/biz/ - Business & Finance

Doomed*

How'd you learn about it anon? Any juicy links I can read or watch to find out what I've already known, but in much greater detail than before?

boomer just saw zeitgeist?

>>10187039
Because they do not teach you these things in schools. In fact, school teaches you to be a good goy consumer.
I did not learn about fractional reserve banking until last year. I am fucking 29 years old.

Also i suppose youre a little too old for Ron Paul 2008, so there's that. I always enjoy a good documentary about how we're all fucked in times like these. I could use a chuckle, we all could go for a chuckle right now.

>>10187039
Good old 3% inflation with 5% debt interest with a return value of .05%

Good ol Debt system.

>>10187039
What did you expect? The government to teach this to you in public schools? (A.k.a. Indoctrination camps).

>>10187178
I got you brother. We have to spread the word and wake the masses up.

https://www.youtube.com/watch?v=tGk5ioEXlIM
https://www.youtube.com/watch?v=p5Ac7ap_MAY
https://www.youtube.com/watch?v=-YVaThDVIm8

>>10187194
Exactly. Government and fed work hand in hand. You think the gov run schools were gonna red pill you?

>>10187039

otoh, think about what you could finance if, in the future, all debts are forgiven because everyone's money inflates away.

>>10187216
Here is a video explaining how wars other than proxy wars are now are being fought in the minds of Americans.

https://www.youtube.com/watch?v=2eB046f998U

op life is whatever you make it end of story. you can live life travel as a hermit and say fuck the world if you want. or you can wage slave and pray for a raise that barely covers modern day expenses. iam leaning towards saying fuck the world personally. I am tired of people telling me what to think feel or do because it effects their expectations of what life should be.

>>10187178
I bought into Bitcoin after doing a steroid cycle in Feb 2017 and the only payment was Bitcoin. It kept going up in value and I kept buying more. I never understood why crypto was necessary until now. Between November 2017 and present time I made and lost $200,000 in value from my minimal crypto investments. I started googling and youtubing why Bitcoin will succeed and stumbled upon the banking scam. I've watched pretty much every fractional reserve banking video available on YouTube and I'm here shocked. I took economics in high school and undergrad. Never once was this mentioned.

I'm sitting here numb. Part of me is glad crypto is so cheap right now because I got an amazing job and am pouring every cent I make into various cryptos. Bitcoin, or crypto, seems like the perfect currency... But I'm here, completely numb at the fact that I've lived this long and had no fucking clue that every dollar I spend is representative of money owed to someone else... That my friend got his house foreclosed in 2009 not because he was irresponsible, but because the system is built for defaults to occur. Never realized that interest paid doesn't exist in the money supply.

We are all slaves to a system that we will never be able to escape.

What. The. Actual. Fuck.

>>10187258

Experience points to you

>>10187258
>but because the system is built for defaults to occur
Can you elaborate on this? Is there a video that explains this?

>>10187359
Saw the movie "margin call" recommended on /biz and am about to watch it while sippin' this afternoon.

I watched the big short the other day. I hope that the banks burn in my lifetime.

>>10187039
I woke when I was 28 too, that was back in 2011, and I am glad that I accidentally the whole bitcoin

>>10187367
https://youtu.be/P-5xDzTvW6E

This is one of the most concise YouTube videos.

I can't believe this is the world we live in and nobody fucking cares. Everyone is struggling and getting into more and more debt and they don't understand it's not necessarily their fault.

>>10187216
Holy fuck just finished the first. thanks for sharing..

>>10187258
watched way too many youtube videos frien

>>10187039

>>10187216
>>10187256
Thanks. Something to watch later today after i finish mowing the banks lawn

We need to start businesses that run purely on crypto /biz/.. What's the next steps here realistically in the coming decades?

>>10187390
They give consent.

Nothing in the Bail/Baal system happens without consent.

Mammon worship is idolatry. A FED note is clearly only a peice of art. 1 iou to the FED is no different in value than a trillion ious. Privately printed, irredeemable, promises to pay.

Why is delusion more comfortable than seeing reality as it is? Why do most prefer to be beguiled (wholly seduced)?

Feed em shit, keep em in the dark, and hold the entire world in trust for the return of Yahuwshua... That is the genesis of things, the enmity between the seed of the serpent and the seed of the woman.

Any road leading the sheep to this MUST be occulted.

Being critical of mammon is as dire a threat as forcing women to be aware of their treasonous preference for Nephilim.

>>10187039
>hy the fuck don't people care about the entire financial system of most large nations being a complete scam.
Because politics has been co-opted to mean "Can fags marry?" and "Do we fund abortion?" to distract people from the real issues that affect their lives.

This is a dark road you may go down. Remember to trust your instincts and just buy gold if in doubt. There's momentum in the system, and it'll struggle on, but its also founded on a complete lie. At some point there'll be breadlines, when the next real depression hits.

