/biz/ - Business & Finance

>>58541628
You. Back to work wagie.

>>58541640
I'm 28 and never had a job in my life

>>58541628
>retard doesn't understand how money is created the thread number 993727

>>58541628
wagie wagie get back in your cagie

>>58541684
how is it created?

>>58541628
Who is the globe in debt to, aliens?

a diminishing future generation

>>58541720
Money is created by creating an equal amount of debt. As long as the money exists, the debt exists.
And to answer your OP question:
Nobody will pay the debt. People keep using money and don't want to remove it.

>>58541628
Dont worry itll be hyperinflated away. As long as the economy grows nominally faster than it grows its literally never a problem because of that.

>>58541749
>Create money with debt
Imagine living in the crooked banking austen so long you think this is how "money is made." Imagine being this comfortable with ledger manipulation and open thieft.

>>58541829
He's right though. Look at any piece of currency. It represents generic debt. We trade this debt around in exchange for goods and services. Money itself doesn't have value, it represents the transmission of negative value that must be balanced with a positive value (the good or service). The problem is that it used to be money was made with metals that were valuable in and of themselves not just as debt exchange.

>>58541684
>>58541749
>thinks there are no consequences for creating money at an accelerating rate
>thinks no one bears the cost of money creation because he thinks the only way to "pay" for something is with monopoly money
>ignores all objective evidence of global financial decay directly caused by profligate debt creation
modern monetarists are legit retarded

>>58542140
It's funny how millennials and boomers complain of how boomers just past the negative consequences of their fiscal policy to them but here we are willing to do the same thing

>>58541628
Capital gains taxes on chainlink holders.

Not only have boomers extracted all the wealth and destroyed the economy in their time, they want to take the wealth of all future generations too

>>58541628
AI/robots

>>58541628
No one because it isn’t real and no one wants to. Sorry oldfags, you don’t need shiny metal to make money anymore

>>58541628
That's how much they rugged so far retards.

>>58541628
>world debt
Nonsense - who is the world in debt to? Net debt should be zero unless we're lending off-planet; economics is zero-sum.

>>58541628
"Debt" to the Federal reserve is just how FIAT is designed for slavery. If we wiped everything clean, and the government printed $20(now they owe $20 to the fed), then paid it back after a year, everything's fine right? Wrong, now Americans owe the interest on the debt still, and there are no more dollars to pay it since there was only ever $20, whoops taxpayers are slaves now.

>>58541829
imagine not understanding double entry accounting

>>58542822
add up all the value of public debt (treasuries) and private debt and thats the number it comes to

>>58541628
Why do we need to pay? What will anyone do about it kek

>>58542874
I know how they arrived at the value. I'm saying it's nonsense.
If I were to enter a closed system, say a room, with 10 friends - and we each brought $10 with us, there would be $100 of value in the room. If we each lend each other $10 circularly, there's now $100 of debt and $100 in the room. Nothing has changed, everybody still has $10; but now there's also debt and debt is worth more than nothing (interest) and so the value of the room increases.
Nonsense.

>>58541749
>>58541720
Debt is like negative money. When debt + money are created, the sum up to zero and when the debt is repaid, both the debt and money vanish.
Except.. there's interest. So when the debt is repaid, a net amount of debt remains. So all the debt CANNOT be paid back. If you tried, you'd annihilator all money and be left with all the debt from all the interest.
The system requires unending, exponential growth or it fails.

>>58542822
>>58544322
The supply of money has value in relation to the supply of goods and services. What can the 10 friends in that closed system use their money to buy?

>>58541724
Banks.

>>58541749
>Money is created by creating an equal amount of debt. As long as the money exists, the debt exists.

You forgot about interest. They make $1000 poof into existance and loan it to a bank. The bank gotta return that $1000 + interest.
Where the fuck is that interest coming from if there's just $1000 in the market? You can't create more fiat currency, so you literally can't pay the interest back. You can create new riches but that doesn't mean there will be more currency to pay the interest in fiat currency. The only one that can relieve you of that interest is the central bank, loaning EVEN MORE CURRENCY to you, that makes the interest snowball, devaluing the currency.
TradFi after they ditched gold standard has gone to shit, its literally a scam to enslave the population.

>>58542822
>Net debt should be zero
Interest

>>58541628
Debt is a social construct just pretend it doesn’t exist like and start over with a new economic system that isn’t debt based

>>58541628
Lol. Imagine thinking debt has to be paid.

>>58541628
We’re gonna build a galactic bridge, and the aliums will pay for it!

>>58542863
I don't care about your need to over extend yourself in pursuit of infinite growth anymore than I care about the entities that still pretend shit paper fiat is an actual form of money. Real unmunipulated money itself operates as a general ledger. when that money supply is manipulated, it doesn't matter how you are cooking your books.

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>>58541646
probably your children then.
don't chop your balls off, zoomie.

>>58542822
maybe shut the fuck up and stop being so gay

>>58541646
same but 35
and i have 420k saved from youtube good luck streak

i just need to 3x tis

Modern society literally runs on perpetual debt - it's fine

ICELANDIC ARYAN 6'6 CHAD REPORTING IN TO AGARTHA HERE.
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>>58541628
a gold revaluation
silver will be bigger.

