/biz/ - Business & Finance

>>20563500
>inflation hasn't increased
We're fine

>>20563500
That's a wrap boys.

>>20563500
more demand for US dollars than what we are printing. its the other countries that are truly fucked. but we are getting fucked by the rich like never before

>>20563500
not fucked until the rest of the world decides to stop using USD for literally everything

there is a shortage of USD worldwide

>>20563500
I don't know. How fucked are YOU anon?

>>20563500
Buy crypto

>>20563500
Monetary base is not money.

>>20563500
>having more money is bad
We're a shitload richer than we were, wtf are you on about?

Crypto is the solution to this problem, and chainlink will be implementing said solution

>>20564429
sometimes i am astounded by how stupid people on this board are.

>>20563893

>>20564429
>/biz/

>>20563893

>>20563500
the economy is growing so we need more money of course

>>20563500
>we
im 99% allocated to top 20 cryptos

>>20563607
I can tell you don't pay for food

>>20563670
cope

>>20564960
Do YOU? My groceries has stayed the same.

>>20564974
>euro
Who the fuck cares about europoor?

>>20563500
once it all floods the economy you can expect some prices to go up like stocks and beef, some to stay the same like housing, but nothing will drop in price

>>20565023
Exactly the retarded mentality we need. Keep up the good work

>>20564696
>>20564558
He’s right you fucking retards. Did you miss the March market crash?
>printer go brrrr meme
This ironically saved American economy. When the inflation actually hits we can just switch to digital dollar

>>20565070
Stop pretending you know what you’re talking about europoor. American dollar is the only thing that matters

>>20565147
I never even seen an american dollar.

>>20564429
Hang on while i buy some 3 eggs

>>20565190
Hence the name, europoor, you europoor

>>20565226
keep coping fatty

>>20565206
>world reserve standard currency=some degenerate faggot country paper money

>>20563893
All cash. What's your strategy going into this?

Not that fucked considering AMPL

>>20564989
it takes 2 years for increased supply to take effect.

Death cross on the dollar. These retards will go down with the ship.

>>20565668
Not if it’s literally the world standard currency. And even if the inflation hits we can just switch to digital dollar, which is what US is going to do

>>20565761
If it keeps crashing it's as useless as the argentinian peso. And it's crashing

>>20563670
We did increase debt owned.
https://www.cnbc.com/2020/03/19/a-global-rush-into-the-us-dollar-is-driving-extreme-market-moves-and-a-temporary-shortage.html

>>20565801
Where exactly is the crash, europoor? And did you even read my post you illiterate faggot? It doesn’t matter at the end because we’re switching from fiat to crypto

>>20565842
didn't read no

>>20565761
>And even if the inflation hits we can just switch to digital dollar, which is what US is going to do


yeah bro, ever since we started using checks, and credit cards inflation dissapeared. digital USD makes inflation not happen /s

>>20565835
>We did increase debt owned
So? Whose going to collect our debt? The UN?

>>20565888
>yeah bro, ever since we started using checks, and credit cards inflation dissapeared.
Maybe you should stop using your credit card to buy expensive luxury dildos then you retard.

>>20565917
yikes, americans are fucking retarded. Don't bother replying i won't read it

>>20565038
You rock.

This debt system sucks.
Why cant we base money on something else.

>>20567044
Lincoln

We're significantly more fucked than I thought we were this time yesterday

>https://www.kitco.com/charts/livesilver.html

>>20563500
Overtime, i would say pretty fucked, printing money in this magnitude does not create major inflation, it barely creates inflation at all.
The long term consequences of this is that there really are no reason not to create money, what would the consequences be to forgive all student debt and pay the lenders with newly made money? if it doesn't cause inflation, then there is no direct consequences.

This will happen, the "printing" won't seize, just like how the money created during the financial crisis, to resolve this crisis where never recouped, and was never stopped.
This will unironically destroy the real economy, with endless ressources, efficiency will tank and government spending will explode, and the private sector will become smaller.
The GDP will fall, the financial market will be at ATH, and our system as we know it, will collapse, the euro-dollar system will end and the dollar will no longer be the worlds reserve currency.

This is the long game, I believe that it will take years for this to happen, but less than 10 years for sure.

Get ready for $50 bread.

