The Coli: Higher Learning Podcast 01DEC2020
- Thread starter DEAD7
- Start date
Who's on it?
@OsO @ORDER_66(its his bday) @OfTheCross
When’s the next one?
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needs more UK 
When you free? We got questions...
Thursday perhaps
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Money is largely debt money. You cannot pay down the debt without deflating yourself into a depression.
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Is the debt a concern? Is the theory we can spend whatever we want sound?
That's a good question. It's rule by (western + chums) consensus so as long as creditors believe we can and if the entry points to the economy are not sufficiently inflationary, belief can suspend reality. For a time at least, within limits.
You have MMT and the FED/Treasury's balance sheet doesn't have to remain solvent.
In short, the rules are made up as they go along. 2008 showed that they will do whatever they have to to support the system and that includes re-writing the rules.
As long as the leading nations continue to agree with each other and work in concert, and given that there is no haven of greater safety for the money to flow to, it remains as open question as to whether it is sustainable.
If it were non-leading nations doing this the money would have fled westward, out of their accounts, or rates would have exploded a long time ago.
USD is still the safest haven ... or is that BTC now
the cac mamba
Veteran
each congress is just gonna kick the can down the road until the debt implodes on some generation's grandchildren
it is what it is
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each congress is just gonna kick the can down the road until the debt implodes on some generation's grandchildren
my point was that you cannot be debt free under debt based fractional reserve banking without extreme deflation + suppressing your own economic growth.
money is (largely) debt. pay back the debt and the money vanishes along with it. money is magicked into the economy as a liability to someone.
the cac mamba
Veteran
i dont pretend to know how money works, i just know we cant keep doing what we're doing forever
but i dont give a fukk about having a bloodline, so as long as i can selfishly enjoy the next 20-30 years with this monopoly money
