/biz/ - Business & Finance

>>57580953

Bro. You're WAY off.

Holy fuck she keeps hitting the wall harder

Thats how the rich avoid paying taxes

They make us pay taxes AND they make us pay to pay the taxes when they already know what 99% of taxpayers owe ahead of time. Then they just print however much money they want anyway, which devalues any money we managed to keep. Yes, it's a scam.

>>57580953
the fake and gay us economy is a scam to transfer wealth from the former middle class to wallstreet boomers who get bailouts and first run printed cash from the reverse repo desk of the ny fed to pump fagman stocks. Sorry anon things will only get much much worse from here

OP, is a faggot

>>57580953
I fucking don't pay taxes. And it's weird because so many financial decisions, even decisions like buying a home vs. renting, are rationalized as "you'll get a huge tax benefit." I always just kind of nod along but in reality I've simply not been reporting income or paying taxes for like 10 years now.

>>57580953
That's what happens when you adopt a monetary system whose value is derived solely from usury.

There’s a frumpy Latina chick who looks like this at work. Thinking about eating spicy fish tacos if I WAGMI this season.

I know my ancestors are unhappy with this choice… Forgive me uncle A but that pussy is popping.

>>57580953
Dude. Chill. Very few people understand this but the msm, fed, fintwit and whatever the fuck are all retards lol. Theyre drinking their own koolaid. They fundamentally dont understand their own financial system. The fed does NOTHING. You heard that right. Its useless, it does NOT print money, it does NOT create inflation. Money is credit, and conjured into existence by banks. Banks CREATE deposits and a contra-asset, a loan. The level of inflation (money creation) is determined by risk appetite from bankers, and balance sheet capacity. Since the GFC, banks havent been extending credit as much as before, and hence the INTEREST rates were low. People point at this period with LSAPs, QEs, TARPs and TAFs as fed intervention to create stimulus, LOL. Let me tell you, banks dont like low interest rates, they are not jubilant at the "stimulative" environment that is low interest rates. Anyways, QE and QT is just the fed swapping assets for useless shit (Fed BANK RESERVES). theres no open market operations, fed just swaps an asset from chequeing to savings account if you want to look at it that way. And somehow this creates money? LOL. Somehow this makes banks extend more credit? LOL. Whether banks maintain liquidity cushions is up to them, whether they lend against US treasuries or fed bank reserves (LOL) is up to them. There were 40 billion of bank reserves in 1980, and now we're in the trillions... yet, its more of shit noone needs. Banks create their own liquidity, they never needed the fed. The takeaway is that you shouldnt be looking at the fed, they dont do shit.

breeding cow

>>57580953
Cuz wypepo

>>57580953
It's what gives fiat money its value
USD = anti IRS raid coupons

>>57582281
Based, I'm on year 8 and not a single thing has happened. Fear keeps the Normies in check - chads don't pay. Simple as.

>>57582799
This is partly true, the part you’re forgetting is that the fed keeps a clamp on it via the reserve ratio, as that’s supposed to limit the amount of lending a bank can do based on cash available, however even that is arguably a useless metric as the fed seemingly can’t stimulate lending by putting the rate below the Basel reserve ratio, as we’ve seen recently with fed 0% RR’s but the banks holding 10% cash.

But yes, that’s essentially the modern eurodollar system, you can pile on as much USD denominated lending as you can afford as long as you can structure your collateral properly. Banks just create money.

>>57582794
Nice. There's a Thai girl with a busted face and big fake tits where I work who I want to inseminate.

>>57586026
The nice thing is that most Asians have really nice pussies. Way nicer than most white girls. For this reason I usually spill my load in a minute or so in Asian pussy. White girls might take a bit more pounding to get the seed. Busted faces don't get in the way until about nut 7 or 8.

>>57586105
Yeah, and being petite, they're usually easy to throw around as well.

>>57580953
The trick is this: The U.S. economy is an global fiat empire first and foremost. However, the financial benefits can never usurp entirely the need for a real economy. So the problem actually becomes one where the U.S. needs to impoverish its citizens because the paper-ponzi scheme (a system of banks, wallstreet, federal government, and insurance) can actually confer to individuals pretty lofty levels of purchasing power. This PP comes from ownership and not work.
The economy can not just have a massive owning class with most people then opting out to retire or work less. So they essentially need to impoverish you to keep you working. Here's how:
1. Inflation. 2. Taxes. 3. Precarity (health care is too expensive to afford without a job). Rising asset prices forcing you to take on debt to afford health, education, cars, and real estate.
4. Deferred consumption - 401ks, and insurance. (subsidy to wallstreet and Uncle Sam), leveraged purchases such as car, edu, and real estate (subsidy to banks). The rest of your money goes into stocks (worth pennies on the dollar worth of assets. They are ALL already bought up). Consumption of renewable commodities such as vices, entertainment and food and services.
Almost none of your money goes into capital assets or precious metals.
With all that said: Domestic dollars are nothing more than a demand control mechanism. You buy in you can chase basis points. If not you get inflated away. So keep working and keep paying in to the system.

>>57580953
She needs to quantitative ease on those cupcakes am I rite.

