deeznuts 's avatar
deeznuts
deeznuts@crypto.im
npub13tku...llwf
Enthusiasm enthusiast. “No Amount Of Violence Will Solve A Math Problem” Excel at research, analysis and meme-lording: https://memeticresearch.group/?page=contex.st
deeznuts 's avatar
deeznuts 20 hours ago
"there’s one section of the interview that sounds like it could’ve been narrated by Creature From Jekyll Island author G. Edward Griffin. Quoth Epstein: There’s a fundamental part of money, which is called “fractionalized banking.” And fractionalized banking is something that finance people understand. And the people on the street—and when I say “people on the street,” that’s where I was when I started on Wall Street—would find it impossible to believe. Impossible. Why? Bannon bank. I give you $1. Just one single dollar. In our system of banking, I would say, “Okay, Steve, I gave you a dollar. How much could you lend out to your friends?” And your natural reaction would be, “Probably something less than a dollar because I want to keep something in my pocket.” The way our system works is if you as a bank are holding my dollar, you can lend out an additional eight or nine dollars. No, it’s impossible. I only have a dollar, Jeffrey. We have something called fractionalized reserves, which is if you have one, you can lend out nine. That’s the way our system works. And so not only do world leaders not understand banking, but the man on the street, my father, who worked in the park department, it would be beyond his imagination that people could lend out more money than they actually had in their pocket. In addition, Jeffrey Epstein says there would be “runs on the bank” if the public understood how the banking system works." (2) 10 Things I Learned From the Epstein Files Shared via
deeznuts 's avatar
deeznuts 22 hours ago
GM! Already a great day… I had no idea the power I had over other minds using this one simple phrase that triggered a lunatic before I even got out of bed Glory be to Nostr!
deeznuts 's avatar
deeznuts yesterday
- • The notion of a “peaceful transfer of power” in American democracy is a myth that reinforces the idea that elections determine governing elites based on the “will of the people.” - • This myth is fundamentally flawed as there is no real “will of the people”; it serves to legitimize the ruling elites and their power. - • In reality, power does not significantly transfer between governing elites during elections; elected officials merely represent a public face while the actual elite retains control. - • Although some minor policy changes occur, significant areas such as foreign policy, central banking, and welfare programs remain largely untouched by electoral outcomes. - • Access to political positions is restricted, ensuring only certain parties and candidates aligned with the elite can compete for power. - • Many Americans hold a naïve belief that elites willingly relinquish power, overlooking the complexities of political power dynamics. - • Pareto’s theory illustrates that ruling elites operate through a network of patrons and clients, maintaining power through mutual benefits rather than conspiracy. - • The elite class is diverse and consists of various groups, and its cohesion arises from economic self-interest rather than a unified goal. - • The ruling elite invests considerable resources to maintain their power, making it unlikely they would willingly surrender it after an election. - • Political parties in democracies are categorized into pro-regime parties that rotate in power and uncompromising parties that do not gain access to government. - • Only moderate parties that align with elite interests can participate in governance, while genuine counterelites are excluded to protect the ruling elite's networks. Why America's Two-Party System Will Never Threaten the True Political Elites | Mises Institute https://mises.org/mises-wire/why-americas-two-party-system-will-never-threaten-true-political-elites? Shared via