disruptvestor on Nostr: Monetary systems built on unbacked fiat lead to lose lending practices. Lose lending ...
Monetary systems built on unbacked fiat lead to lose lending practices. Lose lending practices lead to bad loans. Bad loans increase chances of defaults. Defaults are reduced by forced recapitalizations. And to recapitalize, the central banks print more unbacked fiat.
Published at
2024-09-05 10:08:48Event JSON
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"content": "Monetary systems built on unbacked fiat lead to lose lending practices. Lose lending practices lead to bad loans. Bad loans increase chances of defaults. Defaults are reduced by forced recapitalizations. And to recapitalize, the central banks print more unbacked fiat.\n\nhttps://m.primal.net/KfKe.png ",
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