Someone who is more educated in money, please correct me if I’m wrong.
1.8 Trillion. That’s the current draw. It seems like a lot. Surely we must be stressing the economic system somehow??
Maybe not. For, this is the secret of modern capitalism: making money from credit and equity; that is, out of nothing.
The money our government is drawing from is equity, which is a pure speculative quantity. It is the amount of money people are willing to bet on, and these bets then contribute to the asset/deficit function called equity.
Currently the US has $128 Trillion to draw upon. This is to say, to pay off bets, which are always smaller than the equity, and which always pay off into equity more than the payouts from the bets.
To the general citizen, “invest” means to “believe’ that money is rooted ethically in humanity, in life, in work, goods and services, family, etc… Regular people bet on “things”.
But the real Money makers bet on nothing.
To the true capitalist, to invest means to bet that you will lose. For the true capitalist, humanity is merely a placeholder in the game; it does not even have a stake in it. Humanity is the “zero”, the null set against which ethics is claimed, either as “good” or as “winning”. And the thing is, humanity will never end.
This is the secret to big money: no matter how screwed up humanity and the world appears, no matter how many people die for whatever reason, the money will keep rolling in, technology will endure and the aggregate group of beings called humans will continue to grow and support a small elite who function to move the body onward to the future !
That is the attitude of investors who win. So we all win, in the end.xx