/biz/ - Business & Finance

It's probably better to have a little bit than none at all.

>>30124055
Yes it is. The natural response is something similar to:
>Bu-bu-but the debt we have, we must manage moderate inflation of 3% to close our debt cycle.
However, chronic debt is also fucking stupid so the argument is moot and cyclical.

Inflation drives people to do something with their money by a penalty, deflation motivates people to accumulate the money by an increase in value

>>30124164
>>30124256
You people are idiots. Inflation in the time of Rome or Medieval Europe was a particular event in which coins previously minted as 50% gold alloy would be struck at 25% gold alloy - it was a single event which everyone could adapt to. Most importantly those who had the previous coins MAINTAINED THEIR VALUE because their old wealth was the exact same amount despite a 100% increase of inflation. This is completely different than today due to our use of fiat, massive chronic debt, and daily changes to inflation within a globalised economy of free-floating currency.

>He didn't hedge inflation

$CLF

>>30124489
Rome's economy was in shambles eventually and growth in the Medieval period was utterly pathetic.

the sooner you realize debt = wealth, the better off you'll be. I mean this unironically. leverage your bank account and acquire real assets.

>>30124164
shut the fuck up

>>30124256
Lol no one wakes up and says “I MUST BUY <thing> TODAY BECAUSE IN 5 YEARS <thing> MIGHT BE 10% MORE EXPENSIVE.” They buy it because they want it and feel like buying it. THATS IT. Any suggestion otherwise is just federal reserve cope.

>>30124489
You just described debasement, not inflation

>>30124712
Yes, and he probably doesn't know that happens even today.

>>30124164
No retard
Thats what they tell you in school so your not angery they steal from you
Inflation is what is killing the word
Its what causes people to spend money on cheap wastr shit


>>30124055
Yes
The worst lart is they even steal from asset holders through capital gains
>100% inflation
>asset rises 100%
>pay 25% as capital gains
>asset loses 12.5% value due to inflation

You are anon, you didn't start shit.
Stop with the stupid tangents that aren't about earning cash
this shillers never know cool project to advertise
>I don’t worry about it, have SWG and wait for swirge development

>>30124838
Oh, I'm aware that inflation (by currency printing) is in fact taxation. I'll still accept the argument that it's better that people are incentivized to invest their millions rather than just keep them in the bank.

>>30124164
Wrong
It’s better you don’t fuck around with my wealth
Inflation is literally a punishment for not consooming things you don’t need
And in 2021 the printer is out of control and it’s printing cantillionaire out of thin air, increasing wealth inequality and making all good assets and real estate unaffordable

>>30124190
This

>>30124619
>Rome's economy was in shambles eventually
>eventually
No fucking shit, a ~1,250 year empire eventually collapsed.

>>30124712
>>30124754
The debasement of coinage automatically results with inflation. Although debasement and inflation are different the debasement of gold coinage must result in inflation because of outstanding existent debt and the increased number of new coins entering the M1 supply.

>>30124903
How can anyone defend inflation - it boggles the ind to be so brainwashed to agree with big government, big business, financial elites, and (((experts))).

>>30124903
>Invest their millions
LOL more like so the printer can keep rolling and Yellen can keep sticking these newly-created dollars in her friends pocket while we pay the tax. The government says it want's people spending, but in reality keeping IR low is so then it does not have to service it's own debt. It can't let IR raise, even if it wanted to "cool down" the economy, because It is far too deep in debt.

How far down the rabbit whole of "Incentivized investing" do you want to go?

>>30124164
Ah little like below a half percent and i agree.
But especially assetinflation was 100 percent in 10 years even without corona, priceinflation maybe 30 percent in germany so we are way above that.
But you didnt deny it yes. And now imagine the inflation shock that comes now when people want to spend their money.

What was the reason for decoupling the dollar from gold? Was it a smart move in hindsight?

