stacksatsio on Nostr: No. All these cuts will impact everyone, it’s just a reverse cantillion effect. As ...
No.
All these cuts will impact everyone, it’s just a reverse cantillion effect.
As those who relied on parasitism are cut off, they cannot afford to fund their existing obligations. They spend through their savings trying to maintain their lifestyle and maybe a few are lucky enough to get private sector money to replace it and continue on.
The majority who are completely useless will not be absorbed by the private sector and can’t go work those jobs the illegal immigrants were doing to maintain their lifestyle.
So they sell cars and other assets, then they begin defaulting on car notes and then mortgages.
Then the banks start spiralling, that impacts EVERYONE in the economy.
This is all the calm before the storm. It might feel good right now but there is an immense amount of pain on the horizon once those second and third order effects play out and no-one (other than those completely outside of the fiat system) will be shielded from it.
All these cuts will impact everyone, it’s just a reverse cantillion effect.
As those who relied on parasitism are cut off, they cannot afford to fund their existing obligations. They spend through their savings trying to maintain their lifestyle and maybe a few are lucky enough to get private sector money to replace it and continue on.
The majority who are completely useless will not be absorbed by the private sector and can’t go work those jobs the illegal immigrants were doing to maintain their lifestyle.
So they sell cars and other assets, then they begin defaulting on car notes and then mortgages.
Then the banks start spiralling, that impacts EVERYONE in the economy.
This is all the calm before the storm. It might feel good right now but there is an immense amount of pain on the horizon once those second and third order effects play out and no-one (other than those completely outside of the fiat system) will be shielded from it.