor" kikes
they actually be voting for hillary
this really is the dumbest fucking board
Not going to read the article because fuck you but the headline makes it sound like he's saying "we're the ones who print the money" rather than "we're going to print more money".
>>73528087
No
It's modern monetary theory
It's how things work
>>73529564
>there is not one reason to vote for him as a libertarian
Where's that libertarian Latin American country again?
>>73528284
>Trump is a Hillary plant don't vote for him
>vote for Hillary
>>73529277
look, it's the "he's successful so he can't be dumb" meme.
>>73529580
Inflation dispossess everyone who can't get the money first for old conditions.
lol if the minimum wage goes up some parts of the higher wages go down a little and you know how capitalism works rich people want to get richer and stay rich and others are just chasing the rich people and are getting poorer or staying the same.
>>73529352
The government does not print money. You can't even say that the Fed does it, if you want to be precise, because what the Fed "prints" is not the money a typical consumer or firm uses.
Unless your government is paying a shitload of interest on foreign debt, buying a lot of foreign goods or having huge surpluses, the argument about taxes is meaningless, as they revert back to the economy.
>>73529553
$7.25.
Minimum wage shouldn't exist in the first place though. That in plenty to live on. Just not raise a family of four on. Don't get a bitch pregnant 4 times while you're still flipping burgers and all is well. It's called living within your means.
>>73528385
Uh HELLO?
We already print money to service our debts you fucking dumb little fag. It's obvious the only reason he's bringing this up is to inform/educate the voters that this already happens.
You mean you didn't realize Yellen was ready to print another $4 trillion as soon as the economy crashes again?
>>73528590
Says nervous mexican 50th time this year.
>>73527812
surely the trump is stumped I'm now a cruz missil etc
this is getting really tiresome actually
Wow, Trump said something stupid!
Looks like I better vote for the literal felon.
>>73529742
inflation doesn't dispossess anyone
It increases demand in the economy and spurs production.
>>73529802
>The government does not print money
Of course the government "prints" money although most of it is just numbers being put on a computer screen.
>>73528385
you just said its NOT backed by anything so why should printing money cause inflation? ONLY if something is backed by anything then it would lose value by printing more vouchers for the same backed value, get it? thats why they can print as much money as they want as long they dont overdo it, meaning financial markets losing trust in the US economy (which is the actual thing backing the money, trust in the US economy, which is backed again by US military power i suppose)
>>73528385
>what s le petordollar
>>73528087
Actually printing money to pay debt is not as crazy as it sounds, if you do it right in times of recession it would help the economy in the short term, the thing is you need to implement other long term policies for when the economy is recovering.
Trump didn't say this.
>>73529864
We're already shipping Chapo over there, things will be taken care of.
>>73529932
>financial markets losing trust in the US economy
Financieal markets trust the US becuase htey know the US can always print money to pay the debt
The EU is fucked specifically because they are retards obsessed with austerity and ruining their economies.
>>73529277
He didn't say it in the context OP implies at all. If you watch the interview, it's clear he's correcting the media (fucking finally someone is doing this) on their scare tactics: "Donald Trump wants to default on our debt!!" and he simply corrects them: "well you never really actually default, you just print the money" WHICH IS WHAT WE'VE ALREADY FUCKING DONE TO THE TUNE OF $4 TRILLION.
He's forcing the media to get off their stupid fucking scare tactic talking points. It's another one of his classic double-binds. They can't argue with him about it, because then they'd be wrong. They can't keep saying he'd default on the debt either.
In one stroke, he shut them down, and opened a new conversation about how we deal with our debt.
>>73527812
>mfw this is lifted Mencius Moldbug's plan to restore the monarchy
I'm getting all tingly. Someone in Trump's campaign is a full blown reactionary.
>>73527812
This whole thread:
>I know more about money than a multi-billionaire international businessman
But but muh gold standard
But but audit muh fed
>Print infinite money
>Replay all debts and buy the entire planet's natural resources
>If any country has a problem with it we invade them with the mightiest army Earth has ever known
Where's the flaw in my plan?
>mfw this is tried & tested and is an actual thing
>Social media """""journalists""""" point and laugh at things they don't understand just because Trump said it
useful idiots in action
>>73530068
How is he going to get over our wall?
Shit. Elections take too long.
