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/biz/ - Business & Finance

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18991214 No.18991214 [Reply] [Original]

>Fiat Currency
>Inflation (interest on debt)
>Income Tax
lmao how did the industrial economy get away with this?

>> No.18991334

>>18991214
It's still new so not to late to get what it deserves now that people see how they're being scammed and sacrificed for the rich and powerful

>> No.18991382

>>18991214
by having it work, unlike your crypto trash

>> No.18991400

>>18991382
wrong
it is fiat because it is demanded in taxes
you make fiat and they way you make the masses use it, is with loans

you are then made a slave to pay out the loan, so you give value to the fiat

>> No.18991602

>>18991214
by keeping the majority of the population too stupid to understand what any of those terms mean

>> No.18991704
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18991704

>>18991214
>lmao how did the industrial economy get away with this?

By outsourcing everything to china to hide the inflation as wages collapsed relative to gold.

https://wtfhappenedin1971.com

>>18991400
We have a winner here ,yes and now taxes are collapsing with no survivors.

It's almost like biblical stories about preparing for hard times had a meaning behind them , should there be a gold standard the economy could stop for a quarantine.

But with fiat it can't stop even for a month without total collapse due to lack of reserves and only progressive taxes backing it that are also related to economic growth.

They created a collapse loop the fucking retards.

>> No.18991807

>>18991704
It's the debt that is the problem, not necessarily the money itself. Wouldn't we have the same problem if people had borrowed a bunch of gold-backed currency?

>> No.18991821

>>18991807
No, the problem is governments, before 1971 taxes were fixed in most nations today taxes like vat or income tax depend on economic growth.

And the "reserves" are those fucking taxes , if there was a gold standard you could simply eat the reserves and change the gold parity after the crisis.

Now it's only brrrrrr but other countries use usd as a reserve so the us brrrrrrr evaporates the other countries reserves too.