[KWxIUElW8Xt0tD9]

It is not well-appreciated that the whole dollar system is destined for implosion because of the way dollars are created. The dollar is a debt instrument, there is always more owed than there are dollars in existence. It's an exponential and that only goes on so long.

I suggest episodes 1 (difference between currency and money) and 4 (how dollars are created) from the following series by Mike Maloney.

https://www.youtube.com/playlist?list=PLE88E9ICdipidHkTehs1V...

[JumpCrisscross]

> dollar is a debt instrument, there is always more owed than there are dollars in existence

This is wrong.

Debt is regularly asymmetrically destroyed, we call it restructuring. And when a debt is destroyed we don’t destroy the correspondingly-created money. (Money is destroyed via separate mechanisms.)

That said, I suppose it’s neat seeing the gold bugs coming back on the crypto promoters [1].

[1] https://goldsilver.com/about-mike-maloney/

[Dylan16807]

Loans can multiply any kind of money, even if you're basing everything on gold coins.

It's not exponential.

[netcruiser]

The non-existent money to pay the interest is cancelled out by bankruptcies.

[KWxIUElW8Xt0tD9]

bingo -- the whole system is bankrupt -- they have been papering it over with more and more printing since 2008 but check out curves of M2, national debt, etc. -- isn't going to work, something is going to break