Re:Never Have I Seen So Much Fake Unemployment and Jobs Data...
by joshspankit on Wednesday July 08, 2020 @11:12AM
(#23770671)
Hahaha no disrespect, but I’ve been seeing almost this exact conversation continually for at least 20 years (the number of years I’ve been curious about economics).
At this stage, it doesn’t matter what runs out, who takes the fall, or anything else (save the democratic power of the people): the power structure will do whatever it takes to maintain that house of cards.
Fractional reserve lending alone can prop up the system almost indefinitely. (Feel free to debate this if you feel strongly, but A. it’s only 1 tool in the garage, and B. Arguments about “they can’t” or “it’s not legal” are irrelevant because they will simply change or circumvent the law.)
At this stage, it doesn’t matter what runs out, who takes the fall, or anything else (save the democratic power of the people): the power structure will do whatever it takes to maintain that house of cards.
Fractional reserve lending alone can prop up the system almost indefinitely. (Feel free to debate this if you feel strongly, but A. it’s only 1 tool in the garage, and B. Arguments about “they can’t” or “it’s not legal” are irrelevant because they will simply change or circumvent the law.)