Essentially, they're writing $1,000,000 on a piece of paper and declaring it to be worth the full amount of the debt. The bank issuing this "coupon" being themselves, who can totally back this coupon's worth.
Kinda like if tried to pay your bills with monopoly money.
A currency as a "negotiable instrument" only works because:
A. Everyone agrees that it does,
B. Because the controller of the currency has value with which to back the currency
B is less important these days with Fiat currency, but A is essential.
Unless you're a country's central bank, nothing you make as a "negotiable instrument" is going to be recognised as such - and even if it was, if you've no valuabke resource with which to back it up, it's worthless, so nobody would want it.
I feel sorry for these people because I do get the sentiment behind it. They feel like they're being screwed over and want a way to fight back - but if it were this easy, everybody would be doing it.
What?! You mean to tell me that cutting funding to various public services and cutting taxes for the rich did nothing to help the general public?!
Next thing you'll be telling me is that trickle-down economics is a load of shite
(/s for anyone who needed it)
It continues to astound me this has to be stated as a political position, as though objecting to Israel committing mass genocide against Palestinians somehow makes you an antisemite.
Mass killing of innocent people is always wrong, no matter who is doing it.
"The economy" these days is just a nickname for the rich man's game - the stocks, shares, and speculation that have nothing to do with the average person's lived experience.
The average person could be near-destitute, but because the rich man's numbers are going up, tHe EcOnOmY iS dOiNg JuSt FiNe!
Exactly.
People think they're rich when they've won the lottery, and sure they are compared to the average person, but they're just a fly on the wall in comparison to the ultra-wealthy.
I simply don't believe one can become that wealthy by any honest means - you can't work to get that wealthy, you can't win to become that wealthy, hell there are plenty of entire countries with less money than some of the ultra-wealthy.
The fact that these people can play around with such an unimaginably absurd amount of wealth while so many more struggle, their wildest dreams but a fragment of a fragment of a fragment of what these people have, I find to be absurd.
Just deleted the duplicate, thanks for the heads up
But that's it. That cognitive dissonance is just part of the veil, same as the meme above.
The poor folks who get absorbed by the veil think they're a shoe-in to the rich, when they couldn't be further away - they'd have better chances of being picked to go to space than becoming part of the ultra-wealthy.
It's such a laughably weak veil the rich pull over people's eyes I'm surprised more folks don't figure this out.
It's sickening to watch the rich people play their game with no care in the world whilst the working families are struggling just to feed their themselves.
Yup. Autocorrect strikes again
I agree with the OOP, it should be lit... on fire
Edit: damn you autocorrect
I find it hard to grasp how these folks just don't seem to notice what a grifter Trump actually is.
Nobody with a moral backbone could ever do half the stuff Trump did before, during, and after his presidency.