Modern Monetary Theory

Discussion in 'Markets & Economies' started by mmm....shiney!, Sep 14, 2019.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I did a search for "jobs people have that we don't need" and came up with nothing.
     
  2. leo25

    leo25 Well-Known Member Silver Stacker

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    I would have thought searching for that would cause Google to crash.
     
  3. willrocks

    willrocks Well-Known Member Silver Stacker

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    I hear the government has a comprehensive list of "essential" jobs.
     
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  4. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Change the search results to "images" and you'll get something.

    [​IMG]
     
  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  6. leo25

    leo25 Well-Known Member Silver Stacker

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    Don't think it's the first time. He's been more or less saying it for a while now, just most people didn't believe it for whatever reason. Even Ben Bernanke was telling everyone this back in the days.
     
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  7. willrocks

    willrocks Well-Known Member Silver Stacker

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    Cognitive dissonance.
     
  8. leo25

    leo25 Well-Known Member Silver Stacker

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    This might not be a direct quote, but i do remember watching a video a long time ago where Alan Greenspan said something like this.

    And that's also the reason why Greenspan says stuff like this. This one is a direct quote.
     
    Last edited: Apr 30, 2020
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  9. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    He also said how the Fed can print unlimited social security checks for as long as they are askedt to, but they cant guarantee the purchasing power haha.
     
  10. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Damn, was Bill Shorten actually onto something.:D

    [​IMG]
     
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  11. leo25

    leo25 Well-Known Member Silver Stacker

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    I think in Shortens case, it's more along the lines of even a broken clock is right twice a day. :)

    But maybe he saw this and thought, well if it works for them.

    Screenshot_2020-05-02 United States Government Debt 1942-2020 Data 2021-2022 Forecast Historical.png
     
    Last edited: May 2, 2020
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Some states here in the us are already tripling property taxes to "pay for the crisis" that they created and most will probably follow.
    They might as well just print everything they need at this point. Its over.
     
  13. OneDay

    OneDay Active Member

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    Hopefully its not over for at least 3 more days.... Almost into comfy territory... man i'm slow at this ☹️...

    It should be good for this many days. Maybe it will be okay for months.
     
    Last edited: May 2, 2020
  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Well it's not over over haha. We will have years of this I'm sure. You have time.
     
  15. OneDay

    OneDay Active Member

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    Yeah.... its still going to be stetchy as F no matter what.

    Sure some of the dudes here are super comfy in bunkers right now.
     
  16. OneDay

    OneDay Active Member

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    How do you think this is going to play out?

    USA is a wild card can't predict what happens there.. But Australia is more a scary Zombiville.

    But banks etc theres th much inflationary pressures and losses. I feel like things could be functioning one day then crashed into oblivion then next. Its weird seeing a dead economy keep going like this long after its dead.
     
    Last edited: May 2, 2020
  17. alor

    alor Well-Known Member Silver Stacker

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    when can Iran be a normal country?, now the question is back at the front door, when the US can be just like a normal country?
    Russia is beyond the US in the latest tech and would remain in this elevated position till the end of the world
    not sure how the three ages would work out by then
    Pax Britanica, Pax Americana and Pax Judaica (shortest time)
    then it would be over
     
  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I dont have a clue but it sounds like they want to get rid of the middle class and small to medium size businesses.
    I imagine the homeless problem will become much worse and the poor welfare class will grow exponentially.
    There will be far less jobs available in the future for sure.
     
  19. OneDay

    OneDay Active Member

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    People are going to be hungry and scared and confused. Their whole world just stopped and they have no idea whats going on.
     
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  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Too many people havent paid attention or been involved so we are here now.
    Most american citizens will need the pain to get them motivated for change.
    The sad thing will be when they look to the politicians for leadership haha. Back around the circle. Round and round we go.
     

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