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0 sats \ 7 replies \ @NorthKoreanHostage 18 Jan 2023 \ parent \ on: Why the Fed Is Bankrupt and Why That Means More Inflation | Ryan McMaken bitcoin
That's how they describe themselves (the Fed).
It's stupid to adopt their view.
It's smarter to instead adopt the perspective that they're infinitely rich. Because that's what the Fed is. They're the ones who makes the dollars and all the rules about it.
Shift your perspective to the more correct one. I know you can do this. See my point.
Don't buy their bullshit. Pull the wool from over your eyes. The dudes who literally create all the money have infinite money. So your proportional share of that is exactly $0. ($1/$∞)
As they exert their infinite money power, your current share of realized dollars goes down, which is what causes the buying power of all dollars to dilute.
How can you not realize that the Fed (infinitely rich) wants you to think they're bankrupt?
Infinitely rich is an incoherent concept. Currency units are not the same as wealth. They can make more currency units, but you're drinking the Kool Aid if you think that's the same as producing wealth.
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Who's taking about producing wealth? Stay on topic bro.
I'm taking about money.
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Rich means wealthy, but bankrupt does not mean broke.
Try reading the article and actually discussing the ideas, instead of whatever it is you're doing.
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