>>73529553
he's not seeking $15, just higher. And he would leave it up to the states
>>73528087
Nope he is right, bullshit media, he never said that was a good idea, he was just pointing out the idea of actual default is asinine for that reason
>>73530068
he wont break out of an american prison unlike your hellhole.
>>73530172
That's literally his specialty.
>>73527812
Why the fuck does he even care?
America is never going to find itself in a situation where it has such debt it would need to default or etc. (Not unless the whole world has gone tits up).
The conspiracy nut in me says he's going to walk up to Greece with this idea though. That would be fun to watch.
>>73530163
We're calling the shots on this planet!
>>73529914
The Fed is not part of the government. It is a semi-private, semi-public institution.
The Fed increases the monetary base as it pleases, which you can consider "printing money". However, this additional money is just bank reserve that are used to provide liquidity to banks. The extra liquidity is necessary so that people and firms can withdraw their deposits without issues. Bank reserves are meaningless in setting how much private banks will lend and it is this lending that creates what we call money.
You goys never heard of MMT? Trump is basically correct on this.
>>73529676
I doubt Trump understands MMT but he's somehow stumbled upon the truth.
>>73529685
>50,108
>>73530068
>>73530248
>can't even get Sean Penn
>>73528851
you dont want a gold standard because that would destroy US economy instantly, US economy only exists because of military power, petro dollar and economic market dependecies, gold standard would make US a third world country in few years
>>73527812
>>73527812
>>73527812
>>73527812
>SHILLS BE GONE
SHILLS BE GONE
>SHILLS BE GONE
__link__
http://www.cnn.com/2016/05/09/politics/donald-trump-national-debt-strategy/
"People said I want to go and buy debt and default on debt, and I mean, these people are crazy. This is the United States government," Trump told CNN's Chris Cuomo on "New Day." "First of all, you never have to default because you print the money, I hate to tell you, OK?"
>clarification of fact, not a statement of intent.
>U.S. constitution prohibits a federal default
>we have the ability to print fiat money
Therefore, we will never legally default. Explaining how something works does NOT mean that he supports it.
tl;dr MISQUOTE SHILL THREAD, Trump is not trying to print more dollars to kill debt. Try harder Hillary.
He's right. As the sole, sovereign issuer of a fiat, floating-rate, non-convertible currency, the U.S. Federal government can issue as many Dollars as it wants, at any time, and pay them to anybody, for any reason.
Anybody who uses the following phrases
>running out of money
>going bankrupt
>going to default
>where's the money going to come from
>where are we going to get the money
>broke
>people will stop lending
>have to tax or borrow to "fund" spending
in the context of the U.S. Federal government is automatically discredited and has no clue how fiscal policy or operations work.
>>73530318
The FED board of governors is appointed by the Senate and the president
>>73528981
Piss-poor videos. Please stop posting.
>>73530372
c'mon! post the ten foreign policy blunders of hillary picture!
>>73529914
>devaluation of currency (inflation) creates wealth they said!
>printing money makes you rich they said!
>>73530268
You can't really compare the U.S. and Greece.
>>73529702
You might as well.
>YFW TRUMP ENDS THE FED AND MONEY IS PRINTED BY GOVERNMENT
>>73530421
That's what makes it "semi-public". You are forgetting the part that makes it "semi-private".
The Fed is neither part of the government nor it is private. It's in a limbo.
>>73530465
I meant that he'll walk up to Greece and tell them, 'You guys should totally default on your debts and print drachmas. Don't worry, I'll make some trade deals to keep your country working'.
>>73527812
You should have listened. There was only one man who opposed liberal Trumpist policies. Only one man who could have saved America.
https://www.washingtonpost.com/blogs/plum-line/wp/2016/05/09/sorry-suckers-trump-didnt-actually-shift-on-taxing-rich-and-minimum-wage/
>>73530433
'no'
https://www.youtube.com/watch?v=KIaXVntqlUE
https://www.youtube.com/watch?v=toW2oEhNZmk
https://www.youtube.com/watch?v=v14iP_qnlgU
https://www.youtube.com/watch?v=yHEjobYP6mg
https://www.youtube.com/watch?v=Xmm23vJeu0A
>>73530461
hyper inflation is caused by exogenous factors (war, revolution, etc) not money printing
http://www.pragcap.com/the-biggest-myths-in-economics-page/
>>73530541
The FED is run by people appointed by the government.
>>73528981
That's not true.
