Message from @Attika

Discord ID: 683191911971815441


2020-02-29 05:58:08 UTC  

@Attika Unironically too big to fail.

2020-02-29 05:58:14 UTC  

Thats how I knew she was the one

2020-02-29 05:58:19 UTC  

@DrRisen 2008?

2020-02-29 05:58:20 UTC  

Explain

2020-02-29 05:58:21 UTC  

Plz

2020-02-29 05:58:26 UTC  

Banks

2020-02-29 05:59:01 UTC  

@Maksim Explain what, the financial crisis?

2020-02-29 05:59:22 UTC  

Are you saying the economy is too big to fail?

2020-02-29 05:59:33 UTC  

Or the concept of too big to fail?

2020-02-29 05:59:40 UTC  

Im confused

2020-02-29 05:59:43 UTC  

What are you saying

2020-02-29 05:59:54 UTC  

The global economy is too big to fail.

2020-02-29 05:59:59 UTC  

P much.

2020-02-29 06:00:03 UTC  

Wrong

2020-02-29 06:00:11 UTC  

I disagree.

2020-02-29 06:00:15 UTC  

Actually the global economy is quite delicate

2020-02-29 06:00:18 UTC  

They said the banks were too big to fail in 2008

2020-02-29 06:00:22 UTC  

^^^

2020-02-29 06:00:30 UTC  

@Maksim Yeah. They still are.

2020-02-29 06:00:42 UTC  

Crash only prevented because government bailed them @DrRisen

2020-02-29 06:00:44 UTC  

Sure the global economy can withstand basic stuff

2020-02-29 06:00:55 UTC  

But imagine if China goes into civil war

2020-02-29 06:00:55 UTC  

@Maksim Exactly my point.

2020-02-29 06:01:02 UTC  

2nd largest economy in the world

2020-02-29 06:01:05 UTC  

Gone

2020-02-29 06:01:11 UTC  

Global Economy goes kaput

2020-02-29 06:01:11 UTC  

Governments would rather bail it out than let it happen.

2020-02-29 06:01:23 UTC  

And if the government runs out of money?

2020-02-29 06:01:26 UTC  

That is a possibility

2020-02-29 06:01:33 UTC  

In a "complete crash" scenario

2020-02-29 06:01:59 UTC  

Besides, the US has had a partial war economy since WW2. We’d be selling arms to both sides and making trillions. @Attika

2020-02-29 06:02:08 UTC  

Imo banks should be required to have 95% cash reserve

2020-02-29 06:02:41 UTC  

@Maksim They could devalue and replace or make more and give it a set value to the government.

2020-02-29 06:02:51 UTC  

And force the economy to accept it.

2020-02-29 06:03:14 UTC  

Businesses don’t have an alternative. A bad hit and continued existence is better then oblivion.

2020-02-29 06:03:38 UTC  

You can prevent a crash by banning sale of stock

2020-02-29 06:03:40 UTC  

Temporarily

2020-02-29 06:03:41 UTC  

Reeeee

2020-02-29 06:04:07 UTC  

Again, just bail out.

2020-02-29 06:04:37 UTC  

Not like we’re ever going to pay off our national debt anyways. Who the fuck can collect on it? @Maksim

2020-02-29 06:05:18 UTC  

@DrRisen We can pay off the debt easily