/biz/ - Business & Finance

Because wagies are getting paid too much.

Between things either sucking or blowing, they decided they like things that blow. Also the universe favors inflation, so idk, maybe there's a logical reason for it because of the universal expansion, the universe is accommodating in its size to allow for Jews to fit their greed into the physical universe.

>>49389559
i hope cat gets down safely

>>49389559
someone help him

>>49389559
short answer the jews
long answer in 1913 ...

oil prices

but in general a small amount is good to encourage spending

the US got greedy as fuck and Covid/Ukraine war pushed us over the edge. we're at the fucking financial limit right now, this year will tell where we go

>>49389609
how do oil prices, covid measures and wars affect inflation exactly?

>>49389630
They…T-They just do OKAY?!?!?

>>49389609
covid-supply chain inefficiencies,stimulus(money printing)
oil prices-the price to transport near every single good
wars-more supply inefficiencies. Take the Euro Russian oil sanctions. India is buying that same oil and selling it to Europe at a markup.

It's literally only central banks printing money.

It's fucking INSANE that people deny this.

>>49389702
>oil prices-the price to transport near every single good
>wars-more supply inefficiencies. Take the Euro Russian oil sanctions. India is buying that same oil and selling it to Europe at a markup.
Is that really inflation? Those are specific producta that get more expensive becasue of production and distribution costs. I thought Inflation is rising prices on every good

>>49389559
>Why do we have inflation?
ACTUALLY IT'S CORPORATE GREED

>>49389758
Those things raise the price of nearly every good in practice.
it's not just money printing

>>49389591

>>49389559
We have inflation because interest rates are too low, so we have to raise interest rates to force the population to spend less
.t head of the federal reserve ama

The state of 4chan worries me. How are you guys so dumb and uneducated?

Inflation can be seen as necessary evil (just like friction).
Imagine you knew that 1 dollar tomorrow can get you more goods compared to a dollar today (thats what bitcoin does btw).
You wont spend your dollar today but wait for it to increase in value to buy you more goods. Since there is no inflation you wont event invest that dollar.
Eventually the economy goes into stagnation and everything collapses.

Now Dont get me wrong. I’m not saying todays condition is good, I know its fucked up and inflation is high above the required threshold.

But it is high today because fed printed money during covid to sustain you fuckers homeless people who dont work and they were basically giving you unemployment benefits.

That printing of money is one of the reason you fuckers made so much money during the crypto/stock market rally in 2021.

Just read some economics guys.
This place is so funny and dumb, you guys dont even think about anything deeply and just start crying about stuff which society tells you to cry about lol.

>>49389890
>Inflation can be seen as necessary evil (just like friction).
>Imagine you knew that 1 dollar tomorrow can get you more goods compared to a dollar today (thats what bitcoin does btw).
>You wont spend your dollar today but wait for it to increase in value to buy you more goods. Since there is no inflation you wont event invest that dollar.
>Eventually the economy goes into stagnation and everything collapses.

This is keynesian propaganda and it's been refuted by Austrian school economists and our current economic reality.
The deflationary spiral is a myth.
Deflation is good.

>Just read some economics guys.
>just read my establishment statist propaganda guys and don't look up alternative theories
You people are simply wrong. Look at the world around you.

>>49389890
You are the completely retarded one.
Any bit of artificial inflation is just here to incentivize you to spend in order to acquire what you don't really need, as you wouldn't buy it naturally in the first place if the artificial motivation wasn't there.
Same in reverse for artificial deflation, anything deviating from money being a neutral medium of exchange representing the current state of supply & demand in order to better distribute resources is a distortion.
You don't create propsperity by scratching paper and manipulating market you absolute simpleton, you create bubbles.

>>49389886
This guy fucks

because they are ratcheting up the price of oil, which effects nearly all input and transportation costs. every other explanation is a lie. oil is the lever which moves prices.

>>49389890
>inflation is le good
>imagine if ur dollar today is worth more tomorrow! everything would stagnate!!!
midwit consoomer cattle take
you still need to eat
you still need to live somewhere
you still need shit like electricity/internet/transportation
there is a basic floor of needed money circulation that cannot be stopped because you cant decide to not drink water for 2 weeks because you can buy more of it later
the only stuff that would suffer is would be unnecessary consumer goods
yearly phones
(((designer))) clothes
monthly subscriptions
all shit that zoomers and retards want to have because it makes them "feel good" would die out instantly

>>49389702
>covid
stop

>>49389890
>Inflation can be seen as necessary evil
stopped reading here. you're terribly misguided.

