What Could Go Wrong?
(media.greatawakening.win)
Comments (43)
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I think they should choose a homeless person.
With no legs, and addicted to meth
Yes!
I am addicted to completely fucking crazy shit coming out of the televised swamp so, Yes!, that would be great.
Probably Hunter Bidens next role
i THINK A CLAIRVOYANT WOULD BE BETTER...doncha' think?
End the FED. Problem solved!!
Good point,they would not be smart enough to fuk us over as bad..
If they accidentally burn it down,that's even better.
Yes.
Affirmative Action is exactly why liberal/communism Fails at everything.
communism is supposed to fail, it's about making everyone equal by making everyone destitute and starving.
Its' a feature, not a bug.
A black, non binary, high school drop out should be diverse enough.
Abolish the fed and fractional reserve banking.
It certainly makes a kind of logical sense. The notion of a lender of last resort that always has money to lend is kind of absurd, and unjust. It means there is an entity with the power to redistribute all the money people have earned and saved. If they inflate to infinity all our savings become worthless.
On the other hand, this financial fiction has made possible an undeniable explosion of material wealth. We've got cities full of skyscrapers and huge power plants and factories because of easily available credit from fractional reserve lending. Without that credit much of modern society that we take for granted would not be possible.
You speak as if magic dollar bills can be planted in the ground to grow skyscrapers. No, franctional reserve lending does nothing to increase material wealth, but only to increase the percieved wealth of the lender.
So how do you build a billion dollar factory without credit? And where do you get the credit if there's no magic fiction money?
How do you pay for something with something that you do not have?
Do you not understand that fractional reserve lending is lending more than you have? As in, I have $10, I loan $100, charge say 8% interest, then you have to pay me $108. How does that increase material wealth? How does that increase the yield of crops? How does that increase the materials that can be mined?
You don't need to LIE about what you have to make that "billion dollar factory". If you think that lying about how much wealth actually existed by fabricating "magic fiction money" was the only way to make that "billion dollar" factory that got made then you are actually mistaken about it costing a "billion dollars". The materials existed, workers worked to provide them, the workers were fed, clothed, housed etc. and all of that wasn't caused by a printing press.
To help you understand further, remember that currency represents wealth. So for example if the population suddenly exploded and we had more people making more things of value, THAT is when more currency should be created. Currency facilitates trade of wealth.
If you're trying to trade wealth that doesn't exist then you're committing fraud. Inflation is creating currency that represents nothing. Fractional reserve lending creates that inflation by making you pay the lender money that the lender never earned.
Do you see why this is dangerous? Why it is only productive for the lender and detrimental to the borrower? If not then I apologize I couldn't make it more clear, I tried to type this a little at a time while at work.
I don't disagree with you about the fractional reserve lending being a kind of legalized fraud, but I don't think you really answered the question about how you build the billion dollar factory without it. The workers building that factory need to be paid now. They can't wait for the factory to be completed and generating profit to get paid. Yes, the workers were fed clothed and housed by a printing press, because that press gave them access to the future money that will be generated by the completed factory. The fractional reserve system gives people access to the wealth of the future now. When it's used effectively it enables rapid economic growth by facilitating the development of large capital intensive projects.
I will tell you one way that these large projects get built without credit. It's by saving for a really long time. That's how some medieval cathedrals got built. They didn't have the ability to borrow a billion ducats to hire workers, so they used what they had over a long period of time. Literally hundreds of years in some cases to complete these structures. We can't take hundreds of years to build a factory to build cars.
So unless you have an alternative to this system of legalized fraud, we're kind of stuck. Unless you're willing to return to a kind of medieval subsistence lifestyle. This system of credit enabled the modern world.
No you're completely wrong about the fractional reserve system being the thing that provides access to the wealth. ANYTHING can be used as currency so long as everyone agrees on what. The British used to use polished sticks for example. Our government can and has issued currency that it regulated itself according to how much people needed in order to facilitate the trade that needed to be facilitated. There was no FRL necessary at all. The problem we have now is that we are using a currency that does not represent wealth because you are forced to pay back more than what they actually had that they could give you in the first place. You are actually giving them most of your wealth doing this in return for nothing. Seriously, how does you paying me $108 in return for the $10 that I was actually honestly able to give you in the first place help anyone other than me in any situation?
All of that stuff that was built could have been built exactly the same using currency issued by our own government instead of by the private Fed. Look into why the British forced the colonies to abandon colonial script by law. Look what happened and then look what the colonies did about it.
Actually the more I think about it the more I realize that you are arguing in bad faith. You really think that we MUST allow fraud in order for us to agree on what to trade with? On what a promise of value is? You're out of your mind.
I don't see why you're being rude. I'm not arguing in bad faith. It's a complicated subject. At least I think it's a complicated subject. Maybe you aren't thinking deeply enough about the implications.
Money should represent a store of value. Like storing extra rice for the winter. But when we want to use money to fund large projects we find there isn't enough of that stored rice to cover all the demands for credit. So either we have a credit crunch which constrains economic growth, or some entity, be it government or banks creates fictitious money not based on real stored value in order to facilitate the economic growth.
You say, "there was no FRL necessary at all" when the government issued their own currency rather than borrow it from a fed bank. And yet the history shows that those colonial scrips issued during the revolutionary era all devalued into worthlessness because the government issued too much of it to pay for their debts. There was no real stored value, no rice in a granary, backing up that paper. It was fictitious money used to facilitate production of goods needed to wage war.
So why is this government money printing substantially different from a fed printing and loaning the fictitious money to a government?
I don't think I have an answer to this problem. I tend to think all money should be based on a tangible asset so that it can be a reliable store of value. I like to think that when somebody works hard and sets aside part of their labor for future needs it should preserve its value, like gold bars in a vault. The idea that someone can eliminate the value of that stored labor at the stroke of a pen is odious and smells like theft. But that concept of money seems to constrain the availability of credit and thus slow down economic growth.
I don't find your assertion that this ceases to be a problem by eliminating the fed and FRL to be persuasive. I think you're just ignoring the issue.
I'm going to identify as a gay black/hispanic trans lesbian jew. How do I apply for this job? Sorry I meant to say ...How I apply fo dis yob?
https://twitter.com/KatiePavlich/status/1628832276778713090?cxt=HHwWhICwge2U45otAAAA
I think they should promote Karine Jean Baptiste as she is fully qualified, and they can find some other loser to entertain us as press secretary🤣😂
Then when the globalist plant sabotages America, we’ll be tempted to blame the stupidity of diversity rather than the malice of globalism.
What? They are going to hire an inept who will crash the Fed???? Is that supposed to scare us?
ruining the country on purpose, when will the sheep see? it's not incompetence, it's malice.
Hire a plumber to be our Fed Chair and we might as well flush everything down the toilet.
Greenspan was probably right that the money supply should be controlled by an algorithm.
Look at the slack-jawed dull-eyed diversity hire occupying the position of secretary of defense if you want a preview of coming attractions.
My Canadian family member that works for Can Gov in hr tells me that one of their highest hiring priorities is location. If you live close you get the job. Hope they can actually do the job. ~{°¡°}~
I definitely hope they identify as a Q person ;)
I read this today but can't remember where so HT to the Anon👉 Basically it said diversity in sports will never happen because their goal is to WIN but in business diversity is pushed because they simply want you & the business or in this case "the government "wants you to FAIL !
Go woke go broke. This is one way to destroy the fed.