Thread #533320617
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https://x.com/cb_doge/status/2045000631082197220
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>>533320617
>You stand to win everything
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>>533320709
>>533320709
Lmao look at this slave of cock
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In the interview with the nexium guy she was blushing and smiling and shit, how did that nerd get a self-creating harem?
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>>533320881
That one is Allison Mack, this one is Ghislaine, they probably met at some point
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It certainly makes more sense than the dumb shit Musk was going around saying over the last couple of years, that the US "was going bankrupt". There is clearly some organized thing within right wing power networks that you have to lie about how money works if you want access to their circles.
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Elon is such a fucking dumbass. If he believes that production will outpace US money printing, he’s delusional. He also seems to forget that deflation would make US debt even more difficult to pay back, and if the US debt is perceived to be even more insurmountable, bond yields and interest rates will rise accordingly, and this would just offset the deflation. He is also somehow forgetting that in a deflationary environment, wages are adjusted downwards, so the while a consumer’s purchasing power might briefly rise, it will ultimately revert to what it was previously.
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>>533322254
All of the US debt is denominated in the currency of which the US is the sole manufacturer. The Treasury and the Fed are monopoly operations -- they can set yields and rates wherever they want.
>but then no one will buy a bond!
Who cares? Selling bonds is not required for the money system to function. The government isn't borrowing money. It spends its own money into existence.
https://www.youtube.com/watch?v=pex89N9Oqog
https://www.youtube.com/watch?v=JGuNpqYBkZk
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>>533321785
It hurts me when they steal my taxes to bail out "too big to fail" corporations and banks in order to protect the wealthy's gambling money. Then they set up protections for such companies so that none can compete with them while politicians make backdoor deals to gamble on the outcomes they know will occur. Apart from protectionism for the elite, I don't have a problem with the rich.
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>>533322607
By creating the money necessary to fund itself (in the absence of the money flow generated by institutional investors, foreign investors, and retail), the government would inflate the money supply. You would not have deflation. That’s my point. You cannot have a deflationary environment in the United States in which everyone becomes high income, at least not with the current debt burden.
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>>533323065
You're not thinking correctly. All of the money ultimately originates with government spending. Even privately created bank money happens through a government created charter that allows them to create deposits.
Bond sales don't do anything to manage inflation. This is categorical nonsense. Bond sales are a risk-free return to the asset owning class -- they are a favor to the rich. Maybe in the case of pension funds, bonds are good. But it's a policy choice.
The US government never needs financial investment from anyone. It has no shortage of money nor can it ever, unless it stops existing.
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>>533320617
>UHI
My little goyims are dreaming big.
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>>533321231
Probably bugs and pod if the elite decide you're useful to them. Otherwise you'll get killed through war, famine or disease.
People already started attacking them physically.
They're almost done stripping you of and value you provide them.
At this point you're nothing more than a data point in a data center somewhere and the revenue add agencies pay for it is all that's keeping you alive for the elite.
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>>533320617
>Just buy into my IPO, vermin!
Shan't.
None of these guys racing to be the first Trillionaire want abundance for Everyone. It runs counter to their very efforts.
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>>533320709
Huhh come the fuck on. If we get Universal High(-ish) Income instead of just getting exterminated it'll already be pretty fucking good by historical standards. Unbelievably good actually.
In any case girls are just going to join the harems of the men who still have jobs. And/or make OnlyFans and make WAY more money than the average man. It's pretty much unavoidable in a low jobs future. Just forget about it unless you have very good genetics.
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>>533323310
You’re just not right about this. In the absence of money injection, the US would need to create its own money to pay its debts. If you’re correct, why doesn’t it just do this? Why not just digitally create 40 trillion dollars and pay off the debt? The answer is obvious: it would devalue the dollar and inflate the economy.
Why do you think there is a panic when 10 year treasury yields rise? Why would the US fight so hard to preserve the petrodollar if US treasury sales didn’t matter? Of course the US needs the bond market—it needs to keep this Ponzi scheme going somehow. The issue is not a shortage of money—the issue is that it needs that money to come from a supply that already exists. Nobody thinks that the US is incapable of printing money; it obviously can.
It’s just a little silly to argue that the bond market doesn’t matter.
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>>533323310
"No shortage of money" = infinite inflation and we collapse when our money is worthless
Not to mention even if what Musk says comes true-ish and there is an immense increase in goods and services, people will then start breeding more to increase consumption as they enter this fabled no-stress high income state of being. Consumption and supply will then reach a new and ever increasing inflation of its own while the money printed to track it will become increasingly irrelevant.
