• Pat Flood (@rebarcock) passed away 9/21/25. Pat played a huge role in encouraging the devolopmemt of this site and donated the very first dollar to get it started. Check the thread at the top of the board for the obituary and please feel free to pay your respects there. I am going to get all the content from that thread over to his family so they can see how many people really cared for Pat outside of what they ever knew. Pat loved to tell stories and always wanted everyone else to tell stories. I think a great way we can honor Pat is to tell a story in his thread (also pinned at the top of the board).

Simpleton Game Theory

Cincinattus91

Cincinattus91

Elite
Founder
Being that the financial system is @ the material root of our problems

And it's strength and fatal flaw are fractional reserve banking

What would happen if everyone went to the bank and withdrew their money?

We can either slug through a prolonged, indefinite but assured collapse are usher it in tomorrow and rebuild
 
Cincinattus91 said:
Being that the financial system is @ the material root of our problems

And it's strength and fatal flaw are fractional reserve banking

What would happen if everyone went to the bank and withdrew their money?

We can either slug through a prolonged, indefinite but assured collapse are usher it in tomorrow and rebuild
Click to expand...

Or, get your BTC today.
 
Cincinattus91 said:
Being that the financial system is @ the material root of our problems

And it's strength and fatal flaw are fractional reserve banking

What would happen if everyone went to the bank and withdrew their money?

We can either slug through a prolonged, indefinite but assured collapse are usher it in tomorrow and rebuild
Click to expand...
ChicagoFats said:
Or, get your BTC today.
Click to expand...
 
Cincinattus91 said:
Being that the financial system is @ the material root of our problems

And it's strength and fatal flaw are fractional reserve banking

What would happen if everyone went to the bank and withdrew their money?

We can either slug through a prolonged, indefinite but assured collapse are usher it in tomorrow and rebuild
Click to expand...

Jesus Christ
 
Cincinattus91 said:
Being that the financial system is @ the material root of our problems

And it's strength and fatal flaw are fractional reserve banking

What would happen if everyone went to the bank and withdrew their money?

We can either slug through a prolonged, indefinite but assured collapse are usher it in tomorrow and rebuild
Click to expand...
I was thinking about what would happen with a bank run the other day, but it just wouldn’t happen in modern times. All the money is in spreadsheets on the computer and transfers can happen instantly. Push of a keyboard and trillions are created, who cares about physical cash anymore
 
iu
 
quickfeet said:
I was thinking about what would happen with a bank run the other day, but it just wouldn’t happen in modern times. All the money is in spreadsheets on the computer and transfers can happen instantly. Push of a keyboard and trillions are created, who cares about physical cash anymore
Click to expand...

There is a breaking point though. To dismiss that possibility is unrealistic.

You can’t print Infinite money without consequences (just see the past two years)
 
ChicagoFats said:
Bet a lot of Venezuelans or Turks wish they had converted to USD a couple years ago
Click to expand...
FIFY

ChicagoFats said:
There is a breaking point though. To dismiss that possibility is unrealistic.

You can’t print Infinite money without consequences (just see the past two years)
Click to expand...
Yew can’t use cryptos without consequences either. Look at the crash of BTC over just a few days and it’s easy to see why BTC is just more of the same for Venezuela.

And actually yore wrong because yew can “print” infinitely it just depends how quickly a country “prints” what the ramifications of that “printing” look like.

The only thing that isn’t acceptable in a modern economy is an end to printing or a currency with a limited amount of “notes” or “coins” (like BTC). That’s when yew get a situation like The Great Depression.
 
Last edited:
ChicagoFats said:
There is a breaking point though. To dismiss that possibility is unrealistic.

You can’t print Infinite money without consequences (just see the past two years)
Click to expand...

Money is just a description of wealth. It has no intrinsic value. Recessions in effect are fact-finding periods to figure out how much valuation stacks up against production.
 
America 1st said:
FIFY


Yew can’t use cryptos without consequences either. Look at the crash of BTC over just a few days and it’s easy to see why BTC is just more of the same for Venezuela.

And actually yore wrong because yew can “print” infinitely it just depends how quickly a country “prints” what the ramifications of that “printing” look like.

The only thing that isn’t acceptable in a modern economy is an end to printing or a currency with a limited amount of “notes” or “coins” (like BTC). That’s when yew get a situation like The Great Depression.
Click to expand...
You are assuming that inflation can be "controlled". See how that worked out for Venezuela and Turkey.
 
ChicagoFats said:
You are assuming that inflation can be "controlled". See how that worked out for Venezuela and Turkey.
Click to expand...
It’s not an assumption.

There are several different types of inflation and several different monetary policies that can be enacted to counter the specific type being addressed.

In yore examples though Venezuela & Turkey weren’t trying to control inflation. The leaders of those countries had other goals in mind with their monetary policies.

Turkey’s situation is actually exhibit A in why a country shouldn’t take on debt in currencies it can’t “print” for itself. “Foreign currency debt” (which could just as easily be BTC if a country were dumb enough two use that trash for anything sirius like El Salvador does) wrecks countries that don’t have their shit together.
 
