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Germany in 2014 gets it now. The entire world is controlled by greed, capitalism, and the 1%.
The Eurozone has been a scam authored by Europe's 1% elites to widen the gap between the rich and the poor. How many times will Germany tell other countries to bleed their own people dry with Austerity? Austerity has never boosted the economy... ever.
If you have family in Europe, tell them to wake the hell up. An economy cannot grow by draining the bank accounts of its consumers.
Money printing has also enriched the 1 percent at the expense of the middle class.
"Money printing" is a pejorative used to conceal your lack of acceptance of monetary policy.
All government expenditures use "printed" money. The economy grows by the government spending money. If the government spends no money, the economy can't grow. It's pretty simple.
Austerity is preferred by the 1%, because government spending helps the 99%.
"Money printing" is a pejorative used to conceal your lack of acceptance of monetary policy.
All government expenditures use "printed" money. The economy grows by the government spending money. If the government spends no money, the economy can't grow. It's pretty simple.
Austerity is preferred by the 1%, because government spending helps the 99%.
LOL.
Right. Please explain, why the Fed is buying the Obamadebt, rather than having Treasury sell that debt, genius.
I will after you explain why asset swaps within the government mean anything to you.
Right.
Ok, here's another form of the question: why am I paying taxes? If the federal government can simply fund itself via the Fed buying its debt, let them buy all the debt.
What would be the consequences of that for the dollar?
Ok, here's another form of the question: why am I paying taxes? If the federal government can simply fund itself via the Fed buying its debt, let them buy all the debt.
What would be the consequences of that for the dollar?
They do buy all the debt. Debt is the Fed's money creation on the balance sheet. Government debt is a notation for the amount of T-securities floating around. It is equal to the net worth of the Private Sector + Net Exports.
You gotta divorce yourself from the idea that "the dollar's value" has any relevance to your life. The only thing that matters is the % of dollars in the economy that you "own." Wealth is relative.
The government collects taxes to deflate the currency and discourage excess saving that would be at the expense of production. In a fiat currency system (which they all are), the issuing government doesn't need a $ of your tax revenue to "fund" services.
Its not so much Germany; its so much the rest of Europe wanting something for nothing.
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