The US Government will run out of cash in early September. The Congress is paralyzed and unable to pass a debt ceiling increase. Treasury Secretary Mnuchin is now hinting about unspecified "super powers" he will invoke to deal with the crisis.
What is he talking about?
The ability to allocate spending as he wishes without approval from Congress?
Or the ability to just print up Treasury Notes in place of Federal Reserve Notes?
"This is not an issue, but I don’t want to leave any doubt that we have plans and backup plans," said the former Goldman Sachs banker following a one-day bilateral meeting between the U.S. and Canada.
When asked what those backup plans would be, Mnuchin referred to them as "Treasury secretary’s super powers."
Trump should just have the Treasury print United States Notes to pay for his infrastructure plan.
>United States Notes were issued directly by the US Treasury to pay for stuff. >United States Notes were dollars that circulated along side Federal Reserve Notes. >United States Notes exchanged 1-for-1 with Federal Reserve Notes by law. >Federal Reserve Notes are issued by a private corporation: The Federal Reserve. >The Federal Reserve lends Federal Reserve Notes to the Treasury/US Government. >The Treasury/US Gov must pay back Federal Reserve Notes with interest to the private bankers/Fed. >Borrowing Federal Reserve Notes creates enormous debts for the Treasury/US Government. >Printing/spending United States Notes creates NO debt for the Treasury/US Government. >The last president to try to print United States Notes was JFK. He was assassinated. >Trump can have $1 Trillion of new spending on infrastructure with no debt! >Yes, United States Notes are inflationary if you print too many. >However, anything is better than being in perpetual debt to the private bank/Fed/hyenas.
Nathan Baker
He knows the economy is about to implode and there will be race riots due to a lack of gibs. We are
Thomas Hill
Whatever helps kikes like (((Steve Mnuchin)))
Caleb Perez
Did you notice the stock market bubble? Looks a lot like October 1929.
Remember that he produced Zack Snyder DC capekino movies, he's our guy
William Gutierrez
Trillion dollar coin
Landon Ward
>print own notes instead of borrowing from the (((Federal Reserve)))
This is what JFK ordered in Executive Order 11110. He gets assassinated, LBJ rescinds the order on the same day.
Make of it what you will.
Hudson Green
So what is so great about these movies? (I don't go to movies anymore, so I have no idea.)
Asher Reed
Bane
Cooper Nguyen
>What is he talking about?
Maybe he's talking about my dubz? I recommend you also checkem.
Juan Cox
>Executive Order 11110 digits. If I was JFK I would have first issued an executive order about renaming a highway rest stop. Then I would have issued EO 11111 about printing new Treasury Notes.
Adam Wright
>early september >september 23rd habbening
uh, Sup Forums?
Grayson Powell
debt to (((who))) I wonder...
Matthew Phillips
please happen
Xavier Flores
Its time to get right with God, that's for sure
Dominic Gutierrez
just about everyone else
Easton Foster
A QUICK RUNDOWN ANYONE?
Kayden Morales
That his wife? How much did he pay for her?
Dominic Ward
obviously...that's why she's with him you silly goose
Zachary Jones
A financial shitstorm will hit the US government in early September. The Treasury Secretary plans to respond with extraordinary measures. Democrats and neocons will probably scream that these actions are unconstitutional.
Xavier Evans
>B-but muh capitalism...
Jaxon Foster
This.
Elijah Cruz
...
Hunter Price
Nothing is going to happen The debt ceiling will be raised and business will continue as usual
There is a good chance of war with Iran in the next 2 years though
Louise is a passionate advocate for people and animals.
. . .
She is the inaugural Brand Ambassador for British leather goods company, Dunmore with the launch of their handbag line, “The Linton Collection”.
Christopher Green
>Louise is a passionate advocate for people and animals. Pic related. Shit's goin' down. Good luck and keep your powder dry. youtube.com/watch?v=wJVpihgwE18
Eli Bell
>(((stock market)))
more like jewish casino why is this still legal
Zachary Smith
You fear out-of-control money printing by the Treasury. But we already have the thing you fear, because we already have out-of-control money printing by the Federal Reserve.
Current situation: Print, Borrow, Spend
Proposed change: Print, Spend
So we would just be cutting out the Federal Reserve and we would no longer have to pay the money back with interest.
Caleb Perry
The risk of inflation is actually very mild if it's tied to production and increases efficiency.
Mason Torres
Just print money directly, bypass the (((banks))).
Samuel James
He is hinting at The Treasury exchange stabilization fund. AKA the Treasury slush fund. Read up about it, >shits wacked yo
Camden Mitchell
Have there always been so many blacks/gays here? I hate the new flags.
Ayden Davis
>The risk of inflation is actually very mild if it's tied to production and increases efficiency. You do know which country you're talking about don't you?
>Nothing is going to happen >The debt ceiling will be raised and business will continue as usual
There is a possibility that the Freedom Caucus will refuse to increase the debt ceiling. Then they will have to get some Democrats to make up the missing votes. It's possible that the Democrats will find some excuse to "stand up" to the Trump agenda. They may want to implode the Trump Presidency. They might tie their vote to Trump reentering the Paris climate accord or something...
Xavier Kelly
They could always mint a 1 trillion dollar coin
John Wood
You misunderstand. If you print money and use it to build/upgrade infrastructure or even create businesses and overall efficiency is increased, there's a low risk of harmful inflation. If you print money and throw it at welfare and things like that, the risk is very high.
The former is because better/more efficient infrastructure itself decreases costs and the workers involved in all of that will be unlikely to frivolously spend the printed money which they've been paid on account of notable effort being put in to obtain it.
Ayden Parker
It is literally a false economy. The debt the govt. avoids by "borrowing" from the Fed Res. will end up being indexed to cpi and ultimately inflation. Enjoy paying 10 gorillian dollaryoos for a loaf of bread m8.
I understand perfectly - my point: you say "if". >If you print money and use it to build/upgrade infrastructure or even create businesses and overall efficiency is increased In the States that's a really big fucken "if".
Isaac Bennett
>implying he's black or gay look i'm ISIS guys XD
Jack Peterson
Actually, i heard that 11110 was immediately counteracted by another order or bill or whatnot that he singed right after, making it pointless even if he didnt die.
