How the fuck does it work?
Can anyone explain me keynesianism?
Ian Ross
Other urls found in this thread:
en.wikipedia.org
zerohedge.com
zerohedge.com
youtube.com
youtube.com
youtube.com
en.wikipedia.org
cepr.net
youtube.com
nytimes.com
twitter.com
Michael Gomez
Bump
Benjamin Johnson
...
Carter Gray
What does this mean?
John Harris
Ben Bernanke did nothing wrong.
Easton Richardson
>prosperity for banks and Washington DC
Brody Moore
They believe that Government expenditure can stimulate the economy, by artificially increasing aggregate demand. However, this effect must be sustained via taxes, debt, or quantitative easing. All of these tactics in the long run will create a bubble, and eliminate economic growth.
It loses horribly in a debate vs Austrians or Chicago schoolers, but it promotes the state, and is effectively a road to Socialism, so the Government naturally supports it.
Jayden Hill
Before there was Keyes in the USA, we had the Great Depression. Therefore what solutions that followed had to be put in context of the times.
Marriner Stoddard Eccles first realize that businesses and investors would not invest, spend, consume enough in a Depression to lift the Economy and Depression.
See Bill Still Videos on Youtube.
Brandon Campbell
So is a jewish conspiracy that was used to take control of the left
Ethan Young
>It loses horribly in a debate vs Austrians or Chicago schoolers, but it promotes the state, and is effectively a road to Socialism, so the Government naturally supports it.
citation needed
Jordan Young
>don't invest in the roman coin, fellow Celts, it is bound to fail, like all fiat money
Christopher Powell
The great depression lasted what 12 years? Those policies seemed to do nothing really,if it wasnt for WW2,the economy wouldnt have recovered at its fullest
Mason Phillips
Can you ask about Keynes without asking about
- Private Federal Reserve Behavior in the Great Depression and leading up to US Recessions?
- Our Currency, what kind of Currency we have, What kind of Currencies there could be
- Debt Based Currency
- Monetary Policy, Austerity, Shrinking Money Supply, Expanding Money Supply, Hoarded Money, Money that Leaks from the Economy or is Mal-Investment or is stagnated in accounts of the very rich and powerful
- How can you understand Keynesian Idea in context of Wealth Extraction, Capital Flight, Brain Drain from Industry, Globalism, Balance of Trade Deficit and Bread Winner Jobs Losses, ... what about risking wealth and income gaps... what about Pension & Retirement collapse... what about the environment of ZIRP/LIRP Interest Rates in Inflationary Economy and Requirement for Pension & Retirement Wealth Growth
- Would Keynes approve of Inflation in Housing as Wages and Compensation collapse in Job Loss Economy... and yet Inflation is planned by the Private Federal Reserve Corporation
Chase Watson
>Econ 101 detected
Dylan Baker
Well it is hard to believe main stream history and news reporting since Bankers have been at war with the USA since 1776 and before.
- You might be the Loyal Believer Generation, the Post War Generation that pulled together and believed in Government... you exhibit faith here, perhaps you are the Silent Generation that has watched the complexities of US Systems, Courts, Laws, Banking, Lobbying, Politics, Government, Taxes, War, Huge Federal Budgets that will never be paid off, inflation of money supply that can never be justified in terms of AAA rating, perhaps you watched the death of the Free Press and Good Education in the USA
-
Too bad US doesn't have a Culture for all people to learn business and finance to fight the Lawyers, Bar Association, Lobbyists, Career Politicians, Propaganda, and the Bankers and Transnationals
Brody Gomez
No country has an educated population to vote desu
Alexander Fisher
the trick is to destroy other peoples windows
Jordan Myers
And yet, the Austrians never holler about Corruption and the Corruption of Govt Statistics.
I realize that all Economist have to work around the lack of data, type of data, and deliberate obfuscation of economic Data.
But if an Economist doesn't harp on Corruption, he is owned by someone either on the right or the left... or perhaps a wealthy group that would like to go into gold, collapse the world economy, and come out owning everything.
Wealth Extraction Types
- Money flowing out of your city, county, state, or nation
- Usury
- Debt Based Money
- Taxes, Fees by Govt
- Property Tax
- Inflation in everything from Court Costs, Lawyer Costs, Prison Costs, Health Care Costs, Education Costs, Housing Costs, Govt Costs, Govt Debt, Govt Payroll, Privatization, Bans on Consensual Crimes to control people like having a marijuana joint, Insurance Requirements, Obama Care, International Laws to sue US Citizens
You don't own that house, you don't own that business... you didn't build that.
