Message from @Asdrubal

Discord ID: 640278888248901644


2019-11-02 19:57:23 UTC  

The writing is on the wall for the global financial system @DrRisen

2019-11-02 19:57:35 UTC  

There's always talk of recessions

2019-11-02 19:57:39 UTC  

I've already explained this in <#587015719141507102>

2019-11-02 19:57:43 UTC  

With actual data

2019-11-02 19:57:46 UTC  

But the global economy won't crash any time soon

2019-11-02 19:57:50 UTC  

TBTF

2019-11-02 19:57:53 UTC  

*are you stupid*

2019-11-02 19:58:07 UTC  

No u

2019-11-02 19:58:08 UTC  

everyone said the same thing back in 08

2019-11-02 19:58:12 UTC  

*read the huge report I made in <#587015719141507102>*

2019-11-02 19:58:33 UTC  

It's retarded fearmongering

2019-11-02 19:58:42 UTC  

All we have to do is just wait it out for the singularity

2019-11-02 19:58:42 UTC  

Its data

2019-11-02 19:58:46 UTC  

That cant be ignored

2019-11-02 19:58:48 UTC  

@Asdrubal Finances are just made up numbers. If it collapsed we’d mutually agree to reset financial relations with each other and outlaw anyone who didn’t want to, then we would survive, the outlaws would collapse further, we would take over the outlaws, and the cycle would continue.

2019-11-02 19:58:48 UTC  

And just live in some hedonism

2019-11-02 19:58:55 UTC  

^

2019-11-02 19:58:58 UTC  

TBTF

2019-11-02 19:59:05 UTC  

Too big to fail

2019-11-02 19:59:12 UTC  

Same thing happened in 08 buddy

2019-11-02 19:59:42 UTC  

*god you are ignorant*

2019-11-02 19:59:45 UTC  

Government causes recessions and then tries to do a shitty job picking up after themselves

2019-11-02 20:00:44 UTC  

At the end of the day the financial institutions care marginally more about survival than profits. If they are about to die, they will attempt to survive. You talk like you think financial institutions have firmly held ideals and beliefs.

2019-11-02 20:01:12 UTC  

So you believe Deutsche bank will survive?

2019-11-02 20:01:14 UTC  

Also the Fed basically ensures that there cannot be a universal financial meltdown. Them and the FDIC

2019-11-02 20:01:19 UTC  

at least in the USA

2019-11-02 20:02:00 UTC  

I believe the financial institution as a whole will, some will die due to incompetence, and others will take their place. @Asdrubal

2019-11-02 20:02:06 UTC  

*DB has 49 trillion dollars or 43.5 trillion euros in unpaid derivatives*

2019-11-02 20:02:26 UTC  

*the US has over 200 trillion dollars in unfunded liabilities*

2019-11-02 20:04:07 UTC  

It wouldn't matter

2019-11-02 20:04:27 UTC  

The Fed can control money supply in the USA which is all that matters

2019-11-02 20:04:37 UTC  

There cannot feasibly be a total financial meltdown in the USA

2019-11-02 20:05:38 UTC  

If we really wanted to we could reject any owed debts as a nation and the world would just have to eat it.

2019-11-02 20:05:56 UTC  

Defaults

2019-11-02 20:06:05 UTC  

But realistically we’ll just have an unlimited debt ceiling.

2019-11-02 20:06:18 UTC  

It’s the most diplomatic thing to do.

2019-11-02 20:06:22 UTC  

And since we have a fiduciary monetary system we'd be fine

2019-11-02 20:06:33 UTC  

FDIC would insure deposits for most Americans

2019-11-02 20:07:45 UTC  

I mean, a little inflation might occur if they pay out, but not any major issues if we handle it correctly. @Orson Krennic

2019-11-02 20:08:40 UTC  

The Fed would curb inflation quickly in this scenario

2019-11-02 20:08:54 UTC  

If the global market just like died