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When the people who print the real currency are your friends, the people who are supposed to regulate who can print currency are your friends, and the people wh
by recuter 4y ago
When the people who print the real currency are your friends, the people who are supposed to regulate who can print currency are your friends, and the people who lend you massive amounts of real currency are your friends - it is easy to delude yourself into believing that on a long enough time scale some of the plebs will buy your funny money and you will become more liquid and everything will sort of work out somehow.
Money creates more money, so if can can create money that creates more money, we're broadening the economy, expanding it all the time.. (https://www.youtube.com/watch?v=M_3T-Af57Pg https://www.youtube.com/watch?v=M_3T-Af57Pg)
Sort of similar to how Trump said his own net worth fluctuates day to day sometimes based on his feelings since it is tied to perceptions of the Trump name as a brand.
Or how George Costanza said it's not a lie if you believe it.
Or how a gambler who is down is sure he can make it back.
In other words, yeah, as fraudulent as can be. Lets see if anybody actually goes to jail.