Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? | |
Anonymous Coward User ID: 72698592 United States 05/12/2020 09:26 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? |
Anonymous Coward User ID: 78277869 Canada 05/12/2020 09:26 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? Which devalues the the dollar and hurts us even more long term, which points to the fact that they are buying time even more. The only reason the dollar isn't dead right now, is the entire world's pretending not to see what they've done. The crash was made inevitable years ago, first by turning the American Dollar into a fiat currency, by disconnecting it from Gold. Then, a fiat currency running a fractional banking system did us in. How do they "create" money? Banks are allowed to loan money out, as long as they keep a (small) fraction of the loan amount available for customers to withdraw. When they give someone a car loan, that loan is then deposited into a bank somewhere, and only a fraction of THAT has to be kept, and the rest loaned out again. There are more American dollars (paper and journal entries on a computer) than exist in the physical world. LOTS more. That's why when we split from the Gold standard, Gold cost $35. Now? Over $1,700, and THAT amount is massively held down to keep the secret that the dollar is finished. This $3 Trillion doesn't really mean anything. The end will just come a little quicker. The National debt was impossible to pay back YEARS ago. It's only gotten worse. What will come next will ultimately be a HUGE hyper-inflation, like the Weimar Republic (Germany) in the 20s, only MUCH, MUCH worse. In 1921, an American dollar bought 320 German Marks. By the end, in 1923, one Dollar was worth 4,210,500,000,000 Marks. Our crash will be worse. The end result in Germany was Hitler. Didn't really work out for them. Nope.. Read what I posted earlier . The dollar isn’t dead because your military is still miles ahead of anyone else.. That wasn’t the case by a long shot in 1921 or 1923.. Gold backing is antiquated.. Keep your military cutting edge and you can still be #1. Regardless what most of morans think here. |
Anonymous Coward User ID: 78277869 Canada 05/12/2020 09:28 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? I was thinking about this, too. Quoting: Emerald_Glow 2.0 The way I can imagine is this: They are coming from FED blackproject money. He set the Space Force last year, so the uncounted trillions flowing freely from the uncontrolled FED private agency into Secret Space Program, stopped the SSP got defunded. As a national emergency he gained control over the FED, he ordered it to loan money interest free sometimes in February. So they did, and now he is sharing the money with "We, the People." I was thinking about this, too. Quoting: Emerald_Glow 2.0 The way I can imagine is this: They are coming from FED blackproject money. He set the Space Force last year, so the uncounted trillions flowing freely from the uncontrolled FED private agency into Secret Space Program, stopped the SSP got defunded. As a national emergency he gained control over the FED, he ordered it to loan money interest free sometimes in February. So they did, and now he is sharing the money with "We, the People." Correct If you do continue to explore space as the next military domination, you will retain #1 world power for many more generations.. |
Anonymous Coward User ID: 14673134 United States 05/12/2020 09:29 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76693939 United States 05/12/2020 09:29 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? Which devalues the the dollar and hurts us even more long term, which points to the fact that they are buying time even more. The only reason the dollar isn't dead right now, is the entire world's pretending not to see what they've done. The crash was made inevitable years ago, first by turning the American Dollar into a fiat currency, by disconnecting it from Gold. Then, a fiat currency running a fractional banking system did us in. How do they "create" money? Banks are allowed to loan money out, as long as they keep a (small) fraction of the loan amount available for customers to withdraw. When they give someone a car loan, that loan is then deposited into a bank somewhere, and only a fraction of THAT has to be kept, and the rest loaned out again. There are more American dollars (paper and journal entries on a computer) than exist in the physical world. LOTS more. That's why when we split from the Gold standard, Gold cost $35. Now? Over $1,700, and THAT amount is massively held down to keep the secret that the dollar is finished. This $3 Trillion doesn't really mean anything. The end will just come a little quicker. The National debt was impossible to pay back YEARS ago. It's only gotten worse. What will come next will ultimately be a HUGE hyper-inflation, like the Weimar Republic (Germany) in the 20s, only MUCH, MUCH worse. In 1921, an American dollar bought 320 German Marks. By the end, in 1923, one Dollar was worth 4,210,500,000,000 Marks. Our crash will be worse. The end result in Germany was Hitler. Didn't really work out for them. Exactly. Everyone has a plan until a hyper-inflationary depression punches them in the mouth. What to do? Unfortunate boating accidents are part of it. |
