Economic Principles - Productivity growth, driven by innovation and hard work, is the primary driver of rising living standards over time [1] - Credit's impact is more significant in the short term due to its ability to create economic swings, allowing consumption to exceed production temporarily [2] - Borrowing is essentially pulling spending forward, creating a future obligation to spend less than one earns to repay the debt, thus forming a cycle [5][6] Credit and Debt Dynamics - Credit differs from money; money settles transactions immediately, while credit creates an asset and a liability, representing a promise to pay in the future [7] - The total amount of credit in the United States is approximately $50 trillion, significantly exceeding the total amount of money, which is about $3 trillion [8] - Credit is beneficial when it finances productive investments that generate income to repay the debt, but detrimental when it funds overconsumption that cannot be sustained [10] Economic Cycles - Economic swings are primarily influenced by the availability of credit, not by fluctuations in innovation or hard work [4] - Borrowing sets in motion a predictable series of events, making understanding credit crucial for anticipating future economic outcomes [6] - An economy with credit experiences increased spending and faster income growth than productivity in the short run, but this is unsustainable in the long run [9] Example of Credit Amplification - An individual earning $100,000 annually can borrow $10,000, enabling them to spend $110,000, which in turn becomes another person's income [11][12]

💥BREAKING:🇺🇸 U.S. TREASURY BUYS ANOTHER $4,000,000,000 OF ITS OWN DEBT. https://t.co/Xy1iXXfD4y ...

BREAKING: 🇺🇸 US TREASURY HAS JUST BOUGHT $4 BILLION OF ITS OWN DEBT.BULLISH FOR BITCOIN AND ALTS 🚀 https://t.co/tnRTWQITtg ...

Exclusive: Indonesia's wealth fund seeks to sell $3.1 billion of debt far below market yields in hopes investors will show support buying the "patriot" bonds https://t.co/tu0u3AbOMr ...

Pure, the Hong Kong gym chain frequented by the city’s financial elite, has secured commitments for new funding to help it pay down debt, according to sources https://t.co/njAcsAkQuQ ...

How the economic machine works in 30 minutes. The economy works like a simple machine, but many people don't understand it or they don't agree on how it works. And this has led to a lot of needless economic suffering.I feel a deep sense of responsibility to share my simple but practical economic template. Though it's unconventional, it has helped me to anticipate and to sidestep the global financial crisis and it has worked well for me for over 30 years. Let's begin.Though the economy might seem complex, it ...

Economic Analysis - China's debt from funding innovation is considered vast and unsustainable [1] - Government support for new technologies may need to be reduced [1]

Societal Faith & Control - American institutions (media, medical, judicial) have lost public faith, potentially leading to instability [1] - The illusion of "The American Dream" (promise of wealth) is crucial for maintaining social order [1] - Endless debt creation ("money printer brrrrr") is used to control the population and defer problems [1][2] Economic & Social Stratification - Ambitious, high-energy individuals are controlled by the opportunity to become wealthy, preventing revolution [2] - Low-energy, non-ambitious individuals are considered unimportant and are left to struggle [2] - The current system relies on passing the debt burden to future generations [2] Economic System Analysis - "Growth" and "GDP" are based on debt [1] - The economic system distributes money to the most innovative individuals [1]

Senegalese lawmakers, economists and civil groups called for an audit to determine whether $7 billion in previously unreported debt should be canceled. https://t.co/QKa1FGYbOU ...

It's mindboggling that these Republicans are sitting back. If Bill Clinton or George W. Bush when I was there had said, "Hey, this is what we're going to do. We're going to sue law firms that we don't like and we're going to make them pay us a tribute. We're going to sue schools that we don't like and we're going to make them pay us a tribute." And and by the way, they're going to have to teach their students in classrooms what we want them to teach.And more importantly, the things that we find offensive, w ...