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That all these “savings” will be given back to us.
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That all these “savings” will be given back to us.
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Mike Norman considers the following as important:
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New Economics Foundation writes Is the Labour government delivering on its promises?
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Matias Vernengo writes What is heterodox economics?
| That all these “savings” will be given back to us. |
My opinion on USD…According to the IMF, if global demand for USD as an international trade settlement currency via instruments such as bills of exchange is 60% of all other world currency claims, then the United States might need to issue more currency through debt to reduce the parity of USD with other currencies, effectively exchanging debt for goods. After World War I, the UK experienced a similar situation; its exports suffered due to high prices, and unemployment was elevated because the British Pound was the predominant reserve currency. During that period, the US could export substantial amounts of goods to Europe since the USD was not the primary reserve currency globally, regardless of the gold standard.
Global trade is on track to hit a record $33 trillion in 2024. unctad
Love your shirt. I wonder if it’s different when people are not just jittery about the markets but they become jittery about the safety of the entire world. If Trump and Elon are trying to destabilize the dollar because they want to increase the value of crypto, then sovereign currency isn’t going to matter much.
I was at the first bitcoin conference (I was helping the producers) in my state and I can tell you that from the very beginning, they’ve wanted to transform the world currency to bitcoin. So they could be the richest people in the world—for being the first investors.
Love your shirt. I wonder if it’s different when people are not just jittery about the markets but they become jittery about the safety of the entire world. If Trump and Elon are trying to destabilize the dollar because they want to increase the value of crypto, then sovereign currency isn’t going to matter much.
I was at the first bitcoin conference (I was helping the producers) in my state and I can tell you that from the very beginning, they’ve wanted to transform the world currency to bitcoin. So they could be the richest people in the world—for being the first investors.
So if it’s all just electrons, what’s wrong with sending 300 billion to Ukraine?
It doesn't get sent to Ukraine, it goes to defense contractors working in factories inside the United States.
@@billkem007Yep, so it’s actually a handout to US companies themselves.
@@TradingNirvana paychecks for American workers.
Reserve currencies, years in use:
Portugal, 80
Spain, 110
Netherlands, 80
France, 95
United Kingdom, 129
United States, 80+
I just never heard you be so vocal about Biden and he was the absolute worst! It wouldn’t surprise me if the government was as corrupt as they say. So glad to hear you say out loud that you want Trump to succeed. To me, whether I get anything back or not, I’m glad that future budgets will be based on their work.
elon is not a genius, he didn't create shit, he's been picked and groomed from a young age with backers wtih unlimited money it started with paypal. That money snowballed into other things, Tesla he bought from someone else.
$2T in spending cuts will equate into about a 7% hit to GDP baring the non-government increasing it's spending by $2T. And in reality they wont be able to cut $2T because a 7% hit to GDP will mean there will be a massive spending offset caused by rising unemployment claims.
Probably the least painful way to cut the deficit would be to drop interest rates back to zero. The Treasury spent nearly $900B on interest on the debt in 2024.
During Budapest Memorandum 1994 US president Clinton pushed president Kravchuk of Ukraine in to send 200 ICBM to Russia. Clinton told Kravchuk not signing would risk major damage to U.S.-Ukraine relations. Nowadays every ICBM costs with all infrastructure 5 billion USD with a B (ukraine-can-go-nuclear-should-it by cepa). US made damage to Ukraine in amount of what ? 1 trillion of USD and all this without long range airplanes.(Ukraine and weapons of mass destruction). Never to trust US and US presidents in the future. Snake oil culprits.
Indeed, Musk's Grok AI concludes that all these cuts will cause a recession. I think he knows and is causing a recession intentionally.
elon and trump want it all.
Top.
No one's told Elon "no" for a while. And he may be so used to people telling him, "that's not how it works," having been wrong in the past that he truly believes he's figured it all out — even in areas where he knows nothing.
COBOL programming sets an empty value of a date to 150. That doesnt mean there is fraud, it just means the date field is blank.
This money thats halted from going to forever wars, warmongering for more killing, and sowing division around the rest of the globe….is supposed to be then directed at doing good AT HOME. NOT being "cut off", the dollars still flow. Trump is well aware US can't go bankrupt, he's said so, he likes popularity, he'll direct the blood money into more popular efforts at home. Not one of them has mentioned cuts to social programs here that affect the masses, so there. If its all about "the flows" , well, think of it as a dam being put up infront blocking the river of money into the horror factory and it just being diverted back home.
Musk is a straight up liar where is electric business is concerned, broken promise after the next…but if his fame can call shame onto fascist dictatorships in UK/EU zone (in receipt of "the flows"fk me they even bunged the bbc a few mill, state tv, they don't need anymore!) who put journalists in prison and cancel elections "for democracy sake" then good. I can't imagine what the people who fought in WW2 would think if they could see UK/EU turn into what they battled to destroy. Its so bad over there, anyones help is welcome.
Is it okay to take SS, medicare and Medicaid and send to people a few bucks now? 🤦♂️🤦♂️🤦♂️🤦♂️
muskrat and trumpy could say April Fools. since they both hate America, they will just keep destroying America.
I keep looking for my Elon check in the mail…. …have not seen it yet. Did you get yours?
@@frankcastle2876 2026.
@@mikeydoggystill drinking the kool aid. We’re going into a deep recession after this year’s budget. You know it.
@@RichardWagenknecht Why don't you go back and watch my videos from Q4 2024, where I cautioned about the 2025 outlook. Nearly every day I covered that in my videos. So I don't know what you are talking about "drinking the Kool-Aid. However, I will call it when I see fiscal flows decelerating. Not happening yet.
You voted for this nonsense!
You'd have to be a complete moron to believe this DOGE shit is real. It's designed to make government completely not function so that they can make the case for handing everything to the oligarchs. They want you to believe that Social Security is so wrought wit fraud the only answer is to privatize it and give it to Wall Street.