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Fed Prints Another $205B This Week, M2 Growing at Fastest Pace on Record

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Re: Fed Prints Another $205B This Week, M2 Growing at Fastest Pace on Record

#151

Earlier quoted context omitted.

A finite supply of Bitcoin doesn't keep it from functioning. Why would a finite supply of gold hamper a financial instrument tied to it? Why does a private corporation not have the right to default on debt? The federal government doesn't owe any debt. The federal reserve does. The days of the petro-dollar are numbered. The massive printing of them right now is guaranteeing it. Why would you try to peg the most common…

This article supports OP's thesis: https://news.ycombinator.com/item?id=22992348

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Re: Fed Prints Another $205B This Week, M2 Growing at Fastest Pace on Record

#152

Earlier quoted context omitted.

This is not how reserve banking works, doesn't reflect how much the US pays to service it's bonds, misses the fact that the fed creates new money and loans it out, it doesn't have obligations it can default on, misses the fact that the US would have to default on its debt to erase it, misses the fact that there isn't that much gold in the world (if the us stole every oz of gold on the planet it would have to devalue…

A finite supply of Bitcoin doesn't keep it from functioning. Why would a finite supply of gold hamper a financial instrument tied to it? Why does a private corporation not have the right to default on debt? The federal government doesn't owe any debt. The federal reserve does. The days of the petro-dollar are numbered. The massive printing of them right now is guaranteeing it. Why would you try to peg the most common…

The claim that the Fed is somehow "private" has been rebutted millions of times. Google has an explainer above its search results: https://www.google.com/search?client=safari&rls=en&sxsrf=ALe.... The structure is a historical artefact with some private elements, but it is entirely controlled by governments and the private banks notionally holding some shares have no voting rights nor do they receive dividends.

Continuing to use this conspiracy theory can only be considered bad faith.

Re: Fed Prints Another $205B This Week, M2 Growing at Fastest Pace on Record

#153

Earlier quoted context omitted.

> At that point, the right wing, funded by the desperate corporate state which needs to stem the rising tide of labor activism, will blame coastal elite liberals and immigrants for their problems and there will be some kind of fascist coup, followed potentially by war, (but probably not). You had me until "funded by the desperate corporate state", who want absolutely nothing to do with the right wing. If anything, we…

The corporate state in Weimar Germany was faced with a popular communist movement, and to defeat it they threw money at the fascists, who they saw as the only credible opposition. But, history never repeats, it may go down differently next time. Just look at how the supposedly left wing media responded to Bernie Sanders. When money is on the line, they will align with the right wing. Plus, left wing is by definition…

> Plus, left wing is by definition a movement that opposes the current power hierarchies in society. Look it up on Wikipedia.

A foolish movement that doesn't recognize that power and competency hierarchies are endemic to nature and are a part of any human organization. The moment the current system is torn down, the rhetoric of the Left fails as it offers no actual method towards constructing anything meaningful - this is left to men who actually build and maintain things, who all recognize the fundamental nature of the hierarchy if anything is to actually be accomplished. A few years after every leftist revolution, there's a shittier version of the same basic hierarchy in place, equality is never achieved, and as many people starve as before.

> none of the people you would call totalitarian liberals are left wing at all

Agreed, they're just the left-side position in the false dichotomy. And probably none of the people you'd consider "right wing" are at all right wing by the standards of the real right, they're just the right-side of the same dichotomy, established to prevent anyone from actually upsetting the applecart in the name of real change.

> They would absolutely support a fascist coup if it was their only way to keep their money, power and influence.

So would just about every normal working class citizen, if they had the opportunity and if the populist values were sufficiently representative of their own. The problem is that fascism has been grossly misrepresented as simply being totalitarianism, when it is actually an ethos and aesthetic towards the upward construction of a nation in the interest of its families that is (obviously) considered undesirable by globalists.

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