He's made the argument on his youtube channel, so if he isn't running the account it's being run at his behest to say what he wants to say.
He's a smart guy, but on this point he's an idiot. He's wrong and he's stupid and nobody should listen to him. The Internet is NOT your friend, don't give it your personal information.
He's a smart guy, but on this point he's an idiot. He's wrong and he's stupid and nobody should listen to him. The Internet is NOT your friend, don't give it your personal information.
I guess if you're disconnected from reality it doesn't have any basis in reality.
We're already experiencing a slice of that day of reckoning, and in fact the entire world is hurting from it. It hasn't even actually gotten bad yet.
We're already experiencing a slice of that day of reckoning, and in fact the entire world is hurting from it. It hasn't even actually gotten bad yet.
You're right. When I overspend it hurts me when the day of reckoning arrives. When the US overspends, that day of reckoning will hurt the entire globe.
The state of perpetually growing debt is a relatively new invention. In 1776 the US government accrued credit debt, and over the next couple decades ended up accumulating additional debt paying off the loans of the different states that have joined the union. On January 8, 1835, president Andrew Jackson paid off the entire national debt. The United States civil war resulted in a very large Federal debt, and over the next 47 years paid off 55% of that debt. A large debt was accrued during world war 1, and eventually 36% of that debt was paid off prior to world war II. From 1945 to 1949, the federal government paid back about six billion dollars of the massive debts that it had accrued. By that time there was a lot of inflation going on so from 1950s onwards the inflation adjusted value of the debt shrank but the real value of the debt grew until the 1970s when it started to grow in inflation adjusted terms again. There's one year in 2000 when there was a budget surplus, but since 2000 it's basically been rushing from crisis to crisis running up dangerously high debts the whole way.
Government policy since 2001 has not been sustainable and is not sustainable, but in 2001 the federal debt was equal to roughly 55% of the US economy, and now it is worth approximately 125% of the US economy. This path wasn't sustainable 20 years ago, but it's not sustainable in the short term the way things are going. The bridge is out ahead, it's a long way down from here.
Government policy since 2001 has not been sustainable and is not sustainable, but in 2001 the federal debt was equal to roughly 55% of the US economy, and now it is worth approximately 125% of the US economy. This path wasn't sustainable 20 years ago, but it's not sustainable in the short term the way things are going. The bridge is out ahead, it's a long way down from here.
tbf, it can't afford either. It can't afford anything. It stopped being able to afford anything a good while back.
The only way it's paying for any of this is by going deeply into debt it never intends to pay back so the next generations can pay for our greed instead.
It's basically selling future generations into slavery because we're too proud to live within our means. Meanwhile, you've got one group trying to increase spending and another group trying to cut taxes when we need to do the opposite of both.
The only way it's paying for any of this is by going deeply into debt it never intends to pay back so the next generations can pay for our greed instead.
It's basically selling future generations into slavery because we're too proud to live within our means. Meanwhile, you've got one group trying to increase spending and another group trying to cut taxes when we need to do the opposite of both.
https://newsroom.hertz.com/news-releases/news-release-details/hertz-announces-settlement-agreements-related-past-legal-claims
Holy shit, Hertz lost track of cars and accused the people who rented them of stealing them, leading to almost 400 claims against them that will cost almost 170 Million dollars!
Holy shit, Hertz lost track of cars and accused the people who rented them of stealing them, leading to almost 400 claims against them that will cost almost 170 Million dollars!
Agree or disagree with them politically, I've been following their RSS feed for quite some time and they give really top notch news covering topics that the establishment media only seems to touch on after the news is irrelevant.
It isn't like it isn't super illegal to bring marijuana across the US border as well. Up to 5 years in Federal prison and up to a $250,000 fine.
There's literally nowhere you should consider crossing a national border with pot. It's just a really bad idea and you should definitely check your bags before you cross any borders because being in a "friendly country" isn't going to mean you don't go to jail for it.
There's literally nowhere you should consider crossing a national border with pot. It's just a really bad idea and you should definitely check your bags before you cross any borders because being in a "friendly country" isn't going to mean you don't go to jail for it.
This game was so much fun when I made all the prompts into gay jokes.
Why yes, I am a 12 year old from 1985, why do you ask?
Why yes, I am a 12 year old from 1985, why do you ask?
AI generated advice.
Seems legit, but you should actually go. Losing your teeth sucks.
Seems legit, but you should actually go. Losing your teeth sucks.
Controlling the means of production inevitably means that the same thing happens just in a different way. The method that is most likely to work would be having sound money.
In the us, the Constitution doesn't even allow for the monetary system that exists. Paper is not allowed as money, central banks aren't allowed to be the money printers, only gold and silver are allowable as currency. You can definitely make an argument that maybe gold and silver aren't the ideal solution, but it's a start.
For now, rising interest rates are actually going to help. A lot of prices are only being bid up because there's so much money trying to find a limited amount of growth, in part because actual inflation is very high and has been for a long time due to excess money printing. It'll hurt, but it should drive asset prices down and focus investing on things that provide value rather than just things that are going to go up because they go up because everyone has extra money and they're all investing in the same thing at once.
In the us, the Constitution doesn't even allow for the monetary system that exists. Paper is not allowed as money, central banks aren't allowed to be the money printers, only gold and silver are allowable as currency. You can definitely make an argument that maybe gold and silver aren't the ideal solution, but it's a start.
For now, rising interest rates are actually going to help. A lot of prices are only being bid up because there's so much money trying to find a limited amount of growth, in part because actual inflation is very high and has been for a long time due to excess money printing. It'll hurt, but it should drive asset prices down and focus investing on things that provide value rather than just things that are going to go up because they go up because everyone has extra money and they're all investing in the same thing at once.
