The War in Europe

Why am I supposed to believe that you or anyone else at EvC knows better than what I've heard? I'm not being smug- I'm genuinely curious. Again, let's be clear about this. Perhaps you can begin by telling me what you have heard.(Or been taught)

First off, is it true that US money to Ukraine was essentially given whereas European money to Ukraine was loaned? Or is this some propaganda and fake news that I heard?Second, I heard that ten trillion in US debt is coming due in 2025 alone. I think that this is an accurate figure.My point for the past few years, unfailingly dismissed by you and others, is that BRICS(led by Russia) was waging an economic war against the US Dollar. Sanctions against them were not working. Does anyone dispute this?

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Perhaps you can begin by telling me what you have heard so I can instantly forget what you and multiples of others have repeatedly explained to me so that I can continue to re-write my delusions ad infinitum.

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There, fixed it for you Phat, you are welcome.

Of course, this "chorus" of others who correct me know things that I am incapable of knowing! |
The cracks in the foundation started in 2008 when Obama bailed out the banks. We should have taken the hit then.Since Covid, the government is now 40% of the economy. This is a big part of the problems we now face.

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this "chorus" of others who correct me know things that I am incapable of learning!

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There, fixed it for you Phat, you are welcome.

There, fixed it for you Phat, you are welcome. --Percy

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Of course, this "chorus" of others who correct me know things that I am incapable of knowing!

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Or can’t be bothered to know. Under Biden the US was coping well with the problems the world was facing. After 3 months of Trump, the US is at risk of falling into recession - due to Trump messing around with tariffs and threatening trade wars.I’m sure you are capable of knowing that. You just never bothered.

It's only been about 1.7 months, but it does seem a lot longer.--Percy

Didn't know about the Fenian Raids. Definitely wasn't taught in my school.Thanks for the write-up, appreciate the effort.

By the way, we're still wondering if what Trump's done since he took office is what you wanted him to do?Since you're deeply buried in the conservative echo chamber you may not be aware that many Trump voters are experiencing buyer's remorse. A friend just admitted that he is one yesterday. Republican leadership is advising their congresspeople to avoid in-person town hall meetings because of the degree of outrage being expressed by their Republican constituents and the tendency for them to devolve into shouting matches. Trump posted this claim on Truth Social:

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Paid ‘troublemakers’ are attending Republican Town Hall Meetings. It is all part of the game for the Democrats, but just like our big LANDSLIDE ELECTION, it’s not going to work for them!

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These are lies, of course, and not just because his lips were moving. There is no evidence of "paid ‘troublemakers’ " at Republican Town Hall meetings, and the election "landslide" was 49.8% to 48.3%.Clearly there are many Republican voters out there who are angry at what they've seen from the Trump administration so far. How about you?--Percy

I'd like to take this opportunity to invite Mr. Watters to go fuck himself. Seriously how far up your ass does your head have to be to take offense at the thought of country wishing to retain it's sovereignty?

It depends on how you look at it, Percy. What source did you use? Is Government Spending Really 41 Percent of GDP? My point is that through QE and other stimulus methods, our economy's vibrancy has largely been due to money created out of nothing. The government was and is responsible for this.

What I wanted was change from the Biden administration. I wanted the U.S. to address its budget quirks before it was too late. You and others continued to denigrate my arguments by acting as if you could school me on what economics was really all about, parroting an administration focused on re-election and fully able to spin the narrative. They taught you well.To be honest, (and as I have said before) there is a 20& chance that Trump is trying to destroy everything. It certainly appears that way from a Democratic perspective. Democrats have always hated Trump and would have as soon seen him jailed or killed instead of winning the 2024 election.From my perspective, Trump is indeed trashing the system as it has been globally for over 50 years. There could be several reasons for this.

As I mentioned often, BRICS is (or was) in an economic war with the West. You and I never agreed that the dollar was in trouble. I always took that side and still do. So how is turning our back on our allies helping the issue? It is forcing them to spend their own money to defend their own interests and freeing us up to let the dollar crash and absolve ourselves of the 36 trillion plus in debt that we have. Trump has never been afraid of bankruptcy (evidently). In this "wargame scenario," we know exactly what they were planning to do and we now are making them aware of the fact that we know and are responding rather than denying that our "mighty" dollar could ever be hurt. As for our allies, they are hurt and will be hurt because we are forcing them to go along with the planned implosion.

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Your side was under the illusion that we could have remained solvent and paid the debt.
Now it is everyone's responsibility.

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When both religious and non-religious people reach the same conclusions then you know religion isn't the reason.--Percy
God alone is God *but* God is not alone~Ellis Potter
We see Monsters where Science shows us Windmills.~Phat, remixed

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Critics would of course say that "God" is a product of human imagination...but then again God may well declare that all of creation is a product of His imagination! It is all in the perspective of the observer.~Phat

No, it does not depend upon how you look at it. It depends upon facts. You Google 2024 government spending ($6.75 trillion), then you Google 2024 US GDP ($29.17 trillion), and you divide, yielding the result of 23.14%. This is much higher than the figure I cited yesterday, but still nowhere close to 41%. Evidently yesterday I Googled "2024 GDP" instead of "2024 US GDP" and it gave me the GDP for the entire world. The article you cite is from 2011, not long after the 2008-2009 recession, and as the article explains, the figure includes all levels of government, not just federal. When using this method we come in lower than most other countries. That figure also needs to be put in a historical context (what were the figures before and since), and you need a figure more recent than 2011.Here's federal outlays as a percentage of GDP. It separates defense from non-defense spending, but it's still easy to interpret: --Percy

Is that what you wanted from Trump when you voted for him? Plus his isolationist actions, his tariffs, and his likely empowering of Russia, will weaken the dollar, not strengthen it. Is this what you wanted when you voted for him? I've never said anything like that. I explained that it isn't practical for countries to pay down their debt, that a country has to grow it's economy to make the debt relatively smaller, in other words, to grow it's GDP (the denominator) so that debt (the numerator) becomes a smaller percentage of it.--Percy