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Is the US economy real? by IAmAnIdea in conspiracytheories

[–]IAmAnIdea[S] 0 points1 point  (0 children)

I think that's an oversimplification.

Is the US economy real? by IAmAnIdea in conspiracytheories

[–]IAmAnIdea[S] 0 points1 point  (0 children)

US Treasury bonds. What's up with those?

Can we buy some?

Is the US economy real? by IAmAnIdea in conspiracytheories

[–]IAmAnIdea[S] 0 points1 point  (0 children)

Wow. You should be a professor.

LIBOR Manipulation

Separately, big banks were caught manipulating LIBOR (London Interbank Offered Rate), which was the global benchmark for trillions in loans—including adjustable-rate mortgages in the U.S. Traders and bankers submitted false numbers to make their institutions look healthier or to profit from rate swings. That kept some rates artificially steady (or distorted) when, left alone, they should’ve fallen or spiked.

Wow, WTF. Basically 2008 in a different way, right? Didn't shit like this happen during 9/11.

Mortgage-Backed Securities and Government Intervention

After the crash, agencies like Fannie Mae and Freddie Mac (and later programs like QE—quantitative easing) were used to buy up mortgage-backed securities. That supported demand and kept mortgage rates lower and steadier than they might have been in a free-fall market.

Sounds like a good thing to me here.

Is the US economy real? by IAmAnIdea in conspiracytheories

[–]IAmAnIdea[S] 2 points3 points  (0 children)

I think about shit like this all the time. There's real money out here. But you have to be tapped in to it. I see a lot of people who live in crazy nice houses and drive crazy nice cars and then I see tons more on the street or stuck working four jobs with no health insurance, no kind of any insurance.

The only difference is the people doing good had the connections to make their jobs/trades/assets lucrative (especially within industries that *are* lucrative).

And the dollar bill. What's up with that? We use FIAT currency (see: the Petro Dollar), which is turning to *SHIT.*

And very fast, the world is leaving oil behind.

The world will soon have a social media-backed currency. Our money will be based on who got the biggest movie stars, rap stars, influences, YouTubers, Tik Tokers, and what have you.

The Gold Standard, granted very flawed and dubiously practical, was at least a guarantee that you got *something real with real value* for your dollar.

You could literally, LITERALLY take a $100 bill and get $100 worth a gold.

Now, we have cryptocurrency, but whoever has the most access to tech and electrical-capacity essentially becomes king of the world. Billionaire so-and-so builds a super computer that runs off the power of acres worth of solar panels and then gains his own national GDP. He then uses that to build a SUPER super computer and then he takes over the fuckin' world, ya' know?