/biz/ - Business & Finance

>>23218455
Don't question the narrative, you anti-Semite.

Please, delete this.

>>23218455

Because we as citizens taxes are not needed to fund anything. Our taxes only exist to give the USA value, the real driver of the economy and what is actually used for government spending is credit.

Think of it when you pay taxes, it's not your money going to roads or whatever. It's the government taking your money and going 'oh ain't that cute, he thinks he's contributing!' and then just burning the money because it doesn't matter.

>>23218750
*USD value, not 'USA value'.

>>23218750
>>23218773
Taxes are used to pay the federal reserve for lending you money

>>23218455
Why? Because they’re a cartel.
A cartel above the law.
https://m.youtube.com/watch?v=A9qNBPBAHiY

>>23219220

Not nearly enough tax money to pay for much. Peanuts. And almost all of that money goes from the Fed right to the US treasury also.

>>23218455
you left out fractional reserve lending. You know the part where the bank makes money by lending out your hard earned money. While paying you less than 2% interest. Fucking SCAM

>>23219587

Fractional reserve lending is when the bank does't lend out your money, you dip-shit. Banks create money out of this air in the form of credit, they don't lend out their actual money you deposit.

They push a button, and pow, money out of air for them and a debt for someone else.

We love banks. They let us buy shiny things like expensive phones, houses that you pay for over the course of 30 years, car payments that cost a third of your monthly income. Boats and jetskis, RVs and ATVs. You could literally not purchase any of these things before high interest rate loans existed. Say “Thank you, Sheckelberg!”

>>23219793

Nobody is stopping you from saving up money and paying for things upfront.

>>23218455
jews bro try to keep up

>>23219929
>Devalue savings
>Bid up all assets with cheap debt
>Indebted corporations get bailed out by governments, then buy up all the land, housing, bussinesses, resources...
Fuck off.

Annoying how people on /biz/ of all boards have no clue how banking, the economy, and finance works.

https://www.youtube.com/watch?v=hlqAM76qq6U

https://www.youtube.com/watch?v=PHe0bXAIuk0&t=1s

>>23220373

Buy economic assets then you dumb normalfag. Why are you even here?

>>23220412
>Just play the rigged game then normalfag
>Lmao why do you care if millions of people get ripped off
>Lol, who cares if they're getting rich off no merit or contribution to the markets
Kill yourself homo. I buy assets precisely because it's become so obvious to everyone. And millions of poorfags are going to be looking for blood from the banks before the next 3 decades are through.

>>23219929
yes they are when the bank can print money faster than I can save.

That means you saving will never make it to buy X appreciating asset

>>23220784

Yes and no. They will be protesting outside wall street and people yelling at politicians. But here is the thing, they will be demanding higher taxes on wealthy people and more financial regulation. But think, what would happen if they just scrapped the finantial institution wholesale, and no Joe and Jane sixpack want to buy a house and nobody will lend them any money? Your fooling yourself if you think they will go "I guess I'll just save up money", no, they will just rent and complain to the government to bring the debt system back. Because like how people feel entitled to the factory jobs that have existed for them for so long, they also feel entitled to loans if they want them.

So it's not the banks they will come after, because the idea of debt/credit systems is so ingrained that they will reject any notion of discarding it, it's higher taxes on upper class people and regulations they will demand. Think about it, would YOU be happy if the government one day said 'no more savings accounts because debt is bad, guys'?

>>23218455
We didn’t agree to it, and this also isn’t an argument for communism, it is an argument for reinstating the gold standard.

>>23218455
>collectively agree
we're not boomers