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submitted 8 months ago by GlueBear@hexbear.net to c/news@hexbear.net

The brokest hoes be the loudest gangster-spongebob

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[-] Angel@hexbear.net 43 points 8 months ago

Correct me if I'm wrong, but in this instance, it sounds like the system is collapsing really hard on itself???

[-] arymandias@hexbear.net 24 points 8 months ago* (last edited 8 months ago)

It sounds like what he wants to do is create an investment product for people with savings. So instead of having it on your bank account you give it to the EU / member government to invest. The idea is then that it is wisely invested and thus creates profit that can be payed back as interest. So not that radical. The fact that they resort to this of course is another indication that the sanctions are backfiring immensely, but to me it doesn’t sound like the apocalypse.

Edit: although the fact that he keeps rambling on about AI makes me think a lot of Western European upper middle class families will loose some of their savings after the money disappears in some kind of AI Blockchain scheme. Or more realistically they get their savings + interest but governments need to cut healthcare spending to cover it.

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this post was submitted on 25 Feb 2024
134 points (100.0% liked)

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