There is more debt in the world than there is money

>There is more debt in the world than there is money
How can capitalists on this board defend this?

Other urls found in this thread:

federalreserve.gov/boarddocs/testimony/2001/20010125/
tampabay.com/news/business/economicdevelopment/study-obama-tax-hikes-on-rich-didnt-hurt-economy-or-rich/2301353
thebalance.com/us-gdp-by-year-3305543
twitter.com/SFWRedditImages

Interest rates

>national banks issuing debt based currency is capatalism


Try again kiddo

There are more people than the joos, yet they have more money than the more people

How can

That clock is wrong as I am debt free.

What would have happened if right wing retards didn't elect their hero Dubya Bush

That as an incredibly stupid rationalization for a very serious problem.

It has very little to do with bush in particular although he didn't help

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Bush pissed away the surplus on wars and tax cuts on the rich

Wow thanks Republican congress.

We sure went to shit when we elected that globalist Bush kid and a Democrat congress that wouldn't let us reform the housing bubble.

Bush had a GOP Congress and Republicans had nothing to do with the Clinton surplus. They pissed it away the moment they got the chance with Bush

Presidents just propose budgets, Clinton better thank Newt's Congress.

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Dude

The legacy (((banks))) practice monopoly banking, fractional reserve and fiat money printing, it is not the concept of capitalism that is the problem

That's a funny way of spelling Clinton.

>obama increases debt by 7 trillion dollars, more than any president ever
>BUSH DID THIS
gas yourself

This is now officially a Obama leaf thread. Proceed at your own risk.

Newt had nothing to do with the surplus. He was thrown out of his own party in disgrace in 1998.

Newt opposed the measures that led to the Clinton surplus.

The Iraq war was bad and a waste of money, agreed.

You are ignoring the boom that came from the internet, and the fact that the housing bubble was a mess which Democrats would not allow to be deflated because racism.

Then again, you're also a leaf and deserve to be raked.

Obama reduced the budget deficit by 2/3

>tax cuts on the rich

THEY DONT PAY SHIT IN THE FIRST PLACE YOU DUMB CUNT, TAXES ARE NOT FOR THE RICH

Semantics
Money is whatever the state/financial authorities can give a guaranteed value for trade
Call debt money, call some green dyed paper money, call a shiny stone money.
In essence, it's mostly the same.

The costs of Bush's wars, tax cuts, fuckups and recession don't magically stop as soon as he leaves office.

The government debt wa son track to 0 for a a grand total of like 3 years in the late 90's.

Other than that it's perpetually been in debt. Duby'a didn't "piss it away". A lot happen d after 2001

Look ya know what, there is no point talking to a retarded hack. The problem is governemnt and our monetary system in general not a specific group of corrupt politicians vs another

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>Have your retard inbred cousin drive the car down the ditch
>Have a sane driver try to pull it out
>OMFG the sane driver is a fucking terrible at driving

The deficit is not the debt you fucking clown

Coming from a tax haven country lel

IT'S
A
FUCKING
LEAF
WHY
DO
YOU
TRY
TO
CONVERSE
WITH
IT

Republicans slash taxes on the rich by trillions then wonder what happened to the budget they fucked up. Every time. Republicans can't be trusted with money.

federalreserve.gov/boarddocs/testimony/2001/20010125/

>first world nations with adequately-sized militaries
>caring about "debt"
Come and try collect your money niggers I dare you.

People actually think there is a fundamental difference between bush and obama?

and let us not forget that the same people who own the banks and the money printing machines own everything else too, everything

fucking obvious really isn't it

If you had a magic money printing machine, what would you do?

Me. I'd run that machine day and night and buy everything and make you all my saves

Do you not understand how debt or credit work? It only makes sense that people want things now but can't necessarily afford them so they need to make contracts/obligations to gain access to capital, etc. to do things.

Exactly. Right wing retards don't know the difference between deficit, debt and spending. You have no clue.

Obama reduced the budget deficit by 2/3and was the slowest spender in 80 years pic rel

Money IS debt, you moron.

Massive difference. Bush slashed taxes on the rich. Obama raised them on the rich.

