search results matching tag: gdp

» channel: learn

go advanced with your query
Search took 0.000 seconds

    Videos (26)     Sift Talk (6)     Blogs (2)     Comments (445)   

This man is POTUS

newtboy says...

Yes. 100% compared to the only alternative we were presented with. Things would be far worse, Covid still out of control, Russia owning Ukraine and threatening its neighbors, Ukraine getting zero assistance because they wouldn’t fake an investigation into Biden’s family, debt doubled again, unemployment in the toilet, gdp negative, inflation worse, supply chains gone, criminals overrunning the White House, fascism running rampant, no police reform….how many ways do I need to say he’s a winner simply because he replaced the world’s biggest loser?

Stop the sniveling, bob. You’re still crying, still have sour grapes over a massive, historic loss at the polls. Grow up buddy.



This is want I want. This is me guy, @bobknight33, to say it in a way you’ll understand. (You were so close to proper English)

We WILL Fix Climate Change!

newtboy says...

What’s he mean “young people”? I’m 50, I’ve felt that way since 1990 because I pay attention. We are addicts, addicts use until they die, they don’t quit because their health suffers.

At 3 degrees some developing countries won’t be able to feed their population!?! WTF?! That was the case before any climate changes, dummy. It’s bad now. It will be apocalyptic relatively soon…like decades, not centuries.

WILL cause trillions in damage!?….guess again, already happened. It WILL cause tens of trillions in damage per year, eventually outpacing global gdp.

What scientists are he counting when he says “most agree” we won’t see this kind of future? Certainly not climate scientists, they agree it’s happening, and none see it even slowing, much less getting better. From what I saw, they just went on strike because they’re sick of being ignored.

Leveled off, eh? Look at your own graph to see that China’s coal consumption went up by 5000 twh equivalents since 2010, and is insanely massive…it went up by more than the US used at its highest levels (in his timeline). But he calls that “leveled off”. Who is this guy? He’s insane or lying through his teeth.

Solar and wind have been better than coal economically for decades, but we haven’t switched over, have we?

Where does he get his statistics, because every time I see real numbers we’ve only slowed our increased emissions by 4%, we have not actually reduced them….like saying Obama reduced the military budget because he didn’t increase it as much as previous administrations. It’s asinine.

India isn’t building trillions in solar, they’re building fossil fuel power plants and hydro electric, also disastrous for the environment….and useless after their glaciers fail.

The CO2 in the atmosphere will be there for 300-1000 years, carbon capture is a ridiculous pipe dream that completely ignores the scope of the problem. Methalhydrate is already destabilized, and it’s 25 times as potent as CO2. The total global amount of methane carbon bound up in these hydrate deposits is in the order of 1000 to 5000 gigatonnes – i.e. about 100 to 500 times more carbon than is released annually into the atmosphere by the burning of fossil fuels (coal, oil and gas). It’s melting now faster every day, and will surpass human carbon emissions.

None of his “requirements” are happening. What we need is less people….like 90% less.

Progress is being made, minor progress in small amounts on tiny scales…so are increases in emissions but on massive scales and unfathomable amounts….emissions that needed to be at zero decades ago to save civilization as we know it. Climate refugees exist today in huge numbers, think how difficult 1 million Syrians were for Europe to absorb, now multiply by 2000 or more when all equatorial nations become uninhabitable. Where will we grow food with refugees covering every bit of land? Get real.

He admits that stopping warming below 1.5 degrees is impossible, and 3 degrees before 2021 likely (many say by 2050). Did he forget that 1.5 degrees warming is where we lose control and feedback loops make our emissions moot?

Do you even science, dude?

He gave me zero hope, because I know most of his pie in the sky “hope” is utterly ridiculous and runs contrary to reality and human nature. I wanted some good news, I got pablum.
Booo Kurzgesagt. Try being honest and not ignoring the facts, please. BOOOOO!

bobknight33 (Member Profile)

newtboy says...

Average gas prices are temporarily $.06 higher than 2008. Oil prices are dropping fast. Oil companies aren’t pumping oil they have and aren’t near top production levels at refineries, but are complaining they can’t have more preserve land and offshore preserves to drill on.
You want to compare to 2020, and you want to ignore the absolute disaster of leadership that made the economy so bad that gas prices dropped significantly and oil went to -$40 a barrel at one point. You want to forget the -36% gdp and 750000 dead Americans, and between $10-16 TRILLION dollars in wasted money it took to have those lower gas prices (with no where to go because everything was closed, and nothing to buy because all supply chains were broken).
For a family of 4, the debt left by Trump’s Covid failures is well over $200000. How many tanks of gas would that have bought you?
Yes, I maintain my position that the pandemic response team global response unit could have likely identified and stopped Covid in the very early stages and evaded even an epidemic in China had they not been eradicated, and you can’t prove different. That puts it all on you know who’s shoulders.

