This is the anarchist police department, officer Schratze speaking. Be careful, because I am patrolling the timeline today. I better not catch you spreading antivaxx bullshit, saying slurs, or doing racism. Otherwise I will not hesitate to make use of my complete anarchist police arsenal, including but not limited to:
-asking you what the heck you're doing
-sending you a strongly worded DM
-subtooting you on a really mean way
So you better watch out, crooks
First Arch Linux ISO Powered by Linux Kernel 5.15 LTS Is Now Available for Download
I just picture Elon in a boardroom with a big glass table, he leans over and snorts a Tony-Montana-esque line of coke off of the table and just starts raving about how speech has too much latency and great ideas can only be expressed directly through a direct neural interface.
The table is surrounded by about a dozen people who are trapped in the room and just keep nodding no matter how cranked up he gets.
cc @cfkschaller @christitustech @thelinuxEXP @Anjyoun @DestLinuxPod
Me: money is fake
Them: yeah it's just paper that we ascribe value to
Me: no it's faker than that. Only 3 percent of USD exists as physical currency. The rest is just bank credit.
Them: right, so money is just numbers in bank accounts that the government creates from nothing
Me: no, it's faker than that. Most money is bank credit, created by private banks. Not the government, not the Fed, banks like Chase or Bank of America. They take zero dollars and turn that into a loan and debt. They decide who gets new money. Capitalists decide where new money is created and who it goes to. If the government paid back all government debt, there would be no more treasury bonds, and then if everybody paid off all their private debt, there would be no more money.
Them: wow, so most money is just credit corresponding to debt, and there's just a small amount of money they borrow from the federal reserve that was created by the government.
Me: no, it's faker than that. Since 2020 reserve requirements were abolished. Banks don't need to legally keep any money on hand or borrow money from the federal reserve or each other at all. They can just pay interest on every dollar they create to the federal reserve without borrowing from the Fed at all.
Them: oh. So money is REALLY fake.
Me: yeah. so if the government just paid off all of our student debt it wouldn't affect the money supply at all. It would do nothing to the economy other than release a huge debt burden. So let's do that.
I Make Things Out of Metal
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Rogue Nexus 6 living in Night City
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