Comments by "k98killer" (@k98killer) on "" video.

  1. The "deferred asset" is counted with a negative liability. Most current (preliminary) H.4.1. report, table 1. Factors Affecting Reserve Balances of Depository Institutions (continued), line item "Other liabilities and capital": -181,865 (in millions of dollars). Table 5. Consolidated Statement of Condition of All Federal Reserve Banks (continued), line item "Other liabilities and accrued dividends": -227,131 (in millions of dollars). For comparison, the Total Capital in the same Table 5 is 45,553. So their realized losses are somewhere between 4x and 5x their total capital. They are bankrupt 3 or 4 times over according to their own numbers. The negative liability represents about a 3.4% impairment.
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  2. One of my favorite philosophy essayists, Andrewism, recently published a video titled "It Is Time To Abolish Debt" about Debt: the First 5000 Years by David Graeber. I recommend giving it a listen sometime. The current systemic structure is not fit for purpose, and it is imperative that a viable alternative is discovered/created; the more people are contemplating it, the better chance we have of successfully navigating the inevitable unwind together and coming out the other side with a system that will benefit all instead of a system that benefits the few at the top at the expense of everyone else. (Graeber's book is on my to-read list after I finish Economics in One Lesson by Henry Hazlitt and Aion: Researches into the Phenomenology of the Self by Carl Jung, though I might get nerd sniped by The Theory of Money and Credit by Ludwig von Mises again and read another few hundred pages of it first.)
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