Is this sustainable?

[Anonymous No.13582715]

Can this go on for ever and ever? Explain it to me like I'm retarded.

[Anonymous No.13582725]

>>13582715
economy works b/c of spending, money must be constantly printed to feed the spending machine, rising debt = growing economy, until inflation takes effect.

[Anonymous No.13582734]

sovereign debt is a meme. they can keep adding imaginary digits to their imaginary debt ledgers without consequence. this pops when WWIII breaks out, not a second before.

[Anonymous No.13582786]

>>13582725
>>13582715

printing money is not printing goods and services.
printing money is siphoning purchasing power from the people that produce goods and services to the people that print money.

nope this won't go on forever.

[Anonymous No.13582807]

>>13582715
you might want to read about MMT
intro thread this morning >>13570836

[Anonymous No.13582880]

>>13582786
>printing money is siphoning purchasing power from the people that produce goods and services to the people that print money.
It's only siphoning purchasing power if people don't beat inflation. Since the people that produce goods and services tend to become the 0.0001% (see Bezos) thus beating inflation, there is no issue. So it can go on forever so long as the average normie is blissfully ignorant to wagecuck forever.

[Anonymous No.13582933]

>>13582715
when it pops we will just have a world war, wipe out our debt, and then start the process all over

[Anonymous No.13582938]

Gross debt isn't very important, only debt to gdp. A billionaire might run a million dollar deficit one year, but that's peanuts to him. Worry about proportions not absolutes.

The US deficit is concerning, given that they're pumping money into the economy when they should be taxing. It makes no sense to be running such high deficits when things are going so well (thanks Trump). Still, who knows, things might work out.

DESU nobody can predict the future and you're an idiot if you think you listen to people who say they can. Read about black swans and so on. We don't really understand how the universe operates, we can only rationalize with hindsight.

[Anonymous No.13582947]

>>13582715
no

[Anonymous No.13582970]

>>13582947
When do I dump? I have 17k in stocks and 2k in USD

[Anonymous No.13582976]

>>13582715
If the rate of inflation continues to grow extremely fast but the amount of spending does NOT, then eventually $21 trillion won't be shit and we can pay it back easily.
In other words, we print more money.....but we do it REALLY fucking slowly. That's literally what we're doing right now.

[Anonymous No.13582988]

>>13582976
I thought every dollar issued is a dollar of debt to the central bank. Am I wrong?

[Anonymous No.13582992]

>>13582880
Bezos doesn't produce really anything. Amazon is a service that sells goods produced by some other country because the USA makes jack shit

[Anonymous No.13582993]

>>13582976
Quantitive easing

[Anonymous No.13583006]

>>13582715
Nope, Burgerland is doomed. The main reason America can run such massive deficits to fund the upkeep of our crumbling empire is because the dollar is the world's main reserve currency. Once it loses that status to the euro or yuan in the future America will no longer be able to run this deficit and we will no longer be able to fund our military that enforces the world neoliberal order on poor countries around the world. Then, with the help of a new communist superpower China, the masses of the oppressed third world workers will rise up, overthrow their bourgeoisie US-backed puppet governments and we will achieve world socialism and eventually world communism.

[Anonymous No.13583016]

>>13582976
USA actually inflates at some of the highest speed in the world it's just that other countries are so retarded that they pull our money out of circulation and hold onto it in treasuries. Fact of the matter is if all of these countries realize the dollar is a worthless pyramid scheme your country will go bye bye

[Anonymous No.13583017]

>>13582988
No your not! Printing money is a meme!
https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy

[Anonymous No.13583031]

>>13583006
>communist superpower China

Build those iPhones comrade!! *jumps off Foxconn roof and lands in suicide net* fuck those capitalist pigs!! *Buys Canada goose jacket and purchases real estate in Australia, Canada, and USA*

[Anonymous No.13583035]

>>13582880
bezos doesn't produce goods or services. he was in the business of losing money until he developed a business where he hires producers and service providers, because of cheap credit and his ability to sell his idea to venture funds

[Anonymous No.13583043]

>>13583031
t. brainlet that doesn't understand socialism with Chinese characteristics

[Anonymous No.13583047]

>>13583017
So how does the central bank accumulate all of our national debt if they're not the ones issuing the money and lending it to our governments?

