/biz/ - Business & Finance

>>19912647
Thanks man, learned this from taking shrooms, not listening to some tard on 4chimp

>>19912647
it is debt
if debt is enforceable fiat has value
fiat is slavery bonds

>>19912647
Yea, you don't even know how bad it is.
Its debt retard. Debt that will be have to be paid back. Learn about double entry bookkeeping.

https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy

Also, check out 'The grace commision'. ALL tax is collected for one thing, to pay the interest on the national debt ONLY. As the link shows, all 'money' is debt & the tax doesn't even cover the interest only on the national debt. The best question would be can you pay a debt with debt?

You clearly lack an understanding of finance history, on a Finance board.

>>19912647
Seriously though bros why can't we use gold as money anymore

>>19914108
Because gold is too scarce. We need liquidity too.

>>19912647
Based

>>19912647
>we print out
Not we....Jews.

>>19914148
That's the whole point though

>>19914341
See all that infrastrure out your window? Fiat built that. If you learnt why the gold was taken in the 30s you would understand that it's never coming back. also the 'nixon shock'
Like politicians want to give up their privilege of throwing money at things.

>>19914450
>See all that infrastrure out your window? Fiat built that
It can easily be built by the markets
>Like politicians want to give up their privilege of throwing money at things
Probably not but it would be nice

>>19914538
>It can easily be built by the markets
Try to figure out what's going on/has happened before you say things can 'easily be built by the market'.

>>19912647
At least the dollar is backed by our military power.

>>19914450
olol fiat doesnt build labor does. See the pyramids, canceling debt for slaves built those. I am in awe as to what crypto is building(digital contracts). Fiat has lifespans gold is endgame to fiat.

>>19914148

This is untrue. Look into GoldMoney, which used to be called BitGold. You can buy a cup of coffee with gold. Digitally, you can break gold down into as small a fraction as you want. The digital age makes gold an even more efficient medium of exchange. Gold can do everything which crypto is capable of except for offering the absolute privacy aspect.

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

>>19914450

Technology has progressed in spite of fiat, not because of it. Just as it has in spite of wars and socialist central planning.

>>19914683

Debased Roman coinage was backed by the Roman army. Did not do the Romans any good.

>>19914670
Of all the things government needs liquidity for infrastructure is the least of my worries m8, there's been railways built for cargo back in the 1800s without government. I'm sure some existed built by local governments but it's not like it's impossible

>>19914683
>Doesn't understand the military is built via debt

>>19914704
>olol fiat doesnt build labor does.
no shit look up, the double coincidence of wants.

check out my link about for how double entry bookkeeping works.

>>19914714
Without all the debt created roads couldn't be built. I do hope you're aware of 'the grace commision'

>>19912647
>money is literally just paper
Kek imaging being this retarded. It's 2020, money isn't paper. It's just numbers in a computer. Same as bitcoin but bitcoin is limited, money is infinite. Want more money? Just change the numbers in the computer. No complex cryptographic algorithms needed

>>19914714
tech will always move forward, funding helps. with fiat funding is easy

>>19914814

>Without all the debt created roads couldn't be built.

Thank you for enlightening us. Who ever knew that we needed fiat money to be blessed with roads.

>>19914873

The lion's share of innovation came before fiat, not after it. We are merely tinkering with existing technology, and resting on the shoulders of giants. See Robert J. Gordon.

>>19914714
that image is fudd. if bread is $200 a loaf, then gold will be at $600,000+ an ounce

>>19915026

>>19914714
>that little spike on the end of the graph going back in time
kek

>>19912647
>Annons first economic lesson

I'll teach you more if you hang around buddy but I must warn you, the /biz/ red pill could be more depressing than the /pol/ one.
I don't know if you're ready to know who George soros is

>>19915106
it's a nice image

>>19914962
>The lion's share of innovation came before fiat,
of course...but innovation needs funding & theres never been so much funds available.
My road thing is about infrastructure as I stated. Dirt roads are free. Do you want to do 70 mph on what you posted? No they are not the same, don't compare them.
infrastructure is not tech or innovation per se, its created by labour. tech/innovation is more creative. So fiat would never have anything to do with it except funding projects. Fiat allows for large projects, think the manhattan project.
Anywho night

>>19914108
Debt creates credit, credit creates wealth, wealth creates more wealth.
You're borrowing future gains to create present products otherwise you can run in to problems of stagnation because of lack of liquidity.

The problem lies when you have a bunch of malignant or ignorant idiots driving the federal reserve like it's some kind of sweat shop to produce more money just to pad their accounts with debt.

The market is perfect and is self correcting.
Always, always, always

>>19914076
Nothing you said is wrong but none of it invalidates OPs on-the-nose observation.

Some governments essentially have unlimited funds.

>>19912647
Go to any strip club with all the worthless paper and tell me it has no value when every whore is trying to suck you dick for it.

>>19912647

It has value because you are forced to work for it through taxation. You are what backs the value of fiat. You work, they print.

>>19912647
and we spend all our lives chasing money that the rich people print trillions in months and give to themselves like its nothing.

>>19914450

How do you even begin to explain the industrial revolution, when gold and silver were the money and there was no income tax.

>>19915190

Tell him anyway

>>19912647
So FUND currency reset is real?
Oh wow...
WHAT THE FUCK