/biz/ - Business & Finance

[Anonymous No.24874544]

Ahh geeez dude

[Anonymous No.24874561]

and bill collectors want me to payback $3000. kek

[Anonymous No.24874575]

IM ON THESE PILLS BRO

[Anonymous No.24874589]

>>24874544
kek fuckin checked.

[Anonymous No.24874597]

ah geez dude i dunno i can pay like two dollas

[Anonymous No.24874604]

>>24874544

[Anonymous No.24874615]

DONT WORRY WE WILL JUST PRINT MORE MONEY

[Anonymous No.24874622]

>>24874544
>Ahh geeez dude
brown curry stained hands typed this post

[Anonymous No.24874640]

Wake me up when it’s a quadrillion

[Anonymous No.24874642]

Ohh noo that sucks

How will Berg get his monthly billion?

[Anonymous No.24874646]

Why don't we just print $28 trillion real quick and start over?

[Anonymous No.24874651]

I got this foot problem

[Anonymous No.24874666]

>>24874544
Modern Monetary Theory works. It's time for MMT for the goys and not just the chosen folk.

[Anonymous No.24874726]

>>24874666
>Modern Monetary Theory works.
You absolute fucking brainlets need helicopter rides. You're literally responsible for global poverty. Kill yourself central bank bootlicking cuck.

[Anonymous No.24874749]

>>24874615
Libertarians have been moaning about the national debt for 150 years and their prediction has never come true.
Give it up.

[Anonymous No.24874758]

>>24874544
That's just 1 billion BTC.
Oh wait, there aren't that many.

[Anonymous No.24874782]

>>24874666
It works for the banks yeah, like everything does

[Anonymous No.24874807]

>>24874726
Mate, I'm sorry but the gold standard was totally jewed. I don't give a shit that niggers and panjeets are living in poverty. The west is all that matters.

[Anonymous No.24874812]

>>24874749
>Libertarians have been moaning about the national debt for 150 years and their prediction has never come true.
Except every single recession and depression.
We are correct. Seethe more.
Your policies would push us into another great depression.
You bootlickers shouldn't be allowed to vote.

[Anonymous No.24874849]

>>24874807
>Mate, I'm sorry but the gold standard was totally jewed.
What do you mean jewed? You mean taken over by jews and destroyed in favor of central banking? Yes.
>I don't give a shit that niggers and panjeets are living in poverty.
It's not just niggers you fucking idiot, it's YOUR living standards. You're literally implementing Africa tier policies like Zimbabwe.

[Anonymous No.24874856]

>>24874749
Oh sure, the US is perfectly fine as it is today.
Bet you voted for Biden.

[Anonymous No.24874865]

>>24874544
gosh that's a lot of commas

[Anonymous No.24874909]

>>24874726
>>24874782
Central banking is the best way yet devised of managing a currency supply, which is why even countries like Iran have adopted it.
The problem is that currently our central banks are run by the wrong people.

Instead of the Central Banks being the pay piggy for multinational banks, how about they serve their respective national governments.

[Anonymous No.24874977]

>>24874856
The nations problems have been first and foremost cultural, everything streams down from there.

>>24874812
Yes, the Great Depression was totally not caused and prolonged by the Fed's decision to do nothing and the governments decision to shut down international trade via tarrifs.

[Anonymous No.24874979]

>>24874856
It's fine if you're an investor and landowner.

[Anonymous No.24874995]

>>24874909
>Central banking is the best way yet devised of managing a currency supply,
By managing do you mean destroying?
>which is why even countries like Iran have adopted it.
Oh yeah because Iran is a successful country lmao. States adopt central banks because it benefits the state apparatus and the financial elites.
Imagine thinking states have the best interest of their people in mind.
America had an industrial revolution with massive increases in living standards and falling prices under a free banking gold standard system

>The problem is that currently our central banks are run by the wrong people.
Ah, yes we need a white central bank which will do the same exact thing, destroy the value of the currency.

[Anonymous No.24875032]

>>24874977
>Yes, the Great Depression was totally not caused and prolonged by the Fed's decision to do nothing
The great depression was CAUSED by the federal reserve's money bubble creation and the massive government intervention that followed.
Please read a book.
https://www.amazon.com/Americas-Great-Depression-Murray-Rothbard/dp/1607960656

>and the governments decision to shut down international trade via tarrifs.
At least you acknowledge that.

