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2026-05-12 15:27:51 UTC
in reply to

Don Dahir on Nostr: What's crazy to me is this only accounts to maybe 4-8% of the entire money supply. ...

What's crazy to me is this only accounts to maybe 4-8% of the entire money supply. The vast majority is just plebs burrowing for ANY reason. Every dollar that is burrowed, is dollar created out of thin air, and is owed with interest! Every bank has the power to create money out of thin air. The main difference between the central bank and regular banks, is that the central bank (federal reserve) sets the interest rate. How much demand should the dollar have.

Since the US is the global reserve currency, every currency falls under it, so the story gets bigger and bigger.