Fiat currency is not capital
All currency is borrowed at interest, so economic collapse is a mathematical certainty.
Also, central banking is a main plank of the communist manifesto
Fiat currency is not capital
All currency is borrowed at interest, so economic collapse is a mathematical certainty.
Also, central banking is a main plank of the communist manifesto
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>debt x3 last 20 years
>debt x17 last 50 years
>not bankrupt yet
>All currency is borrowed into existence at interest
What is monetary base ?
Its currency that was borrowed into existence at interest.
Its not backing
Its not "money" by definition
You have no knowldege. Bye
You have no argument. You asked a rhetorical question and offered no explanation or insight.
This is 100% the problem with pol
>ITT: People who don't understand QE, fiat currency, money supply, and liquidity
I guess private banking and private banking money issuances weren’t a problem when the US experimented free banking.
Newspapers had to post absurd discount tables for the day for every single banknote with their respective exchange rates and bankruptcies were frequent.
Make an argument or statement that means something
>bankruptcies were frequent.
bankruptcies is currency perhaps, but people kept gold and silver. This is MONEY. You cannot go bankrupt if you hold MONEY
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"We need immigration because of our aging population" is a ponzi scheme and collapse is a certainty.
Fiat money is the most liquid asset that can be instantly converted into capital goods and other assets.
It is a form of capital.
>All currency is borrowed at interest, so economic collapse is a mathematical certainty.
How so? Please explain your reasoning.
And how the hell do you plan to regulate money supply and infuse money into the economy without the central bank?
>the most liquid asset
Its debt. Its national debt. Monetized national debt.
>How so?
The bank rate
>regulate money supply and infuse money
You're using the word "money" wrong
Would you be happier if the US states the truth that it will be impossible to compete with China or India in long term without around the same population?
DOW will drop 700 points today setting us up for a major fall on friday. Enjoy
Its about generating excuses to print currency. More of a useless population that needs caring for is a stimulus package
Im looking forward to it
Irrelevant banking nonsense as it's no different than the money created by commercial banks. Kanker domme kanker kanker belg.
Bump
Anyone have the 9 part redpill about geopolitics and USA/China manipulating their respective economies and sabotaging each others' in an attempt to become/remain hegemon?
It essentially argued that they are artificially propping up the markets with the Plunge Protection Team and constraining 1st and 2nd amendment so that the USA can continue to compete on a level-footing on the world stage without concern for citizen rights and sound markets.
National debt is just the debt of the federal government. It has almost nothing to do with money supply per se.
>The bank rate
OK. I imagine that you think that every bank always pays back its debt to the central bank, right?
And if you think so, you are incredibly wrong. Banks fail regularly and when they fail and go bankrupt, their debt to the central bank kinda becomes meaningless, but the money those banks got from the central bank are still in the economy. The bank rate is there to slowly remove that money through other banks when those money become excess and cause inflation. The whole inflation targeting policy is about removing excess money through bank rates.
The Hidden Secrets Of Money
Part1:
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Part2:
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Part3:
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Part4:
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Part5:
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Part6:
youtube.com
Part7:
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Part8:
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Part 9 and 10 are coming soon
gebaseerd
Yeah, those were awesome polices for 350 BCE.
Modern economy is as different from those polices as a car is different from a horse.
>National debt is just the debt of the federal government. It has almost nothing to do with money supply
Yes it does - every banknote and every unit of currency was borowed and added onto the national debt.
>OK. I imagine that you think that every bank always pays back its debt to the central bank, right?
No. It doesnt have to. It just has to keep borrowng more.
Reality is still reality and it will be until the end of time.
The only things that qualify as "money" is gold and silver bullion
More people need more currency to maintain standard of living, that's obvious.
Population is not useless. Population is your pool of customers, producers, and entrepreneurs.
Sorry for the foul language I just hate people who defend the banking scam.
Yeah - a higher population is an excuse to expand the currency supply. But more debt based fiat currency isnt "wealth"
Then why not promote strong families and meme large families? Why feel the need to steal the countries birthright from the natives? That their ancestors worked long and hard for. Literally lifetimes of toil given up in a generation. It's not like a people reared in their home country with a strong community would be far more productive than the rootless horde.
It's not clear that it's even true that more population is always better, but even given your assumptions, the current policy is insane.
