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] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

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 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Dude, private debt in the US stands at a staggering 164% of GDP. If even a moderate amount of that debt gets eaten away by inflation it would be a big loss for them.

[–]casparvoneverecBig tiddy respecter[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (2 children)

big loss for them.

And they will take the loss. This isn't about money, they're beyond profit or loss. They can print the money. This is about power, political and social power. And the banks won't collapse from such a loss. The Fed will bail them out and the US treasury will keep them from falling as we saw in the 2008 crisis.

[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I doubt they can do what they did in 2008 again, but we'll see.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

the feds bailouts have continued since then, big banks will never abide by losing money. This idea of the great reset is just for them to gain more power. Money is printed out of nothing, it is just a means to an end.