There are two basic causes of inflation: increased money supply and/or decreased production.

Increased money supply is obvious. It means you have more dollars chasing the same number of goods and services. Decreased production seems to be less commonly understood. It means you have the same amount of dollars chasing fewer goods and services.

Unfortunately, we are experiencing both right now.

American inflation is further confused by a lack of understanding what America is. The case can be made that anywhere dollars are used is a part of the American economy. That means any country that uses dollars for oil purchases, financial reserves, or international settlements is a part of the American economy. This explains partly why as the American economy goes so does the world.

jews

>>49389559
Because you touch yourself

>>49390496
should I stop?

>>49389559
i don't like this image

>>49389595
He got up there, he is going to manage to get down again

>>49389572
Because venture capitalist parasites and their shareholders are getting paid far, FAR too much.

>>49389890
>the 2 trillion dollar stimulus went entirely to homeless people that don't want to work, not the business owners and private citizens that defrauded the government's PPP program that had all accountability and transparency controls nuked by Trump before it was instated, allowing fraud to take place after the initial screening.

>>49389746
this. Increase in monetary supply, the consequences may be delayed but those units of currency from stimulus/QE eventually end up chasing a limited amount of goods that pushes prices higher (consequence of inflation)

>>49389559
Trillions and trillions of free money from the fed.

>>49392123
just rebuild the gutted manufacturing industry in the US. One free gas mask and first 3 filters free for every Legal White citizen of 18 years of age and older.

>>49392173
>just rebuild the gutted manufacturing industry in the US.
Not gonna happen without stopping all of this money printing.
In order for money to flow into maufacturing, it first needs to be taken away from the bubble economy(stocks, crypto, housing, speculative shit)

>>49389595
>no

>>49389890
That is just a bunch of fallacies

how did he get up there?

>>49389630
Because the world runs on oil faggot.

>>49389559
It’s planned by literal butt fucking sodomite satanic pedophiles just like everything else the elite do.

>>49389761
could you explain me that chart?

>>49391334
No.

>>49389559
>Why do we have inflation?
everybody want more then the others, so the bullhshit start an upward spiral!

>>49389890
>Eventually the economy goes into stagnation and everything collapses.
just like what happened for hundreds of years with a gold standard in the US, right?

>>49389746
You are wrong. All money is created by private banks issuing loans. Banks create new, digital money to lend AFTER the borrower signs the loan contract. Banks create new money with no need for prior reserves or deposits.

The 12 Federal Reserve banks also have money creation powers. Each of the Federal Reserve banks is private corporation, owned by its member banks.

proofs available at
bank°LIES°dot°ORG

>>49392492
it's a joke chart to mock leftists that think inflation is caused by "greed"

Inflation is caused by too much money creation. All money is created digitally by private banks issuing loans. Government gets all revenue from taxation and borrowing. But all the money used by government is created by banks issuing loans.

Private banks lending creates inflation, not government.

Proofs at:
bankLIESdotORG

>>49389609
Hahaha Putinflation and I right guys?!? Hahaha biden said so, it must be true lmao damn russians hahahaha

>>49392591
>All money is created by private banks issuing loans
Which is dependent on the federal reserve's interest rate.


>>49392626
>Private banks lending creates inflation, not government.
Retard, the entire system was created by government.
Calling the fed a "private organization" is retarded when it was created by the government.

Private banks create all money, not government. Inflation is caused by too much money creation. Therefore, private banks are responsible for inflation.

bank°LIES°dot°ORG

>>49392634
There are thousands of interest rates, but only on is set by the Fed (The Fed Funds Rate). The Fed Funds rate was near zero for the past 18 months while 30 year mortgage rates rose from 2.5 to over 5%. You are repeating the myth that the Fed controls the money supply and controls all interest rates. This easily proven to be nonsense.

Yes, some corrupt senators created the Federal Reserve system in 1913. And ever since then, the entire money system has been controlled by private banks. Private banks create all money, NOT government.

>>49392634
Here's a link to a 15 minute interview with Jerry Nelson, spokesman for the Chicago Fed. He openly admits that the 12 Federal Reserve banks are PRIVATE CORPORATIONS owned by the banks in their districts. And he openly admits that these private corporations can create new money out of thin air:

(Skip to 4:17 to hear his admissions)
https://www.youtube.com/watch?v=6N-8DyPoNgU

All money is created by private banks, not by government.

>>49392709
>You are repeating the myth that the Fed controls the money supply and controls all interest rates.
They control the prime rate. Everyone knows this.
The entire economy is dependent on this rate.

