Davin News Server

On Sun, 10 Nov 2024 16:46:48 -0500, Ed P <esp@snet.n> wrote:

>On 11/10/2024 3:46 PM, Petzl wrote:
>> On Mon, 11 Nov 2024 07:12:57 +1100, "Rod Speed"
>> <rod.speed.aaa@gmail.com> wrote:
>> 
>>> Petzl <petzlx@gmail.com> wrote
>>>
>>>> When money is printed it devalues currency
>>>> Making consumers pay for the secret tax called inflation
>>>
>>> That isnt the only thing that produces inflation.
>>>
>> Spending more than you earn and devaluing ones currency?
>>>
>>>> Sort of explained here,
>>>
>>> Just more mindless ignorant bullshit.
>>>
>> Rod Speed is full of "ignorant bullshit".
>> 2:30 in explains it all in a minute but you choose to know nothing,
>> as usual!
>>>
>>>> go about three minutes in to avoid ads and silly talk
>>>> <https://rumble.com/v5lb9e4-trump-wins-and-eliminates-federal-income-tax-martin-armstrong.html?e9s=src_v1_ucp>
>>>>      https://t.ly/Gl2GS
>>>> Trump Wins, Eliminates Federal Income Tax, Economy Booms
>>>> – Martin Armstrong
>>>
>>> Not going to happen and wouldnt remove inflation even if it did.
>>>
>> The Swiss have a negative inflation rate because the have their
>> currency going up,
>> So far don't print more money than what they earn.
>> Covid may have changed this a bit?
>
>Debt ratio is a factor.  They handle money better than the US
>
>U.S. Treasury Fiscal Data: The debt to GDP ratio for 2024 is 123%, 
>calculated using a GDP of $28.82 trillion and a debt of $35.46 trillion.
>
>Switzerland's national debt is projected to be 25.3% of its GDP by the 
>end of 2024, according to Fitch Ratings
>
With the exception of Covid the Swiss stay within the funds their
taxes provide
you can see from this screen shot
https://ibb.co/jMPpZfr
Swiss inflation before 2021 it was negative inflation which mean
giving tax back to it's citizens

Screen shot From here
https://www.bfs.admin.ch/bfs/en/home/statistics/prices/consumer-price-index.html
-- 
Petzl 
The problem with socialism is that you
eventually run out of other people's money.