[Anonymous No.13583055]

>>13583043
t. brainlet that doesn't even understand the point of communism

I guess being an overworked slave in a polluted hellhole like China where everyone is running scams to make a quick buck was the vision of Marx and Engels now or this is just damage control

[Anonymous No.13583066]

>>13583043
China literally doesn't even have free healthcare hahahahahah wtf kind of socialism is that?

[Anonymous No.13583095]

>>13583055
If you actually knew anything about Marxism you would understand Deng's intention. Marx believed societies went through different historical stages of development, capitalism being one of them. Deng argued that China was not developed enough to enter a socialist mode of production right away and that they had to build up their productive forces to accomplish this. Marx stresses the development of the productive forces as being necessary for achieving a socialist and eventually communist society. Deng used the free market reforms to encourage foreign investment to help build up China's economy as a prelude to socialism. Since Deng's reforms, China has become an economic powerhouse, and now Xi is beginning to turn China down the socialist path that was intended from the beginning. The market reforms were merely a means of building China up to achieving socialism.

[Anonymous No.13583109]

>>13583066
China has free basic healthcare for the overwhelming majority (or 95%) of its citizens and they are working on having it reach everyone by 2020.

[Anonymous No.13583120]

>>13583095
>Capitalism as a means to achieve communism

hahahahaha now that's the funniest joke I've ever heard. Good luck dealing with all of those Chinese CEOs who have no amassed a massive amount of power and capital producing lead paint toys for European children. I'm sure they can't wait to redistribute their lambos and won't just end up continuing to bribe the central planners and politicians and army to fight in their favor. Maybe a communist uprising works when 90 percent of the country is starving to death and getting bayoneted by Japs but unfortunately the rich are now too much of a powerful presence in China. Sorry retard

[Anonymous No.13583123]

>>13583109
Unless you have a poor social credit score...

[Anonymous No.13583131]

>>13583095

fuck off

https://en.wikipedia.org/wiki/Four_Pests_Campaign

[Anonymous No.13583134]

>>13583109
You're literally just fucking lying

[Anonymous No.13583135]

>>13583109

eurofag here, social medicare is a joke, you end up paying more than private insurance in the long run and get the worst service possible.

[Anonymous No.13583149]

>>13582992
thus why he said services. amazon does produce things though, including tv shows and movies.

[Anonymous No.13583150]

>>13583135
>you end up paying more than private insurance in the long run and get the worst service possible.
Shhh. People can't rationalize that.

[Anonymous No.13583180]

>>13583120
The CEOs ultimately answer to Xi and the CPC. Where do you think all the capital for China's massive infrastructure projects comes from? Xi has been curbing the influence of the billionaires in recent years. The USSR did a market reform right after the Civil War to rebuild the economy called the New Economic Policy or NEP. Eventually the government brought the NEPmen (people who made a lot of money during the NEP) into line after they served their purpose. Just because China has billionaires doesn't mean they run everything you fucking retard. If you actually understood Marx' theory of historical materialism you'd understand the development of societies from capitalism to socialism.
>muh European children lead toys
You mean the Europeans who force fed China opium for so long?

[Anonymous No.13583186]

>>13583149
That's not production, those are also services. A restaurant is a service and food is a product. A television show is a service and a the components that make the television are the product.

[Anonymous No.13583191]

>>13583131
>SPARROWS XDDDD
Shut the fuck up you literal retard.
>>13583134
You're literally just a fucking retard.
https://en.wikipedia.org/wiki/Healthcare_in_China
>>13583135
I don't care what your gay social democracy welfare capitalist country has. Socialism with Chinese Characteristics is the future.

[Anonymous No.13583214]

>>13583180
Cool so China is not communist right now is what you're saying how strange, comrade. But they will be soon!!!!! And it will definitely work it won't just lead to people neglecting property and a Mao style famine/purge again!!! Absolutely high IQ.

