Stocks, Fiat and Crypto should all be banned

[Anonymous No.30235812]

Change my mind:
>There is no benefit to the average citizen in stocks and fiat being legal
>Not ending all banking is a net negative financially for the citizens of any country
>Usury should become a capital offence

[Anonymous No.30235900]

alot of things should be banned pal

[Anonymous No.30236245]

>>30235900
A lot of things should be banned, but nothing as serious as our monetary and financial systems. The benefit of our economic system is the ability to freely utilize the stored value produced by our labour. When labour can be easily devalued, capitalism can not produce value.

[Anonymous No.30236465]

>>30235812
Anti-semitism is not tolerated here, anon

[Anonymous No.30236493]

>>30235812
>ban money in general
Enough, Ivan, it didn't work the last 100 times it was tried, it wont work now

[Anonymous No.30236655]

>>30236465
kek zog-pilled bait.

[Anonymous No.30236746]

>>30235812
You can't ban crypto, m8.
That's the whole point of crypto.

[Anonymous No.30236784]

>There is no benefit to the average citizen in stocks and fiat being legal
Poor bluecollar types can make gains to help their families, this is the glory of capitalism
>end all banking
Get a fucking grip teenage commie faggot. Next we'll all just save the whales and end all pollution and distrust and conflict right.
>Usury should become a capital offence
Noble but too immaterial to define

You are gay. Gay gay gay. Capitalism is good. It makes poor stupid people people and poor intelligent people rich, and rich people richer, which they should be, because the provide all the housing and jobs for the stupid poor people.

[Anonymous No.30236813]

>>30236245
How can international commerce without stocks?

[Anonymous No.30236842]

>>30236784
I'm drunk fuck you and fuck communism

[Anonymous No.30236866]

>>30236746
Dumbass.

[Anonymous No.30236884]

>>30236784
>Capitalism is good. It makes poor stupid people people and poor intelligent people rich, and rich people richer, which they should be, because the provide all the housing and jobs for the stupid poor people.
Did someone say feudalism?

[Anonymous No.30236885]

>>30236493
You don't need to ban money. Simply ban usury. Money as a concept of value exchange can be retained. So can free use of capital as investment.

[Anonymous No.30236933]

>>30236884
Do you think it ever went away

[Anonymous No.30236944]

>>30236746
Ow sweet winter child.

This whole market is on a tether scam, normie fomo and some boomer institutions stepping in. They can kill crypto by just banning fiat onboarding. Yes you will still have a working network with a few anarchist and criminals using it but all the developments will stop when there is no legal money to be made.

[Anonymous No.30236958]

OP I have great interest in banning you from your life but I'm going to let you off with a warning. Don't male this thread again. Yes this is a threat.

[Anonymous No.30237048]

>>30236885
>Simply ban usury.
Ask the Medici how that worked out.
Does everyone think that they are the only person capable of ideas? That their thoughts are cutting-edge and no-one else has thought of them before?
Please read a little history.

[Anonymous No.30237145]

>>30235812
Go ahead and ban debt retard. Don't expect the rest of the world to follow, you will be left behind as you will be the slowest economy on the planet

[Anonymous No.30237263]

>government
opinion discarded

[Anonymous No.30237419]

>>30236933
It got a spanking when the economy shifted from agriculture to consumer products and industry and banks gained power. Many nobles were dispossessed due to the decline of agriculture and only those who could adapt other means stayed rich.

[Anonymous No.30237420]

>>30236944
>They can kill crypto by just banning fiat onboarding
No they can't, you can't ban P2P transactions. Much like piracy you can declare that it's illegal but there's nothing you can actually do to stop it

[Anonymous No.30237427]

>>30236784
>Capitalism is good
Perfect, lets have it then.
>Poor bluecollar types can make gains to help their families
what is inflation
>Get a fucking grip teenage commie faggot. Next we'll all just save the whales and end all pollution and distrust and conflict right.
Central banking and investment banking are not capitalism. They are pretty much Lenninism with the party being comprised of wealthy banking families.
>too immaterial to define
Lending money at an interest rate is pretty well defined. Reserve percentage is simple interest lending without having principal.

The whole lending system is a ponzi scheme feeding on generations. GDP growth being evaluated at its dollar value is just a joke. Manhours to total consumption can easily show gain in productivity.

[Anonymous No.30237509]

>>30236958
>Don't male this thread again
sure thing

[Anonymous No.30237563]

>>30237048
>Please read a little history.
ironic

[Anonymous No.30237587]

MORE LAWS, MORE REGULATIONS, MORE GOVERNMENT

[Anonymous No.30237710]

>>30237263
Some form of social agreement is the definition of government. Nothing can be banned without an entity enforcing the ban, being it with distributive power or exclusive power. Even simply agreeing to not do an action relies on the assumption that the other party is willing to follow through with the agreement or is punished in breach of it.

[Anonymous No.30237711]

>>30237427
>Lending money at an interest rate is pretty well defined
So you want to ban lending? How are you going to compete with the world? The world will always be faster than you because being able to borrow money lets your business expand faster. You won't be able to compete

[Anonymous No.30237834]

>>30237145
You can still have debt without usury. Zero interest state loans exist even today and are enforced and regulated by the same bankruptcy laws that usury is.

