US Senate passes $1.9T stimulus bill

[F-22Raptor]

https://twitter.com/x/status/1368253142610157570

 

[Goenitz]

By printing currency. Too bad, the world is still trading in Dollars. Else, this stimulus package would be dusted.

 

[Stryker1982]

How much of this 1.9T is actually stimulus for the population and not random shit they want to fund cause that happens alot it seems.

 

[Mk-313]

By printing currency. Too bad, the world is still trading in Dollars. Else, this stimulus package would be dusted.

every nation prints money when their stimulating the economy. What do u think China dug it under the ground when they passed their $500 billion stimulus

the only thing that matters is how much currency is in circulation, how powerful ur economy and how much interest you can beat to pay before printing causes devaluation of the given currency

 

[The Accountant]

every nation prints money when their stimulating the economy. What do u think China dug it under the ground when they passed their $500 billion stimulus

the only thing that matters is how much currency is in circulation, how powerful ur economy and how much interest you can beat to pay before printing causes devaluation of the given currency

It matters when gov is in heavy debt and issuing too frequent packages without real results.

China is in continous trade surplus whereas usa in trade deficit and no concrete plan to reverse that

 

[Indos]

Commodities price will get huge support due to this announcement.

 

[Philip the Arab]

Commodities price will get huge support due to this announcement.

My stocks will gain a boost too hopefully.

 

[Indos]

My stocks will gain a boost too hopefully.

Thats huge, particularly after Thursday OPEC meeting surprise

Oil Flirts With $70 After The OPEC+ Surprise | OilPrice.com

During early trading on Friday, Brent surpassed $69 per barrel while WTI was trading at $66

oilprice.com

 

[Indos]

Palm Oil price will likely to increase further

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High palm oil price delays Indonesia’s B40 biodiesel plan
​

Norman Harsono

PREMIUM
Jakarta / Wed, February 24 2021 / 08:30 am

Doubts have emerged over Indonesia’s plan to roll out the use of B40-type biodiesel by July this year as the high price of crude palm oil (CPO) renders such fuel uneconomical.

Stakeholders have said that Indonesia’s biodiesel subsidy budget for this year, sourced from the CPO export levy and estimated at Rp 46 trillion (US$3.29 billion), was insufficient for the B40 program given the high current CPO price, which has rallied to around $1,080 per ton this year from around $530 in May 2020. “Right now, price is the main hurdle for B40.

The sharp rise in CPO prices has made biodiesel prices rise significantly as well,” energy economist Alloysius Joko Purwanto, who penned numerous articles on transportation economics, told The Jakarta Post on Thursday. Joko, a researcher with the Economic Research Institute for ASEAN and East Asia (ERIA), said the difference

High palm oil price delays Indonesia’s B40 biodiesel plan

Doubts have emerged over Indonesia’s plan to roll out the use of B40-type biodiesel by July this year as the high price of crude palm oil (CPO) renders such fuel uneconomical.

www.thejakartapost.com

 

[Goritoes]

I hope they approve of it.

 

[Goenitz]

every nation prints money when their stimulating the economy. What do u think China dug it under the ground when they passed their $500 billion stimulus

the only thing that matters is how much currency is in circulation, how powerful ur economy and how much interest you can beat to pay before printing causes devaluation of the given currency

No Sir, continuous printing should cause inflation. But the fact that US citizen can trade internationally with US dollar bills is the reason that printing more, helps reviving the economy. Not every country can pump in money and do that.

 

[hualushui]

https://www.usdebtclock.org/

 

[ARMalik]

The whole world is being held hostage by these US fascists. When will every country get rid of US dollar and start trading in something else.

 

[Mk-313]

It matters when gov is in heavy debt and issuing too frequent packages without real results.

China is in continous trade surplus whereas usa in trade deficit and no concrete plan to reverse that

Neither two are correlated. Debt ratio is measured by gdp:debt ratio. And the issuance of debt is measured by the tax revenue of a government and whether that given revenue has enough money to pay the interest of the debt its taking

because your way, chinas state owned company’s are defaulting on their debtwhich caused China to open up its bond markets because people weren’t willing to invest in the state owned companies anymore

as long as US has enough tax revenue to pay of its tranche and its interest they can always get debt

 

[Mk-313]

No Sir, continuous printing should cause inflation. But the fact that US citizen can trade internationally with US dollar bills is the reason that printing more, helps reviving the economy. Not every country can pump in money and do that.

If printing is in correlation with the growth of the gdp then it is fine. But what a lot of you miss is this new printing is in the form of the debt not by pumping money in the economy.

US is essentially borrowing this money and promising when we can get tax revenue which is collected by real productivity (value) we will pay it back. In this way inflation doesn’t occur as much because the money that was pumped in the circulation is now being taken out by the tax revenue

inflation and hyperinflation happens when govt prints money and essentially tells everyone ok take this extra money and assume it has value

the difference in both scenario isin the 1st one I am giving u a piece of paper that says lend me $5 and I will give u back when I get income. In 2nd one I am saying I wrote in this piece of paper that it’s $5 so give me $5 worth of good.