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So I have the *Another* archives now. These guys are just unreal. They can just shred the credibility of our ridiculous system in a few sentences. Want to see? Watch this.
Why do they view their debt in terms of yield when it only returns more of the same paper?
Why do they view their debt in terms of yield when it only returns more of the same paper?
The only way to convert the return on this American debt is by buying something real with it. Only then do we have a “yield”.
The marketplace is never wrong to give a high price to a low value debt as long as it uses an “unreal “ currency as a value gage. The Westerners use>
The marketplace is never wrong to give a high price to a low value debt as long as it uses an “unreal “ currency as a value gage. The Westerners use>
“paper to price paper” and “more paper to price more paper” in an endless quest to add value where value only exists in the minds of men.
Value is only known when holding 1 real asset next to another real asset & comparing the ccy unit valuations of both. Use as an example, a $75,000 $US BMW & a small apartment, also $75,000. They can be traded using the ccy as a temporary holding until the transaction is complete.
The car and apartment are viewed as having productive use of equal value. However, it is the items that have the value, not the currency unit. The currency is of but momentary value expressed as "the intention of a trade completion".
Complete the trade and "poof" the units hold no future value. At this point in time, everything in the world is "denominated" in currencies that have no use, except to complete the trade.
Trillions upon trillions of digitized currency are currently being held for the "completion of commerce", extending out into other lifetimes.
The major threat to this collection of wealth holdings would be the introduction of any real asset currency.
The major threat to this collection of wealth holdings would be the introduction of any real asset currency.
