>Steve Keen has spent years pitching what he calls a Modern Debt Jubilee.>The government creates money and hands every adult the same lump sum.>Anyone in debt has to use it to pay down what they owe. Anyone debt-free has to put it into newly issued company shares, and firms use that cash to clear their own debts.>Banks get compensated through interest-bearing government bonds, so nobody's balance sheet blows up.How is this any different from the government simply printing money?Aside from causing the U.S. inflation rate to continue rising and the stock market bubble to grow even larger, what significance does this have?
>>539406696Well, they could enforce money and call all fed dollars illegal. Or they could just print a 38 trillion dollar bill and give it to the fed as legal tender.
Indeed. What incentive do I have to not just take out yet more debt after this if I'm a yank?
>>539406696In more civilised times, the King would just clear all debts every few years.The Judeo-Capitalist system can't do that because the economy is the debt. Jew merchandising is all about creating systems that produce no value but generate profit.
>>539406696>implying most people handed a large sum of cash will use it responsiblyI foresee a lot of new rims and sound systems being sold, not clearing debt
>>539406696>How is this any different from the government simply printing money?That's the neat thing. It's not.
>>539407574>I foresee a lot of new rims and sound systems being soldBuy Steam Games
>>539406696Fuck it man just keep printing money until hyperinflation happens there's a giant crash and then 20-30 years from that crash things will start to stabilize again
Nothing will happen until people reject banks and reject their "currency."
>>539406696Just print enough money to pay it all off
>>539406696it's actually worse than printing money because at least money printing allows us investors to exploit the Cantillon Effect>>539407574good. sound systems and rims stimulate the economy
>>539406696Why not just get rid of the federal reserve and all private central banks ? Then ban usury ? That would solve a lot of problems. Oh wait they will murder anyone who tries that.
>>539407959Hyperinflation will be caused by someone like Mamdani who promises the poor who do not understand why they cant afford anything anymore tons of free stuff. The poor will never understand, they do not have the inclination to understand, which is exactly why this devious system has worked for a hundred years. Mamdani or whomever will promise the poor all types of free stuff (like in OP) which will cause outrageous hyperinflation. For example in California the average high school teacher makes 6 figures. They will yank up the minimum wage to 40 an hour and stuff like that. The plebs will never understand how modern currency works because it was designed to trick them.
>>539406696>HAS toThat’s fucking adorable. We are in this fucking mess because we have 0 oversight for any funding we allocate. The women in snowgadishu HAVE to allocate their funds for taking care of children in a day care. They HAVE to. Yeah that’s worked out so well. Game devs are getting laid off because they closed USAID. Subsidies for women hiring initiatives are drying up. This giant fat fuck in office couldn’t legislate anything unique if he tried. He is the bitch of people like Lutnick and Kushner.
>>539408182They don't have to murder anyone because the masses are easily tricked into believing politicians can make infinite money since the masses do not understand economics any more than they understand physics or history. That is why this system has been unassailable for decades. The only way out is to disengage from the state and banking apparatus and create parallel societies which do not use the bank paper.
>>539406696An alternative solution is to make interest rates illegal for loans and credit cards in excess of 2% and any money that used to pay interest on loans and credit cards above 2% must be returned to one who took out the loan or credit card within 30 days OR any outstanding loan or credit card debt forgiven with the issuer eating the cost and they cannot write that loss off on taxes.INCLUDING the fed.
>>539406696money is fake and gay
>>539406696That sounds interesting, but if transferring the money is mandatory, why the disbursement? And how much would each person get? 20,000? 30?
>looking for a new debt reset plan>ask the economist if the plan is default or debasement>he doesn't understand >pull out illustrated diagram explaining what is debasement and what is default >he laughs and says "it's a good plan sir">implement the plan>it's debasement
>>539409245Finally, a funny br*t
>>539407574That's the thing: this "endowment" would clear their debt, after which they would get into debt again lol.
>>539406696>Is debt free but the government is going to force me to invest in the slop market against my will>Instantly debtmaxx the amount I'm supposed to be given>Instantly pay off that debt and now I have money in the bank.This is a stupid idea sans the debt cancellation for the public
>>539406819>Well, they could enforce money and call all fed dollars illegal. >Or they could just print a 38 trillion dollar bill and give it to the fed as legal tender.Correct, FED is a private bank. What fed generates is "Federal Reserve (Debt) Notes", not US Dollars.1. You can ban fed from issuing debt notes. 2. You can issue real debt free currency , either force fed to do it, or use US treasury. >US treasury is where the real US gov taxpayer money is paid. 3. They can issue $38 trillion (or less , as 1/3 of that "debt" is fake) and pay boomer gov debt off. 4. They can issue non debt currency. 5. They can issue non debt crypto currency .There are easily 5-6 ways forward from here.
>>539406696>Government pays people to pay off their debts to banks>Government pays for it by borrowing money from banks>Banks keep the money they got from people and don't dissolve the government debt used to pay for itIs this a joke?
