InTheCloset 21,886 Posted October 31, 2023 Share Posted October 31, 2023 Why? To fund Israel? #RaidTheCloset Link to post Share on other sites More sharing options...
Economy 53,076 Posted October 31, 2023 Author Share Posted October 31, 2023 2 hours ago, InTheCloset said: Why? To fund Israel? Regular business as usual spending Link to post Share on other sites More sharing options...
InTheCloset 21,886 Posted October 31, 2023 Share Posted October 31, 2023 Just now, Economy said: Regular business as usual spending Usual spending being the money provided to Israel. #RaidTheCloset Link to post Share on other sites More sharing options...
Shadow 6,707 Posted October 31, 2023 Share Posted October 31, 2023 Back in 1971, the US dollar was no longer backed by gold thanks to President Nixon. Look up the Bretton Woods international financial exchange system and why it was important after WW2 and how free floating fiat currencies became dominant. They just borrow and print money... Is it any wonder why life got expensive in areas like housing and college tuition? The rich can afford to keep up with the inflation while the middle and lower classes get squeezed. Stand in the light, cast your shadow. Link to post Share on other sites More sharing options...
Economy 53,076 Posted October 31, 2023 Author Share Posted October 31, 2023 3 hours ago, Shadow said: Back in 1971, the US dollar was no longer backed by gold thanks to President Nixon. Look up the Bretton Woods international financial exchange system and why it was important after WW2 and how free floating fiat currencies became dominant. They just borrow and print money... Is it any wonder why life got expensive in areas like housing and college tuition? The rich can afford to keep up with the inflation while the middle and lower classes get squeezed. Yeah im very familiar with the dropping of the Gold Standard and the increased influence Central Banks gained after that around the world (most other Countries also had some version of a gold standard, Switzerland was the last Country to fully drop it) It has some advantages. But if not managed very carefully and responsibly can also be handled in a way to promote unsustainable spending, bubbles and other distortions that currency backed by gold (or another valuable finite comodity) did not allow... Fiat currencies can be good if handled properly and responsibly as it offers more flexibility... but since when do Governments ever do things responsibly thinking about the good of everyday ppl for the long term instead of short term political gain? Link to post Share on other sites More sharing options...
Roughhouse Dandy 13,854 Posted November 1, 2023 Share Posted November 1, 2023 13 hours ago, Economy said: U want inflation go go even higher? Inflation is fake. This is my Hannah Montana™️ lipgloss. Link to post Share on other sites More sharing options...
Economy 53,076 Posted November 1, 2023 Author Share Posted November 1, 2023 10 hours ago, Roughhouse Dandy said: Inflation is fake. Ill tell myself that next time i go grocery shopping. Might make me feel better Link to post Share on other sites More sharing options...
Roughhouse Dandy 13,854 Posted November 1, 2023 Share Posted November 1, 2023 3 hours ago, Economy said: Ill tell myself that next time i go grocery shopping. Might make me feel better Good! I hope so 💖 This is my Hannah Montana™️ lipgloss. Link to post Share on other sites More sharing options...
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