/biz/ - Business & Finance

>>49879320
>look at jews printing infinite dollars
Wrong. That doesn't solve currency inflation either. Since Cryptos are valued against normal-currencies, you buying BTC and then currencies(like the $) being ""printed"" doesn't make your BTC more valuable.
If you have 1 BTC, and then 1 Trillion $ are printed, guess what? Do you think that makes your BTC even more valuable? No, it doesn't. Because BTC's value is measured against the $.
This is what people don't understand. A house is not valued at how X.xxBTC's. A car is not valued at X.xxXMR's. Sure, you could supposedly buy those things with crypto. But guess what? A house, a car, or whatever are still going to be sold based on how much the crypto is worth in $$$. You're not going to say "Yeah, I'll sell this car for X.xxBTC". You're going to say "Yeah, I'll sell this car for $.$$, but will accept BTC based on however much BTC to U$D is worth".

So, haha, surprise surprise, that doesn't solve anything. Basically the economy is FUCKED by anyone who has access to """money printers""". This could be foreign countries who can print their own monies, banks who give out "loans"(who don't actually have money, but earn money by people paying them back money that the bank NEVER EVEN HAD), etc. If the Federal Reserve never printed off money, the fact that banks are allowed to loan Billions$$(even if the bank only has $100) means money can get all sorts of fucked up.
If I wanted to start a business, I could get a bank loan for $1Million. Ok, great. Then I could start another business, and get another loan for $1Million. Nothing wrong so far. Now I could use that loan from the first business to pay back my loan from the 2nd business. And I could use my loan from the 2nd business to pay back my loan from the 1st business. What do my companies actually do? Well, my companies just exist to pay back the loans I "borrowed". The bank doesn't care; the bank is making money.

>>49814499
>That's what they do with housing constantly.
Also, when you consider that foreign countries can """invest""" in Western housing markets (China, Blackrock, etc), they are effectively using the Western citizens as a source of revenue to exist in their own countries.

So they can just ask Western banks to give them loans to buy US houses, and then rent or AirB&B those out to American citizens, so those American citizens pay off the foreign investors' mortgages while pocketing the profit.

Western governments NEED to start regulating housing, because things are beyond fucked up right now.