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195
"If government prints the money, why does it even have to borrow?" - Must Watch clip of Biden's chief economist demonstrating what happens when the Emperor realises he has no clothes on. (twitter.com) 🧠 These people are stupid!
posted 2 years ago by bubble_bursts 2 years ago by bubble_bursts +195 / -0
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▲ 31 ▼
– Drakeford 31 points 2 years ago +31 / -0

The amount of cognitive dissonance there was staggering.

How can you print the money and at the same time go into debt.... obviously because the government is not doing the printing... they are only doing the borrowing... Someone else is doing the printing...

We are doomed because people are too stupid to put simple fact together like this.

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– Cpleb 15 points 2 years ago +15 / -0

It’s not supposed to make sense bc it’s a scam. But he is obviously too far removed from the origins of the scam to be able to articulate the euphemistic version of the scam to laypeople

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– Moosemeadow 6 points 2 years ago +6 / -0

Jared Bernstein has a free pass He is of Jewish descent.[12] https://en.wikipedia.org/wiki/Jared_Bernstein

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– MAGA_100X 7 points 2 years ago +7 / -0

But it's called "FEDERAL" and "RESERVE" !!!!1

/s

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– Latin_Patriot_MAGA 7 points 2 years ago +7 / -0

That money printer has never belonged to the country, others control the flow of money and its value, there are many "noses" involved in this economic destruction.

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– PompeiusMagnus 1 point 2 years ago +1 / -0

I see what you did there…

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– AmateurExpert 3 points 2 years ago +3 / -0

Drakeford +17 The amount of cognitive dissonance there was staggering. How can you print the money and at the same time go into debt.... obviously because the government is not doing the printing... they are only doing the borrowing... Someone else is doing the printing... We are doomed because people are too stupid to put simple fact together like this.

Correction.

We will be saved because these people are too stupid to put simple facts like this together.

They’re too stupid to win. We just need to act.

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– deleted 21 points 2 years ago +21 / -0
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– bubble_bursts [S] 15 points 2 years ago +15 / -0

And he ends it with "so yeah it makes sense" after rambling for all that time.

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– deleted 14 points 2 years ago +14 / -0
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– deleted 9 points 2 years ago +9 / -0
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– deleted 7 points 2 years ago +7 / -0
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– NanaQ45 11 points 2 years ago +11 / -0

Holy fvck, he sounds like Traitor Joe. My God! These people really are stupid. Wow.

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– ozthentic 11 points 2 years ago +11 / -0

In THEIR mind it is THEIR money taken from us in SO MANY WAYS. They think they are ENTITLED to it. This THEFT has bee perpetuated for SO LONG now that for THEM it is as natural as breathing air. Now how do you explain that. THEY use Bonds and Derivatives and never ending tools to confuse us.

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▲ 10 ▼
– bubble_bursts [S] 10 points 2 years ago +10 / -0

They know its really our money and eventually its owed back to us one way or another. Thats when they unleash wars to kill off the creditors.

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▲ 8 ▼
– ozthentic 8 points 2 years ago +8 / -0

I raise chickens and I feel entitled to their eggs. I think the ELITE see us the same way. NOT excusing it BUT they take Narcissism to next level.

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▲ 10 ▼
– Pbman2 10 points 2 years ago +10 / -0

He probably thinks the federal reserve is federal.

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– Donny_Fiasco 1 point 2 years ago +1 / -0

And they keep a gold reserve to back the cash!

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– OGpat 9 points 2 years ago +9 / -0

What a dumbass.

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– GeorgeMcPottyMouth 9 points 2 years ago +9 / -0

OMG,the Treasury prints the money for the NOTHING FEDERAL ABOUT THE FEDERAL RESERVE CENTRAL BANKING CARTEL's you fucking IDIOT.

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▲ 7 ▼
– tool 7 points 2 years ago +7 / -0

"Is that what they do?" "I don't get it." Kek. These people are stupid, no?

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– MileHiLife 7 points 2 years ago +7 / -0

Bernstein

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– The_Watcher 7 points 2 years ago +7 / -0

The follow up question is who are we borrowing from? Who is the secret multi-trillionaire with a cupboard full of cash?

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– BooniesRedneck 4 points 2 years ago +4 / -0

We the people

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– deleted 6 points 2 years ago +6 / -0
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– inspoken 5 points 2 years ago +5 / -0

concept salad at it's finest.

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– FuckNewsom 4 points 2 years ago +4 / -0

Was that Cabala Harris in disguise?