>>20567678
But why would any of these matter when 4th industrial revolution will start this year?

What did that jew Schiff say on Rogan the other day? .55 of every dollar spent by the gov. Is created out of thin air?
I'm sure everything will be fine

>>20567966
Why do these (((experts))) always overlook the fact that the whole world is clawing each other just to get a dollar?

>>20564956
You fucking retard. Most of the top 20 are shit

>>20567992
This does seem suspicious left out.

>>20563607
>what is velocity
I swear to fucking god this board is full of 12 year olds
Once goyim feel comfortable to come out of their homes they will spend and spend and spend until the Fed Note goes bust

>>20569046
See
>>20567845

>>20567845
>>20569067
What is that referring to? Developing nations?

>>20569114
I guess so.

>>20567966
Did he snifffff the seat after the interview?

>>20569114
Cancel that, LMAO

hes referring to the Machine 2 machine economy
where AI buys goods and services from other AI. This will all be powered by crypto and will send LINK to $3000 and Zeus capital will be seething.

>>20565649
Buy food that lasts 3+ years and camping/fishing/hunting gear :)

>>20569046
>to come out of their homes
what do you mean with this?

>>20567845
>>20569238
The singularity is close but it's definitely not that close. We need the governments to stay stable for another decade or two to really make sure we make it.

>>20569855
To literally leave home and go out to bars and movie theaters and on cruises. There's a bit of a global pandemic suppressing normie consumer activity right now.

>>20569877
The singularity can take as long as it wants as long as I get $20 link in the next 12 months.

>>20570437
& that's facts. At 750 almost at 1k which is my goal. But we can't rush perfection.

>>20563893
Yes sirs I am down to fuck, please do the needful, buy U.S. dollehr and feed one village thank you sirs

>>20569877
Singularity will occur around 2045

>>20570639
I fully agree with you. But we are looking at massive government revolutions possibly within the next decade even. Keep your eyes posted on /pol/ once and awhile guys.

>>20563500
yes

>>20569877
Singularity=\=4ir tho

>>20565698
Make a thread about this please

>>20570719
Hmm. Sorry I guess I was associating them with each other too much. I guess I should read more on the 4th industrial revolution then.

Surely AI is the most fundamental component of the 4th IR right?

>>20564923
This is literally brainlet teir

>>20570785
Artificial Intelligence, Machine Learning, Blockchain, Quantum Computing, automation. Singularity will be the “flippening” that puts us in a new status quo that the 4IR will be born on.

>>20570785
For me, singularity is when tech is so powerful that we literally don't need humans on anything at all. Like, the film Matrix level technology.

The singularity will probably start at the end of the 4th Industrial Revolution, where technology developed to the point where it becomes it's own organic entity, comnpletely decoupling from human development completely.

Yes, AI is one of the biggest components of 4IR, but it will be limited. We still need people to do things that robots can't do, like creativity and subjectivity.

Personally I believe 4IR started with the invention of blockchain and bitcoin.

>>20570984

It already happened.

We're recreating it in the current simulation.

>>20565761
>digital dollar

the dollar is already digital you mongo

>>20571366
Is this your first day on biz?

>>20564429
Kek, Venezuelans must be rich then.

>>20568403
Schiff theory is that the US will need to keep the money machine going faster and faster, and as the economy is not able to keep up production, the value of the dollar will tank, and so it will start not to be the default currency that is today. You are just still not there because the dollar is the cleanest dirty shirt for now

>>20563500

>>20571436
>/biz/ - Business & Finance
>doesn't even understand what world reserve currency is
wew

>>20571520
it's gold

>>20571551
>it's gold
I don't think so Tim

>>20563607
Yes it has retard. That's why stocks are soaring. The normies haven't caught on yet.

The rich are getting rid of their cash before everyone realises that a banana is now $1000.

>>20563500
Zoom out

Imagine worrying about the USD, and not holding a coin that will let you LARP as a CIA banana republic president in 10 years

>>20563607
Yeah that's why your standard of living is better than your parents. Big ups

>>20571584
>The rich are getting rid of their cash before everyone realises that a banana is now $1000.
Literally opposite is happening you fucking retard

All I know is my UUP puts will print at some point.

