Message from @Perihelion - CA
Discord ID: 550099709096755211
I'll get too thin if I don't eat and work out
@Grayson I had one hell of a back workout last night. Feels good man. Imma have to arm wrestle u at LOPF
In order for economy to stay afloat more loans must be issued than currently exist in order to provide the money to pay the interest on existing loans.
Fractional reserve banking
That means all economic activity is ultimately directed by banks. That means more power lies with banks than with governemnt (since banks are also largest political donors)
Wut
Dr Phil is still a thing? These cat ladies, bro...
Epic
They will listen to anyone won't they?
The closer a business is to banks the more it benefits from the volume coming from the money creation spigot. That means salary and investment in proximity to banking activity will always been weighted higher than peripheral activity
Woah woah @Perihelion - CA cool it with the anti semitic remarks
So what you're saying is infinite growth or bust?
Infinite inflation is a transfer of wealth from those not in connection to new loans to those recieving new loans. Even if you dont play, you still pay.
Economic advantage is always to the new loan takers who are chosen by lenders.
Give it to me straight, doc, is our economy doomed?
Yes
No. You dont kill the milk cow.
Keynesian economics doesnt work
We will eventually hit massive levels of inflation
QE90
Maybe. Only if they want to roll out a new policy
No doubt theyll f it up eventually but not by necessity
I think the fed was a massive mistake
Andrew Yang knows the way
Its a genius rigged game where you cant not play
Ugh...my friend prattles on about him way too often
Honestly we should try to get into it. Power to create new money is the ultimate in capitalism gayplex
I think the bankers know this can't go on.
Commune time
It literally can go on indefinitly
There is no plan to pay off the nat'l debt
I don’t think they plan for it to last
There is a plan. Inflation and war
They leech off of us until it collapses
ya boy here just locked down a study date
And they aren't in "full control" of the money, ya know. They're trying to work the numbers the best they can
Nomads gonna Nomad
Then they move to that other country in which they hold citizenship