BTW, liberal California is poised to rebate every taxpayer $400 to cover increased gas prices thanks to our functioning economy and budget surpluses.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7604733/

With all the Trump and Trumpist failures, I think it could be a total ass kicking BY Democrats. The shine is off the Trump penny, and everyone outside the cult can tell it’s just a blank slug painted copper…that includes many in your party, causing a deep divide for Democrats to exploit. Numerous Republican candidates are being challenged in court to bar them from public office for being part of an insurrection….including Trump in 6 states. Can’t win if you can’t hold office. D’oh!

Are you sad about duckduckgo? It seems your ilk are outraged that the platform has decided to limit (not even censure) Russian propaganda, moving it away from the top of their news feeds, and without their Russian propaganda spoon fed to them, they’ve started throwing tantrums and stomping away in search of a site that will tell them the lies they want to hear. Such infants. Are you one? Be honest. (Ha, like you would)

bobknight33 said:

You paying 20$ more for a tank of gas. That hurts millions of people.
I use a tank a week -

With all of Biden administrations failures you think mid turns will be be a total ass kicking of Democrats?

Thank you 81 million, thank you!

newtboy says...

You’re arguing with the mirror, buddy. There’s one anti American, anti democratic, anti fact, delusional cultist here. ROTFLMFAHS!!! You’re so silly.

Whine some more, kiddo. More sour grapes from infantile sore losers. You only insult yourself with these kindergarten insults. Your opinion is less than worthless. You calling me a “Tool” for the left only verifies I’m on the right path, if you had something nice to say, I would re-examine my position immediately. You are such a ridiculous full fledged cultist in a failed cult of personality. Keep screaming into the dark.

You CLEARLY hated Obama because he was black, you liar. Called him a Kenyan (as an insult), a Muslim (as an insult), a thug, and in private much much worse. Lie to yourself, we know the truth, and you are a well known verified racist liar no one trusts to ever tell the truth.

You also CLEARLY have problems with strong women too. Hated Clinton for being a woman in power. Pretend you aren’t sexist, it won’t fool anyone, you are a well known constant liar, who would listen to you complimenting yourself?

You hate Harris for the same reasons. Being black, and being a woman. Her being intelligent, professional, knowledgeable, reasonable, level headed, well spoken, and accomplished only pisses you off, doesn’t it?

I and really totally disagree, but after Trump, leadership skills aren’t a prerequisite, and you have no leg to stand on. That’s it.

We’ve never had a leader with less, worse leadership skills than Trump, who never led anyone who wasn’t willing to follow him literally anywhere. Jim Jones was a better leader, he actually cared about those he misled….Trump doesn’t care one whit about anyone not named Trump, and when the chips are down, only people named Donald John Trump. That’s it.
Her leadership skills are infinitely better than her MIA predecessor, Pence, his were non existent.

Obama led conservatives from depression to a healthy economy. True, they obstructed him for the entire 8 years, but he was leader enough to make serious progress anyway, including growth that eclipsed Trump’s dismal 1% gdp growth per year, and health care for all Americans.

Woefully diminished is still exponentially better than his predecessor, whose cult tried to overthrow the government and make us a dictatorship. I still blame him for Trump, if he had run in 2016, the nation, probably the world, would be in such better shape it would be unrecognizable.
I wanted Butigieg, a super smart, knowledgeable, thoughtful, disciplined, younger president, but Biden kicked Trump’s ass despite multiple massive Republican fraud schemes, so he is a major success. That’s it. Nothing can change that…just like no attempted rewriting of history can make Trump anything but a massive failure on every front.

Go pander your idiotic cultist babbling somewhere else. You only come here to troll, no one ever agrees with you besides your sock puppet accounts, you just enjoy being a nasty liar, trying to trigger libtards with nonsense and prejudice. Here’s the problem, Bob. It doesn’t work when you have no real gripes to complain about and no one cares what you think.

I note you still can’t say who she slept with or how that got her elected….I did explain the top two in Trump’s administration got their positions by sleeping to the top, they had zero leadership skills, zero experience, and zero accomplishments. Harris is overqualified if Trump was only underqualified. He also had no leadership experience or skills. He didn’t run the companies he owned, those he tried to failed miserably, and no one goes to work for Trump twice.

Lots more whining and crying, but not a single fact in your posts, Bob. You seem allergic to fact. I understand, they tear at your fantasy world and, when you’re forced into reality, you must live with the piece of excrement you have become.

bobknight33 said:

You are beyond delusional.

A Tool of Tools for the left.

Like Obama, no give a fuck if she is black, orange or purple.
An no one cares if she is a woman.


She is lacking leadership skills. That it.


Obama had leadership skills but not conservative leadership.

Biden had skills but is woefully diminished.

Go pander your stupid thoughts elsewhere.

Thank you 81 million, thank you!

newtboy says...

Still no answer to posting an insanely edited misrepresentation video….no surprise. You’re an infant. A dishonest racist and sexist infant propagandist.

Yes Bob.
Because she’s a black woman, you can’t accept that she’s accomplished, that she earned her position. That is racist and sexist. I know your little brain has trouble figuring that out.