Modern Monetary Theory
>every banknote and every unit of currency was borowed and added onto the national debt.
That's just objectively wrong. National debt is the government debt. It has nothing to do with banknotes and units of currency.
National debt is money borrowed by the government. It does not include money borrowed by commercial banks.
>It doesnt have to. It just has to keep borrowng more.
And yet that happens regularly:
en.wikipedia.org
we know
the old economic system has to fall before the new could be implemented.
the future currency will be backed by gold nesara/gesara
and no, no cryptojew bullshit
nice thread, i hate that nobody is talking about this anymore since 2013 and ron paul.
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Trust in the dollar, trust in the government, trust in gold. All are the same thing!
Fight me!
Our reality includes tremendous virtual sectors in the digital economy, financial markets, etc.
They won't work with your golden bullions. It will be impossible to create something like the internet based on such limited supply.
>being this worthless to the thread
>criticizing others in the thread
Money is not wealth anyway. Money is just an intermediary in the wealth exchange. If that intermediary could be virtual instead of bound to some limited commodity that's all the better.
Wealth is what you buy and are able to buy with said money.
>That's just objectively wrong.
Yes - to add a £10 note in circulation (for eg) the nation will go into debt by £10
>And yet that happens regularly
Right - banks that matter get bailed out. $700Bn in 2008 and ongoing QEs since then
>tremendous virtual sectors in the digital economy, financial markets
These are all fake. They are all promises to pay rather than payment
You're using the word "money" incorrectly. You are referring to currency
Can you explain to me what you mean by money supply? Why is it apparently necessary that Mr. Rothschild gets to take 3 percent of every country every year so that such a thing as the internet can be created? What critical task in its development does he provide?
>Bank bailouts
>Corporate subsidies
>Welfare
>Social housing
>Interventionism
>Stock buybacks
>Fiat currency
>Central banking
>Too big to fail
>World Bank
>International Monetary Fund
arent "capitalism". If capital can be created at will its not capital. All those things listed affect the purchasing power of ALL the currency in circulation - it affects the collective.
this is communism - global communism.
Nice image, but if you actually read the manifesto it call for the abolishment of currencies and banks, not a central bank.
currency = current
bank = shore
So why isnt "abolish currency" a main plank while "a central bank" is?
Strong and large families are kinda useless in the current economy. Strong and large families were source of wealth in the agricultural societies. The more kids you have, more land you could develop.
That doesn't work in nowadays economy which creates wealth based on ingenuity.
Large family just drain time and brain resources from economic productivity.
Those countries are poorly managed anyway. They can't use the brainpower of citizens due to bad governance. Almost no one immigrates to the US from countries like modern Europe, Canada, Japan, Australia, etc. Why is that? Because those countries are able to use the brainpower of citizens properly.
The current policy of the US is not that insane if the US wants to compete with China and India in the future. It'll be impossible to compete without having almost equal manpower and almost equal pool of citizens.
>Strong and large families are kinda useless in the current economy.
People are the best asset a nation can have.
>Those countries are poorly managed anyway.
The west is in control of their central banks, so we can legally steal their resources through "trade".
You are GLOWING
Everyone is missing the point. The problem is that the creation of new money is controlled by credit underwriters in private commercial banks creating demand deposits when the banks U/W policy allows for it. The policy is written by kikes with laissez-faire regulation from other kikes. So you are all fucked
>Yes - to add a £10 note in circulation (for eg) the nation will go into debt by £10
Nope. That's not what national debt is. National debt has only one proper definition.
>Right - banks that matter get bailed out. $700Bn in 2008 and ongoing QEs since then
And? QEs and bailouts are for all practical purposes money printing through financial assets. People just kinda hate to call it money printing because the public is dumb and thinks that money printing always creates inflation, when that's not true in the deleveraging.
That's your money supply that is used to deleverage the economy and nullify those bank rates.
When that excess supply will start to create problems the interest rates will be hiked up to start to remove the excess money from the economy.
They are not fake at all for people who are customers, employees, and entrepreneurs in those sectors.
What is money and the ultimate purpose of money by your definition? Isn't it exchange of tangible and virtual goods between people?
Yes - If all national debt was "paid off" there would be no currency in circulation
>And?