The British fed them opium but your stupid chink ass thinks the entire continent is Britain haha. If you hold such a grudge against people killing the Chinese maybe you should get mad at the communists that killed millions under Mao dumb fuck

[Anonymous No.13583232]

>>13583180
>Just because China has billionaires doesn't mean they run everything
>This is what fake communists actually believe

Are you sure you're not just a capitalist? This sounds like a Drumpf talking point. Nobody should have a billion dollars on the back of the worker and these people will need to be removed from society and have their money taken from them for us to achieve communism

[Anonymous No.13583249]

>>13583214
>Cool so China is not communist right now is what you're saying how strange, comrade.
I don't fucking care what a stupid, shit-eating right-wing retard like you has to say. You think you understand everything yet you don't even understand the first fucking thing about Marxism. You're just an assblasted Amerimutt who will get everything that's coming to him.
>your stupid chink ass thinks the entire continent is Britain haha
I'm not Chinese first of all, I'm white. I never said Britain was the entire continent. But the rest of the European major powers along with America and Japan invaded China and bullied them for decades. Just like the West and its puppets have bullied and enslaved countless nations all over the world. I'm just going to tell you that its not going to be that way for much longer. All the nations the West has pillaged are getting stronger everyday while the Amerilards shove hamburgers and Coke into their fat disgusting faces while watching the Kardashians. You morbidly obese degenerate pigs will get everything that's fucking coming to you, and I can't fucking wait.

[Anonymous No.13583252]

>>13583191
>Despite this, public health insurance generally only covers about half of medical costs
>Be Chinese
>Get hit by car
>Can't pay the second half of your medical bill
>Die

[Anonymous No.13583268]

>>13583249
>I swear I'm white!
>500 page cope of blaming Europeans for why China sucks dick and doesn't have free healthcare and why they're totally communist as they produce MacBooks on an assembly line

LOL

[Anonymous No.13583270]

>>13583252
>>13583249
>>13583232
>>13583214
Can we get back to whether or not US debt spending is sustainable or not? You guys can start another thread about Communism with Chinese characteristics.

[Anonymous No.13583280]

>>13583232
Many of my fellow socialists vehemently disagree with me on this point. The difference with China is is the state-capitalist system they have now was never meant to be permanent. It was meant to develop China's productive forces to eventually achieve socialism. China developed their own system and its working pretty well for them so I am inclined to side with Xi over some latte-sipping Westerner who has never been to China and doesn't understand the material conditions of the country. China is following their own path to socialism and I feel like they've gotten further than any retarded Western leftists have.

[Anonymous No.13583284]

>>13583249
For a huwhite you sure do hold a lot of resentment for injustices committed against the Chinese. I have never seen anyone so angry before on here it's honestly pretty impressive.

[Anonymous No.13583287]

>>13583252
>>13583268
Whatever Amerimutt. You'll get what's coming to you one day when the Burger and Coke machines run dry.

[Anonymous No.13583303]

>>13583280
Yeah they disagree with you because you're retarded.

[Anonymous No.13583308]

>>13583284
It's not just the Chinese. I'm pro-Russia, pro-DPRK and pro-China. The West pillaged and stole from both nations for centuries, among countless others. Now they're teaming up with the rest of the nations the West has subjugated to destroy the decadent hamburger empire once and for all.

[Anonymous No.13583313]

>>13583287
>Hurr everyone that disagrees with me is a burger

Protip: I'm from the country that got you hooked on dope

[Anonymous No.13583315]

>>13583308
*all three nations
Sorry, I added the DPRK right before I posted it.

[Anonymous No.13583322]

>>13583313
Lol even better. Your US-puppet state will burn with the rest of the decadent West.

[Anonymous No.13583325]

Why doesn't the government just buy a ton of bitcoins and pay off the debt when they make it?

[Anonymous No.13583329]

>>13583322
And you'll still be a HAPA incel communist that will never get laid because white women don't like your little yellow dick

[Anonymous No.13583348]

Guess I'm going to have to make a new thread since you retards have decided to argue about communism instead of the actual fucking topic. You guys really are /pol/ tier.

