>there are brainlets that actually fell for this fake meme chart
>there are brainlets that based their whole crypto beliefs solely on the assumption that this chart is real
>crypto brainlets can't even understand a simple concept such as inflation
>most of crypto brainlets are complete economic illiterates
>crypto brainlets that can't even understand basic economic concepts think they will overturn the global economic system
How many Jow Forumslets fell for it?
Other urls found in this thread:
money.usnews.com
twitter.com
Given the odor of cope in your post, I'm gonna say you, for starters.
The only people that believe that crap are commies, goldbugs, Bernout supporers
not really, the "evil jews steal our monies with inflation" is a classic right wing narrative
dude I am not going to pay $10 for a big mac
>while dollar lost %95 of it's purchasing power average income tripled
So it just equates to mere %85 loss, not much
Guess the propaganda machine worked on you. See things as left vs right, choose a side.
Both sides tell their sheep to be against crypto.
Both sides are funded by bankers.
the income is adjusted with inflation you dumbass. Also, thats not even how percentages work
both left and right have the same brainlet conspiracists
left
>dude, its the evil bankers!
right
>dude, its the evil jewish bankers!
Thats funny, Ive only ever seen commies and ancap faggots false flag about the jews, maybe open your eyes?
Easily controlled and doesn't see the future. What a perfect mark.
What ? Nobody EVER said that someone living in 1913 was 20 times richer than 2013 ?? We can read charts fucking retard ?? OF course the fucking income has inflated retard
>yes, your currency has been massively depreciated
>BUT, real average incomes are up
smgdh
Isn't having a deflationary money supply and wanting to hodl to have it go up in value similar to usury? You aren't doing any work or investment to see your wealth grow, it's all other people's labor/risk.
Can you update the botttom chart to show what happens after 2008? because i bet we're back down to somewhere around 35k, and many other countries are higher than that
+ Wages are a lot harder to inflate than goods retard, so inflating the dollar make us JUSTED, because while the prices go up, the business owners can pretend nothing happen and not raise the wage until they get a fucking riot, no it fucking helps NO ONE to inflate the currency except the riches
brainlets put their money under the mattress and then expect them to grow in value magically without doing anything. The whole purpose of inflation is to make you invest your money instead of hoarding them
>average income
>not the median income
k
>See things as left vs right, choose a side.
>Both sides tell their sheep to be against crypto.
>Both sides are funded by bankers.
in the US? of course. because you have a "left" that would be considered "right" everywhere else in the world...
what the fuck do you think a bank does with your cash when you deposit it?
depositing money in a bank is a form of investment, you are basically buying a bank bond
whoever made that image is missing the point.
if you save fiat money under your mattress for 10 years it is losing value simply by inflation.
government likes inflation because it is basically a form of coin clipping
exactly, and only a dumbass would put his money under a mattress for 10 years. Inflation is a tax on brainlets that can't invest
You know that government can just print more money and give it to the poor if it wants to right?
Poor people do not suffer from inflation, anyone who holds paper assets does
Invest in... bitcoin?
OP really thinks he's smart. What a delusional retard.
The only thing the OP pic is showing is that people today earn 5 times the amount. Cool, but in the meantime prices have gone up 30x
Fucking brainlet
>does not know the different types of inflation and one called printing money which is the most inflation
Venezuela and other communist countries are examples. But if you think printing money for (((them))) does not exist, then you are really stupid. Of course they don't say "Ok need some money, thanks". It's way more indirect trought government jobs, government paying companies and similiar. You don't think inflation does not exist brainlet?
the more people use bitcoin as an investment the more volatile it becomes, the more volatile it becomes the more useless as a currency it becomes. Can you stop the vicious cycle?
>imagine being THIS dumb
the income is adjusted with inflation you dumbass, can you understand this concept brainlet? "adjusted for"?
No the point of inflation is so the government doesn’t have to pay down as much debt. Having a deflationary currency would allow people to save money, accumulate capital, and invest into long term projects.
