@[email protected] to Lemmy [email protected] • 24 days agoLuxury bones? In this economy.lemmy.mlimagemessage-square45fedilinkarrow-up1896cross-posted to: [email protected]
arrow-up1896imageLuxury bones? In this economy.lemmy.ml@[email protected] to Lemmy [email protected] • 24 days agomessage-square45fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilinkEnglish5•23 days agoThe further you get from the gold standard the worse it gets. Because debt needs to grow to pay past debt, and mortgage debt is what we use to boost GDP.
minus-square@[email protected]linkfedilink5•23 days agoDebt is not a force of nature. Money is owed to someone.
minus-square@[email protected]linkfedilinkEnglish2•edit-223 days agoThe bank. Who pops money into existence out of nothing with no reserve requirement. You’re mortgage isn’t borrowed from Bill down the street, its created from the ether.
The further you get from the gold standard the worse it gets. Because debt needs to grow to pay past debt, and mortgage debt is what we use to boost GDP.
Debt is not a force of nature. Money is owed to someone.
The bank. Who pops money into existence out of nothing with no reserve requirement.
You’re mortgage isn’t borrowed from Bill down the street, its created from the ether.