cm0002@lemmy.world to Lemmy Shitpost@lemmy.world · 1 month agoLuxury bones? In this economy.lemmy.mlexternal-linkmessage-square45fedilinkarrow-up1907arrow-down111
arrow-up1896arrow-down1external-linkLuxury bones? In this economy.lemmy.mlcm0002@lemmy.world to Lemmy Shitpost@lemmy.world · 1 month agomessage-square45fedilink
minus-squareturnip@sh.itjust.workslinkfedilinkEnglisharrow-up5arrow-down1·1 month 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-squareiknowitwheniseeit@lemmynsfw.comlinkfedilinkarrow-up5·1 month agoDebt is not a force of nature. Money is owed to someone.
minus-squareturnip@sh.itjust.workslinkfedilinkEnglisharrow-up2·edit-21 month 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.
minus-squaremelpomenesclevage@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·edit-21 month agoRemoved by mod
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.
Removed by mod