Fractional Reserve Banking Is Legalized Counterfeiting
submitted 1 year ago by Questionable from (youtube.com)
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[–]send_nasty_stuff 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 1 year ago (2 children)
I like this framing. We should use this language more often when talking about the topic to normals. Everyone can understand counterfeiting.
[–]EddieC 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - 1 year ago* (1 child)
Suppose: You have found out that the cruise ship that you & your fellow passengers are on, is sinking. There are many reasons why it is sinking, including counterfeit parts, seaworthiness certified by corrupt officials,... but most importantly the ship owners want to sink the ship (edit: for the insurance money? possibly, but nothing is certain) - they don't care for survivors (they probably don't want any survivors) Meanwhile, the ship IS sinking What information do you think would help passengers of the ship deal with their situation?
[–]Ehhhhhh 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 1 year ago (0 children)
Depends on speed and passengers abilities, but everything eventually.
4 first
1 next if it could be fixed and stop the decline or slow it down.
2 since that still helps right the ship
3 so they can watch for future issues
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[–]send_nasty_stuff 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (2 children)
[–]EddieC 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - (1 child)
[–]Ehhhhhh 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)