Content
@
0 reply
0 recast
0 reaction
Tay Zonday
@tayzonday
Americans ought to be clear that national debt only comes from one thing: anointing private bankers to print public money as an I-O-U. Without enshrining that religious tithe into law, public debt is as real as the Tooth Fairy or Santa Claus.
4 replies
1 recast
9 reactions
meta-david 💥| Building Scoop3
@metadavid
You deposit $100 at a bank. The bank lends $90 of that to someone else. Even though you have a deposit of $100, there's another person who received $90, so there's a total of $190 circulating in this micro-economy. That's how banks print money. But most people don't realize that. 💯
1 reply
0 recast
0 reaction
Tay Zonday
@tayzonday
This is true. Fractional reserve banking is mathematical sacrilege that historically followed the Federal Reserve on the timeline of “Use government to make Adam Smith’s capitalism, which tends toward equilibrium, an Neo-Feudalist oligopolist circus unaccountable to reality.”
0 reply
0 recast
0 reaction
