Andrew | Designer of Everything

@ShadowofEzra He went there to watch? Interesting.

The possible next Prime Minister of Israel, Naftali Bennett, says the U.S. could face another 9/11-style terroist attack unless Americans understand why they must fight wars Israel demands. He says terrorists could even nuke the United States of America without Israel being an ally. “I was in Manhattan when it happened. I saw those buildings on fire.” “That’s what happens when you say the Middle East isn’t our problem.”

@cryptoderrp @dragonsayspuff @NoLimitGains same

@designerofevery @dragonsayspuff @NoLimitGains it might very well be the best option to rip off the bandaid i certainly do not know what the least painful option is but i really don't care i just want central banking and the ability to print money gone.

Hmm, how exactly are they planning to pay off $39 trillion in debt?

@cryptoderrp @dragonsayspuff @NoLimitGains But it's interesting to think about, everybody says defaulting would be unspeakable calamity, not realizing we are getting there anyways.

@designerofevery @dragonsayspuff @NoLimitGains lol so we all argued over nothing then, we are definitely screwed no matter what at this point, but a sudden default would be a violent ugly end to it for sure.

@cryptoderrp @dragonsayspuff @NoLimitGains Well, you are right, while discussing this topic with you guys I realized "fine" is not the best word. I should have said "and it wouldn't make a difference". We are so screwed.

@designerofevery @dragonsayspuff @NoLimitGains Your initial statement that got us replying to you was that they could default and everything would be fine and now you are completely contradicting that, everything would not be "fine" in a currency collapse.

@dragonsayspuff @cryptoderrp @NoLimitGains The hyperinflation and dollar becoming worthless will happen anyways as printing and debt creation accelerates to infinity. Is there some knowledge beyond what a 6yo would know to suggest debt/printing will slow down?

@designerofevery @cryptoderrp @NoLimitGains You didn't read or understand my reply, did you? That would case hyper inflation and the usd to become worthless. If it was that easy they would have done it already. You're thinking like a 6yo.

@DannyFontana_8 @NoLimitGains Yeah, for about last 50 years.

@designerofevery @NoLimitGains Economics went on vacation

@dempsey_andrew @1031ent @NoLimitGains Tiny percentage of all bonds, just replace with direct gov transfers to pensioners. Bonds provide zero value here.

@designerofevery @1031ent @NoLimitGains Trillions in retirement funds would go to zero overnight.

@dragonsayspuff @cryptoderrp @NoLimitGains With the same money bonds are being bought: fresh off a printer. Inflation is already wiping all savings.

@designerofevery @cryptoderrp @NoLimitGains With what money? And only about 60% of US adults hold bonds, so there's that. You'd wipe all all savings, all pensions. Hyper inflation. Loss of reserve currency status. No country on earth would still accept dollars. Brilliant idea.

@cbend88 @NoLimitGains For individuals: print and pay off. It's a tiny percentage of all bonds.

@designerofevery @NoLimitGains so all the people with Treasury bonds just lose all their money?

@KeithSpill66619 @MattDallys @NoLimitGains Thus causing the government to only spend what it "earns"?

@MattDallys @designerofevery @NoLimitGains As a current lender to the US government i would absolutely never lend them a penny again

@KeithSpill66619 @tingxiao7 @MattDallys @NoLimitGains Oh my God, stop selling it to me, I'm already buying.

@tingxiao7 @designerofevery @MattDallys @NoLimitGains That would be honest way to do it. Every business and bank in the US would fail as well as every single government program. But I may need to happen

@2BR_0_2B @NoLimitGains You sink the ship and the vampire that is sucking life energy out of everything and get to rebuilding. Or just slowly decay for generations. I know what I would prefer and I know what a vampire would prefer.

@designerofevery @NoLimitGains That’s actually true. Except the repercussions are judt as bad as letting it run wild forever or worse. If what we are currently doing is keeping a sinking ship afloat as long as possible then cancelling the debt is the same as blowing a big hole on the hull.

@KeithSpill66619 @NoLimitGains So, basically the same as staying the current course? More debt requires more printing, impoverishing average person. This trend only keeps accelerating. Next decades are not looking good.

@designerofevery @NoLimitGains defaulting would pretty much destroy the United States for decades

@KeithSpill66619 @1031ent @NoLimitGains You own some of it, so that makes FR not the primary holder?

@designerofevery @1031ent @NoLimitGains Yes, I own some of it

@R5161305381985R @NoLimitGains Exactly, take one time inflation hit, but at least bond holders (that got the bonds by printing money anyways) don't get a slice of GDP anymore -> economy becomes much more productive.

@designerofevery @NoLimitGains Print and pay it off

@dragonsayspuff @cryptoderrp @NoLimitGains Tiny percent of us private citizens hold bonds directly. They could be paid off in one shot easily.

@designerofevery @cryptoderrp @NoLimitGains Who have shareholders who are, again, people.

@1031ent @NoLimitGains Is it?

@designerofevery @NoLimitGains The primary holder of US Debt is American Citizens. FYI.

@TimmyMcCarthy @11251Anon @NoLimitGains In that case how can banks exist in countries with no gov debt?

@designerofevery @11251Anon @NoLimitGains Debt is money, banks would instantly fail

@cryptoderrp @NoLimitGains >"people" Most of it is held in institutions bough with borrowed money.

@designerofevery @NoLimitGains There are people on the other side of these debts you muppet.

@PChronocide @rathat99 @NoLimitGains How about only spending what you collect in taxes? Has it ever been tried?

@designerofevery @rathat99 @NoLimitGains Money has to come from somewhere. Currently it comes from borrowing. You have not proposed any alternative.