I definitely said that. And it’s true. Notice how people DO want U.S. currency? Surely, you are mentally handicapped. If not, claim it.
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When have I held China on a pedestal? When have I said their a good model to follow?
Much more money spent on “COVID Relief” than bailouts
$700 billion from Tarp of which total cost ended up being about 498 billion according to this analysis from MIT:
Here’s how much the 2008 bailouts really cost | MIT Sloan
Total cost for the mideast wars over 20+ years is anywhere from 2.1 Trillion to 6.4 Trillion depending on source - but that is spent over 20+ years so worst case its approximately $0.32 Trillion/year (or 320 billion/year).
The pandemic spent $4 Trillion in roughly two years which is $2 Trillion/year or 6.25 Times the amount the war/year costs.
Also, the above analysis assumes the same amount was spent every year which is the conservative approach considering spending has tapered off in the Mideast wars as troops have been pulled back. So the actual comparison is at least 6.25 times more money per year spent on the COVID bailouts.
So the vast amount spent in a shorter period has a larger net effect…
Learn how do math.
You claimed those countries on the list don’t have a concentration of power - that is objectively false.
Oh, wow…
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They also have a bigger concentration of wealth in fewer hands.
Imagine that.
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We’re currently living through the worst inflationary period in decades.
Castoli71: Isn’t MMT great derp de de derp.
It’s okay, though. We have nukes and are the reserve currency so we can just keep printing money.
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This is propaganda for those who love to chug it down.
Oh no you didn’t hear about this!
Most of it is governed by the gold standard relic. Most believe a Federal governments budget works like a personal in that you need to earn money first before you spend it so the federal government does-hence the reason for taxes.
You’ve claimed or implied that social programs make matters worse. So homelessness has much to do with the social programs enacted to relieve such issues. But then refuse to back up your claims. If google is free provide some evidence.
And this is caused by what?
And why do you think other countries are banning together w/o the U.S.?
No, I didn’t. After you brought up US homelessness, I pointed out homelessness is worse (far worse in some cases) in countries with greater social programs. You can’t square that with your point of view and; therefore, have pivoted to something else like you always do.
I didn’t make a claim regarding homelessness.
Many things.
Increasing weakness of the dollar.
Yeah,
I will trust MIT over the tiny little liberal arts school “Bard College” especially when it comes to math.
Because there is no possible way “Bard College”, a privately owned school, has its own agenda…
Keep chugging down your choice of poison and being locked into one specific train of thought because you want that train to lead to “truth”.
Even this article claims it wasn’t that high:
“The Costs of Bailouts in the 2007-08 Financial Crisis” by Xiaoxi Liu (fordham.edu)
Also if you read the above article (though I doubt you will comprehend it) it notes that the government was paid back with interest on the bailouts. But that truth is just to convenient for you to believe it, isn’t it.
I don’t no how far down the google rabbit hole you had to go to get those numbers, but I couldn’t find it in the first 3 pages.
The [Coronavirus Aid, Relief, and Economic Security Act](https://www.investopedia.com/coronavirus-aid-relief-and-economic-security-cares-act-4800707) cost $2.2 trillion, making the CARES Act the most extensive financial rescue package in U.S. history.
Timeline: Notable Government Bailout, Relief Programs in U.S. History (sounddollar.com)
Stop believing what you want to believe because you want it to be true.
And again, learn how to do math.
Also please answer if you believe the earth is flat or if the US landed on the moon. That will save the rest of us some mental anguish based on your answers.
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No one believes you’ve read a single book on economics nor does anyone believe you have even a basic grasp of micro and/or macro economics. Drivel like the above does not improve that impression.
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don’t forget the lack of a basic grasp of math. Or, like most, the ability to comprehend how big a number 4 Trillion actually is
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I think my favorite part is that he links to the Levy Institute and then an article about what the Levy Institute wrote as if that is additional evidence of it’s legitimacy. I bet if you linked to the Heritage Foundation or something similar he’d have a fit, though.
I also love how the government can’t be trusted because they supposedly bailed the banks out to the tune of $27T (greater than annual GDP), but we can trust the math that says single-payer will save us money. A common Zep logical inconsistency.
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Of course, he could prove the banks received trillions by pulling their balance sheets, but I doubt he knows what that is.
Ahhh…no it isn’t. The rest of the world is tired of American imperialism and has decided to do something about it w/o the U.S.
.But I thought it was caused by “printing money”. And that was the reason for the inflation.
So a single-payer program can cause homelessness? I’m sure you think that is a social program. So you believe that countries w/ greater rates of homelessness have greater social programs. But can’t attribute a housing social program to this so just blame all social programs? Good Lord!
It’s one of the prime drivers in a complicated equation composed of many variables. It’s more than simple addition so I see why that’s hard for you.
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Right back atcha'
From the abstract.
this Comment also argues that Dodd-Frank reflected an unwise, overhasty decision by Congress. Yep it was overhasty to try and curtail the actions of corporations who wreck the economy over their greed for more. Just someone trying to protect those responsible.
So the 29 trillion was paid back w/ interest?
So Bard College has it's own agenda but apparently MIT does not.
[quote="cyclonengineer, post:855, topic:280538"]
Also please answer if you believe the earth is flat or if the US landed on the moon.
[/quote]
No as there is no proof of those claims.
'
And please answer this question. Does the national debt matter in the way they say it does?
[quote="cyclonengineer, post:855, topic:280538"]
I don’t no how far down the google rabbit hole you had to go to get those numbers, but I couldn’t find it in the first 3 pages.
[/quote]
1st page. 1st 3 articles. Amazing!```
And you use an article from sound dollar. A term closely related to gold standard mythology. A glimpse into your mentality. So I'm dealing with a true believer. Another person whose indoctrination does not allow him to question his propagandized beliefs.
We haven't been on the gold standard for over 50 years but you still cling to it. Reminds me of that D-bag Peter Schiff.