If you print money well above money demand by, for instance, having the government outspending everybody else in the economy through central bank loans, then you will have high inflation (or even hyperinflation). When this fucks up your economy, you went technically broke.
Fortunately, neither the Fed nor the ECB can lend directly to governments, precisely to prevent idiot politicians from acting on their idiocy.
You fucking idiots, he's stating exactly what has been going on for years and years. He's saying exactly -WHY- the U.S. has never defaulted.
The U.S. never defaults on treasury bonds because they just print more money and devalue the currency.
Fucking CNN.
Fucking shills.
>>73530433
>can't refute the brilliance of MMT
>"stop posting"
So you admit we can't run out of Dollars?
>>73530151
Are you retarded?
I'm sorry but he doesn't change the fundamental principles of economics 101 because muh nationalism.
You should have had to choose kasich. Only he was white republican who was going to make balancing budget and make america truly great.
But you chose libtard clown. Who is going to crush america with no survivors, and the whole world for company's sake.
Good job, pol.
>>73528975
Admirable, beautifull person of decent character. Upstanding, moral citizen and very responsible. Trust the FED, trust the IWF, WTO and US government (Jews).
>>73527812
[CONTEXT NEEDED]
>>73530375
thats partially true. a credit rating downgrade and interest rate spike from a default is preferable to rapidly decreasing currency value
debt incurred quarterly is going to weigh against GDP growth in the same quarter much like the trade deficit
the national debt has interest so even if the government doesnt operate in the red the debt can grow.
the amount the national debt is determines the rate of growth of it from interest. at a point it alone would create negative gdp growth every quarter even with zero trade deficit
any one know the interest on 19 tril in national debt over 5 years?
>>73530375
ok.
>>73530375
>He's right. As the sole, sovereign issuer of a fiat, floating-rate, non-convertible currency, the U.S. Federal government can issue as many Dollars as it wants, at any time, and pay them to anybody, for any reason.
Exactly.
Also taxes are irrelevant. They're used to destroy currency (ensuring the government's currency is the only in circulation) and limit inflation, not raise government funding.
>>73530774
You are a troll. The post you quoted is a reply to a guy saying exactly the same thing. The Fed is owned by private banks but its leadership is set by the government. This is why it is semi-private and semi-public. Why is this so hard to understand?
>>73530774
Who are you? I also subscribe to MineThis1 and read Pragcap. In fact, you're posting all the things I usually post.
>Print more money
>Say it's worth more
>Give it to everyone
>Lower the minimum wage
>People work for little money but are able to pay their bills
>More people get jobs but work less hours as the need to work decreases
>Poverty disappears
>Mansions and yachts for everyone
Emperor Trump 2016
>>73530774
What war caused the hyperinflation in Zimbabwe?
>>73530788
> then you will have high inflation (or even hyperinflation)
that's a myth
http://www.pragcap.com/the-biggest-myths-in-economics-page/
The government can control the value of money whenever it wants.
>>73528692
Inflation is bad. Hidden taxation designed to artificially blow bubbles. Stable, low deflation is the optimal scenario.
>>73530823
>Choosing Kasich
>Not based Ted
>>73528087
I heard the interview, the context is key. He implied that buying money is easier than buying back debt at a discounted proce. It was 100% tongue-in-cheek
>>73529061
>print $13 trillion
Dumbasses don't know the difference between the monetary base and the money supply
>>73530943
Tell that to Venezuela and it's Bolivar fuerte.
>>73530336
You fucking psychopath.
>>73530676
>https://www.washingtonpost.com/blogs/plum-line/wp/2016/05/09/sorry-suckers-trump-didnt-actually-shift-on-taxing-rich-and-minimum-wage/
This article actually completely destroys OP's post, debunking the MSM memes about the minimum wage, tax policy, etc, point by point.
Threadly reminder that CNN and the MSM in general is 100% on a propaganda tear to trying and destroy Trump.
They take things out of context, or just straight-up lie about him.
even Germany did
>2016
>not following glorious National Socialist economics
>>73530823
balancing the budget makes you a clown
>>73530936
>The Fed is owned by private banks
That's a flat out myth
http://www.publiceye.org/conspire/flaherty/flaherty4.html
>>73530948
Zimbabwe had this little thing called " a revolution where the blacks killed and ate all the white farmers"
>>73531240
it's a metaphor I know it's not "literal" printing.
