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CaptainTrouble on scored.co
28 days ago1 point(+0/-0/+1Score on mirror)1 child
This sounds more like a debt crisis not a "currency" crisis. It's definitely a pressing concern for the US Government though.
There's a lot of options for the government though to ensure this problem never becomes too large:
- Simple lowering spending or raising taxes to reduce the need for debt would lower interest rates by reducing the government's demand for lending.
- Reducing capital gains and dividend taxes would reduce interest rates. So too would a foreign capital outlay levy (raise taxes and lower interest rates).
One way or another at some point in the future we're going to have to take a serious look at spending. The government is just kicking the can down the road but when the "debt crisis" happens, that'll be the time when we do. There's tons of deadweight that can be cut if needed so I doubt any true crisis will ever occur.
Thank you for making the distinction. They do seem to go hand in hand. A debt crisis should become a currency crisis. But today people are under so many devil magick spells that maybe they believe the illusion of the fiat jew dollar as long as they live.
Government raising taxes or reducing Debt = Hahhaha good luck with that. When Ron Paul becomes president?
I'm not sure i quite follow how reducing capital gains and dividend taxes effects the debt load of the USA government or the bond rates.
The easiest thing for the government to do, and pretty much their only option, is hyper inflate their way out of debt like they did during the 1970s after disconnecting from gold standard entirely. That means 10% inflation per year for a decade even if the government lies to you and manipulates the CPI for appearance (putting lots of makeup on an ugly woman).
There's a lot of options for the government though to ensure this problem never becomes too large:
- Simple lowering spending or raising taxes to reduce the need for debt would lower interest rates by reducing the government's demand for lending.
- Reducing capital gains and dividend taxes would reduce interest rates. So too would a foreign capital outlay levy (raise taxes and lower interest rates).
One way or another at some point in the future we're going to have to take a serious look at spending. The government is just kicking the can down the road but when the "debt crisis" happens, that'll be the time when we do. There's tons of deadweight that can be cut if needed so I doubt any true crisis will ever occur.
Government raising taxes or reducing Debt = Hahhaha good luck with that. When Ron Paul becomes president?
I'm not sure i quite follow how reducing capital gains and dividend taxes effects the debt load of the USA government or the bond rates.
The easiest thing for the government to do, and pretty much their only option, is hyper inflate their way out of debt like they did during the 1970s after disconnecting from gold standard entirely. That means 10% inflation per year for a decade even if the government lies to you and manipulates the CPI for appearance (putting lots of makeup on an ugly woman).