[Anonymous No.13583372]

>>13583329
Not an incel or a HAPA. I'm white and American and have gotten laid a couple times. I'm just your average Russophilic, Sinophilic American that hates the degenerate consumerist hamburger Kardashian culture that the West created and is attempting to push on every nation on earth at the point of a gun.

[Anonymous No.13583378]

>>13583372
>>13583329
Cool now shut the fuck up about your ideologies and tell me when to dump before the economy takes the biggest shit in world history.

[Anonymous No.13583381]

>>13582715
Yes it can. Just print 25 trillion coins LMAO
Then those 25 trillion will be pumped into estate and stocks rendering wagecuck salaries worthless.

[Anonymous No.13583382]

>>13583348
I just told you my opinion on your question and the /pol/fags came out claiming I'm an Asian incel. I hate /pol/ and wish they would fuck off.

[Anonymous No.13583397]

>>13583378
America has 10 maybe 20 years left as the world's superpower. The dollar is eventually going to get replaced by the yuan/euro. Learn Chinese and/or Russian and invest in the Belt and Road Initiative. That's my advice.

[Anonymous No.13583399]

>>13583348
On this episode of "everyone I hate is a nazi!"

[Anonymous No.13583408]

>>13583397
>dollar is eventually going to get replaced by the yuan/euro
RETARD holy fuck.

[Anonymous No.13583431]

>>13583372
the kardashian shit is gross but tard have you ever been to china and seen their dumbass reality tv it's just as retarded just in a different way and chinese love being as gaudy and flashing money in the most obnoxious ways possible lmao you think theyre disciplined revolutionary warriors or something ayyy

[Anonymous No.13583443]

>>13583399
No, you're a jackass sperging about ideology when I asked about US debt spending. Let's get back to the topic at hand.

>>13583408
Countries are already moving away from the petrodollar. We can't bomb everyone who tries to trade oil in something other than dollars anymore.

[Anonymous No.13583446]

>>13583397
exactly, this teach your children mandarin

[Anonymous No.13583478]

>>13583397
stupidest post i've seen in 5 years. the EURO? holy shit...

[Anonymous No.13583484]

>>13583408
>DOLLAR IS INVINCIBLE BECAUSE AMERICA
Shut the fuck up retard.
https://www.marketwatch.com/story/boes-carney-sees-the-us-dollar-eventually-losing-its-reserve-currency-status-2019-01-10
>>13583431
That's just the side effects of capitalism. It's all Western-influenced garbage for the new bourgeoisie class. Most Chinese are hard-working industrious people who are ready. Xi is turning things around for the better now. Besides, China's little bit of Western-style trash comes nowhere near the level filth and degeneracy emanating from the mental toilet of America.

[Anonymous No.13583491]

>>13583478
>LE EPIC RACIST MEME XDDDD
Go back to iFunny you faggot

[Anonymous No.13583494]

>>13583443
>>13583484
If you guys couldn't figure out that no form of fiat is winning then you guys are literal fucking retards. Dumbest fuckers on this board right now.

[Anonymous No.13583517]

>>13583494
Then what's winning you faggot? Your gay ass Memecoin?

[Anonymous No.13583528]

>>13582715
Debt never needs to be paid off.
Individual bonds do, but they can be paid with the revenue created from issuing and selling new ones.
Its called debt rollover or smth.
The only thing that does need to be paid is the interest on debt.
You can also pay that by issuing new debt but you have to be careful, if you issue to much new debt people will be less willing to buy it, you will have to entice them by giving them a higher yield on the bonds you issue.
If you give them a higher yield though, you will have to pay more interest and thus will likely have to issue even more debt at even higher yields to entice even more people to buy your bonds.
This can spiral out of control.
The only line of defense to keep this from happening is selling foreign reserves (mostly consisting out of gold for the US and europe, mostly consisting out of dollars for the rest of the world) instead of issuing new bonds at higher yields.
In order for this to work those foreign reserves need to be substantial in comparison to your debt. This usually isnt the case so a debt spiral leads to a loss of confidence in the underlying currency with a massive drop (stag or hyperinflation)
When this happens, all of a sudden your foreign reserves become very valuable compared to your debt and you can stop issuing debt and start selling foreign reserves.
Even the sheer possibility of this can calm the markets.

