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Joined 1 year ago
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Cake day: June 13th, 2023

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  • To be honest, it’s not even the “they came for you” bit, they are just coming for themselves now. I mean, if the orange idiot succeeds in dismantling NATO and imposing sanctions on US trade, China will def be the new leading superpower.

    NATO is what props the dollar up. They are trying to undo the change in foreign relations the US made in WWII, and they will def get back to the pre-WWII US as a result.





  • So if I understand correctly, the reason it’s outdated is not because we don’t need those pesky banking regulations any more, but that it has been found that banks will just take out their own loans to cover the reserves they need from the central bank, so they can just lend as much as they want, no seatbelts. And the central bank will never run out of loans to give, since they have insane reserves, in their own currency it is technically unlimited.

    So money is not really the thing we think it is. If banks overextend themselves and fuck up, the only thing we’ll see instead of failing banks is runaway inflation in the consumer and asset (housing) markets. Wonder where I’ve seen that.