Thread by @SaysSimulation

Ruh Roh, Legal Nobody just busted me, and figured out my localist agenda.

When almost everything is owned locally or in-state, then out-of-staters don't own it. New Yorkers, NYC banks or multinationals don't own almost any of the Heartland.

The issue is money vs the Real.
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https://twitter.com/legal_nobody/status/1985169798636949798

Few people understand how money really works in its modern form. Money is entirely artificial, it is artificially created in highly controlled process - and that money creation is the key to how wealth is distributed in America.

All current US dollars are debt.
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Money is brought into being by borrowing. Control the banks, particularly the central bank (the Fed), and one can literally bring money into existence in vast amounts, to buy and control the real, to outbid & buy the people whose wealth comes from the real.
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This money creation via controlling the debt & borrowing process is the key to the vast wealth that is created by DC & NYC (and some other places like CA).

Both DC & NYC borrow trillions of dollars into existence on an annual basis currently. That newly created money
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goes straight to patronage groups, or is used to buy up & control the assets of the rest of the country. People become poor renters in their own counties, while wealth is redistributed on an outrageous basis to urban concentrations. People then follow that money seeking status
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The nation & Fed used to have laws to keep this from happening. Banks used to be much more locally owned, reinvesting in their communities, and their were (and are) 12 regional Federal Reserve banks, to keep any one region from pulling this off.
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The corrupt whores who so completely run our nation perverted that entire process decades ago, of course, as all the old protections for the common people were removed.

With localization, distant elites stop owning us. We own ourselves & what we produce. Financial revolution!
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That's one of the reasons why this whole communism vs capitalism thing is a false dichotomy, that lures in the midwits.

People accuse me of being a communist or socialist, because I want the wealth to be with us, the people.
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Complete bullshit! What I want is an end to where a near century of perversion of the money system has taken us.

I want private ownership to drive everything. But, I want the ownership to be local - including the banks & bank lending.
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That would indeed lead to a revolutionary redistribution of wealth. But the wealth would redistribute to local owners producing, instead of the entire nation being a rent seeking scheme where creating money to buy assets obscenely concentrates wealth in a few areas.
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