Message from @Jeremy

Discord ID: 620483885121142784


2019-09-09 03:57:08 UTC  

oh that was fallout 1 they said that

2019-09-09 03:57:12 UTC  

Ron says it in the intro

2019-09-09 03:57:26 UTC  

I just noted in a related thought I never did finish Fallout 4

2019-09-09 03:57:49 UTC  

Never played 1 or 2 so I wouldn't know. Just doing from what I knew. Ah

2019-09-09 03:59:00 UTC  

anywho, I gotta go goodbye frens

2019-09-09 04:21:37 UTC  

Oh boy I can't wait to play that new capital wasteland mo- Oh..

2019-09-09 04:21:48 UTC  

Why Todd ;-;

2019-09-09 04:27:58 UTC  

War is always changing, @AgentExeider.

2019-09-09 04:30:09 UTC  

I didn't realize Undoomed was here as well.

2019-09-09 04:45:41 UTC  

@Venerable Enginseer Jaqus-C93 tale of two wastelands mod ftw

2019-09-09 04:46:25 UTC  

It basically merges the stories of the vault dweller from 101 with the courier from new vegas

2019-09-09 04:55:37 UTC  

What's up niggers

2019-09-09 04:56:05 UTC  

@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.

2019-09-09 04:57:18 UTC  

@Jeremy we are nothing but a nation of debt at this point lmao

2019-09-09 04:58:36 UTC  

But muh federal reserve

2019-09-09 04:58:38 UTC  

I wouldn't go as far as saying that. We do have a large national debt, but it won't be defaulted on.

2019-09-09 04:59:39 UTC  

Debt has a different meaning everywhere you go.

2019-09-09 05:00:18 UTC  

Whether or not the debts owed are toward efficient investments justifying the former is the question.

2019-09-09 05:00:37 UTC  

By definition the debt cannot be paid back

2019-09-09 05:01:20 UTC  

Debt is based off principle and interest and every dollar in the money supply is principle

2019-09-09 05:01:26 UTC  

Of course it can be paid back, but no one in their right mind would want to.

2019-09-09 05:01:27 UTC  

Lol.

2019-09-09 05:02:08 UTC  

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

2019-09-09 05:02:15 UTC  

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.

2019-09-09 05:02:33 UTC  

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

2019-09-09 05:02:34 UTC  

Ergo, the amount we owe is mathematically more then we can wver have

2019-09-09 05:03:36 UTC  

Better than muh universal college and healthcare tho

2019-09-09 05:04:10 UTC  

money comes into existance when loans are made, either by the fed to the government, or by a bank to an individual or business

2019-09-09 05:04:20 UTC  

money is destroyed when said loans/debts are paid

2019-09-09 05:04:37 UTC  

so if everyone paid their debts, including the government, no money would exist

2019-09-09 05:04:48 UTC  

yet there would still be the looming interest we'd be liable to pay for

2019-09-09 05:04:58 UTC  

this is where austerity measures come into play

2019-09-09 05:05:23 UTC  

the now defaulted loan, the backers of the central banks then ask for resource concessions as a means of paying on the interest

2019-09-09 05:05:37 UTC  

Debts are important but a bloated factorization of it is objectively damaging

2019-09-09 05:06:30 UTC  

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.

2019-09-09 05:06:33 UTC  

this is what I learned straight out the book "Modern Money Mechanics" which is published by the federal reserve board of governors

2019-09-09 05:07:40 UTC  

You also have the money multiplier, a regulation banks are subject to.

2019-09-09 05:07:55 UTC  

the 10% reserve requirement?

2019-09-09 05:07:59 UTC  

that what you refering to

2019-09-09 05:08:02 UTC  

or something else?

2019-09-09 05:08:03 UTC  

So, what they have on deposit, they're allowed to loan up to 10x that amount.