Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: stanne
I think you completely don't understand what is going on beyond your front door. We will have a depression otherwise, so everyone can be miserable. One third of restaurants are going to go belly up. You will have homeless everywhere if the government does not bail out everyone and all industries. They caused it.

Also, the notion that it will come from our kids is very 1980s. At this point, we all know, the government will not be paying any of this debt back. It is too big and every politician in DC knows we aren't going to pay down the debt. We aren't borrowing the money from anyone. The Fed creates money out of thin air and electronically loans it to the federal government. The Fed just keeps the money on its balance sheet and that's that.

At some point, the debt will get to be so big, there will be hyperinflation. It could be 5 years from now or 50 years from now. No one knows. The government will then pay the entire debt back with tons of inflated money and then issues a new currency and we all start over again.

That is the history of the world. No currency from any one country has lasted more than 200 years, but that is the scenario to expect and all the senators and congressmen know it and they just hope it does not happen on their watch and it probably won't.

101 posted on 08/01/2020 8:21:31 PM PDT by Dave W
[ Post Reply | Private Reply | To 59 | View Replies ]


To: Dave W

“... At this point, we all know, the government will not be paying any of this debt back...”

We all know...nothing.

Anyone e we go does not realize that all debt is paid by either the debtor or the debtee knows very little about this particular subject.

Furthermore, People are being paid more to not work than to work.

Lastly, it is a national security problem.

I will say and agree that as an issue of preserving the senate and gaining the house and keeping beloved Trump in the White s—- ya. Bring it on.


105 posted on 08/01/2020 8:34:57 PM PDT by stanne
[ Post Reply | Private Reply | To 101 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson