• 10 Posts
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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  • So if I understand correctly, the reason it’s outdated is not because we don’t need those pesky banking regulations any more, but that it has been found that banks will just take out their own loans to cover the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.





  • And yet if not for his actions, it would have never come to light that the US military murdered a bunch of innocent people including Reuters journalists in 2007. I know it sucks how Wikileaks curates info, and ideally this should be handled in a way that’s less exploitable by foreign governments, but to me, it seems they are vigilantes doing stuff because the US justice system wouldn’t.

    I mean, look at the Trump prosecution. If you had proof of the DNC doing its antidemocratic shit to prevent anyone who is not in big corp pockets getting elected, does the Trump prosecution inspire confidence that if you just made a police report, anything would happen?