cm0002@lemmy.world to Lemmy Shitpost@lemmy.world · 11 天前Luxury bones? In this economy.lemmy.mlimagemessage-square39fedilinkarrow-up1908arrow-down111cross-posted to: [email protected]
arrow-up1897arrow-down1imageLuxury bones? In this economy.lemmy.mlcm0002@lemmy.world to Lemmy Shitpost@lemmy.world · 11 天前message-square39fedilinkcross-posted to: [email protected]
minus-squareturnip@sh.itjust.workslinkfedilinkEnglisharrow-up5arrow-down1·10 天前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.
minus-squareiknowitwheniseeit@lemmynsfw.comlinkfedilinkarrow-up5·10 天前Debt is not a force of nature. Money is owed to someone.
minus-squareturnip@sh.itjust.workslinkfedilinkEnglisharrow-up2·edit-210 天前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.
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.
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