Quote from: franky1 on July 19, 2023, 03:45:41 AM

the dollar gets devalued all the time.. thats the whole point of the dollar.
biden did not cause it. its due to events from many years back

what do you mean by "all the time"? and yes biden is causing it when he pays 800,000 people $10,000 towards their student loans.

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also treasury money is suppose to help those less well off.. its not suppose to give banks trillions.. also by writing off alot of student debt it did actually help lower the debt. thats what write offs do!!

no one is "writing off" student debt, they're just forcing american taxpayers to pay it for these former students many of whom can afford to pay it themself but don't want to because they want someone else to pay it for them even though they agreed to pay it back themself when they got the loans.

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if you think it was ok to bail the banks for X years but not give small cheques/write offs to the little guys then you have failed another test of economic knowledge

you're comparing two totally different situations. it's a common logical fallacy franky.

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yes the dollar is getting devalued. get used to it. why do you think bitcoin was invented for to hedge against the dollar

why should i get used to it? the only time it gets devalued is when we print more of it. that only happens at certain points in time, not "all the time". and no bitcoin was not invented to hedge against the dollar or any other fiat currency. you really need to get your facts straight. read satoshi's white paper maybe. does it mention hedging against the dollar? i doubt it...

you may like to THINK of it as a hedge against inflation or the us dollar but that's only your mind playing tricks on you.

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if you did not realise the whole world is impacted by inflation. not just bidens USA.. and if you look closer. its the BANKS that are at fault

look at the actions of the BANKS.. you know.. where the real economics stem from

banks are a necessary part of modern society thus we have to keep them running. if the taxpayers have to bail them out then so be it. everyone shares that burden equally though. unlike say student loan forgiveness where one group of people is getting one over on the other...

Quote from: o_e_l_e_o

Let's blame this on the student debts, will we? Let's ignore the trillions in evaded taxes from said oligarchs? Let's ignore the trillions used to bail out the banks over and over again? Let's ignore the billions in PPP loans which billionaires took and then wrote off? Let's ignore that we have to subsidize people in full time employment because these billionaires won't pay them a reasonable wage?

two wrongs don't make a right. you can point to other injustices but you can't use them as reasons why something else is not wrong.

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Lol. Yeah, definitely Biden's fault. We'll just ignore the Trump tax cuts for the rich which cost 5x what student debt forgiveness is going to cost, shall we? Roll Eyes

it doesn't make sense that you would pay $10,000 towards someone's student loans if they are making $100,000 per year.