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$57,200,000,000 Added to US Debt in Four Days As Billionaire David Rubenstein Issues Warning on America’s Economic Future
Daily Hodl ^
| Daily Hodl staff
Posted on 07/23/2023 10:05:00 PM PDT by cba123
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Not good
1
posted on
07/23/2023 10:05:00 PM PDT
by
cba123
To: cba123
Rubinstein. Look in the mirror.
2
posted on
07/23/2023 10:09:16 PM PDT
by
nwrep
To: cba123
“The only alternative is to inflate your way out.”
That is absurd and doesn’t work. In a high inflationary environment, everything the government purchases soars in price. All recipients of social security and transfer payments demand COLA adjustments. So government expenditures soar and you keep chasing your tail. Sure your current debt obligations get paid with devalued dollars, but that doesn’t cover current expenditures.
3
posted on
07/23/2023 10:12:42 PM PDT
by
ProtectOurFreedom
(We are proles, they are nobility.)
To: cba123
Communist coups carry catastrophic consequences comrades.
4
posted on
07/23/2023 10:15:18 PM PDT
by
Manic_Episode
(A government of the government, by the government, for the government)
To: cba123
5
posted on
07/23/2023 10:15:53 PM PDT
by
montag813
To: All
How do rich people deal with inflation?
Can ordinary middle class people mimic the rich people in this regard?
(Physical gold??)
6
posted on
07/23/2023 10:16:18 PM PDT
by
SteveH
To: cba123
So we’re going to inflate our way out
This is typically how paper systems are sorted out in the end. If Congress or the President tell Powell and Federal Reserve Board to print more money right now, he will say no. But if several banks become insolvent at once, the Fed will print dollars, many dollars.
To: cba123
And all the talking drones of the democrats will say, in unison, “Trump’s tax cuts for millionaires and billionaires.”
8
posted on
07/23/2023 10:26:19 PM PDT
by
Organic Panic
(Democrats. Memories as short as Joe Biden's eyes)
To: ProtectOurFreedom
That is absurd and doesn’t work.
Sure it does. High inflation lowers the debt relative to total money supply. High inflation, followed by super inflation, is the same thing as a default, it just happens over a longer period of time instead of all at once.
To: ProtectOurFreedom
Inflation is always and ever a monetary phenomenon, but it is also a political one.
Once money or currency becomes untethered to any kind of standard or objective unit of account it is simply a matter of time. Monetary Inflation is a default, but it is spread out over time, and favors certain classes, namely the first people who get their hands on it to spend it.
To: cba123
It’s almost as if our nation’s leaders are all being controlled by our enemies.
11
posted on
07/23/2023 10:38:37 PM PDT
by
The Duke
To: All
.
Congress spends like Crazy.
They sure aren’t concerned about anything Debt related.
They can’t tell you where half of it goes.
12
posted on
07/23/2023 10:39:25 PM PDT
by
AnthonySoprano
(May 2023: I Guarantee McCarthy won’t allow Biden Impeachment to move forward )
To: cba123
13
posted on
07/23/2023 10:43:29 PM PDT
by
Dogbert41
(“Blessed are the peacemakers, for they will be called children of God” -Matthew 5:9)
To: Dogbert41
14
posted on
07/23/2023 11:27:35 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: cba123
15
posted on
07/23/2023 11:36:20 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: cba123
Rubenstein says America’s economic fundamentals are setting the stage for a mounting clash between those who have wealth and those who don’t.The elites think they can just retreat to their bunkers, and it won’t affect them. I think the people will find them, no matter where they are.
16
posted on
07/24/2023 12:08:02 AM PDT
by
Mark17
(Retired USAF air traffic controller. Father of USAF Captain & pilot. Both bitten by the aviation bug)
To: montag813
Wow. What a scene that was!
17
posted on
07/24/2023 12:11:01 AM PDT
by
Migraine
Scumbags at the expense of US sovereignty sucking at the teat of the US taxpayer — current and future.
Should those scumbags be stopped by any means necessary?
What would CIC George Washington do?
18
posted on
07/24/2023 12:14:10 AM PDT
by
Gene Eric
(Don't be a statist!)
To: cba123
To: AnthonySoprano
A silver lining of the Great Replacement is that many Americans today won’t have descendants paying the bills for today’s expenditures; the replacements filling the country are providing the future contributors to the gubmint funds. That is why they are trafficked here to begin with; even now the NYC mayor is moving the single men out of the shelters and giving preference to the women (wombs) and children to keep the city populated.
20
posted on
07/24/2023 2:17:13 AM PDT
by
kearnyirish2
(Affirmative action is economic warfare against white males (and therefore white families).)
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