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"You can't fix a system problem from the system creating the problem." - Jeff Booth ⚡️ The debt system is a psyop designed to steal your time. I sat down with Jeff Booth to discuss the inevitable collision between Exponential AI and Insolvent Debt. Full episode in 🧵

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Peter McCormack 🏴‍☠️🇬🇧🇮🇪

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26,094 просмотров • 3 месяцев назад •via X (Twitter)

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JEFF BOOTH: “People are going to believe in a different belief system because they’re living from within the system that money’s always been broken, but they don’t know it.”
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Jeff Booth says “A debt based monetary system cannot work without concentrating all power in very few people who tell you what you get.” “There has to be more fear, coercion, control, surveillance to keep you in that system because it’s not natural.”
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NEW: Jeff Booth explains how the fiat system requires inflation to survive, and how Bitcoin will reprice everything. 🙌
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My take on the MASSIVE US DEBT PROBLEM on @MarioNawful: “There is only one way to fix the US debt problem: to invoke Article V of the US Constitution and amend it to include a debt brake. The Swiss inserted a debt break in their constitution in 2001, with great success.”
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My take on the MASSIVE US DEBT PROBLEM on @MarioNawful: “There is only one way to fix the US debt problem: to invoke Article V of the US Constitution and amend it to include a debt brake. The Swiss inserted a debt break in their constitution in 2001, with great success.”

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They Did Not Build A Debt System To Be Repaid. 🔺💰 They Built It To Be Permanent. 🦎 Governments Borrow. People Pay Interest. The Debt Gets Rolled Forward And The Trap Never Ends. 👁️ It Is Not A Broken System. It Is Working Exactly As Designed. ⚡️
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The credit system functions like a circulatory system that delivers nutrients and buying power to various parts of the economy. A system is considered healthy when borrowed money is used to generate productivity, which in turn produces income. However, it becomes unhealthy when debts and debt service costs increase relative to income. This debt service acts like plaque in the circulatory system, squeezing out spending. Because one individual's debt represents another individual's asset, with holders expecting a good return, increased selling leads to supply and demand issues. When combined with high debt service, it ultimately impairs the system's mechanics. Ed Elson
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Exactly FoFty panic spillover of private debt into high yield happens during a crisis. This is what happened during the REPO crisis of Sep 2019 to Mar 2020. It was a debt crisis. The "virus" narrative was to bail out the system. Problem is, the situation is now 3x worse
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Exactly FoFty panic spillover of private debt into high yield happens during a crisis. This is what happened during the REPO crisis of Sep 2019 to Mar 2020. It was a debt crisis. The "virus" narrative was to bail out the system. Problem is, the situation is now 3x worse

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