• null@lemmy.org
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    29 days ago

    Well, at least a small handful of people might make a few bucks.

    • pdxfed@lemmy.world
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      29 days ago

      No, those people already did. They have transferred the grift into houses, retirements, and change the course of the future for themselves and their families.

      Everyone else gets to pick up the pieces for their deceit, exaggeration and stupidity.

      • jj4211@lemmy.world
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        28 days ago

        Sure about houses, but retirements are balances built upon the expectation that debt continues to grow and remains serviceable. If the debt is a problem, retirement accounts go poof

    • boonhet@sopuli.xyz
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      28 days ago

      Honestly it pretty much gets generated out of thin air to start with and then everyone further loans the same money around to eachother.

    • captainlezbian@lemmy.world
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      28 days ago

      This one but in the now/future. Basically a lot of money was printed to pay for things but in order to not cause inflation we had to create debt to destroy that money in the future.

  • fizzle@quokk.au
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    29 days ago

    This is great news. I mean as long as the lines keep going up right?

  • vane@lemmy.world
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    28 days ago

    Concept of money only applies to poor people. Rich people just take couple million dollars loan that they write off in taxes.

    • Eximius@lemmy.world
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      28 days ago

      Kinda correct. Money is only useful in trading. You should never store wealth in moneys (because inflationary fiscal policy that only fucks up the lower class)

  • HubertManne@piefed.social
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    28 days ago

    More and more I think any correction is going to be a collapse of the bond market which is the thing that kept the great depression from being any worse.