Look at this article for brainlets like you:
money.usnews.com
1 lbs of stake would have cost you 24 cents. How much does that cost you today? Your raised average income couldn't keep up
>the income is adjusted with inflation
That's what they tell you. it's not adjusted. If income was actually adjusted, then 1 pound of steak would cost you the same % of your income as it did in 1915. It doesn't. That's the end of it.
OP is a fucking idiot. Wasting your time based on responses he’s already given.
If everyone tries to save money, economy crumbles
>If income was actually adjusted, then 1 pound of steak would cost you the same % of your income as it did in 1915. It doesn't.
so what are the numbers? can you provide them?
t.brainlet
why does it matter?
the point is, if your great grandpa put away some fiat money 100 years ago, and you received it today, it's only worth 5% of what it was worth in his time
if your great grampa put away bitcoins...
OP, you're making a fool of yourself. You can post all the dumb pictures you want. You can also keep trying to convince yourself that you're smart.
Your numbers are wrong. You probably made this thread because you're insecure and aren't able to figure this thing out on your own.
If you weren't such a balloon headed dumbass you would notice the following thing: Inflation is AT LEAST 2% a year (and it's actually higher). If you want the average income to keep up with that exponential growth, everyone would need to, on average, get an income raise of the same percentage. If you weren't a fucking NEET you'd know that 95% of people don't earn 2% more per year. And they don't get 20% more every 10 years (which is lower than compounded 2% a year).
AND BECAUSE OF THAT, YOUR BS IS NOT INFLATION ADJUSTED.
Inflation runs, people don't earn as much more to compensate that.
>calls my sources fake
>doesn't provide any proof
>doesn't provide any sources
not even gonna bother to read any more of your brainlet replies
if my grandpa put his money under the mattress for 100 years he would be a dumbass and deserve to lose his money. He only had to put them in the boomer stock market and they would worth more than 20x today
In 1913 you could buy 1.5 tons of Gold for 1 Million USD.
Today you can buy 50 pounds of Gold for 1 Million USD.
Explain away how inflation isn't killing the value of a dollar and unbacked currencies don't lead to this.
nobody cares about the price of a shiny rock. Inflation counts only staple products that people actually use
>Nobody cares about gold
Thanks for playing now nobody is going to listen to you.
>now nobody is going to listen to you
you mean no boomer is going to listen to me
Inflation is necessary for a currency if you want it to actually work. If it's deflationary, people will hoard their savings in it, and you will get boom bust speculation cycles. Better to have a little inflation in order to keep the value of the currency stable.
so many expert economists ITT...
you people are so fucking retarded.
the point is obvious: inflation is caused naturally by rising prices. it's not the govt that imposes inflation, it's the market. and this inflation causes money to lose ABSOLUTE value (in terms of monetary units) but not necessarily RELATIVE value. how much did it cost to have 1M dollar in 1913? how much does it cost today? how much can you buy today with a million dollars, relative to minimum, median and average wages, compared to 1913?
>What is the Gold reserve
>What countries have been buying large amounts of Gold
You got cornered too early and now you must try to use rhetoric. You might get lucky next thread and someone won't call you out so early about your obvious bullshit.
>What countries have been buying large amounts of Gold
shitholes like India and Russia?
Literally every country is buying Gold some more than others including China and Russia. You have an agenda I get it. But you are far too stupid to actually pull it off. Have them send someone smarter when they want to try this particular racket.
>its a consshpirracy!!
and now we return to the classic brainlet responses
>Bank guy give us more money when he print more money! No way money not worth anything!
You are actually meant to be prayed upon.
you are both right. commies and right wing socialist fall for that, but its all about socialist propaganda from engles and marx, same bull crap blaming the 3rd party for all your personal misery.
people who invested smarter 1920 are richer 50 years later, same goes for people now and the next big crisis + boom.
stupid people stay poor
>If income was actually adjusted, then 1 pound of steak would cost you the same % of your income as it did in 1915.
better yet, you could afford to live in the same size living space
I'm not saying there aren't other factors but I think the currency debasement is an often overlooked factor in house price inflation (relative to wages - i.e. IN REAL TERMS i.e. WE ARE POORER OP)
by the way, these figures are based on GROSS salary. So, in other words, the average cuck in London is handing over more than half of his take home pay in rent.
