Oddbean

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 You know that the federal bank in the US is independent from politics?

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 If the government issues bonds and the FED dont buys them, what do you think it would happen?
 https://image.nostr.build/d7cc85be0e20b2973c7240ac2eec8896ee49078b1a73883620c6aeb3083470c4.gif

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 Crazy. Did not know the federal reserve holds this much of the treasury bonds. But it is in general kind of a miracle how the US treasury did not go bankruped until now. But most probably this bankrupcie is close. And possible, that the fed is doing its part to defend from this and increase inflation to lower the dept. And yes a more global independent currency would have made the US bankrupt a long time ago. Maby you have a good point here. Thanks for sharing 👍😉

https://www.federalreserve.gov/releases/h41/current/h41.pdf

https://www.pgpf.org/infographic/the-national-debt-is-now-more-than-35-trillion-what-does-that-mean

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 One of the root causes of the current system that rottens everything from politics to science common to every country and independent of any government, it's the fractional reserve banking. 

This non sense system allows the creation money by private corporations. Because this money is free gets allocated in the wrong places and investments, places were nobody will ever put their hard earn money, leading to the economic cycles of expansions and recessions, where wealth gets transferred from the middle class to people holding hard assets, making the gap bigger after every cycle.

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 Hi, how about next time you try to make that a little less ChatGPT and use oh wait I get it. I get it. You don’t have a brain. Forget it carry-on

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 You don't think this are the words of a human? I'm sorry for you. This are basic Austrian Economics, something that a 15 years old who read Hayek and Mises could write, this is very well explained in Broken Money from Lyn Alden, of in the Fiat Standard.

This things I mention are called books. Do you know what that is? Why the negativity on a beautiful day?

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  oh I get it. You’re one of those people that live in theoretical when I actually get myself out in the world and change it I understand now.

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 Why so much negativity? Do you need help? You seem like very insecure person. Breath and think in who you really are and want to be.

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 You don’t even know how to speak speak properly don’t ever talk to me again I’m blocking your dumb ass

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 Never be sorry for anything. 

Stand by your beliefs and fight for him the world is already burning down around us.

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 I am in line that it is toxic how some big companies are supported when getting in a recession cicle because of bad management of their business. It is a very important mechanics of the market, that companies can die. Since nothing can grow really strong, when the strongest companies get protected.

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 Exactly! And that is what I meant with the system working as design, common to all countries. We now believe that these cycles are part of the economy like an universal law and they started with the creation of the fractional reserve banking.