>>10187390
>I can't believe this is the world we live in and nobody fucking cares

Because knowing what Kim k's newest makeup is. Much more important

>>10187866
>Mammon worship
what did you mean by this

What's going to happen when technology replaces and displaces so many jobs, to the point where few actually "make" "money?" We just print more money to give people for existing, or we purge and prevent them using various methods. A brave new world is on the horizon everyone. I for one am glad to watch it burn even if it kills me.

>>10187879
>breadlines
What are SNAP and food stamps, Alex?

>>10187909
Worship of materialism. Literally the first thing from Google: wealth regarded as an evil influence or false object of worship and devotion

>>10187984
>What's going to happen when technology replaces and displaces so many jobs
it will happen what always happened. more people are going to become soccer players, race drivers, poker players, singers, youtubers etc...

>>10188031
We have welfare in the UK, its relatively generous. There's still millions of brits using food banks.

Poor people are stupid with money.

>hurr banks are evil!!!
then don't take loans faggot

>>10187879
>buy gold
>not btc

>>10188235
It doesn't matter if you dont. Your wealth is devalued constantly because it's funny money and means nothing.

Gold and BTC are the only things worth a damn because they're finite.

>>10188256
>>10188263
ayyyyy my nibba

>>10187039
>Consider me woke
You haven't even started!
FYI 'Your' 'money' in the bank account is not yours...Only enough insurance for ~1% of accounts when the banks collapse.

Have a look at this document released by the BoE
its 14 pages...read it carefully!
https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf?la=en&hash=9A8788FD44A62D8BB927123544205CE476E01654

TAXES
The grace commission

The report said that one-third of all income taxes are consumed by waste and inefficiency in the federal government, and another one-third escapes collection owing to the underground economy. “With two thirds of everyone’s personal income taxes wasted or not collected, 100 percent of what is collected is absorbed (((solely by interest on the federal debt))) and by federal government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services [that] taxpayers expect from their government.

>>10188275
>>10188256

these nibbas on that SYNC

>>10188263
>It doesn't matter if you dont. Your wealth is devalued constantly because it's funny money and means nothing.
I can buy REAL things with that "funny money" you stupid fuck. You are exactly like the greedy bankers, you wanna be "in" Bitcoin in the hopes it catches on in the future to be rich as fuck so don't pretend you care the economics.

>>10188361
I dont want to have my quality of life shat on by a federation/union/democracy of morons and migrants. If that means I have to get rich to maintain the standards I have then so be it.

I just dont want to wake up next year on the same wage, fiat in the bank, but prices have double. Tripled again the year after that. Inflation is a time bomb for the west, it's whether the dollar's worthlessness will be realised before the pensions/welfare bubble bursts which determines what sort of fireworks we get.

>>10188361
Confirmed for not watching the videos posted, being rich isn't the issue it's how the system works that's the issue. And we are all debt slaves because of it. You should get in BTC because it actually solves the bank problem.

>>10188418
yea like I said you wanna be rich so YOU can shit on poor people
>inb4 "no man I'm totally pure angelic being I will always act morally even though it's in my nature to take advantage of others for my own benefit"

>>10188482
I don't have debts because I'm not retarded, and btw there's nothing wrong with having debt if you know you can pay back.

>>10188486
>>10188497

t. ignorant shitter

>>10188319
Miss K. Hudes, formerly of the world bank, describes how federal taxes are routed from The City (D.C.), to The City (london), to Swtizerland, to The City (Vatican), where Homo-Capensis keeps the whole world in trust (babylon) for the return of the christ.

Taxes pay for nothing, newly 'printed' money pays for everything.

Only those Jews at the tap benefit from new, debasing currency before inflation-slack eats the relative value of the gains.

FED notes are a system of Moral Relativism, which is one of the Satanic ideologoys. Not Material-Hierarchicalism, the service to self version of which is the second Satanic ideology. The third is Social Darwinism, which is the essential logic behind hating manlets and preferring tall psychopaths (Serpent Seed Cain-Ables). Which are the Corpse-Orating order followers compelled to serve? MAN or the predator of man?

Women 'must' prefer to be wholly seduced, beguiled, by serpents.

>>10188546
>it's not my fault for paying the consequences of using the system it's the system's fault!

>>10188546
He's too low IQ to see the macro picture, dw about it.

crypto is a scam that relies on supply and demand

traditional banking is a scam that relies on you trusting your government

>>10188589
that's the beauty of crypto. If shareholders don't like the governance or inflation rate, they can move to another coin or just fiat.
With fiat your assets are liable to being stolen through QE at any unpredictable time.

>>10188361
projection, projection. i just want my money to not devaluate... if 1 BTC buys you a house in 2020 and 1 BTC buys you the same house in 2040, then BTC is successful. and if you think a house for 1 BTC is outrageous, consider the average price for a new house in 1960 was $12,700, while the average income was $5,300.

this entire thread is just sad

>>10187039
I cant remember where I learned about fractional reserve. Maybe when zeitgeist came out or from ron paul or something.