I definitely feel richer than previous generations, OP. Thank you central banks! Based inflation!
Nobody said high inflation is good dummy. Central banks in the west strive to have inflation around 2-4% as the optimal rate. Both high inflation and very low and negative inflation can be just as damaging
Do you really think paper money is a desirable system - especially given our short parliamentary terms? In the UK, it's 5 years, in the US it's 4. What politician could resist promising more govt. spending (funded by issuing debt), knowing they will never have to deal with the consequences because they can just kick the can down the road and pass the problem on to the next sucker? Not to mention the conflicts of interest with private banks being able to multiply these loans 10x via fractional reserve.
The theory behind paper money makes sense: govt can create new currency to stimulate the economy during slow times and then pay it back during boom times. In reality, it hasn't worked out like that. Boom and bust is more intense since the Federal Reserve Act and government debt to GDP just keeps getting bigger. The conspiracy theorists are right about hyperinflation, even if they are often wrong about timescales.
>Both high inflation and very low and negative inflation can be just as damaging
Yes, but gold, bitcoin etc. is inflationary. It might not be perfect but it's better than hyperinflation and is at least sustainable in the long run.
>the more people use bitcoin as an investment the more volatile it becomes
nobody is really this fucking stupid ...right?
in anticipation of your reply: yes, Bank of England and Federal Reserve are 'independent'. But it always makes sense for central banks to buy government debt because they can't go overdrawn. FED is privately owned and there are huge conflicts of interest with private banks to keep inflating the money supply because both the private and central banks can't lose from creating debt.
thats why most central banks in the west are private so the political sphere can't directly influence them
commodity money might be less prone for abuse but it will doom you to lower potential for growth
why don't you brainlet explain us how is that wrong then?
you just have to choose the lesser evil. Having no central bank effectively makes the government completely useless against a crisis, having direct government control of the central bank will lead to more bad spending and having private central bank will lead to more secrecy and conspiracies
or we could just have something independent: e.g. gold or bitcoin or maybe even a money supply linked to global GDP figures
>you just have to choose the lesser evil.
you're fucked either way. You either have political influence leading to unsustainable debt or you have private conflicts of interest skimming money off the top of society eventually leading to unsustainable debt.
>Having no central bank effectively makes the government completely useless against a crisis
government is completely useless against a crisis anyway. After 2008 we had QE1, QE2 and QE3. I forget the exact figure but the total amount borrowed since 2008 is well into the trillions - and we STILL have stagnant wages and slow growth
> inflation is caused naturally by rising prices. it's not the govt that imposes inflation, it's the market
holy jesus fucking christ ur fucking retarded
prices rise because the government prints new money. if the government didn't release hundreds of millions of dollars every day out of thin air, the prices wouldn't be rising constantly
>you just have to choose the lesser evil.
This is literally why decentralization is so important. It's not a choice between two bad options. There are no conflicts of interest - public or private.
We're basically in agreement: neither the public sector nor the private sector can be trusted to control the money supply, hence why smart people love gold and bitcoin
>why don't you brainlet explain us how is that wrong then?
One word. Liquidity
Now chap chap, brainlet. Back to your cagie.
well, do you know what the economic situation today would be if the government just let the banks start a domino of bankruptcies in 2008? you can say it would be better than today but a lot of people would disagree
Oh yes, OP, the rich did get even more rich. Not you though, you just got fucked
>if my grandpa put his money under the mattress for 100 years he would be a dumbass and deserve to lose his money. He only had to put them in the boomer stock market and they would worth more than 20x today
>if my grandpa put his money under the mattress for 100 years
So he put his gold and silver under the mattress since USD is not money but currency.
