In a central banking system, the central bank can create and destroy money from nothing. All banks can do it, though banks that aren’t the central bank need to hold on to a reserve portion which iirc is 10%, so they can loan out (effectively creating) 90% of deposits, which compounds (ie, if you deposit $100, the bank can lend out $90 of that, and if that borrower puts that $90 in their account, then the bank can loan another $81, meaning for the original deposit of $100, now $271 exists, and that $81 can be loaned against, too).
Congress can borrow money from the central bank or other banks. It’s also possible that they could seize the central bank and then just say they have the money and use that, though that’s how Germany ended up with stories of people using a wheelbarrow full of cash to buy a coffee or diners paying when they ordered because prices would have gone up by the time they finished eating.
Are you kidding? Yes, they can still sell treasuries. They will max out the credit before these clowns lose their death grip on the federal government, but we are no where near that yet.
No matter how bad our government is, the other governments are worse. We have never missed a payment. The dollar has remained consistently high relative to other currencies at least. And we make a shitload of money, even if it all gets stolen by rich dickheads that give nothing back from it and chisel us so much it can be easy to forget just how rich this country is from our impoverished places in this system. Relatively impoverished, compared to previous generations. In real terms, inflation adjusted tells us we’ve never had more buying power, unable to afford houses and professional services, and food and insurance and the rest, because they changed the cpi to understate it, 5-8 is average under the unchanged standard, and 2-3 under the new, for 50 years we’ve gotten compound fucked, but that’s another story.
We will definitely be bailing these AI companies out, as long as they are current on their protection monies and kickbacks to mein herr frauleinraper in chief. Probably several bail outs past then, into the new supreme leader after him, before they max out borrowing, and then print money to pay it off and crash the dollar and de facto default. That is probably when they really start eating the rich themselves, when they already stole everything that’s not nailed down, then they start taking down their allies to steal their money, but that’s another story. Debt may be able to get to 100 trillion before it crashes down.
Find out how to crash the stock market with this one weird trick
Then they’ll all get bailed out because they are too big to fail.
With the tax money that they didn’t pay, but their underpaid workers did…
Thanks Obama
How? It’s not like the US government can just sell more bonds like they used to.
In a central banking system, the central bank can create and destroy money from nothing. All banks can do it, though banks that aren’t the central bank need to hold on to a reserve portion which iirc is 10%, so they can loan out (effectively creating) 90% of deposits, which compounds (ie, if you deposit $100, the bank can lend out $90 of that, and if that borrower puts that $90 in their account, then the bank can loan another $81, meaning for the original deposit of $100, now $271 exists, and that $81 can be loaned against, too).
Congress can borrow money from the central bank or other banks. It’s also possible that they could seize the central bank and then just say they have the money and use that, though that’s how Germany ended up with stories of people using a wheelbarrow full of cash to buy a coffee or diners paying when they ordered because prices would have gone up by the time they finished eating.
Are you kidding? Yes, they can still sell treasuries. They will max out the credit before these clowns lose their death grip on the federal government, but we are no where near that yet.
No matter how bad our government is, the other governments are worse. We have never missed a payment. The dollar has remained consistently high relative to other currencies at least. And we make a shitload of money, even if it all gets stolen by rich dickheads that give nothing back from it and chisel us so much it can be easy to forget just how rich this country is from our impoverished places in this system. Relatively impoverished, compared to previous generations. In real terms, inflation adjusted tells us we’ve never had more buying power, unable to afford houses and professional services, and food and insurance and the rest, because they changed the cpi to understate it, 5-8 is average under the unchanged standard, and 2-3 under the new, for 50 years we’ve gotten compound fucked, but that’s another story.
We will definitely be bailing these AI companies out, as long as they are current on their protection monies and kickbacks to mein herr frauleinraper in chief. Probably several bail outs past then, into the new supreme leader after him, before they max out borrowing, and then print money to pay it off and crash the dollar and de facto default. That is probably when they really start eating the rich themselves, when they already stole everything that’s not nailed down, then they start taking down their allies to steal their money, but that’s another story. Debt may be able to get to 100 trillion before it crashes down.
How to harvest trillions in borrowed tax dollars with this one simple trick the taxpayers don’t want you to know about!