/biz/ - Business & Finance

How many do I want?

>>17755863
>you can't accumulate wealth you have to buy things

>which is what actually creates wealth.
forcing people to lose wealth creates wealth. The absolute state

antithetical to capitalism

>>17751840
>instead of letting the economy contract we will steal peoples wealth by making it illegal to own gold and then debase everything by 40% in one year

Keynesianism is economic socialism. It is a central authority taking peoples wealth and redistributing it to the collective under the justification of economic prosperity.
same way national socialism and communism works with justifications of racial prosperity and class prosperity respectively

>>16746885
https://youtu.be/OyBNmecVtdU
https://youtu.be/F-AZV3qnwkA
https://youtu.be/os63_osqIzo

>>15637578
We will try..

>>15521822
that chart is showing you the average salary in 1925 was 253 ounces of gold
whereas someone earning 253 ounces of gold today (~$379k) is well above 99th percentile income
Todays average salary is 38 ounces of gold.

the cause of all societal problems is debasement
there has never been a civilization that debases its currency against a subjective index of consumer goods to maximise the employment of its citizens. It is fucking madness.

>>15521823
the answer is the pic here >>15521361
Believing CPI is the unit of value would have you believing the price of gold was $600 an ounce in 1925 when it was literally defined as $25 an ounce in 1925. CPI is absolute madness

>>14749375
If only Andrew Jackson was alive today. I think he would've had our backs

honestly estimate what your average wage could be, minus taxes, multiple it by the years till retirement. Realise that amount is all the money you will ever be paid
even if the dollar didn't loose value over time
even if there were no more housing crashes
even if you were given that amount today in full today, how optimistic would your financial outlook be
then think of the reality
that wage will require 5/7ths of your life's time
you will most likely need debt for a car, education, home
you may have a wife you cannot support
you may have children who you can give nothing but debt
if you define purchasing power by cpi your wage needs to increase by 3% per year to break even, if you define purchasing power by gold your wage needs to increase 10% a year to break even
we are in the world jackson warned about in pic related. People talk about endless work or voluntarily taking up suffering as what gives life meaning, where is the line between prostitution and profession. There's nothing moral about undertaking fruitless work, it's madness.

>>11650710
inflation creates nations of slaves, you are a parasite

society should be something that serves the individual, not something that extracts wealth from them

>>11515160
people wouldn't believe that things got this bad if you'd told them
the american civil war was fought over a 10% tax on tea

meanwhile in the 21st century the majority of people loose 80% of their wealth to inflation each decade and vote to have the remainder taxed more

maybe if grandparents had been the same way we wouldn't be here giving away 80% of our wealth to inflation each decade and voting to be taxed more on what's left

>>11406499
>oh well looks like I i will just have to work for a year to afford a home
>gee I wonder how rich everyone will be in 2018 because of this new deal called inflation

>>11391912
aye

>>11375448
the chinese government knows gold is money as the does us government
Individuals in both countries don't which allows their governments to perpetuate endless work caused by inflation
the difference is that is the point of communism while capitalism only uses debasement in war

>>10343937
you're a disgrace

>>2995613
This, here in America we declare war on banks