You are a blatant racist piece of shit. Evidence: your comment above and all previous racist comments
You are a blatant sexist piece of shit. Evidence: your comment above and previous sexist comments
You are an ignorant, moronic piece of shit. Evidence: all your previous comments
You are a pro Putin, anti American, anti democratic piece of shit. Evidence: many of your previous comments.
Plenty of hammer and sickles, Russian, and nazi flags at your far right rallies…for years now. Not found at Democratic rallies, you dumb shit.

https://www.independent.co.uk/news/world/americas/donald-trump-cpac-russian-flags-speech-republicans-support-president-latest-a7598276.html

Better red than blue is a Republican slogan, you lying piece of shit.
We should be friends with Putin and let him expand is a Trump position, not Biden dumbshit.


All those are insults to shit and complimentary to you….better than you deserve. You lying worthless waste of skin. Fuck you you liar.

All delusional nonsense bullshit Bob. How many Republicans went on international tv to tell those immigrants the border is wide open, starting new waves of immigrants? Not one Democrat did that.
Energy independence is a lie, we never stopped importing oil, you liar. We produce more oil today than under Trump.
Inflation is a Trump legacy, idiot. It will get worse. That’s the problem with just printing 1/3 of every dollar over 4 years, it makes every dollar worth 1/3 less. Trump did that, not Biden. When inflation hits over 33%, we can talk….until then keep your ignorant whining to yourself.

Trump spent far more money than any two terms of any administration and for that we had a recession, 750000 dead, Russia expanding, a useless wall that hasn’t stopped a single immigrant, inflation through the roof, negative GDP, skyrocketed unemployment, an insurrection, etc. Nothing good to show for it, no investments in America, just failed trade agreements, wasteful spending like drunken sailors, huge debt, loss of international standing, loss of allies, recession, and unprecedented death.

Anti immigration = anti American. Anti democracy = anti American. Pro Russia = anti American. Pro China = anti American. Vote fraud = anti American. Insanely high deficits = anti American. Doubling the debt = anti American. Tax breaks for the rich = anti American. Removal of social safety nets = anti American. Racism = anti American. Sexism = anti American. Fraud = anti American. Insurrection = anti American. White Nationalism = anti American. Suggesting the death penalty for people not even charged with a crime = anti American. These are all Trump policies, bob.

I paid less for gas last week than I paid in 2019, dumbass. $5 a gal for super.

I know you don’t remember, because it wasn’t yesterday, but Trump policies caused all your issues…including your panicked insanity. Trump was the worst president in history by far by almost every measure. Biden is an unqualified success by comparison, and you can’t stand it so you go off on insane sexist racist rants, like accusing the accomplished professional VP of sleeping her way to the top despite not having a clue with who or how that could work in public office.

Edit: Here’s your chance, exactly who do you claim she slept with to be elected VP? 1/2 of America? The entire DNC? Who? How does that work, exactly? (Don’t worry, no one expects you to be able to answer, we know you don’t have a clue, and that you can never back up your hysterical delusional racist claims).

Biden removed the national cancer. He’s a winner no matter what else happens.
Trump will always be the biggest loser, the worst president in history by far. He made W look reasonable and competent! Deal with it.

Edit: oops…I missed the part where shipping logistics are now Biden’s fault, even though the issue began in 2020 and is purely in the private sector. I guess you are upset Biden hasn’t nationalized the ports so he can take control? Same complaint about the oil industry. If it’s Biden’s issue, you must be suggesting he take charge, and the only way possible would be by the nationalization of private industry. Who’s the socialist? ROTFLMFAHS!!!

bobknight33 said:

racist sexist???



You making her color is racist.

Sexist. I think not.
She is a political whore. Slept with who ever to get her power.

She is not VP material by any measure. You know it .

bobknight33 (Member Profile)

newtboy says...

ROTFLMFAHS!!!

Economy
Unemployment
Gdp
Debt
The right has abandoned these as important because they failed miserably compared to the left? LMFAHS!!!

Trump only put Trump first…ever. Anyone not cheering for him constantly was the enemy. If you’re so disengenuous to only count Trumptards as Americans (despite their being rabid anti American terrorists) he put them first…only if you don’t count Trumps, Putin, Xi, Lil Kim, Saudis…. That’s likely what you think….it’s your speed.

Biden’s growth average is crushing Trumps. Derp. Trump averaged 1% growth per year…last year under Biden growth was 5.7%! A growth increase of over 9% from Trump’s horrible very bad no good last year!!! Near double Trump’s best year.

Trump had a loss…a fucking loss for his last year. Negative growth for 1/4 of his presidency, with no one else to blame because it was his last year, not his first year when he rode Obama’s recovery wave. If the economy had tanked in June 2021, you could be right that Biden can’t keep it up, but it didn’t. Sorry, even numbers must be liberal now, because they certainly disagree with you. Derp.