>>10187216
Thanks for sharing, bout to watch that Yen one.

>>10188710
But you're never going to spend that 1 BTC because you could buy a nicer house for the same price the following year. You will be literally losing money by spending BTC.

>>10188486
what the fuck are you on about? Nobody likes poor people, not even poor people, thats why everyone works their asses off day in and day out for shelter and food.

>>10188765
why are you talking to me? that reply wasn't for you dumbass

There's nothing wrong with fractional reserve banking. It's a highly efficient and liquid system that allows for a consistent expansion of credit and of the money supply to fuel the economy, and allows for swift coordinated action to respond to market corrections.

Yes, if things go to shit your money will be worthless, but if you had gold instead the economy would still be in the tank if things went to shit so it's not like you'll be materially better off. Furthermore, why would be constrain an extremely profitable financial system out of concern for a worst case scenario that is both extremely unlikely and *often preventable by that very same financial system*?

>>10188757
Lol at btc being worth more the following year.

>>10188803
lmao are you serious? no wonder you opened such a retarded thread, you're retarded as fuck

>>10188566
Oh really it is my fault that the tax system is fucked? my fault that the value of the dollar continually loses value while taxes rise?

>>10187187
they literally do teach it in most social studies courses. I knew about this shit in high school and I'm 24. You're just retarded.

>>10188795
TINSTAFL

>>10187039
Because your average Joe is busy working out there and earning to support their families. They don't have time to philosophize and theorize when they've got mouths to feed instead of being NEETs and reading websites on the internet all day. There's a reason they're "average" anon and there's also a reason why most won't really give a damn. As long as there's food on the table it won't really matter as in their minds it barely affects them.

>>10188821
Of course not.

>>10188873
you chose to have a family. how is it his fault. that being said. i care about your family and agree with him at the same time. am i really in the minority with that fren

>>10188843
vote for better representatives, or better yet, run for a position yourself if you're so sure you know how to fix the system. if your ideas have any merit they'll get implemented. or leave. or save money instead of spending it, you know, if you can foresee taxes rising.

>>10187258
cringe

was always wondering who I was dealing with on biz, today I realized that I'm talking with people learning how money works at 29. wew lads.

>>10187039

Oh anon....that's a great step you've taken. But it's just the first step, just a part of the picture. And while I'm sure you've expected this - look at the the people involved in both making the scam occur, and perpetuating it. What do they all have mostly in common? What clubs, companies and *cough* religions & ethnicity do they so often share? What binds them together other than just big bank accounts (which is all communists and such notice). Follow the money anon. And see you on /pol/ soon.

>>10188934
>tfw libertarian to alt-right pipeline btfo
we /biz/ to /pol/ now

>>10188932
you mean people falling for conspiracy theories because they never learned how money works

I am going to run for governor of Louisiana in the next 20 years. We will mint our own crypto, backed by the price of sugarcane. Thinking about calling it PeliCoin. Welfare will be paid in PeliCoin and only specific items at grocery stores will be purchasable with PeliCoin. Businesses will be allowed tax breaks for accepting PeliCoin. Marijuana will be taxed, and the money put towards trade schools. Graduates will be hired by the State to rebuild our infrastructure, paid in PeliCoin. Hell. We may even build a wall around our border.

>>10188902
I didn't say it was a good or bad thing. Point is most people don't give a shit about this as they're too busy having mouths to feed and they feel it doesn't directly impact them.

>>10188920
I read all your replies in this thread. I have to say I'm appalled at how delusional you are. Get a grip on reality. I hope you get burned hard in the next few years so I can laugh at you.

>>10187039
I was just learning about this

>>10188976
Can I come live there?

>>10188858

>The price of fractional reserve banking
>what is interest for $500 Alex?

>>10188991
so because they are too busy to worry about it does that make it wrong

>>10188486
>>10188566

A little too eager to purposefully ignore his main point, that you could live in a cabin in the woods but if you pay taxes & use fiat, you're still feeding the beast (although yeah, attempting to avoid personal debt is a good idea). Hold Gold for the value store, cryptos for electronic exchange (and stuff like DGX to combine the 2), and you can avoid the worst of it - but only to a point. And you're glorifying the people that own you and despise you, thinking that by emulating them you'll rise to their level, pathetic. Typical of your servile slave race mentality. You'll NEVER be part of their team pajeet. You weren't born into the right family or race, and if you make more than a few million you'll end up as their bitch - or just a sudden cancer/car crash.

>>10188997
how much money did you make in crypto big boy?

>>10188976

Fucking do it! Sounds awesome.

>>10189029
and what are you suggesting exactly, to replace the current system with one that is unproven and susceptible to corruption as much as any other system out there? grow up, there are no utopian solutions to anything. learn to live the best you can given your playing cards and stop blaming others for shit you yourself can't fix.

