/biz/ - Business & Finance

>>52406057
God I remember buying that covid crash with sweaty palms. It is to this day the best financial decision I ever made.

>>52406057
That means the bottom is in

>>52406133
another one is coming soon :)

>>52406057
Is that volume in dollar terms or BTC terms...If BTC was worth 1/4 the value during the covid crash of what it is now doesn't that mean that the volume during this dip is much lower in percentage terms...

>>52406163
This. No one is going to pass up on $15-$16K BTC. Institutional investors are slurping (which explains the volume) and you should too.

covid pump was fake. we're gonna retrace all of it and then some. you will laugh and point and call me stupid but bitfuck is going to 3 digits

>>52406057
anon that just means there were more buyers this time than during covid

>>52406223
> No one is going to pass up on $15-$16K BTC.
I feel like I’ve heard this before about $20K.

>>52406178
and this time the FED isn't pumping trillions into the fake markets, so the people will catch the falling knife and think they are going to pump back to ATH but we will officially enter a multi year depression.

>>52406221

in BTC terms. the dollar volume is orders of magnitudes higher

>>52406221
> literally billions of dollars in daily volume
what do you think retard ?

>>52406308

its 421,000 BTC in volume. thats 421,000* average price of the week which is about 16.3k.

This is Coinbase, no spoofing, no washtradig, highly regulated and audited, literally on the NASDAQ which requires extreme levels of regulation and scrutiny even private unlisted company dont require, and its on the USD pair, not the USDT.

>>52406265
this
nobody understands how the economy works
they think a bunch of joe schmoes just bought BTC with their wagie bucks all the way up to 69k kek

>>52406057
it's over

>>52406295

actual volume in terms of dollars was higher in May

OP is baiting you

>>52406343
>>52406265
It's pretty funny how leftists actually think that crypto, stocks, housing all magically went into a massive bubble, the biggest in history and that the money printing they support had literally nothing to do with it lmao

>>52406342
if you trust something because it's on muh NASDAQ you are gonna get burned

>>52406361

You're a fucking idiot. the most BTC volume ever recorded just happened.

Cool and all but whi is it still so high then, 16500

>>52406377

faggots like you:
>NO IT DOESNT COUNT ON BINANCE ITS ALL WASH TRADING, 0% TRADING FEES AND CHINK USDT

also faggots like you:
>NOOO COINBASE DOESNT COUNT DESPITE ELIMINATING ALL THOSE FACTORS BECAUSE THE JEWS1!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>52406391
>NOOO COINBASE DOESNT COUNT DESPITE ELIMINATING ALL THOSE FACTORS BECAUSE THE JEWS1!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>52406390
>below 2017 bullrun ATH
>still so high

>>52406379

Retard, you realize that the value of bitcoin fluctuates in terms of dollars?

100 btc in 2011 had no fucking bearing on the market, but 100 btc trade in 2021 would nuke the order book. why? because it was worth 10,000x in DOLLARS

DOLLARS IS THE ONLY THING THAT MATTERS WHEN IT COMES TO TRADE VOLUME

Yeah we have record btc volume on coinbase, but the fucking price is lower than it was months ago, so it’s not a record in dollar value traded, in fact it is no where close.

seethe more dumb mumu fuck

>>52406447

cont. here’s 2018 for comparison

>>52406367

It was under Trump that the money printer was turned on. They are all complacent.

>>52406416
NOTHING IS REAL!! REALITY DOESN'T EXIST! STOP TRYING TO ANALYZE THINGS GOY!

>>52406447

holy shit, had this conversation with newfags for years. go neck. bears were saying the same thing on the covid crash too.

Despite BTC being 16.5k, there were significantly more of them exchange don this crash, highest number ever. the closest it ever came to was the covid crash with an average price of 5k.
even the 2017 peaks didn't match this. or the capitulations. More active BTC than EVER before.

you either get it, or you are a retard bear, or capitulated. Guess what? exactly what I want to see. thats more confirmation of capitulation.

>>52406223
> Bakkt is coming

>>52406477
but that candle wasnt the picobottom either, just close

>>52406447
what's it like having a 100 IQ

>>52406509

more or less what im expecting this time. that candle was capitulation. capitulation doesnt mean very bottom.
We'll likely retest that area over the next few weeks and gain support from bears once again.

This is purely a crypto crisis now. Inflation is well and truely dropping.

>>52406133
i bought it too... to the tune of 1.5 eth. only money i had left
it still hurts to have missed out that bad. should've have leveraged my existing stack to buy, but this was so scary at the time

>>52406163
Bottom is usually -10-15% lower than the biggest volume candle day/week

imo we'll crab at lower volume to 14K and move to 200-300K by late 2024

>>52406490

except the covid crash volume was legitimately way higher in dollars than even the nov 2018 capitulation wick

cope

>>52406057
>Covid crash was -50% in a week. this was -25%, yet significantly more volume

More volume but less price decrease? That just means more buyers then?

>>52406490
>>52406540
>>52406528

The point is, there is no volume breakout and you are a fucking retard for measuring it in BTC.

Cope more, I will cum very hard when I think of your liquidation you fucking retarded mumu.

>>52406265
Delusional. The FED still has a large balance sheet. They just tightened the money printing. That money could go back in any time.
Also, most bullruns happened in recessions

>>52406613

guarantee you haven't been in this space longer than late 2020 at best. for some reason, there is a never ending crop of people with your copy paste opinions and thougts and reactions ever cycle.

Bought my first BTC on coonbase in 2015, and fags like you never fail to crop up. I think its basically a requirement at this point to confirm anything

>>52406707

lol

>>52406133
I bought doge back then and sold all of them before the fucking GIGApump because the piece of shit coing didn’t do anything. I fucking had 66M doge at one point. I did alright but I could’ve fucking retired 5 generations with that kind of money

>>52406707
why do you believe btc metric is more relevant than dollars in terms of volume?

>>52406265
Never bet against the fed. They will kick the can for as long as it can be kicked. The alternative is the literal collapse of global society, at which point we probably won't have electricity to even check the price of bitcoin.

>>52406922
Ye I know that feel. I bought doge at the start of the bullrun for 0.005 because that is what you do. Sold 1/2 after 2x, another 1/2 after 10x and missed out on the 100x because of it.

>>52406480
I agree

>>52406367
is that what LE LEFTISTS think? what about LE RIGHTISTS, what do they think you retarded child?

>>52407039
>is that what LE LEFTISTS think?
Yeah basically. They support central banking and endless money printing.
>what about LE RIGHTISTS,
American right wingers also support central banking, but to a much lesser extent. There are also many right wingers that are against it.
It's primarily leftism where the drive to support central banking comes from.
Even marx supported it.

Look around you. Powell said there's gonna be an hard landing. The economy is in shambles. There's war in Europe. HODLing is for dummies

>>52406707
> ive spent more years of my life on this childrens cartoon forum than you so therefore i am LE SMART and not a total loser at all

>>52407077
wow killer analysis there. you should have attached a cartoon frog picture that someone else drew to really drive the point home. also checked

>>52407085
>HODLing is for dummies

what if I am a dummy? I'm too dumb to know when to buy back in. I am what I am, don't judge me anon.