This planet…where everyone but Trumptards live. You might visit sometime. On Planet Trump, maybe not….but it’s in a different universe where white supremacists aren’t racists but civil rights leaders are, where the pandemic and 2020 and Jan 6 never happened, and where Hunter Biden is a multi billionaire.
Here on Earth, Biden’s leadership has led to economic recovery, gdp growth, lower unemployment, higher wages, a strong unified European front opposing Putin, and soon an end to pandemic measures.

Putin invaded under weak president Trump too, you fucktard, with zero repercussions, he was also identified conclusively as having shot down commercial aircraft over Ukraine, with not a peep from Trump, and Trump totally gave up on Crimea too, even before taking office, removing all sanctions and green lighting Putin’s expansion for years….holy shit you can’t possibly be ignorant of that, so I know you’re just trolling because you have nothing. So sad, little man.

Trump bent over backwards far enough to lick Putis scrotum as he fucked Trump’s leaky sausage hole repeatedly. He never once stood up to him with any action….never. He did take many actions to embolden and reward Russian expansion. Trump withheld military aid from Ukraine as Putin was invading them…not only did nothing against Russia but actually hobbled the Ukranians fighting for democracy against Putin. Trump put Putin first….correction….second, right after Trump.

Trump is a coward who hides from leadership and service (actually despises the thought and ridicules those who do serve as suckers and fools regularly) and instead rage tweets like a child. Biden confronts Russia by destroying their economy in a week and plunging them into the dark ages. I know you can’t face it, but that doesn’t make it less true.

Trump is a leader like Jim Jones….totally delusional, insanely narcissistic, ridiculously untruthful, and ready to destroy any and everyone in an instant instead of admitting a mistake. You drank the whole pitcher of flavor aid and went looking for more.

bobknight33 said:

Obama was only a champion of gay rights. He moved that ball forward. Everything else was so so.

Trump was far better. He put all Americans first. Created growth not seen in years and it is still growing for now. Biden will fuck this up too, like everything else he has done.

Biden kicking ass / taking names? on what planet?

Putin invaded under weak presidents Obama and Biden. Not Trump. Face it Biden and Obama are weak and Trump was / is a leader.

Why I’m ALL-IN On Tesla Stock

newtboy says...

A German mark had value….until it didn’t. Your opinion of “fiat money” isn’t universal by any stretch. You say it’s universally better. I wholeheartedly disagree, and point to Germany and Venezuela as proof. They aren’t outliers either, (looking at Africa).

Gold is useful and valuable. Digital footprints aren’t. Paper notes aren’t. Printed circuits, connectors, anti oxidation, actual physical money, jewelry, etc. gold has intrinsic value, a dollar bill has about 13210 joules, so its intrinsic worth is about 1 small 1 gram stick as kindling and little more….no matter if it’s a $1 or $500 bill or a check for billions. Again, see Germany, where bills were more valuable as firewood than money.

This deflation idea again. Give me 3 examples of deflation harming/ending a nation on the gold standard please, I’ve never heard of it happening. (Edit: as far as I can find, I’m no economics professor, for the most part the gold standard was abandoned worldwide in the early 1930’s and the last remnants removed in the early 70’s by Nixon)

Explain how unsecured notes guard against speculation….don’t just claim it. I don’t see it, people made a mint short selling Venezuelan (and other failed) dollars….speculating they would crash….they did. What?

GDP is the metric that imparts value to unsecured notes offered by countries.

I think you had a mini stroke, the paragraph starting USofA is a word salad with no meaning.

Name 3. I named Germany post ww1….they didn’t get to borrow or ignore their debts. What are you talking about?

So, the only ones that don’t/can’t borrow are all the ones that need to.

Pretending basing your dollar on Bitcoin is the same as basing it on gold is outrageous idiotic bullshit. Just nonsense. Utterly moronic and pure fantasy. Don’t try moving the goalposts, that’s what you said.

Yes, the fed will take gold. They don’t take Bitcoin, do they? How about shells? Pebbles?

Jesus, you just want to argue. You’re rambling, switching positions and going off on tangents.
It’s not about whether someone might accept it, it’s about whether it’s universally accepted at one value and about holding its accepted long term value. People once gladly accepted beanie babies as payment….stupid people.
Arcata Ca printed up Arcata dollars….you could get them cheap, businesses took them. Wanna put your nest egg into them? You say that’s good money, as good as dollars. I’ll sell them to you for gold, and let’s see who’s doing better in 10 years. Or I’ll sell you pebbles for gold. Any currency you want, I’ll sell you for gold. How’s that working with pebbles or shells? Can you buy currency with them?

It has everything to do with how much it’s worth. Stop jumping subjects because your point is failing to convince. An economy based on pebbles fails because their neighbors don’t value pebbles, but if their pebbles are gold, they succeed because gold is valued universally.

What are you talking about, the gold standard’s ability to keep up? Huh?! No keep up necessary, no slow down required, gold trades exactly as fast as everything else. What is this nonsense?!?

