/biz/ - Business & Finance

>>30303902

>>30101773
>You have stacks of PMs that at just flat in value like they have always been.
Do people really not remember just over a year ago when the common wisdom was that silver would never go over $20 again?

>>30066329
>What the fuck counts as "inflation" to them? Is it literally just TVs and T-shirts?
they actually change the metric every year lmao

>>29804412
Learn a useful skill. The government released a list of essential industries last year, maybe start there.

hope you lads are stocking up on PMs and XMR

>>29430595
>>29430701
ngmi

>>29089801
Not only would Africans have real buying power, but they would start selling oil for gold instead of useless petrodollars. From what I understand that was the real threat to TPTB.

I really really like this image

>>28594869
optimistic guess is bejing biden doubles M1 and crypto market cap goes 10x. $10,000 monero

hi

>>26244587
saved

>>22929071
>he doesn't know

>>22526759
you are the perfect 20/21st century slave. The kind of retard that would believe a field is getting longer if you redifined the meter smaller ever year

thank god for negative exponential relationships between production cost of consumer goods and time

>>20828407
keynesian economics takes peoples wealth. It does not make them wealthier.
It is just a scam that works off peoples ignorance

>>19981759
Keynesian monetary policy takes peoples wealth and redistributes it to the collective economy via debasement, this is only facilitated by the ignorance of those that denominate savings and wages in fiat.
The fed spends peoples money without their knowledge it is not capitalism it is a scam

>maximize employment
if you're poor because your wage and savings are being devalued you have to work more
>promote price stability
define value as an index of consoomer goods but instead of objectively measuring the index take substitute goods as equivalent and exploit the exponential decreases in production cost of consumer goods (moores law etc) so that you can make the inflation number <=3%pa

>>18654534
>>18654816
this.
Op yous should measure it in usd which isn't defined by anything and was previously redefined twice in 40 years

All those trillions will stay in some bank account or tangled up in the markets, not being spent until years down the road when the financial instruments reach maturity or someone tries to retire then we'll finally see inflation.

>>18381750
imagine that we're so debased we're treating the usd like gold

>>18066365
>No state shall ... coin money, emit bills of credit make any thing but gold and silver a tender in payment of debts
a promissory note is not gold and silver. Just going to have to agree to disagree that you think the state issuing a currency is constitutional

>>18066351
bitcoin is defined here https://bitcoin.org/bitcoin.pdf

>>17894337
>when you realise fiat currency is a substitute good for money and it's your own fault for believing it's money

he thinks fiat paper is money because they told him it is

>>17701845
most central banks list their goals as control the supply of money to maintain full employment, currency stability and economic prosperity.

inflation targeting is easy when you define inflation ie central banks have no control over the purchasing power of their currencies but they do control the definition of CPI.

This was a conversation about socialism being hell.
My opinion on central banks is that they were a necessary evil to fight foreign socialists or the entire system is corrupt and being used to herd us all to global socialism.
So it's not like I think history could've happened any other way than it did but keynesian monetary policy is designed to squeeze the production out of people by never letting them accumulate wealth.
This achieved by having people believe cpi is a reasonable measure of wealth over time when it is antithetical to one