Why we need to Debunk Government Deficits...'Myth'...

[TOM4CWB]

Governments can not go bankrupt....BBC says so..... it must be ; 'True'

https://www.bbc.com/reel/video/p08jbbry/why-we-need-to-debunk-the-deficit-myth-?

No wonder PM Justin said ; ....'The Budget will balance itself'.... The world Economic Forum.... said so. STOP... END OF STORY... GOOD LUCK FIGHTING THAT OFF IN THE NEXT CANADIAN ELECTION.... THE LIBERALS CANT LOSE....

[TOM4CWB]

Governments can not go bankrupt....BBC says so..... it must be ; 'True'

https://www.bbc.com/reel/video/p08jbbry/why-we-need-to-debunk-the-deficit-myth-?

No wonder PM Justin said ; ....'The Budget will balance itself'.... The world Economic Forum.... said so. STOP... END OF STORY... GOOD LUCK FIGHTING THAT OFF IN THE NEXT CANADIAN ELECTION.... THE LIBERALS CANT LOSE....

BBC.... 'Government spending is currently growing at an unprecedented rate to deal with the effects of the global pandemic. Many people worry that this could burden future generations with a crippling debt to repay.

However, economist Stephanie Kelton, author of The Deficit Myth, argues that we need to rethink our attitudes towards government spending. Could the principles of Modern Monetary Theory help us not only navigate our way out of this crisis but also to build a fairer economy?

Animation by Jacqueline Nixon'

IMHO... SINCE TRUMP STUCK HIS FINGER IN THE 'EYE' OT THE DAVOS 2020 WORLD ECONOMIC FORUM... BIDEN IS PLAYING 'FAIR' WITH THE 'NEW GREEN DEAL'.... HOW CAN YOU BEAT THAT? ...SOROS... AND BILL GATES WILL WIN... WONT THEY?

[macdon02]

[Hamloc]

BBC.... 'Government spending is currently growing at an unprecedented rate to deal with the effects of the global pandemic. Many people worry that this could burden future generations with a crippling debt to repay.

However, economist Stephanie Kelton, author of The Deficit Myth, argues that we need to rethink our attitudes towards government spending. Could the principles of Modern Monetary Theory help us not only navigate our way out of this crisis but also to build a fairer economy?

Animation by Jacqueline Nixon'

IMHO... SINCE TRUMP STUCK HIS FINGER IN THE 'EYE' OT THE DAVOS 2020 WORLD ECONOMIC FORUM... BIDEN IS PLAYING 'FAIR' WITH THE 'NEW GREEN DEAL'.... HOW CAN YOU BEAT THAT? ...SOROS... AND BILL GATES WILL WIN... WONT THEY?

I think that this concept of a fairer economy is simply a code word for socialism. I think governments will use the need to restart their economies that they have devastated with mandated shutdowns as an excuse for much greater government interference and much higher levels of taxation. One leg of Modern Monetary Theory is that government can issue it’s own currency at will and then use the taxation system relative to this spending to manage inflation. Basically if I understand it correctly supporters of this theory believe there is no need for government austerity no matter how large the deficit, blank cheque so to speak. Not really sure how this is any different than communism except that the government doesn’t own everything just a varying percentage of everything!

[furrowtickler]

All part of the UN plan ...... and now the Great Reset ..

Well except for those elite globalists , they will not be giving up SFA , not land , not money , not their freedoms..... nothing .
That’s where the other 99% comes in , they will redistribute our wealth , land and freedoms amongst everyone else .
It’s coming , just look at the ongoing protests in the US like Portland , Seattle and Chicago . The fuse was lit and it is now exploding

[TASFarms]

Soros at 87 years old shouldn’t last too much longer.

[Austrian Economics]

Modern Monetary Theory: I produce 100 tons of concrete and loan it to the government to be consumed. They repay me by printing 101 tons of concrete a year later.

There's nothing modern about this lunacy. These theorists regard savings as unnecessary. Hence they propose that an economy can grow by consuming all the seed corn.

Not much different than a rancher who butchers a perfectly good breeding bull in the belief that his herd can expand without it.

[blackpowder]

It won't take long and our tax rates will mimic the highest in Europe.

[furrowtickler]

It won't take long and our tax rates will mimic the highest in Europe.

Unfortunately 2 years
Then we will all become the surfs our forefathers left Europe because of 100 Plus years ago