>>539409245You shouldnt' be asking an eCONomist educated by London school of eCONomics, hiding Central banker and other private bankers created inflation. There are, however, other ways forward: >>539409829
>>539406696>>539407898Hi, faggot on hacked chinese telecom IP. Here's 5 solutions for you: >>539409829
>>539409829>There are easily 5-6 ways forward from hereAnyone with real power who so much as hints at any of them will get put in a convertible and driven through Dallas.
>>539406696>yet another plan to trick the goyim into saving bond holders and corporations which are totally people and americanHow about we just levy tariffs on imports while giving out a portion of the share to everyone with an SSN without the jewish requirements to then hand it over to corporations and their increasingly foreign ownership.
>>539406696> banks get compensatedwhy? their goal is to destroy america, so just let them fail and kill them
>>539408216>Hyperinflation will be caused by someone like Mamdanigood. heil mamdani. death to the system> who promises the poor who do not understand why they cant afford anything anymore tons of free stuffas opposed to promising them managed decline?>Mamdani or whomever will promise the poor all types of free stuff (like in OP) which will cause outrageous hyperinflation.good>For example in California the average high school teacher makes 6 figures. They will yank up the minimum wage to 40 an hour and stuff like that. The plebs will never understand how modern currency works because it was designed to trick them.right, the system was designed to kill them, they should demand more and riot
>>539408297>masses do not understand economics any more than they understand physics or history.physics is intrinsically difficult, but history and economics are lied about by university scum. all universities need to be shut down and the student loans canceled in exchange for reposessing and selling the degrees. ill buy a masters in gender studies for 100$
>>539406696Seems like a great opportunity to arrest the federal reserve board and throw them in prion for treason.
>>539406821Politicians here are addicted to money and will do anything to 'fix' problems except being fiscally responsible
>>539409920That is definitely the main thing that keeps it from being a real jubilee. In ancient Mesopotamia, when they did a debt jubilee, it came at the EXPENSE of the lenders. The lenders would lose any land they'd seized for non-payment. Any money they'd lent and not gotten back, they simply lost. Any payment plans that were set up were instantly voided. It wasn't a clean slate for everyone, it was a clean slate for plebs only, and lenders instead got a whole bunch of red added to their balance sheets.That's an important aspect of the debt jubilees, because it adds risk to the practice of lending at all, and cuts back the lending class to make sure they don't get too powerful. That they are harmed and put on the back foot keeps them in check, which was an extremely important function of the jubilees. And notably, no amount of jubilees ever kept lenders from lending. After licking their wounds they were always back at it in time for the next debt jubilee to wipe out a bunch more debt in ten years or so.This plan, because it's from a fish swimming in water, still can't attack the sacred cow of Roman-style lending where it is assumed that all deals should be honored forever and lending is just a normal business like any other. It doesn't take into account the fundamentally predatory/enslaving nature of lending and that lenders who are too protected from losses of those sorts will come to rule the world; unaccountably, in secret.
>>539406696For those not aware, debt jubilee is just one of the 3 way collapse officially manifest.not let expert languo linguo fool you.Refer to my old post for a fast resume.
>>539406696Zimbabwe did this too, how did it end up?
>>539411367>how did it end up?Not so good
>>539410169Yes, but the issue is their ponzi ran out of people to scam. The 1% got all the resources and bankrupted 50% of the people.Their ponzi is over. When JFK was killed ponzi just barely started, now everybody is bankrupt. In order to avoid a violent revolution of the poor and bankrupt masses the'd have to do something.
>>539406696>How is this any different from the government simply printing money?It isn't. It is printing money with a handful of limitations, but the result would still be pretty much the same.Inflation would skyrocket because with their debts cancelled, people would be a lot more liberal with their finances (until they get all the debt back again) increase demand for all goods. Interest rates and debt for the government would also go up, thus leading to more money printing. In less then a decade the situation will be worse than if nothing was done.
>>539406696>bail out the banks and shitty corporations while billionaires run off with all the wealth they stoleBullets are cheaper. But americans are retarded.
