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

It's retarded fearmongering

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

Its data

That cant be ignored

@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.

And just live in some hedonism

^

TBTF

Too big to fail

Same thing happened in 08 buddy

*god you are ignorant*

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

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.

So you believe Deutsche bank will survive?

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

at least in the USA

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

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

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

It wouldn't matter

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

There cannot feasibly be a total financial meltdown in the USA

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

Defaults

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

It’s the most diplomatic thing to do.

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

FDIC would insure deposits for most Americans

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

The Fed would curb inflation quickly in this scenario

If the global market just like died

And our major financial institutions filed chapter 11

They'd be bailed out

Discount rate would go down to 0

It would be 2008 but take longer to get out of

But the system would survive

The only thing that can kill the system is a firesale

@Orson Krennic And of course that’s what bailouts are made to prevent.

Right

You cannot kill the US finance system