RE: Andrew Yang's Siren Song of Free Money Will Cost You Dearly
You seem to not understand that overprinting is a relative term, and you seem to think that the empirical evidence that there is for inflation in relation to money in circulation/on account which hardly correlates isn't indicative of the nature of inflation (which is not overprinting, how did Brazil reverse inflation again?). Go inform yourself, your fake platitudes and concern is obvious, if you really cared you would begin at home, examining your "understanding" and knowledge of inflation, of the numerous ubi experiments. All you're doing is spreading FUD. You don't have any idea about ubi, and a very telling low brow opinion of your fellow man, of an entire generation, a "whole class".
The collapse is still coming, this has been the same line that has been repeated by people for 80 years. In fact, giving money creation to the fed, (money creation which is initiated by the public, on behalf of the public, for the public) and moving off a commodity backed standard was the sanest thing to do. Not only did it add to the stability of money because there was no commodity to hoard and manipulate the market with to hedge bets against the currency, neither oil or silver/gold, but it allowed for wealth to be created freely, without putting pressure on the scarce money, that with each consequent economic boom, it would devalue goods and services through monetary scarcity, and nothing else, something that is the opposite of overprinting, something that is relative, just imagine what a failure it would have been to pay in gold backed dollars, I don't think you know or understand the perils of commodity money, as much as you are under the assumption that they are the only sound money.
The fed has U.S. in perpetual servitude. It's literally impossible to pay them back. The only way to pay them back would be to borrow from them enough money to do so, and then we'd be in even more debt. The fed is the epitome of modern high tech slavery. The federal reserve owns the country and everyone in it and can willy-nilly make or break us with a simple hike or drop in the interest rate. Your worship of their system seems so strange. I think you've tipped your hand with the below statement.
If you get the chance, please watch this and share your thoughts about it.
And what's the point? You regurgitate the same nonsense that other fear mongering idiots do, as if we HAVE to pay them a penny, or as if they can call the shots, as if what? They'll stop running the mills? Are you that simple minded?
Indebt to who? You don't know what you're talking about. What can the fed do? Not shit that's what. You know who gives the orders? Not the fucking fed. O no, we owe the fed all this money. Because? Lol you don't know what the fuck you're talking about. Keep regurgitating the nonsense without any critical thought regarding it.
Yeah, I'm worshipping a money printer. As if the value comes from them, as if they can provide a shred of evidence for their loss, which any tort or broken contract depends on, as if they have nothing to lose by fucking with their employers and hiking up interests rates, because they aren't getting paid? Wake up, you literally believe that gold could ever account for one percent of one percent of one percent of the wealth being created Daily by the world? You think it could be a good medium of exchange when we would be paying for cars in micrograms and don't even talk about anything cheaper. Every time anything is created and is in demand, it makes the money more scarce, since the money doesn't increase with the consumption. It leads directly to exactly the same effects as hyperinflation, except that instead of not enough worthless money to buy a bread is replaced with no way to pay anyone anyhhing since the money is that scarce.
You don't seem to understand that a lack of money is as bad as hyperinflation, or worse, and you sit there talking about overprinting and inflation when you disregard the numerous sources that were provided /referenced that dispel that nonsense with hard facts, it's even in the white paper, it dispels the myth with hard fact. You don't seem to understand, again, that overprinting is a relative term, and that by hard facts the QTM is only a theory, to this day, more than 300 years since it was first proposed, and without the evidence for it, which is why that investopedia article spells it out that almost no economists subscribe to it.