Wednesday, July 8, 2020

Avoiding the seigniorage tax

Plunge In Consumer Credit Continues As Americans Repay Record Amounts Of Credit Card Debt

I expect that tax could comer to some 1000/yr for most retail banking accounts. The banks have to get that money somewhere. This is the part that creeps up on Powell, the ramifications of booting the middle class from the banking system are enormous, revolting, and the cause of much Antificantarians.

We are going to need a disestablishmentantificantarianism. Otherwise know as government default.

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