Jura The idiot
General
Sep 13, 2017
Current
02/11/2019
Total Public Debt Outstanding
22,012,840,891,685.32
and, oops, it's 22t now:
Current
02/11/2019
Total Public Debt Outstanding
22,012,840,891,685.32
American Economics Thread
- Thread starter Bernard
- Start date
AssassinsMace
Lieutenant General
Anybody check out Andrew Yang who's running for President for 2020? This is a guy running on a platform of universal basic income of $1000 a month for every American between the ages of 18 to 64 no questions asked. That's the biggest thing about him which requires further examination but this candidate is different from everyone else. He doesn't talk divisive politics and he seems to be gaining traction on the left and the right. He explains what he's for without trying to play politics unlike the typical politicians who say a lot but really say nothing in the end.
Let's see how far he gets.
Let's see how far he gets.
Plus US corporate debt = another $15 trillion
Plus US household debt = rising to another $13.54 trillion
While the US government might try to print its way out of its debt, US businesses and private people cannot. If businesses and people cannot pay, they cannot pay.
Andrew Yang is a hack. The US government is running more than a trillion dollars a year worth of deficits as it is. Where is the money for his basic income going to come from ?
Equation
Lieutenant General
Get the Treasury Department to print more money of course.
If American tax payers can bail out the elite bankers in trillions of dollars that failed back in 2008 why can't the middle class get a stimulus package as well?
Maybe China will buy more agricultural products to help with the trade deficit with the US.
And maybe there is another irony --- the US cannot produce no longer what China is willing to buy, as the US agricultural sector is facing a catastrophic climate calamity that can bring massive food shortages. Worried about China not buying soybean? Worry more about not able to grow soybean because fields are flooded. Soybean and grain that China didn't buy last year because of 'trade war' are stored in bins, and these bins are bursting due to expansion from flood and moisture. All that stored beans and grain are being contaminated and destroyed.
The snow from one of the worst winters in memory, is melting into one of the worst US floods in memory.
And maybe there is another irony --- the US cannot produce no longer what China is willing to buy, as the US agricultural sector is facing a catastrophic climate calamity that can bring massive food shortages. Worried about China not buying soybean? Worry more about not able to grow soybean because fields are flooded. Soybean and grain that China didn't buy last year because of 'trade war' are stored in bins, and these bins are bursting due to expansion from flood and moisture. All that stored beans and grain are being contaminated and destroyed.
The snow from one of the worst winters in memory, is melting into one of the worst US floods in memory.
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AssassinsMace
Lieutenant General
I just saw Tim Ryan who's running for President being interviewed. He's angry that China dominates 40% of the electric car market when the US should be dominating. Problem is China is the largest market for electric vehicles in the world and doesn't have Chinese electric cars exported to the US so he's actually demanding that the US dominate the Chinese electric car market. I know these are the typical lies of US politicians intentionally mispresenting the facts trying to falsely accuse China of victimizing the US to get elected. Tim Ryan represent Ohio. He's a part of the US that rejects electric cars for politics and their masculinity. Don't blame China because Trump sees value in coal over any green technology.