/biz/ - Business & Finance

money printer go brrr
https://www.youtube.com/watch?v=WEMCYBPUR00

>>54208370
Guys guys help please I think I jumped to the wrong timeline, yesterday I was jamming to that Money Printer Go Brrr Anime Girl meme with a techno remix of some song that I can't remember and now ALL OF THEM have been replaced with versions that play Caramelldansen I'm losing it.

Central banking and fiat
Central bank (CB)

Info on central banking and why its a scam.
So how is money created? The Government needs some money and asks the CB to give them some. The CB prints the money out of nothing.
They just type some numbers in the computer, press enter and thats it. They then lend (not donate, lend!) the money to the government with INTEREST RATE.
The government then gives them the promise to pay it and the interest rate back. This promise is called a bond.
You might often hear things as "the european central bank buys italian bonds". They say it that way to hide their scam, but the process is the same:
CB creates money from nothing, lends it to the government and gets their promise for paying the debt and interest.
bonds are traded on the market.
The taxpayer (thats you, rich people dont pay taxes!) is enslaved eternally to pay the interest rate.
A 30 trillion US debt at the current 4% interest: over 1 trillion per year just to pay the interest.

You might ask: Why does the government not just create the money themselves instead of a private central bank?
Well, before 1913 this was the case in the US. But that way the bankers couldnt make money.

>https://twitter.com/whale_alert
Check out all the dollars being printed and prepped for gobbling up all you weak handed seller's coins. Money printer is going brrrrrrrrrrrrrr. Get ready and stay comfy iron hands!

anons, what are your thoughts on Biden's 1.9T spending plan? I am honestly scared shitless with all this spending, but at the same time it seems nothing really happens. Are you just pumping up this debt bubble until it explodes or is it something we will just live with? Honestly have put real thought it putting all my fiat into crypto and gold/silver. Am I just being paranoid?