We should be anticipating our prospect of receiving our $5000 dodge check which will be real revenue (not just printed currency) we can spend without inflating the rest of our currency.
https://www.northjersey.com/story/n...25-stimulus-refund-check-meaning/79290330007/
And if enough of us have confidence this money is not just printed we might actually spend it (versus investing in bitcoin) on US manufactured products that may actually help our own GNP and standard of living to rise.
I'm curious where
@RVonse came up with his "real revenue" meme. Did he pick this up at OAN or Truth Social? Or is this his own original meme derived from RVonse's expertise in monetary theory?
I'll guess that what RVonse means by "real" money "not just printed" is that the $5000 is savings from laying off medical researchers
*, FDA inspectors, DoEnergy and DoEducation employees, etc. rather than filthy "fake" money gained by taxing the rich....
@RVonse -- I am still interested in understanding the distinction between "real" money and "fake" money. This does not appear to be a term in any of the Chicago, Alabama or neo-Marxist schools of economics. Do you have a pre-print explaining the concept?
Meanwhile can you explicate with examples? Did the Biden stimulus provide real money or fake money? One certainty is that the Federal debt will balloon to record-setting levels by the end of 2025; will the money owed be real or fake?
Here is a Rachel Maddow video explaining that most of the savings claimed by Musk's DOGE was definitely fake.. Do watch this video please! I'm sure you doubt that a lesbian libtard has anything to teach you, but you are wrong about that. And this material will be on the test.
I'm actually glad you are pointing out the other side that I do not normally see.
So DID you actually watch that YouTube? Yes or no.
None of us can get anywhere unless there is agreement about what is real and what were just mistakes. But if anyone can learn quickly from past mistakes I believe Musk has the intelligence though.
As for my definition of fake money. Fake money is counterfeit currency made in exact imitation of something valuable or important with the intention to deceive or defraud.
Yeah, we knew what you meant with your inane concept of "fake money." The rhetoric question was to prod you into coming to your senses. Instead you double down. "counterfeit ... to deceit or defraud." Wow.
Let me try to hammer the obvious into your head. U.S. money is completely FUNGIBLE. Nobody inspects the date on your Benjamin to guess whether it is "real" Trump money or "fake" Biden money. I'll guess that you already know this much.
Financial actions can increase or contract the money supply. At the end of the day, one need simply look at some financial numbers to measure the money supply. You know very little about that (please bump one of the existing threads if you have sincere interest in learning) but for your purpose here the Totals of U.S. Debt are enough to get you started. ... So ...
A year or two from now do you think the federal debt will have grown or shrunk? Spoiler alert: Trump plans to restore a big tax cut -- the Debt WILL grow. Federal money is spent on TRANSFERS: Transfers to SocSec recipients, Transfers to hungry school-children, Transfers (interest payments) to holders of U.S. debt. The "savings" from mass lay-offs pale before these transfers, and before the tax-cuts (and the alleged "$5K per household") that Trump will inflict. Get it? Same-same.
Yet you insist on calling Biden's stimulus "counterfeit money", and Trump's vote-buying "real money."
Spend a couple of minutes trying to think rationally and learn what a fool you sound like.
*
And that is what our fed does during "monetary easing". The rest of us have to work or produce goods
... or services. FDA and USDA inspectors perform useful services but they've been laid off. Instead Trump proposes $5000 per household for doing nothing. Capische?
In other words, the truth about laying off useful employees to enrich Trump's friends and bribe voters is exactly the OPPOSITE of what you claim.
to earn the same paper money the fed simply prints. Only the fed gets to do this without going to jail and the fed isn't even technically our government.
This is so confused! For starters, private banks create money. If "the fed isn't even technically our government" it's because its books operate like those of a private bank.
Start (or bump) another thread if you need to understand Quantitative Easing better; but for now just know that one of the strongest initial advocates of QE was the right-wing economist Milton Friedman.
Since our treasury borrows more than we can pay back, the fed pretty much has to keep printing money simply to remain solvent at this point. It is also why the fed has said we will never see inflation less than 2% ever again. But that 2% is an inflation tax on the middle class in addition to the rest of our taxes we pay.
But money saved by DOGE is REAL money. Its real because no one had to print more currency in circulation. Those saved dollars were already existing dollars and can be transferred from the fraud and waste account to something more useful (such as a $5000 check) account. If you transfer $5000 from a fired employee salary to refund taxpayers, that will NOT cause inflation. Or at least no more inflation than the fed has already caused.
As I said, money is FUNGIBLE. The Debt will grow or shrink. Let us know what you guess the debt will be in January 2026. 2027? 2028?
* - Above I mentioned that your views on economics and money creation were foolish and incompetent. I use strong language hoping it wakes you up. It is not difficult to learn the basics.
In fact we should ADMIRE you. Recently I posted an informative opinion about MAGA supporters. It addressed the mystery:
WHY do MAGA fans swallow so much obvious bullshit? Answer: They KNOW it's bullshit. But remembering interactions from 5th grade when their bully out-ranted a different bully, they are happy to see their leader bullshit! It is futile to argue with this ilk of MAGA fans; when the lies they've swallowed are pointed out, they just laugh and taunt the rational thinker by pretending that they don't know that the lies are lies.
But YOU do seem to believe many of the lies of Trumpism. Although disappointing, and unfortunate for you, it suggests there may be hope for you. Ask the right questions and challenge your own thinking.
For starters, consider $X that Biden spent on programs to feed hungry children, and the same $X that Trump will spend on tax cuts for the rich. Do you REALLY think that the different distributions of that $X makes Biden's money counterfeit" and Trump's money "real"?
