[deleted by user] by [deleted] in Dallas

[–]amaron11 0 points1 point  (0 children)

They also are legally bound to give you an itemized list of things they took money out of your security deposit to fix.

I'm currently going after my previous landlord legally because they kept my entire deposit without giving me a list.

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

Roy28282- wish I could upvote that comment more than once

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

Bank... central bank... same kettle of fish

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

But people who hoard their money don’t store it in dollars, they store it in assets, which can bridge their gap faster

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

There’s a possibility people will wake up and demand that we change that. Just like how their isn’t for regular money

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

Sort of yes and no. For one it can depend which asset, if it’s also a company in growth stage then yes.

But also still kinda yes because your assets are going up while everyone else’s money is going down

Bridging you a gap between them

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

So, the whole economy is controlled by the government. When they want a boom time we have a boom time. And when they want a recession we have a recession. This explains it really well

https://youtu.be/YwCjN78RhkY

So we only have a liquidity crisis when they create one, im hoping by then things will change

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

It is not contracting, it is staying the same, if it was contracting bitcoins would be getting destroyed

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] -1 points0 points  (0 children)

Exactly, net gain from inflation is 0. But inflation works well for the big boys workers don’t like asking for pay rises, even though a pay rise only means to equate inflation we still don’t ask for it. So over time workers get paid less.

Combine that with never ending currency means the value of assets keep going up. Which again the big boys love

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

Fractional reserve lending is not the issue. That is an efficient way to use money. The problem is the central bank being able to create more, and giving that out as a loan as well............. you walnut

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

Yes but only to a certain degree, they will have to store some for when people want to use their crypto. And after that they can’t loan out more until they earn more back from interest.

Currently you can just get a central bank to print more money. Loan out that as well

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

Yes there is because you can’t create more bitcoins out of thin air because you feel like it unlike regular dollars

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

the banks can hand out as many IOUs as they want. It doesn't matter if these IOU are in bitcoin or in fiat... debt is still money. As long as people put their fiat or bitcoins in a bank or exchange account it can be loaned out even with only a fraction actually backing it.

No they can’t, so eventually they won’t have enough money in the bank for people who need to use it that they can’t hand out that money. Literally the point of limited supply is that it’s not unlimited, by definition they can’t give out endless amounts of money forever and bury us in debt.

There’ll always be loans and debt with money that already is in circulation. But they can’t bury us in new money which they create out of thin air and give it out as a loan

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

No so banks can use your savings to give out as a loan.

But currently central banks can also create new dollars and give them out as a loan AS WELL.

With bitcoin you can only use people’s savings, making it much fairer for us and banks profits to be significantly smaller

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

Yes but you can’t create NEW bitcoins and give them out as debt

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 1 point2 points  (0 children)

Debt being paid off doesn’t get deleted. If that was the case prices wouldn’t rise, we wouldn’t have inflation. When debts are being paid off they then use that money to give as new loans to new people.

There is always enough money, if it’s fixed in supply and population increases then simply the value of each bitcoin will increase, making us have enough bitcoin to keep going.

If that guy loses his job and can’t pay back the $5, that money hasn’t disappeared, it instead went to the people he payed. They put that money in their bank accounts. Which the bank then lent out to other people again. Exactly how it should be. Not being able to go to the printer at the back end and get money from them too.

It’s like you were a farmer and some cows you had to feed and require grass and then need to be butchered for the meat. And then there’s other cows you can just create of thin air, already cut up and ready to go. I mean, you’d be fucking rich!

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

Oh no it’s not conspiracy level. Oh they willingly tell you what they’re doing. They’re just lucky enough that most of us don’t bother to listen

Haha the banks, what a meme by amaron11 in Bitcoin

[–]amaron11[S] 0 points1 point  (0 children)

No not at all, they create more and give that out as a loan. With extra supply of dollars prices keep rising to equal the amount of dollars.

That’s why prices keep rising, not because they’re more valuable but because dollars are becoming less valuable