Daniel Garcia
The Chicago school is based on Keynes. Please don't group them together with the Austrian school. Empirical bullshit is not scientific.
James Parker
Just another Jewish cash grab.
Connor Nelson
Class Warfare.
But it has always been about power, and bankers & lawyers have attacked the USA non-stop for 100s of years.
USA started out as the Wild Cat with no Private Central Bank with great economic success.
Brayden Rogers
Everything is a jewish conspiracy. Though in the financial sectors and the control of the bankers over politicians is the only case where people actually have it right with their conspiracy theories.
Julian Gutierrez
>the media is not owned by jews
Xavier Butler
The US started with a central bank but Jackson destroyed it. Probably the greatest president in the US history
Angel Watson
Remember, kids...
Christopher Ross
British Medical Journal, BMJ, seems to have repeated a study published 10 years ago by JAMA on US Health Care Medical errors.
Justin Ramirez
Money being stockpiled DOES negatively impact the economy, to be fair, though most people don't save up enough money for it to really affect anything.
Oliver Kelly
Keynesianism works and is the best economic ideology
Krugman is a retarded neoclassical "new Keynesian" and shouldn't be associated with the doctrine.
John Edwards
Aiden Clark
That is actually true, the US killed its central bank at least twice and in most cases had to recreate one due to either an expensive war or an economic collapse. I still can't believe how not all your people know your own history, how you fought your revolution and won your independence from England because England wanted to destroy your local colonial currencies and basically put you guys under the chains of the England Central Bank, not one but twice. And this private interest killed and tried to kill 2 of your presidents. When I went to US to work for a couple of months I found earthshaking how oblivious most of Americans are to the most obvious historical facts.
Jackson Perez
>how the fuck does it [keynesianism] work?
>Keynesianism
>works
Pick one and only one
Brayden Ramirez
No it doesn't.
Alexander Murphy
Don't they do that already? Except that they call them "federal reserve notes".
Parker Smith
Yeah it does. It is called money velocity.
Asher Hughes
Keynesian economics ensured prosperity for everyone in the west post WW2
then the neoliberals ruined everything in the late 70s
Jeremiah Brown
they're idiots that think a central bank is "le evil" because Ron Paul said it was
Anthony Peterson
>It is called money velocity.
If you treat the economy and capital as fixed pies, sure.
>Keynesian economics ensured prosperity for everyone in the west post WW2
That was the bombed out factor of the rest of the world, m8.
You didn't read his post, did you?
Noah Thompson
Keynesian economics were generally replaced with what is called the "neoclassical synthesis" in the 1970s. The synthesis leaves out some of the most important aspects of Keynesian doctrine as well as some rather important writings on aggregate supply.
Keynesians believe that government expenditure must rise as household and business expenditure falls in order to counterbalance the effects of falling household and business consumption, and that the obverse should also be true.
Jack Butler
>That was the bombed out factor of the rest of the world, m8.
Western Europe did amazing as well
Liam Rodriguez
>Keynesian economics were generally replaced with what is called the "neoclassical synthesis" in the 1970s
Because Israel and the arab countries chimped out and wrecked the economy with high oil prices
then the kikes blamed "Keynesian Economics" and used it as an excuse to justify outsourcing, deregulation, government surpluses, privatization, ending unions, and mass immigration i.e. neoliberalism
Alexander Ortiz
>Western Europe did amazing as well
They were also in a constant state of repair and occupation.
James Wood
>They were also in a constant state of repair and occupation.
and they did amazingly with record high gdp growth
en.wikipedia.org
It's almost as if Keynesianism works and your dumb meme neoliberalism and austerity is shit
Jackson Taylor
>If you treat the economy and capital as fixed pies, sure.
I actually agree with your statement since in order for money stocks to hurt the economy not new wealth should be generated but the reality is that the ones that horde and stock money putting out of the real goods and service economy (financial capital is a different kind of capital though and that difference would take too long to explain but I guess we both know that already) aren't the mom's and pop's or rather individuals from the middle classes the ones that hurt the economy but rather the people that stock it in large quantities either be in tax heavens to avoid paying taxes on their earnings until a "pardon" is giving by their goverment usually every 8/10 years or by basically sitting on their money doing nothing but collect small interest rates, while basically lending the money to capital owners to invest the velocity of the money in the upper classes is always slower than on the lower classes.
