Create accountLogin

Recent searches

No recent searches

Search options

Only available when logged in.
urbanists.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
We're a server for people who like bikes, transit, and walkable cities. Let's get to know each other!

Administered by:

Server stats:

591
active users

urbanists.social: AboutProfiles directoryPrivacy policy

Mastodon: AboutGet the appKeyboard shortcutsView source codev4.3.6

#debt

32 posts27 participants0 posts today
Public
WIST Quotations

A quotation from Will Rogers

The trouble with the farmer up to now has been that every time somebody has thought of relief for him it has been to make it so he could borrow more money. That’s what’s the matter with him now. What he needs is some way to pay back. Not some way to borrow more.

Will Rogers (1879-1935) American humorist
Column (1927-02-27), “Weekly Article: Big Bouts for Farm Relief”

Sourcing, notes: wist.info/rogers-will/75676/

#quote#quotes#quotation
Public
0815News

Warum Udo Di Fabio Unrecht hat – Stellungnahme für den Deutschen Bundestag

Ulrich Vosgerau zweifelt an der Richtigkeit, das Grundgesetz mit den Mehrheiten des alten, vom Bundespräsidenten A.U.F.G.E.L.Ö.S.T.E.N(Sic!) Bundestag zu ändern! Er belegt, das es für Bundestagspräsidentin Bärbel Bas durchaus möglich war, statt des alten, vorfristig(!) auch den neugewählten Bundestag einzuberufen.
Auch bezweifelt Dr. Vosgerau stark, das die dazu eiligst einberufenen Abgeordneten, ob der Kürze der Abstimmung, überhaupt in der Lage seien, die Tragweite dieser Änderungen am Grundgesetz zu erfassen…

#cdu #friedrichmerz #debt #schuldenbremse #grundgesetz #ulrichvosgerau

0815-info.news/Web_Links-Warum

Continued thread
Public
acemaxx

One also wonders why extra #debt is needed to finance investments. Should this debt be repaid even though it clearly has an equivalent value in the form of better transportation routes and stable bridges, if the expenditure really is additional?

Replied in thread
Public
Scott 🇮🇱🇺🇦🗽

@Leah He's just getting started. By the time this is over, the national #debt will have ballooned enormously, and an #economic #recession (or #depression) will take hold. Internationally, the #dollar will be weak, and—perhaps worst of all—economic powers will be strongly considering replacing the dollar as the world's reserve currency (if they haven't done so by then already).

Most Americans don't appreciate the value of having control over what amounts to the common currency of world markets. When a country like, say, Brazil has to pay its international creditors, they can't just write a check. First they have to obtain enough US dollars to cover their payment. That boosts the value of the dollar, thus making our own debt less expensive for us to pay.

Additionally, unlike Brazil, in a pinch, if we are really struggling with debt, we can (ta da) simply issue more money! That has a strong downside, of course, but we're alone in having the power to do so.

#saveDemocracy
Public
Wen

Kudos to Micael Sheen - putting his money where his mouth is and also exposing some of the inequities in debt in the UK. Available on C4 catch up.

Due to the murky issue of reselling debt, Sheen discovers he can buy £1m’s worth of debt for a relatively paltry £100,000. Over two years, this documentary shows him working towards buying up the deband writing it off”.

theguardian.com/tv-and-radio/2

theguardian.com/lifeandstyle/2

The Guardian · Michael Sheen’s Secret Million Pound Giveaway review – this Robin Hood heist is a total inspirationBy Rebecca Nicholson
#UkPolitics#Wales#MichaelSheen
ExploreLive feeds
About