The coming economic collapse due to inflation will be used by the elites to push the great reset

submitted by casparvoneverecBig tiddy respecter from self.debatealtright

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[–]casparvoneverecBig tiddy respecter[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (3 children)

inflation erodes debt

Exactly the point my friend.

The US gov is 30 trillion in debt and 90 trillion in unfunded liabilities. Inflation would wipe that debt away. As for banks, they're highly consolidated and all owned by the big four banks: Blackrock, Vanguard, State Street, and JP Morgan. They're immune to economic collapse and would be bailed out by the fed in any case. Plus, they hold massive quantities of hard assets like real estate. So they're safe.

[–]EthnocratArcheofuturist 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

You're missing the point. It's not about government debt, which isn't actually a problem, it's about private debt. Inflation will erode a lot of private debt, which is a nightmare scenario for creditors.

[–]casparvoneverecBig tiddy respecter[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

The banks are no longer dependent on private sector debt anymore. They make most of their money through investing in stocks, derivatives, real estate, and other forms of venture capital. That was the old model of banking. This is the new model, in vogue since the 2008 crash.

[–]EthnocratArcheofuturist 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Here you can see that loans are still a major part of US banks' revenue: https://www.mx.com/moneysummit/top-us-retail-banks-income-revenue/