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17
ModernKnight 17 points ago +18 / -1

Wow! I disagree with one point of the article- that it is the death of Capitalism. It looks more like this is removing government devastation of the free market, meaning it is pushing us back into Capitalism.

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Lord_Nekro 24 points ago +25 / -1

That's a quote from someone else, not the writer of the article

according to Forbes. “What we’re witnessing here is nothing less than the death of capitalism and birth of something new,” said Mati Greenspan, the founder of analysis and advisory firm Quantum Economics. “It’s quite fascinating, really.”

The writer questions that and concludes with this

"If the Federal Reserve owns more than 15% of America’s debt, it can play it safe and exit at any time, but if they owned, let’s say 50%, their decision to keep this bad investment comes into play. Owning half of the largest economy’s debt may force the Federal Reserve to either declare bankruptcy or ask to be bought out. Or, they may be forced to stop playing games with our politics and pull out their paid opposition. Either way, it’s good for Americans. And the real reason we are seeing crisis after crisis is that fact that Trump has been taking the power away from the elite for the past 3 years. The moment they shut down our economy, Trump backfired with this unprecedented move. Now you know why he was investigated, impeached, pandemic’d, rioted and possibly civil war’d. All for power."

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ModernKnight 15 points ago +15 / -0

Thanks much for the clarification! I may be a few drinks in and may not have as much attention to fine detail as usual... 🍺🍷🍻🥂

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Lord_Nekro 4 points ago +4 / -0

No problem pede! Enjoy the drinks