130 sats \ 0 replies \ @Brunswick 22 Jul 2022 \ parent \ on: A sad and hopeful evening with economics students bitcoin
The truth is that Keynes was onto something, that the hegemony's fiat can inflate indefinitely so long as it's slow enough to "boil the frog" so to speak. As it states in the declaration of independence:
all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed
Keynes used this statement to it's most perverse ends, and developed a mathematical model under which the level of evil can be measured and scientifically perpetuated.
But to what end? We may look to a misattributed, yet prophetic Jefferson quotation:
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
We see this with Gates and BlackRock today, and throughout the housing 2008 crisis. Banks print currency, prices rise, businesses fail, people lose their jobs, people lose their houses and banks own all the property. Today we are in the "businesses fail" phase of this stack of dominos. Best to pay off your loans today before you can't afford to, but don't forget to stack.
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