[Anonymous No.24875057]

>>24874979
This.
Central banks just artificially increase asset prices(stocks, housing, land) while everything else lags behind.

[Anonymous No.24875061]

>>24874544
>Only 67.5k per person
>This is 13.5k per person per year in 5 years
>Even lower if we make it progressive taxation and proportional making the top 1% pay 99% which would be 13,365 for them and normal people paying around 135 per year.
>$135 dollars tax

Ezpz.

[Anonymous No.24875073]

>>24874977
>Yes, the Great Depression was totally not caused and prolonged by the Fed's decision to do nothing and the governments decision to shut down international trade via tarrifs.
https://en.wikipedia.org/wiki/Depression_of_1920–1921
depression of 1920 was arguably worse and yet was over within a year solely because the government did nothing and let the business cycle do its thing rather than interfering

[Anonymous No.24875113]

>>24875061
Pic related you're wrong
also this doesnt include the unfunded liabilities

[Anonymous No.24875120]

>>24874749
Ah, look at the greenbacker. Your policies will turn the US into a shithole real quick. How many socialist countries to fall victim to hyperinflation before you get a clue?

[Anonymous No.24875149]

>>24875120
>Your policies will turn the US into a shithole real quick. How many socialist countries to fall victim to hyperinflation before you get a clue?
They're fucking clueless, they fail to learn anything from history. They're just clueless authoritarians.

[Anonymous No.24875169]

>>24875113
>debt per taxpayer
fuck

[Anonymous No.24875193]

>>24874995
There were massive recessions in the 19th century, but because cameras didn't exist, you didn't know about them.
Do you agree that deflationary pressures are a problem at all? How can you service growing production with a stagnant money supply without massive deflation?

Iran is destroyed because of your nation (US presumably) enforcing an international oil export embargo on them.
Yes, states can have the interest of the Nation and people at heart:it's called fascism.
The industrial revolution tripled yearly working hours in my country (and didn't triple yearly wages for a long time after) and paved the way for modern wage slavery.

[Anonymous No.24875211]

is the government doing a match your dollar program or something, where they match 1:1 with every dollar in tax you give to them?

[Anonymous No.24875228]

>>24874977
You could argue many of these cultural problems were caused by our financial policy. Everything from women in the workforce to our continually rising costs of living.

[Anonymous No.24875227]

>>24875149
Arguing with them is pointless so I steer them towards the cartoon version of "The Road to Serfdom." Easily digested...

[Anonymous No.24875251]

under a gold standard nothing would stop the government from controlling the metal mines, fixing prices, and manipulating the market

[Anonymous No.24875261]

GUH

[Anonymous No.24875361]

>>24875032
Have you read Galbraith, Friedman or Keynes' opinion on the great depression? Because they offer a more rounded perspective.

>>24875061
Why do you want to wipe out peoples pension funds? People don't realise that the national Debt in western countries are 80%+ Boomer psuedo taxes via the sale of government bonds.

>>24875073
But that's what they did for the great depression too. Ask yourself why the situation was different (hint a weak banking system)

[Anonymous No.24875389]

>>24875251
this is the real blackpill. humans are hardwired to game systems to their benefit.
due to the current extreme wealth inequality seen globally, it actually doesn't matter if your project has a fair launch or is ideal or anything like that, at least not in the long-term. the inequality corruption will flow upwards onto any project built upon it.

[Anonymous No.24875399]

>>24875193
>but because cameras didn't exist, you didn't know about them
Why are state/CB shills so retarded bros

[Anonymous No.24875417]

>>24875228
Explain how women started to join the workforce from the 50s and 60s, when America was King of the World?
Women in the work force is a totally cultural issue, driven by consumerism.

