

“Your car will be out working as a taxi while you sleep.”


“Your car will be out working as a taxi while you sleep.”


In this example the bank started with $1 million total. Loaned out $10 million. If the guy paid back $10 mil, the bank would have 10x their starting money.


I may have beaten you to it by like 1 minute.


Nobody manages money supply vs inflation
It’s managed via interest rates, which to a degree are controlled by the world bank.


Fractional reserve banking. You’re assuming a 1:1 ratio of debt to assets. That’s not the case at all. A bank can have $1 mil on hand and lend out $10 mil plus, as long as they have a high enough percentage available for withdrawals.
Banks have an infinite money cheat code. In a way. If person gets a loan from a bank, $10 million, which requires the bank to have $1 million on hand. That person then uses the $10 million to pay people. If those people then go… put their money in the bank… The bank now has the same $11 million on hand they started with, a guy who owes them $10 million plus interest, and could now theoretically loan out another $9 million to another person. At that point they’d have $2 million on hand, 2 guys who owe them $19 million. Still within their 10% cash reserves. But wait… one more thing. I was assuming a 10% reserve as a rule. But in same cases they don’t even require banks to keep any specific percentage on hand. So the debt to assets ratio could become even more insane.
the total amount isn’t zero, it’s negative. Is this correct?
Negative at a 10:1 ratio, maybe even more.
https://en.wikipedia.org/wiki/Fractional-reserve_banking
The Federal Reserve does not impose a reserve requirement, but pays interest on reserve balances, influencing the general interest rate level in the economy in that way.[19]
Just as taking out a new loan expands the money supply, the repayment of bank loans reduces the money supply.[20]


The Dark Knight tech was a lot closer than we realized in 2008.


IDK I feel like I never really enjoyed Blade Runner as much as I should have. Like so much Sci-Fi, it’s pure setting. They did a 10/10 job on the setting. But the actual plot is pretty meh, I don’t really care if he’s a robot or not.


And yet I was taught in school that people went to America to escape religious persecution.


A billionaire praising AI as the next big thing doesn’t belong at a graduation ceremony.
There is probably a way to leak this and also protect yourself. The biggest issue is you need to leave your job.


It’s been closed THE WHOLE TIME. It was never open. We keep getting headlines that it’s opening and then like 2 hours later it’s closed again. These are stock market manipulation rumors, not actual news.


YSK social media makes your social skills worse.


Kinda insane they’re trying to change the rules for voting about 2 weeks before the election, when people have already started voting.


Lenny (1974) https://www.imdb.com/title/tt0071746/
Had a hard time believing it was a true story.


I’m surprised that they’re surprised. MAHA aligned with MAGA because they supported deregulation. On things like raw milk. That’s where the interests align. Baffling to me that anyone who cared about MAHA thought that Trump’s EPA would do anything besides deregulation.
dailymotion is a good youtube alternative.


They made it twice. We’re overdue for another one.


IDK if it’s a “food shortage” but it’s a fresh food shortage. The obvious similarity between ingredients is they are things that can be frozen.
DVI-I cord with a DVI-D computer? Absolutely not. It’s got these 4 extra pins that you’ll ruin if you try.