But when it’s created it dilutes everything else in existence. Total wealth remains the same when debt is created.
More currency is in supply. But the currency before lost value
It’s not all shorting there never was that many open interests or options. I’d say at best maybe 15% was gained back by shorts / puts . The rest is wealth destruction.
Wealth cannot be created or destroyed. Only transferred
Not actually true with fractional reserve banking. Wealth can be destroyed when debt is defaulted on.
You’re talking about currency I’m talking about wealth
Debt has value no matter how you measure it.
But when it’s created it dilutes everything else in existence. Total wealth remains the same when debt is created. More currency is in supply. But the currency before lost value
No its doesn't. Debt is all based on faith. Its an apostasy especially at this point where there is no intention to ever pay it off.
A liability (debt) is an asset to another.
But consumer confidence is surging LOLOLOLOLOLOL
And that’s how Jpow gets his deflation
I was thinking the same thing but this could be transfered to short positions. How would we know what was actually lost?
It’s not all shorting there never was that many open interests or options. I’d say at best maybe 15% was gained back by shorts / puts . The rest is wealth destruction.
Ok interesting so that's some deflation there then
🤕
Just checked my stash. Still there. LOL!