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/biz/ - Business & Finance

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11181571 No.11181571 [Reply] [Original]

What do my fellow /biz/nessmen make of this?

http://economicedge.blogspot.com/2010/03/most-important-chart-of-century.html

>> No.11181621
File: 77 KB, 882x709, Worlds-most-important-graph-2017.png [View same] [iqdb] [saucenao] [google]
11181621

>>11181571
>the most important chart of the century

Hahahahahahahahahaha

>> No.11181639
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11181639

>>11181571
Once africans discover internet porn en masse, their population will instantly stop growing. Shit thread, saged

>> No.11181640

>>11181571
Human misery may very well quadruple in Africa by 2050, but the population won't.

>> No.11181644

>>11181571
YES, AFRICA NEEDS MORE FOREIGN AID, GOYIM. REV UP THOSE REFUGEE QUOTA

>> No.11181648

>>11181571
Africa's population is propped up by the west. Once our population unrest begins, humanitarian help in Africa will stop and they will die. Their economy cannot sustain their numbers.
Ironically, humanitarian help in Africa is extremely inhumane.

>> No.11181670

>>11181571
>federal net oulays
stopped reading, kek

>> No.11181693

>>11181639
>>11181640
>>11181644
>>11181648
None of you so much as clicked the OP link.

>> No.11181702

>>11181693
True, I figured that what you posted was the content of it and took the other posts as assurance for that.

>> No.11181716

>>11181693
Where do you think you are?

>> No.11181726

>>11181571
Interesting stuff, it must have been obvious from the very start that such a debt-based money system is not sustainable in the long run. But I suppose they just wanted it to be sustainable for long enough to be able to hoard a whole shitload of valuable assets and leave everyone else in the dirt holding worthless paper bills. Every dollar is created as debt, so even if we could pay back the principal amount, where does the money to pay the interest come from? It doesn't exist.

>> No.11181737

>>11181726
I'd wondered about that since I was a kid. I'm trying to recreate the same chart for Australia

>> No.11181763
File: 148 KB, 1362x825, Diminishing Productivity of DEBT (2).jpg [View same] [iqdb] [saucenao] [google]
11181763

Genuinely interesting topic. Here is the chart from the article.

>> No.11181804

>>11181571
That we are getting fucked in the a by the powers that be

>> No.11181807

>>11181737
I wonder what arguments were originally used to pitch such a system to the people. It's become obvious that this debt will absolutely never be paid off, most nations are just barely managing to pay the interest.

>> No.11181814

>>11181648
I agree.

Why do we keep trying to prevent the deaths of hundreds of millions of people who will be nothing more than a burden to us should they live?

>> No.11181824

>Every dollar printed is loaned to the US gvt and must be repaid with interest.

>Every dollar issued instantly becomes debt that must be repaid with interest.

>The debt can never be repaid.

Why did they think this would be sustainable?

>> No.11181840

>>11181807
I don't understand how there can be more debt than money.

>> No.11181856

>>11181840
I am the Federal Reserve.
I lend you $100 which is all the money in existance.
You need to pay me back $110 in total due to interest.
Where do you get the $10 from?

>> No.11181867

>>11181840
There's vastly more debt than money. It's not only the Fed that's creating new money as debt, it's every bank. Banks only have to keep 10% of the money people have deposited there, they can freely lend out the other 90%. And then when they do, then the obligation to pay the debt back becomes an asset in itself, and they can loan out 90% of that and on and on. This system is called fractional reserve banking.

For example, if I deposit $1000 in a bank, the bank can loan out $900 of that. When they do, they've just "created" a $900 asset for themselves, of which they can loan out $810 and so on. No actual money to pay most of this back exists. And this is without even taking interest into account. The boomers pulled a fast one on us and our generation is the one who will have to start sorting this shit out sooner rather than later.

>> No.11181889

>>11181824
The debts being unable to be repaid is by design, lmao. It is highly profitable to trade boom and bust cycles, the fearful voluntarily give you everything heavily discounted and the foolish are willing to buy everything at inflated prices.

>> No.11182123

>>11181889
>it's supposed to collapse, bro
This is basically like the difficulty bomb on Ethereum, except we can't keep postponing this forever.

>> No.11182520

>>11182123
As long as debts are somehow forgiven (since they can't be paid back) and people forget/go along with it, it will continue to be postponed until something objectively absolute asserts itself over the fictional system.
The boom and bust cycle is definitely deliberate, and it is to secure as much wealth as possible before an absolute financial system arises.