Anonymous Coward User ID: 78526472 Australia 05/12/2020 09:32 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? I know we have a "war chest" here. Just shows the government have more money stashed away than they let on. |
Anonymous Coward User ID: 78586962 United States 05/12/2020 09:32 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? It almost seems like they are trying to crash the whole Damn thing. Quoting: ~Newton's Own~ They are borrowing and printing money at a furious pace to keep the house of cards standing for just a little while longer, while at the same time closing food production plants and selling food supplies overseas. You got red states trying to open up and blue states calling for more lock downs, more restrictions. Food supply is going to become a real issue in the coming months. Just what are they buying time for? They can't keep these payments up for long, so just what IS this all about? we can spend billions of dollars in the war that doesnt benefit americans. why cant we spend billions during this crucial time when we need financial assistance more than ever? |
Anonymous Coward User ID: 78277869 Canada 05/12/2020 09:33 PM Report Abusive Post Report Copyright Violation | |
BNBG
User ID: 76607211 United States 05/12/2020 09:34 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? Which devalues the the dollar and hurts us even more long term, which points to the fact that they are buying time even more. The only reason the dollar isn't dead right now, is the entire world's pretending not to see what they've done. The crash was made inevitable years ago, first by turning the American Dollar into a fiat currency, by disconnecting it from Gold. Then, a fiat currency running a fractional banking system did us in. How do they "create" money? Banks are allowed to loan money out, as long as they keep a (small) fraction of the loan amount available for customers to withdraw. When they give someone a car loan, that loan is then deposited into a bank somewhere, and only a fraction of THAT has to be kept, and the rest loaned out again. There are more American dollars (paper and journal entries on a computer) than exist in the physical world. LOTS more. That's why when we split from the Gold standard, Gold cost $35. Now? Over $1,700, and THAT amount is massively held down to keep the secret that the dollar is finished. This $3 Trillion doesn't really mean anything. The end will just come a little quicker. The National debt was impossible to pay back YEARS ago. It's only gotten worse. What will come next will ultimately be a HUGE hyper-inflation, like the Weimar Republic (Germany) in the 20s, only MUCH, MUCH worse. In 1921, an American dollar bought 320 German Marks. By the end, in 1923, one Dollar was worth 4,210,500,000,000 Marks. Our crash will be worse. The end result in Germany was Hitler. Didn't really work out for them. Exactly. Everyone has a plan until a hyper-inflationary depression punches them in the mouth. What to do? Unfortunate boating accidents are part of it. Got that right! There will most definitely be many suspicious deaths by the end of the year. If I were a swamp dweller, I'd definitely stay off the lake. "Peace in our time? All it took was everybody about to die." “The way I see it, there’s only three kinds of people in this world. Bad ones, ones you follow, and ones you need to protect.” - Amos Burton |
Anonymous Coward User ID: 78824557 Australia 05/12/2020 09:36 PM Report Abusive Post Report Copyright Violation | |
BNBG
User ID: 76607211 United States 05/12/2020 09:36 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? Which devalues the the dollar and hurts us even more long term, which points to the fact that they are buying time even more. The only reason the dollar isn't dead right now, is the entire world's pretending not to see what they've done. The crash was made inevitable years ago, first by turning the American Dollar into a fiat currency, by disconnecting it from Gold. Then, a fiat currency running a fractional banking system did us in. How do they "create" money? Banks are allowed to loan money out, as long as they keep a (small) fraction of the loan amount available for customers to withdraw. When they give someone a car loan, that loan is then deposited into a bank somewhere, and only a fraction of THAT has to be kept, and the rest loaned out again. There are more American dollars (paper and journal entries on a computer) than exist in the physical world. LOTS more. That's why when we split from the Gold standard, Gold cost $35. Now? Over $1,700, and THAT amount is massively held down to