How does the modern monetary system work? How does the USA have a 25 trillion debt obligation, when the monetary supply is only 14 trillion? Who is this money owed to?
How does the modern monetary system work? How does the USA have a 25 trillion debt obligation...
Hunter Williams
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Samuel Miller
Don't worry about it
Easton Carter
Money is owed to the federal treasury and other countries
Adam Rogers
It's not debt like a private citizen has. It's owed roughly to each citizen of the country, and works kind of like futures.
Justin Campbell
The world economy is a house of cards built on short term exploitation and selling fools gold. Money hasn't been real since the gold standard. And anyone that suggests it goes back who has any power ends up dead.
Eli Lopez
Bond holders. I am not sure why we are still paying interest. T-bills are practically negative rates, but we still spend like half a trillion dollars a year just on debt interest.
Brayden Martin
ever notice how your living standard sucks compared to your parents?
yeah, that's where the rubber met the road
now we step over homeless people everyday but MMT people will convince you we are getting richer because we have meme phones
John Clark
Jaxon Morales
Governments borrow money which doesn't have to be paid back until inflation has made the debt a trivial amount. 25 trillion in todays terms is 25 trillion in 100 years, but in 100 years, due to inflation, it will be an easily manageable repayment. Incidentally, this money doesn't actually exist until it is has been issued, it is literally created out of thin air with a promise to pay it back in the future.
For example, The UK government just recently paid of the debt from WW1 - bbc.co.uk
On the other hand, when you take out a loan it all works the same way but the period of time to pay it back is drastically reduced so that you don't die before repaying it. You have to wagecuck until it is paid off, governments have to ensure wagecucks continue to pay tax until their debts are paid off.
Jonathan Phillips
To extend on this, when a loan is issued the 'money' is created from nothing, but it has to be repaid PLUS interest. Now the money was created, but the interest wasn't. So how do you repay the loan AND the interest?
You are relying on banks to issue loans to other people, who also have to pay back their loan PLUS interest. This is great when rates are low and the 'economy is good' but once in a recession, when banks are tighter with loan criteria it becomes mathematically impossible for everybody to be able to repay their loan because the loan has to be paid back PLUS interest and the interest being in circulation is dependent upon loans being issued.
This means that some people will be a-ok and will manage to make their repayments but other people will not. In-fact it is statistically impossible for everybody to be able to repay their loans because, at the greater scale, there isn't enough money to be able to do so.
This leads to forclosure/repossession of assets. The bank wins, some people make it, many people lose.
This is also why there are cycles of 'boom and bust'. It's a scam to steal all the real stuff.
Logan Long
It's fake money. It's owed to nobody. Each dollar is leveraged and diluted to a fraction of its value. Thats why there will eventually have to be a debt jubilee. Basically everyones debt will be forgiven and wiped out. Thats where gold comes in. It will serve as a stable store of value while the world transitions over to a fully digital currency.
Oliver Diaz
Jews press button, and beep-beep-boop-beep-beep, money appear like magic. Why so hard to comprehend?
Andrew Gray
>Money is owed to the federal treasury and other countries
>It's not debt like a private citizen has. It's owed roughly to each citizen of the country, and works kind of like futures.
the absolute state of financial literacy on Zig Forums...
go and read the creature from jekyll island: the federal reserve is a private company with shareholders. federal reserve notes are not lawful money. every central bank in the world runs the same scam.
Julian Martin
>federal reserve notes are not lawful money
So you can't buy things with them?
Lincoln Butler
You deserve it.
Josiah Cruz
Can you recommend literature elaborating on this scheme?
Christian Collins
It's all worthless. Everything you own has no value. It's the illusion that keeps everything running.
Logan Campbell
Our constitution explicitly states what is legal tender; federal reserve notes are not constitutional
Bentley Robinson
Then it's lucky they were able to ignore that piece of paper and advance with the times.
Jaxon Peterson
>Everything you own has no value.
what a fucking retard, truly.
Camden Russell
Watch Hidden Secrets of Money on YT from Mike Maloney
Andrew Perry
james corbett (corbett report on YT) has some good things on money/bankers
Ethan Jackson
...
Christopher Cook
Real life is a giant game of monopoly my guy
Read the rules on what to do when the banker runs out of money
Cooper Miller
fpbp
Kayden Jenkins
The Money Masters:
youtube.com
Money As Debt:
youtube.com
The Fall Of The US Dollar: Is The Return To A Gold Standard Inevitable?
youtube.com
Hidden Secrets Of Money:
Part 1
youtube.com
Part 2
youtube.com
Part 3
youtube.com
Part 4
youtube.com
Part 5
youtube.com
Part 6
youtube.com
Part 7
youtube.com
Part 8 (crypto is NOT a solution though)
youtube.com
Leo Adams
The monetary system is modern day slavery.
Our nations are controlled by the same families who have always controlled colonial Europe.
All money is actually debt and all debt is created out of thin air by private banking cartels.
The debt is privately owned by elites in our society, the debt is created by governments and repaid by the tax payers.
> It's interesting that if all debt was to be repaid there would be no money in existence.
The debt markets control the governments and the debt is controlled by private interests hence we are all slaves to a tyrannical system masquerading as a representative democracy.
Money is an idea that enslaves the people, greed is what binds those who cooperate and become guardians of the game.
If this sounds like a shit system buy bitcoin work for cryptocurrencies and don't use banks.
Jayden Gutierrez
This thread is full of retards and schizo conspiracists.
>25 trillion debt obligation, when the monetary supply is only 14 trillion
There is no contradiction at all. If there is only 1000 money in economy nothing prevents you from being 2000 in debt just from borrowing twice.
>Who is this money owed to?
Whoever bought the bonds. But when it is owned by the Fed it is just masked printing money for the government out of thin air.
FED IS FULLY CONTROLLED BY AMERICAN GOVERNMENT. Muh private independence is only a mask.
Mason Gomez
>Who is this money owed to?
Bondholders, who are mostly just rich US citizens, banks and financial corporations.
Congratulations! Now you understand why is there so much fretting over the national deficit. If the deficit gets bigger, all the existing bonds will lose their value.
You now also understand why the whole "whining about the debt" movement was astroturfed in the first place. I mean, it's that and just plain racialized anti-welfare sentiments.
Jaxon Cox
Hudson Walker
i will gladly pay you tuesday for a hamburger today
Nolan Smith
>How does the modern monetary system work?
pic related
refer to vid related for dealing with it:
youtube.com