Message from @Andrew-KY
Discord ID: 550097077468921886
Budget my months spending, pay it off, build credit (not that I like "credit")
How many people know that if there was no debt the economy would collapse? Given how our finance system works
“Yeah I’ll take uhhhh 2 hour long blackpill stream in general”
#endthefed
Not an economist, but it seems it's built on debt
Debt based economy ftw
Woo! Fractional reserve banking
@DixieBoy76 - KY that's what happens when we discuss circumstances in the current year
maybe money should be backed by labor/service?????
Nah, faith. Thats what currency is best backed by
If we're going to get autistic about economics, I'm going to the gym, lol
Personal currency backed by own manhours and traded on blockchain when?
Oh, economics? *eyes glaze and fall out of head*
Virgin economist vs. Chad gym bro
looks like its time to get off general *economics*💤
This is how jews win. You literally cant think about how they maintain power without falling asleep. Joking but also not.
I like ecenomical discussion. I find it fascinating
there was once a man who had his country's currency backed by labor/service
I like the economy of motion involved in pull ups
My theory? Trash economy. Use little cubes of trash as currency. Everyone becomes rich, pollution ends.
Pull ups are so rare they should be currency
showoff
I'm actually going right now as well.
I have to wait until about 7pm so the after work crowd leaves
Sitting on benches forever, not rackong weights, doing cardio all up on you
I should probably go to the gym. Ive always stayed pretty thicc without exercise so i havent had the motivation since high school
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