/biz/ - Business & Finance

>>49836913
dude because kikes want to breed out whiteness and ensure I am unhappy and prospectless

>>49836913
Because that would be good for people and they seek to control us not help us

>>49836959
based

>>49836913
>why doesn't the central bank become less competitive in debt markets for the most consequential financial actors

>>49836913
>why don't parasitic ants be less parasitic to the slightly more productive goy ants

>>49837027
Uh, yes, that's correct. Easy credit for the wealthy just leads to rapid accumulation of assets by them. Easy credit for the poor and middle class leads to them being able to finance development that actually benefits the poor and middle class.

>>49836913

It's called arbitrage. Educate yourself.

>>49837279
>Easy credit for the wealthy just leads to rapid accumulation of assets by them.
not true. you people seem to think you can just outlaw debt and that will be it. if you don't offer it, they will find better rates elsewhere and then their liquidity is gone, making you poorer and whoever's offering better rates richer. you can't beat debt

>>49837347

>>49837074
Your pic related picture has no sources

>>49836913
>why is the price charged for loans higher for riskier loans and cheaper for safer loans?

>>49837432
>the abolition of competition means i can't lose
ok undersecretary feder, good luck with that

>>49837432
Ludvig Von Mises indeed makes a point in stressing that the most popular slogan of the Nazis, was this against interest, and it rhymed pretty well with the Bolsheviks too.

Read more: https://mises.org/library/causes-economic-crisis-and-other-essays-and-after-great-depression/html/p/450

>>49837450
It literally says "TIME, June 11th 1965". You need sources to believe parasites exist? Every species has parasites, it makes sense that a species which evolved to leech off humans would be of similar intelligence.

>>49836913
People will go elsewhere.
Look at paypal, bitcoin etc.
People wanted something central banks refused to provide. The found it elsewhere.

>>49837508
They didn't "abolish" interest, Feder was an economist before the NSDAP existed and although their economic policies were based roughly on his work, he never held a high up position in the NSDAP. Interest and usury are slightly different, one can be legitimate under certain circumstances, the other cannot.

>>49837532
>Mises
>muh Nazis were commies

Yawn.

>>49836913
>>49836959
>>49836982
>>49836983
>>49837027
>>49837074
>>49837279
>>49837347
>>49837432
>>49837450
>>49837485
>>49837508
>>49837532
>>49837544
>>49837566
>>49837585
>>49837597


None of this retardation matters.

#1. Central banks don't loan to individuals (as of right now). They loan to the government or banks. Commercial banks loan to individuals.

#2. The only answer to OP's retarded question is arbitrage. If a commercial bank is charging me a 3% rate on a $1M loan, but charging rich people 5% on a $1M loan. Then I'd just take the loan and then lend out the money to a rich person at 4%. It's free money.

>>49837585
Interest vs usury is like trying to define price going

>>49837585
usury in the natsoc context is made-up cope to propagandize the shitty terms of versailles, central banks setting lending rates is a completely different beast that has everything to do with international competitiveness in finance. also nazi monetary policy assuredly did not rely on feder, it was a long continuation of schacht's keynesian approach following his stabilization of hyperinflation using the rentenmark, which happened years before the nazis took power. during the nazi era schacht became the president of the reichsbank and also the minister of
finance, he called the shots and he mastered debt extremely effectively

>>49837657
Schact was in charge of the bank before and during the Weimar hyperinflation and was on the payroll of the international bankers. I'm not entirely sure why Hitler kept him around because he didn't much like him, and Schact was strongly opposed to every successful policy Hitler enacted. He was basically the annoying voice at the back of the room saying "neigh" that nobody really listened to.

Where do people get this "Schact fixed stuff" shit from?

>Despite objections from Hjalmar Schacht, president of the Reich’s Bank, Hitler withdrew Germany’s money system from the gold standard. Gold was the recognized medium of exchange for international commerce. Over centuries, it had become a commodity as well. Financiers bought and sold gold, speculated on its fluctuations in price, and loaned it abroad at high interest. Hitler substituted a direct barter system in foreign dealings. German currency became defined as measuring units of human productivity. The British General J.F.C. Fuller observed, “Germany is already beginning to operate more on the concept of labor than on the concept of money." 33

>In 1938, the Soviet diplomat Kristyan Rakovsky commented on the German money system. Rakovsky had held posts in London and in Paris and was acquainted with Wall Street financiers. He explained, “Hitler, this uneducated ordinary man, has out of natural intuition and even despite the opposition of the technician Schacht, created an especially dangerous economic system. An illiterate in every theory of economics driven only by necessity, he has cut out international as well as private high finance. Hitler possesses almost no gold, and so he can't endeavor to make it a basis for currency. Since the only available collateral for his money is the technical aptitude and great industriousness of the German people, technology and labor became his 'gold'.... As you know, like magic it’s eliminated all unemployment for more than six million skilled employees and laborers." 34

>>49837657
>>49837760
>“The frequent argument that Hitler found the unemployed population work and bread solely through a massive build-up of the armed forces is untenable, when the actual statistics are examined,” the historian Ralf Wittrich observed. 127 Schacht confirmed this when he stated, “The elimination of unemployment in Germany... succeeded without rearmament." 128

>The German Labor Front launched the annual Reich’s Career Competition in 1934. Half a million boys and girls, 80 percent of whompossessed but a rudimentary education, displayed their skills in trades and crafts. The best-scoring contestants received financial grants to pursue higher learning. An awards ceremony took place in Berlin, where national winners posed for photographs with Ley and Hitler. Schacht, who opposed the allotment of state funds to advance the lower classes, demonstratively declined Hitler’s invitation to attend the function. Local and regional competitions broadened the percentage of winners and further publicized the program. The number of children taking part grew annually. In 1938, 949,120 girls and 1,537,373 boys competed. The DAF awarded RM 527,000 in scholarships that year. 137

>An especially harmful characteristic of this subversive resistance movement was that its leaders tenanted sensitive positions in public office and in the military. Major players included Leipzig’s Mayor Carl Goerdeler, Ribbentrop’s subordinates Baron von Weizsäcker, Ewald von Kleist-Schmenzin and Erich Kordt, and chief of military intelligence Admiral Wilhelm Canaris. They and their fellow conspirators knew that Hitler was too popular for them to incite a national insurrection against him. They sought assistance beyond Germany’s borders, from England. The subversives established contact with British politicians in June 1937. With Canaris providing a smoke screen, Goerdeler covertly travelled to London using foreign currency provided by the banker Schacht.

>>49837657
>>49837760
>>49837875
So tl;dr Schact was a literal traitor to the NSDAP, funding other traitors to go meet with allied leaders to convince them a coup was a certainty, opposed every successful policy Hitler put in place, was relegated below Reinhardt and Ley in terms of economic influence, was a known "international banker", and oversaw the worst economic period in German history, and probably world history.

Sounds extremely effective to me.