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muriel_volestrangler

(102,954 posts)

13. Though US inflation is 2.6%, not the "8%" you conjured out of thin air

Mon Nov 18, 2024, 02:05 PM

Nov 18

No, "if the power goes out", all that is not "gone". I guess you're new to the concept of computers, but they have permanent storage. They have always had permanent storage. Your computer is not wiped if you turn it off, or there's a power cut.

The US federal deficit is about $1.8 trillion in 2024. https://fred.stlouisfed.org/series/FYFSD . I suspect you don't know the difference between "deficit" and "debt", but you ought to learn that before trying to use figures to talk about either.

So I take your prediction of "money will be converted into a CBDC (central bank digital currency), which is a Federal Reserve version of crypto, a digital dollar" with a pinch of salt, given the knowledge you've shown.

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I don't want to deal in crypto [View all] XanaDUer2 Nov 18 OP

Post removed Post removed Nov 18 #1

What? Nt XanaDUer2 Nov 18 #3

Alerted hatrack Nov 18 #5

Buh-bye hatrack Nov 18 #4

They could try it, if they really truly wanted the economy to implode in 12 hours . . . hatrack Nov 18 #2

They are NOT going to eliminate the USD. No reason to have panic attacks. Happy Hoosier Nov 18 #6

I do not either thinkingagain Nov 18 #7

If the power goes out, so does the stock market confoosed Nov 18 #17

This message was self-deleted by its author thinkingagain Nov 18 #8

actually, dollars are losing value ParanoidAndroid Nov 18 #9

exactly... an example: WarGamer Nov 18 #11

the idea is ParanoidAndroid Nov 18 #12

Though US inflation is 2.6%, not the "8%" you conjured out of thin air muriel_volestrangler Nov 18 #13

no reason to be hostile ParanoidAndroid Nov 18 #14

You claimed "the value of a dollar is going down by about 8% a year", which is inflation. muriel_volestrangler Nov 18 #15

it is not quite the same thing ParanoidAndroid Nov 19 #18

I don't care if Raoul Pal thinks he has some special definition of "the value of a dollar" muriel_volestrangler Nov 19 #19

actually ParanoidAndroid Nov 19 #20

that should be the LAST of your worries... seriously, relax. WarGamer Nov 18 #10

The scariest rumor going around is that Trump will create a strategic bitcoin reserve... PeaceWave Nov 18 #16

There's a lot of seriously shady shit in crypto. Initech Nov 19 #21