YumiBod on Nostr: Monetizing debt creates a negative economy, devoid of treasure, stacked with ...
Monetizing debt creates a negative economy, devoid of treasure, stacked with liabilities as far as the eye can see. How many banks today have real, positive assets in their treasuries? How many central banks? How many nations? It's all IOUs. I hope I live long enough to see a world economy based on positive wealth, where assets are real treasures that required energy to produce, and debts are counted as liabilities, negative assets, risks. The current system is entirely backwards.
Published at
2024-02-15 01:06:06Event JSON
{
"id": "f75730270e9730747e76fbc02b4ad97a98cd54b89873d047098a6e0046c07c30",
"pubkey": "45d7d4f3e3f4e88c8c3feb8baa11d3dc0046ce720e21b9717e9137654ba50e7e",
"created_at": 1707959166,
"kind": 1,
"tags": [
[
"e",
"55ca572df2bb6ac0427d6ab23ff77df3dfb3924d33b9b56368ae33e59aaef19a",
"",
"root"
],
[
"p",
"b7996c183e036df27802945b80bbdc8b0bf5971b6621a86bf3569c332117f07d"
]
],
"content": "Monetizing debt creates a negative economy, devoid of treasure, stacked with liabilities as far as the eye can see. How many banks today have real, positive assets in their treasuries? How many central banks? How many nations? It's all IOUs. I hope I live long enough to see a world economy based on positive wealth, where assets are real treasures that required energy to produce, and debts are counted as liabilities, negative assets, risks. The current system is entirely backwards.",
"sig": "ee4145491edacf1f0691c5d6d2560eaee5cc4cdf00623aecfb6b38782cdb6e23ab1d918dcd85c0643c91fa0461917524552a40ad8e1333c2d47b473eaed9f040"
}