You mean you can’t overspend and go deep into debt?! And that’s bad?! In your opinion, not many economists….and what makes you think you can’t borrow against gold? Secured loans are easier and cheaper to come by. WHAT?!?

Yes, unsecured paper money can just be printed forever, you CAN “sell the universe”. (Or sell dollars who’s overall value is based on your country’s value) over and over, then print more and sell 9/10 again, print more, sell again. Eventually that money is worth less than it costs to print, and your creditors get paid off in dollars worth a tiny fraction of what they lent you. Not if it’s backed with gold.

Miracle cure?!? Quote it. I think you misread. Secured notes being better than unsecured notes is not “miracle cure” or perfection, it’s just measurably better, safer, and more stable. No system is perfect.

vil said:

A dollar has value if you can buy shit for a dollar.

Gold likewise has no exchange value if you cant exchange it for goods and services. Its rare and chemically stable and good for memorial coins, has many technical uses and looks cute, but otherwise it hardly matters what symbol for money you choose. There is 200 years of experience with fiat money and gold and silver standards and fiat money has been better, not just usually better or better in some scenario, universally better.

Symbolic money is practical and facilitates quicker turn around prevents deflation makes speculative runs on currency harder and smoothes the economic bumps in the road in general.

GDP is just a metric. Not a bad one but not the actual goal.

USofA is teh most developed. Should have used growing. Deflation in an economy that is growing kills growth.

Restarting countries not only get to ignore their debts, they immediatelly start borrowing again.

The only countries that dont borrow are countries no-one will lend to and countries so rich in some silly resource they can float high in the international currency system without borrowing. Borrowing is good for bussiness.

What is outrageous idiotic bullshit? Believing pegging the value of your paper note to some hoarded luxury makes it a better representation of the mean value of goods and services bought and sold? I could do without gold except for the jacks on my audio cables (just kidding). It does not matter what I exchange for food and gas, if it gets me food and gas, its good money.

Money is what you can pay taxes with. Do they take gold?

If you insist your dollar has the value of some weight of gold how does that influence the willingness of someone else to sell you shit? Unless they specifically intend to buy gold at a fixed price they dont care. They are going to use your dolar to buy some other shit from someone else. So if you take the actual currency out of the equation, when you decide on buying and selling shit you are intuitively comparing that decision with all the other decisions about buying and sellin that you know of. The currency is just a good way to count the measure of usefullness of a product or service and compare among many. Pebbles, bottletops, dollars, gold, pearls, all just a number.

A dollar could be backed by gold or it could not, this has zero impact on the transactions made. What matters is how many transactions are made, at what value, and how much money is available to the entire marketplace in a given period of time. Transactions quickly pass the ability of a gold standard to keep up. If you want a gold standard you have to slow transactions down because you dont have the money for them.

This is why markets need some regulation, otherwise someone might sell the universe twice and then default on one. But a gold standard, at least the type of gold standard I believe was talked about in this thread as a miracle cure, would be too limiting.

Why I’m ALL-IN On Tesla Stock

vil says...

A dollar has value if you can buy shit for a dollar.

Gold likewise has no exchange value if you cant exchange it for goods and services. Its rare and chemically stable and good for memorial coins, has many technical uses and looks cute, but otherwise it hardly matters what symbol for money you choose. There is 200 years of experience with fiat money and gold and silver standards and fiat money has been better, not just usually better or better in some scenario, universally better.

Symbolic money is practical and facilitates quicker turn around prevents deflation makes speculative runs on currency harder and smoothes the economic bumps in the road in general.

GDP is just a metric. Not a bad one but not the actual goal.

USofA is teh most developed. Should have used growing. Deflation in an economy that is growing kills growth.

Restarting countries not only get to ignore their debts, they immediatelly start borrowing again.

The only countries that dont borrow are countries no-one will lend to and countries so rich in some silly resource they can float high in the international currency system without borrowing. Borrowing is good for bussiness.

What is outrageous idiotic bullshit? Believing pegging the value of your paper note to some hoarded luxury makes it a better representation of the mean value of goods and services bought and sold? I could do without gold except for the jacks on my audio cables (just kidding). It does not matter what I exchange for food and gas, if it gets me food and gas, its good money.

Money is what you can pay taxes with. Do they take gold?

If you insist your dollar has the value of some weight of gold how does that influence the willingness of someone else to sell you shit? Unless they specifically intend to buy gold at a fixed price they dont care. They are going to use your dolar to buy some other shit from someone else. So if you take the actual currency out of the equation, when you decide on buying and selling shit you are intuitively comparing that decision with all the other decisions about buying and sellin that you know of. The currency is just a good way to count the measure of usefullness of a product or service and compare among many. Pebbles, bottletops, dollars, gold, pearls, all just a number.

A dollar could be backed by gold or it could not, this has zero impact on the transactions made. What matters is how many transactions are made, at what value, and how much money is available to the entire marketplace in a given period of time. Transactions quickly pass the ability of a gold standard to keep up. If you want a gold standard you have to slow transactions down because you dont have the money for them.

