Pinned post
Not a terrible FY25 for our little band of capital allocators 馃敟馃搱馃
Andrew Page
Verified account This account is verified. Learn more@sage_simian
Private investor and founder of strawman.com.
Sound money enthusiast.
Holdings and performance: strawman.com/Strawman
Sound money enthusiast.
Holdings and performance: strawman.com/Strawman
1K Following 8.3K Followers 3.3K Posts
Latest posts 5
Dough Flow: Financial statements visualiser.
Because now, like everyone, I'm a coder 馃く
doughflow.labmonkey.app
(US only so far)
Because now, like everyone, I'm a coder 馃く
doughflow.labmonkey.app
(US only so far)
A taxpayer funded bailout for Bathla would be absolute chef鈥檚 kiss poetry 馃槝馃
Same alpha, but with better pixels and more 馃殌馃殌馃殌
OK, our social media game is not great.. but the brand NEW Strawman website is flippin awesome and it's something we want to shout about.View quoted post on X
Oh, and this month we're also celebrating 5 years as Australia's premier online investment club!
Check it out 馃憖
Strawman.com
It's crazy to me how something so immensely consequential remains entirely obscured from public and political consciousness.
鈥媁hen confronted with it, the default instinct is disbelief. Because it's just too outrageous to imagine otherwise.
And, once accepted, the mind immediately rationalises it as something both necessary and beneficial.
Probably because confronting the raw audacity of it is just too psychologically jarring to accept.
鈥媁hen confronted with it, the default instinct is disbelief. Because it's just too outrageous to imagine otherwise.
And, once accepted, the mind immediately rationalises it as something both necessary and beneficial.
Probably because confronting the raw audacity of it is just too psychologically jarring to accept.
When Australian banks lend, they create money out of thin air.
The majority of money in our modern economy is created by commercial banks making loans.
This is no conspiracy.
The @RBAInfo recently confirmed in a Senate Estimates response that when a bank issues a new loan, it creates new money electronically in the form of a bank deposit, without the need to print new banknotes.
They also stated that expanding mortgage credit expands the money supply and can contribute to inflation and rising asset prices.
Yes, the repayment of existing loans can reduce the money supply, but we know that our system is sustained by ever expanding credit (money).
Money is debt. A banking licence is a licence to print money.View quoted post on X
