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by dualogy 5393 days ago
That government cheese "ran out" decades ago in most countries ... but for some reason they keep dishing it out:

It's an incredible hack, really: the money you "have in the bank" (you don't have it, you lent it to your bank and they 'owe' it to you) lets them play with some multiple of that amount (10x? 2x? 100x? Don't know the exact figure.) They put that into some bonds or treasuries that creates "government debt" but gives the govt. cash to pay for an "self-employment assistance program" (and countless other "programs" as well as their own "cut"). The only however-unlikely risk? There could be a distant day in the future where both the govt. and the bank fail you at the very same instant without recourse -- of course, we're both hoping that day won't ever come -- but if it does, you will kindly not riot, deal?