Dec 16, 2023
It was a popular idea, but with public government and private banking, the banks rule and the only job those flunkies have, is running up the debt the banks need to grow metastatically.
As a medium, money is a social contract, not a commodity, but capitalism assumes it to be a commodity to mine from the economy, not just the network enabling it.
Blood is a medium, fat is a store.
So to store the asset side of the ledger, there has to be a debt backing it. The secret sauce of capitalism is public debt backing private wealth.
"The real money is in bonds."