People have the notion that stocking on money is something only low and middle classes do when in reality the ones that actually have the power to stock on money and hurt the velocity of it are the upper classes.
Nicholas Lopez
GDP is not a real indicator of anything.
Adam White
This. GDP can be boosted just by public expending.
Adam Morgan
That's why the US economy didn't suffer at all when the top tax rates were highest
They were just putting money back into the economy (although in reality the government doesn't even need to tax the rich do get money they can just run a deficit)
That's only true in the sense they count unproductive transactions such as charging rent, interest rates, gambling on securities, etc.
But higher media wages and income are an indicator (as well as lower prices and higher productivity) of economic health.
And guess what real wages and median income are stagnant since we abandoned Keynesian economics.
So again
Keynesian Economics> retarded neoliberal meme economics
Tyler Fisher
>neoliberalism totally works goys
Henry Ramirez
...
Mason Phillips
...
Michael Flores
fucking kike
Oliver Reed
...
Evan Cox
While I agree, it is also true that Western Europe has seen a rise in the quality of life of their average citizens. I love Europe and most countries I went to were magnificent a decade ago.
The problem with Europe was the birthrates (primary problem of every modern nation) and how they had to import several people from Africa or the middle east to be above the replenishment rate. I went to Paris recently and HOLLY SHIT it is nothing what I remember from 10 years ago the landscape changed so much in such a short time, I wonder what will happen to Europe as more and more people go there and basically push the welfare state to its limits.
Owen Davis
non economy dumbo here
so if I got it right, in the 70's Muricans did a reform where it unregulated some of the banks activities but also regulated them in a way that allowed the big banks to have 0 risk of going to shit?
Dylan Taylor
>The problem with Europe was the birthrates (primary problem of every modern nation) and how they had to import several people from Africa or the middle east to be above the replenishment rate.
Except that's nonsense
A lower population increases standard of living, and any health care costs can be fixed by deficit spending and debt monetization.
yes basically
and it was all caused by Israel's dumb war that increased oil prices
you can read about the deregulation here
cepr.net
They also used it as an excuse to start outsourcing to China, breaking unions, and importing millions of illegals in order to lower wages for the working class whites.
Dylan Powell
>Fiat currency and the FED had nothing to do with this goy
Jaxon King
you realize that's irrelevant right?
prices go up and wages go up so purchasing power doesn't matter.
Robert Morgan
James Johnson
the real problem is when "real" wages are stagnant and don't rise with housing costs
David Powell
And the FED isn't the reason housing prices are going up, housing prices are going up because of mass immigration, and cheap credit (due to deregulated wall street banks) otherwise known as globalism.
Isaiah Hall
the end result is this
Juan Green
You have posted a single chart in a Vacume that does not exist.
US was on a Gold Standard and the Federal Budget had to balance largely (smaller debt, smaller part of the whole economy, smaller interest expense, financial ratings might have been tighter).
But also who where our trading partners and what was the trade policy.
What was the monetary policy, tight money or loose money as per Eccles.
What was the age of US Manufacturing Facilities.
Where were the Worker Rights Laws, Union Strength, Safety Regulation Enforcement, and Environmental Regulation Enforcement in a time of heavy petroleum and chemical industries for instance.
How was wage growth and Inflation during this time.
How many Transnationals or International Corporations had huge power to invest and influence our monopolies, oligopolies and take profits out of country.
What was the Balance of Trade, money leaving our economy, going to off shore accounts.
Ryder Mitchell
In a welfare state you need a higher portion of the population to pay taxes, specially the young, since the older ones retired and stop producing wealth and basically live of their pensions and pay little to no taxes (depending on the country). So the young are left to carry the weight of the welfare state. The problem is (and has been in europe or over a decade) is that when the average life expediency up and the birthrates below the replenishment rates, it was a mathematical certainty that a future generation will come that will be unable to sustain the welfare state, now there are 2 solutions for this. Europe went for the short and easiest one, import people, first from withing Europe itself then former colonies and now with Muslims. Japan has the same problem but they went a different direction, Japan is basically increasing the productivity of each individual by freeing individuals from low paying jobs and pushing them to peruse high end paying jobs by pushing for automation in the lower scale of work.
Something that America is also doing but without the low birthrates, which will basically either generate a max exodus in the next 10-20 years of poor people to other countries, end with the extermination of an entire social class or basically social revolt.
