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Joined 1 year ago
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Cake day: June 13th, 2023

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  • So if I understand correctly, the reason it’s outdated is not because we don’t need those pesky banking regulations any more, but that it has been found that banks will just take out their own loans to cover the reserves they need from the central bank, so they can just lend as much as they want, no seatbelts. And the central bank will never run out of loans to give, since they have insane reserves, in their own currency it is technically unlimited.

    So money is not really the thing we think it is. If banks overextend themselves and fuck up, the only thing we’ll see instead of failing banks is runaway inflation in the consumer and asset (housing) markets. Wonder where I’ve seen that.














  • The fuck clowns are buying up our culture. It’s hard to not participate in it. I don’t play these kinds of games, but I’ve nothing on people who do. We should beat up the fuck clowns until they serve society again.

    And just to be clear, I am advocating violence in the form of stringent regulations binding corporations towards socially beneficial paths. I advocate for violent anti-trust measures to the point even the execs don’t know who is still working for them and who has been broken off to another company to compete freely. And I want worker protections that cause mind-bending fear in wage thieves.