>>30125232
>Was it a smart move in hindsight?
nigger are you stupid or what

>>30125225
Its gonna be like when on some shitcoin the presale lock period ends and everyone wants to sell kek

>>30125188
>the debasement of gold coinage must result in inflation because of outstanding existent debt and the increased number of new coins entering the M1 supply.
Only if old coins aren't collected

>>30124164
So Inflation isn't the issue. The issue is that assets and prices are inflating and NOBODY KNOWS ABOUT IT. The official numbers say we haven't reached 2% and that's untrue, yet countless algorithms and professionals use the official CPI numbers in their calculations.

This is where the problem comes. The market has yet to price in the massive inflation that (((HAS HAPPENED))) and (((IS YET TO HAPPEN))), because the official numbers don't reflect this reality.

>>30124708
I don't totally agree with that anon, but that is EXACTLY why I started investing. When I started seeing charts of the USD going to shit after all these stimulus packages I didn't want to be stuck holding the dollar bag.

>>30125407
You sound very bullish for crypto.

>>30124055
It exist to protect the working class from getting rich.

>>30125188
Hmmm how many years has America's empire been around?

>>30125385
>Would you rather have 100,000 10-gram gold coins with FV $10
>200,000 5-gram gold coins with FV $10
The gubbmint sure loves the 200k

>>30124708
This guy is a shmuck. Inflation is a self-fulfilling cycle. People see prices go up, so they hoard. The next time it's in stock prices go up even more. More people hoard, etc.

>>30124547
Lmao weren't you at $1M+ what happened

>>30125505
I think things need scarcity+utility to have value. Scarcity isn't enough on its own. Eth or ADA or DOT might have a future, because they support these entire ecosystems that can potentially provide a ton of utility. However BTC or LTC or any other garbage who's use case is "Store of Value" is trash imo

>>30124903
>I'll still accept the argument that it's better that people are incentivized to invest their millions rather than just keep them in the bank.

nump

>>30125232
>What was the reason for decoupling the dollar from gold? Was it a smart move in hindsight?
With brevity, decoupling the USD from gold was necessary. However, the reason that the USD had to be decoupled was due to a failure of the United States Federal Government going back decades to the Bretton Woods Conference in which Keynes idea of “Bancor” was rejected. Bancor was to be an international currency basket in which no existing currency would be used for macroeconomic transactions between states – instead of USD, Pound Sterling, or German Mark. Simply, Bancor could be used as a neutral currency. Gold could be converted to Bancor – but, Bancor could not be converted to gold directly. Despite rejection of this concept – Bretton Woods carried on with massive international financial projects. The issue with this is that after the (((Second World War))) ruined the world economically, the United States of America was the only state capable of developing these massive financial projects AND the Federal Reserve was thus the “Lender of Last Resort” not just for the American economy but the entire Capitalist World (keeping in mind that the Cold War divided international markets). Thus, the entire public and private economy of the capitalist world relied upon the federal Reserve – not Bancor – for backing of all transactions. This was known to be an eventual disaster as early as 1940 – but, we went through with it in hubris. Although Gold did back the USD there was not enough gold to back the entire global economy booming after WW2. For that reason the USD had to be decoupled. It was a bizarre combination of post-War boom, fiat, metallism, and international hegemony. I recommend reading more about Bancor, the Gold Standard, and the results of converting to Fiat (Plaza Accord).

>>30126043
>With brevity

>>30126043
Thank you for the detailed reply

>>30126298
>With brevity, decoupling the USD from gold was necessary.
The short-answer is one (1) sentence. Did you read anything else that you would like to dispute as you did so above; or, perhaps your trolling has come to an end because you do not understand the concepts that I am discussing.

How's the weather in Tel Aviv you fucking faggot Juden?

>>30126549
No worries, brother.

>im so fucked up with from losing assets
>wish to die everyone who approaches me
>i see graphene AIRDROP soon
>i invest in PHR and receive some graphene tokens
>i get profit from sharding tech
>i fuck your mama underneath your bed

>>30126571
lol slow your roll bro

>>30126043
the most based post on biz