>the entire money system has been controlled by private banks
The fed is not a private bank. It is controlled by the US government.

>Private banks create all money, NOT government.
Wrong, they can only due this due to government intervention.

>>49392840
are you implying that commercial banks literally run the world?

>>49389559
read this book
https://www.bitchute.com/video/qpHUPMyXBic0/

>>49392840
>12 Federal Reserve banks are PRIVATE CORPORATIONS
This is completely fucking irrelevant to anything.
"Private companies" created by the government and given special powers are still a government entity.

>>49392634
>Calling the fed a "private organization" is retarded when it was created by the government.
the federal reserve has shares, owned by several different US banks, where the PROFITS from the Fed go to them
you dumb fuck

>>49392841
I just posted a video of a Federal Reserve spokesman admitting that the 12 Federal Reserve banks are private, bank-owned corporations with money creation powers. See above! 49392840

And here's one of many court cases where US Courts ruled that the 12 Federal Reserve Banks are NOT agencies of the US Government.

Here's am admission by the Minnesota State Auditor. He says the Federal Reserve Banks are required to pay property taxes because they are NOT government agencies. (Governments do not have to pay property tax, but the Federal Reserve Banks do!).

bankLIESdotORG

>>49392947
>the federal reserve has shares, owned by several different US banks, where the PROFITS from the Fed go to them
The profits need to be paid back to the US treasury you absolute fucking retard.
Also NONE of this matters, because it was created by the government.
The problem is the government.
You fucking retards want to give the state more power. Kill yourself.

>>49392953
>I just posted a video of a Federal Reserve spokesman admitting that the 12 Federal Reserve banks are private, bank-owned corporations with money creation powers.
Literally none of this refutes my point. It's completely irrelevant information.

>And here's one of many court cases where US Courts ruled that the 12 Federal Reserve Banks are NOT agencies of the US Government.
I KNOW!
You're still a retard who defends central banking.
>BRO WE NEED CENTRAL BANKS TO BE CONTROLLED BY THE STATE LIKE EXISTS IN THE EU, WOULDN'T THAT BE BETTER?

In 2014, Richard Werner published the first empirical study of the money creation mechanics. He proved that banks create new, digital money out of thin air when they issue loans. He concluded that over 97% of the money supply is created by private banks lending.

Therefore, private banks cause inflation, NOT GOVERNMENT.

bankLIESdotORG

>>49392940
it's a private corporation
that sets rates that work best for them, for bank profits
and have been involved in bail outs for numerous banks
they literally have no liability to anyone, and control the entire US economy

>>49392841
>The fed is not a private bank. It is controlled by the US government.
L M A O
you are such a goddamn ignorant dumb fuck
they're independent
they can set any rate they want
they're entirely separate, given total power and control to a private entity that makes and issues all money, with all profits they make going to the bank share holders

AFter Richard Werner proved that banks create all money (not government) the Bank of England was forced to admit he was correct.

Here's the 2014 study by the Bank of England called, "Money Creation in the Modern Economy." They openly admit that private banks create new money out of thin air after the borrower signs the loans contract.

bankLIESdotORG

>>49389579
We care about your buttholes and appreciate your continued dilation

>>49393016
>that sets rates that work best for them, for bank profits
The profits have to be paid back to the US government.
It was created by the state.
How is more government control the solution here when government control is what created this problem?

>>49393034
>you are such a goddamn ignorant dumb fuck
LMFAO
You're such a brainwashed fed bootlicker.
Kill yourself.

>>49392841
Here's a short video (less than a minute) of Former Fed Chairman Allen Greenspan. He admits that the Federal Reserve is completely independent, and can't ne overruled by any other government agency.

https://youtu.be/Xbq1QkPuR0w

Private banks create all money, not government.

bankLIESdotORG

bankLIESdotORG

>>49393078
I hate the FED
but you're the one talking about it in a way that's not fucking true about how it's government controlled
it's not a government entity
it's a private bank
and it needs to be destroyed

>>49389559
To create sell pressure so the currency actually gets used and circulated by those holding the most instead of just hoarding it as a store of value while their country/economy collapses around them.
Though the rich just end up using it to buy assets and land/real estate that ends up beating inflation while the poor get poorer anyway.

>>49393117
>I hate the FED
You fucking LOVE THEM and want to give them more power.
You love central banks and just want the fed to be completely nationalized, which would actually make things worse because congress would have more control over them and print more money.

>>49393113
>He admits that the Federal Reserve is completely independent, and can't ne overruled by any other government agency.
I know.
Why do you keep telling me things I already know.

