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originally posted by: caterpillage
I dunno, does Biden play golf? Does he remember how?
originally posted by: burdman30ott6
originally posted by: caterpillage
I dunno, does Biden play golf? Does he remember how?
He does, and it's a much faster game. He plays the first hole 18 times and feels like each time is a brand new experience.
originally posted by: burdman30ott6
originally posted by: caterpillage
I dunno, does Biden play golf? Does he remember how?
He does, and it's a much faster game. He plays the first hole 18 times and feels like each time is a brand new experience.
Now behold folks, all of a sudden deficit spending will matter again
originally posted by: Ahabstar
a reply to: infolurker
Here is the thing about the Fed...let’s say all the Federal Reserve Notes came out to exactly $100. Cash in circulation is really about $2 Trillion but no one knows for sure. But to deal with easy numbers let’s just say $100. You have your $100 and you owe interest on it for borrowing it and placing it into circulation. Let’s say $5 interest. How are you going to pay me $105 when there is only $100 in all of existence? I mean, I can spot you another $20 but I’m gonna need $5 interest on that since you can’t pay in a timely fashion.
So you now owe $130 and only $120 exists. Kinda like the Pay Day Loan scams or Title Loans scams or well traditional loan scams because you either understand compound interest or you pay it.
originally posted by: Ahabstar
a reply to: infolurker
Here is the thing about the Fed...let’s say all the Federal Reserve Notes came out to exactly $100. Cash in circulation is really about $2 Trillion but no one knows for sure. But to deal with easy numbers let’s just say $100. You have your $100 and you owe interest on it for borrowing it and placing it into circulation. Let’s say $5 interest. How are you going to pay me $105 when there is only $100 in all of existence? I mean, I can spot you another $20 but I’m gonna need $5 interest on that since you can’t pay in a timely fashion.
So you now owe $130 and only $120 exists. Kinda like the Pay Day Loan scams or Title Loans scams or well traditional loan scams because you either understand compound interest or you pay it.
originally posted by: Ahabstar
a reply to: Lumenari
If Trump wins these SCOTUS cases and is still the POTUS, will Biden pay back the $6.3 million he has demanded from the GSA for the transition team?
I think some clubs and kneecaps...just to send a little message about timely payments might be in order...not saying, just saying.
The Supreme Court will NOT declare Trump the winner and give him 4 more years. Anyone who believes that will happen is living in a fantasy.
originally posted by: jrod
a reply to: Ahabstar
The Supreme Court will NOT declare Trump the winner and give him 4 more years.
Anyone who believes that will happen is living in a fantasy.
originally posted by: infolurker
originally posted by: Ahabstar
a reply to: infolurker
Here is the thing about the Fed...let’s say all the Federal Reserve Notes came out to exactly $100. Cash in circulation is really about $2 Trillion but no one knows for sure. But to deal with easy numbers let’s just say $100. You have your $100 and you owe interest on it for borrowing it and placing it into circulation. Let’s say $5 interest. How are you going to pay me $105 when there is only $100 in all of existence? I mean, I can spot you another $20 but I’m gonna need $5 interest on that since you can’t pay in a timely fashion.
So you now owe $130 and only $120 exists. Kinda like the Pay Day Loan scams or Title Loans scams or well traditional loan scams because you either understand compound interest or you pay it.
Interest on what?
Besides some foreign investment in bonds, most of the debt is simply Federal Reserve Inflation. How do you own interest on something they don't have to loan?
We owe them nothing. They simply inflate the currency by magically typing numbers into an account.
originally posted by: jrod
The Supreme Court will NOT declare Trump the winner and give him 4 more years. Anyone who believes that will happen is living in a fantasy.