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๐—•๐—”๐—ก๐—ž๐—ฆ ๐—”๐—ฅ๐—˜ ๐—ก๐—ข๐—ง ๐—œ๐—ก๐—ง๐—˜๐—ฅ๐— ๐—˜๐——๐—œ๐—”๐—ฅ๐—œ๐—˜๐—ฆ The "money multiplier effect" taught in many introductory economics courses is widely considered to be a flawed, outdated, and a misleading model that inaccurately describes how money is actually created. Most professors don't even have a clue how money is really created. ๐—ง๐—ต๐—ฒ๐˜† ๐—ฏ๐—ฒ๐—น๐—ถ๐—ฒ๐˜ƒ๐—ฒ ๐—ณ๐˜‚๐—ป๐—ฑ๐˜€...

13,300 gรถrรผntรผleme โ€ข 8 ay รถnce โ€ขvia X (Twitter)

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South Africa operates a floating exchange rate. That simply means the Rand's value is determined by supply and demand in global markets. ๐——๐˜‚๐—ฟ๐—ถ๐—ป๐—ด ๐—ฝ๐—ฒ๐—ฟ๐—ถ๐—ผ๐—ฑ๐˜€ ๐—ผ๐—ณ ๐˜€๐—ต๐—ผ๐—ฐ๐—ธ, ๐˜๐—ต๐—ฒ ๐—ฅ๐—ฎ๐—ป๐—ฑ ๐—ฎ๐—ฐ๐˜๐˜€ ๐—ฎ๐˜€ ๐—ฎ "๐˜€๐—ต๐—ผ๐—ฐ๐—ธ ๐—ฎ๐—ฏ๐˜€๐—ผ๐—ฟ๐—ฏ๐—ฒ๐—ฟ". What Lesetja Kganyago is really telling you is how you can trade it. The journalists asked about the risk, but the governor is telling you how to make money based on how the Monetary Regime works. ๐—›๐—ฒ๐—ฟ๐—ฒ ๐—ถ๐˜€ ๐—ต๐—ผ๐˜„: When the ZAR depreciates, it acts as a natural stabilizer, ๐˜„๐—ต๐—ถ๐—ฐ๐—ต ๐˜€๐—น๐—ผ๐˜„๐˜€ ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—ณ๐—น๐—ถ๐—ด๐—ต๐˜ ๐—ฏ๐˜† ๐—บ๐—ฎ๐—ธ๐—ถ๐—ป๐—ด ๐—ฒ๐˜…๐—ถ๐˜๐˜€ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ฒ๐˜…๐—ฝ๐—ฒ๐—ป๐˜€๐—ถ๐˜ƒ๐—ฒ. (i.e. you taking money out at the wrong time). ๐—ง๐—ต๐—ฒ ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฐ ๐˜€๐—ฒ๐—น๐—น๐—ถ๐—ป๐—ด ๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฒ๐—ป๐˜๐—ฟ๐˜† ๐—ฝ๐—ผ๐—ถ๐—ป๐˜๐˜€. The depreciation itself becomes an inevitable brake on the panic, which slows the exit, and then allows for the buffer to work. ๐—ฆ๐—ผ๐˜‚๐˜๐—ต ๐—”๐—ณ๐—ฟ๐—ถ๐—ฐ๐—ฎ'๐˜€ ๐—ป๐—ฒ๐˜ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜ ๐—ฝ๐—ผ๐˜€๐—ถ๐˜๐—ถ๐—ผ๐—ป ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ ๐—ฏ๐˜‚๐—ณ๐—ณ๐—ฒ๐—ฟ, ๐—ถ๐˜ ๐—ฎ๐—น๐—น๐—ผ๐˜„๐˜€ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ผ๐—ฟ๐˜€ ๐—ผ๐—ณ๐—ณ๐˜€๐—ต๐—ผ๐—ฟ๐—ฒ ๐˜๐—ผ ๐—ฟ๐—ฒ๐—ฝ๐—ฎ๐˜๐—ฟ๐—ถ๐—ฎ๐˜๐—ฒ ๐—ณ๐˜‚๐—ป๐—ฑ๐˜€ ๐—ฏ๐—ฎ๐—ฐ๐—ธ ๐—ถ๐—ป ๐˜๐—ผ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ฟ๐˜†, to capitalize on those entry points that were created by the panic (Shock). He is telling you that the Rand, in other words, has a built-in stabilizing mechanism that kicks in precisely when things look the worst, ๐˜๐—ต๐—ฎ๐˜'๐˜€ ๐˜„๐—ต๐—ฒ๐—ป ๐˜๐—ต๐—ฒ ๐—บ๐—ผ๐—ป๐—ฒ๐˜† ๐—ถ๐˜€ ๐—บ๐—ฎ๐—ฑ๐—ฒ. This man is 100% following David (TalkingCents), because this is exactly how I trade to make money, and he told everyone how to do it live on air. Legend!

