/biz/ - Business & Finance

I’ll give you some inflation kiddo

*rips a big fart*

>>24582289
So how do children from low-income families get a good education then?

>>24582328
former poorfag here, i joined the military for 4 years and used the gi bill

>>24582328
They can go to community college and take out a loan for university after that.

>>24582289
>no more loan payments
>more money to spend

go figure

>>24582289
thats the point. boomers arnt happy with their 1,000% gains on the house. they need more

>>24582289
Just cancel the interest rates. Holy shit. Canceling the actual debt is insane. I researched degrees with ROI, chose colleges ranked lower than I could have gotten into -- including denying ivy league prospects, worked so hard to pay mind off and now a bunch of clown kids want to increase the national debt 80000x because they couldn't figure it out. I'm first generation college.

You should NEVER take debt if you can't pay it back -- and it's not the job of the federal government to save your from your own absolute failures.

>>24582289
Not necessarily in the short run. Graduates having no money won't change when their debt (which they weren't paying) goes away. Their credit will be ruined and getting a mortgage won't be any easier.

$1000 per ZORA edition

Zoracles’s mission is to solve the oracle problem by providing private/confidential DeFi data to smart contracts.

https://etherscan.io/token/0xD8E3FB3b08eBA982F2754988d70D57eDc0055ae6

https://info.uniswap.org/token/0xD8E3FB3b08eBA982F2754988d70D57eDc0055ae

Zoracles targets
>confidential credit checks
>derivatives
>enhanced price feeds

Tokenomics
>marketcap: $3.8m
>total supply: 10,000 ZORA
>circulating Supply: 5,500 ZORA
>anon team and privacy based
>governance + more token
>there was an allocation for early supporters, developers, strategic partners, advisors, and others. Each allocation depended on the individual or group and what they brought to Zoracles.
>liquidity locked
>team lock coming in a few weeks with the 2.5 upgrade
>governance is built and ready to go

PR
>https://www.youtube.com/watch?v=Gr53odt3EXo
>https://v2.unicrypt.network/pair/0x18112DA8f2D6576926fCfb4D2c511Fe9C6F8b2B5
>medium.com/@deusfinance/oracle-partnership-of-zoracles-and-deus-finance-48790082434a
>bloomberg.com/press-releases/2020-11-23/zoracles-launches-snarks-as-a-service-for-confidential-credit-checks
>news.yahoo.com/zoracles-develops-next-generation-oracle-093003499.html
>newsbtc.com/press-releases/zoracles-transforming-defi-oracle-data-with-zero-knowledge-proofs

Links
>https://zoracles.com
>https://zoracles.com/whitepaper.pdf
>https://zoracles.com/position.pdf
>https://zoracles.medium.com/zora-2-0-upgradeable-token-401c651b96cc
>https://medium.com/@zoracles/zoracles-protocol-5717afa443c5
>https://github.com/zoracles
>https://zoracles.medium.com/
>twitter - z0racles
>discord - cwJtkga
>telegram - zoracles

>>24582391
thats the other part. it will encourage people to take out future loans they cant repay under the asumption the govt might cancel this one too

>>24582384
You know inflation almost exclusively hurts poor people with no assets right? The rich own real estate which increases with inflation. Stocks also do alright. Gold/btc does really well.

>>24582391
I wouldn’t even cancel the interest rates, someone takes out a loan they should pay it back.

>>24582472
right, i said they werent happy with their 1,000% gains on their real estate and 401ks. gotta inflate it more

If I were an American, I'd be taking out a $10k student loan and dumping it into BTC and ETH right fucking now. Free money

>>24582289
She does not know how to check'em

why are they trying so hard to start hyperinflation?

>>24582536
Fuck thought you were being sarcastic

>>24582328
You can graduate from a community college without any debt at all, study a real degree, get the proper certifications and you'll be almost on the same level as everyone else excluding the very top schools and companies

>>24582351
>bomb sandnigger villages for making jews even richer off oil

>>24582553
Based.
The government also gives you 6k a year if you’re black or poor.

Most high income people have student debt. Cancelling this would help them out even more. Weird how the libs haven’t figured out this is essentially a regressive tax.

>>24582687
Yeah but who the fuck wants to be a 99%er? I would gladly take out a 100k loan if it meant that I had a chance to attend a T10/Ivy League school in America. Those degrees are worth their weight. Things you anons may not know about ivy league degrees
They immediately put you into a higher salary band than everyone else, just for having them. I have two examples here, the most prominent one is a major global retailer. If you were to apply to this retail company and you have an ivy league degree (and you're a new grad), you immediately get brought on board as a L3/L4 employee. Further if you have a MBA you start out at L4 out of the gate. (L3/L4 is Management Level / Senior Management or Senior Individual Contributor or Senior II Individual Contributor). Everyone else who gets hired? Starts off at L1 right out of college.