>>52407085
the fed HAS to pivot
the us federal government has far too much debt

>>52407134
>wow killer analysis there
Yes, thanks.
You sound like an extremely assdamged leftist from reddit desu

>>52406265
>he thinks politicians will allow a depression and bear all the political cost when they can simply kick the can ahead and let the next fool deal with it
American and yuros are about to learn why countries like Argentina have such persisting inflation

>>52406480
nope started with obama

>>52407077
most americans dont even know what central banking is
you are living in a fantasy world

>>52407300
>most americans dont even know what central banking is
then why do leftists vote for politicians that support central banking?

>>52406707
>thinks 7 years in finance is a long time
>thinks 7 years shitposting on a jeet scam board qualifies him for anything
Retards like you are like fish out of water when it comes to the macro environment we are entering. Case in point >>52406987 this retard who thinks don't fight the fed means line will always go up. I'll give you retards a hint. That saying has been around since the 70s.

>>52407096

why does that upset you? this is literally a game of experience. you are not experienced enough to recognise how repetitive this game is.

>>52407534
Do you have advice on how to become more experienced and less emotional in this market?
I was in crypto since 2017 but seem to have forgotten everything because of multiple traumatic events causing burnouts.
How can I avoid having the memory of a fish?

It's stupid to repeat the same mistakes because I forget.
I hope this will be the last time.

>>52407534
it doesnt upset me. why would me mocking your sad life = me being upset?

btw tell me more about how many years of your life youve pissed away having fake arguments here. it really 'upsets' me!

>>52406223
bitcoin is 2x where it was in 2020 when we had...
0% rates
people being paid (often times more than they made) to stay home and day trade
stimmy checks going out, even to people who were still working
cex's not collapsing like dominos

if you're looking for a near term (next 3-6 months) bottom, it's probably around 6k.

>>52408034
damn, you must have performed many rigorous calculations to come up with such a specific number and prediction of the future

>>52406707
If you're right everyone will hate you. Its very lonely being in the top 5% IQ because you realize how utterly retarded the rest of mankind is but at least the money will soothe your sorrow. I now understand why jews are so fucking bitter and hateful over the rest of mankind. People are so irredeemably stupid that I don't even feel bad about taking all their money anymore.

>t. sorrowful lonesome mumu

>>52408111
i mean he did explain his rationale, which is pretty logical and plausible. why dont you share your calculations with us, smarmy zoomer who lives to 'win' fake arguments in the internet...

>>52408034
>stay home and daytrade
Yeah im sure all the normies were doing HFT and/or placed hundreds of orders per day, KYS
>>52408111
Checkd & kekd

>>52408196
he shared a rationale for why he thinks it will go down, you think that explains why it will go to exactly $6,000? kill yourself moron

>>52408204
look at the number of brokerage accounts created during 2020, it was massive

>>52406057
It has to do with Cexes not Bitcoin.

>>52407276
it started with Reagan

>>52406626
This, and also, the fed tightening is not new information to the markets. That was already priced into this year’s drop.

>>52406057
Retard here. The Covid volume spike took about 3 weeks to play out, do volume spikes usually take some time for the market price to adjust to them? Or does it take prolonged volume

>>52406223
cope

>>52408532
*nixon

>>52406554
Checked and based. Something gives me the feeling this one knows. Screenshotting this.

>>52408636
volume spikes are just secondary occurrences of external shocks, this thread is full of bagholders and scammers

>>52408209
>probably around 6k with logical explanation
>exactly $6,000
Show nose zoomie

>>52408034
surely the massive M2 supply expansion doesnt matter and every valuable asset will go sub covid prices and lower...

no support till 12k

>>52411097
Show chart

>>52406133
I watched that candle in real time and my hand was ready to click buy
but I was too greedy for even lower prices and I missed probably the best opportunity of my life

>>52407266
They are retarded 89 IQ socialist country that's trying that shit again and again.

>>52406342
then WHO sells at this prices, and with billion volumes?

>>52406262
This, I will obtain more BTC when we reach $13k. Everyone who thought $20k was the bottom are going to seethe when it goes even lower thanks to the Federal Reserve.

>>52406490
stupid motherfucker nigger

>>52406946
because he's a dumbfuck retard mumu. Dollar amount is the only thing that matters

>>52406223
Don’t catch a falling knife. Let it land on a Jew first.

>>52406057
>He didn't believe in CRAB-17

>>52406707
>fags like you never fail to crop up
its really weird i thought all newfags were purged already but nope here they show up again exactly like in eoy 2018, it really shows who has seen this all before and who hasnt
also i love how the retard that replies to you mistakes trading in crypto markets for years with shitposting for years not understanding that the first is what led to the second and yes the first does give valuable experience

>>52406613
>when I think of your liquidation
you do realize that spot buyers cant be liquidated right, you do know the meaning of the words you use

>>52406447
>>52406477
You are fucking retarded, the volume is measured in btc (231354btc), not dollars

>>52407266
political cost lmao, the administration won seats in this dog ass economy and were on their best behavior for the midterms. Student loans aren't getting forgiven, stimmies aren't getting mailed, rates aren't going down. It hasn't even begun.

>>52410300
build for bbc

Resistance is $9k. If $9k does not hold we will see 3 figures BTC. People on /biz/ and other places seem to underestimate the impact of miners.

>>52406223
>No one is going to pass up on $50K BTC
>No one is going to pass up on $40K BTC
>No one is going to pass up on $30K BTC
>No one is going to pass up on $20K BTC
>No one is going to pass up on $15-$16K BTC >>>>>>>> You are here

>>52406057
Ever since Binance reduced trading fees on a lot of BTC pairs, total crypto volume has been higher (free wash trading) and they did it exactly so retarded newfags like 90% of this board will think there are people actually buying BTC.

>>52406540
LUNA was twice as bad
$15b (based on Anchor TVL) was lost, while FTX is currently $8b in debt (counting their "less" liquid shitcoins and illiquid assets as $0)

>>52413270
Big bankman cock

>>52413065

I know you fucking retard

>>52413065

the whole point of price weighted volume is to show how the volume varies in terms of DOLLARS not BITCOIN, obviously the default volume is measured in Bitcoin, my point is this can be misleading when finding bottoms. You should always think of dollar value traded over time, not shares or coins traded over time.

>>52413612

The exchange in the OP is coinbase you fucking nigger. you are a FUCKING retard. coinbase have even progressively increased their fees since years ago you fucking retard. but you are a newfag nigger, not even worth listening to your drivel

>>52406057
OP's volume indicator looks fake as hell.

>>52406163
the bottom is in when /biz/ actually starts talking about business, improving qualifications, career, etc.

>>52413925

bottom is not in until newfags like >>52413756

capitulate

>>52413925
that will never happen as careers are the biggest scam of all

>>52413756
Cursing won't make you right. After Binance announced no, i repeate NO, trading fees or various pairs, crypto volume increased. BTW, like I said, they just did this because there was almost no volume in most pairs anyway. Shit is going down and may the lord have mercy.

>>52406057
OP I hope you're screencapping every post calling you a retard ITT. I expect gloat threads from you when we rally to 30K.

