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by Nero
39 minutes ago
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

WRONG True that "fiat" means not backed by gold, silver, or a commody, but it does NOT mean it has no intrinsic value, and it DEFINITELY is not created out of thin air. If that were true, then why are we trillions of dollars in debt? Why do we have to pay taxes? You never did tell us how money is c...
by Nero
Today, 6:37 pm
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

"The biggest myth about the government" "Government can't create wealth. It can only redistribute it." You've probably heard that chestnut before: That government, whatever good it does, is fundamentally leeching off the private sector and depends on its productivity and success. It's also a myth. P...
by Nero
Today, 6:29 pm
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

Why don't you teach us? Fiat currency is money that is not backed by gold or silver or oil or any commodity. A fiat currency is accepted as a mode of exchange because (currently) Joe Biden, Janet Yellen and Jerome Powell say that those pieces of paper have the full faith and credit of the United St...
by Nero
Today, 6:02 pm
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

"Plus the Fed can create money out of thin air" was YOUR claim that I responded too... ...quit deflecting and prove what I said was wrong. "The power of the central bank to create money out of thin air wasn’t always so easy" https://www.marketplace.org/2013/12/05/power-central-bank-create-money-out...
by Nero
Today, 5:12 pm
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

Uh, no it can't...unless it wants to devalue the US Dollar even more. And why the hell would anyone want to do that...??? "Understanding How the Federal Reserve Creates Money" The Federal Reserve, as America's central bank, is responsible for controlling the supply of U.S. dollars. The Fed creates ...
by Nero
Today, 4:39 pm
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

Silly, you said all money is created by the government and is distributed by Jerome Powell. Or were you just pulling our chains again? The Federal Reserve has $8.436 Trillion in assets. The wealthiest American corporation (Apple) has a current market capitalization of $2.79 Trillion. Plus the Fed c...
by Nero
Today, 4:16 pm
Forum: political news, politics in general
Topic: I had better see his Ass in Handcuffs or I will completely lose faith in the Justice System
Replies: 5
Views: 85

Re: I had better see his Ass in Handcuffs or I will completely lose faith in the Justice System

A criminal Contempt of Congress citation would go to the United States Attorney for the District of Columbia. That individual is Matthew M. Graves, appointed to his position in 2021 by President Biden. He makes the decision on whether to prosecute or not. However the FBI has said that it intends to ...
by Nero
Today, 4:03 pm
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

oflguy wrote: Today, 3:59 pm You are what you are. You tell us every day.
Good.
by Nero
Today, 4:03 pm
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

Maybe, but success has to be accidental since you think corporate wealth is a gift of governments. Why would you have a mutual fund AND stocks and bonds? Doesnt make sense. My guess is you have Stocks and bonds in the FORM of a mutual fund. You are really misguided on how the US can create wealth, ...
by Nero
Today, 3:15 pm
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

Correct. He belongs to the club that believes the government is the provider of everything we need. He has also implied that the government is not only the creator of all money, but that all our money comes to us through the benevolence of Jerome Powell. In other words, Nero is a communist. Yawn. S...
by Nero
Today, 12:13 am
Forum: political news, politics in general
Topic: Electric semis suck
Replies: 55
Views: 467

Re: Electric semis suck

Everybody onows electric trucks never catch on fire https://video.search.yahoo.com/yhs/search?fr=yhs-fc-2212&ei=UTF-8&hsimp=yhs-2212&hspart=fc¶m1=7¶m2=eJw1i0uOwjAMhq%2FiJUgodciT9BisEGKRJqFETZuKFnU0px9XGuSFv%2F%2FV53hvH9cbRxRCivvpMZHmyDXhHqFCft79QOJMP887aERnLRonrYwuWJIp6ItTJnTOo7EudDFQvU%2BV...
by Nero
Yesterday, 10:41 pm
Forum: political news, politics in general
Topic: Recession or no recession that is the question.
Replies: 4
Views: 62

Re: Recession or no recession that is the question.

People should want a true recession. Our markets are fucked right now. I know you dont understand this but sometimes it is the right thing to push for I understand the business cycle and recessions are inevitable. The subject of this thread is whether the expected recession of 2023 has started or n...
by Nero
Yesterday, 10:40 pm
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

This was also an era that led to a quantum leap forward in living standards for the common man Nope. The Gilded Age led America as close to socialism as we ever came. "In 1890, 11 million of the nation's 12 million families earned less than $1200 per year; of this group, the average annual income w...
by Nero
Yesterday, 10:25 pm
Forum: political news, politics in general
Topic: "Yes, Government Creates Wealth"
Replies: 107
Views: 703

Re: "Yes, Government Creates Wealth"

Extracting minerals creates wealth..not simply owning land That's what government leases are for. The federal government owns: 1 Nevada 80.1%------110,572 mi² 2 Utah 63.1%------84,897 mi² 3 Idaho 61.9%------83,569 mi² 4 Alaska 60.9%------665,384 mi² 5 Oregon 52.3%------98,379 mi² 6 Wyoming 46.7%---...
by Nero
Yesterday, 10:17 pm
Forum: political news, politics in general
Topic: Recession or no recession that is the question.
Replies: 4
Views: 62

Recession or no recession that is the question.

"Top economist David Rosenberg says we’re already in a recession, but ‘nobody has noticed.’" https://fortune.com/2023/05/26/are-we-in-recession-economist-david-rosenberg-gdi-gdp/ "The Recession Keeps Getting Postponed. It May Never Come." https://www.investopedia.com/recession-keeps-getting-postpone...