Now, how JUSTED would he be?
maybe it wouldn't be better today, just yet (tho it likely would)
but it'd 100% be better in a decade or two if those responsible for the financial crisis, taking risks with money they didn't own so they can get the bonuses if they succeed and get bailed out if not, were held responsible for their actions for once and ppl in their position would have any serious incentive to avoid it happening again
liquidity means nothing if its speculative
>you mean no boomer is going to listen to me
Are you accusing young people of being stupid to the point of being retard?
so yeah, short term it'd have obviously caused chaos, but long term it'd have lead to a FAR healthier economy
it's no accident bitcoin was born after that. it'll bring the financial revolution and nobody will be able to stop it.
might need a global burn first tho, like WW3, or a global govt, or whatever
after that, ppl will realize how valuable it is to have something the governemnt can't take away or erase
Liquidity means if shit hits the fan you'll be free to move out of the shits way. No liquidity means when shit hits the fan you're covered in shit
thats why there should be a differentiation between institutions and the people that run them, you can jail the people responsible and still save the institutions they ran
>thats why most central banks in the west are private so the political sphere can't directly influence them
Nah, the real reason is that thanks to this the bank basically owns the country because it owns it's money supply. A nation is sovereign only if it owns it's money. Currency is not money btw.
It's not speculative if people are using it, like what you were just assuming in the post i quoted. Are you dense?
exactly brainlet, nobody uses bitcoin to buy stuff, its 99% speculative. Compare this with forex that is only around 10% speculative, when you reach those numbers you might have a viable currency. You are stuck in a vicious cycle though, the more popular btc becomes the more people will speculate on it and the more they speculate they less usefull as a currency it will be. Bitcoin was actually accepted in stores in far more places before it mooned and went mainstream
You do know gold is used in electronics and high-end lab tech right?
which makes its use as a currency even worse because industrial demand will negatively affect money supply and vice versa
You are absolutely retarded and deliberatey make it look like everyone can be a winner in this game.
The government doesn't care if 1 person beats inflation because for every winner there is a loser (usually multiple losers per winner since it's the rich that can hege against inflation more successfully than the middle class and the poor), since someone has to be holding FIAT at any given moment in time, even if it's the bank in form of saving accounts, they give you fuck all 1% interest while inflation is closer to 6% lol
Tell me more how this is a healthy and fair system you FIAT maximalist. That's like choosing a group separating them on manlets and lankets and forcing to play basketball saying that "rules are the same for everyone, stop complaining"
>muh investment
>muh boosting the economy
nothing more than a global forced pnd scheme in which the middle class and the poor are getting parted with their hard earned shekels.
>21 posts by op
imagine SEETHING this fucking hard
>exactly brainlet, nobody uses bitcoin to buy stuff, its 99% speculative
You could apply this to stock market as well. Does it get more volatile the more people buy stocks?
he's a retard who probably rage sold or rage shorted crypto and tries to desperately convince himself he did the right thing coming up with the most stupid arguments ever seen
now you are just saying fake numbers. inflation is less than 3% and government bonds can be more than 3%+
spotted the brainlet
>inflation is less than 3%
did you read it in Good Goy Journal?
>and government bonds can be more than 3%+
yea 3% after taxes? show me a source
cope
how are you coping with your 98% lose of value kiddo? must feel hard
did you even read what I said? stocks aren't used for currency so their volatility doesn't isn't as harmful
>the data that I don't like are fake!
why should I show a source if you are just gonna call that fake too?
>how are you coping with your 98% lose of value kiddo? must feel hard
I've never been in the red and cashed out my initial months ago, nothing you say can phase me
COPE
3%+ bonds after taxes?
I'm sorry to remind you it's 2018 not 1960 or whatever timeline you ive in
>holy jesus fucking christ ur fucking retarded
yeah, I'm sure supply and demand are controlled by the gubmint-owned prices, and that, once the price of a given product rises, producers totally have motivation to go back to original prices...
