[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 92 KB, 689x961, FBE51507-F00E-4385-9E75-0BD9F57F4C0B.jpg [View same] [iqdb] [saucenao] [google]
10446013 No.10446013 [Reply] [Original]

Are we not literally buying the top? Boomers are laughing all the way to the grave having lived through the final bull run of society. I think what we need is to get rid of paper money and implement a transactional burn on our inflating currency. Deflating currenies are too volatile.

>> No.10446048

>>10446013
Things are generally getting cheaper, more accessible, and convenient so things are fine.

>> No.10446051

>>10446013
only thing you need to get rid of is the international banking system and their fractional reserve banking scam.

>> No.10446078

>>10446048

Found the boomer

>> No.10446081

>>10446013
yeah and they've trapped everyone into caring about useless shit like gender and race instead of the economy and the environment, truly the doomsday for future generations. and it's funny because i see people on here not giving a shit about anyone but themselves but don't realize that previous generations are fucking them with he same mentality

>> No.10446115

Real money..... gold...... has to back the currency.

Read the constitution stupid heads.

You were not smarter than our brilliant founding fathers with you faggy cryptos.

That's not to say we can't have crypto but you have to back it with real money

>> No.10446133

>>10446013
OP- you don't even realize that paper money is absolutely fine as long as you can exchange that paper for real money... gold. At the bank

>> No.10446209
File: 204 KB, 968x634, boomers.png [View same] [iqdb] [saucenao] [google]
10446209

>>10446115
>fiat is backed up by gold

ok then what backs up gold retard? aside from market speculation of its value like the pump back in 2008? gold cannot back itself otherwise it ends up being a circulatory argument. fiat/crypto is perfectly fine as long as the foundations are implemented correctly. the only reason why fiat is fucked right now is because boomers in the 1940s with FDR inflated the shit out of the economy to fund their social welfare programs, but there's no reason why fiat can't function fine without such programs. good thing crypto can solve the fiat problem of corruption, there needs to be consensus and you can't just arbitrarily decide to pump the coin supply just because you can.

>> No.10446252

>>10446115

Why gold? Because its a finite resource? You could easily back money by an imaginary finite number.