>>52414036

I've had my coinbase account likely longer than you have been able to grow pubes

>>52414038
>building a career is a scam
>depositing your money in an unregulated exchange registered in bahamas is not
ok then

>>52414052

are you trolling or a retard?
coinbase fees: ATH
coinbase volume: ATH

nobodys talking about binance you chink cock rider

why is this thread still up? It was proven OP was lying. Anyway, let's talk about the bottom I'm thinking $10K before end od year.

>>52409158
show nose

>>52406163
If you think the bottom is in, you will shortly feel like something is in your bottom

>>52414218
nocoiners from other boards coming in to gloat using their absolute low iq posts like this was a big bottom indicator in 2018
and no i will explain why your post was supremely low iq despite you thinking you are making le epic win

>>52414346
using /biz/ as a top/bottom indicator is a waste of time, it worked in 2017-2018 but not today
when twitter, reddit and other influencer social media platform were going crazy over NFTs and shitcoin casino tokens, /biz/ wasn't excited at all about them outside of pajeet telegram spammers

>>52406447
God permabobos are fucking retarded.

This entire year has been a coordinated shakeout to let institutions buy in cheap. They aren't going to give retail years to accumulate at rock bottom prices. They're going to force the price as low as they can and then buy in en masse to initiate the most face melting giga pump in crypto history. At that point anyone who doesn't have their bags packed will be priced out forever since we'll never be seeing these price levels ever again.

>>52413751
ah yes we are in agreement, i thought you were saying the opposite

>>52413925
Lol never then

>>52407039

>>52413925
That's Boomer-tier shit. That's why their all whining about inflation now

>>52406057
Capitulation = only up from here. Megabullish.

>>52413231
>he doesn't realize unemployment today is just 3.5%, he thinks a depression is comparable to what happens today
This board is so full of retards

>>52415507
Check what happened right after such "full employment" event.

>>52406367
>leftists
>the money printing they support
Retard alert.

>>52406223
Nigger tell me with a straight face you didn’t say this at 40k, 35k, 30k, 25k….

>>52407276
QE started under George W Bush and went into extreme overdrive under Trump. Funny how conveniently you mouthbreathers forget history.

>>52415516
Yeah check how much money they printed to avoid hitting a depression after 2008 and 2020. Every time a depressio is close they will do the same, only a retard can't see that.

>>52415523
>he unironically implies that leftists don't ask for more spending all the time, spending that can only be paid with money printing
I swear leftists have the iq of a 5 year old

>>52415619
>more spending
>money printing
You have absolutely no clue what you're talking about, do you?

>>52415586
Keep coping mumu

>>52414476
this man understands whats happening. Based

>>52414476
Did you have your dick out when you posted this? Hope cope.

>>52415642
Shut up gaslighting faggot, we all know exactly what he's talking about

>>52406223
> Institutional investors are slurping
This post sounds like it was written by street shitter.

>>52415776
No, you fucking don't. You have no idea how the monetary system works and you're an embarrassment to your family.

>>52415642
No because the extra money they want to spend will come from unicorn farts. Leftists can't be so fucking dumb

>>52415862
Ever hear of treasury bonds, mongoloid?

>>52406490
facts.

one of the person replying to this post used anime as well. say no more, bulls are not only happier in life but less cringe.

>>52415892
i wonder what happens when someone tries to cash out 200 billion dollars worth of treasury bonds at once. does that count as "systemic risk?"

>>52415523
>>leftists
>>the money printing they support
Yes and YES.
This is basic reality.
I'm sorry you have schizophrenia.
The best solution for you is to fall off a cliff and save your family the burden of having to deal with you.

>>52415932
>i wonder what happens when someone tries to cash out 200 billion dollars worth of treasury bonds at once.
Look it up dimwit.

>>52415892
You mean the bonds that are almost exclusively bought by the fed with freshly printed money, you fucking retard?

https://www.reuters.com/world/us/us-fed-should-stop-quantitative-easing-now-blackrock-says-2022-02-10/

>>52415809
>it's not money printing if I say is isnt
leftists everyone

>>52415977
Only in your dreams, mongoloid.
1) Leftists are anti-capitalism, not pro.
2) Money printing bouts happen almost exclusively under Republican regimes, due to their sociopathy.
3) So sorry that you have zero understanding of history, dumbshit.

>>52415989
>>52415998
"Money printing" (QE) means expansion of the money supply via direct central bank intervention in the bond market. Nothing to do with "government spending", dumbfucks.

Are miners capitulating?

>>52416046
the conflation of the democratic wing of the uniparty with "leftism" using identity politics post-occupy was one of the most successful psyops of recent history

>>52416081
i think that one wallet that moved like 800k ETH to Coinbase might have been a chinese ETH miner

>>52416075
You mean buying bonds almost exclusively from the government to fund all the gibs retarded leftists want?

>>52416091
Indeed.

>>52414192
We can tell you're a newfag because of how defensive you are, you raging queer

>>52416160
You are too clueless for words. Money can only be created via issuing debt. Read "The Creature from Jekyll Island".

>>52416046
>1) Leftists are anti-capitalism
Leftists are pro central bank
marx suported them
every socialist state in history supported them
leftists in mixed economies heavily push for them
who do you think you are fooling? retard

>Republican
Republicans are leftists and hate capialism
cope
>sociopathy
This is what leftists are.

>3) So sorry that you have zero understanding of history,
LMAO what do you think the ussr was?

>>52416231
Debt that will never be repaid, so demand that will never exist, while supply keeps growing and growing. Fucking idiots

>>52416225

Here is proof fagbag. That was my first purchase testing out coinbase when it launched. It was a £100 purchase but it converted it to USD

>>52416075
>"Money printing" (QE) means expansion of the money supply via direct central bank intervention in the bond market. Nothing to do with "government spending", dumbfucks.
whenever the goverment spends money it doesnt have, the central bank prints money to allow it

why do you think they buy bonds, retard?

>>52416231
>Read "The Creature from Jekyll Island".
the book that refutes you commie cunts

>>52416294
>Leftists are pro central bank
Only in your dreams.

>in before "the 10 planks" that I read online somewhere
You're a moron.

>>52416162
>>52416091
lmao eat shit, center left social democrats and corporate american democrats are the exact same interventionist subhumans that need to be gassed and helicoptered

>>52416299
Only the principal is created, not the interest. Hence the need for perpetual money supply growth.

>>52416314
Read the book, mouthbreather. You are utterly clueless.

>>52416319
>Only in your dreams.
Okay so marx himself supported central banking in the manifesto.
Surely you don't deny this? Just read it.
>5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
https://mises.org/wire/why-marx-loved-central-banks
Every socialist state in history had a monpolized central bank.
This is reality.

>>in before "the 10 planks" that I read online somewhere
Soooooo inb4 something that directly refutes you? lol\

>lol I didn't kill that man
>inb4 muh dna evidence

>>52416337
No idea what you are trying to say.

>>52416383
>Read the book,
you are unable to read.
seeing how you are a leftist bootlicker, this makes sense
lmao IMAGINE supporting central banking

>>52416405
So you admit you're a brainlet? Got it.

