Message from @n meowzers
Discord ID: 599458746267074561
there has to be a deficit somewhere
We will likely have to adapt a completely different set of economics, and to do so will need to isolate that system, to prevent dependence
assuming net imports/exports are at zero a public sector surplus necessitates a private sector deficit and vice versa
Alliances are one thing, but allowing other nations into your economy isn't actually helpful, nor stable
What if... lending out money... creates new money...
What if, having loans repaid, takes money out of the economy?
And what if repaying loans takes out more money from the economy that it adds in? <:hyperthink:462282519883284480>
If this hypothesis were true, then there would be economic crashes, whenever there was a period of credit creation, and whenever the credit stopped being created... there was a crash.
Oh fuck
lending out money doesn't create money unless you print it
Uhh
i mean that's basically what happens
the only way it wouldn't mean that is if you had a reserve ratio of 100% i believe
@n meowzers What do you do with money from a loan? You apply it to the economy immediately.
Either way the system we have now isn't looking to be replaced. If anything, they want more debt, and they want to spend more of that debt on migrants
<:ahegon:566797166258028548>
yes
No longer is it a cushion which someday will not support us. Instead, the support is going entirely to minorities, and the very countries who we hold debt to.
If anyone can understand more technical documents
This is how money actually works, according to the Bank of England in 2014.
I saved it in telegram
lmao
then don't
you cuck
The first page is a summary
wait this is saying that they aren't using the money in their savings
but you can't just create money by being a bank
Maybe it will change my perception, but the way I view money now, is that it's essentially a token system, which you exchange for food housing power and clothing. It represents a void in terms of fiscal value.
They're ration tokens
No
Loans literally create money
The bank
Of fucking England
i don't get some of the terms
multiplied up
yeah most money is created by the private sector
and simultaneously does what
Didn't realize that loans de facto create money, until 2014 <:thinkcide2:462282425486147585>
through loans