Leaving aside the dietary advice, there's one mistake in this otherwise well-done video. It is not _just_ the state that creates inflation: Private banks do too. In a fractional reserve banking system, which is what we've had all over the West since 1945, all loans are created out of thin air, including the ones from your local bank -- thus creating money and inflation. Since the bankers now effectively own the Earth, they dictated long ago to nearly every government that said governments shall not print money any more, instead they shall only _borrow_ the money that the bankers create. So, really, most inflation comes from banks, who are now the real owners of the state -- and of us. Until we give them what they deserve.
#bullishbounty
#bitcoin #superbullish #FF17
https://video.nostr.build/d93d98f1f7dfcb6e43198f77124edfbda4174e4c5852683d2b1e9f89a178e519.mp4
Discussion
#bitcoin ;)
The State grants the license that banks need to issue dollar loans without the actual money to do so.
The dietary advice is also accurate.
The fractional reserve swindle did not start out as a state-licensed activity, though hundreds of years later governments started to insist on licenses. Can you imagine that? -- a license to steal, and debase the currency. But that's exactly what it is.
If the bank doesn't have enough cash to pay out its deposits, why doesn't the bank go bankrupt when customers demand their money?
They do go bankrupt from time to time, for that exact reason. Most of the time, enough of the sleeping normies "keep their money in the bank" so that doesn't happen.
So if any bank in the world could go bankrupt at any time, why are there banks signing up to fractionally reserve and lend?
Why don't they see this danger and avoid it by keeping enough reserves on hand to meet all possible withdrawals?
Why would anyone want to engage in fractional reserve banking? Because the profits can be immense. Why don't they keep more reserves on hand? Because that reduces the profit potential. And some banks are indeed more restrained that others -- are less, shall we say, extended, than others and do have larger reserves. Eventually, there were (pretty modest, like 10 per cent.) reserve requirements imposed on banks in hopes of preventing the recurring "panics" that had ruined many an innocent man, but these requirements have varied and banks still go bust. And parts, at least, of this parasitic overclass buy legislators and get "bailed out" when needed. Nice work if you can get it -- provided you have a brain too small to understand that you are engaged in predatory fraud, or a conscience atrophied enough that you don't care.
All they have to do is fake it. Give excuses, charge more fees, reduce hours of operation, and/or close up branches in more populated locations. Making it highly challenging to get all of your funds.
It is kind of like floating your monthly bills with being late, but on a larger scale. There would have to be massive class action lawsuits in order for them to admit they are broke. Before they would ever stop playing the game and admit they are fucking with you.