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>>533323853
Its simply too good to be true.
And when was the last time western leaders actually had the interests of their own people in mind?
Long before I was born and I think that's now nothing more than a distant memory.
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Our boy Elon "The Based Billionaire" Musk is more based than you might realize.
“Mass immigration is insane and will lead to the destruction of any country that allows it. It only takes a few percent of the world to move to a country, where it is no longer that country. A country is its people, not its geography.”
https://x.com/iamyesyouareno/status/1908860526400057534
"The legacy media never mentions white genocide in South Africa, because it doesn’t fit their narrative that whites can be victims"
https://x.com/elonmusk/status/1904065163407368212
Even Musk's AI is based.
https://x.com/elonmusk/status/1916042294018666585
"The ADL is a hate group"
https://x.com/elonmusk/status/1973289543848829225
He supports remigration.
https://x.com/elonmusk/status/1997700657546191314
"A government that fails to protect its citizens is illegitimate"
https://x.com/elonmusk/status/1998131134753062943
"Either the suicidal empathy of Western civilization ends or Western civilization will end"
https://x.com/elonmusk/status/2000078735622721927
"Why is Western media so anti-White"
https://x.com/elonmusk/status/2000604195272163517
"Call them out for the anti-White racists they are every time they do it"
https://x.com/elonmusk/status/2000920169531822091
"Anti-White, anti-male discrimination ends now"
https://x.com/elonmusk/status/2001022917610758555
Says DEI, and not hiring white men, is wrong.
https://x.com/elonmusk/status/2001529481677435100
"Why is legacy media so racist?"
https://x.com/elonmusk/status/2002604827134787629
****|!|- The last time Elon was accused of wanting to import infinity jeets he replied with "False" and said the H1B system should be reformed. -|!|****
https://x.com/elonmusk/status/1996214327670648865
"Feeling extra based today, might regret it later, but it feels so good"
https://x.com/elonmusk/status/2003503573448159495
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THIS DOES NOT MATTER!
Humand don't care about being rich,
only about being richer.
It's all about being better, relative wealth and income, not absolute one.
If everybody gets a gift of $1M every year then everybody is rich, but being rich doesn't mean anything anymore.
People will find other ways to be better, other ways to humiliate others, because being better is what people crave, not being equal.
How will people determine who is superior in social status, who gets the genetically best or more sexual and reproductive partners?
People will find ways to compete, to be at war with each other.
If everybody is rich, you only make money meaningless.
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>>533324082
The US DOES create its own money to pay its debts. Are you somehow under the impression that it is not doing this? Every monetary sovereign does this.
When a foreign country buys a Treasury bond, what are they doing? They are transferring their US dollars (because you can't use any other currency to buy treasury bonds) from their checking account (reserve account) to a savings account (securities account). How does the US then pay back that interest? They just mark up the account.
>Why woul the US fight so hard to preserve the petrodollar
Probably because reserve currency status grants exorbitant privilege in what you can purchase for what you put in.
It applies to every single monetary sovereign that they can always afford to purchase anything that is 1) for sale and 2) priced in its own currency. Reserve currency status essentially prices everything in US dollars, so everyone will always want to take it regardless of what the US is or isn't actually producing.
But requiring anyone to buy a bond has nothing to do with this process at all. US, Britain, Canada, China, Australia, Russia, etc. None of these countries ever need anyone to buy a bond.
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People need to start structurally understanding what the debt is.
The US issues the dollar out of nothing. It creates them. The very act of doing this creates a debt -- what the bond sale does is change the form of this debt. From non-interest bearing (currency) to interest bearing (securities).
So let's imagine there is $0 in the economy. And the US spends $1T into the economy. There is now a $1T debt. The only way to clear this debt is to remove all of the money from the private sector. Or to run a large enough current account surplus (this means trade surplus with foreign countries) so that the foreign countries are in deficit to you.
Because of the logic of double entry bookkeeping -- every asset is an equal liability -- someone is always going to be in deficit and someone is always going to be in surplus. There are good arguments that you don't want to be in deficit long term, something reserve status complicates (you can read the Trump administration's own writings on this), but this doesn't change the underlying mechanics.
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>>533324357
lol
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>>533324536
>Its simply too good to be true.
Yep.
It's probably going to be a neverending cycle of "you're being ground into dog food and UHI didn't happen yet because you didn't let us monopolize enough of the economy and there are still some powers we don't have we gotta fix this and then you'll see we'll make everything right" and UHI will be forever 5 years away or so.