>>10189081
surely you must see that there is a beautiful field of middle ground between replacing an entire system and revamping the tax code and gutting government projects that are flagrant wastes of money

>>10188959

Yeah, I'm sure the deliberate creation of a global financial/political hegemony that functions like a ponzi scheme and causes an avalanche of debt that can never be repaid, is lied about and obscured in all mass media source, finances all wars and major political movements, sustained by a small percentage of the global population is a total (((cohencidence))).

>>10188976
>basing your entire economy on a single commodity
eh, we already have one of those

>>10188731
I respect your will to dominate others

>>10189038

That's not the point. Hope your mom gets cancer you stupid boomer

>>10189105
You probably think inflation is a bad thing. You're angry about things you don't even understand.

>>10188920
Lmao fuck you

>>10189101
how do you know any of that? do you have the expertise? do you know better than the guys working for government that are specifically dealing with that shit and it's their job and maybe passion? send them your solutions if you're so sure of yourself. if your solutions are better then they are going to get implemented sooner or later, I can guarantee you that.

>>10189109
It won’t replace the dollar at all. But it will help redirect the path of poverty and welfare, while providing a fallback option for our state if the dollar were to collapse. It would never be the goal to move towards a majority PeliCoin economy while the dollar was still functioning.

>>10187039
its been talked about for decades. 'Woke' people realised no one gives a fuck and nothing can be done, so its all about getting rich now, with crypto of all things lmao

>>10189154
Last president who confronted the (((financial bank))) was assassinated.

sage and hide all false flag threads

>>10189125
just dropped these bags anon and save your money, crypto is a scam. you might be too emotionally attached to realize that. i'm not being hostile right now.

>>10189140
lmao go rip a bong and drone how them governments be oppressing you and shit, maybe one day the world will bend to your words and we'll usher in a new era of peace and prosperity where nobody gets hurt anymore

>>10187039
>money creation fraud
What are you talking about

>>10189175
by attributing so much power to these institutions you are ironically giving them that power. NO institution is too powerful to collapse. you just like to blieve in conspiracy theories because it's comfy like every other 20 something year old.

>>10187374
Have you ever read a book or is hollywood your exclusive source on finance and economics?

>>10189203
>no institution is too powerful to collapse
tell that to the Vatican. Still going strong after countless centuries

>>10189184
I'd say you're the one who's too emotionally attached to realize that the fiat system is a scam. Hope arthritis sets in soon along with other boomer problems

> invest in markets
> never learned about Jekyll Island
Are there /bizfags/ who don't know G. Edward Griffin?

>>10188976
W-woah...

>>10189220
the egyptian kingdoms existed for thousands of years

>>10189230
the fiat scam lets me buy nice things for a fair amount of work, it's certainly better than the crypto scam that does nothing but allow criminals to prosper.

>>10189184
I'm sorry all you deserve at this point is shitposts, you retarded brainlet. kys.

>>10189023
If you want to troll, then you better put a little effort to it. This isn't even average trolling by 4chan standards, it's just subpar.

>>10189276
Ok have fun bootlicker. Try not to get screwed too hard when everyone gets screwed by the exact set of things we have been trying to warn you about.

>t. has bought land with bitcoin

>>10188731
This.
Grow up.

>>10189203
>by attributing so much power to these institutions you are ironically giving them that power.

Are you fucking stupid?

>you just like to blieve in conspiracy theories because it's comfy like every other 20 something year old.

Nothing being discussed in this thread is a conspiracy you faggot. Imagine being over the age of 30 and being this much of an ignorant little goy.

https://www.youtube.com/watch?v=tGk5ioEXlIM

>>10189157
I didn't say anything about the dollar. making something crypto isn't some kind of magic, you're still paying people in sugar cane
anybody could fuck with your government by just planting a bunch of sugar cane and dumping it on the market.

>>10189316
you bought that land when bitcoin was at 19k right?
...right?

>>10187039
>the entire financial system of most large nations being a complete scam.
Are you people really THIS fucking stupid?

I mean, holy shit. The "money multiplier" (yes that's really what its called) has been known since fucking Greece. There is nothing about fractional reserve banking that is unsafe, the money multiplier is EASILY calculated and is accounted for when "new" money is produced.

Fractional Reserve banking is often explained by fucking idiots on YouTube trying to make it seems like you're somehow getting fucked by the banking system when you deposit money, when in reserve requirements, along with discount windows, federal funds rate, and interest rates, have been used to keep our currencies value stable for almost 100 years.

Fractional reserve banking is the most optimal banking system. period. It allows money to get to where it is most needed at any given time allowing for maximum growth, you dumb fucking 28 year old boomer.

Brainlets need to fucking stop.

t. Mathematics and Business major.

