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If I thought there were some actual small cabal of people running the global economy, this is almost like a novel: massive amounts of money entered the economy
by irishcoffee 4mo ago
If I thought there were some actual small cabal of people running the global economy, this is almost like a novel: massive amounts of money entered the economy starting in 2008 and 2020-2023, the rich became insanely wealthy. Their wealth is now all tied up in the 2020s version of the railroad/fiber, we're going to essentially erase trillions of dollars from the global economy and reset.
We sure do need a reset.
- philipallstar 4mo ago[flagged]
- marcosdumay 4mo agoI really doubt the US will erase any money any time soon. The reset is prone to happen by other means.
- irishcoffee 4mo agoI consider myself of average intelligence, and I see this coming. Maybe I assume too much.
- marcosdumay 4mo agoEvery government has complete control on how much of their money exists. If it disappears from the private finance market, it can compensate with any amount it wishes.
- throwaway27448 4mo agoIt would be better to lean into inflation and just dump a ton of money into the bottom of the market to dilute the top. Of course this only makes sense if the government is willing to regulate market control, which it has demonstrated time and time again it will not.
- bobthepanda 4mo agoRapid inflation/devaluation is certainly a way to do it.