4 ms·
It's largely about inflation. Politicians can arbitrarily write blank checks to 'bail out' as many banks every year as they want, printing as much money as nee
by kayamon 4y ago
It's largely about inflation.
Politicians can arbitrarily write blank checks to 'bail out' as many banks every year as they want, printing as much money as needed, but mostly that money goes to themselves and all their friends. They then lie about having done that, and if you press them on it they'll gaslight you to tell you that was all normal.
As a result, all the world's evil, all the world's scams, they all just kinda bubble upwards. People pay off the debt from one stupid scam by borrowing more money. That money eventually comes from idk someone's 401K fund, which is 'too big to fail', more money gets printed, a bailout happens, and off we all go again.
They shuffle the problems around the world so you don't see them. A problem in California would be a disaster, but if you can successfully shuffle the problem around the world to idk Syria, or uhh Ukraine this year isn't it, then you can simply drop a thermobaric weapon on them and then just carry on again.
As long as there's a lunatic somewhere with his grubby thieving little hand on the money printer, furiously cranking out new dollars or rubles or whatever, then there's always more money to pay off the lies.
Some people think it'd be nice if they could knock that shit off. It's kinda fucking up the world economy. Also some people may have perished.
A form of money that works for everyone should be (a) freely tradable online, (b) backed by a real-world asset such as energy, (c) fair and randomly distributed in terms of inflation, not given to one madman, (d) open source and fully auditable, (e) voted upon by all parties so no one majority can seize power.
We have this now, for this first time in our history, because of the Internet. It'd be nice to finally make use of it for something worthwhile.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"