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100 sats \ 52 replies \ @Lux 6 Dec \ parent \ on: A World Without Money bitcoin
yeah, the credit created disppears with repayment, except for the interest, which needs more credit created to be repayed.
they can't tell the truth even if they tried, lol
Here is a very good scene (6min) from the movie "El Concursante" explaining how the banks are fooling people... (EN subs)
If somebody want to see the whole movie, is very good, here is the full video:
Read the story again, more carefully. There is no interest in credit money.
You seem to be assuming something entirely different, which is a loan.
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tbh, i didnt read it, was commenting Darth's comment
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now I read it
why should prices be stable?
so the banksters can manipulate the economy?
if it's a free market, then prices should be freely found, else it's collectivism (an academic disease)
call it by it's true name, negotiable instruments, but they don't teach that in schools
https://babylonobserver.com/mystery-paper/
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'why should prices be stable?'
That is not the question. Prices fluctuate all the time, for a lot of real reasons.
The problem is that prices are being distorted by central banks and their fiat money, thus the information they convey. This causes all kinds of huge problems, as listed in Chapter 1. Later chapters will deal with these problems in greater detail.
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academics and their collectivist theories...
a school is a large group of fish, food for whales
Bitcoin fixes this
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Just look what OP was promoting previously... #707088
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consequence of years of academic programming.
that's the goal, turn bitcoin in a currency they can control.
that's why all these famous zionists are suddenly pro crapto
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Note to self: DON'T FEED TROLLS.
And Darth was parroting ECB propaganda. Actually, Bank of England propaganda, which is where ECB copied it from.
It's all twisted to make sure they don't get the blame for inflation, but everybody else. First central banks blame 'suddenly' greedy companies which must increase prices BECAUSE there is debased money.
Then central banks blame 'suddenly' greedy workers who demand higher wages BECAUSE company profits are higher BECAUSE of debased money.
Last central banks blame commercial banks who must expand credit BECAUSE nominal prices have risen BECAUSE workers get higher wages BECAUSE companies made higher profits BECAUSE central bank debased money.
Don't trust, verify.
Blame not companies, workers, or commercial banks.
Blame the true villains: government and central banks.
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Blame the true villains: government and central banks.
Nobody here says otherwise... idk what's your problem.
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'What's the problem' you ask?
If it is a genuine question:
Harsh comments despite confusing valid money types with invalid ones like fiat, and by confusion of loans with trade credit.
If you are willing to learn, I am here. Trolling does not help.
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LOL I just post an additional information from ECB about how THEY explain money.
You also talk about money, so where is the "trolling"? You suffer from some kind of syndrome?
Anyways, I can comment whatever I want, I paid for that comment.
Geeze people nowadays are fucking sensitive snowflakes...
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It's fine, we both pay for the comments.
I call TROLL anyone who wilfully misrepresents the topic of the article, and replies with inflammatory, irrelevant, and offensive comments.
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you are too snowflake