This topic ALWAYS gets ignored because of how utterly stupid people are.
Every time I see *real* data I realized how fucked we are.
fred.stlouisfed.org
As far as I can tell, central banking is the greatest scam on Earth.
We are playing a rigged game and will always lose.
Besides buying guns, gold, and silver, how are you protecting yourselves from collapse and manipulation?
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Real data is for niggers
lol no surprise this thread gets 0 attention...
Bump
Bump for *real* data
99% of the population don't have a single clue about how devastating and criminal the banking system is and probably that's why the ignoring. People who are aware of that also can't do shit about it. We can try to explain to them how it works and how bad is it but they prefer not to or talk about other stuff because 'that's not my problem and they'll fix it somehow'. But I think the collapse is nearer than (((they))) think.
It's sad to think we work for mere digits in our bank accounts and this is what cripples me the most.
I think gold, silver and be debt-free is the way. About manipulation I don't think of a way how can we avoid that, I mean, we can stop watching TV, movies, etc. We were raised hearing 'you have to work to buy stuff'. The moral values were lost to the consumerism caused by the brain-washer media.
This is an issue that makes me tired and whenever I talk about it or watch a video on this matter I get really anxious because I feel like I'm not doing enough, but what can I do?
Fuck it, go ahead and explain the central banking system to me. Do you mean just the difference between fiat vs comodity based currency?
cryptocurrency scares the fuck out of them because they can’t control it or endlessly print more of it, and most importantly, can’t deny the tech is the future of money
I'm at a loss myself. My current plan is to become a famous musician and then go into politics with my popularity, then LITERALLY clear the swamp. I'll most likely be killed but i'm if I'm popular enough I could become a martyr for the American people. All we need is for someone who people believe to explain hos badly we are being fucked and the people will hopefully join in
Why do we even need a "Fed"? Countries got along just fine without central banking for centuries.
Won’t happen. You might get a few days of remembrance on FB but that’ll be about it, if you make it that far
It's a long story I can send you some links to you if you want. But i'll resume:
Central banking was invented to rob you and me, legally.
Nowadays it works like these (in 99% of the countries):
Central bank, national treasury and the largests commercial banks have the monopoly on money.
That being said what happens is the following:
The treasury issues bonds that are worth money (dollars, reais, pounds, etc) and the banks buys them.
So now the bonds are in possessions of the banks.
And this is the first part of the fraud:
Let's say the central bank decides it wants to expand the money supply (reads inflate). The central bank goes to the open market and buy this bond, for example US$ 1,000. In this case the central bank will just add mere electronic digits to an account(this account could be called 'compulsory') the commercial bank have with the central. But how could the central bank buys 1k dollars worth of bonds if it doesn't have any money? Exactly, it's out of nowhere, within a few seconds the US$ 1,000 is deposited into the seller bank account. And this is just the beginning of the inflationary and fraudulent system. The bank which received this money can now lend this money (loans to companies and people). And this process occurs with the other commercial banks too.
Immediately thereafter the banks start to loaning this money to the people but the banks are based on the fractional reserve banking system. That means they just need to have a % of people's money deposited in the compulsory account. Example, the percentage is 10% (to make calculations easier, in Brazil is 28% I think). With compulsory deposit of 10%, a person called 'A' deposits 1,000 dollars in any commercial bank bank will have 90% of the total amount robbed! Yes, don't think your money is safe there. What banks do is, since they need to keep just that 10%, the rest they borrow to other people (with a high interest). Let's say somebody 'B', who uses the same bank as person 'A'.
>>continuing
Person 'B' get a loan to buy something or pay a bill, whatever the purpose this money will somehow end up in someone's account in another bank, for example. The process will repeat itself in a geometric progression. Meaning: the first US$ 1,000 could lead to a US$ 10,000 increase in the banking credit. This is a inflationary intrinsic system. Now you multiply the operations and see the how devastating this is. And is just credit, it's not fiat money, doesn't have value and someday it'll collpase. Always will.
I may not be the smartest person to explain this yet. But i'm trying to simplify the max I can. It's not an easy issue to explain and they wanted to be difficult but with some readings you can see the bullshit machine this is.
The people of France are doing something about it. They probably won't win but they are having some effect.