This is why markets need some regulation, otherwise someone might sell the universe twice and then default on one. But a gold standard, at least the type of gold standard I believe was talked about in this thread as a miracle cure, would be too limiting.

Why I’m ALL-IN On Tesla Stock

newtboy says...

If the dollar has no actual value…you’re sunk from the start.

Improving gdp is the only way to add value today….much easier said than done, and possible to go backwards at light speed.

Are you calling the US a developing country? Deflation isn’t a concern for most. It’s pretty rare.

If you improve the economy artificially, the bill will come due someday inconvenient and likely cause depression, not just recession.

Restarting countries didn’t all borrow, some tried to take over the world and ignore all their debts. Just saying.

If you have gold backing your dollar, even if your dollar somehow collapsed you’ve still got all the gold. That’s just one reason it’s smart. If you don’t issue dollars for every ounce of gold in reserve, you can add dollars without the risk of inflation, then remove them when possible.

You keep saying it has no advantages, I’ve listed many.

Outrageous idiotic bullshit. Gold is a commodity universally valued. Bitcoin is worse than nothing, it costs money just by existing and has absolutely no value besides what idiots will pay, that’s like basing your economy on beanie babies and saying it’s the same as physical gold. WTF man?

vil said:

If youre a normal country you are always living on credit, if for no other reason, then because it is super easy and cheap to borrow. Also you have to, to make it to the next pay check (tax collection). First your subjects have to produce and sell, then you can collect taxes.

You dont base the value of the dollar on anything. You offer it as a commodity to the market. If your economy sucks or you print too much money the dollar goes down, which can help the economy. Printing money doesnt automatically help the economy though, it just creates space and time to make it possible for the economy to improve.

Improving the economy means creating more or better products and services that are in demand at a competitive cost. Governments in non-dictatorial countries cant really do that directly, they can only create the conditions for this to happen.

Moderate inflation hardly plays a part, except as a moderator (is that a pun?) of shocks. Deflation (and a strong gold standard in a developing economy IS deflation) is deadly, it makes the economy less flexible, less able to adjust.

If you never improve your ecomomy, all you will have left will be to bitch about inflation.

What is too much debt, too much inflation, too much intervention? I wish economics was a science.

Theoretically the economy can get to be so bad that the structure collapses, there are countries which have notoriously bad historical records, and yet every time they restart they have to borrow money to get things going again. Reserves in general are useless. Production, services and a functioning market, recursive production of valuable goods and services which freely and easily find customers is the only thing you can consider a reliable pillar of civilization. Currency is one of those goods and services.

If for any reason yor currency cant freely circulate (see China or the USSR errr... Russia) you can hardly be a superpower, at least not in the economic sense.

Adopting a gold standard so strong that it would destroy the international dollar standard has no advantage for the USofA or for any developed first world country. Even just having the Euro wreaks havoc in weaker European countries economies, but that is another can of worms.

A lot of what is wrong about the gold standard would apply if a country decided to adopt bitcoin as its sole currency btw.

Why I’m ALL-IN On Tesla Stock

newtboy says...

No.
IMO….The fed printing money is (one reason) why the economy is a disaster.
Every dollar the fed prints makes every dollar worth less….and eventually worthless.
The fed keeping a moderate reserve and releasing some to stabilize the economy AND RECAPTURING IT LATER keeps economy swings moderate. (You just have to not listen to morons who don’t ever want to rebuild the reserve because it cools off hot economies, and instead they want to live on credit).
Printing money is NOT a permanent solution to not having enough money, and doesn’t keep the economy stable long term. Ask Venezuela.

Basing your dollar’s value on gdp means another 2020 and it might disappear altogether instead of just seeing high inflation for years….no advantage there

vil said:

No!

A gold standard provides none of the perceived advantages.
There was never any stability under a gold standard.
Unless its just a Bretton-Woods type "gold" standard where the gold is symbolic. The fed printing money is what keeps economy swings moderate.

Americans Tell NBC, “Blown Away” By Bidenflation,

newtboy says...

I do….and I can list reasons why I think what I think, unlike yourself who is embarrassed to admit you never actually think yourself and all your arguments come from disgraced and debunked liars who’s jobs are to lie, almost exclusively when it comes to any political topic.

The ship only turns so fast. It needed SO much correction on SO many issues because the last demander in chief refused to steer the nation anywhere but into a reef for the last entire year of his term….the last 3 months totally intentionally while he drilled holes in the keel and cut holes in the sails.

The nation certainly needed serious and immediate correction. Glad to hear you admit it, even accidentally.
You’re complaining about more spending!? You must be joking! Compared to spendthrift Trump, he’s a fucking miser. Every major project he’s put forward has been paid for in the bill, not so with the last administration that thought they couldn’t overspend because they can print more money….the biggest deficit and fastest debt rise (both by dollar and percentage) EVER by a mile. And put us in a recession with high inflation, negative GDP, outrageous unemployment, and near a million dead for the privilege. Joe invested in American infrastructure. Complaining about spending will not be tolerated from you after supporting Trump. Not for a second, you unbelievable hypocrite.