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– inspoken 2 points 2 years ago +2 / -0

Well, this guy actually could put words together into a grammatically correct sentence, he's just not capable of making the next sentence have any logical sequence of the previous one. lol

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– LilyBee24 5 points 2 years ago +5 / -0

But did they cut like a second out or something. Where his hand jumps?

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– EDC1745 4 points 2 years ago +4 / -0

my comment is not directed towards OP, just generally using "you, you're", etc.

our government doesn't print the fiat. it takes out "IOUs" basically with the PRIVATE "federal" reserve.

the PRIVATE "federal" reserve then adds interest to every piece of fiat printed, so its impossible to pay back.

hint whoever owns the printer, owns you if you agree to pay them

every tax "return" is done the same way. so you think you're getting something back? WRONG. you're putting yourself & your neighbor into more debt slavery, because more fiat is printed, resulting in more debt, so people can get their measly "return". now they will owe [them] even more, great....

think you're providing the country with resources when you pay income taxes? WRONG AGAIN. when people pay income tax, all your hard-earned "money" ONLY goes BACK to the PRIVATE "federal" reserve, to pay on the "IOU" for the printed fiat's debt.

it doesn't go to healthcare, infrastructure, social security, emergency personnel, teachers, , etc.

i don't know what else people think their income tax goes to, but it ONLY goes to ONE THING... to pay back a fictional debt on an IOU for printed FIAT to the PRIVATE "federal" reserve.

the "federal" reserve is NOT federal. its PRIVATE.

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– FuckNewsom 4 points 2 years ago +4 / -0

Babylon Bee or real life? It’s getting difficult to distinguish the difference anymore.

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– MAG768720 4 points 2 years ago +4 / -0

LOL. This fool is an "economic advisor," and has NO CLUE.

The government does NOT print the money (sure, the US Mint literally prints up the currency, but "money printing" is about the bookkeeping entries, not the paper currency or plastic coins used in circulation -- much less the digital garbage they want to push on everyone).

The Federal Reserve is a PRIVATE CORPORATION, and they "print the money" by creating it from NOTHING.

They then LOAN the money to the federal government. The government only borrows; it does not create.

BIG DIFFERENCE!

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– chicagotrauma 4 points 2 years ago +4 / -0

Lock them up in the Federal reserve

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– kish-kumen 4 points 2 years ago +4 / -0

Isn't this the definition of "money printer go brrrrr"?

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– Greatheart 3 points 2 years ago +3 / -0

If government prints the money, why does it even have to tax? That's why income tax to pay off the Federal Reserve is a scam.

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– 13ColoniesPatriot 3 points 2 years ago +3 / -0

Typical finance moron that never worked a day in the finance trenches. Like many people that have a title in finance they didnt earn it they were gifted it.

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– jasqid 3 points 2 years ago +3 / -0

The government doesn't print money. The central bank does. What was it the Amstel Ra'sShield (Rothchild) say, "give me control of a country's treasury and I'll control the country." Something to that affect. My mind is swiss mandella effect right now.

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– BIGRED1993 3 points 2 years ago +3 / -0

I feel dumner now…

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– nobscraig 2 points 2 years ago +2 / -0

But does it make sense?

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– Cyberhawk 2 points 2 years ago +2 / -0

This reminds my of Will Smith’s character from MIB, the alien autopsy scene.

“What I was pointing out was the fact that are no….umm… pieces, of him left…so they are intact, you know….wherever they are whole, somewhere…that we can be sure of.”

LoL, just clearly doesn’t have a clue on what the heck is going on.

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– freesid 2 points 2 years ago +2 / -0

Government borrows so that it can give Rothschilds a cut in the form of interest.

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– deleted 8 points 2 years ago +8 / -0
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– AmateurExpert 2 points 2 years ago +2 / -0

u/#kek

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– deleted 2 points 2 years ago +2 / -0
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– NadlersPants 4 points 2 years ago +4 / -0

It’s not even about particular people becoming rich (while that does happen) it’s more about controlling the economy. More so about keeping people down, preventing them from gaining wealth (and therefor power).

By printing and allocating the money, the government can pick and choose the course of technological development, can pick and choose which industries thrive and which fall, can pick and choose when wealth can be generated and when it must be destroyed.

If, on the other hand, money supply was scarce, the government would not have as much say in that. Industries would develop based on the overall will of the population.

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– deleted 2 points 2 years ago +2 / -0
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– deleted 1 point 2 years ago +1 / -0
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– deleted 1 point 2 years ago +1 / -0

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