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Cake day: July 16th, 2023

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  • Very short, commercial banks loan money from national banks. That creates money. It has to be paid with interested. Where does the money for that interest comes from? From other loans. So the whole thing becomes an ever increasing pile of loans.

    And government loans from national banks to spend money, so creating and distributing money. If government pays back the loans, money disappears.

    And because the whole thing is loans on loans, if population would decrease (what is starting to happen) and growth stops, loans decrease and the whole thing starts to wobble.


  • There was a study about this. They gave some people an advantage in a game, like more starter money and more money when passing start in monopoly. Of course they won and if asked why, it was because they were just better than the other players. The same psychology plays out with CEO’s. They had an advantage of rich parents and/or got lucky, but will always say it’s because they are just better than the rest. And that plays out in wider society in a nice circular reasoning.

    They are successful because they are better than te rest. They are better because they have money. They have money because they are successful.

    It gets lapped up by the ones believing in individual freedom and making your own fortune, because current society, especially in the USA, has been one big experiment in extreme individualism. In practice it mostly turned out to be, partially by design, the old aristocracy under a new veneer.






  • SlopppyEngineer@lemmy.worldtoMemes@lemmy.mlWe've all just got to do our part!
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    6 months ago

    It’s why all carbon should be a currency distributed to all people like an UBI. Let’s say sustainable amount of CO2 emissions is 8 billion ton and there are 8 billion people, so everybody gets 1 ton per year. You want to pull oil it if the ground, pay in CO2 coin and ask the buyer to pay in turn. Rich guy wants to fly a private jet, they pay the oil producer. Not enough coin, buy with dollars from someone poor that drives a bike and has excess CO2 coins.

    It seems fair to me. Everybody is equal, it keeps the market intact while keeping capitalism within sustainable emissions and distributes some wealth.

    Of course no rich guy or oil producer is going to accept that, at least not until some people figuratively start building the wooden platform and sharpen the blade to a razor edge.