Interesting. thanks. I disagree with his reasoning that debt doesn't matter because printing money, devaluing the dollar is another way of looking at the total deficit but it still equates to the same thing, more inflation and a dollar that isn't worth anything just like Germany did in WW2. The only reason we still can do this is because we are exporting our inflation, for now, until the world rejects the dollar as its reserve currency which is happening. I expect inflation to take off in the future and commodities to continue to go up as well in value due to the enormous amount of dollars created electronically.
It's a very long-winded joke. The entire dialogue must be sarcasm or else he is advocating the Status Quo. It's a half hour I'll never get back. Thanks, Greg
Interesting. thanks. I disagree with his reasoning that debt doesn't matter because printing money, devaluing the dollar is another way of looking at the total deficit but it still equates to the same thing, more inflation and a dollar that isn't worth anything just like Germany did in WW2. The only reason we still can do this is because we are exporting our inflation, for now, until the world rejects the dollar as its reserve currency which is happening. I expect inflation to take off in the future and commodities to continue to go up as well in value due to the enormous amount of dollars created electronically.
It's a very long-winded joke. The entire dialogue must be sarcasm or else he is advocating the Status Quo. It's a half hour I'll never get back. Thanks, Greg