[Anonymous No.24875434]

>>24875193
>There were massive recessions in the 19th century
They were relatively minor compared to the ones have since the fed.
All of those recessions were either caused by central banking or government heavily intervening in the market/banking.
https://wiki.mises.org/wiki/Panics

>Do you agree that deflationary pressures are a problem at all?
I think Keynesians are retarded and that a normal natural deflation being the result of an increase in efficiency is an amazingly good thing. Inflation is what is bad.
>How can you service growing production with a stagnant money supply without massive deflation?
Are you people actually this brainwashed? From 1865-1913 we had a massive increase in production, massive increases in living standards all while on a deflationary gold standard.
How the fuck do you explain this?
Price fell year after year.
>Iran is destroyed because of your nation (US presumably) enforcing an international oil export embargo on them.
Also due to their central banks, but okay.
>Yes, states can have the interest of the Nation and people at heart:it's called fascism.
That's when the state has it's own interests in mind and tells the people to be it's slaves, only cucks think otherwise.
>The industrial revolution tripled yearly working hours in my country
This is highly unlikely or you are extremely confused.
The industrial revolution in america massively reduced working hours, long before government or unions got involved to change anything. pic related
>modern wage slavery.
Something you idiot inflationists SUPPORT. You're happy your wages constantly lose value and the working class has no savings.

[Anonymous No.24875441]

>>24875361
>But that's what they did for the great depression too. Ask yourself why the situation was different (hint a weak banking system)
they did for a bit, but after FDR was elected he completely cucked and ruined the recovery by intervening and the US only got out with WW2
the business cycle is natural, you need to let it run its course

[Anonymous No.24875463]

>>24875399
Yes, you couldn't get pics like this with 19th century cameras.

[Anonymous No.24875487]

>>24874544
aaah dude my population is on those fenta pills dude

[Anonymous No.24875488]

>>24874544
Ah geez dude, 27 trillion?
I could give you uhh 3 dallahs?

[Anonymous No.24875497]

>this is the result when boomers control the country for 5+ decades

[Anonymous No.24875502]

replace every time you said central banks with the word communism and now you realize how colossal of a faggot you are

[Anonymous No.24875507]

>>24875399
>Why are state/CB shills so retarded bros
I dunno man, it's almost a religion with these people and socialists.

>>24875361
>Have you read Galbraith, Friedman or Keynes' opinion on the great depression? Because they offer a more rounded perspective.
These "explanations" are a fucking joke and austrians have refuted them in depth. Rothbard's book on the depression is the most in depth book on it ever written.
>>24875441
>the business cycle is natural
It's not, it's the result of government intervention and central banks creating an artificial boom.

[Anonymous No.24875535]

>>24875502
meant for
>>24874909

[Anonymous No.24875537]

>>24875251
>under a gold standard nothing would stop the government from controlling the metal mines, fixing prices, and manipulating the market
Under a gold standard all of these things wouldn't happen because the gold standard would prevent these things.
Free banking by definition means the government cannot control it.

[Anonymous No.24875563]

>>24875361
>Have you read Galbraith, Friedman or Keynes' opinion on the great depression? Because they offer a more rounded perspective.

Mmm, who will i read, freemasons or fabian socialists? Such a hard choice!

[Anonymous No.24875564]

>>24874909
>muh central banks

You can have central banks but also not have debt backed Fiat currency thats backed by nothing too.

Why do Jews and Boomers think they are mutually exclusive?

[Anonymous No.24875580]

When is the government going to apologize for creating the great depression with it's interventionist policies and causing massive human suffering?

[Anonymous No.24875606]

>>24875507
>It's not, it's the result of government intervention and central banks creating an artificial boom.
except go back to prior to 1913 and you'll see the same cycle in action throughout american history. it's a natural process

[Anonymous No.24875625]

>>24875563
Read this ecomic guru. She seems to know what she's talking about :^)

[Anonymous No.24875644]

>>24875606
>except go back to prior to 1913 and you'll see the same cycle in action throughout american history
Yes, either through government intervention or central banking. We had other central banks before, you know.
https://wiki.mises.org/wiki/Panics
There's nothing natural about it.

[Anonymous No.24875673]

>>24875625
Holy fuck MMTers are like actual children. The worst thing about this is they are playing with people's lives. Real people will suffer with their policies.
https://mises.org/wire/review-stephanie-keltons-deficit-myth

[Anonymous No.24875712]

>>24875625
>>24875673

[Anonymous No.24875715]

debt to who? america dont have to pay back shit lmao

[Anonymous No.24875731]

>>24875712
fucking yikes
people actually believe this shit

[Anonymous No.24875733]

>>24875434
>This is highly unlikely or you are extremely confused.
The average working hours of a tenant farmer were 15 hours per week in the UK before machines.

>They were relatively minor compared to the ones have since the fed.
Umemployment was solved by shipping labour out west, leading to a rise in wages and business confidence.

