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Steve Ballmer tries to understand government spending

Steve Ballmer tries to understand government spending

(3:52) Former Microsoft CEO Steve Ballmer discusses his new venture called USAFacts which aims to understand and explain government spending.

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Guest: (180 days ago)

What's to be understand?

The US market system is so distorted in favour of miltary procurement and deep state favouritism that the real economy has to suffer essential asset price inflation to such an extent that government programs are the only way keep the real economy functioning.

It's been nearly 100 years since the realisation that using a specific countries currency as a global reserve currency is a terrible idea.

Maybe it's about time that lessons from history are actually learnt?

But for that to happen the western media lanscape has to change. Presenting a very narrow range of opinions as objective truth is not only dishonest but also destructive to the spiritual health of the collective conscience.

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Original comment

What's to be understand?

The US market system is so distorted in favour of miltary procurement and deep state favouritism that the real economy has to suffer essential asset price inflation to such an extent that government programs are the only way keep the real economy functioning.

It's been nearly 100 years since the realisation that using a specific countries currency as a global reserve currency is a terrible idea.

Maybe it's about time that lessons from history are actually learnt?

But for that to happen the western media lanscape has to change. Presenting a very narrow range of opinions as objective truth is not only dishonest but also destructive to the spiritual health of the collective conscience.

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Guest: guest II (180 days ago)

"It's been nearly 100 years since the realisation that using a specific countries currency as a global reserve currency is a terrible idea."

Could you expand on this? Pound was dominant before US dollar, but it wasn't global reserve currency. Gold and silver standard were reserves.

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"It's been nearly 100 years since the realisation that using a specific countries currency as a global reserve currency is a terrible idea."

Could you expand on this? Pound was dominant before US dollar, but it wasn't global reserve currency. Gold and silver standard were reserves.

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Guest: (179 days ago)

It has been nearly 100 years since the likes of John Maynard Keynes put forth the idea of Bancor to overcome the Triffin dilema and similar issues that arise when one countries currency is used as an intermediary of exchange for other countries currencies (reserve currency status).

Its worth look at why the IMF was created. The wikipedia article on it used to mention the 'classical remedy' to trade deficits. Find it elsewhere.

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It has been nearly 100 years since the likes of John Maynard Keynes put forth the idea of Bancor to overcome the Triffin dilema and similar issues that arise when one countries currency is used as an intermediary of exchange for other countries currencies (reserve currency status).

Its worth look at why the IMF was created. The wikipedia article on it used to mention the 'classical remedy' to trade deficits. Find it elsewhere.

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Guest: (179 days ago)

More like 50 to 70 years.

World before WWI and after WWII is very different.

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More like 50 to 70 years.

World before WWI and after WWII is very different.

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Guest: (179 days ago)

The number of years isn't particularly relevant.

The point is that having a world reserve currency has always gone hand in hand with military dominance and monopoly special interests, that therefore creates pricing distortions throughout the economy.

A desire to dominate creates the need for government programs for the poor that those with the desire to dominate believe shouldn't exist.

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The number of years isn't particularly relevant.

The point is that having a world reserve currency has always gone hand in hand with military dominance and monopoly special interests, that therefore creates pricing distortions throughout the economy.

A desire to dominate creates the need for government programs for the poor that those with the desire to dominate believe shouldn't exist.

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Guest: (179 days ago)

There never was world reserve currency before US dollar.

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There never was world reserve currency before US dollar.

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Guest: (179 days ago)

Downvoted 98 times? Haha, I guess you know that your above comment is incorrect Pete. See the Wikipedia article on reserve currency (I can't link to it because copy/paste and linking are banned for guest users now, too bad, TrollMe.com sucks anyway, too many arsehole alter egos of Pete anyway, time to say goodbye for good)

ReplyVote up (85)down (101)
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Downvoted 98 times? Haha, I guess you know that your above comment is incorrect Pete. See the Wikipedia article on reserve currency (I can't link to it because copy/paste and linking are banned for guest users now, too bad, TrollMe.com sucks anyway, too many arsehole alter egos of Pete anyway, time to say goodbye for good)

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Guest: real mad (179 days ago)

Another victim of the outrageous ego

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Another victim of the outrageous ego

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Guest: (179 days ago)
Latest comment:

The unrecognised ego. Where knowing little about the subject at hand has little to no influence on your faith in your own understanding, because the unrecognised ego fears the shame of becoming recognised e.g. admitting that you don't understand.

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Latest comment:

The unrecognised ego. Where knowing little about the subject at hand has little to no influence on your faith in your own understanding, because the unrecognised ego fears the shame of becoming recognised e.g. admitting that you don't understand.

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Guest: guest II (179 days ago)

I guess that makes it true.

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I guess that makes it true.

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Guest: (179 days ago)

There are many good books on the subject as well as Wikipedia. I recommend The Global Minotaur by Yanis Varousfakis.

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There are many good books on the subject as well as Wikipedia. I recommend The Global Minotaur by Yanis Varousfakis.

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Guest: (179 days ago)

Mission accomplished?

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Mission accomplished?

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Guest: (179 days ago)

If you say so Pete.

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If you say so Pete.

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