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Broke-ass Yankies admit to $3 trillion defict so far in 2020

  1. #21
    Speedy Parker Black Hole
    When I was growing up I had to get up in the morning at ten o'clock at night, half an hour before I went to bed, drink a cup of sulphuric acid, work twenty-nine hours a day down mill, and pay mill owner for permission to come to work, and when we got home, our Dad and our mother would kill us, and dance about on our graves singing 'Hallelujah.'
  2. #22
    Originally posted by ORACLE ITT: Retards do not understand how the deficit works



    Originally posted by ORACLE ^ Doesn't understand how the national debt is serviced or the deficit is financed.

    ^ bangladeshi economic theory expert
  3. #23
    Originally posted by Speedy Parker All I am going to tell you is this. The only reason any modern currency backed by a central bank has value is that you can pay your taxes with it. It is fiat currency and has no real value. Chew on the significance of that young turdhopper.



    no, just no.

    maybe for other countries, but not for the US dollar. the very thing that gives money their 'value' to these fiat monies is like you said, is fiat. the superstition that these papers are good and valid for exchanges of goods.

    USD on the other hand, derives most of its value from global trade. because when an arsetrallian wants to trade with an austrian, he would have to sell his arsetrallian dollar, buy USD, give it to the austrian, where the austrian would change it to euro after receiving it.

    this is what gives USD most of its value. when this stops, USD would lost 1/3 of its value. and when the oil trades stop being done in USD, it will lose another 1/3 of its value.

    americans will never make enough in tax dollars prostituting out their throats and asses in this century to cover their national debts. the whole thing is a ponzi scheme and the only thing left that matters is whos going to end up holding the bag.

    you better start hoarding dimes and nickles because at least you can load them into your shotgun and use as ammo of last resort to kill yourself.
  4. #24
    Originally posted by ORACLE I used to be able to buy three burgers, 5 cokes and a bag of jawbreakers for only half a trillion when I was a youngin like you.

    i used to be able to get you to dance half naked with few dimes worth of candies.
  5. #25
    ORACLE Naturally Camouflaged
    Originally posted by vindicktive vinny i used to be able to get you to dance half naked with few dimes worth of candies.

    I used to get you to suck my penis for 3 grains of rice.

    I still do, but I used to too.
    The following users say it would be alright if the author of this post didn't die in a fire!
  6. #26
    Speedy Parker Black Hole
    Originally posted by vindicktive vinny

    no, just no.

    maybe for other countries, but not for the US dollar. the very thing that gives money their 'value' to these fiat monies is like you said, is fiat. the superstition that these papers are good and valid for exchanges of goods.

    USD on the other hand, derives most of its value from global trade. because when an arsetrallian wants to trade with an austrian, he would have to sell his arsetrallian dollar, buy USD, give it to the austrian, where the austrian would change it to euro after receiving it.

    this is what gives USD most of its value. when this stops, USD would lost 1/3 of its value. and when the oil trades stop being done in USD, it will lose another 1/3 of its value.

    americans will never make enough in tax dollars prostituting out their throats and asses in this century to cover their national debts. the whole thing is a ponzi scheme and the only thing left that matters is whos going to end up holding the bag.

    you better start hoarding dimes and nickles because at least you can load them into your shotgun and use as ammo of last resort to kill yourself.

    You have been lied to and you believe the lie.
  7. #27
    Originally posted by ORACLE I used to get you to suck my penis for 3 grains of rice.

    I still do, but I used to too.

    dont confuse me for your fathers friend.

    i never have moustaches.
  8. #28
    Originally posted by Speedy Parker You have been lied to and you believe the lie.



    poor victim.
  9. #29
    Octavian motherfucker
    Originally posted by vindicktive vinny

    poor victim.

    Low T count.

  10. #30
    ORACLE Naturally Camouflaged
    Originally posted by vindicktive vinny dont confuse me for your fathers friend.

    i never have moustaches.

    Oh no it was definitely you, your ass went up in the air the second your heard rice grain #1 hit the ground.
  11. #31
    Originally posted by Octavian Low T count.


    hmmmm, projector.
  12. #32
    ORACLE Naturally Camouflaged
    Originally posted by vindicktive vinny hmmmm, projector.

    He projects his cum on your face
    The following users say it would be alright if the author of this post didn't die in a fire!
  13. #33
    Originally posted by ORACLE He projects his cum on your face



    Originally posted by vindicktive vinny hmmmm, projector.
  14. #34
    ORACLE Naturally Camouflaged
    Originally posted by ORACLE He projects his cum on your face
  15. #35
    Speedy Parker Black Hole
    Originally posted by vindicktive vinny

    poor victim.

    ^Tonto feeling sorry for the Lone Ranger
  16. #36
    https://www.zerohedge.com/economics/modern-monetary-theory-playing-fire

    bangladeshis opinion need not apply.
    The following users say it would be alright if the author of this post didn't die in a fire!
  17. #37
    Soyboy 2020 IV: Intravenous Soyposting African Astronaut [scrub the quick-drying deinonychus]
    Originally posted by vindicktive vinny https://www.zerohedge.com/economics/modern-monetary-theory-playing-fire

    bangladeshis opinion need not apply.

    Seems to be a pretty good summation and article, right up until the author starts expressing his opinions.

    Such as:
    If the country embraced MMT, there would be massive concerns with cronyism
    lmrao

    MMT is fundamentally proving more or less correct, at least in the short term. Although the whole thing is just Keynesianism 1.5, more than it is a genuinely new theory.

    And the thing about government spending is that those closest to the government will always benefit disproportionately. That's why government spending always tends to keep increasing.
  18. #38
    Splam African Astronaut
    What we need is a new currency!
  19. #39
    -SpectraL coward [the spuriously bluish-lilac bushman]
    They still have the printing presses. No worries.
  20. #40
    ORACLE Naturally Camouflaged
    Originally posted by vindicktive vinny https://www.zerohedge.com/

    Already a joke^
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