>prices rise because the government prints new money. if the government didn't release hundreds of millions of dollars every day out of thin air, the prices wouldn't be rising constantly
is this the economic theory americans are taught? or did you learn this stuff from reading forum posts in internet?
>I cashed out months ago
so you don't actually believe in btc and just jumped ship for quick profit from the pnd? so you aren't any different from me? good to know we agree buddy!
>gubmint-owned prices
*gubmint-owned printers
it's not the prices rising that are the problem, it's the value of the currency being deliberately lowered by printing more. People aren't allowed to save money long term nowadays, if you are a young person and want to buy a house you have to either take a loan for 30 years or rent forever, because the government makes sure your money will be worthless in 30 years
no Mr 3%+bond retard, me cashing out profits from useless shitcoins run on eth have nothing to do with my belief in bitcoin, which still has nothing to do with btc cycles that have happened in the past many times
so you still believe in btc mr brainlet? btc lost more of its value in a single year than dollar has in 100 years and still nobody uses it as a currency
btc has gained more value in a single decade than government bonds have in five decades
because your little brain cannot comprehend something like a new currency emerging, most people buying it don't understand it either that's why we have those cycles, but which each one there is more and more of those who understand it left, more people who actually see value in a fixed supply, non seizable, decentralized, immutable store of value/currency
if your attention span doesn't reach out any farther than 1 year then keep holding onto your FIAT bags I guess, enjoy the inflation, mr noseberg prints more for your own good, continue your (((contribution to the economy))) goyim
people win a lot of money in casinos too, that doesn't make casinos a good investment
>it's not the prices rising that are the problem
from my dictionary:
>inflation
>in·fla·tion
>W2S2 /In5fleIFEn/ n [U]
>a continuing increase in prices, or the rate at which prices increase
you are absolutely fucking retarded if you don't think rise in prices over time is a big factor of inflation on itself.
>it's the value of the currency being deliberately lowered by printing more
again, inflation on itself is nothing, you have to look at real income over time if you want to judge the economic status of a nation.
I do wonder, how are your math and analysis skills? do you even know basic stuff like the difference between mean, median and average? do you know how to calculate percentages? how about the concept of proportionality?
OP seriously you are getting rekt in every dimension in this thread please just concede defeat
>again, inflation on itself is nothing, you have to look at real income over time if you want to judge the economic status of a nation.
you are retarded, even if income keeps up with inflation it doesn't change the fact that the money earned a few years ago keeps getting devalued deliberately by the government. You are too retarded and too much of a good goy to even see the whole point of inflation.
>holding fiat
who said I am holding fiat? did you even read any post I wrote here? I said only dumb people hold their money in fiat. Fiat are currency, you use them to buy stuff, you only have as much fiat as the stuff you will buy daily. The rest are invested in actual assets. Thats the whole problem with btc, nobody uses them to buy stuff, which makes it useless as a currency
yeah rekt! if only you were smart enough too to make your own arguments too right kiddo?
LMAO. This guy doesn't even know the definition of inflation ,yet he is shitposting for an hour about his opinions and conspiracies on inflation. Classic brainletino
>the whole point of inflation
"inflation" doesn't have a point, retard. it's a concept that indicates that prices of things, and absolute cost of living, has become more expensive.
but you clearly fail to take into account something... and since you are a smart guy that, hopefully, has worked at least some months in his life, I'll ask you to tell me what this other fact about inflation and the economy in general has not been mentioned in this thread.
>invested in actual assets
There are no actual assets. Property? Fire/flood/war aaaand it's gone. Stock? Global market crash aaaaand it loses 30-50% value. Gold/silver? Guy in a lab finds a cost efficient way to produce it aaaaand it's worthless. Nice "actual assets" faggot.
>nothing is 100% certain
congratz buddy, you just discovered the concept of life, you can trip on your stairs on your way home and die tomorrow so your life is worthless