Yeah, it's a classic case of rising prices curing rising prices, by crushing demand. We also cut our spending nearly in half.
They can take out more debt, but it won't help them fight deflation, as they can't find any projects to spend it on, and inflation requires monetary velocity.
And, since money in a credit-based currency is credit, they have to somehow get someone to take on the debt. But private people are going bankrupt and aging/dying, the population is tired of mass immigration, the youth buys cellphones instead of cars and houses, and companies are making like a 🍌 or also going bankrupt, so... who is going to spend that money?
They can park it with the billions leftover in the Corona fund. 😂
Silberengel
npub1l5…egx9z
2025-05-21 07:05:18
in reply to nevent1q…ck6y
Author Public Key
npub1l5sga6xg72phsz5422ykujprejwud075ggrr3z2hwyrfgr7eylqstegx9zSeen on
wss://relay.chakany.systemswss://relay.primal.netwss://theforest.nostr1.comwss://relay.damus.ioPublished at
2025-05-21 07:05:18Event JSON
{
"id": "b6b2b6bdde2fda7e7626cf2f79bf9b2590dbba58fcaef81e0e29c806fe96d64a",
"pubkey": "fd208ee8c8f283780a9552896e4823cc9dc6bfd442063889577106940fd927c1",
"created_at": 1747811118,
"kind": 1,
"tags": [
[
"e",
"a1eff793a0077548bd8e4276186d2ac73b60a17191ad0408d6ec069d7713c393",
"",
"root",
"fd208ee8c8f283780a9552896e4823cc9dc6bfd442063889577106940fd927c1"
],
[
"e",
"1fe544235b7d9ed9cd7a71b3c6ce99fec0f371c69b041672809805e5b91a1866",
"wss://nos.lol/",
"reply",
"a96a35a224402b8075c4da20f0477896afcc3395b6fad63e30a648a8222a6a69"
],
[
"p",
"a96a35a224402b8075c4da20f0477896afcc3395b6fad63e30a648a8222a6a69"
]
],
"content": "Yeah, it's a classic case of rising prices curing rising prices, by crushing demand. We also cut our spending nearly in half.\n\nThey can take out more debt, but it won't help them fight deflation, as they can't find any projects to spend it on, and inflation requires monetary velocity.\n\nAnd, since money in a credit-based currency is credit, they have to somehow get someone to take on the debt. But private people are going bankrupt and aging/dying, the population is tired of mass immigration, the youth buys cellphones instead of cars and houses, and companies are making like a 🍌 or also going bankrupt, so... who is going to spend that money?\n\nThey can park it with the billions leftover in the Corona fund. 😂",
"sig": "1ccc4b2b65415878b48561e9f25c26303ff4265ce0bed484c352417614091254d2bb1f679f3941b1a145c906846bff7e53c764e730cbcf7afbd6422496f6d2bc"
}