keep the secret that the dollar is finished. This $3 Trillion doesn't really mean anything. The end will just come a little quicker. The National debt was impossible to pay back YEARS ago. It's only gotten worse. What will come next will ultimately be a HUGE hyper-inflation, like the Weimar Republic (Germany) in the 20s, only MUCH, MUCH worse. In 1921, an American dollar bought 320 German Marks. By the end, in 1923, one Dollar was worth 4,210,500,000,000 Marks. Our crash will be worse. The end result in Germany was Hitler. Didn't really work out for them. Nope.. Read what I posted earlier . The dollar isn’t dead because your military is still miles ahead of anyone else.. That wasn’t the case by a long shot in 1921 or 1923.. Gold backing is antiquated.. Keep your military cutting edge and you can still be #1. Regardless what most of morans think here. I agree (in a way). Our cutting edge military and the rest of the world complimenting the Emperor's new clothes are two sides of the same coin. There WILL be hyper-inflation, though. You will see. Unavoidable. "Peace in our time? All it took was everybody about to die." “The way I see it, there’s only three kinds of people in this world. Bad ones, ones you follow, and ones you need to protect.” - Amos Burton |
Anonymous Coward User ID: 78905284 United States 05/12/2020 09:37 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? OP still hasn't figured out money isn't real its just a system of control. Controlling you. Quoting: Anonymous Coward 14673134 Correct Control through power Military being #1 power in USA And world hahaha, this is the idiocy that led us to today. you can't get blood out of a turnip no matter how many aircraft carriers you have. and you can't force China to work for free, regardless of how many nukes you have. . |
Anonymous Coward User ID: 78875821 United States 05/12/2020 09:39 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? Trump has advocated money printing several times during his campaign and in those comments does not appear to see any downside to it. His comments are scary and they are easy to find on youtube. Quoting: Anonymous Coward 74825639 So don't expect it to stop - his advisers will condone it and he will stand behind it. I stand behind Trump 100% What's scary to me is people who think this is 1950 and we have another 4,8, 20 years to get it right. What surprises me is all this talk about "we the people" taking back the government when its clear "the people," is a happy fiction. Even on this forum, conservatives hate other conservative worse than Hillary tards, then think with the strangest of logic, that the people who they shit every day on will join them to take back the government. Yeah, that's a plan. |
MrReality
User ID: 47345121 Canada 05/12/2020 09:41 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? At the end of WW2 this is how it looked. Quoting: MlCHAEL Total credit market debt = 363,614,000,000 364 Billion Dollars Total credit market debt is the money supply It's all the money the population has requested commercial banks to create or issue. The public debt = 258,682,000,000 259 Billion Dollars It's the money the US Government has borrowed from the money supply by issuing bonds. In 1945 the US government had borrowed 259 Billion dollars of the 364 Billion dollar money supply. 259/364 = 0.71 So the US Government had borrowed 71% of the money supply by the end of WW2. Current situation? Total credit market debt = 77,283,520,000,000 77.2 Trillion Dollars. It's all the money the population has requested commercial banks to create or issue. The public debt = 25,162,474,000,000 25.1 Trillion Dollars 25.1/77.2 = 0.32 Meaning that the US Government has borrowed 32% of the money supply. The US Government could borrow another 25 Trillion dollars and still be less in debt than they were following WW2. The USA is not close to bankruptcy. Of course online you all seem to get suckered by promoters of this disinformation. The USA was worth more in 1945 - 50's = had a higher GDP. Now the gold is gone, the infrastructure falling apart, etc. There is not so much good faith in the USA from the world as was at that time when the USA was considered the leader of the free world and the economy was strong in part due to supplying Europe as well as having an infrastructure not bombed to shit. 2019 Total expenditure US gov 2019 - 4.5 trillion Total revenue US gov 2019 - 3.5 trillion So even before the "Covid thing" there is a massive deficit annualy. Now the USA is seeking to borrow 3 trillion for the next quarter. If this is correct. It's 100% over. As that is like someone having to borrow in four months close to what they earn in a year. And where is that cash going to those lined up for food, or living in their cars ? wmMmw |
Anonymous Coward User ID: 73071968 United States 05/12/2020 09:41 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? The $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Is coming from the HYPERINFLATION MACHINE! It'Z coming slave... The home of the SLAVE and land of the FEE |
