cm0002@lemmy.world to Lemmy Shitpost@lemmy.world · 7か月前Luxury bones? In this economy.lemmy.mlimagemessage-square43fedilinkarrow-up1897arrow-down111cross-posted to: Memes@europe.pub
arrow-up1886arrow-down1imageLuxury bones? In this economy.lemmy.mlcm0002@lemmy.world to Lemmy Shitpost@lemmy.world · 7か月前message-square43fedilinkcross-posted to: Memes@europe.pub
minus-squareturnip@sh.itjust.workslinkfedilinkEnglisharrow-up5arrow-down1·7か月前The further you get from the gold standard the worse it gets. Because debt needs to grow to pay past debt, and mortgage debt is what we use to boost GDP.
minus-squareiknowitwheniseeit@lemmynsfw.comlinkfedilinkarrow-up5·7か月前Debt is not a force of nature. Money is owed to someone.
minus-squareturnip@sh.itjust.workslinkfedilinkEnglisharrow-up2·edit-27か月前The bank. Who pops money into existence out of nothing with no reserve requirement. You’re mortgage isn’t borrowed from Bill down the street, its created from the ether.
The further you get from the gold standard the worse it gets. Because debt needs to grow to pay past debt, and mortgage debt is what we use to boost GDP.
Debt is not a force of nature. Money is owed to someone.
The bank. Who pops money into existence out of nothing with no reserve requirement.
You’re mortgage isn’t borrowed from Bill down the street, its created from the ether.
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