Buffalogurl
Virgin
- Joined
- Jun 26, 2022
- Posts
- 1,758
I know about money creation, the bond market, carry trade, dollar swaps, sub-prime lending, derivatives, fiat money, and whom buys our debt.....oh and how interest destroys ....You may want to learn about 'money creation'. Let aunty Google explain it to you, or ask uncle Wikipedia.
I'm somewhat tired of explaining economy to morons.
There's one simple rule...... don't spend money you don't have on shit you don't need...
The best example are student loans for jackass colleges and/or jackass degrees....
Here's a few examples of poor life choices..... tattoos, tobacco products, soda pop, subscriptions to nearly anything, football/basketball/baseball ect..tickets,(fucking waste of time).... now my all time favorite.... bottled water (fuck me to tears).... Starbucks coffee, I've over heard people at the ck out counter sniveling about the price of gasoline while they/them are purchasing 5 bottles of water at buck quarter a 16 oz bottle
No one is buying our debt... no one, nearly all our debt is being monetized by the buyer of last resort.......
Aaaaaand.... let's not forget the CME, the commodities market or I should say the casino market that daisy chains the price of commodities to unaffordable levels...... ie market manipulation utilizing contracts on phantom commodities...