>>52416388
>Okay so marx himself supported central banking in the manifesto.
Only in your dreams. Learn to fucking read. Stop getting your "information" from youtube personalities.

>5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
>https://mises.org/wire/why-marx-loved-central-banks
Well done proving my point, retard.

>>52406163
STOP JUST FUCKING STOP SAYING THAT YOU NIGGER THERE IS NO BOTTOM AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>52416352
You would be right if demand for debt repayment would be as high as the supply created when the debt was issued. But the principal will never be repaid so the demand will never exist and supply will always outweigh demand, hence the destruction of the value of the usd

>>52416412
Nothing is more rightwing than banking. Nothing.

Crypto relies on cheap money just like the stock market. Not a coincidence that exchanges are collapsing as the tech bubble pops. Put your money in fiat or precious metals and wait out the recession, the pain has barely begun.

>>52416470
Lol, you are confused. The principal will always be repaid in aggregate. The interest cannot be paid without money supply growth.

>>52416445
>Only in your dreams.
No, in reality. It's literally what he said in one of the foundational texts you subhumans worship.
How is it even possible to get more blown the fuck out than this?

>Stop getting your "information" from youtube personalities.
Erm..no. I read books rather than watching breadtube videos and desiring my own enslavement like you people do.

>Well done proving my point, retard.
So your point was that leftists support central banks and every socialist state in history had a strong interventionist central bank?
Hmmm.
I forgot to mention that the most free market eras in history had NO central bank. lmao

>>52416472
Privatized banking sure.
Government banking is left wing.
Everyone knows this.

Free markets and goverment are polar opposites.
Socialists like yourself deserve to be drowned.

>>52416508
>he really doesn't understand that debt is recycled never fully paid
Why do I waste my time with these people...

>That's Boomer-tier shit. That's why their all whining about inflation now

>>52416533
>It's literally what he said in one of the foundational texts
Oh really? This is what he (and Engles) ACTUALLY said:

>We have seen above, that the first step in the revolution by the working class, is to raise the proletariat to the position of ruling class, to win the battle of democracy. The proletariat will use its political supremacy to wrest, by degrees, all capital from the bourgeoisie, to centralize all instruments of production in the hands of the State, i.e., of the proletariat organized as the ruling class; and to increase the total of productive forces as rapidly as possible. Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production. These measures will of course be different in different countries. Nevertheless, in the most advanced countries, the following will be pretty generally applicable:..."

Try to learn the difference between descriptive, predictive, and prescriptive. Sounds like you lack the IQ to do so, but at least give it a shot. (And if you are ESL, learn the difference between 'is', 'will', and 'should'.)

>>52416559
Leftists obviously advocate for the abolition of banking (aka, creating money out of nothing). The fact that you distinguish 'central' banking from other forms of banking (=fraud) says it all.

>>52416590

>>52416502
>Not a coincidence that exchanges are collapsing as the tech bubble pops.

The fall is just starting in my opinion there seems to be a reasonable number of exchanges which i think will go under as well as there as been some shady dealings as regards the proof of reserves a few of them showed.

>>52416758
>Leftists obviously advocate for the abolition of banking
yeah bro thats why they advocate central banking in every state they've been in charge of lmao
thats why marx and engels advocated for central banking
That's why american leftists advocate money money printing when faced with no money printing.
You're so fucking stupid.

>The fact that you distinguish 'central' banking from other forms of banking (=fraud) says it all.
I'm the only one here who is doing this.

>>52416823
>I already posted what he actually said, word for word.
What you posted was this:

>5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly

>They supported central banking
False. Learn to fucking read, retard.

>You don't even accept IQ as a concept lmao
You wish mongoloid.

>>52416758
>>52416781
You forgot to add that in real communism the state is abolished too because all the redistribution of wealth and the retarded laws will be enforced by elves and unicorns

>>52416895
Imagine being this retarded. Ever hear of property rights? Abolishing them means Bill Gates is just another dork.

>>52416891
>>5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly
Yes, indeed. This is what he said and what he supports.
Why are you going through mental gymnastics trying to downplay what marx and engels actualls wrote?

>Learn to fucking read,
>Centralisation of credit in the hands of the state, by means of a national bank
LMFAO

>You wish mongoloid.
I'm not wrong, all of your LOW IQ friends on youtube like shaun and philiophytube reject basic concepts like IQ

>>52416929
People who want to abolish property rights need a bullet in the head.
Abolishing property rights means the state is in control of every aspect of your life.
Communists need to be tortured and drowned.

>>52416929
>he believes people will study, work, save and invest if they get nothing in return or the same they'd get if they didn't do shit
Then these retards don't understand why all communist countries end up as shitholes...

>>52416758
>Leftists obviously advocate for the abolition of banking (aka, creating money out of nothing).
That's not how banking in a free market works.
Creating money out of thin air is a fraud.
In a free market you can only lend out what other people have actually deposited there and allowed to be lent out.

>>52416968
>This is what he said and what he supports.
Source? You don't have one because you're an illiterate retard.

>People who want to abolish property rights need a bullet in the head.
>non-states need to be murdered!
Thanks for showing your true colors, bootlicker.

>>52416985
>he believes people will study, work, save and invest if they get nothing in return
Ever hear of income?

>>52417028
>*non-statists

>>52416998
>That's not how banking in a free market works.
That's exactly how *ALL* banking works.

>>52417028
>Source?
https://www.marxists.org/archive/marx/works/1848/communist-manifesto/

>You don't have one
https://www.marxists.org/archive/marx/works/1848/communist-manifesto/

>illiterate
You are an unironical marxist despite the absolute insanity these people wrote, despite engels predictions about living standards for the working class being proven wrong, despite the falling rate of profit being debunked, despite bohm bawerk refuting the labor theory of value using time preference and despite mises refuting marx using the economic calcuation problem.
IMAGINE being this low IQ.

>bootlicker
hahahahHAHAHAHAHA Dude you think north korea is a paradise. Why project?
Why not be honest about it and just admit you enjoy the taste of boots?

>>52417088
>That's exactly how *ALL* banking works.
No. It's how banking works right now.
It's not how free market banking worked in the past at all.
Current banking is a fraud and must be abolished in favor of free market banking.

Kill all socialists using drowning or burnging them alive, hopefully in front of the families and children. Skin them and pour acid on them. Keep them alive and let them suffer for extremely long amounts of time using the most brutal excrucating levels of pain humanity has ever come up with.

>>52416998
>In a free market you can only lend out what other people have actually deposited there and allowed to be lent out.

Where then does the printed money go if they aren't being lent out? Or is there something i am missing about how money works exactlty?

>>52417092
>>Source?
>https://www.marxists.org/archive/marx/works/1848/communist-manifesto/
You obviously didn't read it, moron. Try again, bootlicker.

>>52417143
>Where then does the printed money go if they aren't being lent out?
There would be no printed money.
Printing money would be illegal. It's a form of fraud.

>>52417158
>You obviously didn't read it,
Ah I see you have no argument.
The quote I've posted couldn't be more clear yet you have absolutely no refutation or context clarification.

Kill yourself.

>>52417136
"Free market banking" is just banking without a central bank. AKA, the same blatant fraud but without the safety net.

