I can’t remember which book it was, but it talked about how bureaucracy *has to* waste money to make the inflationary reality work. Wish I could think of the book.
Discussion
plz find the title of this book
It was most likely The Creature From Jekyll Island… a classic. Surely you’ve read it.
i've read it twice in the past six years and without a doubt it's my favorite financial related truth revealing book.
Oh yea you have to keep re-reading it. It’s refreshing every time.
now I have to read it for a third time, ty my boy
Keep a lookout for the knowledge drop. It needs to waste money to work. The other mind blower I remember reading was that all currency is debt… mind breaking concept. If all debts were paid there would be no currency.
so your biggest take away from the book was the idea behind fractional reserve lending and thus the concept of modern day fiat currency being a debt based Ponzi scheme? I would hope that is everyone's biggest takeaway because it's the most revealing. Once you understand that the shit is all debt and it's all fake and it's backed by nothing but the trust of financial institutions you realize it's all bullshit.