>>10189395
Explain to me how I could buy a brand new house in 1960 for $12,000 and you call our currency "stable"

>>10189344
>Nothing being discussed in this thread is a conspiracy you faggot.
>Https://www.youtube.com/watch?v=tGk5ioEXlIM [Embed]
>the Rothschild family (called "Red-Shields" in the film) are controlling the Federal Reserve and that they were responsible for the assassination of JFK.
of course nobody who believes in conspiracy theories sees their own beliefs as strange

>>10189344
that cartoon is stupid as fuck and I'm only 5 minutes in, is this really the sources you draw your ideas from? lmao

>>10189412
I'm just going to copy and paste shit from google
>Here's how much the median home value in the U.S. has changed between 1940 and 2000:
1940: $2,938
1950: $7,354
1960: $11,900
1970: $17,000
1980: $47,200
1990: $79,100
2000: $119,600
>Here are those values again, adjusted for 2000 dollars:
1940: $30,600
1950: $44,600
1960: $58,600
1970: $65,600
1980: $93,400
1990: $101,100
2000: $119,600

there are a lot of other factors but; population roughly doubles, housing price roughly doubles.

>>10189412
Okay cunt. Here is a graph I made of the inflation rates of stable currencies vs unstable currencies.

Also, the consumer price index in 1960 was 29.3, in May 2018 it was 251.6. If you take 12,000$ in 1960 money and convert it to the purchasing power of today's money is 102,000$, which will buy you a pretty cozy 3 bedroom house in most of America.

>>10189508
>median home value in the U.S.
Home values vary so much by location that any discussion on monetary value is meaningless without restricting discussion to a specific locale of uniform land value.

>>10189561
thats not the point you nigger
>today's money
meaning the currency loses future value, its made to be spent as soon as possible. Those 12k kept in a safe 40 years are not 102k today, they're still 12k. Many are living comfy off that off that increasing supply, without adding any real value to your society. They buy everything others work hard for with the gains of their infinite supply of loans.
But what do you care, you are probably paid to defend this, teach it and apply it everywhere

>>10189597
>putting money under your bed and expecting it not to lose value.

Okay porch monkey, do you want us to halt all economic growth because you want your money not to inflate SLIGHTLY?
Not to mention that most millionaires that "live off the excess supply" are self made and worked their asses off to get there.

That 12k kept in the market would be worth a whole lot more than 102k today, money in the market gains a lot of value.

>>10187257
it doesnt have to just be between

>muh hermit
or
>muh wage slave

Have you perhaps considered learning to create products and services and influencing people to want them? Think Platos cave, which is essentially what happened to OP. He finally sees the light outside the cave and the puppeteers putting on the show for their benefit, so he runs off and enjoys the light. But man does that get fucking boring and materially depressing. There is no reason you can't return to the cave (society) and join the puppeteers/elite now that you can see the strings... Up to you to reverse engineer it and get people tuning into you...

>>10189573
I don't agree but okay. here some real estate blog I googled that tracked new york rent for the past century. still the same trend after you adjust for inflation
http://www.millersamuel.com/change-is-constant-100-years-of-new-york-real-estate/

>>10189634
>economic growth
>sligthly
>market value
keep believing your ways are the only way to manage the economy, dumbass boomer

>got lot of moeny
>Will still really small

>>10187178
Check out these books:
The Tower of Basel
The Creature from Jekyll Island

>>10187908
it is to the majority of females as opposed to our economic system that they couldnt even begin to tell you about other than "uhh you work and get paid duh". As long as people have their TV, their internet, their roof, and their food, we'll have the system we have.

>>10189597
>its made to be spent as soon as possible
that's pretty much the point of target inflation rates. why would you invest your money into making things like cars and smart phones when you can make money by just hiding it under your mattress
>Many are living comfy off that off that increasing supply, without adding any real value to your society
isn't that what everybody buying bitcoin is hoping for? buy some crypto and hope it moons without doing any actual work

>>10189684
>being this much of a zoomer

kek

>>10189668
That picture tells a very different story than the one in >>10189508.

>>10189777
because you're supposed to be matching the image to the text? I don't see what you're missing

>>10189276
Incorrect. You agreeing to be compensated in fiat for your labor is nonsense.

One may not discharge a debt with another debt.

What has value is your consent, your signature, your attention.

There is no connection between your pay and the profits or losses of a corpse-oration, other than your assumption that this is the case.

Wagies are payed with freshly printed/copied inflationary currency.

There is no lawful money, and everthing exists to conceal this fact.

A dollar is an amount of silver, cash is an amount of silver. Silver is money, silver is decentralized PoW. Fiat is an iredeemable, privately printed, promise to pay... Premined, PoS.

>>10189412
The median household income was also $5.6k/year..

>>10189597
>waa people who understand the system and use it to their advantage aren't fair!

Funny how you think providing additional resources (money) to where it is needed most as demanded by the market isn't providing value... You can do it too faggot. You sound like a fucking commie.