>>52417192
>Ah I see you have no argument.
See: >>52416714
Read it this time, mongoloid.

>>52417194
>"Free market banking" is just banking without a central bank.
Erm, no. It's more complex than that. It's not my fault you're too brain dead to understand what full reserve banking means.

I feel sorry for your parents.

>>52417050
Income decided by the unicorns and fairies since there is no government to decide it kek. Anyway the funniest thing is that tankies don't realize that if you don't allow people to own means of production nobody will invest to create them, why would I use my savings to create means of production when I'm not gonna get anything in return and I could use the savings to drink margaritas in the beach instead. That's the reason all communist countries end up with decaying infrastructure and means of production because nobody invests on them, and thus their productivity is shit and they live in extreme poverty.
I'm sure if there were financial education in schools socialists would go extinct.

>>52416307
>no (you)s
faggots will just pretend to not have seen this proof

>>52417219
I read the entire thing, it still doesn't refute me. It doesn't refute the fact that every socialist state in history had a central bank. It doesn't refute that free market era in history had NO central bank.

>>52417233
>nyway the funniest thing is that tankies don't realize that if you don't allow people to own means of production nobody will invest to create them
they don't even want that
they want the state to control the means of production because they are weakling incel manchildren

>>52417228
>Erm, no. It's more complex than that.
No, it isn't. If you are taking in client money and making investments with it without inflating the money supply, you are just an asset manager not a bank.

>Leftgroids posting
>Anything
>Ever, for any reason, in the false assumption it has value
>Wrong every time until it's a suicide note ten pages too long to care about and that is their one sole contribution to the world
Communists aren't people and should be summarily executed.

>>52417233
Not sure if bait or you're literally retarded.

>>52417276
>No, it isn't.
Yes, it literally is lmao.
https://wiki.mises.org/wiki/Full_reserve_banking

>If you are taking in client money and making investments with it without inflating the money supply,
You can only do this with their consent in a free market.

>without inflating the money supply
Yes, correct. This doesn't inflate the money supply.
In fact free market eras has constantly lower prices, no inflation.

>>52417307
>Communists aren't people and should be summarily executed.
Based and true!

>>52417254
>I read the entire thing, it still doesn't refute me.
Of course it does. Making a correct prediction doesn't imply you are in favor of the predicted event. How are you this fucking retarded?

>>52417310
No please explain to me why would I save and invest to create means of production in a communist country. I'm waiting.

>>52417326
Full reserve banking is not free banking dumbfuck.

>You can only do this with their consent in a free market.
You think you didn't sign away your rights when you applied for that Wells Fargo account?

>>52417233
Communism is just one big lie to consolidate wealth around a central elite who would supposedly be responsible for distribution. To think they just won't take all the wealth for themselves is beyond the realm of mere idealism, its just fucking deranged, like stabbing yourself and expecting not to bleed. I realized this when I was 12, I also realized that every communist is just an insecure loser LARPer who wants to fit in with a fashionable crowd and gets his psychological validation only from that, which is the basis of 99% of vapid modern ideological movements including nat soc.

Returning to communism, we can say that the pope for example has his narrative, the church consolidates wealth around itself and in return it dispenses values and social narratives in the form of Christianity to the larger community in order to maintain social order and cohesion. But communism is so fucking greedy that it doesn't even do that, the only narrative it shoves down your throat is the belief in the benevolence of Great Leader, literally nothing more or less. It leaves normies completely spiritually starved and dead. It is so fucking stupid in every way its unimaginable how fucking dumb everyone must be that its gained so much traction. Maybe mankind is just pathetic enough to deserve communism?

>>52417361
Never even mentioned so-called "communist countries". Socialism means the nation's productive infrastructure is owned by its creators and operators rather than trust-fund faggots (as it is under capitalism).

>>52417425
I know this, what I meant to prove is that even if the leaders were saints, which they never will, communism still destroys all incentives to be a productive citizen making society much poorer.

>>52417332
>Of course it does.
Okay. Use common language to explain how it refutes me. I am waiting.
Meanwhile engels and marx were refuted here:
https://en.wikipedia.org/wiki/Karl_Marx_and_the_Close_of_His_System
https://en.wikipedia.org/wiki/Economic_calculation_problem
https://www.youtube.com/watch?v=lrBRV3WK2x4

>Making a correct prediction doesn't imply you are in favor of the predicted event
Irrelevant statement. Why are you saying random things that have nothing to do with our debate?

>>52417369
>Full reserve banking is not free banking dumbfuck.
I said free market banking. In a free market, the only legal form of banking is full reserve.

>You think you didn't sign away your rights when you applied for that Wells Fargo account?
Why are you bringing up the current banking system when I'm talking about historical and theoretical systems? brainlet

>>52417446
>Never even mentioned so-called "communist countries".
So?
We were debating on whether leftists or rightists supported central banking.
Why did every single leftist country in history have a central bank?
Why did right wing nations not have them except to the extent there was leftist influence on their policies?

>>52417446
Yes and the creators and operators will be the private owners of the productive infrastructure and won't give a fuck about your socialist delusions. They won't allow anyone new to enter the co op without paying, and since they are the owners of a stake in the co op they will be able to sell their stake and become bourgeoisie themselves. I just wish socialists weren't so fucking stupid.

>>52417547
>I just wish socialists weren't so fucking stupid.
they truly are brainlets
studies have shown that co-ops pay LOWER wages than capitalist firms

imagine wanting to be responsible for the health of the firm? lmao

>>52417425
>>52417473
"Communism" is a meaningless term if it can be used to describe its exact opposite: i.e., anything other than a stateless, leaderless, coercion-free society.

>>52417566
They have so many contradictory beliefs about coops is so fucking funny to read them, they literally have no fucking clue what they're talking about.

>>52417501
>Irrelevant statement. Why are you saying random things that have nothing to do with our debate?
You LITERALLY stated that Marx was in favor of the 10 Measures outlined in the CM. That's how fucking retarded you are.

>>52417446
socialism means everything belongs to people
communism means everything belongs to state

socialism leads to communism because it requires strong centralized power to "fairly" distribute the goods.

In reality in both cases people get jack shit and elites get everything.

>>52417534
Anyone who supports banking (i.e., private creation of money out of nothing) is by definition a rightwinger.

>>52417547
WTF? What are you smoking?

>>52417566
>studies have shown that co-ops pay LOWER wages than capitalist firms
Sorry, just want to memorialize this idiocy for all time by quoting it.

>>52417574
The ideal communism doesn't exist and never will exist, which is why its a meaningless term. A sensible, well-ordered society where its members have some reasonable level of concern for the welfare of its lower-class with incentivized alms-giving is as close as we can get. Religions enable that. Islam for example has obligatory alms-giving called zakat.

>>52417574
>stateless, leaderless, coercion-free society.
This is the lie. Everyone correct recognizes that this is the deception inherant in marxist ideology.
Like "valhalah", "heaven" etc.

You cannot create a stateless society by creating the most authoritarian society in history. It makes no sense.

>>52417630
>You LITERALLY stated that Marx was in favor of the 10 Measures outlined in the CM
Yes, I sure did. What is your point?

