Path: ...!news.roellig-ltd.de!open-news-network.org!weretis.net!feeder8.news.weretis.net!reader5.news.weretis.net!news.solani.org!.POSTED!not-for-mail
From: Jan Panteltje <alien@comet.invalid>
Newsgroups: sci.electronics.design,us.politics
Subject: Re: OT: America could go bankrupt : Musk
Date: Sun, 27 Oct 2024 07:13:23 GMT
Message-ID: <vfkp6k$3f8k$1@solani.org>
References: <vff719$1c300$1@solani.org> <vff7lq$30vnv$4@dont-email.me> <671b2a78$2$1428050$882e4bbb@reader.netnews.com> <vffk2n$1ca7p$1@solani.org> <671d5f01$2$2873013$882e4bbb@reader.netnews.com>
MIME-Version: 1.0
Content-Type: text/plain; ISO-8859-15
Content-Transfer-Encoding: 8bit
Injection-Date: Sun, 27 Oct 2024 07:13:24 -0000 (UTC)
Injection-Info: solani.org;
	logging-data="113940"; mail-complaints-to="abuse@news.solani.org"
User-Agent: NewsFleX-1.5.7.5 (Linux-5.15.32-v7l+)
Cancel-Lock: sha1:DIT73MdZpE/ZOZKNVSD0HcJj3gY=
X-Newsreader-location: NewsFleX-1.5.7.5 (c) 'LIGHTSPEED' off line news reader for the Linux platform
 NewsFleX homepage: http://www.panteltje.nl/panteltje/newsflex/ and ftp download ftp://sunsite.unc.edu/pub/linux/system/news/readers/ 
X-User-ID: eJwNyrkBwCAMA8CV4hczDkL2/iOE6poLS8m7PCM9JiY/7XrMofZeEgB31TVXNIbUGDN+KTTJpuBs4EWrcrv1A2XSFc0=
Bytes: 4304
Lines: 61

On a sunny day (Sat, 26 Oct 2024 17:28:33 -0400) it happened bitrex
<user@example.net> wrote in <671d5f01$2$2873013$882e4bbb@reader.netnews.com>:

>On 10/25/2024 4:15 AM, Jan Panteltje wrote:
>> On a sunny day (Fri, 25 Oct 2024 01:20:55 -0400) it happened bitrex
>> <user@example.net> wrote in <671b2a78$2$1428050$882e4bbb@reader.netnews.com>:
>> 
>>>
>>>>> This is not the first time the tech billionaire has sounded the alarm
>>>>> over US debt.
>>>>> Earlier this year, Musk said that the current rate of government
>>>>> spending was putting the US in the fast lane to bankruptcy,
>>>>> and that government overspending was stoking inflation.
>>>>>
>>>>> In September, he wrote that every trillion dollars of debt added is
>>>>> money that “our kids and grandkids are going to have to pay somehow.”
>>>>> If debt keeps growing at this pace, Musk warned, the US will be
>>>>> trapped in a vicious cycle where “the only thing we’ll be able to pay
>>>>> is interest.”
>>>>> You can share this story on social media:
>>>>
>>>> The simple - if nasty - solution to this problem is inflation. Let the
>>>> dollar inflate and the debt (and the cost of servicing it) dwindles.
>>>>
>>>> People will stop lending you money denominated in terms the inflating
>>>> currency, so it does effectively bankrupt the country. It has happened
>>>> from time to time and the countries involved have survived.
>>>>
>>>> Musk doesn't know as much history as he should.
>>>>
>>>
>>>
>>> Milton Keynes wrote: "Practical men who believe themselves to be quite
>>> exempt from any intellectual influence, are usually the slaves of some
>>> defunct economist. Madmen in authority, who hear voices in the air,
>>> distill their frenzy from some academic scribbler of a few years back."
>>>
>>> Almost like he had Musk in mind. He seems to lift his ideas on debt from
>>> dead neo-Austrians and his ideas on money as a "database for resource
>>> allocation"/information theory from dead Marxists.
>> 
>> I dunno how Musk does it, but I somehow like his succcess
>> Tesla shares are way up as sales had an unexpected plus.
>> He saved the bo[e]ing astronuts and Starlink really works
>> He just landed a rocket with booster at the launch tower, with 'chopsticks', amazing!
>> I would vote for him as president if I could.
>> Maybe that would save 'merrica from becoming a fourth world country.
>> As opposed to The radiating youash ashes that would follow a chameleon demorat win ...
>
>Remember when people were worried about the government/industry spying 
>on them?
>
><https://fortune.com/2024/10/18/twitter-x-privacy-policy-update-ai-user-data-trump-court/>
>
>Now people give it away for free! Really the most helpful fashion of citizen

I sort of assume 'they' know everything 'bout me
that leaves room to play <them>
The secret commienukation I do with birds carrying micro SDcards, all data exored with Pi.
I trust you guys not to tell Annie Boddy