>>539406696>finally save up a significant nestegg to build with>currency reset wipes my labor tickets' value to 0I'd resort to a life of crime if they do this to me
>>539410779about time people start taking about all those laws hidden in Lev and Deut. heres some more regarding that one everyone makes fun of
>>539411783>the company that printed zimbabwe bux during hyperinflation>are now the company responsible for printing all the cash money in canadaheh
>>539406696>we must punish people who spend and save responsibly and give it to niggers and retards who get $300,000 humanities degrees and rack up tens of thousands in CC debt to buy designer purseskys
>>539412736ok how about(1) cancel the student loans(2) repossess and sell the degrees
>>539412736remember, bankers need to die, humanities degree hodlers just need to lose their bullshit jobs
>>539406821None, in fact, they expect you to do it
>>539411850>In less then a decade7 years until the next jubilee. and then no one lends to the poor because they cant enslave them hahahahahahahaha
>>539406696Bump for interest.What about just nationalizing the Federal Reserve and profits go to a citizen owned sovereign wealth fund? >Trump is starting a US Sovereign Wealth Fund. >Loans came from the government wealth fund. The treasury prints the money, loans it to citizens at very low or no interest rates. Any interest collected goes to the wealth fund that is owned by the US citizens. (Jews hate this of course). >Cost for running the fund is paid for out of taxes. >Everyone can afford a house. >Everyone can start a business. https://www.whitehouse.gov/fact-sheets/2025/02/fact-sheet-president-donald-j-trump-orders-plan-for-a-united-states-sovereign-wealth-fund/
>>539407405>Jew merchandising is all about creating systems that produce no value but generate profit.It's technically Rent Seeking. Rent-seeking refers to the practice of individuals or groups using their resources to obtain economic benefits from others without reciprocating any benefits to society. It involves using political influence, lobbying, or other means to capture a share of existing wealth rather than creating new wealth through productive economic activities. Rent-seeking is increasing one's wealth without generating any more wealth. It is a term used in economics to describe situations in which a person or organization tries to improve its riches at the expense of society. It is financial gain obtained by resource management that is cunning or manipulative. For example, rent seekers may benefit in a market through attempts to capture regulatory authorities. It will help them obtain a coercive monopoly while the organization's uncorrupt rivals may suffer. Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth. Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, stifled competition, reduced wealth creation, lost government revenue, heightened income inequality, risk of growing corruption and cronyism, decreased public trust in institutions, and potential national decline. Successful capture of regulatory agencies (if any) to gain a coercive monopoly can result in advantages for rent-seekers in a market while imposing disadvantages on their uncorrupt competitors. https://en.m.wikipedia.org/wiki/Rent-seeking https://www.britannica.com/money/rent-seeking
>>539407959>Fuck it man just keep printing money until hyperinflation happens there's a giant crash and then 20-30 years from that crash things will start to stabilize again
>>539409829DELETE THIS POST YOU ANTISEMITIC BIGOT.
Why could the boomers buy a house for $10k, but houses now are $500k? Because The Jews transfer wealth to themselves through inflation by the Federal Reserve printing $trillions. Imagine that you have a machine that can print endless amounts of $100 bills. >Print $500k then go buy a house>Now you own this house.>Repeat. >Soon you own the whole neighborhood>Repeat for decades. >Own 100,000's of houses>Rent house to goyim>You collect 50% of the goyim's paycheck>You own 50% of the goyim's labor>goyim must rent foreverHousing prices are now astronomical and ordinary people can't afford to buy. Vast numbers of goyim now work for you in virtual slavery. This is wealth transfer from the citizens to the Jews who own the central banks that print money. Enslavement through central banking.>By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. - John Maynard Keynes https://archive.org/details/a-history-of-central-banking-and-the-enslavement-of-mankind-pdfdrive https://archive.org/details/secretsofthetemplehowthefederalreserverunsthecountryThe Creature From Jekyll Island.pdfhttps://archive.org/details/pdfy--Pori1NL6fKm2SnY
>>539414407> if the government can just print money why do i have to pay taxes
>>539414271>What about just nationalizing the Federal Reservethe federal reserve note must die firstdue to epstein being tied up in all of thisit will drag on until one day it no longer does
>>539409829n.b. jefferson thought the bank was unconstitutional
We should start using swrews nuts bolts and washers as currency, becuase this money is starting to sound alot like widgets.
>>539414669>We should start using swrews nuts bolts and washers as currency,Bottle cap?
>>539414628based Jacksonposterreminder The City of London began planning the US Civil War the moment Jackson destroyed the Second Bankthis is why the US Gov became a gaggle of corporations once Congress sold us out after the civil war
>>539414628>. jefferson thought the bank was unconstitutionalyep
>with this plan we will hit inflation numbers never seen on planet earth before!
>>539414362>without creating new wealththis a good thing you retardalmost every problem we have is infinite wealth creationall you saying here is a bank couldnt make a loan on a rent seeker business and create more money which is the only actual method of creating wealth when it comes to fiat currency
>>539406696>How is this any different from the government simply printing money?Because that's exactly what it is. They just want to reframe hyperinflation as charity. 40 gorrillion of debt is easier to pay off when the USD is debased to hell
>>539408265WTF are you even talking about, you spastic libturd? Modern games don't suck because USAID was cut, LOL LMAO even.
>>539410779>That's an important aspect of the debt jubilees, because it adds risk to the practice of lending at all, and cuts back the lending class to make sure they don't get too powerful. That they are harmed and put on the back foot keeps them in check, which was an extremely important function of the jubilees.Probably the most important function. Good post.
>>539406696That plan sounds great. The government gives me money but then they spend it for me. Get this guy on the line with the government before the librals get him on their team
>>539415386>without creating new wealth>this a good thing you retardDid your mother drop you on your head as a child?
>>539406696The powers that be have a new system that has been in the development for decades now, ready to be rolled out in the coming years. It will operate in parallel starting sometime this year and by the next decade it will be fully operational as the Agenda 2030 goals are slowly being implemented.There will be no collapse, no violence, no uprising, no world war, no draft, no revolution, no killing of jews or politicians or other such fantasies. Instead there will be law & order, compliance and total surveillance until the very end. AI will be at the center of it all. The Great Reset is inevitable.
>>539417317fuck off, jew