>>52417661
Your definition of banking is nonsense. You are describing fraction reserve banking and pretending all banking works this way.
You also support cental banking like marx did and like every socialist state in history did.

>>52417631
>socialism means everything belongs to people
>communism means everything belongs to state
"Communism" literally means statelessness, numbnuts.

>socialism leads to communism because it requires strong centralized power to "fairly" distribute the goods.
Lol, no. Property rights cannot even exist without state sanction.

>>52414261
to me, this pic is what it means to make it

>>52417737
>>studies have shown that co-ops pay LOWER wages than capitalist firms
Problem, retard bootlicker?
https://web.stanford.edu/~pista/coopssept04.pdf
>Co-ops
had 14% lower wages than capitalist enterprises, on average; more volatile wages; and
less volatile employment. Given the quality of the data set analyzed, the authors argue,
these results can be regarded as having broad generality.
https://www.youtube.com/watch?app=desktop&v=UycMMLj47Lc

>>52417687
I own a coop with 5 friends, we can keep all the money to ourselves, why would I let anyone else in to take a part of it? If we're making a lot of money, who is gonna force us to redistribute it with everyone else? Since there is no government who is gonna stop me from making an agreement with someone else to work as a salaried worker? Who is gonna stop me from selling my participation in the coop?
You can't answer any of these questions without accepting that what you want is a totalitarian state that controls everything and the workers "owning the means of.production" is just a lie to fool idiots because the totalitarian government will own everything in reality.

>>52417774
>communism is stateless because all the redistribution of wealth and the retarded rules will be enforced by elves and unicorns
The smartest tankie lmao

>>52417740
"Communism" is a term coined by Marx to refer to the phase after Capitalism, in which state and class are no longer relevant. It is indeed a vague term, but it obviously does not refer to any contemporary state of affairs on planet Earth.

>>52417774
>"Communism" literally means statelessness, numbnuts.
Then why do you require we create the most authoritarian state in history to magically achieve this delusional goal?
This is why you people are religious cultists that need a bullet in the head.

>Property rights cannot even exist without state sanction.
HAHAHAHAHAHA
Holy shit
There are many examples of property rights being enforced without a state.
You're a cultist.

French Acadia
Many areas of the American Midwest during 1800s.
Cospaia 400 years
Free Frisia 700 years
Neutral Moresnet 100 years
Ancient Ireland 2000 years
Medieval Iceland 400 years
African Tribes using the Xeer legal system to this day
The San
Zomia current day population: 150 million
Cheran Mexico current day

>>52417824
>I own a coop with 5 friends, we can keep all the money to ourselves, why would I let anyone else in to take a part of it? If we're making a lot of money, who is gonna force us to redistribute it with everyone else? Since there is no government who is gonna stop me from making an agreement with someone else to work as a salaried worker? Who is gonna stop me from selling my participation in the coop?
This is precisely why co-ops failed in Venezuela and Yugoslavia.

>>52417766
>You cannot create a stateless society by creating the most authoritarian society in history. It makes no sense.
Marx would agree.

>Yes, I sure did. What is your point?
The point is that you are illiterate. You confused his accurate predictions with what you presume to be future outcomes he advocated for.

>Your definition of banking is nonsense.
No, it isn't. Banking isn't asset custody. Again, read "The Creature from Jekyll Island". Or watch "The Money Masters" on Youtube.

>>52417807
>>52417824
>coops within capitalism

>>52417873
>Then why do you require we create the most authoritarian state in history to magically achieve this delusional goal?
I don't. The fact that you think I do shows how fucking retarded you are.

>>52417862
>in which state and class are no longer relevant
Can't happen because state and class are inherent in one's nature. Some people are just born to be plebs and some aren't.

>>52417953
>Marx would agree.
No he wouldn't you lying sack of shit.
He advocated for an authoritarian state controlled by workers.
Holy fuck what a cultist you are.
>The point is that you are illiterate.
You had no point and you're actually retarded.
>You confused his accurate predictions
Who's accurate predictons.
Engels and marx were objectively wrong.

>No, it isn't.
Of course it isn't.
You confuse fraction reserve banking with banking in general.
The term bank mean to hold something for future use, ie. deposits.
>Banking isn't asset custody.
It literally unironically is and always was historically until modern intervenitonism.

> Again, read "The Creature from Jekyll Island".
This is a right-Libertarian book written by an anti-communist, using austrian economics, and which refutes you.
Why do you enjoy getting self owned?

>Or watch "The Money Masters" on Youtube.
Created by a right-libertarian goldbug that wants communists to be tortured and murdered.
He literally agrees with me. He is an austrian.

>>52418040
>state and class are inherent in one's nature.
Didn't seem to play a role in humanity's first million years.

>>52406057
This doesn’t mean anything.

>>52418003
>it would be magically different if we had socialism
lmao you're a clown
show your clown face

>>52418035
>I don't.
You do.
>>52418035
>The fact that you think I do
Everyone KNOWS you do.
You are in fact advocating for an extremely authoritarian state while retardedly being under the impression that you are not.

>>52418050
>No he wouldn't you lying sack of shit.
>He advocated for an authoritarian state controlled by workers.
>Holy fuck what a cultist you are.
Source? You don't have one, because you're an illiterate moron who relies on e-celebs to tell him what to think. Sad.

>>52418060
>Didn't seem to play a role in humanity's first million years.
The first million of humanity's years were market anarchism with tribal coersion.
Yet marxists think to seem it was pure communism, which is hilarious.

MARXISTS ARE ACTUALLY THIS BRAIN DEAD!
They should be laughed out of any anthropology class.

>>52418050
>Who's accurate predictons.
>Engels and marx were objectively wrong.
You were literally claiming they were right in this very thread, dumbass.

>>52406480
It started with the end of the gold standard, dumb faggot. Went into overdrive with obummer and it continued on since until now.

>>52408209
you're a fucking retard niggroid

I'm slurping this tasty fucking dip on my minimum wage

>>52418003
>people will stop doing what's best for them because some retard declared socialism michael scott style
Lmao

>>52406057
Maybe people assume massive overleveraged exchange crashes is bad, but they were leveraging nonexistent crypto, not fake USD, and were suppressing their price in a way they won't be able to do going forward.

>>52418085
>Source?
>https://www.marxists.org/archive/marx/works/1848/communist-manifesto/
He supported a one party state controlled by workers who would do the following.
Abolition of Property in Land and Application of all Rents of Land to Public Purpose.

A Heavy Progressive or Graduated Income Tax.

Abolition of All Rights of Inheritance.

Confiscation of the Property of All Emigrants and Rebels.

Centralization of Credit in the Hands of the State, by Means of a National Bank with State Capital and an Exclusive Monopoly.

Centralization of the Means of Communication and Transport in the Hands of the State.

Extension of Factories and Instruments of Production Owned by the State, the Bringing Into Cultivation of Waste Lands, and the Improvement of the Soil Generally in Accordance with a Common Plan.

Equal Liability of All to Labor. Establishment of Industrial Armies, Especially for Agriculture.

Combination of Agriculture with Manufacturing Industries; Gradual Abolition of the Distinction Between Town and Country by a More Equable Distribution of the Population over the Country.