>From 1865-1913 we had a massive increase in production, massive increases in living standards all while on a deflationary gold standard. How the fuck do you explain this?
A much larger percentage of the population being farmers meant that little had interaction with the wider economy. With the rise of industrial capacity and the inability to ship more people out west, this created a time bomb that exploded in 1929.

>That's when the state has it's own interests in mind and tells the people to be it's slaves, only cucks think otherwise.
You're just wrong, I'm sorry.

[Anonymous No.24875742]

>>24874544
Who cares? The whole thing is going to come crashing down in the next few years.

[Anonymous No.24875781]

>>24874544
Ahh cheeese dude

[Anonymous No.24875801]

>>24875712
brb brain cancer

[Anonymous No.24875821]

>>24875580
Ben Bernanke literally wrote an essay on how the Fed caused the Great Depression... they know but they said their mistake was that they tightened liquidity... so they are making sure they will never make that mistake again... by printing to infinity

[Anonymous No.24875846]

>>24875712
I lost IQ points from reading that.

[Anonymous No.24875884]

>>24875733
>The average working hours of a tenant farmer were 15 hours per week in the UK before machines.
This is a complete myth and based on bad data. If this were true, people in the third world and native tribes etc would have short working hours.
I just showed you data how the industrial revolution reduced working hours. Here's another worldwide.

>Umemployment was solved by shipping labour out west, leading to a rise in wages and business confidence.
What? What does this have to do with anything? Recessions back then were simply solved by cutting spending and leaving the market alone. There weren't massive shipments of people out west whenever there was a panic, this wouldn't have done anything anyway.

>A much larger percentage of the population being farmers meant that little had interaction with the wider economy.
What a load of bullshit, they sold their food to cities and traded with cities for tools and supplies. The amount of food per capita skyrocketed as well.
You're completely ignorant on the gilded age in america.
>With the rise of industrial capacity and the inability to ship more people out west, this created a time bomb that exploded in 1929.
HAHAHAHA What the fuck?
Is this your pathetic excuse as to why deflation and a gold standard worked extremely well from 1865-1913?
The depression was caused by artificial money expansion by the federal reserve.
>You're just wrong, I'm sorry.
Not an argument.
BTFO

[Anonymous No.24875885]

>>24875742
Nope

[Anonymous No.24875891]

>>24875644
im an austrian, i agree government is at the result of all this, causing artificial booms. my point is all of the major panics have been a result of government. the business cycle is natural and 1920 depression proves it where government did nothing and it was over within a year

[Anonymous No.24875902]

>>24875113
>it's actually x4 times more if you do exact calculation and only include tax payers
>135 x 4
>540 bucks per year for 5 years

>>24875361
>paying taxes proportionately, based on who benefitted from the debt the most in assets, Fed purchasing bonds and 0% interest rates which benefits the richest people getting loans somehow means wiping out pension funds
Imagine being this cucked and wanting to pay more taxes.

[Anonymous No.24875906]

>>24875507
The Monetary History of the United States of America is thicc af.

Also I hate that fucking 98% of the purchasing power meme. The purchasing power of a currency is measured relative terms to other international currencies ffs.
Also, how was the Glass Steagall Act bad?

>>24875563
If you think that Freemasons have anything to do with anything, then you are a retard. The fabians were Jews. Austrians are jews. The only Goy economist is literally keyens, so I listen to him over the rest.

>>24875564
I'm sorry pops, but a nation's wealth is built off its production, not on how many shiny bars it has stored underground.

[Anonymous No.24875915]

>>24875781
nice

[Anonymous No.24875937]

>>24875821
>Ben Bernanke literally wrote an essay on how the Fed caused the Great Depression.
Yes because he believed they should have intervened more, not that they intervened too much.
Ben Bernanke is a lying corporate fascist who knows exactly what he's doing.

>>24875891
>my point is all of the major panics have been a result of government
Okay mine too, but this doesn't mean the business cycle is in any way "natural"(as in happening without any rhyme or reason

[Anonymous No.24875958]

>>24874749
oh, it's on this time

[Anonymous No.24876004]

>>24874544
Is this bubble going to pop or not?