[Anonymous No.30237955]

>>30237420
Implementing a centralised crypto currency as state or world legal tender will do the trick. All transactions can be investigated.

[Anonymous No.30237986]

>>30237834
>Zero interest state loans
Why would I give you my money at zero interest? What's in it for me? This can only be propped up by taxes, there's no reason for me to give you my money when I get nothing out of it. This isn't capitalism.

[Anonymous No.30238109]

>>30237955
>All transactions can be investigated
Good luck doing that. Some guy sends me 500 bucks, you're going to send people knocking on my door asking me where that money came from? No you're not, an economy can't function like that. I'll pay taxes on those 500 bucks and that'll be that

[Anonymous No.30238114]

>>30237587
The sheere mass of regulations built around usury and fiat can not compare with even the most abusively extensive regulations banning usury. Enforcing this would also require much less expense.

[Anonymous No.30238154]

You’re missing the real problem, which is derivatives.

[Anonymous No.30238188]

>>30237711
I don't see how you read
>"Lending money at an interest rate "
and thought it meant
>"Lending money"

[Anonymous No.30238225]

>>30238188
Why would I lend you my money if you give me nothing in return? How the fuck is this supposed to work?

[Anonymous No.30238497]

>>30235812
>everything I don’t like should be banned
Go back to /pol/

[Anonymous No.30238528]

>>30237986
You get the benefit of the activity that your money is going to be used towards. You invest the money, and your benefit is what you invested in being accomplished. Your risk is that there is no benefit or your money is lost, your gain is the value produced by the investment that you have access to once the project is complete. You regain the value of your loan, and have access to a new development that you were interested in. Lending is employment without labour protection regulations.

[Anonymous No.30238625]

>>30237986
>why would i give you money at zero interest
ask europe why they have negative interest rate loans for us, newfag

[Anonymous No.30238654]

>>30238497
What should be banned if not things people don't like ? You simply think of yourself lesser, not deserving of an opinion.

[Anonymous No.30238953]

>>30238109
Small value transactions don't make a crypto market, but are investigated even today. Cash and physical goods can be secretly exchanged, but digital currency will leave a trace. If your account gets flagged in association with a known source of illegal crypto, you can be punished, if regulation permits, and your transaction can be reversed and confiscated. You simply do not comprehend what type of control an enforce centralized digital currency can provide.

[Anonymous No.30239020]

>>30238654
I said go back to /pol/ you fucking freak. /biz/ has always been libertarian. Fucking neck yourself, nigger.

[Anonymous No.30239075]

>>30235812
Stocks allow companies to raise capital which enables the expansion of the economy and the increasing of the standard of living, you fucking nigger. Now go back to nofap.

[Anonymous No.30239144]

>>30238225
If you needed a good, that can be produced with the capital you have access to, yet you do not have the time or desire to personally oversee the project or hire employees, you find a project that is seeking financing and will produce said good for you. You will still purchase the good, but now you have access to it, while before you did not.

[Anonymous No.30239283]

>>30239020
Don't get mad. Agreeing to a libertarian ideal, in itself, represents a form of governance.

[Anonymous No.30239370]

>>30239283
Yes, a government is essentially a system of courts guaranteeing peoples’ rights. Not just banning shit Willy nilly.

[Anonymous No.30239608]

>>30239075
Allowing companies to raise capital would mean that stocks are microloans and not what we have now. In our current system, stocks are products sold by companies and traded on the market. They do not retain any value.

[Anonymous No.30239811]

>>30239370
Guaranteeing that the legal tender can only be created through labour, and that a loan will be granted in its full reserve, is protecting the rights of peoples utilising the tender to not lose the value of their money on the whim of a company or a central bank.

[Anonymous No.30239841]

>>30239608
You just rediscovered bonds, congratulations.

[Anonymous No.30240022]

>>30239841
coupon rates are usury

[Anonymous No.30240219]

>>30240022
1. Giving a loan at interest is bad
2. Buying a stake in the company is bad
So what's good, according to you? Running through wheat fields all day? We ain't gonna have any wheat fields because, in the absence of capital, the whole turns into Zimbabwe.

[Anonymous No.30240349]

I agree completely but dont think it should be banned it should just only be allowed by certain people in either a financial job that equips them with knowledge needed or people who got certification another way but yeah normies ruined this shit

[Anonymous No.30240423]

>>30240349
t.

[Anonymous No.30241259]

>>30240349
This is just a bit of culture shock. Normies got a bit hyped over a whole unseen dimension of their lives, it's like discovering a new food.
I think we need less regulation, less taxing, more financial independence and better financial education.
The ability of the people to manage their finances is key to keeping a nation functioning while also being self-regulating to a certain extent.
Even if cryptocurrencies themselves don't replace the endlessly wasteful bureaucracy of the financial world, the technology will be used with whatever currency is available, whether it's gold or something else.
NO-ONE escapes automation, not even teams of bankers, financial advisors and lawyers who get paid by the hour to fly first class around the world to draw up contracts and negotiate deals that can all be done for free in seconds.