all 12 comments

[–]EthnocratArcheofuturist 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (10 children)

This doesn't make any sense bacause inflation erodes debt, which is bad for creditors. The elite doesn't want that to happen at all. There's a reason why the financial sector has been hysterical about hypothetical inflation ever since the late 1970s. It seems to me you're deifying the elites again.

[–]casparvoneverecBig tiddy respecter[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (9 children)

inflation erodes debt

Exactly the point my friend.

The US gov is 30 trillion in debt and 90 trillion in unfunded liabilities. Inflation would wipe that debt away. As for banks, they're highly consolidated and all owned by the big four banks: Blackrock, Vanguard, State Street, and JP Morgan. They're immune to economic collapse and would be bailed out by the fed in any case. Plus, they hold massive quantities of hard assets like real estate. So they're safe.

[–]EthnocratArcheofuturist 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (6 children)

You're missing the point. It's not about government debt, which isn't actually a problem, it's about private debt. Inflation will erode a lot of private debt, which is a nightmare scenario for creditors.

[–]casparvoneverecBig tiddy respecter[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

The banks are no longer dependent on private sector debt anymore. They make most of their money through investing in stocks, derivatives, real estate, and other forms of venture capital. That was the old model of banking. This is the new model, in vogue since the 2008 crash.

[–]EthnocratArcheofuturist 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Here you can see that loans are still a major part of US banks' revenue: https://www.mx.com/moneysummit/top-us-retail-banks-income-revenue/

[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Dude, private debt in the US stands at a staggering 164% of GDP. If even a moderate amount of that debt gets eaten away by inflation it would be a big loss for them.

[–]casparvoneverecBig tiddy respecter[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (2 children)

big loss for them.

And they will take the loss. This isn't about money, they're beyond profit or loss. They can print the money. This is about power, political and social power. And the banks won't collapse from such a loss. The Fed will bail them out and the US treasury will keep them from falling as we saw in the 2008 crisis.

[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I doubt they can do what they did in 2008 again, but we'll see.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

the feds bailouts have continued since then, big banks will never abide by losing money. This idea of the great reset is just for them to gain more power. Money is printed out of nothing, it is just a means to an end.

[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

One more thing, the elites don't wan to inflate our way out of debt. They want more economic growth to reduce the percentage of debt to GDP. Economic growth - especially in the 21st century - is a scam to keep the masses distracted from the grotesque amount of inequality within the system. The problem for them is that economic growth remains persistently low, hence the stagflation.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

economic growth possibly leads to the middle class gaining ground and they don't want that. They hate "new money".

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

This is the ultimate aim of the great reset: To render populations completely dependent and servile on the international plutocracy. And its being implemented in front of our very eyes.

Absolutely.

The elites are betting that the coming economic collapse through inflation will wipe away their debt

Wait, the elites don't have debt.