See 1970's for the US, yields skyrocketed to 14%, but gold skyrocketed 25-fold till the foreign reserves of the US was 25% of the debt.

[Anonymous No.13583535]

>>13583517
Figure it out dipshit it's already really obvious. Or you can keep trading whatever currency your using for more euros and yuans like the other guy.

[Anonymous No.13583538]

>>13583535
You really think your memecoins will be worth anything when the world falls to shit?

[Anonymous No.13583550]

>>13583535
>f-figure it out yourself!
You have no answer. It's going to be the yuan and you fucking know it.

[Anonymous No.13583566]

>>13583325
lol this

[Anonymous No.13583574]

>>13583538
you really think your ideologies will be worth anything when the world falls to shit?

[Anonymous No.13583588]

>>13583574
My ideology is not starving. So yes.

[Anonymous No.13583590]

>>13583574
Yes, because my ideology, Socialism with Chinese Characteristics, will be running the world by then.

[Anonymous No.13583598]

>>13583590
Fuck off with this shit and get back to economic doomsday, please.

[Anonymous No.13583606]

>>13583598
I'm talking about economic doomsday. For the US though.

[Anonymous No.13583620]

>>13583550
I know what it is, but given how you're an obvious chinese propaganda shill and a huge brainlet, I really don't want to spoonfeed you anymore. By the way China was one of the first to use paper money and guess what happened? Shit collapsed.

[Anonymous No.13583631]

>>13583620
I DON'T GIVE A FUCK GET BACK TO THE TOPIC

[Anonymous No.13583640]

>>13583135
Tatcher pls, stay dead,

[Anonymous No.13583645]

>>13583528
Thanks for this clear explanation

[Anonymous No.13583657]

>>13582933
this will not pop without creating a bloody mess.
imagine the US governemnt tells the hard working american ppl to drastically change their lifes to pay the debt the generation before them created.

stocks crashing to 0
millions losing their jobs
far right / far left rising
someone will blame minorities for this

or ofc a good ol world war. it will be ugly for sure

[Anonymous No.13583673]

>>13583535
he said no fucking shitcoins anon

[Anonymous No.13583678]

Were here because we are children of the internet. I've been browsing this website since 2007. Simple things like boting runescape, hosting counter strike servers and browsing the dark, probably tested linux once or twice.

All the applefags, (((google))), reddit, people on facebook with netflix in their face. While I'm still using my private torrent sites.

We found God

[Anonymous No.13583693]

动态网自由门 天安門 天安门 法輪功 李洪志 Free Tibet 六四天安門事件 The Tiananmen Square protests of 1989 天安門大屠殺 The Tiananmen Square Massacre 反右派鬥爭 The Anti-Rightist Struggle 大躍進政策 The Great Leap Forward 文化大革命 The Great Proletarian Cultural Revolution 人權 Human Rights 民運 Democratization 自由 Freedom 獨立 Independence 多黨制 Multi-party system 台灣 臺灣 Taiwan Formosa 中華民國 Republic of China 西藏 土伯特 唐古特 Tibet 達賴喇嘛 Dalai Lama 法輪功 Falun Dafa 新疆維吾爾自治區 The Xinjiang Uyghur Autonomous Region 諾貝爾和平獎 Nobel Peace Prize 劉暁波 Liu Xiaobo 民主 言論 思想 反共 反革命 抗議 運動 騷亂 暴亂 騷擾 擾亂 抗暴 平反 維權 示威游行 李洪志 法輪大法 大法弟子 強制斷種 強制堕胎 民族淨化 人體實驗 肅清 胡耀邦 趙紫陽 魏京生 王丹 還政於民 和平演變 激流中國 北京之春 大紀元時報 九評論共産黨 獨裁 專制 壓制 統一 監視 鎮壓 迫害 侵略 掠奪 破壞 拷問 屠殺 活摘器官 誘拐 買賣人口 遊進 走私 毒品 賣淫 春畫 賭博 六合彩 天安門 天安门 法輪功 李洪志 Free Tibet 劉曉波动态网自由门

[Anonymous No.13583701]

>>13583673
I never once brought up a shitcoin or mentioned any. Please actually read posts next time, who am I kidding this is /biz/ nobody reads. Everyone just clicks on the thread and click bottom.