David (TalkingCents)

139,587 gรถrรผntรผleme โ€ข 5 ay รถnce

At some point Democrats just have to start being arrested โ€œSo Gavin Newsom and his wife actually created an organization just to steal some of the fire aid money. Like how this man is still governor of California and not behind bars is mind blowing So I'm sure most of you have heard about the fire aid controversy. You know, where they had this concert to raise $100 million for the victims of the Palisade fires. And people started asking, hey, where the did all that money go? Because there's not a single person who was a victim of the Palisade fires who's seen a cent of it. And through some investigative journalism, what we found is that they distributed the money in two rounds. - Now, the first round just went to just f*ckload of NGOs. Like some of them have nothing whatsoever to do with fire recovery - but they handed out $50 million apparently to all these corporations and nobody did a f*cking thing But then when we got to round two, this got even murkier because when you actually look at the names of who was given money under round two, you saw this little organization called Cal Volunteers Now that organization is no longer listed as a recipient on the website. Funny how once the story broke, they took their name off the website. I mean, that doesn't look guilty at all. But Cal Volunteers is an organization that was recently created by Gavin Newsome and his wife. And they have never done anything before this. This organization was created strictly for the purpose of getting fire aid money. And they've not said what they plan to do with the money they got. They haven't even said how much of the money they received? No. All they did when people noticed that Gavin Newsom's organization was getting money was take down their name and their organization from the website where the fire aid money went. So, like, not only did these fires happen because Gavin Newsom is a governor and doesn't know how to manage, not only was the response to these fires complete and total dog sh*t because Gavin Newsom's a horrible governor, but after his failures, he then created an organization just to siphon off money that they raised to take care of the people that he was supposed to take care of. This dude is a top tier criminal.โ€

Wall Street Apes

482,637 gรถrรผntรผleme โ€ข 1 yฤฑl รถnce

๐—ฆ๐—ต. ๐—œ๐—ฏ๐—ป ๐—•๐—ฎ๐˜‡ ๐—ถ๐—ป ๐—ผ๐—ป๐—ฒ ๐—ผ๐—ณ ๐—ต๐—ถ๐˜€ ๐—น๐—ฎ๐˜€๐˜ ๐—ฐ๐—น๐—ฎ๐˜€๐˜€๐—ฒ๐˜€ (๐—ถ๐—ป ๐—ง๐—ฎ'๐—ถ๐—ณ): ๐—ง๐—ต๐—ฒ ๐—”๐˜€๐—ต๐—ฎ'๐—ถ๐—ฟ๐—ฎ๐—ต ๐—ฎ๐—ฟ๐—ฒ ๐—ฑ๐—ถ๐˜€๐—ฏ๐—ฒ๐—น๐—ถ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜€, ๐—ฎ๐—ป๐—ฑ ๐—ฝ๐—ฟ๐—ฎ๐˜†๐—ฒ๐—ฟ ๐—ฏ๐—ฒ๐—ต๐—ถ๐—ป๐—ฑ ๐˜๐—ต๐—ฒ๐—บ ๐—ถ๐˜€ ๐—ถ๐—ป๐˜ƒ๐—ฎ๐—น๐—ถ๐—ฑ. ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป: Someone who holds the statement of the Ashโ€˜aris, i.e. that the Qurโ€™an is the word of Jibril? ๐—œ๐—ฏ๐—ป ๐—•๐—ฎ๐˜‡: This is false. This is false. ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป: Is prayer behind him valid? ๐—œ๐—ฏ๐—ป ๐—•๐—ฎ๐˜‡: No, because the one who says this is a disbeliever. Whoever denies that it is the Word of Allah and claims that it is the word of Jibril, or that it is merely a narration (hikayah), and that the Word of Allah is 'the meaning that exists within Allah,' then this means that he denies the Qurโ€™an. Source: Sharh al-โ€˜Aqidah at-Tahawiyyah โ€“ ash-Sharh al-Jadid fi at-Taโ€™if โ€“ Lesson 07 ( Click the source above for the full audio and transcribed text on the website of Sh. Ibn Baz. Unfortunately, some individuals have omitted the question in which the term "Ashโ€˜aris" was mentioned and have only included the Shaykhโ€™s response. Sadly, this is not the only distortion found on the Shaykhโ€™s website. On one hand, this is futile, as the Shaykh clearly describes the Ashโ€˜aris in his answer. The Ashโ€˜aris believe that the Qurโ€™an, which we read in the Mushaf and recite, is the created word of Jibril, or the created word of the Prophet, or simply something created. The belief that the Qurโ€™an is a created narration (Hikayah) of 'the real Qurโ€™an, which is a meaning that exists within Allah,' is the creed of the Kullabiyyah, the predecessors of the Ashโ€˜aris. The Ashโ€˜aris believe the same thing but instead say that the Qurโ€™an is a created expression (โ€˜Ibarah) rather than a created narration (Hikayah), which amounts to the same thing. On the other hand, many people are ignorant and need to hear the word 'Ashโ€˜aris'; these distorters are cleverly exploiting this fact. The fatwa of the Shaykh is fully in line with the methodology of the Salaf, who declared as disbelievers anyone who said that the Qurโ€™an is created. But unfortunately, this is a reality that some try to obscure for political or ideological reasons. How many people have been labeled as extreme or โ€œHaddadiโ€ simply for saying the exact same thing as the Shaykh in this fatwa?

