this post was submitted on 31 May 2025
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Given that money is fake what does this mean. Already things are as bad as we have ever known them here. Are we talking 70s style stagflation 08 style crash? Cause essentially they already lost this money they just are pretending they haven't and it is working for now yeah?
A 08 style crash seems likely at this point, and Trump's volatile policy could act as a catalyst for the unraveling of the economy. For example, if he restarts trade war with China after 90 days ceasefire expires that could act as an economic shock that creates a panic in the markets.
While money is a social construct, it still represents obligations within the rules of the existing social system. In that sense it's very much real. If financial entities end up with bad debt they cannot service then it will make them go out of business, people will lose jobs, and so on.