Jacob Rogers
Theoretically, money is a commodity that goes through shortage and abundance phases. If you make sure money is never in short supply and is never abundant, you remove monetary shock from the economy. Unfortunately it involves putting the FED at the spigot and they do as they please.
The failure of the Central banks cartel is they become a monopoly and pick winners and losers. In the end they will fuck up and the money instead of being just in the right supply will either dry up completely or overflow. It's basically a more fancy monetary communism idea without actually calling it that. The people in charge of the money can't plan without market mechanisms, so they are bound to get reckt.
Luke Ramirez
>Cheap credit isnt related to low interest rates goy. We lowered interest rates in the 80's so you could afford better housing
Jayden Phillips
Well we have to discuss why Education, Health Care, Energy, Govt Payroll, Housing, Insurance, Food, Military Costs, Usury Costs are not part of the Inflation Rate used by DOL.
Weekly and hourly earnings data from the Current Population Survey
Series Id: LEU0252881600
Series title: (unadj)- Constant (1982-84) dollar adjusted to CPI-U- Median usual weekly earnings, Employed full time, Wage and salary workers
Year Qtr1 Qtr2 Qtr3 Qtr4 Annual
1979 339 334 325 328 332
1980 324 314 315 317 318
1981 317 311 304 314 312
2012 337 335 329 336 335
2013 334 333 330 337 333
2014 339 328 332
Constant Dollars, Weekly Earning same in 1979 as 2014.(BLS)
Leo Adams
>US was on a Gold Standard and the Federal Budget had to balance largely
No it didn't
FDR took us off the gold standard in 1933
>But also who where our trading partners and what was the trade policy.
we had protectionism until the 1970s
>What was the monetary policy,
the FED acts counter cyclically so it can be either
>What was the age of US Manufacturing Facilities.
Well they liked building infrastructure back then because not every factory was outsourced to China so new
>Where were the Worker Rights Laws, Union Strength, Safety Regulation Enforcement, and Environmental Regulation Enforcement in a time of heavy petroleum and chemical industries for instance.
They had good unions and safety regulations
>How many Transnationals or International Corporations
Multinational companies weren't that relevant
>What was the Balance of Trade
we didn't outsource back then so of course the balance of trade was lower.
I'm not sure what your point is besides the fact that you seem to be in denial that high tax rates don't matter one way or the other.
>In a welfare state you need a higher portion of the population to pay taxes,
No you don't
deficits don't matter and never will (unless you were conned into joining the EU lol)
that's irrelevant since the cost of everything goes up with inflation.
Landon Parker
The overall Federal Funds rate is only low today in order to save the wall street banks (who have tons of toxic mortgages on their balance sheets)
The cheap credit during the boom was caused by deregulation (repealing Glass Steagall) not the FED.
Sebastian Butler
Explain why they dropped so much in the 80's. It is obviously related.
Sebastian Ramirez
Because 16% was absurdly high, to the point of constraining liquidity and investment.
>If it's not a billion% it's not Pure Aryan Economics
Colton Sanchez
USA spends $Trillions in various sectors.
This is Inflation and can not be irreverent. The Taxing Policies and Globalization lead to loss of family wealth, family homes, middle class status, retirement & pension growth.
$1 Trillion in US MIC Security Annual Costs
$1.1 Trillion in K-12 and Education Assistance Annual Costs by State & Federal Govt
$1 Trillion in Medicare/Medicaid (HHS) Annual Costs
$1 Trillion in Social Security Costs
- Granted SS & Medicare have funding streams
$62 Trillion in Total US Debt (FRED), this is a profound kind of drag on the economy and inflation
Robert Gomez
interest rates were raised in the early 80s explicitly in order to cause a recession because the idiots running the FED thought that the economy was in a rut for some reason other than OPEC raising oil prices.
they naturally were set lower after that.
>USA spends $Trillions in various sectors.
you realize all money spent by the US government goes into the private sector right?
Only morons want the government to run a surplus since a surplus would take money out of the economy.
Blake Gray
There are different housing markets even from city to city within a single state.
The data is very big and takes time to deal with.
Not sure consolidating the data really helps in most of my work.
David Jackson
So allowing banks to take loans for free is good.How is this not related with inflation,increasing prices and riskier investments that lead to the housing bubble?
Luis Rivera
by all means go city by city
have fun
Landon Harris
>4-8%
>free
>How is this not related with inflation,increasing prices and riskier investments that lead to the housing bubble?
