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Candace Owens and Alex Jones' heads exploding over Trump's recommendations to get vaxxed
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<blockquote data-quote="BMWMC" data-source="post: 5118763" data-attributes="member: 37461"><p>When debts are "extinguished-retired" faster than they are created then yes, you have deflation; thus the reason why the central bank(s) intervened to expand the money supply and reduce the cost of leverage via interest rates. Debt growth, especially in a world reserve currency, has the the capacity to expand indefinitely, because, as the adage goes on Wall St; the US dollar is the cleanest dirty shirt on the rack.</p><p>Everyone is playing the same game and if the house of cards ever falls everything and everyone falls, so, everyone has the incentive to kick the can down the road. Think 2008 when the system cracked and collapsed. What saved it? The collective acceptance of fictional value. Paul Volcker once said that the entire monetary system is based on faith.</p><p>Want to stop deflation then grow debt, either through private debt or public debt. Isn't that what we've been witnessing and experiencing over the last 50 years? It's a simplistic answer but I don't want to get to wonkish.</p><p></p><p>When you control the price of money you control the price of everything.</p><p></p><p>Good job!</p></blockquote><p></p>
[QUOTE="BMWMC, post: 5118763, member: 37461"] When debts are "extinguished-retired" faster than they are created then yes, you have deflation; thus the reason why the central bank(s) intervened to expand the money supply and reduce the cost of leverage via interest rates. Debt growth, especially in a world reserve currency, has the the capacity to expand indefinitely, because, as the adage goes on Wall St; the US dollar is the cleanest dirty shirt on the rack. Everyone is playing the same game and if the house of cards ever falls everything and everyone falls, so, everyone has the incentive to kick the can down the road. Think 2008 when the system cracked and collapsed. What saved it? The collective acceptance of fictional value. Paul Volcker once said that the entire monetary system is based on faith. Want to stop deflation then grow debt, either through private debt or public debt. Isn't that what we've been witnessing and experiencing over the last 50 years? It's a simplistic answer but I don't want to get to wonkish. When you control the price of money you control the price of everything. Good job! [/QUOTE]
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Candace Owens and Alex Jones' heads exploding over Trump's recommendations to get vaxxed
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