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1. Embed this notice
   Icare4America (icare4america@freeatlantis.com)'s status on Friday, 28-Feb-2025 23:36:41 JST Icare4America

   https://www.zerohedge.com/precious-metals/gold-fort-knox-was-stolen-americans

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Feb-2025 23:36:40 JST mk

     in reply to

     @icare4america

     the usa has been bankrupt for 50 years and have been living on credit ever since.

     https://mastodon.blitz-netzwerk.de/@mario/113027451265935122

   • Embed this notice
     djsumdog (djsumdog@djsumdog.com)'s status on Friday, 28-Feb-2025 23:39:01 JST djsumdog

     in reply to

     • mk
     For any normal person/family/household, when your interest on your debt exceeds you income month after month, you're insolvent and need to declare bankruptcy.
     
     It's not untrue with Nation States .. just seems to take longer, and replace bankruptcy with war, authoritarianism or both.
   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Feb-2025 23:44:20 JST mk

     in reply to

     • djsumdog

     @djsumdog @icare4america

     the best argument against me (us) is that nation states CAN NOT go bankcrupt if they are in debt in their own currency, because they can always print money and devalue the debt (and the currency) doing that. which leads to hyperinflation, but it's technically not bankruptcy.

   • Embed this notice
     djsumdog (djsumdog@djsumdog.com)'s status on Saturday, 01-Mar-2025 00:30:16 JST djsumdog

     in reply to

     • mk
     I was listening to some podcast recently where someone was talking about how inflation is really a hidden tax; a tax created as you say, by devaluation everyone's savings by printing more money.
     
     The EU is a terrible case because the nations have entangled their money, and removed monetary sovereignty. The UK's exit was meaningless in this aspect because they never gave up sovereignty of their money. I'm hoping the next nation to reclaim their money will come soon, and wonder which one it will be. Will we once again see Spanish pesos, German marks?
     
     In that sense a nation cannot go bankrupt ... so, what happens when a nation can no longer convince its citizens their money is a reasonable means to exchange value? There is a bankruptcy, but not a monetary one. It's a moral one. It's one of legitimacy. That's how nations cease being nations.
   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Saturday, 01-Mar-2025 00:39:31 JST mk

     in reply to

     • djsumdog

     @djsumdog @icare4america

     "not a monetary one. It's a moral one. It's one of legitimacy. That's how nations cease being nations."

     👍

     "The Fourth Turning" is a concept from the generational theory proposed by historians William Strauss and Neil Howe in their 1997 book "The Fourth Turning: An American Prophecy"

     https://www.perplexity.ai/search/what-does-the-fourth-turning-m-O3WoYu5NSSK0pznkIZro3g

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Saturday, 01-Mar-2025 01:15:27 JST mk

     in reply to

     • djsumdog
     • smug

     @smug @djsumdog @icare4america

     "The US just has a slightly better credit score than you."

     please read the thread before you post.

     the usa can literally print themselves out of debt.

   • Embed this notice
     smug@smuganimeavatar.xyz's status on Saturday, 01-Mar-2025 01:15:28 JST smug

     in reply to

     • djsumdog
     • mk
     1. Neither of those would benefit from leaving the euro
     2. the reason why you are bankrupt when your credit payments are higher than your income is because people actually collect their debt. However, just like with countries, you can negotiate your debt because people are willing to get less/the same but over a longer time period rather than nothing. The US just has a slightly better credit score than you.
   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Saturday, 01-Mar-2025 02:43:05 JST mk

     in reply to

     • djsumdog
     • smug

     @smug @djsumdog @icare4america

     "But they won't."

     yes they do. the picture proofs it.

     ---

     what you don't undestand is:

     in a fractional-reserve fiatmoney-world

     - taking credit
     - handing out "loan guarantees"
     - selling government bonds

     IS equal to printing money.