Acting like those who get those loans and work hard are sooo fucking innocent. They're dumbass consumerist lambs to the slaughter dude. Like I'm supposed to feel bad because Joe fucking six pack wants to take out a loan for some new mud tires for his truck while making 10/hr working at the jiffy lube? Or Tina just needs a new 30k car at 15% APR every year while making 50k/yr working 50 hours a week managing the iHop... Puh-lease. Fuck these people and let them get sucked into and destroyed by their own vices. As long as YOU do the right thing, you'll be fine.. So will your posterity. Get yours and stop trying to act like the fucking peoples savior you homo.

>>10189822
>A dollar is an amount of silver, cash is an amount of silver. Silver is money, silver is decentralized PoW
1839 China would probably have something to say about that

>>10189879
everyone takes loans, its how thinks 'work' these days, not just the average joe. You are literally at the feet of those with the power to create money.
Kings were already taking them centuries ago, its how this shit started. So its a long time issue and it has given us nothing but trouble. We didnt boom scientifically, economically and technologicaly because of this system, but in spite of it

>>10187039
welp. thanks for looking into it..
you will slowly learn 99% of the people in this world don't.

although it took you many years to think about it.. the fact you did means you got heart, kid.

>>10188087
Says the guy shit posting on biz. The king of faggots trying shill their get rich quick schemes

>>10187187
They taught it in my school. Maybe it is like this cause american school suck?

>>10187039
Widespread financial illiteracy

>>10187187
We learned about it in intro microeconomics in college.

That's why I left

Not VENEZUELA but close

And safe

Consider it

Maybe Uruguay if your into Euro

Taking your ameriburger knowledge to a country 50 years behind

Oh cry for me Argentina

The women, food, weather

Muh burger lol is better

I may be a brainlet here, how do we use this idea to be as rich as the Jews? (Rich as in quality of life) as I see it, it doesn’t matter what you think of it if your view doesn’t change a thing. Buy gold? Don’t be in debt? Use BTC? If 99% of average Joe’s use and accept this system, we just have to live with it.

lol.

>the absolute state of /biz/
>29yo boomers learn about fractional reserve banking in 2018

What comes next? You realize that bankrupt private institutions get their asses covered during every crisis by the state?

>>10190515
buy SPY

>>10190990
This. Lmfao @ learning this in 2018

>>10189395
>It allows money to get to where it is most needed at any given time allowing for maximum growth
Nope, central banks create bubbles and other mal investment with their manipulation of interest rates and other monetary tools.
Just like when governments try to fix prices too low and are surprised when there is a shortage. Interest rates are the price of money, you mess with that and investment is not optimal in incentivizing short term consumption and long term production.

>>10191119
*Balancing rather, investment and consumption

>>10189879
Implying monopolistic control of the money supply isn't one of the planks of communism

>>10189412
>>10189508
>Explain to me how I could buy a brand new house in 1960 for $12,000 and you call our currency "stable"
>there are a lot of other factors but; population roughly doubles, housing price roughly doubles.

t. both of you are wrong, and lack very basic reasoning. no chart even needed

>>10191208

ITT a bunch of loser who blame the system for there problems

>>10191284
>implying Im not paying for problems other people created

this is the future we choose. a few gentlemen in germany figured out the scam some decades back and tried to put a stop to it, but we didnt let them.

it was in one of gottfried feder's lectures about banking and usury that drew hitler into the NSDAP.

>>10189395
get a a load of this indoctrinated goy!

>ITT dumb goyim defending inflation

you dipshits do realize the us dollar was a deflationary currency for the first 150 years and the US states had zero income tax. in that time america became the richest nation on earth. it has only gone downhill since 1913 you burgers should be ashamed your forefathers would roll in their graves if they could see what happened to your once proud nation

>>10189395
>Business major

Oh look he has a business degree, let's pack it up boys he certainly showed us. Clearly the financial system isn't set up to benefit the government, banks and large corporations in that order and fuck us in the ass with bullshit money printing and usury.

>>10191381

>>10191455
bussineess majors and the like are the goodest goy's out there. they have willingly paid for indoctrination, their whole academia was founded to justify a massive usury debt based consumer system.

the muslims have the right ideas when it comes to money, bankers and jews.

>>10191454
This

>>10187374
Margin Call is an awesome movie, great pacing

>>10187258
>>10187984
>>10188418
>>10188482
>>10188843
jesus christ the cringe in this thread

>>10188932
this

>>10187039
how did you live this long without knowing is the real question

>>10188757
there's no realistic scenario in which BTC could be worth half a mil of current money and experience 50% swings year to year
again, reread carefully: the goal is to have BTC as a stable store of value. its current speculative use is a consequence of early stages, not a desired goal

>>10189508
i wonder why you arbitrarily stopped in 2000 when we have data going all the way to 2017

>>10189126
Which inflation ? The one created by printing money, or the one created by increase in consumer demand pushing the production to increase until an equilibrium is reached like it should ? The first is a bad thing, the second is not

>>10189634
Since when economic growth inflate currency ? HAHAHAHHAHA holy shit what kind of retard go out of business school ? Economic growth doesn't affect the value of a currency at ALL. MV = PQ, if Q augments, V augments too, and as long as M stays stable, P stays stable too retard.