Some great threads on actual politics have been archived in the last few hours. This board is bot and nothing more
Putting the Fed on autopilot (the money supply is increased a fixed x% per year) and allowing short term interest rates to be determined by the market would probably improve the situation. The working and middle classes in this country (who are predominately savers) are being pauperized by the Fed's zero interest rate policy for the last 10 years. Earning next to zero on their savings combined with stealth inflation that the CPI fails to acknowledge has led to a financially ruinous negative real rate scenario that has persisted for over a decade.
>Besides buying guns, gold, and silver, how are you protecting yourselves from collapse and manipulation?
learning skills
like blacksmithing
tool making
farming
water purifying
bee keeping
reloading
building
with amount of accumulated debt the Fed can no longer raise rates. The interest alone becomes unbearable. Yet the next down turn is nearing. I would expect NIRP and the abolition of currency.
Funny fact, the biggest minds of economy of the world get taught the same thing on the same American Universities
Not really politically incorrect.
But Yeah. Banking is fraud.
Bump.
Bonus nagging: is the stock market a scam?
Because you're preaching to the choir, user. Who on Jow Forums hasn't watched The Money Masters by now?
>As far as I can tell, central banking is the greatest scam on Earth.
bump
everybody read Skyscraper Curse by Thornton, End the Fed by Paul, and History of Money and Banking by Rothbard
get woke the fucking banksters are stealing money from everyone and ruining society
checked
was that the cartoon? or was that the one with the guy who had like 8 parts and keeps trying to sell you gold?
Fractional reserve banking is older than central banking and the two have little to do with each other.
Central banking is about controlling the money supply to ostensibly avoid runaway inflation or deflation. Fractional reserve lending is about putting idle money to work. Yes, they can loan a fraction of a fraction of a fraction and yes this is a geometric progression but since the fraction is less than 1 it has a real limit which is not infinity.
I don't mean to discourage critical thinking of the banking industry because it is shady and shitty but your post is muddled with garbage you have either misheard, or heard correctly and misunderstood.
It's a Ponzi scheme, all revenues come from new entrants into a market
>Besides buying guns, gold, and silver, how are you protecting yourselves from collapse and manipulation?
lead, tin and kids.
lead for the obvious reasons, and tin may just become more valuable than it ever was. working iron is hard but a post collapse society will have plenty of copper to strip. yet good sources of tin dont grow on trees; fucking Phoenicians sailed all the way to britcuckland for it ffs.
kids should be obvious too.
another useful one is black soldier fly larvae. there is going to be a lot of biomass to recycle during the collapse, and that plus some chickens can take care of all your calorific needs; as long as you are sufficiently prepared not to end up on the compost heap yourself.
Neither.
>m.youtube.com
Great entry-level redpill.
fractional reserve is the part where the bank can lend $10,000 because it has $1000.... central banking is the part where that $1000 was poofed into existence from nothing
END THE FED
Just post the bloody link to the YouTube video!
It's poker for grown-ups in suits.
Fractional reserve banking poofs money into existence from nothing because the total assets and total liabilities are not constant across such transactions. The money supply is not constant in fractional reserve systems, full stop. Central banks have nothing to do with this.
If the banking system is functioning normally then the increase in the money supply through fractional reserve lending does not cause inflation. Inflation happens when a) the same money is chasing fewer goods and services, or b) more money is chasing the same goods and services. If a bank makes a good loan (poofs money into existence) and that loan is used to make efficiency improvements then the number of goods and services grow as well as the money supply so there is no inflation even though money was created out of thin air. Everyone has more money, but everyone has more stuff, so there's no problem. However, not all loans are good. There is risk inherent in making loans. Then there are more dollars without a corresponding increase in goods and services, causing inflation. But, some loans are exceptionally good, and we get disproportionately more goods and services than we created dollars, causing deflation.
One way to picture this is to view inflation and deflation as a proxy for risk. If we are experiencing deflation, then we are not taking enough risk, because we could lend a little more to capture the marginal positive loan. If we have inflation, we are taking too much risk, because we could make fewer loans and still not risk deflation. If you think a stable value of the dollar is important this might be your perspective. (If so, I don't agree with you, because technology disrupts individuals' preferences so the value of a dollar in light of such disruption is already in flux, meaning the right amount of risk is almost certainly going to appear inflationary.)
At no point in this story is a central bank required.
bump
>As far as I can tell, central banking is the greatest scam on Earth.
Correct and it has always been intertwined with religion and controlled by incredibly evil psychopaths.