/biz/ - Business & Finance

>>59164073
>I didn't. Before 2 years I was like: Okay there is going to be a gold rush - I want to buy into those who will be selling the shovels.

>>54845511
>>54845526
They claimed they did. You know, in the family bank in France or in Austria, you've never met her.

>>53160686
Most of this green-text story is legend. Most of the people living on the frontier were squatting on hundred-plus year old land grants owned by people back east.

>>52286400
>It's called house flipping, brainiac.
It's called 'Speculation', which has a history of being the reason certain groups are kicked out of places.
Which happens to work in their favor, because they typically make sure to DEBTMAXX before they're officially "kicked out".

>>51274108
>If it were pegged 1:1 with gold
Commodity backed currencies are a meme.

>>51261540
>they don't think that it be

>>51259312
Commodity backed currencies are also subject to abuse and fraud.

There is literally free money in the god dam dirt.
Fucking poor people just don't want to be given everything in life for free, without doing any work.
Poor people are literally subhumans.

>>51092572
>Every system has an expiration date.
Maybe people who unironically believe it's literally impossible for themselves to do anything wrong, because everything is just supposed to be a clusterfuck; there's nothing no one, nowhere, in past, present, or future, could ever do to make things not a complete train wreck.
But we should definitely all be really excited for their ""new"" system that totally isn't a dumpster fire.

>>51051666
>the oil kings of the middle east did made a deal
They literally just took over and nationalized Western Oil companies, despite the West designing, building, transporting, and setting up all the drilling equipment because "muh White Imperialism". So now we get to send them $Trillions/year just for ""permission"" to go survey and drill out the Oil wells.

>The idea was called recycling dollars
Excuse this outburst, but that is the dumbest thing ever, and I will never understand it. We give them $TRILLIONS/year just so they can buy Western Labor/Resources? What the fuck do we gain from that? We get U$D back, the same U$D that we could have just given directly to our citizens instead? It literally makes NO.FUCKING.SENSE. People say that "America is robbing the world!", but it is quite literally the exact opposite. The world is robbing American Citizens.

> could return to a hard currency system.
That comes with its own set of problems as well- picrel

>to install this fiat system
I mean, Gold was already a Fiat System. Because the Government regulated the trading price of Gold. The only non fiat-system that I believe exists, is a Barter Economy.
I don't believe Fiat is the problem. If you ended "Fiat" to replace it with a "Hard Currency", that doesn't really change a lot. It's the Financial SYSTEM that is the problem for everyone who isn't exploiting the fuck out of it. I