Budget Tips for College Students from Mint.com Founder Aaron Patzer
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Thumbs up if your studying for MGM101! :)
1CommonView 9 months ago 2
So you might say, "Ain't Gonna happen!" Bonds power money! Gold Hedge against Bond demand driving inflation.
Ever notice that under IKE, JFK, LBJ, and Nix, debt-toGDP was lowering because TAX Revenues and intrest rates outpacing Aggregate BOND sales?
No one seems to notice that...
So under Reagan, BOND sales jumped! While it fueled more money...the more money out there got weakened
must finish thought later. see this crazy video Hot for words got strip searched.
KaptBlasto 2 years ago
Recently you posted a video visulaizing One trillion dollars in real-world terms,
National Debt (not counting total obligations agreed to) is $12 Trillion.
We're fueling it. How? Every time You and I desire a GUARANTEED DOUBLING of our money, PLUS YIELD, where do we go?
Answer: to Uncle Sam to Buy BONDS!
Why? We want SAFETY!!!!
Capitalism has RISK, involved.....
Socialism tries eliminating RISK, but end result...ALWAYS a hollow victory.
So...STOP SELLING BONDS.
check me out.
KaptBlasto 2 years ago