Liberty Farmer on Nostr: governments don't need fractional reserve banking. They are the bank. They control ...
governments don't need fractional reserve banking. They are the bank. They control the amount of currency in circ and the overall debt. As we have seen time and time again, if they cannot actually sell debt, they will inflate the currency, such as turkey just did. 75% currently. Nobody wanted to buy their bonds for a few years now.
Published at
2024-06-06 13:14:08Event JSON
{
"id": "9e7445a7c99d2c8c6deb65d5a1eb1d0f604e5d798bf1864ea200b37a1e8081a8",
"pubkey": "e3aefda887252a72cee3578d33b2dcd90e9fe53b8bed6347ef5e26f74211adbb",
"created_at": 1717679648,
"kind": 1,
"tags": [
[
"e",
"945a906b51eb17bbf3e385b6ed00169793b724f5d1ba289996f28746101e206f",
"wss://junxingwang.org",
"root"
],
[
"e",
"16a37dbf29be78980bb7fa7af4cf37c85577b655be75a5771980febc12e9b7d0",
"wss://junxingwang.org",
"reply"
],
[
"p",
"472f440f29ef996e92a186b8d320ff180c855903882e59d50de1b8bd5669301e"
],
[
"p",
"bc6ccd13a32f94d36564dac8f5963a0d69c583c9968341bbdf278b21f53098e4"
]
],
"content": "governments don't need fractional reserve banking. They are the bank. They control the amount of currency in circ and the overall debt. As we have seen time and time again, if they cannot actually sell debt, they will inflate the currency, such as turkey just did. 75% currently. Nobody wanted to buy their bonds for a few years now.\n",
"sig": "2e05dc6edc2595ada3dce4f64376ae4d9fa25bb1beaa8cfbfb007b74e33e615e7948ea11c2a1a9800c51d688ff37e9d625f9bee8be8f765bef70e28d6db34d01"
}