     "banks create the moneysupply[..]79% of 'bank deposits'[..]created out of nothing[..]banks create the money supply by inventing these claims on themselves. these fictitious deposits"
     https://mastodon.satoshishop.de/@mk/110979837928836433

   • Embed this notice
     smug@smuganimeavatar.xyz's status on Saturday, 01-Mar-2025 02:43:06 JST smug

     in reply to

     • djsumdog
     • mk

     But they won't. Why not? It's so easy right? There won't be any negative consequences to this, right? Why put in a bunch of zoomers with ChatGPT to optimize the budget if they can just do that?

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Saturday, 01-Mar-2025 02:48:06 JST mk

     in reply to

     • djsumdog
     • smug

     @smug @djsumdog @icare4america

     1. print money by taking on debt
     2. money supply increases
     3. money (and debt) is worth less

     if you have to power to hand out infinite amounts of cash, you can devalue your own debt by taking on more debt.

     https://mastodon.satoshishop.de/@mk/114054235372973547

   • Embed this notice
     djsumdog (djsumdog@djsumdog.com)'s status on Saturday, 01-Mar-2025 02:49:12 JST djsumdog

     in reply to

     • mk
     You're also leaving out the 1 Quadrillion (non-hyperbole) in derivatives of the USD alone.
   • Embed this notice
     Icare4America (icare4america@freeatlantis.com)'s status on Saturday, 01-Mar-2025 02:49:13 JST Icare4America

     in reply to

     • djsumdog
     • mk

     @mk @djsumdog

     The real unfunded Debt of the United States is now over 110 Trillion when you factor in SS and Medicare. When you include commercial and consumer debt it soars to well over 150 Trillion, These are the numbers they will never tell you.

     They have American brianwashed to believe the Debt is the Number they have pout our for 50 years and now is approx. 37 Trillion. The number the TV and press want you to hear, not the Real numbers!!

     We are so fucked as a country!!! Not Fixable

   • Embed this notice
     djsumdog (djsumdog@djsumdog.com)'s status on Saturday, 01-Mar-2025 02:50:37 JST djsumdog

     in reply to

     • mk
     • MissusTruth_1776
     The Epstein stuff is smoke and mirrors bullshit. He wasn't the only sexual blackmail broker. He's probably not even close to the largest. He likely was taken out for other reasons. Anyone who thinks there is a "client list" or that anything will happen to any of the people who flew on his private jet is living in a fantasy world.
   • Embed this notice
     MissusTruth_1776 (missustruth_1776@freeatlantis.com)'s status on Saturday, 01-Mar-2025 02:50:38 JST MissusTruth_1776

     in reply to

     • djsumdog
     • mk

     @djsumdog @icare4america @mk

     While the Epstein files shit show is happening and non mass deportations and doge… the budget is still out of control

   • Embed this notice
     djsumdog (djsumdog@djsumdog.com)'s status on Saturday, 01-Mar-2025 02:54:50 JST djsumdog

     in reply to

     • mk
     • smug

     Modern Monitory Theory is the idea that if you have sovereign control of your money, you can just print more. This theory is insane. More USD was issued (in the form of real currency, not loan backed reserves) between now and 2020 than in all of America's history. It's insane and a massive devaluation of everyone's money. It's the reason that the floor of a single family home grew from $250k to over $300k in most areas.

     Governments have been uncontrollably adding to their money supplies for the past few years, but not adding actual value. Everyone suddenly decided "Hey, Japans insane GDP to debt ration is a great idea!" .. it's a death spiral ... possibly even an intentional one. A planed demolition.

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Saturday, 01-Mar-2025 02:58:34 JST mk

     in reply to

     • djsumdog
     • MissusTruth_1776

     @djsumdog @icare4america @MissusTruth_1776

     robert maxwell is giselle maxwells father...

