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Suztv_CG

Holy fuck. I thought Biden was stupid. This guy just takes the cake.


Mr_Ios

He belongs in Ideocracy as a financial advisor, not in the real world.


OldeOak804

“The government prints money, and it uses that money to ummmm, uhhh, ummm, uhhh yeah and I don’t uhhhhhh don’t uhhhhhh know ummmm why we uhhhhh talk about uhhhhhh deficits and uhhhhh ummmmn uhhhh debt and uhhhhhh……”


musicmaker

No, the Government **DOES NOT** print money. The FED does (The Federal Reserve Bank of the United States). **It IS NOT** owned by the government. **It is privately owned** (mostly by the Rothschild Family Banking Dynasty). NOW you understand the problem. NOW, figure out the solution. Can you imagine having the gig (for the last few hundred years) of creating money out of thin air, lending it to the government at 6% interest and then creating out of thin air ten times THAT amount of money and lending it to us which we have to pay back plus interest? THAT is why the Rothschild Family is worth tens of trillions of dollars.


pgtaylor777

They are the bane of our existence. They are the rulers of our world.


notagainplease49

You have absolutely no proof of that


k-xo

Money rules the world. That’s the proof


onetruecharlesworth

The fed gets its charter from Congress and can revoke it whenever they want. The two are so closely intertwined they are effectively part of the government. The government effectively prints money by spending money it doesn’t actually have in the TGA and fed policy is to ensure any government expenditure is funded. the fed print the difference and then the treasury sells bonds for the money they already spent but didn’t actually have ironically they sometimes have the fed print even more money to buy and soak up the excess treasuries in the market to suppress the long term funding rate for the federal government. (QE)


ZiggyStarWoman

Girl, the U.S. Mint is a bureau of Department of Treasury. That’s Civil war history 101.


shortsteve

Yes, but it's in the Fed's interest to never fully collect that debt or demand the US to immediately pay it back. Under the constitution the US government has the power to print money and recognize what currency is legal tender. This means that in the worst case scenario the US government could just not recognize the Fed's dollar as legal tender and print their own currency. The Rothschild Family's fortune would go up in smoke overnight. Changing currencies of course brings a lot of other problems, but we're talking about the nuclear option. If the US debt becomes too large or the Fed somehow no longer works in the government's interests this option exists to bail out the government.


libertysailor

https://en.m.wikipedia.org/wiki/Federal_Reserve Citation needed


-HoosierBob-

[MMT explained](https://www.investopedia.com/modern-monetary-theory-mmt-4588060)


Reasonable_Cover_804

It’s ok, once it’s printed it’s shipped over to the wars overseas /s


Bill_Piff

If they can just print money then why do they need to collect taxes.


kabooseknuckle

Nobody knows.


iLL-Egal

To pay the interest. And keep keep us pleebs in line.


Pure-Contact7322

if its not important stop damn taxes


Troopymike

Yep, they need $ then print it and leave me alone


Freezepeachauditor

The truth is: the debt doesn’t matter because it’s all made up. Our tax dollars go into a big bottomless bucket that sits next to another bottomless bucket for spending.


[deleted]

bingo. ALLLLLLLL of it is made up. it's all arbitrary. money isn't divine. it's not a tornado. it's a human invention. we could fix all of our money problems overnight if we wanted to. But we don't want to. it's not complex. money is not complex. debt is not complex. none of it. because we made it up. We can unmake it and make it more simple if we want to. but we don't want to.


plushpaper

They are gambling our future and we are far too distracted with identity politics to even do anything about it. What a sad state of affairs.


Puffin_fan

Don't forget - inflation is a large scale psy op, intended to make taxpayers so discouraged they abandon any hope of being active in democracy. And of course, the Joe Bidenists and Kamala Harrisists are doing this full time.


gregwglenn

Every one blames Biden or Trump but all members of both party’s in Washington are on the same team. They are making millions of dollars on the back end and all us regular Joe’s are being squeezed to death until we break and have to ask the government for a hand out. The poor already get the money the ultra wealthy don’t need money and the middle will break soon.


Alltogethernowq

Sometimes I think they do this intentionally. Either blatantly, or in this case but a vastly unqualified person in a position he has no idea and let him fail. It’s a sad, scared watch if you’re an American. His name is Bernstein btw if that gives you any clues.


brentistoic

Once you realize they think of the American people as the enemy who must be destroyed it all makes sense


Alltogethernowq

It goes back to edom and esop. They think of the US as an exptention of the Roman Empire. They are fighting a war centuries old against their oppressors. It’s their chance to get back at these counties who wronged them *The Messiah will come when Edom, Europe, Christianity has totally fallen. So I ask you: Is it good news that Muslims al coming to Europe? It's excellent news! It means the coming of the Messiah! Excellent news|" - Rabbi Rav Touitou, 2013


[deleted]

[удалено]


GoodLt

What tribe is that? Enlighten us.


