Sorry, can't watch the video, short on internets.
I do not think we are in a debt bubble.
A bubble is something that gets blown out of proportion by the influence of cheap money.
The debt isn't this thing that gets blown our of proportion.
It is the thing. Money as debt, and so the flip side of the coin is ever increasing debt.
The problem with it, is that it is now getting to be magnitudes larger than the money. If we could be fine having a million dollars, and a billion dollars of debt, then the farce could go on.
The actual problem with it is, like I tried to tell my friends years ago. They were conservatives who talked about paying off the national debt. I told them that the national debt couldn't be paid off. There wasn't enough money in the world. They didn't believe me. From their perspective, they just had to work more to get more money, be frugal and pay your debts.
So, now we enter a time where the national debt will dwarf M1 despite the chart shenanigans. Soon it will dwarf M3. Its a perception thing.
@builderofcastles, I am a conservative, I get it the debt America has is really not a problem. If the US actually reduces its budget and tries to pay off the debt, it will cause world deflation like we can not imagine. Many people don´t get the fact the $ is the reserve currency if there are less dollars in the system, there will be deflation.
Two ways I could see the US having a problem. They keep on putting sanctions on other nations. Sanctions causes other nations ability to operate smoothly , I could see an alternative reserve currency as a result. However, that could take a few years to happen. Or a total loss of confidence in America´s political system. Let´s say Trump tries to renegotiate the "debt" Who would want to buy US bonds if they believe they might not get a return on their initial investment.
I believe Greg might just get lucky on this one. Not because there is a debt bubble like he says. But from other factors by trying to pay off the debt, or a loss of confidence with Washington.
This is the kind of debate I would have with my friends.
The point is completely missed.
Go back and read Creature From Jekyll Island.
We CAN'T Pay Off the National Debt.
(period, straight from known facts. because math, bitches)
The only way money enters the economy is that it is loaned into existence.
So, you borrow a $1, you have to pay back $1.05.
The $0.05 doesn't exist. If you gave back all the money in the world ($1) there isn't anything to pay the 5 cents.
And this has gone on for a hundred years. Now it is something like we have $1 and we owe $1000. If we gave back ALL the money, we would still owe $999.
And all money from central banks are like that. The entire world. If everyone in america suddenly paid off their homes there wouldn't be any money left. If The US govern-cement suddenly paid off the national debt, there wouldn't be any money left.
What do you think of The Fed's plan to fund Trumpf's wall via low interest loans that the lenders are actually paying a monthly fee to keep in place? I think the plan is BRILLIANT! Europe, China, South America, Russia all collapse and they all come running to Janet Yellen to lend her money at less than 0%...just to save their money from going from being worth 100% to 30%. Janet is one smart beitch. But do ya think she's sexy? :-)
Chump's wall is either one of two things
Neither of these are good. But they sound good to a population who believes "dem furreingers are taking our jobs". When what really happened is the repulicrats sold their jobs.
Janet is a public mouth piece. She is told what to say and when to say it. She has slipped up several times on her recitals. I do not find her sexy or smart.
As financial systems go, we know live in upside-down land. Where everything is backwards. People paying people to keep loans, etc.
Nice! Glad to see that you didn't fall for the scam that is crypto currency. If I am wrong in my ass-umptions then I would "suggest" you cash in and go "all out!" here at BTC $2770 and buy lots of pork and beans if you believe martial law will go into affect. Make sure you buy Heinz brand beans as I was told they's the bestest. :-)
If you buy beans, buy them dry and in sealed 5 gallon buckets.
If you eat beans learn to cook em up yourself.
Anyone who is good at preparing beans can put Heinz to shame.
Beans n bullets. (Copyright: JoeJustJoe 8/1/17) And 10 foot chain link fences! Nobody wants their pet cat or dog eaten by the neighbors. *-)
"A way to keep americans from escaping when they actually start martial law" Usually the President who creates something really doesn´t use it. It´s the President after who will use the wall to keep Americans from leaving the USA. Trump will build it. It will be one of the career politicians who will abuse it.
@builderofcastles I get it the republican party is filled with a bunch of career criminals. However, don´t be fooled, the Democrats in DC are just as corrupt. Republicans and Democrats have been playing the people against each other for years, while they both commit crimes against the American people. The career politicians in DC are one party and we are not part of it.
@joejustjoe "Janet is one smart beitch. But do ya think she's sexy? :-)" only if she shaves her pussy.. her stellar hot body makes me want to wank off all day!