     "Mordechai Vanunu is an Israeli whistleblower who revealed the existence of the Israeli nuclear weapons to The Sunday Times and the Daily Mirror. Both papers were owned by Maxwell, who passed on this information to the Mossad. Vanunu was abducted by the Mossad in Italy."
     https://projectnemesis.net/robert-maxwell/

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Saturday, 01-Mar-2025 03:01:02 JST mk

     in reply to

     • djsumdog
     • smug

     @djsumdog @icare4america @smug

     *modern mentary theory

     yes it's insane.

     djsumdog likes this.
   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Saturday, 01-Mar-2025 03:38:32 JST mk

     in reply to

     • djsumdog
     • smug

     @smug @djsumdog @icare4america

     "Borrowing money (aka debt) doesn't create more money."

     yes it does in a fractional-reserve fiat-money monetary-system.

     i'm not even continue reading your fucking book if you're wrong in the first two sentences ;-)

   • Embed this notice
     smug@smuganimeavatar.xyz's status on Saturday, 01-Mar-2025 03:38:33 JST smug

     in reply to

     • djsumdog
     • mk
     1. I was talking about the literal printing of money. Borrowing money (aka debt) doesn't create more money. I take a 1k loan and gain 1k, the bank "loses" 1k from their books (but gets my loan on its books in return). You can argue that the scam comes in when you tell the deposit owners that they still have their money. Overall, for little amount of withdrawals, they still do.
     2. Fractional reserve just means that banks don't need to have the money they have on the books in a literal safe somewhere. This works on a trust system, similarly to the credit score analogy I used earlier. There is no difference between me giving a loan to Bob or me dumping my money into a bank and the bank giving a loan to Bob. The bank doesn't create money. Even using the term "money" is a bit iffy here already. Now if there is a bank run, any bank is fucked. However, you don't bank run a bank you think will exist tomorrow (aka can pay when you need it, aka pay back their debt to you). That's part of the system. It works both ways btw. Do you still have all the money you took out from a loan?
     3. Not if the money isn't in circulation. If I print $1m but put it under a matress it doesn't do anything.
     4. Debt over GDP doesn't matter either. Now here you get a fun part where part of the debt is owned by yourself so it isn't actually real. Or you print actual money to buy back bonds.
     5. Similarly to how a bank would crash if everyone collected their debt, the same thing applies to government debt. You are happy with the interest rates (which is generally the main problem of a country going broke btw). The US is a stable country which will never collapse (that's the image, anyway) so you have no reason to withdraw your money from there. So say the US government also has a 10% fractional reserve ratio, did it "print" 90% of money?
     6. The often cited theory is that printing a lot of money generated a lot of inflation. The usual plan of action is to increase interest rates, so people borrow less and park their money in saving accounts or CDs, removing money from the rotation. However, if giving a bank money is bad because banks just multiply money which would increase the money supply, which would mean higher inflation, why does this action work?
     7. Back to the original question: If the US government can just print money, why don't they just print the amount of debt they currently own and pay off their creditors?
   • Embed this notice
     djsumdog (djsumdog@djsumdog.com)'s status on Saturday, 01-Mar-2025 04:11:25 JST djsumdog

     in reply to

     • mk
     • smug

     Yep. That is how the system works. Can't disagree really. A couple of points:

     John Titus (has a website and video series called BestEvidence) was on the Unlimited Hangout podcast a while back and made a really interesting point (which I think you're making too):

     If you have coins, that's money. If you have cash .. well it's a note, but you can still fudge and say that's money. It's a store of value. Once you put $1,000 in a bank, it's no longer money. The bank gives you a credit. Liabilities and assets get adjusted on their balance sheet. You have $1,000 in credit, but it's no longer legal tender. We don't think about it because a bank always honors that credit to other banks .. but it's not really money. If the bank collapses, in the US you depend on FDIC that insures up to a certain amount of the bank's holding to the depositor.

