Meme Thread for Both Posting and Discussing Memes
- Thread starter Captain X
- Start date
DarthOne
☦️
I pity the fools when the backlash starts. And yes, the memes shown in the reply are that way for a reason.
mrttao
Well-known member
That is an extremely stupid way to present the argument
Germ theory is not "a lie".
Nor does germ theory call for mass forced vaccinations.
Rather, Terrain theory should be looked as a complementary and usually (but not always) more important approach. Where the most essential thing is to avoid a compromised immune system. Because "duh"
If germ theory was a lie, then everyone would have HIV and you could avoid HIV via clean living.
You get HIV from an infected person because this specific virus is extremely vulnerable to the environment and requires blood, needle, or sexual contact.
The only thing keeping the world together is the fact that fiat money is monopoly money.
33 trillion in debt? We could be six trillion trillion trillion dollars in 'debt' and the factories would keep on chugging, the world would keep on revolving.
It's just that nobody would have any 'true' wealth.
Edit: People also never mention WHO we are in debt to. What, the fucking Decepticons on the moon or something?
Carrot of Truth
War is Peace
There is no way that money is ever going to be paid back, I guess that is just a time bomb our government keeps ignoring.
mrttao
Well-known member
plenty of people have true wealth.
property is true wealth and is being accumulated by the oligarchs. see blackrock.
debt is to many places.
most is to oligarchs who just created the money to give the govt out of thin air thanks to certain oligarchs being allowed to do so as per federal reserve act.
when the oligarchs created the money they effectively stole it.
For america that theft is from the entire world's population due to petrodollar, for other countries the theft is from only local citizens.
Also most is your retirement funds. that 401K retirement plan? lots of it is "safe" and "reliable" "investment" of loaning money to the govt. called treasury bonds
The main thing that is holding world together is USA military might. because anyone who tries to get away from USA yoke gets killed. (ex: kaddafi). Which is why other countries are all still using petrodollars.
Morphic Tide
Well-known member
The trick of it is that it's a running total, where on a per-loan basis it's consistently payed back. As the US government operates with no expectation of stopping and the bonds most of this works with are securitized for High Finance shenanigans, such an "eventually" is fine for the creditors.
mrttao
Well-known member
it isn't really a "trick". It just relies on debasing the currency. which makes the commoners poorer via the grindstone of inflation.
Morphic Tide
Well-known member
No, it goes back long before dropping the gold standard because padding the budget with debt is always useful lubrication, continuous inflation just makes it a lot better because old debts are actively easier to pay off. So long as the economy expands in some way the government can tax, it's a sound strategy.
mrttao
Well-known member
I am pretty sure it is not "how much money we ever borrowed"
but "how much money we currently owe"
when debt is paid, the national debt figure decreases.
it is just that they always raise it instead of paying it.
it is a "sound strategy" if you are an oligarch robber baron who thinks that trying to suppress the middle class is a good idea
Morphic Tide
Well-known member
...Treasury bonds are literally labeled by how long they last. A 5-year bond is payed back five years from being issued, period. The legislation they constantly modify to raise the debt ceiling is not required to take out any new debt, it is required to take out additional debts that increase the big number of how much debt is currently owed. That is the rolling total, individual creditors are payed back quite regularly and usually in short order but are replaced by yet larger sums.
This is the chart of what I'm talking about:
Notice how it only started seriously climbing after 2008. Notice how the spike in 2020 immediately started going down.
mrttao
Well-known member
So you agree with me.
My impression earlier was that you were saying that they do not subtract paid back debt. Making it a "scary number just for show" rather than actual debt that is owed.
They do subtract paid debt. They just borrow more than they pay back. so it constantly goes up.
I am aware of it, yes.This is the chart of what I'm talking about:
Notice how it only started seriously climbing after 2008. Notice how the spike in 2020 immediately started going down.
Although it is a bit misleading. it is not numerical debt, it is (debt / GDP * 100%).