>>20563607
>Housing price increased 6x since 2008
>Money velocity still going down due to retarded financial regulations in the digital world
>Even more monetary expansion after march
>No inflation

>>20563500
We won't hit hyperinflation until the new cashless currency is ready to implement.

>>20563670
This is truth and the milkshake theory is in fact correct but what boomers don't get is that other countries are demanding PHYISICAL CASH , not digital crap.

You can't get digital dollars into most countries due to capital controls and the boomers have become anti cash now for some retarded reason(and looking at india & france results demonetization just destroy the velocity of money and gdp growth).

So in countries like argentina , lebanon , venezuela , and probably soon india, turkey and a lot more the market value of the dollar is fucked up.

For example in argentina if you have a foreign card and buy something with dollars 1 dollar is 60 pesos.
But if you use 1 dollar cash instead of a card 1 dollar is 130 pesos.

More than 100% difference between digital dollar and cash dollar , it always was like this because money laundering makes cash more worthy but it was never 100% , maybe 10% at most but not 100% of difference between cash and digital dollar.

You may ask why the fuck does it matter?Because the demand for dollars will disappear if this countries gdp go back to mid 20th century in the next 5 years due to this crap.

It's simply impossible for them those countries to even have economic growth when exporters get 100% less due to receiving digital dollars than phyisical dollars.

If the world does not see a massive injection of phyisical dollars and maybe a 1000 usd bill the demand for usd will disappear as the countries demanding it collapse.

>>20572778
If the people ruling the world have an iq above 100 they won't push the cashless currency after india experiment and the collapse velocity of money.

Plus with cryptos using randomX as monero you can convert your digital fiat into digital crypto using electricity alone.

>>20572817
>the demand for usd will disappear as the countries demanding it collapse.
Oh yeah? Them and what army?

>>20569046
You are implying that goyim are not spending because they are inside yet velocity of money even fell during the quantitative easings of the early 2010s.

The truth is that digital money is fucked in the west (no idea how it's on china but i have seen that you can even buy with digital chinese money on localbitcoins lmao).
You can't even do that with paypal in the west due to regulations.

As long as the digital money system is not fixed the velocity of money will continue to collapse , just look at the wirecard shit from one day to the next millions of freelancers with money on payoneer were at risk of losing months of income.

As soon as the fca in the uk lifted the freezing of wirecard uk , everyone got their money of their cards into cash.

The more digitalized the cash system is the worse the velocity of money is because this shit , everyone is afraid of having lot's of money online due to shit like paypal accounts being frozen or worse.

>>20572921
Like the soviet army, who collectively decided to sell all their vehicles to 3rd world shitholes when the ruble collapsed.

>>20572986
Read the entire thread faggot I’m not going to explain again

>>20572921
>Oh yeah? Them and what army?

They themselves you fucking retard , look what happened to venezuela , their gdp is going to be the worse in the world

https://en.wikipedia.org/wiki/Economy_of_Venezuela

https://www.worldeconomics.com/GrossDomesticProduct/Venezuela.gdp

The commies destroyed their own country but the lack of physical us dollars in places like lebanon or argentina is destroying the gdp there too.

Why? Because if you are an exporter in those countries you receive digital dollars at a shitty rate (because physical dollars are scarce) , so now the exporter get's fucked up.

This is so destructive that first world central bankers in the usa are destroying their own demand for dollars.

Look at argentina , the exporter receives digital dollars at 1 usd = 60 pesos.
But due to scarcity of phyisical dollars the market value of the dollar is 1 usd 130 pesos.

So if you are an agricultural exporter you pay for fertilizer at 1 usd cash 130 pesos rate , while your exports get buyed at a rate of 1 digital usd 60 pesos.

This is so destructive that will destroy the demand for dollars worldwide.

Multiple countries are suffering this shit now , it's ironic that the dollar supremacy is destroying itself due to boomers hating cash.

>>20573060
>muh Venezuela
>muh Argentina
Is there a reasons why brainlets always compare US dollar to literal who moneys?

>>20573060
>This is so destructive that will destroy the demand for dollars worldwide.
Like I fucking said you peabrain, them and whose army? Do you really think (((they))) care?

>>20573044
Good luck convincing H1B laborers to come here after this. Once people stop immigrating here, it's only a matter of time when people wake up and they no longer wish to immigrate to the US. Why would you want to immigrate to a socialist/communist country?