It destroys the purchasing power. It dilutes the value so everything becomes more expensive - property AND labor, so we get into a situation where a generation will not be able to buy homes. There will be no possible demographic that can but a home. We are there now.
>They are not fake at all
They are promises to pay when redeemed. They are not payment
The definition of money is well established. In this thread and elsewhere. Read the thread or know what you are talking about before talking
This is basically Keynesianism. We have this already
Money supply is just all the money that are in the economy. M2 in the economic terms.
Your Rothschild conspiracy is awesome, but that's just not how the whole economy works.
So what did that family do to have so much wealth?
Arent their operations well documented?
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>mfw investing in physical gold, guns and ammo, and years worth of food and water.
I even dug a well, got solar panels and a small wind-generator. All I need now is a happening.
What happens when there are fixed value contracts that span multiples of years and the value of gold (or whatever you want to use) deflates? How will the economy react to the new higher value of money while still being contracted to a higher value? Genuine question m8
lol
gold and silver are just stuff. they are only money if there is some agreed excghange rate for the stuff. since it is actually pretty useless stuff - you can't eat it, it is no goof for making weapons or tools (ok, nowdays it is useful for electronics parts, but previously) it is only vlauable because it does not rust adn it is pretty and shiney.
an economic standard based on any arbitrary short supply non perishable would do. but it al relies on a social contract/shared understanding that it is exchangeable for other stuff at a given rate. it isn't money. MONEY is a fiction, it is the agreement to trade for non useful stuff, like bits of paper or lumps of useless metal.
you could be surrounded by tons of gold on a desert island and not be rich.
I don't know about other companies, but my company has a clause in our contracts which takes this into account. E.g. it is fixed to an effective value, and not just a fixed number. The contract is automatically cancelled if there is no legal tender in place to pay for the service.
>the value of gold (or whatever you want to use) deflates
this isn't the gold deflating in value - its the currency that's changing. The gold will remain the same weight it always was.
Idk, what happens in the same situation when the currency inflates drastically, as it has done over the past century?
>Fiat currency is not capitalAll currency is borrowed at interest, so economic collapse is a mathematical certainty.
Well duh.
>People are the best asset a nation can have.
That's right. But that doesn't mean people with large families are the best asset.
>The west is in control of their central banks, so we can legally steal their resources through "trade".
And yet the West could not easily change how those countries are governed. Look at the Middle East, or Russia, or Latin America, or Africa for example. What the West could do to change how Russia is governed if Putin steals from his people, enriches his cronies, uses police state to limit and destroy opportunities, employs bad economic polices, etc?
Would it be better to sanction them and not buy or sell anything at all from or to countries which are badly governed? Iran and North Korea demonstrates that doesn't work at all.
Would it be better to engage and develop them proactively no matter how bad their government is? China demonstrates the ultimate failure of that policy.
Military action doesn't work too as demonstrated in multiple middle eastern countries.
What do you actually and realistically propose to make the live in the countries which are badly governed better so citizens will have full access to good infrastructure and economic opportunities in their home countries?
Gold has been valuable to societies all over the earth for 1000s of years. This reason alone makes gold valuable - because it has 1000s of years of reliability. There were no iPhones or tech in medieval times yet gold was valuable. As long as the aristocracy values gold - its valuable.
Money HAS TO BE:
>Durable
>Transferable
>Divisible
>Intrinsically valuable
>Scarce
>Recognisable
>Fungible
time and time again people try to replace real money with something else and it fails every time, and what are those people forced to revert back to? GOLD
Gold is the ONLY substance (along with silver) that meets all the requirements to be defined as money.
You wrote so much and said so little.
what matters is that in a liquidity crises capitol flows to the deepest most liquid hard asset with the tightest bid ask spread....that has been gold for 6000 years..
>That's right. But that doesn't mean people with large families are the best asset.
Yes it does. You literally just agreed.
>And yet the West could not easily change how those countries are governed
We are in agreement with the governance of those nations. If those nations go rogue (like Libya) we take them out.
You are a glowing shill making any claim with no backing. You are literally "just saying things"
You should have fucking listened to your
Boomer parents and bought silver.
Lol and if you actually understood what you were reading you would know it suggests abolishing currencies in favour of one central currency.
