/biz/ - Business & Finance

I'm sure plenty of good goys did the needful

>>23174280
no obviously, functionally it just froze the gold market to prevent a total currency collapse

>>23174309

Hitler also outlawed the convertibility of gold. You weren't a "goy" if you handed over your gold to the U. S. government; you were just like a good little Nazi in Germany. As Howard Buffett said in his 1948 speech to Congress, every dictator, whether FDR, Stalin, or Hitler, hates gold, because it deprives the state of power. Once you get the people's gold, you can devalue the store of their labour at will to do whatever you want, making them effective slaves. In America's case, gold confiscation was done to build a pernicious welfare state; in Nazi Germany's case, it was to build a pernicious warfare state.

>>23174366
>whether FDR, Stalin, or Hitler, hates gold
Bullish for crypto also fuck this philosemitic cunt

>>23174280
not only did they hand it over, recently gold was found in rare coins from that era and the american government confiscated it from the family

>>23174389

Hitler hated the Jews as a scapegoat. Meant he could present simple answers to the people about what was wrong with Germany, and offer himself and his socialist money-printing as the solution. Direct your hatred to the man who got 10 million Europeans killed with his warmongering, not to the scapegoat. By the way, crypto is a scam. BTC is literally controlled by the banks. Look into the ownership of Blockstream and the identity of Satoshi.

https://www.youtube.com/watch?v=XfcvX0P1b5g

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

>>23174502
why not both jpg

>>23174366
this point is extremely facile given that Nazi Germany’s recovery was fueled by Keynesian principles through the early 30s, then immediately faltered the moment Schacht was removed in favor of Goering, who torpedoed the economy. Schacht the Keynesian did not support massive military spending, while Goering did, and it’s doubtful Goering the retard even knew who Keynes was. Very scummy and dishonest of the Mises Institute to make this dishonest and ahistorical “argument”

>>23174502
>BTC is literally controlled by the banks
oh didn't read this part, hey peter

>>23174366
>You weren't a "goy" if you handed over your gold to the U. S. government

lol yeah you were

>>23174502
ah fuck you’re that guy who literally thinks Adam Back is satoj, I refuse to believe you’re a sincere person, someone must pay you to post here

>>23174554

Peter Schiff doesn't talk about Blockstream, Satoshi's identity, or the uselessness of BTC as a medium of exchange. Wish he did, because then he would be far more effective in debunking it.

>>23174601
>loves Jews
>hates Bitcoin

>>23174549

"A critical reassessment of deficit spending during the Nazi recovery reveals a surprisingly small role for macroeconomic policy. Both the descriptive evidence and the results from multivariate time series forecasts suggest that recovery from the Great Depression was mainly driven by a rebound effect that was visible in the data already by late 1932. Up to around 1936, the German recovery was no more advanced than that of Britain or the United States, where far less expansionary fiscal policies were followed. However, even in Germany the fiscal impulse generated by the budget deficit was too small to be consistent with Keynesian demand stimulation under an income/expenditure mechanism. In order to explain the very high, at times two-digit growth rates of GNP during the recovery, deficits would have had to be two to five times higher than they actually were. Apparently, recovery was due to forces other than fiscal and monetary policy, just as in the cases of Britain and the United States.

(1/2)

>>23174677

"Nazi recovery appears less spectacular than was hitherto believed. Our results also indicate that government spending was dominated by war preparation already in a very early phase of the Nazi recovery. I find little justification for the popular interpretation that recovery was sparked off by non-military work-creation and the construction of the autobahn network. Investment in the autobahn reached sizable magnitudes only in 1936. All these projects pale in comparison with the rapid build-up of military expenditure, except for the year of 1933 when rearmament had not yet really begun. To secure the desired high speed of war preparation, the Nazi administration took early, often draconian steps to crowd out private demand. The growth in consumer spending fell short of the increase in national product, and the contribution of private investment to the recovery remained unimpressive.

Strict control of private expenditure was partly achieved by maintaining taxation at the high levels reached during the depression years."

Albrecht Ritschl, "Deficit Spending in the Nazi Recovery, 1933-1938: A Critical Reassessment," Institute for Empirical Research in Economics, University of Zurich, pp. 16-17.

(2/2)

>>23174651

Does it not seem striking to you that the mainstream media absolutely loves Bitcoin? It's all you ever hear about. When, on the other hand, did you ever see a mainstream media source promoting physical silver? That's all that you need to know.

>>23174699
like you, Ritschl is both incorrect and ideologically motivated, deficits were far higher than officially recorded because they were deliberately occluded by Schacht. Spending on massive infrastructure projects generally comports with Keynesian principles so the mention of the autobahn is irrelevant and as previously stated the military expansion was opposed by the sole actual Keynesian present in the Nazi government

>>23174502
>By the way, crypto is a scam. BTC is literally controlled by the banks. Look into the ownership of Blockstream and the identity of Satoshi.
damn, you had some pretty based things to say before this dumb boomer shit. sad.

>>23174731
>mainstream media absolutely loves Bitcoin
proof?

>>23174792

You overlooked what Ritschl says, that recovery from the Great Depression is already seen in economic data from 1932. There was, therefore, no "recovery which was fuelled by Keynesian principles through the early 30s." (>>23174549) The quotations in my original picture, about starvation and rationing in Nazi Germany, are not from the Mises institute, but from Professor Evans of the University of Cambridge. He is a Marxist who is sympathetic to Keynes and state intervention, and has every reason to talk up Hitler's economics. It doesn't matter whether Hitler's advisers knew or did not know who Keynes was, the philosophy was the same. As the Keynesian economist Joan Robinson writes, "Hitler found a cure against unemployment before Keynes was finished explaining it." "It was a joke in Germany that Hitler was planning to give employment in straightening the Crooked Lake, painting the Black Forest white and putting down linoleum in the Polish Corridor." (Singh, 1994). Hitler abolished the gold standard, adopted an unconvertable paper money system, and built an economy based upon militarism, deficit-spending, and government intervention. That system led to ruin, both economic and in terms of an unprecedented loss of life. You cannot evade those facts.

>>23174860

Only boomers are gullible or naive enough to buy BTC at this point. You would have to be completely ignorant of the block-size debate; the censorship on /r/btc; the capturing of BTC by Blockstream; who Blockstream is; the endless forking controversies; the $100 fees and 3-day transaction times, when BTC got to $15,000; the failure of the LN ever to reach adoption; the failure of the LN to service more than 0.1% of the world population, even if it did get adopted; the total loss of privacy which second-layer solutions would demand, to purchase BTC. It's a moonboy cult which is propped up by Twitter hype, boomer ignorance, and tether-printing.

>>23174502
>Jews as a scapegoat
You are a stupid goy a kosher faggot.

>>23175380

No, I'm simply not indoctrinated into the ideology of a 20th-century German tyrant.

>>23174280
Straight from back when my grandparents told me about it

>they came door to door