/biz/ - Business & Finance

People want things. They want food, they want housing, they want tv's and cars. These things require work.
The economy is a system of dividing the labor required to meet those desires.

Currency is just the representation of a unit of labor. It's not real in the sense that it has any inherent value, i.e. it doesn't help meet people's needs. This allows us to easily trade one type of labor for another. After all, it'd be a pain in the ass if we had to barter for everything. Imagine if you were a woodworker and you had to pay your restaurant bill with with furniture. Would be pretty annoying, no?

So, as for why banks loan out money, think about what money is and what the transaction would look like without it. So, for example:
>I'll come help you build a house right now
>later, you have to help me build my house, and also a shed in the back

In other words, money = labor credits.
When you get a loan you're getting labor, and that labor must be paid back.

>>58388760
The fund rate (the allowance my mom gives me) is stable

>>58110704
ouch lol
fuck you bear

I'm really scared for the financial future of everyone in my family.

>Parents can't retire and are realizing that cars were not a good investment after all
>Uncle is gonna work himself to death supporting four kids and a useless wife by himself
>Grandparents are literally pissing $400 a day MINIMUM on state-sponsored caretakers
>Cousins were all in good lines of work before Covid, then mysteriously went back to zero
>The only financially stable relatives I have are the ones who were already living near the poverty line

I couldn't care less if I end up making decent money because I'm constantly worried about my folks.
What's weird is that we were all promised again and again a few years ago that everything would be fine.
Now it's not and I don't even think we did anything wrong. I have a little nest egg for emergencies and that's it.

$APU

$APU

BTC 0.7
LINK 1000
ETH 0.5
TUSD 28000
give it to me straight, biz

I FOMO'd.

>>57407636
>Green mania
what is everyone's honest take on this, are leftist really that brainwashed that they do all this ecoterrorism on their own or are they bribed/blackmailed by China/Russia fucking epstein list or whatever. I even understand playing with alternative energy sources, why not but why all this aggressive push to exclude electric cars, coal stoves, 90% 'carbon footprint' reduction and so on, so basicly what I'm asking here are these EU retards just stupid, evil or being blackmailed into doing this shit to their own citizens

Is buying a condo in thailand a bad idea? I've heard a lot of horror stories like people being unable to sell later, or the government screwing them over.

>>56586217
you already profited, many of us have never touched a woman.

What happened to the wfh thread? Did everyone get forced back to the office?

Someone is about to FOMO into Link and kill the pump

it's just me, and 10 other people browsing here isn't it

My Neet days are just starting

I'll be sleeping when it starts. can someone put it on vhs for me

On one hand I want the price to go down so I can buy more.
On the other hand I want the price to go up so I can sell more.

what language should i be learning if i want to maximize profits from my resume in IT?

will japanese help?

How do I make line go up? It only wants to go sideways or down. I can't find controls bros.

I pay an extra 30 cents of gas in no nigger tax (not to be confused with the nigger tax).
The no nigger tax is the price that's passed onto the consumer to avoid niggers.
The nigger tax is a direct tax that is redistributed to the nigger.

Should I stop paying the no nigger tax since it's optional?

>>55955910
They provide nothing of value and should be eradicated

Why do institutions pay wagies to trade for them? If they were so good at it wouldn't they be working for themselves? And if they were capable of doing so why do they need a salary? Why doesn't the institution just ""invest"" in them like how exchanges allow copy trading for a small fee?

You are literally retarded for wanting your coin to go sideways for a decade. Such a waste. Fuck you.

I can't get approved for a credit card.