Trump is Bush 2.0

You could take everything owned by the rich and most of the profits of the top corporations on earth and not make a dent in the national debt

It's not a taxation problem it's a spending problem. It's like blaming a flood on the guy who left his hose on

Literally no business would even start without debt

Not just any leaf, it's the obamaleaf

>Spend 6 gorillion on bailout in 2009
>GOP takes over congress and cuts spending, increases revenues over the next 8 years
>MUH MAGIC NEGRO

Obama added twice as much to the debt as bush did.

>presidents balance the budget
>inb4 *Republican presidents

>When 1/2 of US spending is on healthcare, which Obongo expanded via ACA.
Absolutely positively gas yourselves and never return you fact-denying degenerate.

>You could take everything owned by the rich and most of the profits of the top corporations on earth and not make a dent in the national debt

Isn't just Apple worth trillion dollars? How much of the other companies are worth combined?

This is why Republicans can't be trusted with money. You don't know what revenues are. You think revenues are a myth.

Look at how you retards approach budgeting. Oh well this thing won't completely pay off the national debt, so we can't take any measures to reduced the budget deficit.

Obama reduced the budget deficit by 2/3. Please tell me the last time a Republican did that. You can't. All Republicans do is explode the budget deficit.

>a few percentage points on income tax is a massive difference

Do you really think the world hinges on weather 6 million rich people pay 30% income tax vs 38% income tax?

Better not tax them at all then

A lot of that is in patents, then there's all the tax havens, and you're probably talking about market cap too.

Once that starts to be confiscated, the value evaporates and the international money disappears..

The problem is not capitalism. The problem is the (((fuckers))) who run the system. (((They))) will always screw up your economy, no matter what kind of economy you have.

Right wing retards are so dumb, they don't know that Democrats had the Senate until 2015.

>>Spend 6 gorillion on bailout in 2009

things that never happened

You retards don't even know that Bush crashed the economy in 2008.

Obama didn't write a single law.

>I don't understand how basic economics works
Are you and idiot or do you not pay attention.
Money is created from Labor. We don't live in the gold standard anymore.

This. Wtf. Underrated.

(((Keynesians))) tell us not to save money, but to spend it constantly while borrowing even more, so that (((somebody))) profits.

Just make sure not to audit the Fed go-err I mean customer!

What template language are you using?

Thanks for showing that Republicans with a GOP Congress pissed away the Clinton surplus.

What are the big 4 accounting firms? When taxes are high companies will pay millions of dollars to hide as much of their income as possible.

You are actually encouraging tax evasion

But whatever you are obama leaf who thinks obama is somehow a good president and that income taxes dictate the future of the word and the econemy

Obama reduced the budget deficit by 2/3 (You)

Obamacare reduced the budget deficit and long term debt projections actually.

This is you.

Have you ever considered why when you remove taxes from the rich they HAVE to invest it? There is a literal need for them to invest it otherwise their wealth's value will deteriorate.

But do you even know why? I can easily explain but I'm hoping at this point that you're just a jk-LARPer thats just trying to fuck with people

>What is tax evasion prevention

Lol yeah it does make a huge difference actually. You continue to not know what revenues are. This is why Republicans can't be trusted with money. You slash taxes by trillions on the rich and then wonder why you blew up the budget deficit.

How can you become debt free with a debt based monetary system? Wouldn't that remove money from the economy and create heavy deflation until no money is left?

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This is actually a very good comic except the president probably doesn't spend that much time reading shit, he pushes for inicitaves and meets/directs the people that actually get down in the weeds

The real scary things are the unfunded liabilities. 206 trillion for China and 119 trillion for the US.

The Clinton surplus only existed because Reagan lowered taxes and allowed a private sector boom that Clinton took credit for. It takes years industries to develop, you know that right? 2001-current is because Both Bushes, Clinton, and Obama fucked all that money away.

well it's not like that money just disappears when you use it to pay down the debt. It just gets shuffled around from one account to the next and the world goes on. It's a horrible system but I can't think of a better one.

Thats my 401k Im going to use to get my ass wiped when Im 90 so i dont give a shit.

HEY
HEY RICH PEOPLE
WE
WE ARE GOING TO START A LONG
SLOW
BUREAUCRATIC
PUBLICLY DEBATED
BICAMARATE
PROCESS TO COME TAKE YOUR MONEY

ALL OF IT

SO
STAY
RIGHT
THERE

see Funny how the solution is never to go after your billionaire globalist overlords.

Cut our taxes goy! We promise the money won't end up in Panama!