[Anonymous No.13583726]

>>13583693
excellent, the chinkposters have all been shot and killed

[Anonymous No.13584461]

>>13583047
I don't understand... The central banks are the ones issuing the money & the debt. The debt NEVER gets paid, the tax collected never pays the principal, just the interest only. Check out 'the grace commission'

For the money to be issued a debt is put on the accounting books, for every debt there is a credit. If you borrow from a bank, when you pay back the debt, its a debt to you & a credit to the bank.

[Anonymous No.13584481]

>>13583325
Without debt there is no money! If all money is debt and someone comes along & pays that debt... 'money' aka promissory notes cease to exist

[Anonymous No.13584504]

>>13583135
>you end up paying more than private insurance
While in USA
>$2500 just to get to the hospital
>$200k for a surgery

[Anonymous No.13584623]

>>13583135
You don't know how bad it is in the states! UK fag here, lived in the states for time...we had one of the best insurance policies you could get.

Step 1 go to doctor - Pay a co pay
Get referral to see specialist
Step 2 wait for insurance company to approve specialist
They might refer you on but pay for co pay first
wait for approval for insurance company.
The Insurance company might no approve of all of what the doc things you need..gotta keep costs down you know.

Listen kid, you have no idea how bad it is in the third world! I could tell you horror stories of 'health care' system in the states with eye watering money paid for things YOU take for granted!

[Anonymous No.13584931]

>most fanatical America haters are always American
Every time.

[Anonymous No.13584956]

https://www.youtube.com/watch?v=emyqyd5acOA

Yes it is.

[Anonymous No.13585098]

>>13582715
how can i long this chart with 100x leverage

[Anonymous No.13585273]

>>13584931
I am not American, literally turn down Burger citizenship cause I am not a full blown retard!

[Anonymous No.13585289]

>>13584931
I am not American, literally turn down Burger citizenship cause I am not a full blown retard!

[Anonymous No.13585332]

>>13583397
>The dollar is eventually going to get replaced by the yuan
Thanks, I needed a laugh this morning.
>>13583484
>Most Chinese are hard-working industrious people who are ready.
Your average Chinese is a barely literate peasant.

[Anonymous No.13585558]

>>13585289
So you're just some faggot running his dick sucker without knowing shit of what he's talking about. kys

[Anonymous No.13585666]

>>13583016
China has over 40 trillion in national debt, nearly double the US.

[Anonymous No.13585679]

>>13585332
Indians are much more creative and intelligent than the rest of asia, imo they shouldn't be classified as asian, it's an insult.

[Anonymous No.13586150]

>>13582970
what the fuck are you waiting for?
waiting the bottom so you can sell?

[Anonymous No.13586275]

>>13585558
Burgers....So happy I left that shithole!
try leaving your state ffs!
t. Never will I admit to being American, I people ask me where my accent is from I tell them I am Canadian even though I have only been to Canada for 2 weeks of my life!

[Anonymous No.13586310]

>>13583006
>Once it loses that status to the euro or yuan
Too bad Europe and China are on the verge of collapse as well. This won't happen in our lifetime.

[Anonymous No.13586350]

>>13584931
Because I experience the degeneracy and retardation of this country first hand.
>>13585332
Do you really think that Burgerbux will be the main reserve currency forever?
>>13585666
Source

[Anonymous No.13586386]

>>13586310
>China is on the verge of collapse says Westerner for the 50th time this century.
Lol they've been saying this for years and China has only gotten stronger and wealthier.

[Anonymous No.13586396]

>>13583325
Why don't we just print tonnes of money to pay off the debt and then make new notes to account for the hyper inflation?

Then people will get paid in the millions but still be broke as before but atleast the debt will be paid.

[Anonymous No.13586439]

>>13582938
You're right but 25 trillion is a huge proportion

[Anonymous No.13586449]

>>13583657
Nobody is gonna change their life to cut spending when they can just vote for the other guy who won't will spend more to kick the can further down the road.

