Holy SH*T
Out of context: Reply #52
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- detritus0
Now, if only most of the people in this thread (myself included) actually knew what any of this means.
What I do know is - at the heights of their respective powers, both Holland and England ran HUGE 'deficits'... but said deficits were exactly the oil that ran their Empire engines. In fact, if it weren't for these structured deficits, they could never have achieved their powers.
Think about it - Holland has always been a tiny entity (England too, proportionately) - it was only because of the advanced debt mechanisms that they were able to inflate their proposition.
Deficit debt isn't the same as nameless black hole debt - just because an entity 'owes more than it appears to be worth' doesn't mean that it's 200% fucked.
What's important is that entities keep going and that entities maintain belief.
Which begs the question - why are certain stuctures so keen to sound the worst of the situation? Cui bono?
- Debt = wealth. That extra money is IN the country, as commodities, as things built, work done for wages.mikotondria3
- Who wants fucking money ? No one, everyone wants the things it buys. Money is useless, as is gold. Can't eat gold. Or fuck it.mikotondria3
- Exactly - money's there to be spent - what's the point in keeping it?detritus
- perfectly written,
+1georgesIII