Trump Wants $2 Trillion, Pelosi Wants $1 Trillion, for Next Coronavirus Spending Bill

So you're saying unless a nation is on the gold standard, they are like drunks?

 

How about sending the bill for this (for all of these) to the Communist Chinese instead of to the American taxpayer? They owe us far more than that, but at least it would be a start.

 

President Trump who claims he is for the people is all in on all this massive spending. I am very disappointed in him at this point.

 

They sure are. Printing money that is backed by nothing is the same now as it was then. The more money that is out there, the less the money is actually worth. That is only common monetary sense.

 

You start out this thread with "This has to stop," then want to get all realistic and practical with my comment? But you do know that our politicians, including some "ex" ones, are calling for China to be held accountable, right?

 

Actually, between tariffs and bringing manufacturing back to the US, China would in essence pay significantly. But I'm wondering if we really have enough politicians in office willing to back such a strategy.

The truth is that much more than that needs to happen to disentangle from China, including getting rid of many complicit, corrupt politicians. "This has to stop" is true of far more than the immediate.

 

Unlike post WW1 Germany we have an economy with workers, goods and services, infrastructure, etc. We have the ability to pay back our debts. This ability, or the "full faith and credit" of the United States is our backing. Postwar Germany did not have that ability so when they printed money there was absolutely nothing backing it.

 

Yes, that is "common monetary sense". We've been told this for generations. But in practice it's not shown to be true. We are $23 trillion in debt (now probably $24 trillion, after all, it's been another week...) When is this calamity going to strike us?

 

Probably nothing. Why don't you tell us what you think will happen?

 

Let us just agree, the spirit of globalism is dead, as in lots of people moving nation to nation. Shipping and world trade though is not dead.
Italy is partly in this mess due to many Chinese people coming from Wuhan into Italy, which both countries agreed to do for business purposes. When you have many people traveling globally, hot spots of infections pop up, pandemics spread easily.

Northern Italy & Wuhan: Partners for Better or Worse - Italy Health China Healthcare Coronavirus

Italy created direct flights from Wuhan and allowed over 100,000 citizens from China to move to Italy and work in their factories. In addition, as the Chinese became increasingly wealthy over the last two decades, more and more Chinese citizens moved to northern Italy to reside and many Chinese purchased Italian firms.

 

Well, I'm really disappointed here, as some seem oblivious to the obvious trend. Don't you know that society is going to continue to advance technologically to the point that robots will be doing nearly all of the work while we all largely enjoy lives of leisure?

 

don't be, he most likely knows something you/we don't.