MlCHAEL
User ID: 75756457 Canada 05/12/2020 09:46 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? Lets say you borrow 100,000 Dollars from a bank at 6.36% for 25 years. The payments per month are around $666 $525 per month is Interest while $141 per month is principal. The payments of principal cause the amount owed of 100,000 Dollars to drop until it hits zero in 25 years. The Interest payments add up to 100,000 Dollars after 25 years. Meaning that the bank does not have 100,000 Dollars. It will in 25 years after you spend the next 25 years paying it to the bank. You borrow 100,000 Dollars from a point 25 years in the future to spend in the past or right now. That is ultimately where what you borrow from a commercial bank comes from. It's how banks have operated since before the USA existed and it's how the entire history of the USA and world has been financed up to this point right now. MlCHAEL |
MrReality
User ID: 47345121 Canada 05/12/2020 09:46 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? ... Quoting: ~Newton's Own~ Which devalues the the dollar and hurts us even more long term, which points to the fact that they are buying time even more. The only reason the dollar isn't dead right now, is the entire world's pretending not to see what they've done. The crash was made inevitable years ago, first by turning the American Dollar into a fiat currency, by disconnecting it from Gold. Then, a fiat currency running a fractional banking system did us in. How do they "create" money? Banks are allowed to loan money out, as long as they keep a (small) fraction of the loan amount available for customers to withdraw. When they give someone a car loan, that loan is then deposited into a bank somewhere, and only a fraction of THAT has to be kept, and the rest loaned out again. There are more American dollars (paper and journal entries on a computer) than exist in the physical world. LOTS more. That's why when we split from the Gold standard, Gold cost $35. Now? Over $1,700, and THAT amount is massively held down to keep the secret that the dollar is finished. This $3 Trillion doesn't really mean anything. The end will just come a little quicker. The National debt was impossible to pay back YEARS ago. It's only gotten worse. What will come next will ultimately be a HUGE hyper-inflation, like the Weimar Republic (Germany) in the 20s, only MUCH, MUCH worse. In 1921, an American dollar bought 320 German Marks. By the end, in 1923, one Dollar was worth 4,210,500,000,000 Marks. Our crash will be worse. The end result in Germany was Hitler. Didn't really work out for them. Nope.. Read what I posted earlier . The dollar isn’t dead because your military is still miles ahead of anyone else.. That wasn’t the case by a long shot in 1921 or 1923.. Gold backing is antiquated.. Keep your military cutting edge and you can still be #1. Regardless what most of morans think here. I agree (in a way). Our cutting edge military and the rest of the world complimenting the Emperor's new clothes are two sides of the same coin. There WILL be hyper-inflation, though. You will see. Unavoidable. It's already starting. Everything costs more as there is less supply and the worst has not hit yet. It's crazy already. In Canada there are fewer sales. For someone who plans and waits to get what is needed at a discount it's strange to pay full price. But if you don't buy it what guarantee is there it will be there tomorrow and if it is, it will probably cost even more. The good old days are long gone. wmMmw |
Anonymous Coward User ID: 78875821 United States 05/12/2020 09:47 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? ... Quoting: ~Newton's Own~ Which devalues the the dollar and hurts us even more long term, which points to the fact that they are buying time even more. The only reason the dollar isn't dead right now, is the entire world's pretending not to see what they've done. The crash was made inevitable years ago, first by turning the American Dollar into a fiat currency, by disconnecting it from Gold. Then, a fiat currency running a fractional banking system did us in. How do they "create" money? Banks are allowed to loan money out, as long as they keep a (small) fraction of the loan amount available for customers to withdraw. When they give someone a car loan, that loan is then deposited into a bank somewhere, and only a fraction of THAT has to be kept, and the rest loaned out again. There are more American dollars (paper and journal entries on a computer) than exist in the physical world. LOTS more. That's why when we split from the Gold standard, Gold cost $35. Now? Over $1,700, and THAT amount is massively held down to keep the secret that the dollar is finished. This $3 Trillion doesn't really mean anything. The end will just come a little quicker. The National debt was impossible to pay back YEARS ago. It's