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829

Also known as a shell game. Get your popcorn out, this should be fun. :)

Also known as a shell game. Get your popcorn out, this should be fun. :)

(post is archived)

[–] 0 pt

Hyperinflation here we fucking come!!

Can you imagine what nat gas is gonna do come January and Feb next year? Fuuuuuuuck. We had a chance to stop all of this but we decided to stick our heads in the sand and hope it went away.

BOIL Jan calls? Jan/Feb nat gas futures contracts?

Since people are fucking retarded and the lunacy will never stop until most are dead, might as well try and make some money.

[–] 1 pt

I agree.

Only 2 possible outcomes:

  • Fed stops printing and the economy crashes resulting in old people starting and the shelves are empty. Oh, and what they really can't afford is the stock market crashes in this scenario.
  • Fed keeps printing and savings are worthless, old people starve, shelves are empty, but the stock market is nice and juicy.

Obviously, they can't let their pay masters down so the market won't be allowed to crash. So inflation here we come.

[–] 0 pt

This is the stupidest fucking thing I have ever read.

[–] 0 pt

Only an idiot leftist would think this a good idea. Axios always panders to morons.

[–] 0 pt

For those who wish for a primer on the topic. (en.wikipedia.org)

TL/DR:

  • US Mint is authorized to issue currency of any denomination.
  • US Mint can issue currency and then deposit it at the Fed. (Remember the Fed is a private org and officially NOT part of the US Govt.)
  • Now the Fed records the credit and reduces the debt (owed by the US Govt to the Fed.)
  • This in effect has the same impact as increasing the debt limit - we would just be increasing the monetary base instead of adding to the debt.

But - to say it won't be inflationary also assumes that US Govt spending also isn't inflationary. Which, in my opinion, is a farce.

[–] 0 pt

fucking jews, holy shit! how does this shit even make sense to these people.

[–] 0 pt

So…can we just print 30 of these and pay off the national debt? Asking for a friend…

[–] 0 pt

amazing! shit just print 10,000 more of those. we good