Looking for recommendations on fiction novels. Just finished reading Quoz and thought it was a good read. Any other recs along the same lines?

always have been View quoted note →

sure does feel like it but funnily enough the moral arc is on the right track View quoted note →

There's not enough money in existence to service all of the debt in the world. This is because when debt is created it is split into two parts - principal and interest. The principal is created and exists as money floating around the system but the interest portion isn't. This means on a system wide level there are only enough monetary units to pay back all of the outstanding principal portions of debt. It's impossible to service all of the principals plus the existing interest portions. This inevitably leads to defaults. In the fiat system, as was the case on the gold standard, more debt is created than is able to be paid off with the circulating money. The difference between the gold and fiat systems lies in the mechanism to trigger defaults and the subsequent collapse. Under the gold standard people redeeming their gold from the banks would force hard defaults if the bank was over levered. This would lead to the bank defaulting. The losers were those who lent to the now bankrupt bank. Under the current fiat system the reservicing of debts with fresh debt are soft defaults. As new debt is created more money circulates. This leads to inflation. The losers of these soft defaults are those who hold the inflating currency. Wild.

daily reminder View quoted note →

you got me View quoted note →

it confuses me how anyone can put a substantial amount of their money into a market that can be crushed by a politician at the drop of a hat.

the more you know View quoted note →

Taxation isn't theft if what's being taken is theirs in the first place. People don't own fiat money to the extent that they think. The ruleset by which fiat money operates is not what the average Joe expects. That's why when you study the current monetary system it is laughable that you got so blind sided in the first place. You have a handful of permissions over your fiat money and always have.

ever think to yourself that the vibes on nostr are too high?