Post
Topic
Board Economics
Re: Economic Totalitarianism
by
username18333
on 22/07/2015, 19:47:51 UTC
Philosophy is argumentation. I'd prefer more precise, actionable discussion, which was the stated intent in opening post of this thread.


So we don't want an anti-money (whom can free-for-all coinbase nilly-willy debase faster race into the abyss) shitcoin that is designed to perniciously, self-destruct into a mutual chaos.

Since you so deride "anti-money" (TPTB_need_war), you would (directly) address the post below if your grievances were genuine.

So his "solution" is NIRP and a cashless society to prevent anyone from escaping paying negative interest rates on their wealth. And use this resource extraction to continue to backstop the $250 trillion of debt in the world. In order words, Summers thinks we are stupid enough to be a dog chasing our tail wherein the excess "capital" is money we are expropriating from ourselves to prop up "capital" that would otherwise evaporate in a contagion of defaults. And then claim this excess capital that we stole from ourselves (via NIRP) is what is causing the excessive market demand for return of capital (aka safe haven) and thus NIRP.

Quote from: Plato, _Euthyphro_, 380 BCE
Soc. We shall know better, my good friend, in a little while. The point which I should first wish to understand is whether the [capital] or [money] is beloved by the [1‱] because it is [money], or [money] because it is beloved of the [1‱].
(Germaneness mine.)