/biz/ - Business & Finance

>>58353499
Watch a movie called "the money masters"

>>58353499
If he's shredded I haven't got a cell of fat on me

>>58353499
I mean he looks good for 62 but "shredded"?

They really been dick sucking this guy well over a decade.

>>58353499
like what part of the financial system? investing? probably still intelligent investor despite how dated the actual methodology is in the digital age

>>58353499
'Confessions of an Economic Hitman'

>>58353658
I know almost nothing about what banks do and how they work, their relationship with the fed, with each other, how foreign exchange market works, etc. I included the part in the OP about pozzed info because I watched a YouTube video by ABC about the causes of inflation and they said pretty much everything except increases in the money supply.

>>58353760
Look up the history of central banking

>>58353499
Go on /pmg/ and eventually some schizo will have a moment of clarity and explain it to you.

>>58353527
Fpbp, it's free on jewtube

>>58353499
He has the biggest tits in his family.

>>58353499
There's nothing to understand, is just a scam

>>58353499
today i found out im absolutely shredded

>>58353620
It's never gonna stop. I still don't really understand why they do it. Obama was a pretty milquetoast black guy president. He did nothing really remarkable.

>>58353499
>Shredded
LMAO how fucking desperate are these kikes

>>58353499
"Price of time" by Chancellor is pretty good. I enjoyed the Bernanke book as well, although obviously you can't believe a word the man says that you can't verify.

Why do peckerwoods ride this niggas meat

>>58354913
Because he runs the talibani cabal in connection to all the adrenachrome and child trafficking along with arms sales and illegal organ transfers. He has the jews blessing. In doing so, they inflate him in media to be the greatest thing since sliced bread

>>58354997
>the Bernanke book
Bernanke explains somewhere that they referred to "quantitative easing" internally as LSAPs or Large Scale Assets Purchases. They basically bought treasury to further bring down yields after interest rates were zero. Pretty funny. I can imagine LSAP being used to save the treasury as well, since the revenue from the interest of these FED-held treasuries goes back to the treasury. They will have to invent a good sounding reason for it though. Probably liquidity injections or something.

>>58353620
Must be a long one.

>>58353499
Looks like he's been taking some of big mikes medicine.

>>58355146
His husband's is longer

Keynes’ “General Theory of Employment, Interest and Money”

For Macroeconomic theory, i read Mankiw & Scarth for school

For finance, you dont need much desu. If you understand why companies issue shares and bonds (equity and debt) and the basic principles of these instruments, you’re fine. No arbitrage principle puts everything into motion. Everything is based on the risk-free rate which is the rate of return that governments guarantee on t-bills. private companies inherently have greater risk than governments so they have to provide a greater return. Asset prices either follow the market or are inverse to the market to some degree (this is called beta) which allows you to model asset prices with sufficient data. Risk management is the goal so hedging is a big focus. From there, there are derivatives on underlying assets (aka “options”) which allow for greater hedging. All of this can be read on Wikipedia, my degree is pointless, but this is the foundation for all financial markets.

Unironically, Das Kapital. Dont read the communist manifesto and take what uou read with a huge grain of salt but once you have a foundation with economics and finance, there is some very valid analysis. On that note, Kayek’s “Road to Serfdom” is also relevant.

>>58353760
Just following up. Read about reserve rates and money multipliers if you want to understand how banks work. The macroecon textbook i recommended does briefly cover it i believe. Foreign exchange and inflation is a huge focus of the textbook.

>>58355310
>Hayek’s “Road to Serfdom” is also relevant.
ftfy and I concur, although more from a societal than economical pov.

mein kampf
idiots

>>58355333
Thanks friend. Incidentally I did just read a little about reserve banking and how banks "create" money. While I'm not terrible at math it also isn't my strong suit and I found it difficult to conceptualize, do u feel comfortable answering how important strong natural talent in math is for the serious study of econ?

>>58355357
Oops lol, ty anon
You’re right though its more philosophical/sociological than purely economic, i probably should have stated my implicit assumption so OP understands why its worth the read
>understanding the economy and financial systems wont tell you how things should be, only how we can achieve it
>its important to be able to talk about capital’s intersection with society, otherwise you risk turning economics into a dismal science
>economics and finance are a tool. we are tool-users for sure, but we are also social and moral creatures with non-economic concerns that have to be taken into consideration to have meaningful discourse about economy and policy

>>58354913
it's a matter of propaganda working so good (back with the HOPE campaign) that tabloids know there is still a normie base interested in him to sell "news" to

>>58355310
>Keynes
>Marx
so this is the shit they are teaching econ students these days
can't say im surprised

don't listen to this guy anon read milton friedman and adam smith instead

>>58355006
they want to be in the club

https://odysee.com/@Realfake_Newsource:9/RFNS-3.21-002-029:d

>>58355441
Hey anon, i understand what you mean. The “money creation” is super unintuitive desu. I was very strong in math in school which led me to business, but if you are more practically minded, you can still study econ and pick up the math necessities as you go. In the beginning its a lot of just shifting curves in your model. To touch on money multiplication and that practical mindedness, lets think about the process in action. Lets assume a reserve rate of 10%. One person deposits $100, the bank must hold onto $10 but can lend out $90. When they lend that $90 to other individuals, they deposit that money into their bank account and the bank is allowed to lend out $81 of those $90 but must hold into $9. Those $81 lended are then deposited again and this continues ad infinitum. Now already the sum of everyones deposits is $271(100+90+81) but its still just $100 once all lending is resolved/repaid. A low reserve rate allows money to move around more so projects can be funded through debt. Im simplifying it for sure but i hope this does clear things up a bit. If you have the motivation you can learn and get far!

lmao gyno

>>58355546
Dude keynesian theory is very standard and has been for a while. They dont teach marx but its good to expand your horizons and engage with texts you may disagree with

>>58353499
he has better boobs than his "wife", did they swap there medication on accident

>>58355546
Fuck i shouldve replied to this. Obviously smith is important but most of his insights are very common knowledge now. Wealth of nations is way more in depth than is necessary for the 21st century when people already believe in market forces

>>58355441
unironically chatGPT. ask your questions.

Central Banking 101 book is a good overview, but a little advanced if you don't know much at all.

>>58356038
This too. Chatgpt is a great resource to just ask ideas and she’ll do her best to understand and give you direction for further research

>>58353499
>A buddy of mine saw President Obama take his shirt off. He said that President Obama had an 8-pack, that President Obama was shredded.

>I want to understand the financial system
>But I don't want to take college classes on it
>And I want a dose of conspiracy theory and rightwing propaganda embedded in the explanation

Do you think that maybe there's a problem with the way in which you seek out information?

>>58356195
Nah OP is chill. He’s skeptical of the system which is fair but he’s reading about concepts. Also we dont know his financial situation so university may not be an option rn

>>58356038
what questions do i need to ask chatgpt to get it to tell me how to live rich while not spending any of my actual money like that robert kawasaki guy.