>>73530948
Regime change and foreign denominated debt
Every hyperinflation ever fits into one (or more of three categories): foreign denominated debt, regime change, or war/civil war
There has never been a government that just accidentally printed too much money, and whoops! Hyperinflation. It's a myth perpetuated by people who are trying to sell you gold.
If you claim the US is going to have hyperinflation, you MUST state which of the three categories it fits into.
>>73531119
Well yes, exactly this. Canada hasn't paid a single dollar off of it's debt since 1974, why? ("""""Free"""""" money + interest) is cheaper than the actual debt itself.
in 1923
>>73527812
>He thinks he knows more about money than a multi billionaire
>>73531383
>balancing the budget makes you a clown
t. George Dubya and Obama
but failed
>>73530842
less than 1.3% of GDP.
>>73531381
>Print too much money, go into too much debt, institute price controls to disguise it, and then blow up your country in a World War before the effects of your disastrous policy can be noticed.
Sure thing.
>>73530964
That post is terrible. Hyperinflations are complex events, of course. Countries are only tempted to pursue idiotic monetary policies when they are on the brink of collapse already, of course.
And it's funny you end up saying that the government can control the value of money whenever it wants and the link you gave presents 5 conditions under which the government couldn't do anything.
>>73531248
I don't care about what some chinese country like Venezuela did to their lil shithole economy. This is America. We smart.
>>73530943
No. Trump will bring back a new quasi (perhaps commodity based, hybrid system) gold standard. But that could take many years (6-8) to accomplish.
First the economy needs a shot in the arm, and the debt needs to be reduced to a manageable level.
Guys, don't expect him to talk about anti-NWO policies in great detail. He needs to get in office and fuck them a little first. Then once he knows the way they like it, he'll fuck them some more.
Give the man some credit. He said he's going to audit the Fed in his first 100 days in office. That should be enough of a dog whistle for you right now.
>>73528590
Better than cartel land.
>>73529685
This chart is so retarded and wrong.
You're telling me the 2012 world average for homicide rate 4.37 per person? The human race killed itself into extinction over 4 times?
Seriously, like what the fuck are up with these numbers?
407 is higher than 437,000, which is only slightly higher than 33. And 14,827 is under that?
>>73531386
>regime change
20 fucking years later? What kind of tripe are you trying to sell? Venezuela, Zimbabwe, Weimar, Brazil for a small period, and dozen other cases of nonwar, nonregime change hyperinflation are known. Stop lying to people with bullshit neokeynesian reasoning.
>>73531484
Obama cut spending on useful government services and it has fucked over the economy (much like austerity is fucking over the EU)
http://money.cnn.com/2014/01/27/news/economy/spending-obama/
>>73531545
>>73531442
>>73531315
>comparing post WW1 Germany which had no control over itself to the US
>>73531578
>Countries are only tempted to pursue idiotic monetary policies when they are on the brink of collapse already
The only idiotic monetary policy is being a gold bug that thinks a magic shiny rock = true value
>>73531661
KEK
E
K
>>73531661
You are completely retarded and can't read a simple graph. Try reading every word in the image and then come back.
>>73531664
>20 fucking years later? What kind of tripe are you trying to sell?
you realize they were seizing white land for decades right?
It collapsed the economy progressively.
>>73531661
>number on the side: total number
>number on the bottom: number per 100k
>>73531661
jesus dude are you in middle school? are you literally unable to read graphs? people like you actually vote? are you trolling?
>>73528385
inflation pays off debt
>>73531790
Your link merely confirms that spending is a massive problem because Obama has not touched entitlements which is why the deficit will begin rising again as boomers retire.
>>73527812
Good, I have nothing but debt and cannot wait for a collapse of biblical proportion
REV UP THOSE PRINTERS
Anyone who doesn't believe the rumors that Trump was hired by the Clinton's to sabotage the Republican candidacy is a fool. I always knew he was a liar, but to see him flop flop so hard and fast is somewhat vindicating. Hilary was always going to win. She knew it. The media knew it. Hell Trump knows it. You were just too blind to see it.
>>73531661
> American education
>>73528590
Muy nervioso
Someone redpill me back on trump surely this has to be a farce.
>>73531854
>>73531881
>title of graph is per 100,000
>doesn't give data for per 100,000 but instead gives total numbers
I stand by what I said, the graph is retarded. Whoever made this graph needs to take a course in data visualization.
Either give us per capita, or give us totals.
