i still dont understand why cant US print money and give everyone $1 million

[siablo14]

this is theory.. why would price go up just because everyone got money..

People would be willing to pay more for goods and the quantity demanded would exceed the quantity supplied.

[ßringer]

Found the "Bernie or Bust" voter.

[Zaroku]

When you wake up tomorrow a pack of gum would cost $10,000

But not if we take over all the worlds oil reserves and price every barrel in U.S. Dollars.

Then every country would be forced to buy dollars to buy oil.

You don't need to manufacture or create jobs, just speaks it around a little to avoid poverty.

[El-blanco]

[Tago Nang Tago]

we are just salves to the banks,they rule us.

[Weltschmerz]

we are just salves to the banks,they rule us.

this is true, banks run everything.

[Drunken Cat]

The US printing money is just their means to defraud the rest of the world.

You see, the US dollar is the international reserve currency. It's been based on nothing but trust in the US government since the 1970s, when Nixon declared the US could no longer fulfill their obligation of redeeming gold for US dollars, and then threatened to bomb Saudi Arabia for withholding oil. This all went down in about 1973, if memory serves me right.

Ever since then, the US dollar is backed by nothing. According to the textbooks, it's based on "a promise to pay" on the part of the US government, or a "faith in the ability of the US government to make good on its debts."

Hell, they still repeat ad nauseum the lie that US treasuries are the safest asset in the world, despite the fact that the US federal credit rating was downgraded some years back, making such a notion even more of a literal categorical falsehood (as if any non-******ed person could have taken such notions seriously in the first place).

So, the position of the US dollar is based on its status as the international reserve currency. In effect, that means that the majority of international trade is carried out in dollars, and that a tremendous share of global financial investments are denominated in US dollars. This creates a constant demand for US dollars, propping up the currency, and causing the Fed and Treasury Department to play their games with interest rates and money printing (respectively), and there's not much anyone can really say or do about it. Afterall, even printing a billion USDs is really just like pissing in Lake Superior, as far as USDs are concerned.

But the house of cards will one day collapse. The US dollar and the US hegemony will collapse, and most of us may indeed live to see it. It'll happen at the same time. Which will come first? It's the chicken or the egg.

The thing people don't always catch about the analogy of the chicken and the egg is that not only does the chicken give birth to the egg, the egg gives birth to the chicken, which subsequently gives birth to the egg. In the end, which came first doesn't matter. It'll be the same when the US hegemony, along with the US dollar as global reserve currency, collapse.

They may be already collapsing before our eyes. Or they may not be. It's always hard to say.

[Drunken Cat]

As far as giving everyone a million dollars though, indeed a pack of gum would be $10k tomorrow, or whatever. The preferred method is to funnel the money through the financial system. That way, only the bankers get super rich, and the rest of us can go fuck ourselves. If everyone did get a million dollars though, you'd walk down to the bus stop tomorrow and some dude would be trying to buy another dude's oldschool Hurley for $10,000 or some ****.

[TJ highway]

They already do! It's called EBT!

They only give you so much per month! So to get you million dollars worth stay away from the Ice cream, frozen pizza & burritos and Oreo's!

[siablo14]

The US printing money is just their means to defraud the rest of the world.

You see, the US dollar is the international reserve currency. It's been based on nothing but trust in the US government since the 1970s, when Nixon declared the US could no longer fulfill their obligation of redeeming gold for US dollars, and then threatened to bomb Saudi Arabia for withholding oil. This all went down in about 1973, if memory serves me right.

Ever since then, the US dollar is backed by nothing. According to the textbooks, it's based on "a promise to pay" on the part of the US government, or a "faith in the ability of the US government to make good on its debts."

Hell, they still repeat ad nauseum the lie that US treasuries are the safest asset in the world, despite the fact that the US federal credit rating was downgraded some years back, making such a notion even more of a literal categorical falsehood (as if any non-******ed person could have taken such notions seriously in the first place).

So, the position of the US dollar is based on its status as the international reserve currency. In effect, that means that the majority of international trade is carried out in dollars, and that a tremendous share of global financial investments are denominated in US dollars. This creates a constant demand for US dollars, propping up the currency, and causing the Fed and Treasury Department to play their games with interest rates and money printing (respectively), and there's not much anyone can really say or do about it. Afterall, even printing a billion USDs is really just like pissing in Lake Superior, as far as USDs are concerned.

But the house of cards will one day collapse. The US dollar and the US hegemony will collapse, and most of us may indeed live to see it. It'll happen at the same time. Which will come first? It's the chicken or the egg.

The thing people don't always catch about the analogy of the chicken and the egg is that not only does the chicken give birth to the egg, the egg gives birth to the chicken, which subsequently gives birth to the egg. In the end, which came first doesn't matter. It'll be the same when the US hegemony, along with the US dollar as global reserve currency, collapse.

They may be already collapsing before our eyes. Or they may not be. It's always hard to say.

For the collapse to happen a safer asset needs to come along. What asset do you think that will be?