Message from @Jeremy
Discord ID: 620483885121142784
oh that was fallout 1 they said that
Ron says it in the intro
I just noted in a related thought I never did finish Fallout 4
Never played 1 or 2 so I wouldn't know. Just doing from what I knew. Ah
anywho, I gotta go goodbye frens
Oh boy I can't wait to play that new capital wasteland mo- Oh..
Why Todd ;-;
War is always changing, @AgentExeider.
I didn't realize Undoomed was here as well.
@Venerable Enginseer Jaqus-C93 tale of two wastelands mod ftw
It basically merges the stories of the vault dweller from 101 with the courier from new vegas
What's up niggers
@AgentExeider, if you desire lowered taxation, then vote for candidates looking toward auctioning off those inefficiently managed, public assets, to create more jobs, new markets, and eliminating the unionist leeches, who like the scum they are, syphon off every dollar you'll pay throughout the year, during a workday in which they're paid for 12 hours of labor, though only engage in 1 hour. Once people relearn these lessons we've had to observe time and again, the current account deficits, of which artificially inflate the value of the USD, would be resolved, thereby making our goods and services more affordable to foreign consumers, propping up domestic industry and slashing foreign reliance. However, this weakens our reserve status, as current account deficits are required for banks to have an interest in holding your debt and dollars in reserve, because you obviously must finance it.
@Jeremy we are nothing but a nation of debt at this point lmao
But muh federal reserve
I wouldn't go as far as saying that. We do have a large national debt, but it won't be defaulted on.
Debt has a different meaning everywhere you go.
Whether or not the debts owed are toward efficient investments justifying the former is the question.
By definition the debt cannot be paid back
Debt is based off principle and interest and every dollar in the money supply is principle
Lol.
No it cant, since if the principle was paid off, no money would exist, so where dies the money to pay the interest cone from
We're not at that point, yet. We've still got another 50 or so years, that is, before we're unable to make payments toward the principle.
nah imo we are I mean literally everything around us is cajoling us into going into debt you got the government grants and shit skyrocketing the cost of higher education which people pay for decades on end then there's cars and shit and at the end of the day in our current paradigm I think Americans are just being bred as financial slaves
Ergo, the amount we owe is mathematically more then we can wver have
Better than muh universal college and healthcare tho
money comes into existance when loans are made, either by the fed to the government, or by a bank to an individual or business
money is destroyed when said loans/debts are paid
so if everyone paid their debts, including the government, no money would exist
yet there would still be the looming interest we'd be liable to pay for
this is where austerity measures come into play
the now defaulted loan, the backers of the central banks then ask for resource concessions as a means of paying on the interest
Debts are important but a bloated factorization of it is objectively damaging
It's more complicated than that, as you have various tools available to the Fed in the form of open market operations and inter-bank loan rates, the federal funds rate, etc, which expand and contract the money supply. The idea is not to have any shortages or surpluses.
this is what I learned straight out the book "Modern Money Mechanics" which is published by the federal reserve board of governors
You also have the money multiplier, a regulation banks are subject to.
the 10% reserve requirement?
that what you refering to
or something else?
So, what they have on deposit, they're allowed to loan up to 10x that amount.