>Quantitative Easing makes US citizens pay into unfunded liabilities and loans without their permission.
If it took you lolberg monetarist autism to realize the US isn't a real democracy you were never gonna make it

>>57586222
>alan greenspan is a monetarist
>chicago school economics is so far off base from reality he ended up betraying his own ideals anyway out of necessity
common monetarist L

>>57580953
>So if Quantitative Easing exists...
Yes, it does.
>Then why do we pay taxes?
It's a humiliation ritual you are being subjected to. They don't need you to pay them taxes, because they can just print more money, but they make you pay taxes to them anyways as a way for them to show that they own you and can make you do whatever they want.
>Am I losing my fucking mind here? Someone help me understand this.
No, you are not losing your mind, the problem is that you are thinking about taxation as a rational person which is why it doesn't make any sense to you. If you think about taxation as a power play by the government and banks to ridicule and dominate you then it all makes sense.

Back when money was physical silver and gold then taxes actually meant something because money could not be manufactured out of thin air and therefore governments and banks all had to get their money by deducting it from other people as a "tax". Now however, since all governments and banks use fiat currencies that can just be printed up on demand, taxation is now redundant and it's just a way for them to own and control you. In the USA though their Achilles heel is that we have a tax system that is based on the concept of income tax, which means that if you stop working and don't have any income you are then legally exempt from taxation by default because our entire system is based on you earning an income and then them taking a part of it away from you as a "tax", but at the same time there is also no law that requires you to be employed or earn an income either. Do with that what you will.

Hope that helps.

>>57580953
Cool it with the antisemitism

>>57586222
The system can only maintain itself on the back of the rest of the world subsidizing our purchasing power. They do this by accepting our debts as payment for their production. The banks themselves along with Wallstreet haven't a chance in hell of procuring the resources needed to make good on all of the financial assets the world "owns". The bond market is $46TN in size and the U.S. GDP is only $22TN. On it's face there is a massive shortage of resources. And all debts get paid somehow. There is no such thing as a free lunch. This basically means that almost every financial asset you own is going to take a haircut. We all store our purchasing power in these institutions but we can not all extract what we think we are entitled to. You put 5x cars worth of purchasing power into the bank for your retirement and by that time you only have 2x cars worth of purchasing power when you come to claim your "value". It's gone. It gets spent. And the entirety of this country just works endlessly and dumping damn near 100% of their paychecks back into the system in one form or another.
The problem is the velocity of money will never be higher enough to pay off the debts, no more than you can create a perpetual motion machine. The banks depserately tried to slam so much credit into the economy to get the velocity higher and it never worked. And now we're like a plane halfway to the destination with not enough fuel.
There is no way out but through a massive global bankruptcy. Paper millionaires will be in the breadlines and the men with tractors and backhoes will be at work. getting shit done. Debt based wealth is going to reveal it's true nature: It's nothing more than an elaborate ponzi.

>>57580985
I don't know who this brown eyed girl is but I'd hit her brown eyed walls harder if you catch a whiff of what I'm trying to analogise sir.

>>57580953
taxation, quantitative easing, etc is simply just another vector for the jew to seep its fangs into the hardworking white goyim cattle and bleed it dry

>>57586317
I do not understand

>>57586313
Since the opening up of china and mass outsourcing America's economy has worked essentially on maintaining SWIFT and the dollar as the global reserve currency. This is a multifaceted subject I could spend hours on - suffice it to say that it is entirely politically contingent on the US maintaining global dominance. This is why the "bills" never come due - we are busy couping anyone who actually wants to cash out.

Historically speaking the crash that you predict just won't happen. What WILL happen is "bringing the war home" - the ruling class will simply turn its weapons of mass repression on us as they escape with the bag. Or they get guillotined. One or the other. There is no "and the rich suffer quietly and then eventually everything gets better".

>>57580953
This thread is antisemitic please remove it op

>>57586381
>>57586303
>>57586318
this, the jews invented the profit motive and if it weren't for their mind control multinationals would act in the best interest of all mankind

>>57586351
I'll slow it down for ya - what I'm trying to lay down for you homie is that I'd break that bitches back ya feel me dawg?

>>57586371
The thing is the banks are even feeling the pain at this point. The math on the interest is exponential and causes plenty of problems all on it's own. And the problem is going to be domestic inflation causing some sort of "flight to quality" such as gold and silver. If your cash can't maintain value then people will react. And commodities being in finite supply can cause some serious problems if the momentum builds. Particularly silver. It's the tightest supply and value dense precious metal attainable by the public. The problem being the need for cheap silver for industry can get blown the fuck out if people need it for value-storage at the same time industry needs it for products.
The Petro dollar has collapsed, Swift is being replaced, and the Brics are forming a counterbalance to the U.S. I would imagine that trade negotiations are being discussed for the coming decades to where everyone can agree on what is best to keep things running as smooth as they can. That doesn't mean your bank deposits won't get blown the fuck out despite the shelves of Walmart being full.

>>57586317
Ranjesh, I do not redeem?

