Row 14842

Row ID: 14842 | Dataset Entry | Axioma AXP Content Repository

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Printing money exacerbates the problem with inflation. U.S. debt is $35 billion right now, the interest payments alone on that debt annually is about $1 trillion. To give some context, the U.S. only brings in about $4 trillion per year in tax revenue, so the interest payments are already 25% of the US income. Hell, the interest payment is higher than the U.S. military budget which ranges close to $800 billion. You can’t solve that problem by printing money, the inflation will get worse.

Currently the US is in a lose/lose scenario, and as the dollars buying power erodes, the less people and nations want to hold the dollar. The more people who stop holding the dollar, the more inflation we experience, and the less people will buy bonds. It’s a nasty cycle. Bitcoins biggest draw is that it’s sound money and provides a “flight to safety” as ceo of blackrock said, to get away from the failing dollar.

FieldValue
text Printing money exacerbates the problem with inflation. U.S. debt is $35 billion right now, the interest payments alone on that debt annually is about $1 trillion. To give some context, the U.S. only brings in about $4 trillion per year in tax revenue, so the interest payments are already 25% of the US income. Hell, the interest payment is higher than the U.S. military budget which ranges close to $800 billion. You can’t solve that problem by printing money, the inflation will get worse. Current…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-20
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url_encoded Z0FBQUFBQm5Lak9MTXpPdjdsLUU3YzNqMGJ2VlhJY3c3ck1jcWJlYVlBbEZIN21tUFVqR0lXVEhnSV95V0RwZXVLUTRNRlI3dG4xZXc0ODV6OWZMYzVtX2d2dU1ER05OVnBXekNyd1dFZ2JCUHNrbDhFckd2RUFtaFlxWE5fY2s0T0tCMlpBUkM1cy1aeFBIaGtuV21aZzlLSzBCdUdBWEZGYm5rZjZGZ05ZSEU2WjlvYVdOa08yQm9NTlB0QzEtU09pc1k3eFZNeEtheEFxeXp3dHdfVG5LTTJuNk9lUHI2QT09

Raw Record

{
  "text": "Printing money exacerbates the problem with inflation. U.S. debt is $35 billion right now, the interest payments alone on that debt annually is about $1 trillion. To give some context, the U.S. only brings in about $4 trillion per year in tax revenue, so the interest payments are already 25% of the US income. Hell, the interest payment is higher than the U.S. military budget which ranges close to $800 billion. You can’t solve that problem by printing money, the inflation will get worse.\n\nCurrently the US is in a lose/lose scenario, and as the dollars buying power erodes, the less people and nations want to hold the dollar. The more people who stop holding the dollar, the more inflation we experience, and the less people will buy bonds.  It’s a nasty cycle. Bitcoins biggest draw is that it’s sound money and provides a “flight to safety” as ceo of blackrock said, to get away from the failing dollar.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-20",
  "username_encoded": "Z0FBQUFBQm5Lakw4X3F5ZFFvc04xQk0xc3ZTSTI1VWJZYTZONkNUVi1FeXc4ZGVuNno0Sk9tTHlZcGd2aU5RNUNSYi1nOEFUR20zX1NHbG1MdDU4d3cwNGMyeURxRjA4M0E9PQ==",
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}
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