>>73531976
>spending is a massive problem
only because they drank the neolib kool aid
in reality debt is never a real problem for a sovereign government.
>>73531383
No they didn't, the hyperinflation occurred many, many years after mugabe had been in power. That's no small part why they printed so much: mugabe and friends ran the country to the ground and tried to print themselves rich.
>>73531857
And? That's not a fucking revolution, you quack. That's like saying the Spanish Civil war lasted 50 years because Franco and his policies were still fighting people.
>>73531989
>Hitler was a Jewish puppet guys!
>>73531664
>Venezuela
Does not appear in
https://en.wikipedia.org/wiki/Hyperinflation,
sorry
>Zimbabwe
Regime change, foreign denominated debt
>Weimar
Foreign denominated debt, regime change
>Brazil
It coincided with the period of economic crisis and political turmoil triggered by the 1970s energy crisis during the Brazilian military dictatorship until the conclusion of the main processes of the democratic transition in the country in the late-1980s/early 1990s. Oh, shocker, a regime change.
If you admit that the U.S. doesn't have foreign denominated debt, isn't going to lose a war, and isn't going to undergo a regime change anytime soon, you admit there will never be hyperinflation here. There is no third option.
>>73531946
>>73532007
>you're retarded because you misunderstood an intentionally misleading graph!
>>73532109
Define sovereign government.
>>73527812
Okay, now I understand why Thomas Sowell hates the idea of Trump being president.
>>73527812
Maybe if you watched the interview and actually saw the quote in context, you wouldn't be a fucking idiot?
>>73532098
>>73527812
I'm not sure what this is even accusing him of. The phrasing makes it sound like he said this about somebody else.
>>73531383
>Fed is owned by private banks is a myth
Why don't you use better sources, instead:
http://www.federalreserve.gov/faqs/about_14986.htm
This is written on the Federal Reserve Act. I was simplifying it but the gist of what I've said is true. The stock of the Fed is owned by private banks, the governors are appointed by the government and most of the directors by these private banks.
>>73532098
>I may be an illiterate retard, but this guy doesn't know how to display data in a way I can understand so he's also retarded.
>>73528385
Doesnt really apply when the dollar is the de facto international currency, meaning you can pretty much print as much you want because there's a worldwide demand for dollars.
The US run the ultimate scam with their currency.
>>73527812
I'd like to see the entirety of the clip in context please before making snap judgements. Thanks.
>>73532007
Although we are sorely deficient in mathematics I assure you even the worst states don't typically produce people as retarded as him.
>>73527812
OP confirmed for taking statements out of context once again.
>>73531612
What do you expect auditing the fed to reveal?
>>73531989
>A man with a net worth of $10 billion was ""hired"" by the Clintons
suuuuree.....
>>73532131
>That's not a fucking revolution
revolution/political instability
>the hyperinflation occurred many, many years after mugabe had been in power.
when he began the real process of removing land from crackers
>Hyperinflation in Zimbabwe was a period of currency instability that began in the late 1990s, shortly after the confiscation of private farms from landowners,
>>73532183
Not part of the Eurozone
>>73532243
>The stock of the Fed is owned
That's who they issue stock to
The private banks themselves have no control so "ownership" is purposefully misleading.
>>73532323
people as stupid as him (assuming he's not a troll) have the right to vote, dude.
>>73532243
What should someone with no knowledge in economics and other related stuff read to learn? I'm really interested but i'm totally ignorant. Any suggestion?
>>73531790
I'm not a gold bug. On the internet, most people seem to follow MMT or be austrians. Most theories are deeply flawed on monetary policy and that's why they are completely ignored by economists.
Hyperinflation can happen but your country's economy cannot be below potential and it will not happen through the monetary transmission system, as private banks are not that stupid. If it happens, it will happen through government spending, if the treasury finds a way to completely circumvent limitations on the Fed lending money directly to the government. That and you need an idiot running your country.
>>73532254
Sorry I make statistical reports on a daily basis (180+ to be exact) and if I ever presented data like this ID be fired immediately.
The guy who made the graph is retarded, not the guy who got confused for not immediately understanding a retarded graph.
>>73532153
Hitler never donated $100,000 dollars to the Jews and went to Jewish weddings.
>>73532551
(You)
>>73531556
>rebounds faster than any country during the depression
>btfo of the banking families who continue to strangle the west today
>economy never successful
Wew lad
>>73532098
Not saying it's not retarded, just explaining the retardedness.
