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ParanoidAndroid

(11 posts)
14. no reason to be hostile
Mon Nov 18, 2024, 03:41 PM
Nov 18

no reason to be hostile, I am a democrat too. I was also a computer tech. Power does go out for extended periods, such as during a hurricane and the aftermath, so then stores and your bank may be closed and debit cards don't work. If there is a permanent power out, well there is no money, crypto, or anything anymore.
Yes I was referring to the total national debt, not the yearly budget deficit. I apologize for any confusion.
Many central banks are working on cbdc plans. The Fed is researching it also, though have not announced any concrete plan or timeline. J Powell says it won't be any time soon.
Inflation was 9.1 percent in June 2022, so it goes up and down. I was talking about an annual rate of monetary debasement which causes confusion with inflation sometimes. That also can vary, though it gets worse the faster money is being created out of thin air.

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