/biz/ - Business & Finance

>>15070082
didn't trump ask the fed to cut interest rates ?
what am I missing here ?

>>15070082
>ORANGE FAG GOOD
>Zognald "Considers"

>>15070130
They did cut by a quarter point but they seem to be implying they will continue raising rates regardless. They're trying to placate Trump so he doesn't push their shit in.

If the Fed is abolished that will send Gold to the moon.

>>15070082
You should've listened long ago. I still write Pauls name in every election even though we're too far gone to matter now.

>>15070155
based and checked

>>15070082
JFK said the same thing and he got assassinated by them for trying to abolish it.

Econ wizards GET IN HERE.

Explain if it would be a good or bad thing to abolish the Federal Reserve. If it was abolished, what would replace it? How certain would it be the replacement is actually better for the economy than the status quo right now?

Also if he does get assassinated it will activate the 1960 rewind timeline and that will mean a new Vietnam! Bull run for military equipment is confirmed!

>>15070082
If they go back to the gold standard, or backed by a basket of commodities, it will pump the fuck out of PM's and kill BTC in the short term.

>>15070244
Here Anon. Just watch this when you have the time and you'll get your answers https://youtu.be/mII9NZ8MMVM

>>15070155
This isn't a shill thread for Trump you retard, don't act like someone with TDS to everyone who mentions Trump's name for the discussing news. The thread is about bullish drivers created by him trashing the Fed while also wanting to engage in competitive debasement.

>>15070130
No it doesn't make sense, unless he's just saying whatever to attack the Fed but doesn't have consistent thought out opinions.

>>15070202
Should have listened...

>>15070155
Cringe

If our currency was backed by blockchain, would it be possible to “lose” 21 trillion dollars like the pentagon has over the years?

>>15070321
I saw that video years ago, but it's extremely amateurish and basic. I want actual professional economists take on this. I don't care about Rothschild this or that at the moment. I want to know the actual economic implications and consequences of this.

>>15070244
It would be amazingly awesome provided that the replacement is not another central bank run by Keynesian charlatan PhDs.
A gold standard as the replacement would be most likely. Either that or a basket of gold and other commodities.
The replacement would cause lots of short term turmoil (think stock market down 50 - 70%, but over the long run it would lead to more human progress in 20 years than we've had in the last hundred.
>>15070299
This is certainly a (very small) risk. BTC is a bet against retarded monetary policy. If the USD were unfucked BTC would not have as many use cases. I think this is not very likely though because the US Gov has no way to service its debt if monetary policy is reigned in.

>>15070343
>The replacement would cause lots of short term turmoil (think stock market down 50 - 70%, but over the long run it would lead to more human progress in 20 years than we've had in the last hundred.
Ok, but explain to me how and what. Give me the science of it.

>>15070183
It will also send human civilization to 0. There’s no way of removing the parasite anymore without killing the host

>>15070364
Go read articles or free books over on mises.org instead of asking people to spoon feed you. Interest rates would fluctuate based on the market like any other price does, preventing economic dislocations / malinvestments from inaccurate signals created by artificial interest rate manipulation. Austrian econ school talks extensively about how the Fed creates economic crisis like 2008, gives away free books, has lectures you can find on youtube, etc.

>>15070082
and you dont link the tweet or the video in question. in your mind a screenshot is good enough.

this fake news generation is the worst. fuck you. with my very soul i hate you.

>>15070447
I don't focus or specialize on Econ. I'm not going to spend my time learning advanced econ when there's somebody who already does and is willing to share. My time is invested in other areas more to my own interests and specialties, and likewise if anybody were to ask me on those topics, I'd happily oblige and inform them rather than be a rude cunt and telling them to stop eating from spoons.

>>15070460
Here you go you lazy millenial

https://twitter.com/realDonaldTrump/status/1157000131797032961

>>15070460
lol go look up his twitter you lazy fuck, a link isn't necessary for people above 95 IQ but here you go anyways, part I'm talking about is more towards the end.

https://twitter.com/realDonaldTrump/status/1157000131797032961

>>15070082
he said bitcoin is thin air how bullish is that

>>15070527
Imagine living without air.

>>15070155
6 more years

>>15070339
Watch “the money masters” on YouTube. It was made in 1996 and is one of the best Econ videos on YouTube if they haven’t taken it down yet. It’ll explain why abolishing the fed will see our economic wealth explode. It’s long but worth it.