>>10192546
retard

>>10192585
I'm pretty sure I know more than you about this subject

>>10192588
you probably don't

>>10188920
>being this naiive

>>10192592
Say something to make the discussion progress then, so I will be able to assess your limited knowledge on economy

>>10189175
>Last four presidents who confronted the (((financial bank))) were assassinated.
ftfy

>>10188562
spotted the manlet

>>10192599
Inflation is better for those in debt since the actual value of their debt goes down, despite the numbers not being directly changed by inflation. This is due to 1. Incomes (in dollars/euros/pesos/etc) increasing while the debt increases at the agreed upon interest rate and 2. Inflation reducing the "real" interest rate since the value assigned to each unit of currency decreases.

Inflation also encourages spending which keeps capital flowing, while deflation (an inherent risk of a finite currency since wealth/value created will go up while units of currency to go around stay limited) encourages hoarding and only benefits the moneylenders since incomes (in units of currency) go down while the purchasing power (value) of the debt goes up- increasing profits.

If you're so concerned about inflation then pursue means to expand and increase your wealth, rather than throwing it into depreciating assets or hiding it in a bank. Learn to play the market and grow your wealth faster than inflation will chip at it. The people that complain about inflation are just glorified gibs-seekers since (like the fags who want free things due to their lack of skill) they don't understand how to preserve and grow their wealth- only how to slave away until they die.

Deflation in a finite currency sounds good until no one pays their debts because their income has matched the deflation or because everyone is hoarding their money knowing they'll have more value tomorrow than today,

>>10189653
What if the enlightened one decides this infinite “wants” (besides fractional banking) is actually a co-conspirator. Not crypto-anarchy, not communism, not conscious capitalism - we need to try a different kind of “ism” (partially based on Blockchain tech; nof crypto) at small scale with an experiment mind-set. Please read the book “Ascent of Humanity” (free/online).

Yeah, when I found out about it, everything clicked, how criminal it is, how inflation steals from people, how the government protects it.

Its just fucked up, with crypto you wont be able to do that.

>>10190515
If you aren't powerful and influential enough then having knowledge of this won't change anything. However you can use it as a motivation to actual become rich or retire early to never work again through financial shortcuts (which, yes, includes to not be in debt and fall for Jewish tricks). You can also use BTC which is a good counter against this bullshit, in the long term you might even become rich and retire early so it's a win/win scenario. Sell some alts but use them too.

>>10192627
>Inflation is better for those in debt
This is obvious. Good for someone doesn't mean good for economy
>Inflation encourages spending
This is yet to be proved.. this is the main argument for QE but it doesn't seem to work
https://www.stlouisfed.org/publications/regional-economist/third-quarter-2017/quantitative-easing-how-well-does-this-tool-work

>deflation, an inherent risk of a finite currency since wealh/value will go up
No it doesn't work like that. There is no reason for money to track the wealth of its country, no reason for the price of money to increase with a country GDP. Money is just something you can buy or sell and the need for money so its demand is not influenced by the wealth or value created.

>>10192637
Good read

>>10192673
>This is obvious. Good for someone doesn't mean good for economy
In this case, it more or less does- reduced individual debt allows for more funding to be allocated towards other expenses.
>This is yet to be proved.. this is the main argument for QE but it doesn't seem to work
I agree QE is somewhat iffy, but it is what it is.
>No it doesn't work like that. There is no reason for money to track the wealth of its country, no reason for the price of money to increase with a country GDP. Money is just something you can buy or sell and the need for money so its demand is not influenced by the wealth or value created.
Never claimed it followed GDP. If a currency remains finite but the people working for it (and their productivity) increase, then it will steadily divide into smaller increments while the value remains the same for the divided bits. Money is a store of value, and value can be created. If no new money is created to match value created, then the value assigned to each unit of currency increases.

>>10189081
>he doesn't know about post scarcity

>>10187039
I remember learning about this, was quite devastating. Atleast you took the time to learn about it, most people don't, maybe they will to at some point.

now imagine BTC winning and they start secretly printing money and buy up all the Bitcoins >:D

>>10192698
>Never claimed it followed GDP. If a currency remains finite but the people working for it (and their productivity) increase, then it will steadily divide into smaller increments while the value remains the same for the divided bits. Money is a store of value, and value can be created. If no new money is created to match value created, then the value assigned to each unit of currency increases.
No this is wrong, and counter intuitive I have to admit. Imagine an economy where you have one farmer and one mechanic, the farmer use go to the mechanic everyday to repare his machine and pays him 10$, and the mechanic buy 10$ of crops to the farmer. Now imagine that the farmer productivity increase resulting in better crops, but needing more repair, and the mechanic productivity increase too, repairing better than before. the same 10$ will be used for their daily exchange, and it is not the price of the chrrency that has increased but the price of repair and crops production that has decreased. No inflation and money printing was needed. Now hoarding and inequalities do occur like you said, but only when new people join the economy.