>>20573148
(((They))) will ditch the US just like (((they))) ditched the USSR, and Great Britain.

>>20570984
>Personally I believe 4IR started with the invention of blockchain and bitcoin.

Bitcoin is unique because it's the fisrt system ever created by humans that takes care of itself.

Even torrents need a centralized tracker to connect peers , bitcoin is indeed something revolutionary.

>>20571520
>doesn't even understand what world reserve currency is

Said by the britbongs in 1945 and in the suez crisis until they finally realized economic supremacy does not matter with a social contract.

The pax americana social contract is being fucked up hard , i am still optimistic it can be fixed by you burgers but it's hard to keep being optimistic when you insult europoors yet support more orwellian shit than they sometimes.

You are literally where they were 15 years ago.

>>20573148
>Lack of phyisical usd
>Agricultural exporters get shitty digital usd at retarded rate
>Can't buy fertilizer due to it being priced at the real usd market rate
>Can't export
>Export collapses
>GDP goes to shit
>Demand for usd disappears

This happening on multiple countries at the same time, no army needed , it's simple game theory.

Inflation will only happen if the economy doesn't produce enough of the things people want in which case they will all start outbidding each other for limited supplies of goods and services.

Monetary expansion helps fuel production and along with the deflationary effect of ever improving technology, inflation will be kept under control. It's a win-win.

>>20573321
In your dreams keynes, the only reason why most first world countries did not see significant inflation for a long time is because agricultural technologies , people think agricultural output peaked in 1920 with tractors or shit like that but it increased even until mid 2000s when it peaked.

The burger keynsians are at least smart with their money magic they injected their money with QE which is basically gibs for the rich and the rich will not outbid each other for spaghetis , they will however buy houses to become landlords or buy luxury goods.

This is why the 2010s QE worked as an emergency meassure to save capitalism but you can't make this shit a default standard , it's not sustainable because the rising cost of living due to housing bubbles destroy the consumers of everything else.

It's unbelievable they didn't fix shit in the mid 2010s.

>>20564429
adding more lines to a ruler makes it longer anon

>>20564923
yes the growth caused by tens of millions of people abruptly losing their jobs

>>20564366
This

>>20565761
>digital dollar
Are you people fucking retards. Cryptos are the same as fiat. It's all a scam. The only ones that are going to make it are those hoarding silver and gold.

>>20573186
You really don’t get it do you? Once 4ir go on full overdrives we don’t need more people
>>20573215
>(((They))) will ditch the US just like (((they))) ditched the USSR, and Great Britain.
Kek, and go where? China? Israel? Why would (((they))) leave when the US is doing well?
>>20573227
>The pax americana social contract is being fucked up hard , i am still optimistic it can be fixed by you burgers but it's hard to keep being optimistic when you insult europoors yet support more orwellian shit than they sometimes.
The thing is, it doesn’t matter what country or system you have. What matters is that 4ir is coming and whoever prepares for it the most is going to be the winner. And from what’s going on right now US is best prepared for what’s coming.

>>20573704
>The only ones that are going to make it are those hoarding silver and gold.
Go home schiff.

>>20565668
Staple goods haven't increased in price at al. Compare a loaf of bread from 10 years ago. Same brand and size.

>>20571584
This isn’t why stocks are soaring, stocks are soaring because you and everyone are reacting (buying) to what you THINK is going on (inflation). The fact is we are about to experience the most violent deflationary event in US history as, once again, the average US citizen will be left holding the bag (stocks). You’ve been played, sorry.

>>20573740
>And from what’s going on right now US is best prepared for what’s coming.

The usa is indeed the best prepared country i have no doubt about it.
But your monetary system is collapsing and you guys want to abolish cash?
I mean serious?The only country with external demand for it's currency wants to create a digital currency than every other politician in other countries can ban with capital controls?

It seems retarded but the entire us social contract would go to hell real fast if a sudden collapse in the demand for dollars happened.

It would be good if it were like bitcoin growing since it would be slower and also prevent also other countries from devaluate against the usd destroying the us industry thus being neutral for the usa.

But what we are seeing with the attempts at abolish cash will destroy the demand for usd , and that can lead to a growth in commie degenerates that would persecute even people like elon musk.

