Theyâre so eager to kill us all theyâre accidentally trashing security theater, not just actual security. Theyâre throwing out the bathwater with the baby!
I have no idea if digital currency is good or bad because I donât know enough about it but Iâm pretty sure satan isnât involved.
But isnât her all mighty leader heavy into digital currency?
Depends on what you mean by digital currency? If crypto, yeah, bad idea, since crypto is essentially not guaranteed by any government, weâre seeing it doesnât have meaningful security, and not least mining it is super bad for the environment.
But if you use a credit card or a debit card, youâre already using digital currency. In theory every dollar flying around from cards and wire transfers has a physical greenback backing it up, but in reality, most people havenât laid hands on even a fraction of the bills of the amounts theyâve been earning and spending.
Of course, Marge and her ilk have no understanding of any of this, so its âI donât understand this must be teh Satan!â
No, never.
Is that true? I was taught money was âprintedâ by banks being able to loan out more than they had. Would physical even be able to match that?
Anyone wanna place odds this EO favors colleges and companies at the expense of the athletes?
Jesus, this guy was already a piece of shit at 17.
I bet he tortured animals as a kid.
Desai, the White House spokesman, suggested state and local public health departments should trust Trump to follow through on overdose prevention funding because he has made fighting fentanyl a key part of his second term.
Holy shit, they are saying to âjust trust him.â Like that has ever worked. I hate this guy.
Basically, yes. Banks canât print their own money anymore (that ended over 100 years ago), only the federal reserve can. Banks can borrow money from the federal reserve, each other, or from depositors, so there is a finite supply of it, and the financial system is âclosedâ. If the economy slows down (because of not enough money circulating to buy things), or if interest rates are too high (too many people trying to borrow not enough money) the federal reserve injects cash into the system. If inflation is too high, and/or interest rates too low, they can pull money out of the system.
The Fed mainly uses interest rates to manage the economy, but their rate setting only applies to the fedâs lending. Banks are free to set higher or lower rates depending on their own reserves and risks, which is in part why mortgage rates havenât matched fed interest rate movement over the past couple of years.
In theory, every dollar in circulation has a physical equivalent in bills or coins, but I doubt that practically this is the case anymore. So much money moves around and exists electronically that it just wouldnât make sense to have pallets and pallets of physical money sitting in a high security vault on the off chance Bezos wants to swim in his wealth a la Scrooge McDuck.
As an aside, because the government can print its own money at anytime, there technically is no such thing as a deficit. However, it would be a financial apocalypse if the US government were to just print several trillion dollars and pay off its debts. So, I figure Orangalini will order the Fed to do that by Turkey Day.
How did he not get the shit kicked out of him?
However, it would be a financial apocalypse if the US government were to just print several trillion dollars and pay off its debts. So, I figure Orangalini will order the Fed to do that by Turkey Day.
There are a couple of self-declared admirers of nazi history in trumpâs orbit (trump himself supposedly keeping a book of hitlerâs speeches by his bed and, of course, steve bannon and his apprentice stephen miller). At times it almost seems like theyâre trying to The Boys from Brazil only via economics/police-forces, (rather than genetics).
So step one: reestablish the Weimar hyperinflation?
How Hyperinflation Heralded the Fall of German Democracy
@#$!
