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RE: My Response To @cryptoeagle And The New Paradigm That We Are Entering

in #steem • 8 years ago

I'm not an economist, so I can't tell you the effects of printing $21 billion. But I can tell you that this isn't the first time I've heard the idea considered. It would cause massive inflation and hurt people who already have money. One of the things I've heard is that the government could print enough money to pay the debt, plus enough to give each person $30,000. It wouldn't be worth as much because of inflation, but it would be something. And it could stimulate the economy to get rolling. A lot of wealthier people would be upset because the inflation would lower the amount they're worth. I doubt it would ever happen though.

8 years ago in #steem by
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     8 years ago 

    Maybe we could just elect @AdamKokesh not-POTUS.

    • His plan is to issue an executive order to simply dismantle the Federal Government.
      • Shut it down... 😎

    The only people who would be hurt by printing Constitutional money, would be those holding FRNs.

    • That's mainly 2 groups of people I don't give 2 hoots about.
      • Thugs like drug lords sitting on their cache of "cash."
      • Thugs like banksters sitting on their cache of "cash."
        • Something would have to be done to allow the minnows to recoup "money" held in a bank...

    Current US population = 326,055,074
    x 30k as you suggest
    = about 10 trillion.
    That would mean we the people would hold half the value we just gave to the banksters.

    • I don't think that's enough.
      • Let's print an additional 21 * 9 = 189 trillion.
        • That way, We the People control 90% of the "wealth"
          leaving the banksters 10%...
    • Meaning each citizen would receive about $580 US Constitutional Dollars.
      • I don't think this would cause inflation.
        It would seem like inflation, since we are talking much larger numbers,
        but in actuality it wouldn't be...
        • We're simply exchanging one currency for another
          and in the process removing control of the banksters from 90% to 10%...
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