>>73532172
>if its not in wikipedia it's not real
>regime change caused hyperinflation decades later
>actually, ditto for all of these
>>73532427
Maybe they promise to make a city whose buildings are arranged in the shape of his name?
>>73532436
You didn't respond how or why you are insisting something that happened decades later can somehow be called a regime change when the action occurred when mugabe was well established in power. You can't claim regime change when the regime is changed and settled.
>>73532172
So, the United States has to stave off war and foreign denominated debt?
Fascinating.
>>73528385
>US Dollar
>Inflation
>I don't know what the petrodollar is
>I'm too stupid to have ever asked myself the question "why are we so nice to Saudi Arabia?"
Fuck off and read a book.
>>73529676
>>73530326
>Believing that MMT works like a good goyim
How is unlimited deficit spending and printing of fiat currency a good thing?
>>73532667
>He borrowed a lot of money and paid people to do useless shit that got their country blown up.
>Economic miracle.
>>73532794
Are you implying the US dollar doesn't experience inflation because it's the petrodollar?
You do know what inflation is, don't you?
>>73527812
He's right, you can actually just print money
>>73532551
If it took you longer than 10 seconds to understand the graph then you are most definitely a complete fucking retard. Literally a grade school concept, 8 year olds are more intelligent than you.
>>73532543
>completely ignored by economists
neoclassical economists are generally retarded
https://www.youtube.com/watch?v=KIaXVntqlUE
>Hyperinflation can happen
when some exogenous crisis occurs
>it will happen through government spending
already debunked
http://www.pragcap.com/the-biggest-myths-in-economics-page/
>>73532687
I already explained it was "instability"
WOW that is some yellow reporting.
>>73527812
He's right though, printing money is literally gibs me that tier though
>>73532872
The government doesn't have to "borrow" money
>>73532436
You are focusing on stock and governors only. I also mentioned the directors, most of which are picked by the stock-owning backs. These are basically glorified lobbyists inside the Fed itself, so I would say these banks have a great deal of power and if the governor of the Fed is thinking of doing something idiotic, he will be attacked from all angles.
>>73532919
It's also a grade school concept to present the data that the title suggests you are presenting you fucking retard
>>73532065
>Gary Johnson
>>73532079
See
>>73528903
>>73528087
Nope, he's 100% correct.
>>73527812
He's right though. When you're the world reserve currency you print as much money as you want because your nation alone doesn't absorb all the inlfated money. Every nation absorbs a portion of that money so the effects of inflation aren't felt back home.
Besides it's not like it's real money. It's all just digital zeroes added to bank accounts used for global trade. Everyone knows that money is a fictional state of mind now. If you're the American govt you just pretend like you have money and it comes true.
I don't think the demand for dollars will be very responsive to changes in supply.
Its the lifeblood of the global economy and the mount of faith in it is universal. America has the rest of the world over a barrel.
Hurr I owe you money, lolz ill just go print some and you don't care because everybody else wants them more than you do.
>>73527812
CONTEXT
>>73532975
you wouldn't be in an economic crisis if you could just print money
Instead you have to ask Mama Merkel for handouts like Oliver Twist
>>73533017
stock owning banks have no real control
http://www.publiceye.org/conspire/flaherty/flaherty4.html
>>73528885
hahahahahahahahaha
Look at the calendar
He just wants to be in the news cycle for tomorrow
No one is being paid to shill for Hillary. It's a Republican-funded lie and a pathetic attempt to smear her campaign.
>>73527812
America is the only country in the world that can get away with this.
You know why?
Because the US exports its inflation elsewhere.
This is the perks of being a reserve currency.
If Zimbabwe was the reserve currency, it could have done it too.
>>73532878
http://lmgtfy.com/?q=petrodollar+exports+inflation
When you're required to pay for oil using US dollars, inflation is effectively exported to all countries except the US.
Oh OP, you're such a dumbfuck, and based Don merely exposed how fucking retarded you are.
Listen, money isn't real. It doesn't exist. The Fed now literally makes it up out of thin air. All Trump did was expose the inherent nihilism of the financial system, which in truth is a system based on nothing. It doesn't exist. It's a bunch of hot air pushed around by people in suits who, we're told, are very good at their job, despite the fact that they routinely lose all of their money, money they can just make up out of thin air.
