Nostr Web Client

This was an interesting video (not sure who that lady is talking in the video or where it came from. Please shout them out if you know) and I never thought about it this way. Or wondered why myself. Sometimes its hard to remember to question some things when you are surrounded by so many “questionable” things… 🤔😂

But WHY does the government borrow their own money that they print? Do get extra yield? But yield from yourself isn’t yield at all right? Or its temporary to mask debt?

I guess I never put two and two together that the government borrowing and the government printing is part and parcel of the same process.

Is there a standard government-forward perspective or stance/rhetoric they use normally to explain this to the public? Or its just publicly ignored?

And if they do, is there also a “real life, ACTUAL” reason different from what they squawk?

#asknostr #askbitcoin #studybitcoin #bitcoin #eli5

(…is “explain like I’m 5” a thing here? 😂🤣😅🤷‍♂️)

https://m.primal.net/Psis.mov

Reply to this note

Please Login to reply.

Discussion

Neal 9mo ago

the government doesn’t print the money, The private non government entity Federal Reserve prints the money to buy the bonds from tbr government.

Read The Creature from Jeykll Island

2Pac 9mo ago

Great non bitcoin, bitcoin book

Cormac 9mo ago

Ohhhh yea, forgot about that little hiccup; the Federal Reserve being neither federal nor a reserve 😂😂

Thats definitely it.

Yea i’ll put that book on the list. And a doc just came out as well i’ll have to watch. Heard on some of the podcast circles when they were doing promotion.

Do they explain in either of those what the government’s official stance is on those mechanics? Or just that that brush under the rug and try not to point it out or address it?

Just seems like a simple, obviously base question to ask about the actual operational side if things 🤷‍♂️😂

Neal 9mo ago

asking rational questions to nonrational situations 🤣

Neal 9mo ago

TLdR:

when governments print the money themselves, everytime in history, people know it’s bullshit and goes to zero.

the con is the dirty deal between the central bankers and the government.

the banks dress it up in jargon to give it the illusion of legitimacy, they get to keep monopoly power on interest running in every dollar in creation, and the government get unlimited funding