Cincinattus91 said:
According to our resident economists, endless money printing is a sufficient tool to preserve the system forever

Let's stay tuned
Click to expand...
The Founding Fathers realized as much before our republic was even founded. I’d say becoming the greatest, most power, and most prosperous cuntree in the history of the world proves they new what they were talking about.

Staying tuned for another 200+ years should help clear things up tho…
 
America 1st said:
The Founding Fathers realized as much before our republic was even founded. I’d say becoming the greatest, most power, and most prosperous cuntree in the history of the world proves they new what they were talking about.

Staying tuned for another 200+ years should help clear things up tho…
Click to expand...
All empires fall, it’s just a matter of when.
 
Im buying more gold soon. I don't trust the dollar or btc. The feds are going to do their own digital currency and they'll make it insane to use anything else. Gold will still be there after this whole thing falls apart.
 
hmt5000 said:
Im buying more gold soon. I don't trust the dollar or btc. The feds are going to do their own digital currency and they'll make it insane to use anything else. Gold will still be there after this whole thing falls apart.
Click to expand...
Pls don’t do this to yourself. Buy some BTC if you think the economy is going to collapse
 
America 1st said:
The Founding Fathers realized as much before our republic was even founded. I’d say becoming the greatest, most power, and most prosperous cuntree in the history of the world proves they new what they were talking about.

Staying tuned for another 200+ years should help clear things up tho…
Click to expand...
The intent is there, you just lack the ability to follow through

We've all held out hope you could develop but you simply don't cut the mustard*
 
ChicagoFats said:
All empires fall, it’s just a matter of when.
Click to expand...
That might bee butt in the case of The US it won’t be because of fractional reserve banking or “money printing”.

ChicagoFats said:
Exactly. MMT won’t hold because it’s just socialism under another name.
Click to expand...
Incorrect.

MMT is no different then classical economics when it comes to what effect it has on people (keeps them productive).

That’s the whole reasons taxes have always existed (to control how people act and how productive they are).

QuanChi said:
I just want to know why we need to pay taxes in an economy driven by MMT. Oh that’s right, to keep the middle class cucked
Click to expand...
Partially.

On the flip side think of how expensive goods and services would be with all that extra demand and money floating threw the economy. The velocity of money would be insane right meow.
 
America 1st said:
That might bee butt in the case of The US it won’t be because of fractional reserve banking or “money printing”.


Incorrect.

MMT is no different then classical economics when it comes to what effect it has on people (keeps them productive).

That’s the whole reasons taxes have always existed (to control how people act and how productive they are).


Partially.

On the flip side think of how expensive goods and services would be with all that extra demand and money floating threw the economy. The velocity of money would be insane right meow.
Click to expand...

You said it perfectly, to “control”. Why have biased humans do it when it can be done unbiased through cryptography ?
 
ChicagoFats said:
You said it perfectly, to “control”. Why have biased humans do it when it can be done unbiased through cryptography ?
Click to expand...
Are yew suggesting sovereign nations and there people shouldn’t bee able two control and institute monetary policy as they see fit?

Why should a computer algorithm get to decide monetary policies instead of people and their elected officials? Are we trying to bring about a won world government and destroy liberty?

An example wood be cigarettes here in The US. If we elect people because they’ve run on placing a tax on cigarettes to make them more expensive to purchase (thus dampening consumption) we as a society are allowed to do that. The will of the people and society should be embraced even if that means cigarettes get more expensive for those consumers.
 
America 1st said:
Are yew suggesting sovereign nations and there people shouldn’t bee able two control and institute monetary policy as they see fit?

Why should a computer algorithm get to decide monetary policies instead of people and their elected officials? Are we trying to bring about a won world government and destroy liberty?

An example wood be cigarettes here in The US. If we elect people because they’ve run on placing a tax on cigarettes to make them more expensive to purchase (thus dampening consumption) we as a society are allowed to do that. The will of the people and society should be embraced even if that means cigarettes get more expensive for those consumers.
Click to expand...

Because people and their elected governments are inherently biased. Are you saying that the people can't decide for themselves to use cryptography? What if that is what the people want?

Taxing is saying that a group of people (elite) knows how to better spend your money than you do.

Governments and BTC can exist in harmony. They will keep each other honest. If MMT is too crazy people will move to BTC and vice versa.

Why not let both exist and lets see who wins out? A good old capitalistic experiment if you will.
 
ChicagoFats said:
Because people and their elected governments are inherently biased. Are you saying that the people can't decide for themselves to use cryptography? What if that is what the people want?

Taxing is saying that a group of people (elite) knows how to better spend your money than you do.

Governments and BTC can exist in harmony. They will keep each other honest. If MMT is too crazy people will move to BTC and vice versa.

Why not let both exist and lets see who wins out? A good old capitalistic experiment if you will.
Click to expand...
If yew don’t like the current taxes yew elect different individuals. That’s what The People did with The Don after Barry. I’d say yore definition of taxes is pretty extreme though since there are plenty of taxes common people support and in many cases enact themselves through referendums (state and local).

Of course people are biased. We elect the people with the bias we want. Thats the whole point of elections.

Yew can partake in crypto if yew want. It’s still legal in The US.

Just like yew would elect officials to expand its use eye would elect officials to make it illegal or at the very least tax it into oblivion.

Government is a tool to create the sort of society and reality we want to live in.
 

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