nostr:nprofile1qqsfxkeuza76hnkuj2028vgqt52f9u9fl0d2z25xee3c80hyqfe74lgpzpmhxue69uhkummnw3ezuamfdejsz9rhwden5te0wfjkccte9ejxzmt4wvhxjmc0kuldl enjoyed listening to you with nostr:nprofile1qqsd0uazmzmhws...
@Bradley Rettler @Danny Knowles
I think the main structural issue at hand when you guys were talking about banks giving loans out is that they are “loaning” out money they just created.
it’s not that they have acquired real money, like a pile of gold or bitcoin, and are risking risking it’s loss.
like you said, structurally, they make it up, give it out, and charge interest, and any losses can be papered over by the central bank, if the fed so chooses to bail them out.
that’s the mechanical process that makes our monetary system inherently usurious.
@Daniel Prince and I had a great conversation on usury
debasement and usury: the twin pillars of economic slavery
physical domination vs monetary domination
different matter; same form
fountain.fm/episode/GbE7Us559aG9FBNLAQFM
I think the main structural issue at hand when you guys were talking about banks giving loans out is that they are “loaning” out money they just created.
it’s not that they have acquired real money, like a pile of gold or bitcoin, and are risking risking it’s loss.
like you said, structurally, they make it up, give it out, and charge interest, and any losses can be papered over by the central bank, if the fed so chooses to bail them out.
that’s the mechanical process that makes our monetary system inherently usurious.
@Daniel Prince and I had a great conversation on usury
debasement and usury: the twin pillars of economic slavery
physical domination vs monetary domination
different matter; same form
fountain.fm/episode/GbE7Us559aG9FBNLAQFM
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