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  1. #1
    hills's Avatar
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    Quote Originally Posted by alloy2 View Post

    The American debt rests on the shoulders of the citizens of the USA, people will be enslaved -chained to this debt for decades.
    I kinda disagree. You have to understand the mechanics of monetary inflation to wrap your head around it.



    The cliff notes version of the story is that the higher the debt ... the lower the value of the USD as a fiat currency. It's a form of indirect taxation and ultimately a redistribution of wealth.

    Here's an intro to the inflation tax and how it works:

    https://www.forbes.com/sites/william...h=774106a02f03

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    alloy2 started this thread.
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    Quote Originally Posted by hills View Post
    I kinda disagree. You have to understand the mechanics of monetary inflation to wrap your head around it.

    The cliff notes version of the story is that the higher the debt ... the lower the value of the USD as a fiat currency. It's a form of indirect taxation and ultimately a redistribution of wealth.

    Here's an intro to the inflation tax and how it works:

    https://www.forbes.com/sites/william...h=774106a02f03
    Last edited by alloy2; 02-14-2024 at 12:11 AM.

  3. #3
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    Quote Originally Posted by alloy2 View Post
    Whoo boy ... i hear ya. I do the shopping. My wife does the cooking and makes everything from scratch. She's got a real knack for it.

    It's a hard call. I think the worst of it is the cost of healthcare here in the states. Health insurance to cover me and my wife is about $ 2,300.00/month now.

    I'm so thankful that they saw fit to give me a 17 % raise on the job last month. That should cover cost of living increases and even leave a bit left over to represent real wage growth this year.

    The ones that seem to be suffering the most are the retirees living on a fixed income. The buzzword in the US congress a few years ago was that " a rising tide (of inflation ) floats all boats." That simply wasn't true because some boats are firmly anchored to the bottom. This is what you get with Keynesian economics and a center left progressive government that's looking to expand it's social programs. There ain't no such thing as a free lunch. One way or another it all gets paid for through direct and indirect taxation.

    You guys up in Canada are in a better position because you're able to sell off your natural resources .. like oil .. to help fund your social programs. You really don't have to fund any kind of a military because you are under protection of the United States. You can live in relative peace & prosperity because we're the ones doing the heavy lifting.

    Which kinda brings us full circle to Tucker & Putin. There was really no need to watch the interview. There's an easy way to tell when Putin is spinning his lies.

    His lips are moving.

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    alloy2 started this thread.
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    Quote Originally Posted by hills View Post
    Whoo boy ... i hear ya. I do the shopping. My wife does the cooking and makes everything from scratch. She's got a real knack for it.

    It's a hard call. I think the worst of it is the cost of healthcare here in the states. Health insurance to cover me and my wife is about $ 2,300.00/month now.

    I'm so thankful that they saw fit to give me a 17 % raise on the job last month. That should cover cost of living increases and even leave a bit left over to represent real wage growth this year.

    The ones that seem to be suffering the most are the retirees living on a fixed income. The buzzword in the US congress a few years ago was that " a rising tide (of inflation ) floats all boats." That simply wasn't true because some boats are firmly anchored to the bottom. This is what you get with Keynesian economics and a center left progressive government that's looking to expand it's social programs. There ain't no such thing as a free lunch. One way or another it all gets paid for through direct and indirect taxation.

    You guys up in Canada are in a better position because you're able to sell off your natural resources .. like oil .. to help fund your social programs. You really don't have to fund any kind of a military because you are under protection of the United States. You can live in relative peace & prosperity because we're the ones doing the heavy lifting.

    Which kinda brings us full circle to Tucker & Putin. There was really no need to watch the interview. There's an easy way to tell when Putin is spinning his lies.

    His lips are moving.
    Stolen from us, the arrow.


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