He did many things, leading to a healthy economy and amazing jobs numbers and rising wages among other improvements. All work against inflation.

But you like to say he’s done nothing, so how’s 4 examples on the Afghanistan disaster alone work for you?
He negotiated 6 more months to be gone.
He evacuated any and all Americans that wanted out, including those that waited until the last day.
He set up and staffed new systems (granted too little and late) to assist Afghans that worked for us in getting at least refugee status if not visas. This should have been step 1 in February 2020….likely a big surprise to find nothing started or planned when Joe took office.
He pulled out billions worth of functioning, still owned by America weaponry (what you love to whine about is the weapons in Afghani’s hands, and decommissioned often scuttled vehicles we abandoned….yes, a waste) that before he took office were being left in country.
Simply put, he made a plan and implemented it, can’t say the same for his predecessor. It wasn’t perfect, but it was something….which is a massive improvement.

He’s a mile above the low bar set by your idol, who spent nearly a full 1/3 of his presidency off playing golf (after promising not to play at all), and >1/2 of every day on personal executive time eating junk food and watching TV (but only ever taking softball questions from far right outlets, refusing any non right wing reporters a question much less interview). The remaining 1/6 was largely filled with rage tweeting and executive toilet time (pooping or shredding, you choose).

Your position is old, dementia ridden, no leadership, no question taking, slow, incapable of speaking or thinking, doesn’t know who or where he is Joe kicked fat lazy dumb Don’s ass without even holding rallies, did it in his pjs without breaking a sweat or raising his voice. Odd you love to constantly degrade the guy who’s by every measure head and shoulders above your messiah and proved it by a historic landslide. Seems you wouldn’t want to keep putting Trump down as a massive total loser to such a sad, weak, incompetent opponent, but you gotta be you.

bobknight33 said:

If you think this is Trumps fault, think what you want?

But
This is on Biden, commander in chief. It is his job to steer the ship. To correct the direction of the nation.
What has he done to correct this? NOTHING, except more spending , making this worse.

Biden use by date has long expired. He has no leadership ability, He cant take questions He is kept from media and public for fear on looking tool old and too slow and unable to speak intellectually. His days are in the past.

Americans Tell NBC, “Blown Away” By Bidenflation,

newtboy says...

Downvote at dishonest “bidenflation”. This is Trumpflation if we must be infants.

Economists will tell you how inflation happens. Creating 1/3 of every dollar in existence to pay for things we can’t afford (2020) is the simplest way. Lowering GDP is also a factor (-2.2% 2020)
At least under Biden, wages are increasing too. Didn’t happen under the last president, not so much. Inflation from a glut of new money (but no added value) takes time. It will continue no matter what steps are taken until the spending we did on fake “credit” gets paid.

Another debt Trump left, not Biden policies driving inflation.
I defy you, @bobknight33, name 3 Biden policies that are driving inflation. Name one. I’ve named the Trump policy economists say caused it….printing new money to pay for programs without funding. Look it up.

As for meat prices, remember that little thing called Covid? Remember how the last administration insisted Covid was a mild flu, and meat processing plants closed because of massive outbreaks? That, and subsequent labor shortages have increased prices, not Biden adding taxes.
Comparing mid pandemic unnaturally low (shutdown means cheap fuel, even free oil) fuel prices to artificially inflated (refineries refused calls to ramp production back up) prices of today is a red herring, a paper tiger. Two factors there caused the increase, neither caused by Biden.

Total false narrative, or in bob speak, FAKENEWS!

STUDY: $500 Per Month Life Changing For The Homeless

newtboy says...

Did they offer that in the program, or was it only random individuals….or are you extrapolating, assuming the program became universal? I thought this plan was just for the indigent.

$500 each for 4 works out to more than my wife brought home for 40 hours a week after 15 years at her last job…..barely livable for 4 anywhere in California, a nice income in some states. Not a huge amount to provide for 6 months. How much does temporary housing, services, extra law enforcement, etc cost over that time for 4 people? I assume they’re close.

Yes, universal income is costly, but most on the right won’t consider giving the destitute money if they don’t get a handout too, that likely multiplies the amount by over 10 times. With a means test, it would be billions, maybe under $100 billion. We spent nearly $6 trillion on bad Covid response in 2020, including trillions to corporate welfare handouts with no strings attached and they still fired millions of workers. I think if that’s ok we can afford to invest in making people productive again instead of drains on society (of course, not everyone will benefit, but 75% success must be a win overall). If not, socialize any corporation that took a bailout, we bought em, we should own them.

…Or taking on more debt like every government project, but the increase in gdp from turning costs into profits likely pays for the program without a dime in new taxes, just a reduction in costs of handling the homeless and new taxes from their incomes….especially if you have a means test and not universal income.