Would not be suprised on bit if they ban things like starlink because it blocks the stars lmao.

>>20573757
>The fact is we are about to experience the most violent deflationary event in US history as, once again, the average US citizen will be left holding the bag (stocks). You’ve been played
I feel this is precisely what's going to happen before this massive hyperinflation. They for sure are gonna let the people suffer a massive deflation for at least a year before turning on the jets to get people pumped for a massive war. The young men will all be brainwashed, hungry, unemployed, and very angry. It's the same play they've done over and over, and over...

>>20573704
>Cryptos are the same as fiat.
Except crypto is governmentless

>>20573740
I'm sorry to say but you've fallen for a meme.

The 4th industrial revolution needs engineers, capital and talent. As soon as that talent no longer wishes to immigrate to the US, your 4th industrial revolution isn't happening (at least not in the US). Especially as soon as pajeet and chang have second thoughts for immigrating to the US for fear of being the victim of a property/hate crime. I figure they would rather stay in their dystopian shithole rather than immigrate to ours. At least their dystopian shithole will have people who'll think, look and smell like them. What will they get here other than constant abuse and mistreatment after this? Once the good times are over, I would be hard pressed if we would even have any immigration/economic growth for some time. The only people I see immigrating here would be asylum seekers from Hong Kong, and that's because they'll be really desperate after this.

>>20574183
I think the collapse of the three gorges dam will be a catalyst for the second bond crash, sending the yield curve down even further. It would be good to hedge your positions for this.

>>20574598
(I meant bond climb, not bond crash, but currencies will collectively devalue at a faster pace than the yields on these bonds, so the real return is still negative). Owning gold/silver or anything that does not have counterparty risk is a smart thing to do right now.

>>20574578
>Especially as soon as pajeet and chang have second thoughts for immigrating to the US for fear of being the victim of a property/hate crime. I figure they would rather stay in their dystopian shithole rather than immigrate to ours. At least their dystopian shithole will have people who'll think, look and smell like them. What will they get here other than constant abuse and mistreatment after this?
Do you know how I know you’re still in college? Who literally gives a shit if some poor pajeet wants to come to us when we already have enough people? You do know that US is the third most populous country in the world right?

>>20574706
Take a look at any modern US tech campus and you will see zero Americans. They're run entirely by foreigners. These tech companies do not hire American. Who else do you think will kickstart the 4th industrial revolution? It sure as hell isn't our recent college grads, most of whom are next to useless.

>>20574782
>he fell for the college meme
College is a meme friend. There’s a reason why billionaires don’t go to school

>mfw we all make it but the u.s. dollar dies

>>20574839
This lol

>>20574706
>third most populous country
>thinks it’s from Americans having children
>not immigration

>>20574839
>made when we make it
>except honkeys

>>20574887
>implying those people will ever leave the US
You stupider double nigger

>>20574913
It is too early to say. At least we can hope for the 3GD collapse and refugees from Hong Kong. As for India they may be creating their own refugee problem, so we may see an influx of Indian muslims.

So the dollar will still have strength so as long as there are asylum seekers in the end, so I wouldn't give up hope (that is, if you care about the dollar, and not the neighborhood you live in turning browner than it already is).

>>20574913
>he doesn’t know immigrants who become permanent residents/citizens also have lower tfr

>>20575022
>he thinks more people=good in 4IR
We don’t need anymore retarded unskilled laborers my brainlet friend. Like I said we have enough people.

>>20575134
>capitalism/socialism works with declining population base

>>20575444
What part of 3rd largest population do you not understand, brainlet?

>The thing is you all are forgetting that at the end of the day USD is backed by overwhelming military might
Coronachan is child's play that can be fixed with a digital printer

lmao amerimutts, last few years all major economies were accumulating huge amounts of gold what do you think for what? You maybe able to defeat Iraq at the cost of 3 trillion dollars but what will you do if China, UE, Russia and Middle East suddenly tell you they won't export any shit to you unless you pay with gold or with currency backed with gold. Attack them ahaha?

>>20563607

>>20575553
I hope we go back to a gold backed currency honestly

>>20564558
>>20565115
Bigger numbers are not better. Purchasing power is what matters. USD is losing purchasing power.