Rachid Bouabid

31,312 gรถrรผntรผleme โ€ข 1 yฤฑl รถnce

I added a new tattoo: "Ansem To 1 Billion" I did this because I truly believe $ANSEM can go to $1B. But this is bigger than just a ticker. I admire Ansem ๐Ÿ‚๐Ÿ€„๏ธ because he actually cares about the Solana community. He came back to Solana, created energy again, and kept asking the question a lot of people in the trenches have been waiting for: when Pump.fun airdrop? Iโ€™ll be honest. Iโ€™m not even a $ANSEM holder right now. I lost a lot of money in the pumpfun trenches before Ansem ๐Ÿ‚๐Ÿ€„๏ธ came back. When he created the runner, I had no money left to participate. That hurts, but this is not me begging or asking for pity. This tattoo is my way of showing belief, respect, and support for what Ansem ๐Ÿ‚๐Ÿ€„๏ธ is doing. Because many of us are still waiting. Pumpfun once gave hope to the community about an airdrop, but until now there is still no clear news. A lot of real users spent money, traded, lost, tried again, and helped build the entire ecosystem from the trenches. I hope more CT and KOLs become like Ansem ๐Ÿ‚๐Ÿ€„๏ธ ,people who actually care about the #Solana community, not only when the market is hot. $ANSEM, you are a real GOAT. Keep going with your mission. The community is here. Send $ANSEM to 1 Billion. And if there is any small blessing for me, I would be grateful: 2NiaLvo8H3qA7qxiPQL3qZJMGeZsPRdWfKhTnwtYm6kn
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I added a new tattoo: "Ansem To 1 Billion" I did this because I truly believe $ANSEM can go to $1B. But this is bigger than just a ticker. I admire Ansem ๐Ÿ‚๐Ÿ€„๏ธ because he actually cares about the Solana community. He came back to Solana, created energy again, and kept asking the question a lot of people in the trenches have been waiting for: when Pump.fun airdrop? Iโ€™ll be honest. Iโ€™m not even a $ANSEM holder right now. I lost a lot of money in the pumpfun trenches before Ansem ๐Ÿ‚๐Ÿ€„๏ธ came back. When he created the runner, I had no money left to participate. That hurts, but this is not me begging or asking for pity. This tattoo is my way of showing belief, respect, and support for what Ansem ๐Ÿ‚๐Ÿ€„๏ธ is doing. Because many of us are still waiting. Pumpfun once gave hope to the community about an airdrop, but until now there is still no clear news. A lot of real users spent money, traded, lost, tried again, and helped build the entire ecosystem from the trenches. I hope more CT and KOLs become like Ansem ๐Ÿ‚๐Ÿ€„๏ธ ,people who actually care about the #Solana community, not only when the market is hot. $ANSEM, you are a real GOAT. Keep going with your mission. The community is here. Send $ANSEM to 1 Billion. And if there is any small blessing for me, I would be grateful: 2NiaLvo8H3qA7qxiPQL3qZJMGeZsPRdWfKhTnwtYm6kn

