It’s been a few months since Alexandria Optional-Cortex declared war on airplanes and cow farts when she unveiled her vast plan to save the world for only about $93 trillion dollars with her Green New Deal before it explodes in 12 years. Well, now it’s down to 11 years and 9 months. Anyway, I’ve been mostly rolling around on the floor laughing since then. I did stop a few times to eat, but then I start giggling again and back on the floor I go. I used to watch late night talk shows for enjoyment, but the new Democrat party is more fun. If my employer is reading this, I was working really hard all this time.
https://www.congress.gov/bill/116th-congress/house-resolution/109/text
We had to watch hours of coverage and read numerous articles about the Modern Monetary Theory and how you can just print more money and how printing more money steals purchasing power from foreigners and taxpayers to pay for government spending. That’s cute unless you have a problem with the value of the dollars that are in your wallet right now being decreased exponentially to the point where you need to go get a few billion of them to buy a banana at the grocery store. Let me rephrase. That’s cute unless you have a problem with politicians and the federal government who are EMPLOYEES OF YOURS stealing all your money and telling you to trust them. They will make sure you have everything you need. Trust them? Don’t trust them. Trust me when I say that.
Then, we had to listen to Alexandria Optional-Cortex explain to everybody that hasn’t put forth their own environmental ideas that until they do, “I’m the boss.” Holy crap. An elected representative. An employee of the citizens of this nation. She is so dumb that she thinks she’s the boss. You know, like when a five-year-old is put in charge of another five-year-old and tells them, “Daddy said I’m the boss.” I don’t really know what to say about all this. I’m actually kind of speechless other than to say, “You’re not the boss of me.”
To be fair, I’m making fun of her, but she’s not dumb. She was awarded second place in the 2007 Intel International Science and Engineering Fair and has an asteroid named after her. Dumb people don’t do things like that, but my opinion is the same. The Green New Deal is ridiculous in so many ways. Can we do better in taking care of the planet we are borrowing from our grandchildren? Of course, and we should. The debate is how that happens and the Green New Deal just makes no sense.
https://ssd.jpl.nasa.gov/sbdb.cgi?sstr=23238
Now, Elizabeth Warren has now decided that she needs to be even more hilarious than Optional-Cortex. She now wants to spend $100 trillion dollars for a huge list of things designed to fix all our problems.
https://www.lawenforcementtoday.com/warren-attacking-police-and-100-trillion-in-spending/
So, I had three thoughts.
1) Oh shit! What is Corey Booker going to do to be even more hilarious than these two? Is that even possible?!? I’m afraid to find out, but I’m sure he’ll look mad while he’s announcing it. He just looks angry all the time to me. <insert New Jersey joke?> Good luck mean-mugging your way into the white house, dude.
2) How much money actually exists in the whole world? Do these kinds of numbers even make sense in any way.? Is there even a shred of reality in these ideas at all? Are they trying to see how dumb we are? I know that’s a lot of questions all in one thought but hey.
How much money is there? Do the Rockefeller’s have $93 trillion or $100 trillion they can lend us or what? I found out a few things about the money supply that I never knew before. There are four ways to count the money supply.
M0 and M1 represent coins and currency and items that can easily be converted into cash like a baseball card or selling your car for cash.
M2 represents M0 and M1 and short-term time-deposits in banks and some mutual funds. A time-deposit means what you think – basically a certificate of deposit.
M3 is all of that plus the value of stocks owned by banks and individuals. Things that can be liquidated if only there was more money in existence then there really is. There is also MZM and probably a whole lot of other information I didn’t uncover, but I got the basic idea and the answers for which I was looking.
Shut up and tell me how much already!!
According to the Federal Reserve website as of January 23, 2019, there is about $1.7 trillion U.S. dollars in circulation if you are counting only M0 and M1. I would have thought more given the fact that we have $22 trillion in debt, but OK. Pretty sure politicians are terrible at simple math and budgeting and I’m not an economist, so OK.
When you broaden it out to count how much M3 money (called broad money) there is in the world, the CIA world factbook indicates that there is approximately $80 Trillion in the entire world. So, to get that much money, we would have to convince everyone on the entire planet to give our federal government everything they have so Americans can supposedly live for free on the governments dime. Thanks for giving us everything you have. Good luck with your life. Hope you don’t die.
Then, we would just print the last $20 trillion, I guess. I wish I was making that up. That’s what Optional-Cortex’s idea is. Just print more. She sat there and said that out loud with a straight face. Again, I’m no genius and I’m no economist, but I don’t think that sounds right. If it was that simple wouldn’t we have done that a long time ago? Brown University, where she triple-majored in International Relations and Economics and Comedic Deadpan for Public Servants, must have taught her that Modern Monetary Theory will work. And here we are. Thanks, Brown University. Good job.
https://www.investopedia.com/terms/m/moneysupply.asp
https://www.federalreserve.gov/faqs/currency_12773.htm
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html
3) My third thought was this.
That is all.
RS
RemainSilent.Online 