Post by YODL
A centerpiece of The Great Taking’s thesis seems to be that there will first be a (nominal) crash in asset prices. Does he address why printing money for bailouts won’t counteract that?
I think it’s the “bank holiday” route. There will hypothetically be a time frame where (for example) if you have a mortgage, and you even had money to pay it, the banks would be closed and you wouldn’t be able to make that payment. Kind of like what’s happening with Sepah in Iran right now. Just e
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Asked ChatGPT and it had great, thorough answers to this one.
Mind posting it? I can’t remember if what I posted was from the book (guy’s audio) or something else
Why wouldn't money printing prevent Webb's thesis from playing out? ### ChatGPT said: David Webb addresses this question implicitly throughout *The Great Taking*, and the core of his argument is this: **money printing (i.e., quantitative easing or QE)** does not prevent his thesis from playing out
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Its simple the Contracts that you have signed allow them to liquidate you at any given time for any reason there's no clause that allows you to refute them mismanaging the whole thing in order to rugpool you. So everyone keeps saying that they're gonna get us to that point what key event is goin
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I almost wanna listen again. There was so much in there. My main takeaway, though I can't explain it well, was the sly moves made with these international clearing houses, which result in them being the effective owners of the asset (first claim), combined with them being minimally funded in case of
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I didn’t, but not sure how much it matters? It was a lot to listen to, so midway through my 2nd listen I decided to just start working with ChatGPT instead for a summary and follow up questions. Much better than 2nd listen.
Matters a little, but get your point. Yeah, I'll be listening to it again sometime soon. Maybe next road trip