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@a_yawning_cat

stray thoughts, loosely held. rat jaeger.

California, USA
aycat.substack.com
Joined December 2018

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    1.  🐈‏ @a_yawning_cat Mar 13

      a central bank is like a heart, a pump. every day it’s tasked with pulping say 1 trillion dollars into the economy. it theoretically could just print it all, but that would lead to crazy inflation

      1 reply 0 retweets 0 likes
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    2.  🐈‏ @a_yawning_cat Mar 13

      OR it could get back 0.99 trillion from say china by selling bonds. (china has lots of usd b/c it’s giving the US lots of stuff in exchange for lots of usd)

      1 reply 0 retweets 0 likes
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    3.  🐈‏ @a_yawning_cat Mar 13

      this way the pump still is doing its job but then inflation (total amount of blood in the system) only rises by a small amount.

      1 reply 0 retweets 0 likes
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       🐈‏ @a_yawning_cat Mar 13

      for a growing body, the blood volume must match metabolism. too little and the system is anemic. too much, and it’s likely feeding cancer.

      11:16 AM - 13 Mar 2021
      1 reply 0 retweets 0 likes
        1. New conversation
        2.  🐈‏ @a_yawning_cat Mar 13

          note that a red blood cell is useless by itself. it’s only value is through it’s movement and ability to deliver oxygen. for an economic system the movement of money and its delivered payload of information is what’s important.

          1 reply 0 retweets 0 likes
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        3.  🐈‏ @a_yawning_cat Mar 13

          in a closed system, the pump’s input/output is equalized, a fully recycled system like the water cycle. when there is external input (usd from china) it creates a dependency as the us is now a debtor to china.

          1 reply 0 retweets 0 likes
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        4.  🐈‏ @a_yawning_cat Mar 13

          if taxes are high enough, the system is fully recycled and there is no need for external flow. selling bonds and going into debt is a way of making up for flow deficit

          1 reply 0 retweets 0 likes
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        5.  🐈‏ @a_yawning_cat Mar 13

          flow deficit is not a maintainable state just like running a marathon for a year is not maintainable. increased metabolic needs like warfare or infrastructure development use these bonds temporarily to boost flow when needed.

          1 reply 0 retweets 0 likes
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        6.  🐈‏ @a_yawning_cat Mar 13

          a credit card or student debt can rocket boost you to a productivity level previously not possible. however they can just as easily fuck you sideways if you don’t understand that it’s supposed to be a strategically timed nitro boost. not a permanent super state.

          2 replies 0 retweets 0 likes
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        7.  🐈‏ @a_yawning_cat Mar 13

          question. is the us gov stuck in the same system as using a credit card to pay back a credit card to pay back a credit card?

          1 reply 0 retweets 0 likes
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        8.  🐈‏ @a_yawning_cat Mar 13

          if you are borrowing from the creditor in order to pay back the creditor then ur very close to enslaving yourself. the tipping point is when the amount you can borrow no longer can meet your interest payments.

          1 reply 0 retweets 0 likes
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        9.  🐈‏ @a_yawning_cat Mar 13

          as long as borrowed funds exceeds interest you have some excess flow slack. you can do something with it to increase its value and pay pack principal. it’s like working from a hospital bed to heal from the stress of the metabolism burst.

          1 reply 0 retweets 0 likes
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        10.  🐈‏ @a_yawning_cat Mar 13

          once the cost of the medicine exceeds your income though. then you’re the hospital’s bitch. you need the hospital/creditor to survive because the market has judged and determined that it costs more to keep u breathing than u are worth to the System

          1 reply 0 retweets 0 likes
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        11.  🐈‏ @a_yawning_cat Mar 13

          in less civilized times you’d end up a slave. doing anything to live b/c the alternative was death and you valued life more than death. (live free or DIE is a difficult philosophy to put into practice)

          1 reply 0 retweets 0 likes
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        12.  🐈‏ @a_yawning_cat Mar 13

          in modern times you declare bankruptcy. no hospital/creditor will every try to save you again because you have no credit. you have to start from scratch and earn every breath you take. no parental figure remains to save you.

          1 reply 0 retweets 0 likes
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        13.  🐈‏ @a_yawning_cat Mar 13

          this die-on-the-street-homelessness is the alternative to slavery that ppl forget. most people don’t end up in this state b/c they can leech off parents/friends/relatives as a final plee but those who can’t end up on the street

          1 reply 0 retweets 0 likes
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        14.  🐈‏ @a_yawning_cat Mar 13

          the moral of the story is: don’t blood dope for something as stupid as a “gold” medal.pic.twitter.com/pwm53rc77G

          0 replies 0 retweets 0 likes
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        15. End of conversation

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