Nothing from Nothing leaves Nothing. You have to have Something if you’re going to be.
Baldy is a prime example of the Flatterers of Dante’s 8th Circle 3rd Malebolge. They were slogging through a sea of shit and when they opened their mouths shit came out.
He enthusiatically tells you about inflation and re-hypothecation and quantitative easing and printing new money, then tells you that that is how the System Works.
BULLSHIT.
Aristotle said that MONEY is time and value invariant. You can’t ‘sell’ something that doesn’t exist! Well… you can and they do… but that doesn’t mean that it isn’t FRAUD.
So, with a smile on his face and expressive body language he is CELEBRATING the fact that the entire non-monetary non-system of the Yewknighted States and the Whirled is one massive unopposed FRAUD.
Then he goes on to compare and contrast that what Elon discovered is that the fraudulent government that shores up the fraudulent system with millie tarry might has gone so far as to create ex nihilo (From Nothing) a NEW fraudulent system.
Fraud based on fraud is still fraud.
Fraud has no statute of limitations.
Fraud of Falsifying was punished in the 10th Malebolge of the 8th Circle.
So what if the government simply has computers printing out checks that are not backed by, or debited to any assets?
Fiat Currency means: So Be It.
The entire system was founded on the Faith and Trust of a dollar being defined as 100 cents while a cent is defined as being 1/100th of a dollar.
What the ‘discovery’ of the check printing machines is that it was all an illusion to begin with so whether you are talking about silver, gold, constitutional coin, FRN debt notes, electronic ledger entries, or just makin’ shit up, it has always been the same.
Nothing.
You can’t eat gold. You can buy it for ~$3000 per ounce when it trades between nations for ~$40. Did they ever find gold at Fart Knocks? I don’t know. I quit following it when it turned into a Geraldo Rivera Al Capone’s Vault.
We can argue the virtues of being in Circle #1 vs. Circle #9 in Hell, but the bottom line is: You’re STILL IN HELL !
So, what if they print money out of thin air?
It’s been that way for eternity.
Before I was No Thing Created were Save the Eternal And I, Eternal, Abide Relinquish All Hope Ye Who Enter Here
I heard someone mention the Credible Threat Theory. I had to look it up and it is:
"Credible threat theory is a concept in game theory that states that a threat is credible only if it is rational for the threatened party to believe that the threatening party will carry it out. The threat must serve the best interest of the threatening party, and the threatening party must be willing to carry through with the action that is being threatened regardless of the choice of the other party. Threats and promises can be used to alter other players’ expectations of future actions, and thereby induce them to take actions favorable to the threatening party or deter them from making moves that harm the threatening party."
It does look like a mausoleum!
I heard someone mention the Credible Threat Theory. I had to look it up and it is:
"Credible threat theory is a concept in game theory that states that a threat is credible only if it is rational for the threatened party to believe that the threatening party will carry it out. The threat must serve the best interest of the threatening party, and the threatening party must be willing to carry through with the action that is being threatened regardless of the choice of the other party. Threats and promises can be used to alter other players’ expectations of future actions, and thereby induce them to take actions favorable to the threatening party or deter them from making moves that harm the threatening party."
Sounds about right to me.
About that "money..."
Shall We Define “Money?” (article): https://amaterasusolar.substack.com/p/shall-we-define-money