Best time to sell Q1 2021

If you think the government can print money and pay people to take a vacation instead of being productive without causing inflation why shouldn't we all just party all day and the government can just feed us no problem. What's the point of sound money if you believe they can print without consequence?
 
One example of success is all we need. Didnt think so.
Weve been here before and your argument goes down faster than a priest on Monday.
 
brave duck rumble go
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SilverHaas said:
If you think the government can print money and pay people to take a vacation instead of being productive without causing inflation
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That's not what I believe. You're new here so you don't understand. Read this, it will explain my position: Modern Monetary Theory

JohnnyBravo300 said:
One example of success is all we need.
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You have a penchant for ignoring facts so what's the point?

Besides, fiscal polices based upon a thorough understanding of MMT haven't been implemented yet.

alor said:
Will 2021 Be The Year The World Loses Faith In The US Dollar? https://www.zerohedge.com/economics/will-2021-be-year-world-loses-faith-us-dollar
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That's been discussed ad nauseam here: https://www.silverstackers.com/foru...ney-printing-do-you-want-to-understand.96700/.

It doesn't matter even if it were true. The US doesn't need to sell bonds to finance its activities. It can repay all its debt just by issuing more currency. And yes, it will keep printing money. Just like it has for the past 45 years.

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I know they wont default. Mmt says that the only limitation to printing is inflation. If there is no inflation you keep printing. They will push it until they get inflation... "be careful what you wish for... you might get it"
 
mmm....shiney! said:
That's not what I believe. You're new here so you don't understand. Read this, it will explain my position: Modern Monetary Theory



You have a penchant for ignoring facts so what's the point?

Besides, fiscal polices based upon a thorough understanding of MMT haven't been implemented yet.



That's been discussed ad nauseam here: https://www.silverstackers.com/foru...ney-printing-do-you-want-to-understand.96700/.

It doesn't matter even if it were true. The US doesn't need to sell bonds to finance its activities. It can repay all its debt just by issuing more currency. And yes, it will keep printing money. Just like it has for the past 45 years.

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You claim MMT hasnt been implemented but they've been printing money for 45 years. I think MMT does a perfect job of showing where we are today, not where we should be. I concede that it hasn't been fully implemented (and I doubt it ever will). The issue is more a matter of monetary sovereignty than anything else. If the USD loses reserve status and becomes as trustworthy as the Bolivar, lira or any other range of currencies then no government will ever be able to print its way to prosperity using USD.
 
alor said:
brave duck rumble go
135804013_10215632093749298_3950912957708135515_n.jpg
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Thanks Alor

Don't forget to drop your Gmail, try Protonmail or Tutanota.

Most importantly is you phone that's where bulk of your data is collected. If you own an I phone ditch it, get a De-googled Android or a Linux, if your a newbie a great place to start is Rob Braxman on LBRY (not youtube)

It's really not that hard to change, its easier to be brainwashed.

Timmy
 
SilverHaas said:
I know they wont default. Mmt says that the only limitation to printing is inflation. If there is no inflation you keep printing. They will push it until they get inflation... "be careful what you wish for... you might get it"
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MMT believes it can cure inflation through taxation to counteract the increasing velocity of money. The issue there is the world has been flooded with USD that will coming running home and can not necessarily be taxed efficiently. MMT is a big government wet dream that will never eventuate in its complete form.
 
I ignore facts but we have 48 years of a failing fiat and thousands of examples but he cant provide one for mmt.
Yep that's reality.

How did we even get back on this. I thought we put it to rest long ago when there was no data to support your side.
 
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SilverHaas said:
If there is no inflation you keep printing. They will push it until they get inflation...
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Probably, but until then the inflation rate keeps falling.

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66rounds said:
The issue there is the world has been flooded with USD that will coming running home and can not necessarily be taxed efficiently.
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I think I've asked this question before, or at least I've dealt with it. How will all the USD come running home?

JohnnyBravo300 said:
I ignore facts but we have 48 years of a failing fiat and thousands of examples but he cant provide one for mmt.
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You ever get that feeling of deja vu? I'll repeat it once more: governments haven't enacted fiscal policy based upon an understanding of MMT. Do a search for the link I provided about Richard Koo's balance sheet recession. It's been mentioned a number of times on this forum, or do a google search. Just stop rehashing fallacies.

JohnnyBravo300 said:
How did we even get back on this. I thought we put it to rest long ago when there was no data to support your side.
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Because @SilverHaas claimed that money printing will lead to inflation. And like I said before, you have a penchant for ignoring facts.
 
I missed this one.

66rounds said:
You claim MMT hasnt been implemented but they've been printing money for 45 years.
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That's correct, they've been printing money for decades. But central banks have been implementing monetary policy based upon their monetarist theories not MMT.

MMT advocates argue that monetary policy is largely ineffective, even destructive (especially austerity measures and government surpluses) and that bond markets are just a tool to transfer wealth to the big end of town. They argue that central banks are largely irrelevant and that governments should be implementing fiscal policy instead of issuing bonds.
 
mmm....shiney! said:
No.

I want you to explain to me how they’re going to find their way back into the US.
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If they can no longer participate in bond markets they will be used to buy USD denominated assets and commodities. The minute productivity fails to keep up with USD circulation you will end up with inflation, and taxation will be fruitless to solve it.
 
66rounds said:
If they can no longer participate in bond markets they will be used to buy USD denominated assets and commodities.
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Correct. Which will drive the economy and increase prosperity.

And who will be buying those US commodities and assets? And once they’ve had a taste for them will they suddenly stop demanding them?

66rounds said:
The minute productivity fails to keep up with USD circulation you will end up with inflation, and taxation will be fruitless to solve it.
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The minute?

You mean it will happen almost immediately? ;)
 
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