I am about to time travel

w8, i'm gonna ask my mom to abort me!

the only way that credit is not going to be backed with money that existed through other legitimate means, is if there is no way to charge it

and in that case, they try to charge back

Ugh you are forcing me to write down nuanced answer. Can we not do that?

I'd like you to start with the nuanced statement

Since you told m to fuck off

instead of just saying that credit cards invent money permanently out of thin air

which is misleading

Nope

Its simple statement of fact

they create a temporary hypothetical transaction

LOL! I always enjoy waking up to find out what new madness will emerge from the mainstream media. Apparently, Trump welcoming Warren into the campaign and saying "see you on the campaign TRAIL' is Trump threatening to have Warren marched by soldiers to her death a.k.a. the Trail of Tears. I couldn't make this up if I tried.

https://twitter.com/realDonaldTrump/status/1094368870415110145

Upon which they draw capital

Kids on red are in jail now

which is reified usually within about a month

there is no permanent effect of credit

Ahahaha

OMG xD

it is no more distorting than any other debt

So banks show fake growth to draw capital and somehow its good

Mkay

no, they show promise

and deliver on it at a rate

Ahahha

which is why people give them money before they need it

which is how they make money

it is pretty simple

Did you study in harvard? That sound like it.

Or any ivy league place

naah man its true

they create agreements, some people trust those agreements, and at a certain rate those agreements turn into real money

Real money

Top kek

yes

Fiat currency is not money

as in real amounts of fiat currency

Debt obligations are not money

@Kali Yuga in my country one of those "credit banks" fcked over people, they took money and run away xD

they're a form of money