>Private banks create all money, not government.
Through government intervention, you massive retard.

What do you say about other places like the EU where the ECB is owned by the state?

>>49393151
>"destroy the FED"
>you LOVE THEM
>you want the fed to be completely nationalized

>>49393171
I'm not wrong.
You unironically think more government intervention is the solution lmao
I'm sure europe is doing better.

>>49393201
>You unironically think more government intervention is the solution lmao
done with you
i'm not wasting my time talking to the mentally retarded with zero reading comprehension

>>49389559
>Why do we have inflation?
People don't trust that the value of money will hold in the long term so they get rid of it as soon as possible. Even if it means buying tuna cans. Trust me, I'm from Argentina, I know all about inflation.

>>49393212
>i'm not wasting my time talking to the mentally retarded with zero reading comprehension
At least you admitted you lost, leftoid.

>>49393256
Milei will win!

>>49393151
Think about it: if government could create their own debt-free money and spend it into circulation, why would there be any National Debt at all? Obviously if government could create their own money there would be no government debts.

You are missing the point: private banks create all money, NOT government.

Even in the European countries where the central banks are state-owned, this is true. Richard Werner studied this and found that over 97% of the money supply is created by private bank lending. The small, remaining 3% is something that called "bank reserves" that never circulate as money.

Bank reserves are a created by central banks, but don't circulate as money. All circulating money is created by private bank lending.

Take a minute and read the documents I've posted. These are important admissions by the Library of Congress, Federal Reserve, US Treasury, Bank of England and others that prove what I'm saying.

>>49393547
>why would there be any National Debt at all? Obviously if government could create their own money there would be no government debts.
Of course, but inflation would be at a much higher level. Why don't we just abolish central banking and fractional reserve banking entirely?

>You are missing the point: private banks create all money, NOT government.
Even if this is true. This system is the result of government intervention, not the free market.

>Richard Werner studied this and found that over 97% of the money supply is created by private bank lending.
At interest rates determined by the ECB.

>Take a minute and read the documents I've posted. These are important admissions by the Library of Congress, Federal Reserve, US Treasury, Bank of England and others that prove what I'm saying.
You aren't proving anything. You're just a braindead MMT clown that wants to massively increase inflation and make us all starve to death.

>>49389559
jews

>>49393608
>Of course, but inflation would be at a much higher level.

You don't know what inflation would be if government created all money. Neither do I, because it would depend on a lot of variables. I am not advocating government-created money; I am exposing the FACT that banks create all money, NOT government, and therefore BANKS create all inflation, NOT government.

>Why don't we just abolish central banking and fractional reserve banking entirely?

You are confused. First of all, banks create all money with no need for reserves, deposits OR central banks. If central banks vanished overnight, we would still have a money system controlled by private banks.

The Fractional Reserve model is a hoax that doesn't exist. Richard Werner proved this in 2014. The Fractional Reserve model pretends that the money being lent must exist in an account somewhere before the borrower arrives. In fact, the money loaned by banks is created digitally AFETR the borrower signs the loan contract. The Fake Fractional Reserve model protects banks from blame by pretending they are unaware of their role in inflation, recessions, depressions, hyperinflations, etc. In fact, bank owners are fully aware that they create new digital money out of thin air.

>This system is the result of government intervention, not the free market.

Government participates by forcing us at gunpoint to use bank-created money. Yes, government is involved. But this doesn't change the fact that ONLY BANKS create the money, not government. For example, if I forced you at gunpoint to buy my grandmother's cookies, it doesn't mean I am baking any cookies.

>At interest rates determined by the ECB.
That is a myth. The interest rates we encounter the most as consumers are set by private banks, NOT the central banks. These rates include credit cards, home mortgages, business loans, and auto loans.

>You're just a braindead MMT clown
Nope, I hate MMT.

>>49394453
>You don't know what inflation would be if government created all money.
We know from history what will happen. Every time governments do this, inflation spirals out of control.
There should be no central banking or fractional reserve banking. There should only be free banking.
>and therefore BANKS create all inflation,
This isn't even true. Both create money but the fed for example created a fuckton of money through QE the past 3 years.

>If central banks vanished overnight, we would still have a money system controlled by private banks.
Yes though FRB
>The Fractional Reserve model is a hoax that doesn't exist.
Wrong. It's how banks create money.
>But this doesn't change the fact that ONLY BANKS create the money,
Through government intervention. This system didn't exist in the past.
>The interest rates we encounter the most as consumers are set by private banks, NOT the central banks.
The prime rate is determined by the central bank.
>Nope, I hate MMT.
You're just some schizo with insane esoteric economic views nobody has heard of before.