ghniy

157,390 gรถrรผntรผleme โ€ข 2 ay รถnce

๐Ÿงต The "poor" who refuse to borrow money fund the "rich" who do. The individuals whom you mock as "poor" are, in fact, subsidizing the lifestyles of those who take out interest loans such as mortgages. Let me explain: I understand your perspective on the phrase "debt is good." I am aware that within the existing financial framework, often referred to as the Central Banks Fiat System or The Riba System, individuals can procure loans / borrow money with interest. They can then utilize these funds to acquire hard assets that gain value over time. This philosophy is advocated by figures such as Robert Kiyosaki and various others. However, a challenge emerges for devout Muslims who uphold their faith conscientiously. They abstain from participating in such contractual agreements due to their religious convictions, as these contracts are deemed prohibited by God, given the widespread detrimental effects they impose on the majority of humanity. Consider the words of Professor Saifedean Ammous Saifedean Ammous: "Borrowing money imposes a tax on society while offering a subsidy to the borrower. In the current fiat-based monetary system, a Muslim who opts not to engage in borrowing money due to religious convictions against usury / interest effectively subsidizes everyone else that does borrow money. Essentially, they are paying to support others through this subsidy." "The conclusion of the fiat system is that you need to short fiat as much as you can; that's a smart, winning move. Human wisdom over thousands of years is to save. Try not to borrow as much as you can and attempt to accumulate as much savings as possible. This concept is reversed under the current fiat system: if you're saving money, you're essentially subsidizing everyone else taking on loans. The winning move under the current fiat system, which is what rich people do, involves borrowing. Under the fiat monetary system, wealthy individuals don't hold a significant amount of cash. For example, if you're worth a billion dollars today, you wouldn't have a billion dollars in a checking / savings account. Instead, you might have around $100,000 to $1,000,000 million, which is just a small fraction of your wealth in cash, while the majority is invested in various hard assets. The wealthiest individuals in the world are also the biggest borrowers, and this applies to powerful entities like governments as well. This is how they become the richest and most powerful, as every borrowing instance provides an excuse for banks to print new money, which devalues everyone else's currency. Those who borrow also get a cut of this new money. For instance, if you were planning to purchase a house with your savings, your accumulated savings would lose value. On the other hand, if you were to buy the same house with credit, the bank's issuance of new money would make it more cost-effective. This is why people tend to buy everything on credit. The way we create fiat money is through credit creation. Most people think of fiat money as something that happens when the government prints money, and we still use the term "government's printing money." However, the vast majority of fiat is not physical. In fact, in the US, it is not created when it is physically printed; it's created when it is lent. So when you go to a bank to get a $1 million loan to buy a house, that bank is not going to give you a million dollars from its own money or its depositors' money. Instead, they will create a fresh new $1 million. When you walk out of that bank, the money supply is increased by $1 million to finance your home. Therefore, fiat money is essentially born out of government credit and the credit of banks backed by the Central Bank and the government. If you are part of the institutions that are granted the privilege of issuing fiat through loans backed by the Central Bank , you effectively create new currency and new money every time you issue a loan."

Akbar Zab

173,325 gรถrรผntรผleme โ€ข 3 yฤฑl รถnce

When I took out a mortgage for $1 million, the bank didn't get poorer. They simply typed new money into my account. Brand new money that didn't exist before. The person I bought the house from now has $1 million in their account. The money supply increased by $1 million. In my latest video, I demonstrate this using double-entry bookkeeping with two models side-by-side: The Textbook Model: Banks are intermediaries. Credit flows from creditors to debtors. GDP remains completely unchanged regardless of what happens with lending. The Real World Model: Banks create money through lending. Credit increases both the money supply and GDP. When credit contracts, GDP falls. I run both simulations in my Revel software. The difference is stark. In the textbook version, massive changes in credit have zero impact on the economy. In reality, bank lending is the primary driver of economic activity. This isn't just academic. These false models lead mainstream economists to catastrophic policy mistakes. They model capitalism as a barter system while completely ignoring the banking sector, private debt, and even the money supply. I'm not trying to be an irritating contrarian. I'm irritated by having models which are unrealistic, false, and lead us to making catastrophic mistakes about how we manage the real economy. The link to the full demonstration is in the comments. #Economics #BankingSystem #MoneyCreation #MacroeconomicPolicy

