Why Are We In Debt If The Gov Can Just Print Money?
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- Опубликовано: 31 авг 2022
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Why Are We In Debt If The Gov Can Just Print Money? @TheRichDadChannel
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Germany in 1929: PRINT MORE MONEY
Zimbabwe: That's a great idea, we can solve all of our problems with free money.
Venezuela: I'm getting in on this free money shite.
USA: We're only going to print a little bit of money, just until the debt goes away.
German Hyperinflation was in 1923 (between 1921 and 1923, whith '23 being the year with the worst)
en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
German depression was in 1927 - 1930 and was a typical stock market bubble.
What happened in 1929???
@@peteplayz-norskgaming5723 after world war 1 the allies (I think that was the name in ww1 and ww2 of the "good guys") were making Germany pay reparations for all the chaos and stuff that was destroyed during ww1. Because of this the economy went down hill fast and I did a paper in school about how I feel the major downfall of the German economy caused Hitler to gain so much popularity and power at the start. People were literally using money as kindling for fire because it was so worthless, a news paper cost millions. So every one was broke the country went broke and Hitler said he would help and started fighting back in a way to portray he was trying and save the german country and that caused him to gain his power. Then the countries of the world were letting hitler do whatever he wanted because they were essentially scared of what he would do if they didnt listen to him. Ultimately he got even more powerful and actually staged an invasion on Germany with his troops saying it was poland and thus the war truly began.
@@joshuahenry1639 correct, I was just wondering why 1929 was significant as all that happened between 1919-1924ish
Printing money doesn’t make a difference it just makes it less valuable.
Well I'd say making it less valuable is already a big difference but ok 😅
Trust me, makes a huge difference
Printing more can mess up the entire currency as inflation would skyrocket and that would ruin the country
Until you F150 can't fit enough cash to buy a loaf of bread.
Don't with the use card bs you know what I mean.
@@Heeect00rrr only Jesus Christ knows the difference
"why dont they just print more money"
*stares at zimbabwe economy*
Looks at Germany in the 1920s
Looks at Japan today
@@JP-dl5rt
Japan had the oposide problem, for some time they had negative inflation.
Venezuela has entered the chat.
@@paradoxzee6834
Negative inflation is a good thing and is what a healthy government to economy relationship should be focused on.
I blame the Fed for global economic crisis, they can print credit as long as someone will borrow it into existence, but production cannot be printed. Right or wrong?
right! never can tell what the future holds, definitely a time to consider financial planning and not time for blames
As for me, I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 due to covid-outbreak, and immediately consulted a financial planner to handle growing my finance. I'm now only 25% short of my million dollar goal after a couple 100s of thousands invested so far.
Can't divulge much, the professional that guides me is 'Katherine Nance Dietz' she has a great deal of expertise with over 2 decades of experience, and very easy to work with, luckily her profile is noticeable on the web.
@@valentinaarrelaro truly appreciate it, found her site immediately after inputting her full name on my browser, she is valid
It's clear they don't know how national debt functions.
This is how it does work. The more you print the worse debt gets and lower the value. Just look at the hyper inflation of Japan and now the US
@@tolazytothinkofanamd2351 Well, someone doesn't know
When it comes to money. These guys make more than you can dream and also give less money ( tax ) they know what to do when it comes to money
@@tolazytothinkofanamd2351 The US has the same inflation as EU, this is nothing extraordinary on the global stage. The USD being the reserve currency means they are able to print way more money than any other country without feeling the same level of inflation. Also a lot of the debt is owed to itself and people inside the country as well as owing money to other government agencies. So yea, it's clear you don't know how national debt works.
@@tolazytothinkofanamd2351 WRONG! the government prints money for ITSELF not for the public.
I thought this as well. Then i learnt how the economy works
Money is worth nothing back by nothing.
Oh the FED made sure of that.....and the man who wanted to back money by gold again was taken out "gangland style"
Fiat
@@mayankexodusgold only has value because it’s used for secret medicine.
This is the first time I've seen this man interview where you guys at least seemed to be getting along.
Yeah that’s because Anik knows who he is interviewing and does his homework good , unlike the other hosts who have no idea about what their talking
The govt isn’t like a family. It can pay off the debt whenever it wants
Our government doesn't print money itself. The Federal Reserve Bank, which is a privately owned bank called "...Federal..." (many say to deceive people) prints the money & lends it to the government with interest at face value. They also set the interest rates, so the government can cut costs like crazy & they can raise the interest rate so that all that savings (more even) goes to them. Or the government can spend wildly & wasefully & The Federal Reserve can lower the interest rates offsetting all that spending (or even more). How the economy is going is a big part of why voters vote for who they vote for, so having the right to change the interest rate on the government's insanely high loan gives them incredible leverage politically
The national debt is a crock. Who do we owe this money to? What will they repossess if we do not pay them back? They have people believing that gold has value. The only true value is in food, water and the air you breathe. These are the only things you cannot live without.
