So the great debt reset has started

Richardvanles

Richardvanles

Roofer
The Government has borrowed billions from the BoE (which they own) to keep everyone safe and line the pockets of their mates.
All you've had to do is stay at home and wash your hands whilst singing happy birthday.
The BoE create the fiat money they've lent out of fresh air and now they've slipped you the bill.
 
NorthwestFox said:
What would they benefit from doing this?
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Experts reckon history has proved any fiat currency has a life span of around 40 years before it collapses. We're way past that and it's show signs of crumbling in recent years.
If you understand how the banking system works you'll understand how creating debt works and who benefits from it.
Fiat currency only works by creating a debt out of nothing, it only survives by creating more debt until it implodes. A good old fashion war used to be a great way of generating debt but this covid business came along and they've come up with an ideal alternative to war to crash and burn the economy and reset the debt clock.
I guess the two good things that will come out of it is
1. It's not a bloody horrible war.
2. Generally there's a boom a number of years after a war.
So it's not all bad news.
 
It's similar to a fart economy, the main difference is you're guaranteed to be in the shit in the near future with that
 
BarrowFox said:
This is an interesting topic, can you point to where I can get more information?
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I'll see what I can find later, when I was working 6 nights a week a couple of years back I used to stay up all night so I stayed in the same routine. Ended up watching lots of documentaries on YouTube about, the Great Depression, gold standard, the rothchilds the banking system, the American dream etc. They all seemed to link in to each other.
 
Richardvanles said:
Experts reckon history has proved any fiat currency has a life span of around 40 years before it collapses. We're way past that and it's show signs of crumbling in recent years.
If you understand how the banking system works you'll understand how creating debt works and who benefits from it.
Fiat currency only works by creating a debt out of nothing, it only survives by creating more debt until it implodes. A good old fashion war used to be a great way of generating debt but this covid business came along and they've come up with an ideal alternative to war to crash and burn the economy and reset the debt clock.
I guess the two good things that will come out of it is
1. It's not a bloody horrible war.
2. Generally there's a boom a number of years after a war.
So it's not all bad news.
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You're obviously a tinhatter.
I much prefer Hackney and ClubBook's more informative and reliable take on these things. :D
 
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