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Jacques Riverain @jacquesriverain.bsky.social

It doesn't. And the U.S. govt doesn't 'borrow' the Dollar, it is the sole legal issuer of it!

aug 31, 2025, 12:10 am • 0 0

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Tim Penman @slashc75.bsky.social

Wow! Okay.

aug 31, 2025, 7:45 pm • 0 0 • view
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ralphpoppy.bsky.social @ralphpoppy.bsky.social

What do you think the vast American debt is? Borrowed money, fool.

aug 31, 2025, 12:28 am • 0 0 • view
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Jacques Riverain @jacquesriverain.bsky.social

It's an accounting record of government spending. There are two 'debts' to be precise. One is interest on treasury bonds; the other 'debt' is the money in your pocket/bank account. The federral govt doesn;t borrow money. I told you this already.

aug 31, 2025, 12:31 am • 1 0 • view
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ralphpoppy.bsky.social @ralphpoppy.bsky.social

Yes, the US federal gov't borrows money to finance budget deficits, fund programs, and manage debt. It issues Treasury securities (bonds, notes, bills) sold to investors, including foreign governments, institutions, and individuals. Borrowing occurs when spending exceeds revenue, with the national debt exceeding $33 trillion. The Treasury Department manages this through auctions, and interest payments on this debt are a significant budget item, influenced by prevailing interest rates and economic conditions.
aug 31, 2025, 12:38 am • 2 0 • view
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Jacques Riverain @jacquesriverain.bsky.social

INteresting story, I know it. It was taught to me at university. It's wrong. It's up to you if you want to accept it. You'll find no compelling evidence for it. One needs to be a diligent student of history to understand how idiotic it is,.

aug 31, 2025, 12:40 am • 0 0 • view
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ralphpoppy.bsky.social @ralphpoppy.bsky.social

So sad how your education had failed you.

A lower credit rating for a country means higher borrowing costs. When a country's credit rating is downgraded, it signals higher risk to investors, who demand higher interest rates to compensate for the increased likelihood of default. This raises the cost of issuing gov't bonds or securing loans, as lenders charge more to offset perceived risk.
aug 31, 2025, 12:38 am • 1 0 • view
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Jacques Riverain @jacquesriverain.bsky.social

Posting statement images is of no help. But whatever. There are many neoliberals like you who think they're 'progressive' in economics.

aug 31, 2025, 12:41 am • 0 0 • view
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ralphpoppy.bsky.social @ralphpoppy.bsky.social

Typical ignorant conservative.

aug 31, 2025, 12:45 am • 0 0 • view
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Jacques Riverain @jacquesriverain.bsky.social

Another. Around 1939 US congress refused a $4bn investment in infrastructuire in the 'lease-spend' bill, apparently couldn't 'borrow'. In 1940 (when France fell) it had spent $300bn, didn't go 'bankrupt' and transformed the economy. How?

aug 31, 2025, 12:52 am • 0 0 • view
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Jacques Riverain @jacquesriverain.bsky.social

Here's conundrum. In 1925 Tussia was wrecked and has no 'gold' and a flat currency. In 1933 it had invested 60 billion Rubles and had new factories, schools, homes, hydroelectric plants etc. Who did it 'borrow' from? There was no 'market'.

aug 31, 2025, 12:49 am • 1 0 • view
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Jacques Riverain @jacquesriverain.bsky.social

Corrections: 'Russia' (not Tussia!). 'Had' no gold.

aug 31, 2025, 12:53 am • 0 0 • view
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ralphpoppy.bsky.social @ralphpoppy.bsky.social

Even if you believe governments don’t borrow, this is how they access additional funds.

aug 31, 2025, 1:06 am • 0 0 • view
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Jacques Riverain @jacquesriverain.bsky.social

No it is not. What do you mean 'additional funds'. The US govt has all the 'funds' it would ever need. That is not its problem. If you were talking about here in the Netherlands I would say 'yes' Euro user since it doesn't issue the currency it uses. But that's a different case.

aug 31, 2025, 1:09 am • 0 0 • view
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ralphpoppy.bsky.social @ralphpoppy.bsky.social

🤣🤣🤣Are you taking economics lessons from Ron Vara?

aug 31, 2025, 1:20 am • 0 0 • view
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Jacques Riverain @jacquesriverain.bsky.social

No. I give them. Not to 'Ron Vara' though. He comes out with the same things you keep saying.

aug 31, 2025, 1:21 am • 0 0 • view
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Jacques Riverain @jacquesriverain.bsky.social

I'm a member of a socialist party (Dutch as it happens) Irrelevant though, because it has nothing to do with facts about monetary economies.

aug 31, 2025, 12:47 am • 0 0 • view
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Tim Penman @slashc75.bsky.social

"Fool?"

aug 31, 2025, 1:14 am • 0 0 • view