Message from @Kali Yuga
Discord ID: 544191854489370624
We are reaching levels of density deemed impossible
Dare i say we are to time travel soo
Soon*
the more I work in finance, the more I understand the weird shit they do
When credit card is used the currency is created
Which makes this practice even worse
well that's not _exactly_ true
Thats exactly true
you... have some very interesting ideas about how credit works.
I'm sure they're true at some symbolic level
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
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.
Upon which they draw capital
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
