[–] BenKekJr 0 points 10 points 10 points (+10|-0) ago
Fiat currency schemes are ultimately Pyramid schemes as someone noted half-way down. Except with an interesting twist... The moment the population stops growing (or slows) the monetary policy begins to falter. It is a growing tax base in combination with the exporting of debt from the US in the form of a reserve currency that allows the scheme to work.
[–] R34p_Th3_Wh0r1w1nd 0 points 7 points 7 points (+7|-0) ago
A year or so ago reddit's botnet was 15000 strong. I have a screenshot somewhere of an admin caught testing it. 15000 upvotes in less then a minute.
[–] TerrifiedTyphlosion 0 points 2 points 2 points (+2|-0) ago
I'd like to see that screenshot. Need more damning evidence to get my friends away from that website.
[–] Alex_Jones 0 points 2 points 2 points (+2|-0) ago
The "expert" says the US government issues it's own currency. But, the federal reserve, is not a government agency. They don't answer to government, as seen with 2008.
Then the idiot says USD is more valuable than gold. Because "try paying your taxes with gold"? What type of reasoning is this?
The more I vist main subs to Reddit, the more it seems like going to visit a mentally ill or addicted friend. Every visit is worse than the last.
[–] Broc_Lia 0 points 2 points 2 points (+2|-0) ago
Yeah, he's running off typical lefty keynesian talking points. National debt isn't like a household budget, governments can't ever really go bankrupt. No one knows what causes hyperinflation, it's probably just a coincidence that it's linked to massive borrowing and "quantative easing."
To be fair, most of Voat is also financially and economically ignorant. 90% of people I see comment here throw the tired line of "We owe China HURRRRRR amount of money!!! Dey gonna own us!!!" While ignoring that China owes us more than we owe them. I think average people don't understand the scope of economics and just latch on to single or few parts and extrapolate them out over the whole model. Just a little quick note for you goats outside China owing us over $1 trillion: "China depends on the US in a way the US does not depend on China. Nearly 4% of China’s GDP comes directly from exports to the US, while the equivalent figure for the US is less than 1%. There are several other countries that could provide the US with the manufactured goods it gets from China, but China would have real trouble finding an alternative to the US as an export market.
[–] VicariousJambi 0 points 14 points 14 points (+14|-0) ago
First sentence of upvoted shill post
Line where I stopped reading
lmao
[–] TheAntiZealot 0 points 8 points 8 points (+8|-0) ago
I stopped reading at (((KosherNazi))).
Just kidding, I kept reading. Typical college-level economics. He probably got is straight out of an (((economics))) book that was required reading by a professor.
[–] Cant_Call_It 0 points 2 points 2 points (+2|-0) ago
I was lucky with my economics classes. The teacher didn't make it political at all, left or right. It just felt like another math class. That's the way it should be.
[–] Acerphoon 0 points 3 points 3 points (+3|-0) ago
This is what redditors actually believe.
[–] GIF-lLL-S0NG 0 points 3 points 3 points (+3|-0) ago
It is no different than a casino. You will never win more than you will lose. Even a child can understand it.
[–] theBreadSultan ago
Yea....exactly this.
Pity we have some of the finer points of history obfuscated. The first thing great leaders of the past did...like Julius Caesar was to Nationalise the currency.
This is why I'm a big fan of Corbyn. He wants to do this, but obviously can't say it outright to start...but is going to create a national bank solely owned by the government... it's the first step.
When banks create a nations currency through interest laden debt, one must remember the words of Napoleon....
The hand that gives, is always above the hand that receives