FuckyWucky [none/use name]

Pro-stealing art without attribution

  • 542 Posts
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Joined 3 years ago
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Cake day: March 21st, 2023

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  • There is no money printing. The US Government “prints” ie issues, all money is “printed”, always has been.

    Then the Gov taxes it back. And banks make you pay back loans. You can’t pay taxes unless you have money, so spending comes first. Spending creates income.

    No one ever lends US Govt any money. They make it, China has Dollars because they export to the US, not because they are financing US domestic borrowing.

    This isn’t exclusive to the US, it applies to China, Russia and all others too. None of their federal Governments borrow.


  • Nothing will change if you don’t believe it can. If all this does is delay fascism for a day. That’s one less day of people dying and suffering for really stupid and avoidable reasons. Seriously, what’s the point of your comment? Are you trying to get me bummed out and not vote? by deaf_fish @negativenull@lemm.ee

    Individual votes have no value. It was Biden and Kamala’s fault for not campaigning on good policies. Hexbear’s (or leftist) stance on whether or not to vote for him doesn’t change this.

    Also, Biden is directly responsible for deaths of hundreds of thousands of people by aiding Israel, and Democrats are responsible for many more domestic deaths by the way of social murder especially considering they had majority control for some time. That Trump may kill more doesn’t change this fact.







  • Once maybe. The fact is that the US and Israeli arms industries have commingled and each relies on the other for different expertise. A full arms embargo would certainly lead to at least the risk of Israel trading arms secrets for access to weapons made elsewhere. Israel is not a passive purchaser of weapons or intelligence technology.

    No, the entire economy is propped by the U.S. backstop. Israeli bonds, currency, financial assets are valued highly because U.S. defends it. It’s not always as explicit as military ‘aid’.

    Also, if these are the kind of arguments AOC is thinking about, she deserves to lose. I’m not attacking you, but AOC.












  • why do CBDC? SEPA/SEPA Instant already exists and can clear payments just fine without involving VISA/Mastercard. Will people recieve salary in this digital Euro account? probably not because banks lobby, they want cheap funding source i.e. customer deposits. most people wouldn’t want it since there is no interest paid (compared to tiny to moderate interest in savings accounts), you don’t have card even as an option. Like I don’t mind ppl using central bank liabilities for payments but the entire capitalist financial infrastructure is built around commercial banks. its just inconvenient having to transfer money between commercial bank and ECB wallets.

    It won’t destabilize existing financial system or result in bank runs, all banks in the Eurozone are ultimately backstopped by the ECB. bank lending isn’t reserve constrained, it is true that losing cheap deposits may reduce profitability of banks, but that’s it. they will be able to lend just fine because of ECB’s LTROs, TLTROs etc.

    the privacy argument against CBDCs is silly though. Commercial banks ultimately work because of Government, they use Government money for clearing. Governments can just ask them for your data if needed.

    Subsidize SEPA/SEPA Instant. Make it free, a public service. Market it by using the said arguments, people will use it more then. Maybe even force banks to issue cards like Mir in Russia or Unionpay in China.