You got played, sucker, and Trump knows it. He knows that you're to dumb to realize that none of this is based on anything, so he just plays suckers like you, and you just went for it, hook, line and sinker
he is right you know.jpg
>>73527812
>>73528385
He didn't mean it literally you goddamn retards.
A country which creates half the wealth in the world can't go bankrupt period.
That's what he meant by "print the money".
Jesus, this place turned into reddit.
>>73533134
>>73527812
HOLY FUCK.
Fuck Trump. AUSTIN PETERSEN 2016!!!!!!!!!!!!!!
>>73529802
Fuck off you retarded pedant. You know that when anyone says "print money" they're meaning that the government increases the money supply, which is exactly what the Fed does.
>>73532930
A term you brought up only when I showed your three cases argument is bullshit, as a simple search shows, and which is still wrong, because the bulk of said seizing occured long before the hyperinflation as well. You have no base, and your moving goalpost and fly-by term changing haven't gone unnoticed, nor has your lack of evidence.
Also, still this people:
https://www.washingtonpost.com/blogs/plum-line/wp/2016/05/09/sorry-suckers-trump-didnt-actually-shift-on-taxing-rich-and-minimum-wage/
>>73533383
except it's the jews who are behind neoliberalism and austerity
nothing wrong with that, as a national socialist I love trump because he is destroying the modern cuck right wing and regardless of trumps own policies he makes it easier for alt right to seed into the right wing.
>>73533260
Trump is actually a test about how low can the non-existant IQ of american scumbags really go.
>>73533392
Holy shit this reads exactly like ayn rand prose
>>73533254
Yeah, you obviously don't understand what inflation is...
Let me break it down for you.
Inflation is a rise in the general price level. Things get more expensive? Inflation.
Things are getting more expensive in the US, because the US is experiencing inflation.
Just because gas is getting cheaper doesn't mean everything else is
>>73533251
^This. The rest of you need to learn about the petrodollar before trying to have opinions on this topic next time.
>>73528590
I know Pablo, Americans are stupid and fascists. You guys need protection from them, perhaps a physical border like a wall would be useful
>>73533472
>because the bulk of said seizing occurred long before the hyperinflation as well.
that's objectively wrong
>Hyperinflation in Zimbabwe was a period of currency instability that began in the late 1990s, shortly after the confiscation of private farms from landowners
https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
>>73528677
robert mugabe doesnt lead the world reserve currency, the point by trump is that he could do whatever the fuck he wants witht he money and noone would be able to do anything
are you alll fucking stupid or idiots, has noone figured this out yet? i swear many here are really fucking retarded
>>73530774
>hyperinflation is not caused by money printing
That's objectively wrong.
>>73533645
>>73527812
Nice, I saw the CNN interview where he made that statement, he also complained about the media taking shit he says out of context and he called CNN the Clinton News Network, he was spot on apparently
>>73533645
>non ironically comparing Zimbabwe to the USA
this is why nobody takes you seriously
>>73533508
>gas cheaper
THE PRICE OF GAS HAS NOTHING TO DO WITH THE PETRODOLLAR YOU RETARD. IT'S THE FACT SAUDI ARABIA FORCES EVERYONE TO PAY IN US DOLLARS FOR OPEC OIL THAT EXPORTS INFLATION EVERYWHERE EXCEPT THE US. READ A BOOK.
>b-but you cant print more money, what about inflation
Interest rates literally neccessitate the inflation of the money supply. Unless you want to get rid of loans and credit cards etc then you need to realise this. Basically, when debt is created put of thin air then money also needs to be created out of thin air.
>>73532872
>borrowed and money and didn't do shit
>brings unemployment down, rebuilds the military, massive public projects constructed such as the autobahn.
>Dindu nuffin
>>73533707
read the link
http://www.pragcap.com/the-biggest-myths-in-economics-page/
>>73533752
I didn't bring Zimbabwe up, he bough it up.
>>73532930
>Keen and economists don't know what they're doing
Keen has no idea what actual economists are doing. If you agree with him, I'd bet you don't either.
He criticizes the most simplified version of the models being used in macroeconomics as if they were the cutting-edge. They are that way to fucking teach the basic blocks to students. Then, he promotes economic models where consumers and firms are utter idiots are super easy to fool. These people, when they actually get to run an economy, then become surprised on how people found ways to completely circumvent what they initially wanted and on the sheet amount of unintended consequences lol
>Hyperinflation only happens with exogenous crisis
Again, it is very hard to spiral a country out of control when all is well. When idiotic politicians come into power and start using the central bank to increasing government spending, they usually start with foreign reserves that allow them to go on for a while. Then, they either stop when inflation starts increasing or they go on and lead their country to collapse. If an external shock hits the economy, they get desperate because it's that or austerity and these people do not like austerity.