>>20574578
Go back.
We have no use for you here.

>>20575512
Say hello to extinction, nazi. It’s you white faggots being killed. Lmao.

ITT: newfags that still haven't graduated college but think they understand anything about the world

>>20575590
Yeah, nazis like you are going to sit still and code. Lmao. You can’t even sit still, much less code.

>>20564429

>>20575588
>USD is losing purchasing power.
Literally impossible. Lurk moar
>>20575577
Not going to happen
>>20575553
Literally who cares what the world does?

>>20575577
There will be between two and four metals that back the new US currency. There will also be a digital pool that's tethered to blockchain technology which will facilitate most, if not all, modern exchange procedures.
Plenty of the stupid Ripple faggots obsess over it being XRP, but a new crypto-like tech will be used.
Some anons think the metals will be the Four Horsemen, but I still think it could just be bimetal.

This is the gist of what I've gathered thus far.

>>20575630
kek
I guess I didn't realize you were just larping, bud.
Carry on, I suppose.

>>20575660
If you aren’t 2x richer this year you’re doing it wrong

>>20575577
I doubt it, I'm pretty sure we're moving to the digital dollar with expiration dates.

In order to have negative nominal interest rates, governments will create UBI and the cost of real goods will increase with it. The UBI that you'll receive will actually expire every month, forcing you to spend your money or else you lose your UBI. No one would want to have kids in this environment and we'll have a state enforced homosexuality program. Free speech and gun rights are also dead. We will even make white people be illegal, they won't be allowed to exist anymore. We will also have rampant internet censorship and possibly a great firewall of our own. No one will be able to question whether or not we actually have any freedom left since we're only allowed to believe that we are indeed a free country when we're really not. Eventually UBI will devolve into the food voucher system that was employed in the USSR a long time ago, but by then we'd be running -10% interest rates.

Welcome to McCommunism.

>>20575702
>Stock go up
>Cost of living gone up too
GUYZ WE'RE RICHER

>>20575681
>Literally impossible. Lurk moar

https://www.cbsnews.com/news/americans-food-rent-basic-expenses-coronavirus-crisis/

https://edition.cnn.com/2020/04/09/business/americans-rent-payment-trnd/index.html

lmao

>>20575781
>Cost of living gone up too
No that’s just you getting more food from the groceries, you fat fuck

>>20575682
Chinese is allegedly hoarding an additional, unreported 20 metric tons of gold so their new digital Yuan will be a blockchain currency backed by gold.

If that's real there's gonna be a new reserve currency.

>>20575814
>cbsnews
>cnn

>>20575590
Writhe and seethe. America is just Russia with good weather and a good legal immigration program. Once legal immigration dries up, a brain drain will follow and you'll realize how powerful the US really is when shit starts breaking down and no one is there to fix it. The last good generation of white people are in their retirement age, and they did all the hard work. We're living off of their fortunes and those fortunes are about to dry up.

>>20575821
>It-it's just food guys
Yeah because inflation is linear and not exponential, retarded cope

>>20575754
This but unironically

>>20575890
Then we can just go brrrrrr lol
I feel like none of you realize just how rich US is

>>20575577
I certain race of sneaky merchants will need to be removed before that can happen. The last president to threaten FIAT got assassinated in public view.

>>20575754
My hope is that the US balkanizes so that each ideology gets it's own place but your situation is probably more likely

>>20575896
I hate what I'm seeing right now. I would rather see interest rates increase + great depression 2.0 + world war 3, than the route that our elite are sticking with, which is this "piss earth" route where the world turns into a mongrelized horde of goblinos.

At least with the first option we might become a space faring civilization as that deflationary shock will create a generation of tough, mean spirited Americans who will conquer space. The second option (negative interest rates/UBI) seems to be the weak civilization route.

>>20563500
I'm going to get rich from my link and my pnk, but I'll have to live in a ruined world. Is that what you're telling me? Oh well, we can rebuild it with our new wealth.

