Message from @Jack Mehoff
Discord ID: 612992409701449729
The fires of Moloch
i might go load that bad boy up
Lel, what do you need humanity or fire for? Talk to Yuria, she'll hook you up with them dark sigils
Thas racis
When you forget to kill the golden night in DS1 and get Londo to be the spooky fucking londo version believe me, you dont miss it for some time
Neither blighttown nor the run back from these very far edges of the lava realm
*Anyway*, what is this negative interest nonsense?
That was straight up cancer
Well it's how we stop society collapsing dontcha know
Man do you want to get into it? I feel like Ben has not gotten what I meant
What kind of backwards AOC level economics has been going on this night?
Okay kids, wanna go on a journey back this chat room?
It all started when.....
The kind that make Sowell cringe
No, give me the short version.
if you do backwards level economics, you can travel backwards in time !
Nah lets cut the crap
Yeah, right back to the USSR.
you can explain what you meant, maybe i havn't fully grasped what you meant when you said you expect the fed to go negative interest
see !
Ben is concerned about increased govt spending (rightly so), especially the spending regarding the welfare system
THAT'S progress, according to libtards <:lolz:480186121897377792>
That's because libtards don't earn anything. So nothing has value to them.
ole crazy Ben and his concern about welfare
Okay, so let's look at the govts solution to increaed spending so far (in the US). How was it financed? By lending money
I watched parts of tfm's monkeynomics video again, he actually mentioned that setting up accounts in tax havens would be the sensible thing to do
and if everything goes down, you just fly away and chill out on the beach xD
i need to rewatch it, he went into some good detail on why not to invest in real estate iirc
Oh, okay, I think i get it and where you might infer negative interest.
Let me reframe for you so the others understand.
So one key assumption of mine is that a govt can lend money from a central bank. Am I right here?
The Fed will never give an overt "negative" interest rate.
That would be paying others to use money. That won't work.
Welp Im in a flood
What will work is *inflation*
Nice Day
By printing more money and flooding the market, they effectively devalue older notes.
Yeah we went over inflation as well, that's just a band aid
If that holds up to be true, in a world with negative interest (that I could see coming, at least we EU fags alrdy have it here) you basically finance urself as a govtand get money for it. Am I a fan of that? HELL FUCKING NO!!!!! I see the risks associated with that