[Anonymous No.13586959]

>>13582715
I'm a bit of a brainlet when it comes to this but where do governments actually borrow money from?
Who in their right mind would lend the US government money?

[Anonymous No.13586999]

>>13582786
Exactly it's a modern form of slavery of the masses.

[Anonymous No.13587039]

>>13583095
Marx was wrong so his predictions are irrelevant

[Anonymous No.13587067]

>>13586959

https://www.youtube.com/watch?v=iFDe5kUUyT0

Watch this and you'll learn how fucked up the system actually is.
It's an actual clown world going on in the banking system.

[Anonymous No.13587141]

>>13582715
A more relevant graph would be the interest payments on the dept as a part of GDP or as a proportion of tax revenue. This is scary and all, but it doesn't tell you all that much by itself.

[Anonymous No.13587147]

>>13587039
No, he's right and he'll be proved right. You probably don't even know what he said anyway.
>>13587067
>Big bank bad
It's not just the Fed you retard. The Fed is just a symptom of the bigger problem that is modern consumer capitalism in itself.

[Anonymous No.13587186]

>>13587147
>Big bank good, live like serfs and don't consume more than you need.
Isn't it funny how the consumerism capitalism wasn't a problem when there was actual gold backed currency that couldn't be inflated to shit?

[Anonymous No.13587193]

>>13583095
>and now Xi is beginning to turn China down the socialist path that was intended from the beginning

>social credit system
>concentration camps holding millions
>forced organ harvesting
Yep, it's the nightmare any intelligent person would expect from yet another attempt at this nonsensical shit

[Anonymous No.13587195]

>>13582715
no

[Anonymous No.13587211]

>>13587186
Isn't it funny that capitalism had to keep growing it's profits infinitely so they had to ditch the gold standard to create a bigger money supply? Capitalism doesn't stop growing and developing at your whim you fucking retard.

[Anonymous No.13587224]

>>13587193
>Believing all this retarded Western propaganda
I bet you think Assad, Gaddafi and Kim Jong-Un are evil bad guys too.

[Anonymous No.13587278]

>>13587224
Found the Chinkposter. Bet you believe the Tienanmen Square massacre never happened either.

[Anonymous No.13587326]

>>13587278
I'm American, but I'm pro-Russia, pro-China and anti-West

[Anonymous No.13587328]

>>13583043
动态网自由门 天安門 天安门 法輪功 李洪志 Free Tibet 六四天安門事件 The Tiananmen Square protests of 1989 天安門大屠殺 The Tiananmen Square Massacre 反右派鬥爭 The Anti-Rightist Struggle 大躍進政策 The Great Leap Forward 文化大革命 The Great Proletarian Cultural Revolution 人權 Human Rights 民運 Democratization 自由 Freedom 獨立 Independence 多黨制 Multi-party system 台灣 臺灣 Taiwan Formosa 中華民國 Republic of China 西藏 土伯特 唐古特 Tibet 達賴喇嘛 Dalai Lama 法輪功 Falun Dafa 新疆維吾爾自治區 The Xinjiang Uyghur Autonomous Region 諾貝爾和平獎 Nobel Peace Prize 劉暁波 Liu Xiaobo 民主 言論 思想 反共 反革命 抗議 運動 騷亂 暴亂 騷擾 擾亂 抗暴 平反 維權 示威游行 李洪志 法輪大法 大法弟子 強制斷種 強制堕胎 民族淨化 人體實驗 肅清 胡耀邦 趙紫陽 魏京生 王丹 還政於民 和平演變 激流中國 北京之春 大紀元時報 九評論共産黨 獨裁 專制 壓制 統一 監視 鎮壓 迫害 侵略 掠奪 破壞 拷問 屠殺 活摘器官 誘拐 買賣人口 遊進 走私 毒品 賣淫 春畫 賭博 六合彩 天安門 天安门 法輪功 李洪志 Winnie the Pooh 劉曉波动态网自由门

Shoo shoo yellow jew

[Anonymous No.13587349]

>>13583006
Delusional commie.

[Anonymous No.13587361]

>>13587326
How do you explain the social credit score and other draconian shit going on in China that literally no one disputes?
Plus infrastructure is garbage outside of the major cities and there is no freedom of speech.
Do you really think any of this is controversial?