Money is an Easy exchange & manageable medium which got evoluted from years to now as bit coins i.e. in do/die fashion for govt to trust/not. Hope some new medium will be standardized soon. ✌️
Hey pal if we suddenly can't import anything that's gonna be pretty catastrophic. Sure I guess you could survive but if people can't get cars, phones, laptops, etc that's gonna cause some problems
Speak for yourself
Usually a giant war comes after economic struggle like this
Why would printing money reduce debt? It just makes the money worth less.
Bro a wife and 2 kids, 50k an year, and in debt? Nah mate
Ive got 6 siblings and we can just about afford the damn bills without any debt making just over 20k an year
Good job, may allah help you.
@@picassoofai4061 thank you man, hope all is well for you too
Reminds me of a part of Hitchhiker's guide to the galaxy, where the people who landed on earth were using leaves as currency.. but inflation was fucking stupid high because leaves are god damn everywhere.
Venezuela : come on baby print more money 💸
Zimbabwe: I'm right behind you
Someone: Robert, how do we save people from corona?
Robert: debt, debt it's debt. Money is debt. Don't save debt.
So you actually can just keep using the credit card if you are the world's super power and strongest military that's why they have been using the credit card....
Whats the full video called?
Venezuela 👀
Germany in past: prints more money.
Zimbabwe in past: prints more money
Venezuela in present: prints more money
Now America
Argentina now: 😥
Literally every kid knows printing money doesnt work dude
The government isn't printing money. The central banks are, in the US that would be the Federal Reserve, which is a privately owned bank. So the government is it in debt to a private bank. Let that sink in.
I still don’t get what are we working for then
Printing money equals higher inflation
Wonder if people know we're in a debt based economy. Where debt has to exist. Robert Kiyosaki, the man made a fortune on regurgitating the same decades known ideas in different ways.
Sir, it's true we may in fact need debt.. but we probably don't need war.. so could you please leave Ukraine alone.. they're nice ppl 😁..
@@SuperSaiyanPikachu1 I made this profile 7 years ago for the memes, before no one cared about Putin. Even during the Crimea and Georgia events no one batted an eye. But, behold the propaganda get your fill.
The only winners in wars are the ones on top of the pyramid of power. Meanwhile innocents suffer it's very sad.
I’m confused. So if they’re in debt but they’re printing money…?? Yeah I’m lost wth
Essentially everyone working for this bank note with child sacrifice occult symbolism all over it makes it have value.
Saving money is sometimes unrealistic in low amounts
If you cant buy assets with it its better if it stay liquid and available
Can you talk about how you do taxes with all these different revenue streams?
The Government isn't a household. It's a currency issuer, not a currency user. This analogy doesn't work.
People don’t understand is the price of everything goes up when the dollar is devalued and Americans aren’t making more money because of its value decreasing so for Americans it is making everything eat more expensive
We all so obsessed with this imaginary system that ruins lifes- and we call those ppl that have the most of it sucessful and rich- i just think they r sad
I still don't understand
I love and respect you
And I’m trying to do like you
You'll never be able to pay the debt. If you paid the amount of debt, you wouldn't have enough money to pay the interest on that debt. We will owe forever, it can never be paid in full because of interest.
If I could print my own money and bring in more workers to pay me tax, I'd be spending like them too.
That's a win/ win, then they can take your house for the loan... If they didn't take it for taxes (very common in NY)
Equal amount of gold also needs to be deposited in the reserve Bank or else it won't have any value bringing down everything with it
That's 1915 economics
It’s confusing even if you don’t understand it or do understand it it’s still confusing because it was never suppose to exists at all and it’s causing world destruction god bless
So what do we save apples
Interesting
It is worse than we know, now we are at $31.5 Trillion in debt, BUY REAL MONEY!!!
*meanwhile in Venezuela*
Venezuela, a once beautiful country. There's much more than just printing out money and socialism. The country went against US interests so they suffered the same fate as Chile, Cuba, Libya, Guatemala.
Now it’s almost $34 trillion in debt
Doing that would cause mass inflation and complete economic collapse. The value of the dollar would be near worthless.
De valuing your own currency is never a good sign
Literally every country is doing this though...
Also if they print a massive amount at once money has no value anymore
Because people buy your money by working for it to live if you keep saving people by work yhey will keep saving you by buying your money by work .
Its actually worse than most people know..
The us prints money to pay for debt but also takes money out of circulation. This is one way they limit inflation
That's gonna work. But whose money they take out of circulation? And how
how do they take it?
If economics was easy no one would be poor. 👍
Printing more money just decreases the value of that money
So we should delete currency
The bank has to be broken
Bruh just print money faster than the inflation rate.
Brooo I think we should print 100 trillion dollars to pay off debt and have 78 trillion for the people!!1!1!1!!11!!!
