Message from @Comando

Discord ID: 599459230705254420


2019-07-13 04:31:50 UTC  

Uhh

2019-07-13 04:31:53 UTC  

i mean that's basically what happens

2019-07-13 04:32:21 UTC  

the only way it wouldn't mean that is if you had a reserve ratio of 100% i believe

2019-07-13 04:32:54 UTC  

@n meowzers What do you do with money from a loan? You apply it to the economy immediately.

2019-07-13 04:33:17 UTC  

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

2019-07-13 04:33:38 UTC  

<:ahegon:566797166258028548>

2019-07-13 04:33:39 UTC  

yes

2019-07-13 04:33:56 UTC  

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.

2019-07-13 04:34:05 UTC  

If anyone can understand more technical documents

2019-07-13 04:34:10 UTC  

https://cdn.discordapp.com/attachments/598761542200197120/599458530025668618/money-creation-in-the-modern-economy.pdf

2019-07-13 04:34:52 UTC  

This is how money actually works, according to the Bank of England in 2014.

2019-07-13 04:35:02 UTC  

what if i don't want to read it

2019-07-13 04:35:25 UTC  

I saved it in telegram

2019-07-13 04:35:25 UTC  

lmao

2019-07-13 04:35:28 UTC  

then don't

2019-07-13 04:35:30 UTC  

you cuck

2019-07-13 04:35:57 UTC  

The first page is a summary

2019-07-13 04:36:36 UTC  

wait this is saying that they aren't using the money in their savings

2019-07-13 04:36:47 UTC  

but you can't just create money by being a bank

2019-07-13 04:36:52 UTC  

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.

2019-07-13 04:36:58 UTC  

They're ration tokens

2019-07-13 04:37:09 UTC  

No

2019-07-13 04:37:22 UTC  

Loans literally create money

2019-07-13 04:37:26 UTC  

The bank

2019-07-13 04:37:31 UTC  

Of fucking England

2019-07-13 04:37:42 UTC  

i don't get some of the terms

2019-07-13 04:37:46 UTC  

multiplied up

2019-07-13 04:37:52 UTC  

yeah most money is created by the private sector

2019-07-13 04:37:55 UTC  

and simultaneously does what

2019-07-13 04:37:58 UTC  

Didn't realize that loans de facto create money, until 2014 <:thinkcide2:462282425486147585>

2019-07-13 04:38:06 UTC  

through loans

2019-07-13 04:38:46 UTC  

@Comando rip uk

2019-07-13 04:38:47 UTC  

How is that a good thing, exactly?

2019-07-13 04:38:53 UTC  

Hahahahah

2019-07-13 04:39:20 UTC  

Thing is Muten, this is the same system across the entire western world. The UK just discorvered this first 🤡

2019-07-13 04:39:25 UTC  

wait so are these niggers using your money to make money off of the inflation that they are causing to make more money

2019-07-13 04:39:30 UTC  

the whole system is based on finance capital

2019-07-13 04:39:32 UTC  

I mean I didn't know shit about money until like 10 minutes ago, so them figuring it out by 2014 is much better than me

2019-07-13 04:39:32 UTC  

<:sarGOY:462286263622303754>

2019-07-13 04:39:56 UTC  

oh shit they were the FIRST?