Yes, they convoluted by calling it universal income but focusing on homeless. It should be UMI. Universal Minimum Income….under employed get less than unemployed up to a certain minimum livable combined income, fully employed (with living wages) get nothing….IMO. Sadly, a large portion of people can’t see what’s in that plan for them (no homeless, less crime dumbshits) so won’t consider it unless they also get $500 even though that’s not even a noticeable amount to them….one more ivory backscratcher.

bcglorf said:

I'm gonna have to be that guy. $500 a month for a family of four is $2k, which is a very good chunk of money to drop in your lap.

That works out the same as it they were on a single income, working 40 hour weeks at $10/hr, so almost equivalent to a full time job. No doubt that's gonna be a big deal and noticeable financial improvement to the recipient(s).

As always with UBI schemes, the devil is in how you pay for it. If it's truly universal, paying $500/month to ~330 million Americans would cost $1.98 Trillion dollars, meanwhile the current entire US gov budget for 2022 is estimated at $1.2 Trillion.

So, to implement $500/month universally in America would require not only increasing overall tax revenues by almost 50% it would also require the cancellation of 100% of every single other expenditure. That not includes military spending going to zero, but even cancelling the jobs of everyone that collects taxes and would presumably have been responsible for distributing the $500 checks.

If the 'fix' is to just tax the pants off anyone earning more than the $500/month, or limiting who we give it to, then it ceases to be a UBI scheme, and is instead just a mundane modification of the existing social security scheme by shuffling more money back and forth between different folks.

Biden’s first year as President: A Beatles remix

newtboy says...

You’re right, it was a GREAT year for Joe, America’s economy, and pocketbooks. The best gdp growth in decades (CDGDP up 10%), amazing jobs numbers (6.4 million!), and the fastest stock market rise that put money in even your wallet.
2020 was the no good very bad year where jobs, gdp, and the stock market plummeted like never before.
Such a dumb tool, Bob. “Democrats are awful, Trump is great….reality be damned.”

Forget 22 and 24….Biden is going to use Trump’s plans, so no vote totals ever, sieze voting machines before tabulation, claim all Republican votes are fraudulent and discard them, and use the military to crush any dissent. If that doesn’t work, Kamala will just certify the alternate electors and they’ll vote for Biden. Perfectly legal, moral, ethical, and democratic right? Enjoy, you already say that’s totally reasonable and legal. Turnabout is always fair play. D’oh

bobknight33 said:

Not a good year for Joe.

Not a good year for the American pocketbook.

bobknight33 (Member Profile)

newtboy says...

Math is the main requirement for engineering. If you can’t do basic math, it’s incredibly unlikely you could earn a degree in any kind of engineering. If your wife couldn’t write a sentence I would also doubt any journalist credentials she claimed, if she couldn’t do basic arithmetic I would doubt any degree she claimed. There are basic minimum requirements to graduate that you don’t seem to meet. So much for your stupid rebuttal.

Clearly it’s not…but what is? Not math. Not critical thinking. Not history.

As I’ve said repeatedly, clearly, and directly, no. I don’t think he’s achieving as much as even I hoped for in my unbounded cynicism, and I never had high hopes from him, he’s not my choice….but I understand exactly why he’s not getting much done and don’t hold him 100% accountable for much of it. Without a functional congress, his hands are tied on many fronts.
Foreign policy, that’s on him. I wish we had soldiers in the Ukraine so Russia would be forced to attack America if they want to attack the Ukraine….like we said we would when they gave up their nukes by treaty.

I invite you to explain how I’m wrong at any time, but without facts and reliable sources to cite you’ll likely fail like so often before.

? Grand master? I pointed out a basic fact, GDP under Obama was double GDP under Trump. What delusional fantasy are you railing against now?

Didn’t watch. Guaranteed it was more informative and less self aggrandizing than any Trump “press conference” ever, with fewer exaggerations and outright falsehoods.

Incomprehensible. Take a deep breath and try again. Use your words.

Massive debt, unequalled corruption, isolationism, nationalism, and division certainly don’t make America better, and that’s the Trump legacy. Investment in America makes it better, Biden’s already done that and wants to do more.

bobknight33 said:

My wife has a journalism degree but can't do any meaningful math.

So much your stupid argument.

Everyone is different, grammar is not my strong suit.

You know so much that just ain't so. You in a bubble. Are you 1 of the 30% that think Biden is doing a great job?

You sit here thinking up on you high horse but you are so often wrong is it laughable


Trying to put the failed OBAMA on some grand master of a POTUS truly shows how much shit for brains you have.

Truly I bet you think Bidens 2 hour press conference today was pretty fucking all right.


80% failure where you most likely 80% success. This is how shit you are.


You, like Obama, Biden Clinton are good at speaking BS. Just keep giving your failed ideas of what makes America better.



Send this Article to a Friend



Separate multiple emails with a comma (,); limit 5 recipients






Your email has been sent successfully!

Manage this Video in Your Playlists

Beggar's Canyon