only gotten worse. What will come next will ultimately be a HUGE hyper-inflation, like the Weimar Republic (Germany) in the 20s, only MUCH, MUCH worse. In 1921, an American dollar bought 320 German Marks. By the end, in 1923, one Dollar was worth 4,210,500,000,000 Marks. Our crash will be worse. The end result in Germany was Hitler. Didn't really work out for them. Nope.. Read what I posted earlier . The dollar isn’t dead because your military is still miles ahead of anyone else.. That wasn’t the case by a long shot in 1921 or 1923.. Gold backing is antiquated.. Keep your military cutting edge and you can still be #1. Regardless what most of morans think here. I agree (in a way). Our cutting edge military and the rest of the world complimenting the Emperor's new clothes are two sides of the same coin. There WILL be hyper-inflation, though. You will see. Unavoidable. If Hillary had been elected you could have inflation-stable currency in an open borders, 90% tax rate, gun confiscating America which put patriots like you in re-education camps. But the currency would be stable. |
808Scanner808
User ID: 78487224 United States 05/12/2020 09:49 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? Full control and operation of the global drug trade will be brought to light. There is no other source of money to touch such a deficit. Demand for drugs will only increase. Let the members of society do what they please while the rest benefit through fully funded social programs. Concurrent with a thriving system of capitalism not impeded with constraints of funding legacy medical and social programs. 808Scanner808 |
MrReality
User ID: 47345121 Canada 05/12/2020 09:50 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? From the future. Quoting: MlCHAEL Lets say you borrow 100,000 Dollars from a bank at 6.36% for 25 years. The payments per month are around $666 $525 per month is Interest while $141 per month is principal. The payments of principal cause the amount owed of 100,000 Dollars to drop until it hits zero in 25 years. The Interest payments add up to 100,000 Dollars after 25 years. Meaning that the bank does not have 100,000 Dollars. It will in 25 years after you spend the next 25 years paying it to the bank. You borrow 100,000 Dollars from a point 25 years in the future to spend in the past or right now. That is ultimately where what you borrow from a commercial bank comes from. It's how banks have operated since before the USA existed and it's how the entire history of the USA and world has been financed up to this point right now. Then the banks get bailed out with your chedder but you still have to pay your loan and if you miss a payment the interest rate goes up, or your credit down (same thing) and if you can't pay, there is no bailout you loose your shit. wmMmw |
Anonymous Coward User ID: 77449541 United States 05/12/2020 09:51 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77449541 United States 05/12/2020 09:52 PM Report Abusive Post Report Copyright Violation | |
Triteia
User ID: 37760642 United States 05/12/2020 09:58 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? |
Duncan the destroyer
User ID: 78668912 United States 05/12/2020 10:02 PM Report Abusive Post Report Copyright Violation | |
Triteia
User ID: 37760642 United States 05/12/2020 10:09 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? I think we're under a new form of government and they haven't bothered to tell us yet. Only "new normal" Quoting: Michibama I think so too. “New Normal”, “Essential and Non- Essential”, and “Get used to it.” Is all we really know. I really do not think we will be having another Presidential election. Triteia |
Anonymous Coward User ID: 17503234 United States 05/12/2020 10:11 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? [link to www.quora.com (secure)] |
Anonymous Coward User ID: 17503234 United States 05/12/2020 10:28 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? It comes from the class above the visible upper class (i.e. heads of state, billionaires). Quoting: Anonymous Coward 17503234 [link to www.quora.com (secure)] They don't really have a debt ceiling and their ability to borrow AND spend is unparalleled. |
Emerald_Glow 2.0
User ID: 76456970 United States 05/12/2020 10:29 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 17503234 United States 05/12/2020 10:32 PM Report Abusive Post Report Copyright Violation | Re: Where is the trillions coming from for payments and bailouts when our nation is essentially bankrupt? It comes from the class above the visible upper class (i.e. heads of state, billionaires). Quoting: Anonymous Coward 17503234 [link to www.quora.com (secure)] They don't really have a debt ceiling and their ability to borrow AND spend is unparalleled. This is one of them... she is not a big fan of all of her fans/subjects. |
Anonymous Coward User ID: 17503234 United States 05/12/2020 10:41 PM Report Abusive Post Report Copyright Violation | |