White House threatens economic catastrophe without action on debt limit

"a $ 28.5 trillion increase in federal borrowing limits."

I just spit my pirate rum out I laughed so hard. What a sick planet!

We should borrow a quadrillion dollars.

Output is what is needed, GDP must be within reason to the debt...If they wanted my help, I'd forbid borrowing money and redo the budget like a business or home...

Last Edited by BRIEF on 09/17/2021 08:50 PM

Hyperinflation - Germany 1923

[link to www.youtube.com (secure)]

Value of $1 from 1900 to 2021
$1 in 1900 is equivalent in purchasing power to about $32.57 today, an increase of $31.57 over 121 years. The dollar had an average inflation rate of 2.92% per year between 1900 and today, producing a cumulative price increase of 3,156.75%.

That's a general fact sheet about the Biden Administration, I believe

Germany had to pay war reparations for losing...Reich means "try" in English...

Last Edited by BRIEF on 09/17/2021 09:21 PM

just what we need another bunch that will end up gettin a better apartment than meplus a govment salary

Reich (n.)
German, "kingdom, realm, state," from Old High German rihhi "realm," from Proto-Germanic *rikja "rule" (source also of Old Norse riki, Danish rige, Old Frisian and Middle Dutch rike, Dutch rijk, Old English rice, Gothic reiki), from PIE root *reg- "move in a straight line," with derivatives meaning "to direct in a straight line," thus "to lead, rule." Don Ringe, "From Proto-Indo-European to Proto-Germanic" [Oxford 2006] identifies it as a Celtic loan-word in Germanic rather than a direct evolution from PIE, based on the vowel. Used in English from 1871-1945 to refer to "the German state, Germany." Most notoriously in Third Reich (see third); there never was a First or Second in English usage.

LOL Someone is slow...that's ok, just think about it and you'll get it...

...and what's your point?

We took over the job they though they had. Trying to dominate the world. How'd that work out for them? For you?

You missed this tidbit genius, this is what happens when you go off of a GOLD STANDARD. What FIAT CURRENCY has survived the test of time?


Value of $1 from 1900 to 2021
$1 in 1900 is equivalent in purchasing power to about $32.57 today, an increase of $31.57 over 121 years. The dollar had an average inflation rate of 2.92% per year between 1900 and today, producing a cumulative price increase of 3,156.75%.

Make sure Mad Max is on your list.

Gold is not plentiful enough for a large population...The only criteria for a currency needed is to be not easily counterfeited...Manufactured scarcity is just dumb...