>>49394558
Your answers show that you:
1) Don't know what you're talking about
2) Are unwilling to learn anything new or correct your errors
3) Ignore facts
4) Haven't read any of the countless proofs I've posted

>Both create money but the fed for example created a fuckton of money through QE the past 3 years
The Fed has 3 parts: the Board of Governors, the FOMC, and the 12 Reserve Banks. Of these 3, ONLY THE 12 RESERVE BANKS create money out of thin air. And guess what? I've already given 3 proofs that the 12 Federal Reserve Banks are private, bank-owned corporations with money creation powers! So when you are saying "The Fed is creating money," you are actually agreeing with me that PRIVATE BANKS create money, NOT government.

>Wrong. It's how banks create money.
Nonsense. There has never been a single study proving the Fractional Reserve model exists. Richard Werner studied banks during the loan creation process and proved that banks are creating 100% new digital money with NO NEED FOR PRIOR RESERVES OR DEPOSITS. A link to his peer-reviewed paper is available at bankLIESdotORG

>This system didn't exist in the past
The present system of bank-created money has existed since being legalized in London, England in 1680. It quickly spread throughout the world since then.

>The prime rate is determined by the central bank.
No, the Fed sets the "Fed Funds Rate." But banks charge whatever interest rates they want. For example, in 2010 after the last crash, the Fed Funds rate was near ZERO, but my local commercial banks were charging around 5%. Study some charts instead of acting like a parrot and you'll see that the Fed has little control over most interest rates.

>You're just some schizo
I've provided supporting evidence for every claim I've made. You've provided ZERO proofs, but you rant like a hysterical woman. Which one of us is schizo?

>>49394558
Thanks for the fun discussion. I know I haven't convinced you of anything because you are probably incapable of understanding what I'm talking about.

But it gives me great pleasure to know that some smart dude may read our discussion and see that I proved my point (banks create all money, not government). And they will also see that I mopped the floor with your lowbrow ass.

Good-day, mate!

>>49395165
>Your answers show that you:
I don't care. You're a schizo.
>I've already given 3 proofs that the 12 Federal Reserve Banks are private
I already know they're "PRIVATE" lmao
They are still CENTRAL BANKS created by the government even if they are "private".
>NOT government.
Their profits are given to the US government.
Their goal is to provide money to the US government by buying bonds.

>Nonsense. There has never been a single study proving the Fractional Reserve model exists. Richard Werner studied banks during the loan creation process and proved that banks are creating 100% new digital money with NO NEED FOR PRIOR RESERVES OR DEPOSITS.
It doesn't fucking matter. It's fraud and would be illegal in a free banking system. The same system you seem to be opposed to.
>It quickly spread throughout the world since then.
There were many periods in history with what was essentially free banking and a gold standard.

Nobody has ever heard of your irrelevant theories.
Stay irrelevant cuck.
I think you should watch this.
https://www.youtube.com/watch?v=snX9I7c-o9w

>>49395215
>I know I haven't convinced you of anything
Anyone who supports central banking isn't worth listening to.
>banks create all money,
They don't create ALL money you fucking moron lmfao
and central banks are created by the government.

>>49389559
to enforce that the working class stays the working class

>>49390120
And even the shit products would have a price floor based on opportunity cost relative to essential food/shelter etc.

Keynes was a fucking moron.

>>49389890
i blame macroeconomics classes
keynes' retarded beliefs = the word of god
i know this because ive been there. the books are full of propaganda, it's horrible; you have keynesianism as the "main" theory, the rest are barely talked about
can't have a civilized discussion about inflation without some midwit barging in to teach you "basic economics" the way he learned about them on his macro 1 book

>>49389609
>a small amount is good
>covid/Ukraine
Good goy. Believe everything the media and government tell you.

>>49393307
>Milei will win!
I'm too old to have hope anon.

>>49395215

>>49389746
It is also an increasing world population. If you have a fixed money supply, then your currency would get too strong vs. others as the hegemony and nobody would import goods from your nation.
Anyway, you are correct. The central banks want EVERYONE to be poor and not only the late adopters (as in a ponzi like BTC). So BTC is a step up.

>>49395857

>>49395913

>>49395937
>>49395913
The US treasury should be allowed to create money.
LMAO Kill yourself
All central banking is a scam.
We need free market banking.
No one should be allowed to print money, nobody should be allowed to scam others.