Free Education for All Children in Public Schools. Abolition of Children's Factory Labor in it's Present Form. Combination of Education with Industrial Production.

>You don't have one
Sorry you can't read books and don't know the history of every socialist state in history, bootlicker.

>>52418060
Yes it did. Its inherent even in fucking gorillas. Alpha gorillas get all the resources and pussy while beta pleb gorillas do all the fucking work. Its the law of nature. How much more so for humans?

>>52418050
>You confuse fraction reserve banking with banking in general.
I'm talking about "banking" as it has ever existed in human history.

Educate yourself: https://www.youtube.com/watch?v=2nBPN-MKefA

>>52413925
This.

t. /biz/ lurker since day 1 in 2014

>>52418109
I never once stated such a thing.
In fact marx and engels were wrong about many things:
https://en.wikipedia.org/wiki/Karl_Marx_and_the_Close_of_His_System
https://en.wikipedia.org/wiki/Economic_calculation_problem
https://www.youtube.com/watch?v=lrBRV3WK2x4

>>52418050
>This is a right-Libertarian book written by an anti-communist, using austrian economics
Despite being a leftist, I am intellectually honest enough to admit that the Austrians have been ahead of the game on this issue. Meanwhile, you clearly haven't even read their critiques of the monetary system.

>>52406133
same, but it was easy to buy too soon. I was just like fuck-it lets go big and got in at $4200.

Sad thing is I was listening to fud and sold a large portion of that bigass buy at around 6k abd 8k levels, expecting us to go back lower because I was covid fudded.

Makes me think that I'm being trained to look at this economic slowdown the same way, and I'll get fucked.

>>52418075
Not even remotely an argument. That's how I know you've given up.

>>52406626
retard. bull runs that began during recessions were because of the fed turning on the money printer. the money printer burnt out and now credit is contracting.
first time babby wont see line go up in perpetuity.

>>52418106
>The first million of humanity's years were market anarchism with tribal coersion.
I don't disagree. What I reject is the idea that capitalism is in any way "natural" or something that predated neolithic civilization. No objection to the idea of market anarchism being the default.

>Yet marxists think to seem it was pure communism, which is hilarious.
Source? Sounds like you pulled that right out of your bulbous ass. Sad.

>MARXISTS ARE ACTUALLY THIS BRAIN DEAD! They should be laughed out of any anthropology class.
Look at you go all out. Embarrassing.

>>52418136
>He supported a one party state controlled by workers who would do the following.
Source?

What he actually said was this: >>52416714 ... Do I need to paste it again? OK fine:

>We have seen above, that the first step in the revolution by the working class, is to raise the proletariat to the position of ruling class, to win the battle of democracy. The proletariat will use its political supremacy to wrest, by degrees, all capital from the bourgeoisie, to centralize all instruments of production in the hands of the State, i.e., of the proletariat organized as the ruling class; and to increase the total of productive forces as rapidly as possible. Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production. These measures will of course be different in different countries. Nevertheless, in the most advanced countries, the following will be pretty generally applicable:..."

>>52418144
>Alpha gorillas get all the resources and pussy while beta pleb gorillas do all the fucking work. Its the law of nature. How much more so for humans?
Exactly my point. No distinction between "rightful ownership" and "theft".

>>52418203
>I am intellectually honest enough to admit that the Austrians have been ahead of the game on this issue.
They're the only ones with a logically consistent theory in this regard. Learn what banking actualy means you retard.

>Meanwhile, you clearly haven't even read their critiques of the monetary system.
I'm the only one here who has. Here you are posting garbage they have already refuted.

>>52418232
>Not even remotely an argument.
Of course it is.
Creating an authoritarian state will not magically create a non-hierarchical stateless one.
This makes no sense whatsover and is cultist behavior.

>>52418327
>What I reject is the idea that capitalism is in any way "natural" or something that predated neolithic civilization
Why? It is. People like to own things and trade with each other.
>No objection to the idea of market anarchism being the default.
Market anarchism is essentially ancap, so thanks for admitting you were wrong on your delusional idea that the state is required for private property rights.

>Source?
Marx and Engels.

>Embarrassing.
You're a marxist lmfao you ADMIT you're a marxist. You might as well admit you're a scientologist or flat earther.

>>52418172
>I never once stated such a thing.
You literally claimed that central banks exist and are bad. You actually bitched about them. Do you really need me to cite the posts?

>>52418383
>>We have seen above, that the first step in the revolution by the working class, is to raise the proletariat to the position of ruling class, to win the battle of democracy. The proletariat will use its political supremacy to wrest, by degrees, all capital from the bourgeoisie, to centralize all instruments of production in the hands of the State, i.e., of the proletariat organized as the ruling class; and to increase the total of productive forces as rapidly as possible. Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production. These measures will of course be different in different countries. Nevertheless, in the most advanced countries, the following will be pretty generally applicable:..."
This proves me correct. They are advocating for an authoritarian dictatorship.
Socialists need to be drowned.
If you're actually a marxist bootlicking cuckold that wants wor work 80 hour weeks in a mine for statebux why are you on the business and finance board?

>>52407361
Because they promise gibs and 'social justice'. It's literally that simple.

>>52418409
>Learn what banking actualy means you retard.
What is it then? Please explain! This should be good....

>>52418448
>You literally claimed that central banks exist and are bad.
Yes.
What does this have to do with anything we're talking about.
Lets recap.
Marx , engels and yourself love(d) and supported central banks.
Libertarians like myself hate them and want to abolish them.
What's the problem here?

>>52418409
>Creating an authoritarian state will not magically create a non-hierarchical stateless one. This makes no sense whatsover and is cultist behavior.
Thanks for the concise refutation of capitalism.

>>52418407
There's so much you can't tell a retard because he just dismisses the deeper things outrightly. Enjoy living in your false dichotomy.

>>52418409
>People like to own things and trade with each other.
Durp! Learn the difference between personal property and privately owned capital.

>>52418409
>>52418407
>>52418383
>>52418327
>>52418232
>>52418203
>>52418136
>>52418106
>>52418085
>>52418075
>>52418060
>>52418050
>>52418040
>>52418035
>>52417953
>>52417907
You /pol/tards ruin every single thread. Every single fucking thread. Let’s discuss how to make money. Socialism, capitalism, peepeepooism, I say. Counter that, niggers.

>>52418472
>What is it then?
tl;dr people depositing their money at holding firms and allocating some of that money to be lent out and invested for a higher return throuigh the banking firm if they want to

>This should be good....
You LITERALLY think all banking is fractional reserve banking.
Holy FUCK learn the difference you 5 year old.
https://en.wikipedia.org/wiki/Fractional-reserve_banking
https://en.wikipedia.org/wiki/Full-reserve_banking

Real banking is full reserve. FRB is literally fraud.

>>52418133
right, this is actually good for crypto, it needed to happen. you think doge and shib deserved to be in the top 20?

