Y usa can't go broke

[kevinUsa]

https://youtu.be/mmuysv17T9M

[kevinUsa]

 

[Ryzen_renoir]

Most people can't comprehend that , at worst the dollar will crash but the country will be fine .

More money was printed last year than the last 100 years combined . 

 

[macha]

what happens when yuan or any other currency is worlds currency ? all Assam eyy ga...

[Telugodura456]

30 minutes ago, Ryzen_renoir said:

Most people can't comprehend that , at worst the dollar will crash but the country will be fine .

More money was printed last year than the last 100 years combined . 

 

Not true. Actually US printed less money than china over last 50 years.

[Ryzen_renoir]

12 minutes ago, macha said:

what happens when yuan or any other currency is worlds currency ? all Assam eyy ga...

That will only happen when there is trust in China's currency . 

Right now the biggest competitor to dollar is euro but they are also caught in complex issues . 

Crypto currencies are too low tech and unusable . 

There is no alternative for dollar in our lifetimes 

[Telugodura456]

what these people dont say is that it works only for US because dollar is the international trade currency. SO US can literally import anything - oil, clothes, cars, software programmers, food by just printing dollars. But if china wants to buy say oil then it must first earn dollars and to earn dollars its people have to sweat and make actual goods because chinese govt just cant print dollars.

[Ryzen_renoir]

1 minute ago, Telugodura456 said:

Not true. Actually US printed less money than china over last 50 years.

Why don't you look at the fed stats 

In 2020  fed printed more money than 1920 to 2019

[Telugodura456]

Just now, Ryzen_renoir said:

Why don't you look at the fed stats 

In 2020  fed printed more money than 1920 to 2019

I will check that but generally speaking US does not print as much money as other countries do.

[Ryzen_renoir]

1 minute ago, Telugodura456 said:

I will check that but generally speaking US does not print as much money as other countries do.

Covid deficit was 8T dollars 

[Telugodura456]

Just now, Ryzen_renoir said:

Covid deficit was 8T dollars 

Not all of it was printed. Some was borrowed from market.

[Ryzen_renoir]

4 minutes ago, Telugodura456 said:

Not all of it was printed. Some was borrowed from market.

It doesn't matter who  the source is. 

Anyway india's biggest failure in 2020 was not printing / borrowing enough money to spend on infrastructure . 

Polavaram should have been finished on war footing , more highways , more railway lines , more colleges , etc but what did modi do ? He gave some loan moratorium and few loans . 

Huge failure , they are still only selectively finishing infra projects with eyes on election .

Only 11000 crore given to polavaram till now , at this rate it will take 20-30 years to rehabilitate everyone .

 

[Telugodura456]

Just now, Ryzen_renoir said:

It doesn't matter who  the source is. 

Anyway india's biggest failure in 2020 was not printing / borrowing enough money to spend on infrastructure . 

Polavaram should have been finished on war footing , more highways , more railway lines , more colleges , etc but what did modi do ? He gave some loan moratorium and few loans . 

Huge failure , they are still only selectively finishing infra projects with eyes on election .

Only 11000 crore given to polavaram till now , at this rate it will take 20-30 years to rehabilitate everyone .

 

Agreed on india. Modi doesnt understand economics.

[Ryzen_renoir]

2 minutes ago, Telugodura456 said:

Agreed on india. Modi doesnt understand economics.

Politicians don't get it but a real leader will hire experts and delegate tasks . 

Motham politics nadusthundhi emi chedhamu

[Shameless]

56 minutes ago, kevinUsa said:

https://youtu.be/mmuysv17T9M

because they have so many paisal printing machines...