[–] 23031778? 0 points 1 point 1 point (+1|-0) ago
Well i mean....two of my normie girlfriends were talking today about money....direct quotes..."Well can't they just print more money?"....."No, that would just mean its worth nothing"......."Like monopoly money". Ding Ding Ding, normies are starting to ask questions now. Especially with all these "stimulus packages" that have announced here in Australia.
[–] 23031302? 1 point -1 points 0 points (+0|-1) ago
This screaming and cheering about ITS HAPPENING in reference to this God damn platinum coin bullshit is making me start to think Q is just fake and gay.
If this is how dumb other Q people are, a half dozen up voted threads on a fucking Rashida Talib proposal, because no one can read or research. One of the same 6 it's happening twatter idiots posts it. Says it's happening. Fuck the fed. So it must be real.
Like fuck... This should be incredibly frustrating to anyone who cares about reality.
[–] 23031041? 0 points 1 point 1 point (+1|-0) ago (edited ago)
I get the general idea. Debt is just a subjective reality, same as profit (but not for individuals like me or you).
BUT, this only benefits Gov and Corps, right? Will it be used for personal debt such as students loans, credit cards etc ... ?
I get it, it up to people to make good financial choices but I argue they made things more expensive (inflation) and killed industries to force consumers to get debt.
Also, if the gov can do this and wipe out debt, will the next admin be able to do it?
If the Green New Deal passes, does that mean they can do this to pay for their plan? Maybe it was about this anyway.
[–] 23030478? 0 points 2 points 2 points (+2|-0) ago
Smells like a rat. Create two trillion-dollar treasury coins, and sell them to the Fed in exchange for fiat? If that happens, and then the Fed and the whole fiat system are destroyed, the owners of the Fed would be left with $2 trillion in real treasury-issued money and proceed to dominate the new system with it. Sounds like they realized that the jig is up on the fiat scam, and this is just the transition to their next scam.
[–] 23031071? 0 points 1 point 1 point (+1|-0) ago
Still makes me nervous. It would require a complete wipe of the slate to erase the value of those coins. As it is, the government owes the Fed a huge amount of money, but the means of creating that debt could easily be ruled unconstitutional, erasing it while leaving everyone's bank balance intact. Much less economic disruption, but still eliminate the need for income tax. I'm having a hard time imagining how a total reset would be possible without instantly bankrupting every business in the country.
[–] 23036558? ago
You do realize that the money you have in savings at the bank is also debt that will be canceled out if this happens. The up side is most people have way more debt than they have savings.