plebiANON on Nostr: The monetary system is a credit money system. It is printed out of thin air and that, ...

The monetary system is a credit money system. It is printed out of thin air and that, in and of itself, makes the entire system a fraud. There is 9 times as much dollar denominated debt than actual dollars that exist because of fractional reserve lending and credit creation dollars, and it is literally impossible to repay all the debt that exists. So, as debt becomes due or too expensive for some holders, there is a race to get actual base money dollars to pay off or down the debt. This requires the sale of assets. As debt goes down, asset prices go down. I think my original post answers the rest.