Wait... We have infinite money?

[Lexington Steele]

Bloomberg - Are you a robot?

I thought we needed to budget carefully?

I thought the deficit actually mattered?

I thought we couldn't possibly afford healthcare and education?







































































Oh, he means the infinite money is only for bailing out rich people when they lose betting on crypto scams.

 

[jdubnyce]

No I didn't watch

No I'm not a robot

And as long as there are mint presses, money is infinite

Flood the system with cash

Nothing will go wrong

 

[CopiousX]

I mean, yes it kinda is. fiat currency isnt tied to anything tangible, except to the general faith in the system by its users.



Even the concept of debt is somewhat amorphous and made up , cause nothing will happen if we dont pay back the owed amount to the federal reserve. They dont have an enforcement wing. Though debt to holders of bonds is a real thing.


But it is worth noting that even though all the govts on earth are using imaginary money, the idea of scarcity of this imaginary resource is a real thing. If the Bank of England is printing less of its imaginary money than we do , then the value of our imaginary printed money is lowered, making it difficult for us to trade our infinite money for their infinite money. You see this play out in places like zimbabawe where they took your concept of infinte printed money too seriously and destroyed the value of their imaginary money relative to every other country’s imaginary money.

 

[Kings County]

technically it is infinite
but printing excessively will have devastating effects down the road the more they print

 

[UWasntThere]

Until it comes to helping black people

 

[Fiji Water]

Yeah but if you use that cheat code and save the game, you can't 100% the game.

This means you don't get the tank on Grove St. or the hydra on top of Sweet's house. Additionally, it might corrupt your file even on PC.

 

[Lonj]

It was a wrap once we went off the gold standard.

Now we got Blofeld looking cacs telling us they can print infinite money, no problem.

 

[Starman]

Dollars are about to be worth as much as Coli Cash.

 

[Afrodroid]

Money and credit are infinite, resources are not.

Cacs literally print money and give each other pornographic amounts of credits so they can build networks that keep them from falling

 

[Neo. The Only. The One.]

I mean, yes it kinda is. fiat currency isnt tied to anything tangible, except to the general faith in the system by its users.



Even the concept of debt is somewhat amorphous and made up , cause nothing will happen if we dont pay back the owed amount to the federal reserve. They dont have an enforcement wing. Though debt to holders of bonds is a real thing.


But it is worth noting that even though all the govts on earth are using imaginary money, the idea of scarcity of this imaginary resource is a real thing. If the Bank of England is printing less of its imaginary money than we do , then the value of our imaginary printed money is lowered, making it difficult for us to trade our infinite money for their infinite money. You see this play out in places like zimbabawe where they took your concept of infinte printed money too seriously and destroyed the value of their imaginary money relative to every other country’s imaginary money.

I always wondered why Zimbabwe didn't just burn some money, in order to raise the value of their fiat. Or is that not possible?

 

[MajesticLion]

In every single Frontline episode that man has been in, he confirms himself to be the absolute definition of an academically crippled idiot.

 

[CopiousX]

I always wondered why Zimbabwe didn't just burn some money, in order to raise the value of their fiat. Or is that not possible?

It takes both the confidence of the world and the confidence of your own people. Its fine to take money out of circulation. Our own treasury does that routinley as a matter of fiscal policy. And it does raise the money’s value.


In fact Zimbabwe scrapped the entire system and more or less “burned” the entire money supply with new currencies not once, but twice. Sadly, it didnt help. the issue is that the populace had lost faith in the govt behind the currency, so no matter how much money was taken out of circulation it was garbage. The assumption was that the govt would eventually abuse the new money if the populace accepted it, so the citizens bushed it entirely and used US dollars and rands. So even if the global community accepts your new currency at the higher rate, its equally as useless if your citizens dont use it.

 

[bnew]

 

[Lexington Steele]

So if we have infinite money we could cancel student loans right?

 

[The Plug]

why the fukk are his eyes so big?