>>52418136
did you know engels' family worked with the rothschilds
>At the age of 13, Engels attended grammar school (Gymnasium) in the adjacent city of Elberfeld but had to leave at 17, due to pressure from his father, who wanted him to become a businessman and start work as a mercantile apprentice in the family firm.[11] After a year in Barmen, the young Engels was in 1838 sent by his father to undertake an apprenticeship at a trading house in Bremen.[12][13] His parents expected that he would follow his father into a career in the family business. Their son's revolutionary activities disappointed them. It would be some years before he joined the family firm.
apprenticed in a trading house you say

>>52418409
>Market anarchism is essentially ancap
Lol no, not even close. Capitalism means private ownership of CAPITAL.

>>52418133
Sooner rather than the whole bubble would burst which is why i am doing my due diligence before buying any "Stablecoin" while also making sure i diversify my portfolio through SpoolFi.

>>52418509
>Thanks for the concise refutation of capitalism.
what lmao?
You're just making up random sentances now and hoping they stick
How does capitalism create an authoritarian state? How does it promise a non-hierarchical stateless one? It doesn't.
MARXISM literally fucking does that.
You're insane and need a bullet in the head.

>>52418533
>Learn the difference between personal property and privately owned capital.
Made up nonsense that only authoritarian leftists like to whine about. In reality NOBODY fucking cares about your arbitrary definitions.

>>52406922
>>52406221
Imaging aping in on SHIB in 2020

>>52418562
>>Market anarchism is essentially ancap
Yes.
Why are you crying over reality?
French Acadia
Many areas of the American Midwest during 1800s.
Cospaia 400 years
Free Frisia 700 years
Neutral Moresnet 100 years
Ancient Ireland 2000 years
Medieval Iceland 400 years
African Tribes using the Xeer legal system to this day
The San
Zomia current day population: 150 million
Cheran Mexico current day

>Capitalism means private ownership of CAPITAL.
Which is perfectly allowable in a stateless market order. In fact these firms would have large amounts of money to pay for their own defense.

>>52418562
Yeah and in a free market with no one with power over it, which is what anarchism is, capital will be the property of its owners you dumbass

>>52417566
>STUDIES HAVE SHOWN that alternate models of economic arrangement emphasizing cooperation over 1% of the population taking over half the existing money are definitively inferior and definitely shouldn't be tried out
you're retarded and also a faggot

>>52417601
cite some sources, you bitchmade shill

>>52417661
you are a well poisoning division-sowing shill

Here’s my thesis: Cheezits. Cheezits in a little individually-portioned bag on my banana-print jammies. Posted on a Sunday at 10pm my time. I took these Cheezits from my place of work. What’s does this say about business/finance? How can we profit off this? Please keep any discussions of theory relevant to these two core questions.

>>52418608
the guy legit thinks that without the state, muh werkers will rise up and control the businesses lmao

>>52418610
>1% of the population taking over half the existing money are definitively inferior and definitely shouldn't be tried out
1) They've been tried many times and have failed far far more than the typical capitalist firm. See the links I posted.
2) Yes, they DO typically have lower wages due to being less productive
3) Capitalists don't take over HALF of your money. Typical profit margins are 5-10%. That's almost nothing. It's a small fee for managing the means of production.

>>52418409
>You're a marxist lmfao you ADMIT you're a marxist.
Where did I do that? I'm definitely not a "Marxist", though I recognize his contributions to Political Economy as a subject. I've read his books and so understand the basic terminology he employs. I've also read the Austrians and Ancaps, and have learned from them too. You seem like a lazy person who quotes text from partisan internet sources without delving deep. Do better.

>>52418625
What studies do you need to understand that without a government forcing them to do otherwise people will do whats best for them with their property you fucking retard lmao

>>52418451
>This proves me correct. They are advocating for an authoritarian dictatorship.
Well done outing yourself as a Down Syndrome victim.

>>52417807
the problem with all studies, especially in economics, ESPECIALLY in literal CIA owned institutions like Stanford, are the externalities, the variables which aren't measured for or taken into account that influence the conclusions of the study
it's why 89% of studies can't be replicated
this study was obviously influenced by the overall state of the economic climate aka the fact that it's owned by a cabal of satanic pedophiles who control everything

EF Schumacher (the man behind Keynes at Bretton Woods who came up with the idea of the special drawing right) said in Small is Beautiful that co-ops are the future.

you wall street dick sucker shoe shiner shills will be left behind, history will remember you as the parasitic dead weight that weighed humanity down and caused immeasurable suffering in the 20th century by virtue of your slavish sycophancy to babylon

>>52418661
>I'm definitely not a "Marxist",
Of course you are. You defend him and engles. You support socialism over the current system. What kind of mental gymnastics are you spouting to prove you aren't a marxist? pathetic

> I've read his books and so understand the basic terminology he employs.
Yet you've never read bohm bawerk's dismantling of him.
Sad
https://en.wikipedia.org/wiki/Karl_Marx_and_the_Close_of_His_System

>>52418688
>no argument
Just close the tab friend, it's not looking good for you here.

>>52418494
>Yes. What does this have to do with anything we're talking about.
So you admit Marx's prediction has come true?

>>52417873
based David Graeber knower and understander
they murdered him you know.

>>52417907
yeah and i'm sure the venezuelan economy wasn't under any outside pressure was it you fucking rockefeller-fellating whore

>>52418106
you are conflating marxism with leftism, which is inaccurate. you were successfully brainfucked by a propaganda psyop where after occupy made a run on the 1% the internet was used to conflate a very specific brand of authoritarian marxism with the rest of leftism

>>52418721
you are either a paid shill or a huge faggot but either way you are arguing from a dishonest position where you are intentionally misstating your opponent's views

>>52406554
What about eth

>>52418693
>CIA owned
HAHAHAHAHA I found it. There is fucking it.
The excuse of excuse.
Tankies NEVER fucking learn. This is their go to excuse and NOTHING will break them out of their brain wormed existence.

>the variables which aren't measured for or taken into
These studies take into account externalities.
Also who tf cares about such things if you're getting paid less anyway?

>it's why 89% of studies can't be replicated
Nigger, it's just measuring objective data.

>you wall street dick sucker
No? Why do you say irrelevlent nonsense things? Are you retarded?

>will be left behind
You bootlickers will never be in control. Remember this.

>parasitic
You're a statist bootlicking communist lmao

>>52418728
No it hasn't.
He and engels thought conditions for the working class in england would continue to get worse until communism arose. Instead they massively improved.
Marx was wrong, you are wrong.

>>52413612
people underestimate how much FUD is priced in.

>>52418644
>I took these Cheezits
You stole Cheez-Its?

>>52419479
Consider them part of my compensation

>>52416075
Midwit. The fed prints money and loans it to the government

>crypto thread with 291 replies about Karl Marx and communism
>on /biz/

The bottom is near

>>52416046
None of what you wrote is true and this is why pol wants to put lefties in helicopters.

>>52416714
Notice how lefty fags never provide a link or source when they claim something. Harder to lie effectively

>>52417310
Get in the copter

>>52417446
Congrats you just described communism. Now into the helicopter.

>>52417661
Leftists redefining things again.

>>52406223
gbtc has -42% discount,
institutions aren't buying retard

>>52406480
It "started" with nixon and ronald reagan. every president since has just cranked up the degree. Except for Bill Clinton, who was framed and kicked out of office for it, and hillary wasn't allowed to win in '16 for it.