>>24582391
this goy is right, only permaStarcuck baristas will deny this.

>>24582775
It's not necessarily true.

You're in a higher salary rate based on your connections. Ivy Leagues are predominantly dedicated to the rich for the rich. You already have those connections by birthright. If you get accepted on merits -- you're still an outsider in the world you graduated into.

Capitalism is a system for cronies based on nepotism. If you're still naive and don't understand you can't just become a 1% through hard work and dedication, you're ngmi.

>>24582620
great reset

>>24582775
Why would you want to work somewhere that gives senior management positions to kids right out of college? Sounds like a shit company.

>>24582289
Probably not. On a personal level I don't really give a shit, but it's also ridiculously unfair for people who paid off their student loans

>>24582825
So just set up your kid to be part of the 1%. No excuse.

>>24582391
low IQ take. lenders take on risk when they lend, it’s their responsibility to evaluate that risk. the issue is that student loans can’t be defaulted on which means lenders gave out money indiscriminately. if you lend your drug addict buddy $100 and never see it again you knew the risks and it’s your fault for being retarded.

This is one point that I haven't been able to find a good refutation for:

WHAT OTHER INDUSTRY CAN YOU TAKE OUT 90K IN DEBT WITH NO INCOME OR HISTORY OF INCOME

>>24583713
dude the worst part is the lender is the government and Navient and these debt-managment companies only manage it and bear no risk but are raking in billions.

>>24583772
debt servicing companies* i think thats the term

It’s unfair for everyone who paid for tuition out of pocket. I want my fucking money back!

>>24582869
It was and still is a shit company.

And the name of that company? It's Wayfair.

>>24582958
How does the govt essentially printing money to cancel this debt not cause inflation?

>>24582289
You lend someone money for feminist dance studies, you lose money. Simple

>>24583713
You and another anons are not seeing the bigger picture and are thinking on a 2d level when student loans are 5d-6d at a minumum.

Let's look at this way. Student Loans grant Degrees which are self reinforcing. Degrees give a chance at entering a company to get a job in order to make a salary. Now the thing is, the government knows that you need to eat and they also know that people with degrees are going to select other people with degrees in order to trick themselves into thinking the paper has value. It's an ego thing. But wait there's more. Not only does the government make interest off your student loans for 20 years (unless you pay them off sooner, most people don't) They make additional money off you for allowing you the opportunity to get a job. That's right. You pay taxes on your salary and your company pays 3 forms of tax on your salary, payroll, social security and corporate tax generated from the revenue you create for them. There's no escape goyims.

>>24582775
There it is, the dumbest fucking thing I've read all day.

>>24583891
You have to be 18+ to use this board. You also need a college degree to understand the financial system.

NGMI

>>24583879

>>24582351
fuck off retard you make things only worse
>>24582328
college is a meme to make money from retards its an entire business complex
if you notice your children have talent in something give them a math book and they will learn by themselves if they are truly motivated
let them be friends with like minded people
in the age of the internet schools are an archaic remnant from the past

>>24583879
yes i know. the problem is the debt is backstopped by making us unable to default when really it should be backstopped by the government.
the solution to it is actually really simple, the government should pay for post secondary education. people will cry about hyperinflation but the amount of money it would take is a drop in the bucket compared to how much they’re already printing.
they won’t pay for it of course because there’s no incentive for anyone with power to do that.

>>24582328
Research the job market and don't get a meme degree.

>>24582289
College being expensive is a meme. If you do 2 years in community college and transfer to your state uni, you get out for ~$20k.

But zoomer faggots don’t want to do that. They want the college “experience”. They want to go straight to a 4 year university (an expensive private one!) and join a fraternity and take “summers abroad” courses at $7k a pop.

>>24583996
the loans should have never been made in the first place. They're bad and prederatory loans.

there's no cancellation they're just paying the banks back with your taxpayer money instead
guess that might deflate currency a bit

>>24582289
Probably. But changing those payments into disposable income probably won't change spending habits much

>>24582289
Tomochain fixes this.

>>24582391
Sorry cuckboi, I pay the min balance on my student loans waiting for a bailout. I literally don't care about it, cause one day *poof* it's gone. Besides, I pay taxes just like everyone else, bout time I get something back

>>24584063
they are and they’re only made because lenders know they Can’t be defaulted on. the debtors are essentially indentured servants. like i said, the solution is for the government to pay for it.

>>24583802
It's not the same thing as printing money. The money supply does not increase when you cancel debts.

>>24584298
Well they have to balance out the treasury somehow. If the govt suddenly has 1.4 trillion less assets they have to pay that off.

>>24584137
It will probably inflate the housing market, that’s the big thing people put off when they’re in to much student loan debt.