>>57586430
>And the problem is going to be domestic inflation causing some sort of "flight to quality" such as gold and silver.
Goldbugs have been perenially predicting this for several decades now. The need for "stores of value" can be obviated if there are economies that actually have productive investments (real nigga economies)

>>57580985
She has had various operations and isn't even remotely trying to keep her weight down, has less to do with age/genetics and more to do with being a lazy pig.

>>57586614
calling dr brosnan

>>57586566
Because the problem is so obvious that people show up to the trade several decades too early.
The credit is tapped out now. The problem is what comes next other than mass bankruptcy and write-offs?
To the extent you own PMs you don't have exposure to counterparty risk.

>>57586716
> The problem is what comes next other than mass bankruptcy and write-offs?
The things that have historical precedent. IE bringing the war home.

>To the extent you own PMs you don't have exposure to counterparty risk.
Again PMs as a "store of value" only make sense if you are a fake FIRE economy like western countries, "store of value" loses out to profitable assets every time.

I get it, you spent a lot of money on coins, but please spend some time researching things outside of your home threads (echo chambers) or you will wind up deluded like /gme/

>>57586737
The time between FDR's confiscation and revaluation of gold took a couple months. And you either profited or you ate shit on your bank holdings. The event to be watching for will happen all the same where things will materially change and you either rise with the tide of your sink under the water. You can do whatever you want once you get over that hurdle. Due to the leverage I'm not so sure a whole lot of anything will survive. I'd think it's prudent to keep a large portion of your assets away from any counter party.

>>57586757
/GME/ is actually true. The internet caught a market maker on the wrong side of a short trade. Them buying and holding is creating some serious liquidity issues and is the opportunity of a lifetime if you can afford to wait it out.
Short squeezes are real. So it supply and demand. GME shareholders have bought up 60% of the free float and locked it away with the transfer agent, yet the price goes lower. This is only possible with a systemic-naked-short position. Theoretically, cornering a market with price determined by true supply and demand is impossible because the price will move higher as supply dwindles. That doesn't happen here.
They did all the DD and they know exactly why. Citadel was cellar boxing GME and they just got trapped in an illiquid trade. \
Make no mistake about it. Citadel is toast.

Anon are you slow be honest

>>57580985
>Hitting
>Eating

>>57580953
Does she have an OnlyFans account yet?

>>57585998
capital ratios were targeted pre-GFC as well, they never did and never will matter. Banks will invent whatever entity, tool or new way of obfuscating or working around stuff. What Basel ruleset are we on? lol

>>57582218
>OP posting sexy thic latina
>"faggot"
Nope. Tranny.

>>57586614
>has less to do with age/
she's over 25, it's over

>>57582799
Alright let's go with your theory. The fed does not print money, it is created by banks who create a corresponding liability for every asset on the balance sheet. So in your system where does inflation come from?

>>57582799
cope

>>57589271
>Alright let's go with your theory.
With the actual reality of what happens? Yeah ok.

>So in your system where does inflation come from?
What you actually mean is
>explain to me why I think there is "inflation"
The answer to that is because the news keeps going on about "inflation" and you are brainless cattle.

>>57580953
>quantitative easing
Wait until you learn that 90% off the money supply isn’t even created by govts
You’re too stupid to understand fractional reserve banking?

>>57590011
You’re literally retarded and don’t understand money creation
Everyone here is dumber for having read your post
Money is created by private banks even they deem someone credit worthy

Because why settle for one means of taxation when you can have both? Do you think greed is limited to the private sector?

>>57580953

It's because without tax slavery, you would not have to use dollars as a unit of account. You are forced to convert everything to dollar values for reporting purposes, so the path of least resistance becomes transacting in dollars. Without taxation, what is stopping you from using better currencies?

Even silver went from 2 dollars to like 30 dollars per troy ounce in the past 40 years. Literally anything is more value stable than fiat.

>>57591007
You don't have the reading comprehension to comment.

>>57591043
Then why is USD used in in all international transactions? Argentinians aren't paying taxes in USD.

The dollar is a debt based currency. People like debt.

>>57580953
The thumbnail looks like a downie. I was disappointed by not getting to see a funny downie and then double disappointed by her in general.
You're lucky line has gone up and that makes me happy, or I'd have some nasty words for you, pal.

>>57591230
>thinks inflation is created by the news
how stupid are your parents?
there’s no way you weren’t dropped on your head as a kid

>>57591297
>thinks inflation is created by the news
You don't know what I think. You'll have to read more closely in future.

>>57580985
Also taxes are a burn mechanism for the fiat ponzi. Also with jews you lose.

>>57580953
You aren't wrong. However, taxes exist at a political level to redistribute assets as well as to incentivize/disincentize certain behaviors. Think tax credits for EV cars

>>57589271
Inflation in this scenario comes from increased supply of money in the short term, so more people borrowing more money. For example, raising your national debt 20% would severely increase the supply of circulating currency.

His post is correct, banks do create new money supply with lending, all money is created by debt, ect. Government spending is one of the larger pieces of the pie though

>>57580953

>>57589271
Banks are the sole source of inflation, meaning their balance sheet expansion via extension of credit

>>57589971
im sorry if you dont understand