     The other major thing is that the 2020s money era printing was really really unique. Through some laws, the Federal Reserve was able to swap for real actual assets. Normally the Federal Reserve can't hold a building or a factory on their books. All they have are reserves, not money. Who the fuck is going to trade their assets for reserves except for banks? But through some new laws and tricks and using first party lenders, the Fed does have reserves traded for assets now, and that is what caused trillions of new money to be added to the consumer money supply. In 2008, the books were just shifted between banks. People (who weren't losing their houses) didn't see it. But 2020 inflation is way different. I can't explain it as well as him, but it's super interesting:

     https://unlimitedhangout.com/2024/10/resources/show-notes/plundering-the-crisis-economy-with-john-titus/

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Saturday, 01-Mar-2025 04:41:34 JST mk

     in reply to

     • djsumdog
     • smug
     • DrFell (Disgruntled Citizen)

     @DrFell @smug @djsumdog @icare4america

     "every fiatmoney eventually goes to zero"
     https://mastodon.blitz-netzwerk.de/@mario/113027451265935122

     it always has been and it always will be.

   • Embed this notice
     DrFell (Disgruntled Citizen) (drfell@freeatlantis.com)'s status on Saturday, 01-Mar-2025 04:41:35 JST DrFell (Disgruntled Citizen)

     in reply to

     • djsumdog
     • mk
     • smug

     @mk @smug @djsumdog @icare4america

     Shocker , since the implementation of the Federal Reserve (and its fractional dellusion) and removed from gold standard in 1971...

     In 1997 the US $ was worth .56 cents. Today it is worth .027 cents rounded up to .03 cents.

     Modern Money Theory (MMT) Printing cannot solve this problem. Even if they printed money to pay down the debt, It's a circle of more debt, and the value of the $ could reach neg -.00 cents. They think they can change to CBDC to fix it.

   • Embed this notice
     djsumdog (djsumdog@djsumdog.com)'s status on Saturday, 01-Mar-2025 05:01:08 JST djsumdog

     in reply to

     • mk
     • smug
     • DrFell (Disgruntled Citizen)
     It won't happen. It's important to note that in 2008, more people wrote and called their congressmen/senators that in any other time in recent history. Everything was flooded with constituents all saying "No" to any bank bailouts. Some news reports back then say Americans were 80/20 against bailouts. Banks should have been forced to sell all those loans back to homeowners for 50~75c on the dollar.
     
     The first vote of TARP failed. Then suddenly overnight, enough seats flipped .. a massive amount .. to allow TARP. It's literally the most unpopular act in that decade.
     
     How many of those senators/congressmen do you think had sexual blackmail being held over them? The depths of Epstine, Pdiddy and many others is far deeper than anyone would care to admit. This doesn't change at all with Orange Man and Brain Chip Man. They're not "fighting the deep state." They have to be fully aware of this, and will do everything to keep the public from it, because the repercussions would be untenable.
   • Embed this notice
     DrFell (Disgruntled Citizen) (drfell@freeatlantis.com)'s status on Saturday, 01-Mar-2025 05:01:09 JST DrFell (Disgruntled Citizen)

     in reply to

     • djsumdog
     • mk
     • smug

     @mk @smug @djsumdog @icare4america

     Basically forgive all loans, and don't pay out on any loans from other countries. If they would've used the money they borrowed to fix their countries its intened purpose, fine. But if you stuck it in your pocket, well fuck you then. Let your people chop your heads off for being a dick. And they will find you too, you can't hide.

   • Embed this notice
     DrFell (Disgruntled Citizen) (drfell@freeatlantis.com)'s status on Saturday, 01-Mar-2025 05:01:10 JST DrFell (Disgruntled Citizen)

     in reply to

     • djsumdog
     • mk
     • smug

     @mk @smug @djsumdog @icare4america
     We have to prevent them from changing the currency, the legal tender... they use it as a means to fix the debt.
     The best way, imo is to simply not pay the debt to the banks, wipe the slate clean. Start over, fuck off, you did this. We are not going to CBDC, or (Bitcoin) which will never happen. Eat it bitches.