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The infinite Global fiat money glitch...
Posted on 8/8/26 at 12:45 am
Posted on 8/8/26 at 12:45 am
Governments worldwide print money and buy each other's bonds..
It's been going on for awhile. The proverbial can that's being kicked truly boils down to this one thing.
It's been going on for awhile. The proverbial can that's being kicked truly boils down to this one thing.
Posted on 8/8/26 at 12:57 am to FAT SEXY
Untethered from the gold standard, we inflate...........
Posted on 8/8/26 at 6:31 am to FAT SEXY
quote:
Governments worldwide print money and buy each other's bonds.. It's been going on for awhile. The proverbial can that's being kicked truly boils down to this one thing.
If gets worse when no one buys the bonds and the government or reserve bank is forced to buy it’s own bonds backed by paper.
Posted on 8/8/26 at 6:51 am to Tarps99
… the difference between currency and money
This post was edited on 8/8/26 at 6:53 am
Posted on 8/8/26 at 8:11 am to cadillacattack
The collapse of the fiat system is coming, slowly but unwavering in its destination. All of the "experts" say that all of the fiat currencies are on the way out. The canary in the coal mine is Japan. Theirs is the first domino to fall.
Posted on 8/8/26 at 8:45 am to FAT SEXY
Have yall ever read about the geniuses running the place and their collective subscription to Modern Monetary Theory (MMT)?
Economist
You need a sub to read it^^, but AOC and Bernie are believers cited.
Investopedia
These are the retards running our policies, which is as far from Austrian economics as we can get.
Economist
You need a sub to read it^^, but AOC and Bernie are believers cited.
Investopedia
quote:
Modern Monetary Theory (MMT) posits that sovereign governments can print money for spending without relying on taxes.
Government spending is constrained only by real resources, not by deficits, according to MMT.
Critics argue MMT underestimates inflation risk and economic complications.
MMT suggests taxes manage inflation, challenging traditional tax-spending roles.
MMT is cited in policy debates about funding public programs like universal healthcare.
These are the retards running our policies, which is as far from Austrian economics as we can get.
Posted on 8/8/26 at 12:05 pm to FAT SEXY
The BOJ owns >50% of all JGBs.
Posted on 8/8/26 at 12:14 pm to BamaCoaster
quote:
Have yall ever read about the geniuses running the place and their collective subscription to Modern Monetary Theory (MMT)?
They base their theory on fiat currency value being psychological, but then refuse to apply that same psychology to a fiat currency created specifically to be destroyed.
Posted on 8/8/26 at 7:23 pm to FAT SEXY
Not completely true we buy way more of our own debt than other countries. So we’re not really propping anyone else up, mostly just ourselves.
Posted on 8/9/26 at 8:06 am to FAT SEXY
And balance currencies / exchange rates so as to modulate imports/exports costs / inflation…across world.
All built around power calendar (elections in free world). Bessent says ST bonds to cover $750bln or whatever the deficit is so as to not disturb LT interest rates (mortgages) to keep voters happy.
My Civics class in HS left all this out.
All built around power calendar (elections in free world). Bessent says ST bonds to cover $750bln or whatever the deficit is so as to not disturb LT interest rates (mortgages) to keep voters happy.
My Civics class in HS left all this out.
This post was edited on 8/9/26 at 8:17 am
Posted on 8/9/26 at 9:21 am to RoyalWe
quote:
Untethered from the gold standard, we inflate...........
Any nation using a fiat monetary system without a balanced budget mechanism to restrain out of control government spending will arrive at the same point.....insolvency, bankruptcy and financial collapse.
Posted on 8/9/26 at 10:25 am to Bass Tiger
quote:Yes, this is why we are doomed in the long run. Based on personal experience, collapse will happen in my lifetime because I have shitty luck.
without a balanced budget mechanism
Posted on 8/15/26 at 5:18 pm to RoyalWe
quote:
Based on personal experience, collapse will happen in my lifetime
Yep, but it is not your luck. All fiat currencies collapse. Gold is money. Silver is money. Dollars are debt notes, a promise made to us by people that lie to us daily.
the top of our dollars says Federal Reserve Note. I would bet over half of Americans know the federal reserve is a private corporation and not a govt. entity.
The dollar is now worth less than $.03. The continual printing, causing inflation, began in 1971 when we went off of the gold standard. It will finally end when people no longer have faith in it, due to the purposeful inflation.
Japan will be first followed by Europe, then us. Once it starts it will arrive in qualifying time so buy your gold and silver now.
Posted on 8/15/26 at 6:26 pm to Hangit
quote:and do what with it? Roll around in it like Scrooge mcduck?
Once it starts it will arrive in qualifying time so buy your gold and silver now.
the dollar will not be allowed to collapse. “Money” is just an agreement between parties to exchange currency for goods and services. If you truly believe that paper money is going to go away then the only other means of exchange is the barter system.
The world is not going back to currency backed by a metal you dig out of the ground, which has no intrinsic value other than its use as a consumer good or an industrial material
Posted on 8/16/26 at 1:40 am to cgrand
Name one thing with a better monetary track record than precious metals..
Newsflash for the class: He won't be able to.
Gold transfers wealth between so many systems.. Once you realize that and couple it with the historic trust that the world gives it you might suddenly understand why some of us want to own it.
It doesn't matter which unit of measurement we decide to use as currency..
Gold will backdrop it and track it on any switch.
Newsflash for the class: He won't be able to.
Gold transfers wealth between so many systems.. Once you realize that and couple it with the historic trust that the world gives it you might suddenly understand why some of us want to own it.
It doesn't matter which unit of measurement we decide to use as currency..
Gold will backdrop it and track it on any switch.
This post was edited on 8/16/26 at 1:56 am
Posted on 8/16/26 at 7:14 am to cgrand
quote:
and do what with it? Roll around in it like Scrooge mcduck?
Stack it and wait.
quote:
If you truly believe that paper money is going to go away then the only other means of exchange is the barter system.
The BBB established a digital currency system. Did you think that was just for grins? That was for a massive global currency reset.
Try coming at me a little nicer, instead of like a dick, then maybe I'll let you hold an ASE after the collapse.
Posted on 8/16/26 at 7:21 am to FAT SEXY
quote:
Gold transfers wealth between so many systems.
Well yeah, but if this was true, central banks, worldwide, would be stacking gold and silver as we speak.
Posted on 8/16/26 at 7:49 am to RoyalWe
quote:
Based on personal experience, collapse will happen in my lifetime because I have shitty luck.
Aren't you retired in your 50s with an 8 figure net worth?
Posted on 8/16/26 at 8:12 am to JohnnyKilroy
Regardless of how much anyone has, what’s zero times any number?
And your estimate is flattering, but wrong. My finances have nothing to do with the argument. If you disagree with the point, argue the point. If you want to worry about how much other people have, here's a club that would love to have you.
And your estimate is flattering, but wrong. My finances have nothing to do with the argument. If you disagree with the point, argue the point. If you want to worry about how much other people have, here's a club that would love to have you.
This post was edited on 8/16/26 at 8:52 am
Posted on 8/16/26 at 8:44 am to cgrand
quote:
and do what with it? Roll around in it like Scrooge mcduck? the dollar will not be allowed to collapse. “Money” is just an agreement between parties to exchange currency for goods and services. If you truly believe that paper money is going to go away then the only other means of exchange is the barter system. The world is not going back to currency backed by a metal you dig out of the ground, which has no intrinsic value other than its use as a consumer good or an industrial material
The majority of man’s history shows the exact opposite, but I genuinely hope that you’re right.
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