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#saver — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #saver, aggregated by home.social.

  1. TODD: Hi I'm my name's Todd, and I'm a #saver.

    UNISON: HI TODD

    TODD: I first started saving when I was in school. Yeah, those little bank books. I hoped one day I could save enough *sob* to buy a house. I COULDN'T *sob*

    LEADER: This is is part where we all say, "NO ONE BUYS A HOUSE WITH SAVINGS. YOU MUST ENGINEER A COMPLEX ARRANGEMENT BETWEEN GOVT AND BANKERS AND WORSHIP THEM DAILY.

    #saverTherapy #saversAnonymous #criminalSyndicate #underground #warOnSavers #banks #assetInflation #whyBitcoin

  2. Does anyone on #Fedi actually believe that a #debtJubilee is a good idea?

    Our opinion is that rewarding #speculators (and punishing the #saver even futher) will create the most perverse of #incentives.

    Maybe its just us, though…

    #perverseIncentive #snakeOil #bigProperty #overdevelopment #realEstate #assetBubble #speculation #rewardBadBehaviour

  3. What is the #CantillonEffect?

    Its pretty simple. Those with first dibs on the newly-minted #cash get all the benefits.
    So if I'm a #CEO with a #banker mate at the #Fed (aka #FederalReserve, a private entity) and they type some new #money into my bank account, I'll get the full benefit of that money.

    As I spend it, the #inflation effect debases the currency's value and #assets simply go up in #price.

    The #saver suffers.

    #moneyPrinting #qe #quantatativeEasing #counterfeiting #cookingTheBooks