Joke 6 Committee "Hearing"

[Reiwa]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

Printed is colloquial. They create money out of thin air to buy assets. This puts money in the economy that wasn't there.

Simple enough for you?

Isn't that how debt works in general?

[Jibartik]

Originally Posted by Botten [You must be logged in to view images. Log in or Register.]

Shush go gum your puréed broccoli. Jeopardy might be on.

So what are you two arguing about (that has got you so upset??)

It seems like castle is saying cypto is better than fiat.

And your argument is that BIADEN IS NOT THE CAUSE OF INFLATION ITS ACUTLALYL M! BIDEN DIDNT DO IT YOURE A TRUMP BIDENS FAULT GO EAT A DICK YOU STUPID OLD MAN TAKE A CLASS BIDEN DIDNT DO IT BIDEN IS THE BEST

that about right?

[Jibartik]

Reiwa what are you guys talkng about

[Castle2.0]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

Isn't that how debt works in general?

No. When I borrow money from Bill, I can only borrow money he has. He can't create money to lend me. Also when Bill buys my car, he pays me in money he already has, not money he just created.

[Jibartik]

I want to know how we spent 6.5 trillion without printing it?

Does anyone even have a receipt for that?

[Kaveh]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

No. When I borrow money from Bill, I can only borrow money he has. He can't create money to lend me. Also when Bill buys my car, he pays me in money he already has, not money he just created.

It hasn’t worked this way since at least WW2

But you’re right. Trump and Powell permanently indebted us and will be consumed in eternal hellfire for their sins against the divine republic

[Reiwa]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

I want to know how we spent 6.5 trillion without printing it?

Does anyone even have a receipt for that?

Asset swaps go brrr!

[Jibartik]

I didnt ask what theory they use to wave their hands and make everyone go "oh ok that sounds legit"

I meant what assets did they literally swap for what assets and where are the recepts and why cant we add all this shit up and account for it?

"its high bank transfer mumbo jumbo" is the answer always.

[Reiwa]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

I didnt ask what theory they use to wave their hands and make everyone go "oh ok that sounds legit"

I meant what assets did they literally swap for what assets and where are the recepts and why cant we add all this shit up and account for it?

"its high bank transfer mumbo jumbo" is the answer always.

Treasury bills and uh bank reserves I think? The articles are seriously hard for me to read.

Hopefully the next generation can understand it. 🙏

[Jibartik]

"junk and magic stuff!"

got it, they print money.