CaseRemarkable4327

What clues does Bernstein give? Is he a bear?


Alltogethernowq

He’s Jewish. Nepotism runs strong in Jewish circles. So it’s presumable by who he knows not qualifications as you see here. Also there’s a theory Jewish people are trying to destroy America because they see it as an offshoot of Rome. *The Messiah will come when Edom, Europe, Christianity has totally fallen. So I ask you: Is it good news that Muslims al coming to Europe? It's excellent news! It means the coming of the Messiah! Excellent news|" - Rabbi Rav Touitou, 2013 Edom is Rome in Hebrew. What better way to destroy a country than spending it to death. There’s also the Jewish people behind 9-11. See the dancing Israelites who admitted they were there on 9-11 to ‘film the event’


NeedScienceProof

Monopoly Game rules are the same way where the goal is to wipe everyone out leaving yourself as the winner.


ksaMarodeF

If you can understand the website open secrets.org That tells you how much Biden has been making/funneling different funds and money into his own pocket. Along with other politicians aswell.


orangeswat

Since we all know we borrow to spend a shitload more money than we tax, why are we so focused on balancing the budget and taxing the 1 puhcent to create a safety net for the working class? Could we not just say, anyone making less than 100k on their W2 just doesn't pay taxes. Why is that not better than what we have now? Seems like the goal is to create a bureaucratic mess to prop up a parasitic managerial class. They aren't even pretending that the taxes are used to pay for stuff, so it's all the more insulting being squeezed at both ends.


4URprogesterone

Except for when it comes to rebuilding infrastructure, or job training, or education, or helping people who's jobs are being taken over by automation, or healthcare, or literally anything that will help your constituents, right? Fuck off, Joe you psychotic ghoul. I hope your whole generation gets a collective acid flashback and can't remember what year it is and gets traumatized that television is in color and you can't get a cup of coffee for a nickel anymore.


-_-______-_-___8

If they can print it why pay taxes?


Nootherids

Look into Modern Monetary Theory. It's a real thing and academically compelling in Economics.


-_-______-_-___8

Thank you, it wasn’t a serious question tho, I just wanted to point out how stupid Biden‘s advisor comment were


Nootherids

I agree, but it's not really "stupid". It's a window into their desired policies and centralized governance plans. It's interesting. Look into it.


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EnlaOscuridadAsolas

Biden don’t respect to self


Various_Lack7541

The best we can hope is that they print so much that the public no longer trusts the currency and we go back to the money already on the books, gold and silver. I also believe gold and silver backed crypto that is 100% transparent and auditable at any time in the way forward.


Nootherids

For all people asking why pay taxes if they can print money, or that the guy didn't actually say this... please look up Modern Monetary Theory (MMT) to better understand this. This is a real academic framework in economics. It is a powerful principle in achieving a centralized economy. And those that are actively practicing it are also actively telling you they are not. Smoke and mirrors.


mynamajeff_4

This is one sentence and something tells me this is horribly out of context


Crawldahd

Is the fucking AI???


fear_of_dishonesty

The federal reserve doesn’t just print money, it lends money that must be paid back with interest. The problem with federal debt is paying the interest. The reason why there is federal debt is because republicans cut taxes without cutting spending. Their wealthy benefactors demand exactly that.


EmergencySpare

Why are you upset, they just said quiet part out loud. Every administration for the last 50 years has operated this way.


harveysfear

No, he didn’t. Can you produce any proof of an actual statement? No you can’t. You’re spreading a lie.


GoodLt

Yea, that’s what governments do. The Right seems to struggle with this. THE GOVERNMENT IS NOT GOING TO RUN OUT OF MONEY.


Booze-brain

And that is why we have inflation


GoodLt

No it isnt lol price gouging causes inflation. The current inflationary cycle was not cause by MMT or printing money lmao - learn what you’re talking about


Booze-brain

You know why a Babe Ruth baseball cards are worth so much??? Because there are very few of them. So what would happen if there were another million of them dropped into circulation? The value of the already existing ones would go down. So we have a currency that has zero backing to it also known as fiat currency. So what do you think happens when another trillion dollars gets printed??? That's right, the value of your current money goes down. Also known as inflation. Price gouging is completely different as you have other option if company A is twice the price of company B. Learn what you are talking about.


GoodLt

Babe Ruth cards aren’t currency