>>10192779
While your example is not wrong, it doesn't work on a setting as large as a national/global economy since not everyone increased productivity at the same rate as others. If the mechanic's productivity didn't grow to match the value increase the farmer saw, or if it grew faster than the farmer, then there would be problems. Another problem is if we introduce population increase- say both the mechanic and farmer had two kids to continue their trade.

>>10192801
Population increase is a problem in regard to currency value indeed this we agree on, this is the main reason behind the increase in bitcoin value, and so its ponzy like inequality effects, and inflation is needed in this case. But otherwise, if the farmer's productivity increase more than the mechanic, this would lead to problem indeed, but no problems that could be fixed with inflation. Anyway, you actually know your shit sorry for earlier. My phone as no battery left, it was an interesting discussion

>>10192828
I enjoyed the discussion as well, since you seem knowledgeable too. I'll have to do more reading on some of these topics since you raised valid questions I haven't really considered.

>>10188976
Seriously, do it. I'll vote for you

>>10192673
>>Inflation encourages spending
>This is yet to be proved..
said on a board mostly about hoarding as much crypto as possible as a path to wealth

>>10191381
Housing prices were artificially lowered for a long time so that the boomers could drop out of high school and still get houses and support kids, this is one of the reasons for the housing bubble popping, the price and real value of houses were not in sync.

>>10191455
Bullshit money printing has been used to keep our currency stable and "usury" has been the only way that people could buy houses and start businesses for a century.

>>10192572
PQ together is the money value of expenditures, when Q augments, the relative value of currency decreases.

Economic growth without inflation is not possible.

>>10187039
>Consider me woke. Why the fuck don't people care about the entire financial system of most large nations being a complete scam.
Reported to ADL, ACLU, SPLC, EU and DNC for brutal anti-Semitism and advocate for another Shoah. Consider yourself unemployable for life and probable in prison soon goy. Oh, and all your assets gone to a Jewish foundation for rising awareness of Holocaust, of course. Shalom schmuck!

>>10193181
this
the holocaust was the worst thing to ever happen, those poor 6 million jews being brutally murdered by the nazis was pure evil

>>10187187
They taught us about this in 8th, 9th, 11th, and 12th grade history as well as econ 103 and 104. In America but in good school district and decent college. Maybe if you left your corn farm you'd learn some kewl things.

>>10193359
Shalom! Yeah, and ONE word for the stupid goyim, or cattle as we use to call them in the Talmud, about how we found the number 6 million, the we will attack him on all fronts, from all jews in media, academia and politics, completely destroying the life of that person. That's just how we are, how we operate and it works damn well!! With our tribalism, nepotism and utterly subjective morality (good for Jews = good. Bad for Jews = bad. Not lying, stealing, deceiving etc is for stupid goyim (cattle)). He, he, he, he, he,

>>10188263
>gold
Wew, enjoy your rock

always short /x/

>>10193152
> when Q augments, the relative value of currency decreases
No, read again.When Q double, V HAS to double too, because more production means more velocity. Thus P stays the same, because the increase in Q is the same as the increase in V

>>10194003
This still doesn't disprove the positive relationship between GDP and currency value.

>>10194150
There is no relationship between GDP and currency value. There is no reason for it. Currency value depends on its demand. GDP can rise without affecting the demand for money. I don't know how to prove it to you sorry. This is actually incredible how low this subject is understood, and you will have a very hard time finding articles on the internet which discuss it correctly.

>>10194183
When demand increases faster then supply, there is inflation.
In an economy that is expanding, demand is always increasing.
Therefore when an economy expands, there is inflation.

QED.

>>10188976
>tfw a new Huey Long arises from /biz/

>>10187178
good shit

>>10191363
based anon. We'll make it someday, and mix feder ideas with blockchain tech for an uncorruptable, untamperable, efficient system

>>10191363
Is this fucking true?

>>10188976

> only specific items at grocery stores will be purchasable with PeliCoin

why? Isn't it your new money system? What if not on welfare?

>>10187039
The eu commission was asked to disclose how much euro is in circulatio . They are obliged to do so under the freedom of information act
The commission declined the request without any reasoning

>>10187187
I learned about it from the movie zeitgeist
Im so happy my dad taught me that governments are full of shit because people are full of shit
"Government is just the people around you"

>>10196098
Another thing I'm wondering is if interest owed on a loan doesn't exist in the money supply, how are loans ever paid off? Does this mean that for every time a loan is paid off with interest, someone else will go bankrupt?? This math doesn't add up. How is this sustainable? Where does interest money come from?

https://youtu.be/iFDe5kUUyT0

probably the best central banking/money creation video on YouTube I've found so far.

>>10196139
it doesnt exists, thats why its a neverending cycle of perpetual increasing debt for everyone but the money makers either directly or indirectly

>>10196158
Watched this in full. WOKE