> They do this by issuing bonds, some of those bonds are bought up by the markets but most bonds are bought up by reserve banks using money that they printed out of nothing (mostly digitally).
The first sentence and second sentence are in contradiction: is money created by the government or the banks? And couldn't the money created by banks (who are part of the reserve system) be used for other things like mortgages, business loans, etc?
> Governments give out increasingly large contracts to large corporations to produce systems, weapons, etc... that add no value to citizens' lives but merely exists to control and passify them.
Also roads, bridges, health care, education. Certainly weapons (just ask Ukraine and Taiwan and any country around the South China Sea).
A lot of folks say that the US spends too much on the military, but perhaps it is that other countries spend too little. NATO members have a agreement/guideline/target to spend 2% of their GDP on defence, but most members have not done that for years (if not decades)—and suddenly they are:
Perhaps it was a matter of the US picking up everyone else's slack.
> So not only is all money created by the government, but the taxation system ensures that money cannot travel too far from that government.
What about "reserve banks"? Does all of that "money that they printed out of nothing" go to buying government bonds… or perhaps some is used in the private economy? (This goes back to the contradictions in the first paragraph.)
Also, how many people work directly for the government (including teachers, building inspectors, food safety, etc), and then spend in their community: how separated is the barber of a DMV employee from "money created by the government" (which it really isn't: see above).
> How can big cities afford to accommodate millions of people working bullshit office jobs that add no value? Now you know.
Where I live, whgen right-leaning candidate Rob Ford ran for mayor for Toronto, Ontario, Canada in 2010 his rallying cry was about "stopping the gravy train" of waste. Turns out after an extensive audit he ordered, there's wasn't any:
Of course his brother, now the premiere of Ontario, Canada, still goes on about waste at Toronto, but (two) thrid-party audits have (yet again) not find much:
> The moment when a business leader starts to notice that something is off is the moment that they retire and get replaced by someone who is even more delusional/oblivious and who can take the company/organization to the next level, unimpeded by common sense or principles.
There's a bunch of rambling in the post, but:
> The governments of all countries 'print' new money at a steady rate; simultaneously devaluing all their currencies.
Money in modern economies is done via credit creation at private banks:
* https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...
* https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625
* https://rationalreminder.ca/podcast/132
> They do this by issuing bonds, some of those bonds are bought up by the markets but most bonds are bought up by reserve banks using money that they printed out of nothing (mostly digitally).
The first sentence and second sentence are in contradiction: is money created by the government or the banks? And couldn't the money created by banks (who are part of the reserve system) be used for other things like mortgages, business loans, etc?
> Governments give out increasingly large contracts to large corporations to produce systems, weapons, etc... that add no value to citizens' lives but merely exists to control and passify them.
Also roads, bridges, health care, education. Certainly weapons (just ask Ukraine and Taiwan and any country around the South China Sea).
A lot of folks say that the US spends too much on the military, but perhaps it is that other countries spend too little. NATO members have a agreement/guideline/target to spend 2% of their GDP on defence, but most members have not done that for years (if not decades)—and suddenly they are:
* https://www.nato.int/cps/en/natohq/topics_49198.htm
* https://aviationweek.com/defense-space/budget-policy-operati...
Perhaps it was a matter of the US picking up everyone else's slack.
> So not only is all money created by the government, but the taxation system ensures that money cannot travel too far from that government.
What about "reserve banks"? Does all of that "money that they printed out of nothing" go to buying government bonds… or perhaps some is used in the private economy? (This goes back to the contradictions in the first paragraph.)
Also, how many people work directly for the government (including teachers, building inspectors, food safety, etc), and then spend in their community: how separated is the barber of a DMV employee from "money created by the government" (which it really isn't: see above).
> How can big cities afford to accommodate millions of people working bullshit office jobs that add no value? Now you know.
Where I live, whgen right-leaning candidate Rob Ford ran for mayor for Toronto, Ontario, Canada in 2010 his rallying cry was about "stopping the gravy train" of waste. Turns out after an extensive audit he ordered, there's wasn't any:
* https://archive.ph/3vPyp / https://www.theglobeandmail.com/news/toronto/turns-out-its-n...
Of course his brother, now the premiere of Ontario, Canada, still goes on about waste at Toronto, but (two) thrid-party audits have (yet again) not find much:
* https://archive.ph/V56wn / https://www.thestar.com/opinion/star-columnists/audits-derai...
I think the GP has the same mindset as the Ford brothers.
And there's a reasonable argument to be made that more bureaucracy is needed in the US (where I'm guessing the GP is based in):
* https://www.noahpinion.blog/p/america-needs-a-bigger-better-...
> The moment when a business leader starts to notice that something is off is the moment that they retire and get replaced by someone who is even more delusional/oblivious and who can take the company/organization to the next level, unimpeded by common sense or principles.
What does this even mean?