[Anonymous No.13587376]

>>13587328
Nobody cares what you have to say faggot, America is going down the tubes and China is on the rise.
>>13587349
Delusional Amerifat

[Anonymous No.13587405]

>>13583006
>the masses of the oppressed third world workers will rise up

you mean like the uyghursor more like those fucks that can't travel anymore because they don't have enough social points?

[Anonymous No.13587408]

>>13587361
It's all exaggerated by Westerners to convince them that China man bad. The infrastructure is very good for a country of that size. They have high-speed rail all over the country while Martshartia has a bunch of crumbling, congested highways and collapsing bridges.

[Anonymous No.13587437]

>>13587408
What do you mean "exaggerated?"
Explain to me how the social credit system works.

[Anonymous No.13587473]

>>13587437
https://www.scmp.com/news/china/politics/article/2185303/hi-tech-dystopia-or-low-key-incentive-scheme-complex-reality

[Anonymous No.13587859]

>>13583693
Why do you omit the part about Winnie the Pooh? Suspicious.

[Anonymous No.13588935]

>>13586999
Based trips

[Anonymous No.13588968]

>>13587211
>Capiralism ditched the gold supply

No, you commi nigger

[Anonymous No.13589044]

>>13588968
>NOT REAL CAPITALISM
Then what was it?

[Anonymous No.13589082]

>>13586439

Well, our economy is like 20 trillion. Most of the debt is privately held anyway, and the US is the strongest force on the planet so no one's going to make them collect if shit hits the fan.

Worst case scenario this shit pops, a lot of people get fucked out of their bonds/treasuries and whatever, we get a recession and then we rebound like nothing happened. Boom/bust cycle is a given, all you can do is prepare.

[Anonymous No.13589129]

People like to fixate on the negative aspect of debt-fueled growth economies that can't last forever (in theory), but the truth is they do accelerate growth and progress. When the system busts, people lost a lot of their investments and money, but the IP and products derived from said debt fueled hyper charged economy remain, and we can use these moving forward.

The alternative is a pragmatic, but molasses economy where people and governments cling to their tangible assets and refuse to engage in credit. The Middle East isn't exactly a bumping place.

[Anonymous No.13589215]

>>13582715
it can go on until about 2050

[Anonymous No.13589688]

>>13582970
You better fucking sell immediately. The 11 year long bullrun will end soon.

[Anonymous No.13590149]

>>13589129
The US in the late 19th century was arguably the strongest economy in history but had strong savings and minimal debt.

We dont need debt to fuel economic growth. Thats just what (((they))) want you to think.

[Anonymous No.13590599]

>>13582734
One of the few based answers here. /biz/ is retarded
>>13582938
also based
>>13583016
>2% is highest in the world
ok retard
>>13582976
also based

[Anonymous No.13590683]

>>13590599
Unironically believing the fake 2% inflation figure

[Anonymous No.13590739]

>>13590683
>random infograph that intentionally adds outliers to increase the average despite the whole weakness of averages being weird outliers
>shadowstats(((.com)))
you realize they're selling something and this just helps that goal, right? Get a better source bro.

[Anonymous No.13590805]

>>13590739
Dude open your eyes. Things don't get 2% pricier every year. It's more like 10%. If you live in any major city it's even higher than 10.

[Anonymous No.13590840]

>>13590805
>price of life needs double every 7 years
>oh hey my increasingly technologically advanced shit increased in price oh gee I'm sure being inflated it's not like cost to manufacture and cost to develop increased
>oh hey my anecdotal evidence works retard, even though bread and water is cheap as fuck

[Anonymous No.13590897]

>>13583484
Imagine being this pissed of your existence

[Anonymous No.13590940]

>>13590840
Bread is fairly expensive if you want good quality bread not that corn syrup stuff. The same quality our grandparents were able to get at a cheap price. And water bottles are expensive at ampm and such.

[Anonymous No.13591044]

>>13590940
I pay like 2.80 for a 24 pack at the local store, and about 4 for a loaf of sourdough/oatmeal/rye bread.