Keep trying jr.
People with skills build start ups with $0 all the time

Obama didn't write that.

debt is literally money

>a few billion dollars makes a massive difference

Which is why dumping trillions in of dollars into our econemy through stimulus and money creation barely kept us from a deflationary death spiral

But no dr. Sanjay paying an extra 50k a year to the Feds is what really makes the difference

Meanwhile the Vatican is made of gold.

RIGHT WING RETARDS THINK IT ACTUALLY TRICKLES DOWN AHAHAHAHAHAAH

RIGHT WING RETARDS THINK BILLIONAIRES NEED TAX CUTS AHAHAH

Except of course you won't say trickle down. But it is what you believe.

tampabay.com/news/business/economicdevelopment/study-obama-tax-hikes-on-rich-didnt-hurt-economy-or-rich/2301353

"It is striking to note that the best growth years for the bottom 99 percent since 1990 have taken place in the mid to late 1990s and since 2013, shortly after increases in top tax rates," Saez wrote.

>muh reagan
>based neolibral amirite

kys

>being this stupid, like always
>inb4 pic saying Obama's economy and some shit about how the Republicans want to take credit for it now.
Are you finally ready to admit that presidents don't create jobs or balance to budget?

I know right. Sold have kept an eye on dem lobbying before it went out of control

Read this report.
That was the plan.

federalreserve.gov/boarddocs/testimony/2001/20010125/

You're retarded. I literally just started a business with a friend. No debt and hardly any capital required to start. ~$300 to file the business with the state and our products are code and service based so we don't have to warehouse inventory or any of that bullshit.

most of that debt and money isn't real/ is only spent in the west

living outside the west is way way cheaper than living in it

Raising taxes on billionaires by a few %

"We're taking all of it."

Who is (((pol))) really here to protect?

>>There is more debt in the world than there is money
>How can capitalists on this board defend this?

Socialists are the ones who like debt.

Libertarians and Ancaps are the most vocal opponents of debt.

Money is an illusion.

Read a book sometime.

>percentages of big numbers is also a big number and this is bad
now show the percentage increase
>I bet you wont

>Clinton passes the ACA and NAFTA
>country goes literally to shit within decades
ermagerd muh presidon't

You can be a capitalist and not be a fan of central banking and interest.

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Lol I love how you're now arguing to explode the budget deficit because billionaires need tax cuts. Exactly what I accused you of doing. You're doing it.


>a deflationary death spiral

Inflation is 2%. Rates are rising. Deflationary death spiral? You need to update your talking points from 2009 kiddo. You've lost the plot m8

"Service unavailable" says your link.

So fucking stupid.

Do you even know what budget deficit stands for? It's a description of spending relative to income. If spending (like in Obongo's case) is vastly increased relative to previous years with similar or lower budget deficits, that simply means that Obongo had a better economy.

Even at the peak of the depression, Obama started out with a real GDP (inflation corrected) higher than Bush did in 2000 (12 Tril v 14 Tril)
>Source : thebalance.com/us-gdp-by-year-3305543

The fact that he STILL spent more than Bush before even starting his retarded Syrian war means that he manage to spend his money more quickly in times of peace than a guy who actively invaded and overthrew a government.

Debt crisis is caused by bankers, they can lend money wothout actually having it in the first place, they juat change the numbers on the screens/books. Capitalism refers to an economy where people can freely exchange goods and services for private gain - the natural state of all civilized (post tribal) humans

>appealing to Le Nazi
answer the question fuck head.

>lefties think trickle down is an eneforced economic model

Trickle down was a phrase coined by reagans administration to explain how money flows down stream and why cutting taxes on corporations is good.

Corporations keep more money, that money goes into a bank (which is in turn loaned out or invested in other companies i.e. Stocks) or into the company itself to hire people and expand.

Those people that are hired make an income and buy food and shelter and water and pay taxes

Then that money goes to the store owners and into local government budgets for schools and police

Which are staffed by people who in turn buy things

That is fucking Trickle down idiot.

we dont defend this.

this is jewish capitalism at its finest and it must be destroyed.

Republicans called it the Obama economy. Now you degenerates are trying to take credit for the Obama economy after bitching about it for 8 years? Absolutely degenerate.

How is it that the same GOP Establishment shills show up every time I post in a thread? I'm a huge threat to you GOP shills aren't I. Because I tell the truth. You fear me.

>their hero Dubya Bush
hes worse than obama.