>>58541720
https://youtu.be/rdaAoiH8nCI
its basically a schizo scam

>>58541628
Not even CONAN would fight that back, but his coin is still great

>>58541628
no one, everyone will be left with a grudge, even if I make a lot of money with Kendu the last thing I would think about would be paying more taxes or contributing something to the country, if I were in charge I would not borrow money that I cannot pay back

>>58541628
>>58541640
>>58541646
>>58541684
>>58541696
>>58541720
>>58541724
>>58541728
>>58541749
>>58541752
>>58541829
>>58542088
>>58542140
>>58542525
>>58542579
>>58542540
>>58542628
>>58542742
>>58542754
>>58542822
>>58542853
>>58542863
>>58542874
>>58542901
>>58544322
>>58544333
>>58544352
>>58544560
>>58544574
>>58544579
>>58544616
>>58544625
>>58544627
>>58544816
>>58544854
>>58544866
>>58544883
>>58544886
>>58545158
>>58545168
>>58545358
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-
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>>58544333
>>58544574
Interest doesn't leave the economy. It's not "destroyed".
>>58541829
You live there as well faggot. I never said I was comfortable or uncomfortable with it. It is what it is. Stop talking like a 14 year old.
>>58542140
I never said or implied any of your statements. You just go into a discussion with the goal to be offended.

>>58542853
>doesnt understand it would be even worse under a gold standard
you think workers weren't slaves before the fed? top kek

>>58544883
yeah right

>>58547074
>>58547074
I know you don't like this, but yes, I did made a fuckton of money from 2018 2023, now making 0. Stay mad waggie.
The truth is, it fucking sucks since I cannot be brainwashed into wagging after having made 20k a month.

>>58547096
you made 20k a month doing what? And why can't you keep doing it?

>>58541628
#Chainlink #LinkTheWorld

>>58541628
Aliens
We have to invade them first to protect the economy

>>58547208
videos, youtube cut my monetization so im fucked
"just start from scratch bro"
lol. its a miracle i havent kms. once you make money you realize its not how much you have but how much you are getting.
if i had 10 million then ok, but 400k is nothing when your income is 0. inb4 wagee

>>58547438
You must have had a shit ton of views and subscribers to make 20k per month. What was your content? And 400k is not nothing, even with safe investmens you get quite some money still not doing shit

>>58547477
>even with safe investmens you get quite some money still not doing shit
for now while the interest rates are "high" I get minim wage after taxes... im devastated, and when they lower rates i will not even make minimum wage

yes I had a fuckton of views, I cannot disclose details, they just went from liking the content to fucking up people that were doing it. and they dont even tell me which videos are the issue to monetize again. fucking croked bunch this website.

>>58542088
Wtf you talking about. No, when gold and silver was used, not credit FIAT, the money supply didn't explode. It grew with the miners mining it. You didn't have inflation, you had deflation on goods (they became cheaper). You can in no way, shape or form compare money to FIAT credit

>>58548543
>nooo you can't just use FIAT credit as money.
Goldbugs be seething


>you had deflation on goods (they became cheaper)
Deflation is not a good thing btw. Arguable even worse than inflation.

>>58548675
Fuck off, why is savings not turning worthless a bad thing? Why is food turning cheaper a bad thing? Not in modern day insane % of course, just 1800s america deflation. Go eat a pile of cow dung.

>>58541628
Debt makes zero sense. I have a finance degree and shit is meant to make no sense. The 300 trillion debt number that keeps going up is absolutely meaningless. It has no meaning ore relevance to anything. Nobody ever pays it back. It's not a bill that someone has to pay. The whole system is bullshit. I went to business school and I cannot tell you what the fuck any of it means.

>>58548682
keep seething lol


>Why is food turning cheaper a bad thing?
It isn't but unemployment and high interest rates are. Economy goes to shit when rich people start sitting on their pile of gold like dragons without spending it.

>>58541628

Who does the world owe 315 trillion to? Aliens?

>>58548703
Moron take. In the first 138 years of the USA there was -0.2% deflation. The US had the greatest growth in its history during that period. Inflation MMT retards like you are so stupid you think growth of the money supply has to be infinite. All that does is devalue the currency and cause debt spirals. You are an inflation whore and don't know shit about the economy. How do you get out of bed in the morning with so few synapses firing?

>>58548762
Why are you so emotionally invested? I only stated some facts. I didn't even tell you anything about my views.

>>58548762
>In the first 138 years of the USA there was -0.2% deflation. The US had the greatest growth in its history during that period.
Measured in what?
Do you think a gold rush is desirable human occupation?

>>58548703
Go eat cow shit you retarded mmt faggot. You can't even read a history book.

>>58548788
No shitcoins obviously is.

>>58541628
white people

>>58548793
Yeah seething.
You are not contributing anything of value to the discussion.
You will never understand they reasons we got where we are.
You will never come up with a valid alternative.
You are damned to repeat past mistake.
Go spread your impotent rage on the internet. It will achieve exactly nothing.
You are the perfect nigger cattle.

>>58548817
Holy shit, shalom teacher. We got to where we are now because of jews.

>>58548905
So according to you every single country where they use Fiat is controlled by the jews including China and the Muslim countries?
These slitted eyed jews man...

>>58548905
Maybe you should go to turkey or iran and let them know they are controlled by jews.

>>58541628
Crypto kikes and actual kikes, everyone else will be burning everything ever built

We're going to build a war and make Palestine pay for it

Laughing at all the noobs missing out on AGRS. AI domination is happening.