I ordered Chinese take out delivered and when the guy came to the house I opened the door in a MAGA shirt and hat and screamed :
Your question is a good one; one that millions of U.S. citizens could reasonably ask. It is at the heart of a great misunderstanding among the public, who with very rare exception do not recognize that their personal financial constraints are very very different from the Federal Government's financial constraints. It would seem too that a surprising number of our members of Congress harbor the same misunderstandings, though I can't be sure they aren't just pandering to their electorate. To some extent we should blame our central bankers and our Treasury Dept. for not doing a better job of educating the public. The basics are not that difficult to grasp. You have to borrow before you spend, your country doesn't. In fact, your country doesn't have to borrow at all, not for the purpose of raising money to spend anyway.* Instead your country creates through its routine and coordinated Treasury-Central Bank operations the illusion of borrowing to spend. In reality, however, Treasury bonds serve an entirely different purpose than that of raising money to spend. You can not spend money you don't have and you can't create money. You country, on the other hand, regularly and consistently spends before it creates the illusion of having borrowed that money. You can't do that. Your country can create as much money, and without limit, as it wants to. You can't. But, and this is key, your country can not create without limit the buying power of the money it creates. You can decide to "tighten your belt" and spend less than you earn. You can do this repeatedly year after year if you want to. Through this process you can "save money". If, year after year, your country spends less than its revenue, the entire country will suffer from deflation and recession. On the other hand, your personal savings, by itself, will have no affect on the purchasing power of the money in circulation. Of course there are practical limits to, and ultimate consequences of, a country creating and allowing to remain in circulation more money than its economic productivity can justify. You warned: "...we are the great USA, we are the reserve currency! I say, until we are not. I hope we will all take this warning to heart. ______________________ *Some countries have laws requiring that spending in excess of revenues be matched with corresponding borrowing, though the borrowing does not necessarily have to precede spending. The U.S. does not.
Baron has them. Send your money, and get the fuck out of here, retard... I would only banish you from P&R - you can continue posting in trading related forums as I imagine you might have some knowledge about something other than the crack of your own ass... might need to just use your other pseudos (Really Really Young 16) to jackoff with your libtard buddies...