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

I mean

@DarKinGate how dare you. It was a simple credit making game

sex is money, time is money, some shots are money shots

naah its basically Invesment, but they run away

@xorgy give me characterisitc of money

a lot of things are money

Omg

money is something primarily intended to represent a transfer of generic value

Please tell me you never had economics

Cos this sounds like cortez

@Kali Yuga he is right tho 😐

wat

@DarKinGate nope

like, here's the thing

Give me characteristics of money

Wha you gave is agreed definition by banking system

I have paid every creditor who has ever lent me any money, since I was a teenager

so they trust that when I record an obligation, I will make good on it

Cos that worked well beforr