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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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50646803 No.50646803 [Reply] [Original]

to enrich the elites

>> No.50646834

it was invented to spare us the hassle of bartering

>> No.50646839
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50646839

>>50646803
SEETHE DILATE & COPE goyim

>> No.50646880

fiat money was created to open liquidity, if loans are dispersed for productive purposes then you get economic prosperity, this is what happens in the past
right now new money / credit creation is dispersed for asset purchase, this creates a bubble, when bubble bursts bank has negative balance sheet so they can't lend for productive purposes, this creates recession
the world moves in rhythm, breathe in breathe out, tide goes in tide goes out, expansion contraction, centralisation decentralisation
currently we're in massive colossal gargantuan centralisation phase before the economy implodes like a supernova and we start the decentralisation phase again, using one world cryptocurreny

>> No.50647153

>>50646803
Short answer yes and no. Money was a good idea initially but we let the wrong people get control of the supply

>> No.50647165
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50647165

>>50646803
Mfw OP is fucking gay.

>> No.50647171

>>50646803
Fiat money works just fine if it's not government controlled.

>> No.50647585

>>50647171
>if it's not government controlled
It's like asking for "real" communism desu.

>> No.50647605

>>50646803

Money wasn't invented.

>> No.50647675
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50647675

>>50647171
>centralized currency works if there's not centralized entity
This board is getting worse.

>> No.50647768

>>50646803
Debt based money was, when it was backed by gold it was just more convenient

>> No.50647776

>>50646803
yep, money isn't real.
our overlords effectively have unlimited money

>> No.50647921

>>50646834
this + insurance against crop/herd yield variance
just because money can do a thing doesn't mean it's all it is for

>> No.50647972

>>50646803
>tfw you realize nature was created to enslave people
>tfw the only thing enslaving you is a natural desire to keep living (i.e. not die)
money is just a relatively very recent technology people use in some places for short periods throughout history. it's a minor blip on the historical radar.

>> No.50647985

>>50646803
>to enrich the elites

Well I was born as a peasant and became rich

And peasants throw money at me

If you pay attention you realize these "slave" "people" literally dont deserve to be more than they are, otherwise they simply wont be

>> No.50648168

>>50646803
Pretty sure slaves were not paid anything, being slaves and all. Though money was used to buy slaves... soo...

>> No.50648179

Look up White Spiritual Boy Trust and SARB shareholder on Youtube.

No refunds.

>> No.50648185

>>50648179
>Look up
>on Youtube
The absolute state

>> No.50648188

>>50647768
"backed" money inevitably gets drained, causes liquidity crises, gets abandoned as a matter of necessity, etc

>> No.50648190

>>50646803
>tfw you realize money was invented to enslave people
average american

>> No.50648214

>>50647585
will cryptos still exist if we change capitalism to communism? would memecoins like shiba or zha0 still be taken seriously?

>> No.50648311
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50648311

>>50646803

>> No.50648325
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50648325