>>20575754
Just buy link

>>20575989
$1000 LINK by EOY

>>>>20563500
>he invested in a nigger-protectionist economy
ngmi

>>20575947
Brrring is the problem, the US is only rich on paper, in reality we've had practically nothing to show for it

>>20575754
and it will all be powered and automated thanks to Chainlink

>>20563607

Absolutely bait

>>20575978
Yea me too , it's seriously insane , the negative interest rate with ubi is also eventually become a dysgenic program with the elite giving more gibs to "vulnerable groups" aka the most passive , while removing it from the most troublesome groups.

I honestly think this year is critical and i am not sure what group is worse if bidden or trumptards , both seem to want the cashless slave society meme.

>>20576266
the meek shall inherit the earth

I’ve written white papers for U.N. commissions, for the Trilateral Commission, and for the cosmetics industry as a lobbyist. I have nothing better to do, so I’ll repost some of the info I gave last time.

A seeming contradiction in globalism is that between it’s seemingly “socialist/leftwing” elements and its being advanced by multinational corporations and neoliberal elites. But, this process of globalization is driving toward the creation of the ideal consumer, not the ideal producer. The continuity of production is treated as a given, and this is largely due to automation. With automation handling the vast majority of formerly non-skilled labor production, the goal of the global economic system is the maintenance of the ideal consumer to purchase these commodities. The obvious problem is that these consumers have to have liquid capital to spend on the automation-produced goods. The “socialistic” solution is controlled wealth distribution to allow for product consumption. This might not seem to make sense—redistributing wealth from producers to consumers, so that they can purchase that production—but this cyclical process helps integrate consumers into the consumption process via credit, debt accumulation, and eventually with the onset of cashless society, directed and monitored spending.

>>20576341
The other leftist element, identity politics, is a way to co-opt democratic competition. Politics in the twentieth century carried economic weight. The goal was to de-economize politics, so that the citizenry could carry on with democratic politics, but it would not effect the global economic system’s operation. So the population can have political battles, sometimes even substantive, over cultural/identity issues like abortion, gay rights, race, gender, etc., but the outcome would not affect economic activity. In effect, politics was transformed into entertainment, with real administration being transferred to the supranational level—the IMF, World Bank, European Union, etc. This transformation of politics and economic administration largely took place in the late twentieth century.

Lastly, my joint work with the cosmetics industry and U.S. intelligence pertained to the “commodification of identity.” Pre-capitalist forms of identity (race, ethnicity, religion, culture, etc.) pose a threat to the global economic system because these identities provide a basis for popular-democratic resistance to the process of global consumption. There has been a concerted effort to replace traditional identity with post-modern, commodified identity, so that identity consists of purchased consumer products that an individual uses to define himself or herself. This process would also necessitate, as much as possible, the elimination of non-commodified identity, or in other words, the creation of a neo-homogenous population.

>>20576341
Go on ...

>>20576371
That's why neoliberalism has had to embrace some redistributionary measures. The neo-homogenous population receive controlled liquid capital in the form of credit to spend on commodities. This credit, through debt, then ties them to the consumption apparatus. In other words, the more they spend, the more dependent they are on the system that allows them to spend. Eventually, there won't be any motive in collecting the debt as money, because the point is for them to be able to spend and maintain a semblance of normalcy. The debt will be collected in the form of lifestyle concessions, which will (1) address climate change by reducing carbon emissions and (2) further the goals of identity reconstruction, biological integration, and population pacification. It will also allow the flow of information to be controlled via where money is allowed to be spent.

>>20576386

The thinking is likewise: (1) Climate change necessitates that human lifestyles, particularly those of the industrialized world, be transformed to limit carbon emissions. (2) Automation will lead to the endemic unemployment of the vast majority of humanity by the end of the century.

The solution to both problems is what I have outlines in parts. Someone mentioned the "destruction of the middle class," and this is partially accurate. I prefer to put it in terms of equalizing the global population into two group: population and managers. The population, who constitute the majority, which not produce anything but will consume based on credit. This credit will integrate them into a controlled economic apparatus. Debt will not be collected an money, which undermines the purpose of the system, but rather as lifestyle adjustments. In other words, once sufficiently indebted, "middle class" population will be transitioned into equalized population life. This population, then, will be transitioned toward more carbon sustainable living.

These transformation will be largely unavoidable because the credit-debt infrastructure will make cooperation with the credit distribution agencies necessary for their continued consumption at all. Wide-scale unemployment will ensure that the vast majority of the global population is integrated into the population category, with those who are not being integrated into managers who help preserve and administer the system.