You fuckin dingus
>money has to be a list of things because some guy in ancient greece said so
Nice quote
"Not REAL capitalism"
Because the reality of the physical world dictates it.
Also, Aristotle was pretty intelligent. certainly more intelligent than you or I
Correct
I'm going out. If the thread is still going when I get back I'll respond, but I expect it will archive
Nothing wrong with a central bank if it is owned by the people and used to spend money into existence, rather than lend money into existence.
Money can be spend into existence by creating it for common good projects, like building a new road or bridge or hospital etc and to finance government expenses.
This would require a banking entity seperate from the government run by the people in order to make sure the government is accountable.
Taxation can than be used to take money out of ciculation (destroy it) and regulate inflation and must be left to the same central bank.
Anyone else holding gold?
Rumor has it that america will be putty their cash surply into some type of crypto currency. If that happens the fed would no longer control the USA. They would be unable to inflate interest rates to undermine their host nation.
A limited money supply is terrible for the economy and you'd know that if you took a single economics class in your life
sure
Fiat currency is borrowed at interest, but that's a policy choice, not an inherent property.
>muh debt
Public debt = private assets + private saving. This is basic accounting, not a matter of opinion.
Shouldn't you kill yourself for not applying microeconomic principes to macroeconomics?
>no cryptojew bullshit
Flag checks out with statement.
The white south African farmers run their communities on crypto currency. It works perfectly for them. This way there currency has value that the niggers or Jews or Chinese can't control.
People want to buy the product they pay with crypto.
Why do you think governments and banks hate crypto so much? Because they can't control it. Yes it can be bought and short sold but not at great cost to whomever is doing it and short selling normally fails in this scenario as we've seen.
>being this much of a classcuck
May I suggest you not ever come back.
>If all national debt was "paid off" there would be no currency in circulation
Wrong. There are governments with low debt.
If all the debt (consumer, government, and commercial) was to be "paid off" then you'll have almost no currency in circulation, except possibly for some printed/written off excess. But you won't have any economic activity at that point at all.
>It destroys the purchasing power.
Are you talking about inflation? It's almost as low as it gets. It will be better to have a bit higher inflation.
Property prices are indeed a problem but they are a problem due to supply-demand.
To solve that problem you'll need enormous government involvement to create excess supply of houses.
It's possible but it will balloon government debt even more without higher taxation.
Because that family created something new during their time. Rothschild family is for banking what Rockefeller family is for the oil industry. I bet people will make crazy conspiracy theories about Gates family or Bezos family some hundreds years from now, even though it's obvious how they obtained their wealth now.
Could you offer a better alternative?
None talks about this stuff when the economy is (supposedly) going well.
Central banking is needed.
The real problem comes when the CB is private owned or not under political control by government(s).
What we in the euro area are experiencing is the bankers wet dream, the euro fixing the exchange rate is acting as gold standard and the ECB as separate entity(lol) functioning as a pump following the orthodox theories keeping low infltation and using salary deflation and disoccupation to keep competitiveness up inside member countries.(spolier: it will blow up has it alredy happened after the WWI).
USA are using since new deal a bastard keynesian model pointing to full occupation by domestic spending, I say bastard cause the Fed is a private entity, btw who tried to change the system got a bullet somewhere in his body.
As graet experiement in public directed CB was made in Italy up untill 1981 when there was the separation between ICB and our Treasury, i.e. they sold us to the (((markets))).
But in years before Italy experienced great prosperity, low debt.
Nice filename, right from the camera, seems authentic
>You literally just agreed.
How exactly? People in large families are not as productive in the modern economy because large families take away a lot of time and cognitive resources.
If you have to take care of multitude of children you won't be able to participate in the modern economy. Modern economy values intelligence.
>We are in agreement with the governance of those nations.
That's just not the case. It's impossible to take out every government that is bad at governance militarily. You're delusional if you think the West controls everything.
Study history a bit. Including the history of relations with Libya.
Gold is the ultimate form of payment. It is not borrowed into existence like fiat currencies are so it is no one's liability. Many central banks are accumulating gold right now.
The prices of precious metals have been criminally manipulated particularly since 2013. Gold (and silver to an extreme extent) are very much undervalued.
>microeconomics and macroeconomics
kill yourself faggot
>hurr durr science man gets in the way of my jewing
Kill yourself, Austrian cuck.