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Uncle Jim
@honesthodl
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Joined September 2020
@DavidFBailey Yea…
The US has had a debt-based banking system since 1864. All our money is based on govt debt. We can not extinguish government debt without extinguishing the money supply. The solution does not lie within discussing the size of national debt but with reforming the banking system.
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RT @honesthodl: @GhostofWhitman It’s debt-based system that only a few control and most have to live with.
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RT @honesthodl: @pdcap_mugtalks They need to “QE infinity eventually”because it’s a debt-based system. They are always QE’ing infinity in t…
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