It shows the govt is getting more reckless. They had a stable theft system that constantly stole money via the grindstone of inflation. But they decided to set it all on fire by just going bonkers with debt / GDP ratio
Morphic Tide
Well-known member
The point is that the big scary number that @Carrot of Truth thinks "will never be payed back" has always been payed back on a per-loan basis, only really took off after arresting a housing market collapse, and began going down within months of the recent crisis spending spike.
It is not "misleading" because this is the number that drives fiscal policy, not the notional amount of dollars, because it's the GDP that determines the government's potential to repay the loans. It's not "reckless" because they're juggling two massive economic breakdowns right now because they never actually solved 2008's spending causes.
It generally going up is normal and desirable by everything that is understood of how money works for governments, because they're working with a revenue stream directly proportional to the economy, which generally grows over time and thus so does the government's ability to afford interest payments.
Routine use of debt is economically superior, as it takes time to save up money during which those savings are removed from circulation. Trying to run large-scale economic actions on savings induces extremely hazardous price volatility due to unplanned money supply fluctuations.
Inflation is reliable, which means that things can be planned out. "Your savings" are economically illiterate garbage that cannot drive fiscal policy, it's all about liquid assets and loans so that we don't get a repeat of dragging out a depression for half a decade from a fucking third of the money supply being stuffed under people's mattresses.
Simonbob
Well-known member
....... Sorry, man.
No. Just, no.
Money, no matter the amount, isn't the thing that matters. It's the medium of exchange. It does nothing on it's own.
More money does NOT mean more goods and services, so the real economy doesn't grow based on the money supply. In fact, the real economy shrinks, as actual working companies find more and more of their actual purchaching power stolen between getting said medium of exchange, and attempting to trade it in for something real.
Inflation is just another tax. That's all it is. And tax is never good for the economy. Never.
No. Just, no.
Money, no matter the amount, isn't the thing that matters. It's the medium of exchange. It does nothing on it's own.
More money does NOT mean more goods and services, so the real economy doesn't grow based on the money supply. In fact, the real economy shrinks, as actual working companies find more and more of their actual purchaching power stolen between getting said medium of exchange, and attempting to trade it in for something real.
Inflation is just another tax. That's all it is. And tax is never good for the economy. Never.
mrttao
Well-known member
This is what the bankers tell us.
But it is not true.
This is simply the sign of a socialistic-feudal oligarchy who is squeezing the commoners to give to the blue bloods.
Also, when inflation pushes GDP up, that does not mean you actually produce more.
Morphic Tide
Well-known member
The economy needs a predictable money supply to run efficiently instead of having noisy loss from price fluctuations due to unplanned changes, and fiscal policy driven inflation is predictable while the savings-spending it disincentivizes is not.
If a Beenie Baby crazy kicked off in a thoroughly savings-based economy, you'd see an abrupt surge in the money supply resulting in wholly unanticipated inflation as that money makes its way around, suddenly spiking prices in ways nobody stockpiled the resources to pay for, cascading an extremely abnormal wealth redistribution.
If things enter a depression and literally everyone tightens their belts, then suddenly there is a drastic decline in the money supply, causing a general liquidity crisis from the sudden collapse in availability of the medium of exchange. It drew out the Great Depression, it had a big hand to play in how 2008 went, it's a very real problem.
You cut out the reason. Are you saying that it is wrong for somebody to increase their credit card spending after getting a raise? Because that is the basis from which I am defending a growing face-value sum of government debt, and this basis inverting is definitionally a contraction of the economy.
mrttao
Well-known member
1. yes. credit cards are bad. debt traps meant to enslave you. you should only use them when you absolutely must.
2. I disagree with the analogy.
a. a raise is increase in productivity. GDP is not a measure of productivity but a measure of productivity * inflation. Most GDP "raises" come from inflation increasing which goes alongside production decreasing
b. it is more accurate to say theft rather than a raise.
3. The entire fiscal system is designed by feudalistic oligarchs for feudalistic oligarchs. They say it is "the best", how so? all it is doing is stealing money from the public and funneling it to their pockets