>>15070491
You don't have to be a specialist or be looking to become a specialist. I was rude but this is fucking 4chan get over it, most people on 4chan are not so super busy that they can't pen in the time to listen to a podcast or youtube while doing something else. Why would you want a tldr from someone on biz when a presentation from someone who is more of an acknowledged expert on Austrian econ theory can do a much better job of answering your question.

https://www.youtube.com/watch?v=iYZM58dulPE

https://www.youtube.com/watch?v=Sh2y13oDGmI

>>15070599
>>15070605
thanks

This is just more bait for right wing retards, Trump is never abolishing the feds just like he’s never cutting immigration and he’s never building a wall

He retweeted for the dem debate part not the dismantle the fed part. Also without the fed the usa would never be a superpower and our standard of living would be terrible. Thanks to the fed we have petrodollar dominance. Fed won’t ever be abolished.

Jus' sayin'

>>15070244
>Bachelors Econ degree
Don’t really need to be an economist to figure out what would happen.
1. Gov would take over
2. Trump wants to print print money brocade much growth
3. Instead of growth we get hyperinflation
4. Bread now costs $100

Bitcoin/Gold go to moon

>>15070082
Lol if Trump actually successfully got rid of the Fed without being assassinated, the economy would enter a recession the likes before never seen in American history, simply because interest rates would no longer be so artificially low. Granted, this will still happen eventually Fed or no Fed, but he's not this stupid, c'mon.

>>15070854
Sure, that's so and I wasn't implying otherwise. Still good for bitcoin to have shit like this in the spotlight.

>>15070507
>>15070510
it's not about being lazy you fucking morons, people like you are what normalizes the spreading of fake news and misinformation. your fucking responses just goes to show how bad your characters are.

>>15070605
Just watched the first video. Very good video. I finally understand now what is meant when people say fiat currency is air money. It all began with fractional reserve, and with every passing year and decade, more and more policies and decisions based around the core principle of fractional reserve created more and more insanity as basically infinite money could be printed from a limited backed supply at the discretion of the "Fed" whom the American people have no control over whatsoever.

I get it now. From a money system that imposes a hard limit on the amount of money in circulation to a system that creates infinite money propped up only through market manipulation under the guise of "economic stability" which is really just another way of saying "we fucked up and have to keep the machine going because it's already too big to fail by making it even bigger". I see the danger now.

Also loved the Ron Paul appearance. I understand the memes now.

>>15070082
except trump wants to abolish the fed so he can be in charge himself and print even more money, he's a bigger scammer than the most greedy kikes out there, retarded keynesian

>>15070082
Trump wants to abolish the Fed so he can print even more money out of thin air.

Literally would make the dollar even more worthless than it already is.

BTC would go to the moon though but everything else would collapse.

>>15070082
Just more garbage that he never does. If you haven't realized by now that he is doing this to rally his base then you are a fucking retard there is no hope for you. Seriously he has done absolutely zero what he has said and he capitulated on pretty much everything on twitter. Tried of this shit and people taking his little twitter rants seriously.

>>15071298
I watched the first video years ago, but I haven't seen the 2nd one it was just one of the first search results that popped up for me. Mises Institute has so many presentations about the Fed it's hard to gauge which one would be the best intro without watching video after video. But I probably wouldn't have profited from bitcoin starting in 2015 without their influence.

>>15070635
this. Its all to rally his base for 2020 and most people arent falling for it anymore.

>>15070082
> Have President that is hated and widely mocked by the people propose sensible things like getting rid of the FED
> Now anyone who proposes it will be connected to Trump and destroyed politically
It's like you can't see what the Jews are doing here..

>>15070244
How about the same system we had all the way up until 1913? The one that created 0 inflation?

>>15071541
>>15071557
I for one prefer to get crushed into the dirt by the dem candidate for being a white boy bearing the sin of having money. aCCelERatIoNiSM for the win my fellow pol.

>>15071662
oy vey, can't have that goyim, SHUT IT DOWN!

>>15071699
the GOP and dems work together with democrats to fuck over the country you dumb shit. Just look at the recent vote for H1b1 green card lottery bullshit gop and demos both voted for it. You are living in a fantasy

>Trump fud Bitcoin
>Bank of China shill Bitcoin.
This timeline is too good.

>>15070681
It will be a golden bull for about 2 months though..
Not even joking.