Printing money is the debt
Here's how I see it so you have a half a gallon of lemonade and you drink a quart so you pour in another quart of water so now you got half a gallon of lemonade but it's half as week as a previous half ago so to buy more lemonade you sell another quart of lemonade in glasses and then you pour more water into it to get back up to half a gallon so you can sell more glasses after a couple of days you got nothing that picture but water that's what's happening to our currency they just take it and dilute it and dilute it and dilute it when I was a child I could get a can of soda and a vending machine for 5 cents that same can of soda is $1.50 to a $1.75 now that's the result of diluting the lemonade
Yeah but i gotta buy food and survive somehow.
Lol.....Venezuela did the same. 🤔😂🤣😂🤣
What he says, the example is not proper. Don't fall for his statement.
Japanese economy is different. It has higher debt and it always keep their currency much weaker. But they "give" Loan to developing nations like India and South Africa in very less int. rate.
In Japan, the bankers won't pay interest to people who open savings account in banks. The Japanese people have to pay interest charges to bankers if they want to park their earnings, money to bankers in their accounts.
He's warning his own people
One word, inflation
If the US has the biggest economy on Earth, cant they just not pay the debt?
Are you sayingLet's go back to the gold standard? End Federal Reserve? Dump fiat, back to fractional banking?
Answer to your question because you can’t print money. When they are in debt they can put money when you are in Debt you cannot therefore you are in debt
Well, no… the government owes $22 trillion , ..
Not Americans 🎉
No one else’s name signed off on the debt 🎉😂😂😂😂😊
This man has no idea how money works
It's not our gov't is a gov't service corporation that is in debt and has gone bankrupt multiple times over the last hundred years.
In basic accounting, if there's a debt ledger, there's a credit ledger - so where's the credit????
And WHO are the REAL creditors.
Think, who's sovereign in America?
Each American (not US citizens), a New Yorker, a Marylander, and Kansan etc are sovereign and are the Priority Creditors.
It's flipped on it's head - they cashiered away all the state trusts to use OUR credit to create debt notes (Federal Reserve Notes - which is a private group of banks mind you).
It's a big scam folks.
It’s confusing for people in countries like in the United States. But ask anyone in South America, like in Brazil, Venezuela, Argentina, what printing money does. Everybody knows the answer here: INFLATION
A lot of the problems in South America decades ago were most than just printing out money. The US printed most of its money in the last few years than in it's entire existence, yet no hyperinflation, yeah one of the many factors is we're still spending and producing a lot but the point is, there's more to inflation than printing out money. A lot goes into rising inflation than just brrrrrrr
They print it we pay for it
You can print money but not value
Just start working with drug dealers and boom debt is gone
US Dollar is still more valuable than a euro lol
Government prints money ? How ?
I thought federal reserve did that
Look up who the Treasury secretary is and where she worked before. If you think the fed is separate from the government you are crazy.
@@notmoose8670 Technically they are separate. But yeah i get what you mean.
You and Robert make a perfect combination
Poverty solved!
generalize trillions of debt to people using credit cards and loans.
You are saving debt
First ez
Looking at you democrats! Hope you get the hit the hardest during this depression!
@@zuhawk15 TOO LATE! We already see you….
Dont they learn their own history?
Money is just paper with nice colors on it, the value come from the goods and services
What 22 trillion, I have no idea what your talking about. No such debt exist.
How can people not learn from others mistakes!!!!! Look at the 20s ffs 🤦♂️
Why would u repeat what they did then and think ur gonna come out of it better of 😂
Please keep going😇🤑🤪🤮🤣🤣🤣😍
Does "INFLATION" ring a bell
It's all free speech we have to many wine people cry wine
The banks and the government are two different entities
Two different entities owned and operated by the same people
Look up the Treasury secretary and where her last job was and then apply that to what you just said.
In debt to who ?!?!
China I suppose
Hmm makes you think
Makes you think? On what? The US government doesnt print money. The federal reserve does and they loan the money to the Gov. If the gov take 100 they have to pay 103 (these numbers are just an explanation, not exact), so the more money you print the more debt you have.
u really wanna be like Zimbabwe so bad??
@@theinternet6767 yes makes you think way outside this box
@@VRDejaVu I said makes you think. You thunk up some stuff.
Smh
Bruv japan has different problem so they save their inflation is at -2% no demand for any shit only FMCG moves which are food and daily needs japan has way too much problem so they will save
I love this content Anik! More, please. 🙏🏽
People: "Bro world is dept to who?"
That one kid with moustache: "to me"
They borrow, print money to repay the debt with.. it's insane. If the dollar was once again tied to gold etc there would be no printing whenever they please... you can't spend what you don't have.
When they print money, where is the value created from?
The value of the dollar today is based on the idea the US won’t collapse tomorrow. That’s all it has no real value other than that
I share content about Self Improvement and High Performance Productivity. But somehow i find something relatable with your content anik. You're such a great guy. Learning a lot from you 🔥🔥