Lower cost of borrowing is not correlated with financial innovation in the slightest. Witness: The Mortgage-Backed Security (MBS) was invented at a time when the Federal Funds Rate was sitting at 10%.
Financial innovation leads to riskier balance sheets. Cheaper lending may exacerbate the risk on those sheets, but only ever by the difference between the optimal and real rates, which is probably no greater than 5% in any given fiscal year.
>cheap borrowing
>leads to inflation
Jesus Christ no wonder Spain can't figure out how to dig itself out of the hole it's in.
Hunter Morales
>the central bank ruined our economy meme
the reason we have a central bank and FDIC is to prevent runs on the bank, other economic crises created by regular banks being unaccountable and uncontrollable. The FED was specifically a compromise to also make it less likely to be under complete political control and thus make it less likely to be corrupt. Not unlikely to be corrupt, just less likely.
If we get rid of the FED it'd just increase instability and volatility all else being equal.
Brody Mitchell
>look me in my eyes and tell me I'm wrong
Grayson Phillips
The banks borrow from the FED directly. And the FED prints the money,if they borrow more how is it not going to lead to inflation?
Jonathan Gray
Beady.
Hudson Collins
>No you don't
>deficits don't matter and never will (unless you were conned into joining the EU lol)
Running deficits isn't bad per se, but depending on the system you are own with your monetary policy it would create either distrust in your currency and generate inflation as you basically print out the money you need (if you have a nationalize central bank) you escape the debt attach to the new money in circulation but this newly created money does affect the economy at large and create an inflationary cycle until you have time enough to balance the deficit and destroy the excess of money in the economy.
But if you are like modern US, then you have to take on new debt to cover the deficit either by creating new money for interest or by selling bonds at interest over the years to balance your budget.
Neither are good long term strategies to a problem that will not solve itself without goverment intervention, either by stimulating young couples to marry and have children (tough considering the current status of gender politics in the west) or you import people to artificially inflate the birthrates above replenish rates (though personally I think this is even more stupid for a lot of different factors) or you basically push for an increase in pay and productivity of each worker to allow them to be taxed at a higher rate to cover up the imbalance created by the aging population (you can also raise the age of retirement and so on).
Justin Foster
why not nationalize it? not saying the government will do a good job at it but at least if they mess up we can vote against that government so they can't bail themselves out like they bailed out the banks in 08
and since the banks ain't supposed to create money, nationalizing it wouldn't stagnate the country like nationalizing a company would right?
Julian Ross
America is an special case since the money generated isn't only taking value out of the existing money of the US but rather the dollars that exist in the entire world. The creation of new money does generate inflation but in the u$s case the inflation is absorbed by the entire world since the u$s is basically the international world reserve currency.
Nolan Jackson
You like your Trillion Dollar Military Spending, you can keep your Corrupt, Over-Spending, Govt. And don't ever question the World Reserve Currency if you are a young citizens talking to an older one right.
Question: What is good stewardship of the US Currency, the Petro Dollar, the World Reserve Currency... and shouldn't this have been Addressed after the 2007 - 2016 Global Financial Collapse?
You don't want to examine the $62 Trillion Dollar Total US Debt??
The Economist Published a Trade Deficit of like $760 Billion Dollars last year.
How long till the USA must Draft Military Servicemen and Nationalize Industry to support it's expensive Habits and poor stewardship of inflation, World Reserve Currency, Health Care, and Organic Industry/Jobs/Careers?
Take your pick, Communism or Fascism or World Government with both or either? Because if you don't decide in a National way, it will be decided for you.
-
Nixon Shock was in 1971.
It's not just about Tax Rates, Inflation, expanding or contracting the money supply, Keynesian policy, Globalism, Destruction of Wealth, Economic Policies of Extraction from Households... the discussion keeps expanding.
But I appreciate you answering so quickly and that you experienced with the topic
Isaac Martin
>but depending on the system you are own with your monetary policy it would create either distrust in your currency and generate inflation
No it doesn't
Japan has a shrinking population and is spending trillions and the stardard of living is going up
nytimes.com
You don't need taxes to finances spending at all, it's a myth left over from the gold standard
anyone who worries about government deficits is stuck living in the past
Christian Collins
>the fed prints the money
Not even close senpai. And bank borrowing leads to inflation if and only if the majority of investments made by those banks end up being malinvested. Which wasn't even the case in The Big One in 2008.
Otherwise, borrowing leads to investment which leads to an increase in supply which leads to no real inflation.