>>20576428
keep going, this is great anon!
A great thread should continue until it hits the limit

>>20576428
So debt forgiveness programs would funnel population into changes?
For example turning in their car to forgive a loan and then begin taking public transit? Would be easier working from home. How does that look practically?

>>20576517
The global transformations I've outlined will be hard to swallow for many and will be a truly epochal shift in world history, but the new system is likely the only way to achieve a balance between sustainability and human life amid ecological and technological crises.

>>20576533
With the onset of automation, there wont be any jobs. There will only be managers- and consumers.

>>20576578
What forms of management would be best to get into? AS in how do I best insure I am not just a consumer?
Good stuff anon

>>20575978
The US will collapse no matter what, being in 10, 20, 30 or 50 years.
I doubt we will be the generation paying the price in blood but our white kids will, that's why we have the duty to prepare them.
Don't neglect and raise lazy soft kids otherwise your lineage will go extinct.

Booklist?

>>20576578
>With the onset of automation, there wont be any jobs
Imagine falling for commie futurology memes.
It's never going to happen in our lifetime, the same shit was already believed to happen during the industrial revolution and it did not for a reason: automation exponentially complexifies maintenance.
Automation will just make people specialize even more since the more sophisticated a system becomes the more maintenance it requires, this will likelly lead to new categories of jobs too (mostly services).

Besides there are tasks that are so niche or require so much flexibility they're not really worth the cost of automating.

>>20576793
Yeah, I doubt all jobs will be eliminated,
I'll sound like a NEET but I think more about something like the economy in Death Stranding.

>>20576812
based

>>20563893

>>20563607

Live in Suburbs based German Town.

Since McDonalds is a good Inflation model.

A big mac menu 3 years ago.

Around 6$ Us Dollar

and now its around 9$

Everything did stay the same size on the menu...
fking minimum wage (muhhh i deserve 10€ per hour)
Fking uneducated shits, you wagies need to work 2hrs longer

>>20563500
>>20563500
TLDR:

SUPPLY OF MONEY DOESN'T MATTER, LACK OF DEMAND + SPENDING IT DOES

HISTORICALLY INCREASED MONEY PRINTING HAS BASICALLY JUST INFLATED STOCKS & ASSETS BECAUSE THE MONEY WENT TO THE RICH WHO DON'T SPEND MUCH ON GOODS & SERVICES

NOW MIGHT BE DIFFERENT BECAUSE THE MONEY IS GOING INTO UNWEALTHY FOLKS POCKETS TOO, BUT DEPENDS ON IF THIS EXTRA MONEY TIPS THE BALANCE OVER TO TOO MUCH SPENDING COMPARED TO THE GLOBAL DEMAND FOR DOLLARS TO BUY OIL & PAY OFF DEBTS

ITS A BALANCING GAME

you're welcome

>>20563500
looks like AMPL

>>20563607
All these reply posters probably live in socialist shithole countries where they rely on imported goods.
The only thing I noticed is I can't get 1$ bottles of organic wine anymore, goddamn you corona.

>>20563670
>>20565835
>>20572817
>>20573321
>>20573473
these, good posts

Monetary policy 3 changes the game a bit because until now directing the new money has been unprecedented. Lower class & middle class people are now also getting this stimulus directly. and now you have the government significantly in control of who wins and loses in business through loans & grants.

Deflationary factors of big job loss, massive global debt in USD, low velocity of money before this all even started -> offset by massive printing & distribution programs, lowered production lately

https://www.lynalden.com/quantitative-easing-mmt-inflation/

Gotta see how well these 2 sides balance out.

>>20577655
>NOW MIGHT BE DIFFERENT BECAUSE THE MONEY IS GOING INTO UNWEALTHY FOLKS POCKETS TOO

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Sure giving the poor half a percent of the inflation will sure do wonders!

>>20563670

I am from Bulgaria and I am selling all my dollars this week and buying gold

>>20575836
The fact that those sources report it is far more telling ratard

>>20577655
>We’ve figured it out this time! MMT is infallible! Every other nation throughout the history of civilization that has done what we are doing has gone bust, but we won’t!

K.

>>20563607
stagflation is right around the corner you stupid mongol