Prof. Steve Keen

200,049 gรถrรผntรผleme โ€ข 9 ay รถnce

The Rothschild Central Banking Hidden Money Matrix: How Big Banks and Big Government Steals Your Wealth Through the Federal Reserve Scam A 30 min documentary on how the Rothschilds, Rockefellers, and Globalist Elites created the U.S. Federal Reserve to enslave American citizens and bankrupt our nation to destroy it from within. People are finally waking up to the realization that our modern monetary system is nothing more than a massive fraudulent parasitic scheme designed to siphon wealth from hardworking citizens to banks and government elites and they've been rising up to fight back. The Federal Reserve, despite its official-sounding name, is a private banking corporation owned by major central bankers who live in England, it is NOT a government agency. Created in 1913, the same year the income tax amendment was passed (no coincidence), this system enables the continuous theft of your purchasing power through a complex web of Treasury bonds, Federal Reserve checks written from empty accounts, and fractional reserve banking. When the government needs money, it issues bonds โ€” IOUs โ€” that banks purchase. These banks then sell these bonds to the Federal Reserve, which creates currency out of thin air by writing checks on accounts with zero balances. This newly created currency is multiplied through fractional reserve banking, where banks can lend out up to 90% of depositors' money while still showing the full amount in accounts. This results in a monetary system requiring ever-increasing debt, with more debt in existence than currency to pay it off - a mathematical impossibility designed to enslave us through perpetual taxation. Our founding fathers fought against central banking for this very reason, which is why the Constitution specified only gold and silver as money. Today's system violates these principles, robbing us of our LIBERTY and transferring wealth to bankers who, as a former Bank of England director allegedly stated, "own the earth" and "with the flick of a pen will create enough money to buy it back again" if it's taken away. The worst part, our system was ALL created and owned by disgusting satan worshipping cannibalistic child trafficking pedophiles. This is the system you're all assimilating together to help President Trump fight against and abolish.

Bridgett Fertig

183,431 gรถrรผntรผleme โ€ข 7 ay รถnce

.Justin Drake: "I don't see how ETH could not flip BTC" Justin is asked: What's Ethereum? Is it a settlement layer? A world computer? Monetary network? He responds: "For me, this hasn't changed for many years. Ethereum is the Internet of Value." "In order to be successful as the Internet of Value you need very good money at the center of it because that will be the substrate -- the economic bandwidth -- that will allow you to build a lot of services (e.g. loans, stablecoins)." "In some sense, the success of the platform and the success of the money are tied at the hip. This is why I think those who are pushing for ETH as money are really helping the platform and vice versa -- those who are helping the platform are helping with ETH the money." "One of my theses is that we'll have winner-takes-most platforms. There's only one Internet. There's only going to be one Internet of Value that captures 90-99% of all economic activity. And just for weird, path-dependent reasons, we have Bitcoin that is the largest money right now. But I think this is a highly-unstable equilibrium for multiple reasons. And I think the best candidate to win the Internet of Value is by far Ethereum." Fedeโ€™s intern ๐ŸฅŠ adds to this point, "I was never convinced there was a chance of [Ethereum flipping Bitcoin] to be honest. But I'm getting convinced there's a high probability -- you [Justin] have played a part in convincing me because of the issuance (declining block subsidy) and now the post-quantum. I do think there's a high chance that ETH becomes the dominant economic substrate in the long-term. I don't see how proof-of-work could work long-term." Justin echoes this: "Unless there's some catastrophic failure of Ethereum, I don't see how Ethereum could not flip Bitcoin." Source: Blockspace Forum Read our thesis on why ETH is better money than BTC below ๐Ÿ‘‡

Etherealize

170,819 gรถrรผntรผleme โ€ข 4 ay รถnce

Remember when Julian Assange exposed Hillary Clinton was funding ISIS โ€” Al Qaeda? "There's an early 2014 email from Hillary Clinton, so not so long after she left Secretary of State, to her campaign manager, John Podesta. That email, it states that ISIL, ISIS, is funded by Saudi Arabia and Qatar, the governments of Saudi Arabia and Qatar. This is a, I actually, I think this is the most significant email in the whole collection, and perhaps because Saudi and Qatari money is spread all over the place, including into many media institutions. All serious analysts know, even the US government has mentioned or agreed that some Saudi figures have been supporting ISIS, funding ISIS. But the dodge has always been that it's just some rogue princes, using their cut of the oil money to do what they like, but actually the government disapproves. But that email says that no, it is the governments of Saudi and the government and Qatar that have been funding ISIS. The Saudis, the Qataris, the Moroccans, the Bahrainis, particularly the Saudis and the Qataris, are giving all this money to the Clinton Foundation, while Hillary Clinton is Secretary of State and the State Department is approving massive arms sales, particularly to Saudi Arabia. Under Hillary Clinton, and Clinton emails reveal a significant discussion about it, the largest ever arms deal in the world was made with Saudi Arabia, more than $80 billion. In fact, during her tenure as Secretary of State, total arms exports from the United States in terms of the dollar value doubled. And of course, the consequence of that is that this notorious terrorist jihadist group called ISIL or ISIS is created largely with money from the very people who are giving money to the Clinton Foundation." Our entire government betrayed us over and over again.

Bridgett Fertig

45,478 gรถrรผntรผleme โ€ข 7 ay รถnce