Thomas Brown
>You don't want to examine the $62 Trillion Dollar Total US Debt??
none of it matters
Every dollar spent goes into the private economy stimulating demand. The government can pay for any debt by monetizing it.
how do you not get that?
Lincoln Perez
>And bank borrowing leads to inflation if
No the banks print the money
everything they do is inflationary
>malinvested
there's no such thing
that's just Austrian Voodoo economics,
Kayden Jenkins
>you realize all money spent by the US government goes into the private sector right?
Privatization sucks.
Probably I don't have time to really get into it. We live in a military republic and privatization is often just Fascism.
Austerity is a problem in Western Economies. I didn't suggest the Federal Govt crash the economy.
But there is no way we will see a Federal Govt Surplus in our life times and doubt the USA will survive much longer than that.
Luke Gutierrez
Because loans, beside consumer credit, doesn't boost demand without increasing supply, and the cost of borrowing for consumer credit besides mortgages is rather marginal and most people don't make financial decisions based off of it. Remember, inflation is a raise in price, not the supply of money.
Also, Although I would still caution this user that inflation is more than money supply, it is rising price. Printing money does create inflation assuming this money can be used to buy things by most people.
Thomas Ortiz
>there's no such thing as malinvestment
Sure there is. Any investment which fails to meet the cash flow obligations derived from the financial goods consumed to produce that investment is malinvestment. To be sure, any investment whatsoever still increases aggregate supply by some amount, but that doesn't mean all investments increase aggregate supply to justify its own existence.
Owen Rodriguez
>But there is no way we will see a Federal Govt Surplus in our life times
good
Surpluses are retarded and take money and demand out of the economy
Deficits are overall good for the economy.
Lincoln Sanders
Nice chart. Thanks.
In what world do Govt Leaders live in where $300K house is for normal working guys.
What a Scam, a Scheme. Inflation. Something the Elites love.
Gavin Davis
The danger with nationalizing is that the government would print money to pay for its expenses if it had a cash crunch. I don't think that's a big danger in the US, but its there.
Nationalizing some industries can boost the economy even if the industry itself takes losses subsidized by the government since it can bring down prices for everyone else. For example, amtrack helped break up local monopolies and lower transportation costs for consumers.
Jason Green
but ain't the FED printing money like hell already?
Julian Turner
do you realize how many companies don't make profits?
by your logic every company in the red at the end of a quarter is a "malinvestment"
Ian Foster
>Printing money does create inflation assuming this money can be used to buy things by most people.
Yeah you are right but America got away with QE only because most of the money NEVER leave the financial capital sector. And that money did create inflation, just not on the traditional good/service market but rather on the financial sector where every index is not only up from 2007 but almost 30% up from the high previous to the market crash of 2008.
People thinking that the increase in the money supply didn't generate inflation only because it never reached the consumer market of goods and services aren't looking at how the financial sector basically got fatter than ever with almost every single company growing larger and larger without actual products or goods to show for it.
Most of the inflation that the newly created loans at 0% interest rates the FED gave to the banks stay in the financial sector since most of that money never actually left that casino in the first place.
Gabriel Carter
>No the banks print the money
>everything they do is inflationary
INCREASING MONEY SUPPLY DOESN'T EQUAL INFLATION
RAISING PRICES EQUALS INFLATION
ALSO, IF THE BANKS ARE CREATING AS MUCH MONEY AS IS BEING RETIRED BY THE TREASURY IT IS NOT CREATING INFLATION
Oliver Smith
USA has $62 Trillion in Total Debt... but has a AAA Rating.
Federal Govt has over $19 Trillion in Treasuries, $6 Trillion owed to Foreigners, $12 Trillion or more owed to the Public... but has a AAA Rating.
Financial Ratings serve the Banks who want more control and power over all levels of government from the village, township, city on up.
Power, Control. Status, Titles, Money, Debt, Credit, Land... and limited Liability in a court system where the most wealth can take down most everyone else including waste the time and money of DoJ, FBI, SEC, and FDIC.
Banks have been in conspiracies forever to take down the Free USA, its currency, it's debt, it's credit... and they love an expensive war or expensive military system... it means more debt.
Anthony Jackson
>Keynesians believe that government expenditure must rise as household and business expenditure falls in order to counterbalance the effects of falling household and business consumption, and that the obverse should also be true.
In theory that's what happens, however, once people are promised free shit, any politician that attempts to remove it will be booted from office, and the debt will never be paid back.
Hence, the spiralling debt bubble that now faces the U.S.