/biz/ - Business & Finance

>>11374306
SOON

>It was the most devastating stock market crash in the history of the United States
no it wasn't

>>11374306
Great depression was caused moreso by the terrible fiscal and monetary policies that followed the crash, not the crash itself. We won't get anything that bad again because we're not on the gold standard meme anymore

>>11374340
Yes it was when you compare the %drop from top to bottom. Look at your graph again and think in terms of %

>>11374420
no, greatest % loss is 1965 to1980

>>11374344
What is so bad about the gold standard meme.
What if someone made a new policy called the bitcoin standard.

>>11374455
fixed monetary base doesn't allow you to do what needs to be done to stimulate the economy during times like that, which is to stimulate by lowering rates and pumping more capital into the system. Because that couldn't be done under the gold standard we got the deflationary pressures that fucked everything

>>11374455
gold standard is bad because it makes people forget that gold is money.
when people think paper is money they get put on an economic hamster wheel by inflation
you get people saying shit like this >>11374475
inflation is a social construct. consumer price index is not the definition of value

>>11374501
inflation is a social construct but it is a necessary one. Without it, people wouldn't be forced to invest their capital into research, education, construction, tech, etc. They would just horde the shit out of the money and never spend it.

>>11374501
>technological innovations start ramping up around the same time we got off the meme standard

really makes you think. I'm sure the seventeen and eighteen-hundreds were fuckin' sweet though

>>11374528
we should create societies that serve the individual not systems that extract wealth from people
>>11374529
currency debasement is correlated with war
no one wants to fucking live for nikes and iphones which is what keynesian monetary policy gives you instead of financial independence

>>11374528
>inflation is a social construct but it is a necessary one
You're trolling right? If not, educate yourself: https://www.youtube.com/watch?v=iFDe5kUUyT0

>>11374344
The great depression is a meme. The problem wasnt the stock market it was the dust bowl.

If we have a bad year for food and a crash, game over.

Ill see you in Valhalla at that point shiny and crome

>>11374566
There is a legit inflation shill on here that always claims that there is no innovation without inflation.

>>11375188
Without inflation, there would be higher unemployment... so the theory goes

>>11374340
devastating as it fucked the economy. The 2000 bubble didn't fucked the economy that much, only the tech

>>11374549

>Serve the individual
Oh but goyim, it does serve the individual. It serves the individuals that created the system. Be happy that (((they))) get to live the life of kings that you could only dream of!

>>11374549
>we should create societies that serve the individual not systems that extract wealth from people
Thanks. I don't know why those fucking NPC keep thinking that infinite growth and a hoard of human slave is a good way to run a country. Imagine how fucked you have to be, literally stockholm syndrome, to defend a system like this

>>11374344
"We won't get anything bad anymore"

>>11375272
This doesn't work like that at all. The only correlation between inflation and employment goes one way. From high employment to inflation brought by consumer demand. Artificial inflation by extending the money supply DOES NOT create consumer demand and DOES NOT create jobs

>>11375373
it's because they don't fully comprehend how bad it is and in turn how hospitable reality actually is.

Currency debasement is a legitimate action in war as you should win by any means necessary. You can argue that we have been in a state of war since WWI and the debasement will not stop until individuals in the east and the west realize gold is the unit of value or a western government becomes a world government. If we get a communist world government the debasement will never end

>>11375397
>individuals in the east and the west realize gold is the unit of value
It's the first time in history this is possible because bitcoin is the first currency that cannot be debased.

>>11375397
you do realize china hoards gold like crazy?

>>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

>>11374306

>12 years
12 signs of the zodiac / 1+2=3 / important

http://esotericawakening.com/the-scam-and-how-it-works