>Government spending cannot cause hyperinflation
Tell me exactly where it is because I can't find a single argument on that page about that.
>>73533570
Explain it to me then how come the 700 billion dollar blank check that the congress gave the banks in 2008 didn't end up causing massive inflation?
>>73533757
He didn't imply that, you git. We are experiencing inflation in spite of your beloved petro-dollar.
Fucking frog-posters.
>>73533392
Banks are global enemy number #1. Who gives a shit about racism? Just be racist back, there's enough numbers there on both sides that things can at least fought to a draw. Banks are fucking over everyone.
>>73533757
Oh so the price level in the US hasn't risen at all? Because we're exporting inflation?
Because last I checked prices were rising.
Maybe you should look up from the books and look at what's going on around you outside of your house
>protip: it's inflation
>>73528385
>we jus gon print mo money n' sheeit
Kek.
Played by the trump meme! Hahahaa. Don't worry, we still find trumptards oh so very edgy tho
>>73528284
If Hillary wanted the GOP to nominate a loser that she would have a guarantee of winning against, she would have just let Jeb Bush be the nominee instead of introducing Trump.
>>73533802
Let me amend myself. He didn't pay them to do useless shit, he paid them to do worse than useless shit like rebuild the military and get the country destroyed.
>Mr. President, the Wall's set to cost forty-two billion dollars. We've already bought thirty vessels and twenty thousand tanks this year for the Invasion of China and we simply don't have enough cash left to pay for the Wall.
>Well, I made a yuuuuuge promise to all my voters, who I love, very, very, very much by the way. Believe me, I do. But anyways, I made a big promise to them and I intend on carrying it through. I mean, all these bigwigs - big influential tough guys who think they're smart - they say "oh no, oh no, there's no money in the treasury to build this thing". But y'know what? Why don't we just build the wall out of money? It sounds crazy at first but it can't be expensive if it pays for itself, for example, I have a Doctor friend and he says it'd be very, very, very feasible to build a wall of solid cash along the border. We'd even let the laborers take a few bricks home! It's a really good idea, folks, this wall will be BUILT.
>>73534006
Idk country kicked ass at first. Also military never useless.
>>73533621
Norway Joseph.
>>73528385
No, you can. You can pay debt back with inflated currency since the agreed-upon price is in USD. The issue is that it reduces the demand for your bonds.
The US can literally never default because virtually all of its debt is owed in a currency that it controls. Trump is right. You are wrong. Get over it.
>>73533124
If by real control you mean sign a document that defines which monetary policy is going to be followed in the next months, then yes. But that's not "real control". Truth is there is a lot of negotiation, lobbying and back and forth in setting up monetary policy.
>>73529277
he';s successful because his daddy left him a real estate company with abundant properties in New York during a time in which the region was experiencing a massive real estate boom, especially for commercial property.
he could have sat in a room smoking crack for all this time and he'd probably be worth the same amount, if not more.
We'll never even know for sure what he's worth though, as he won't release his financial information. Likely so he can get people like you to continue to carry water for him.
>>73529076
the irony is not lost
>>73530151
Unlike him, I've never filed for bankruptcy.
>>73533392
WE
WANT
THE WHIP
>>73533809
>He criticizes the most simplified version of the models being used in macroeconomics
If you foundation is flawed everything base on it is flawed
>When idiotic politicians come into power and start using the central bank to increasing government spending
using the fallacy that government spending is bad again
>I can't find a single argument on that page about that.
>Hyperinflation has been a big concern in recent years following QE and the sizable budget deficits in the USA. Many have tended to compare the USA to countries like Weimar or Zimbabwe to express their concerns. But if one actually studies historical hyperinflations you find that the causes of hyperinflations tend to be very specific events.
https://www.youtube.com/watch?v=Xmm23vJeu0A
>>73534127
Which only the government has any final say in
>>73533885
Because the banks didn't loan out that money, they just held onto it.
If they had loaned that money out, the velocity of money would've increased dramatically, causing inflation. Instead, the money is sitting in the banks, so it mightt as well not exist at all. The money has to circulate to cause inflation
