JBee
Well-known member
- First Name
- JB
- Joined
- Nov 22, 2019
- Threads
- 18
- Messages
- 4,752
- Reaction score
- 6,129
- Location
- Australia
- Vehicles
- Cybertruck
- Occupation
- . Professional Hobbyist
What other side of the balance sheet??And you don't seem to care about any other side of the balance sheet than that one.
I have never seen or heard of the fed money being destroyed, except for cash notes that are taken out of circulation, but continue to exist in virtual balance sheets.
A most definite yes. Every country has been pumping fiat like there's no tomorrow. I would like to see one that didn't. Same global monetary policy. All money markets are manipulated, but mostly from so sovereign governments. They are corps-o-rations like any other.Did every country in the world magic up cash to spend?
Hence EMs resistance to the gov. handouts and he welcomes the correction and is preparing for it.
But regardless of who exactly is "profiting", all currency creates value liquidity that ultimately flushes value through to the top corporations, that in turn lobby governments for benefits to themselves. These funds are then artificially multiplied, by being borrowed into existence through fractional lending and pedaled as "payment notes", but in reality are "debt notes" on society, that need to be repaid by people like you and me.
Every product or service stems from the economy of people, hence no debt can ever be repaid by corporation or government without actual physical people providing the repayment through private personal effort. This is why "they", the gov, fed and corps, are borrowing from "our" personal future. Not theirs, ours.
In any case the conversation should not be detracted by high school economics, in that it is very real that a correction is occurring and is likely to continue and everyone would be wise to make adjustments accordingly, not just Tesla.
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