[Anonymous No.24876063]

Genuinely brilliant article on the national debt, at this point the only way to "deal" with it isn't paying it off: https://archive.is/mKnUZ
Worth a read even if you don't particularly like Rothbard

[Anonymous No.24876160]

>>24876004
Yes.

The debt market is going to pop this round. They will have swoop in to replace the currency as it fails.

[Anonymous No.24876223]

>>24875937
>Okay mine too, but this doesn't mean the business cycle is in any way "natural"(as in happening without any rhyme or reason
if the government had never intervened in the economy before do you think we'd be in a perma bull market? that there'd never be a recession?

[Anonymous No.24876227]

>>24876160
How do you know it will pop and when?

[Anonymous No.24876240]

>>24875884
You're table starts in the 1870s, the zenith of the industrial revolution. Farmers have no work to do in the summer or the winter apart from scaring away a few crows and other pests. 6 months to go to church and have children with your wife.

>There weren't massive shipments of people out west whenever there was a panic, this wouldn't have done anything anyway.
Explain how a fall in the supply of labour doesn't increase wages and therefore spending?

Also it took the 1848 gold rush, deflating the money supply, for the USA to fully recover from the 1837 panic.
Most of the rest of your points are not worth responding to. Presidents were assassinated in the guided age because of the poor handling of the economy.

[Anonymous No.24876251]

>>24875906
>If you think that Freemasons have anything to do with anything, then you are a retard.
Ever heard of Adam Smith?

>The only Goy economist is literally keyens
Oh sure, "based" Keynes. Remember when he gave a lecture on the USSR about how population control was the most important thing in socialism? Even Trotsky thought he was too radical.

https://mises.org/wire/keynes-eugenics-race-and-population-control

[Anonymous No.24876296]

>>24876251
Yes and Adam Smith's theory's on economic management are no longer relevant, being BFTO by Nash. Your point?

[Anonymous No.24876329]

>>24874812
Fucking libertarians are such god damn clowns. I keep seeing you idiots argue for the right of corporations to take aware our rights and subvert our governments. This is Antifa levels of useful idiocy.

[Anonymous No.24876345]

>>24876251
I'm sure that kike mises would also agree that the man who saved him from the nazis was also a eugenicist, winston Churchill. Everyone was a eugenicist in the 20s and 30s.

[Anonymous No.24876351]

>>24875399
Why are you too retarded to get the joke? How ironic you clown posted.

[Anonymous No.24876374]

>>24874749
You are just in time :)

[Anonymous No.24876572]

Can I ask why all you amine posting weebs idolize japan despite it having a debt to GDP ration of 250%?

[Anonymous No.24876700]

>>24874812
>unironically being lolbertarian

[Anonymous No.24877305]

>>24875537
You do realise that banks actually started fractional reserve banking and that they handed out derivates based on Gold that they didnt even hold? Why are you anti government niggers so fucking retarded and historically illiterate?

[Anonymous No.24877333]

>>24874646
Don’t give JPOW any ideas, he lurks

[Anonymous No.24877751]

>>24874812
Doomers predict a crash every year and get a crash once a decade. Meanwhile S&P goes up by 3000% and anyone who bought two or more houses in 2009 has it made.

Yeah keep stacking silver and gold under your mattress you loser.

[Anonymous No.24878014]

>>24874849
>Africa tier policies like Zimbabwe.
Greese, germany and hungary all did it first in the 30's and 40's

[Anonymous No.24878048]

Don't mind me, just posting the one that actually matters

[Anonymous No.24878053]

>>24874544
ahh geeezzz duuudee i can pay ya back like $3 a month? ahh geeezzz i'm on these pillz dooood and that's all i can afford dood

[Anonymous No.24878103]

>>24878048

[Anonymous No.24878109]

>>24878048
I’ve seen and heard this memed before, but what does this actually mean?

[Anonymous No.24878187]

>>24878048
I can do maybe $3.50?

[Anonymous No.24878212]

>>24878048
Tick. Tock.

[Anonymous No.24878308]

>>24878212

gosh it's almost like there is more supply than demand...

[Anonymous No.24878332]

>>24874666
Checked and based. Money isn't real neither is any debt tied to it.

[Anonymous No.24878490]

>>24878109
pensions insolvent

[Anonymous No.24878506]

>>24874856

Yes, I did vote for Biden. Last 5 recessions are from REPUBLICAN presidents. Democratic presidents create better economies. So cope.

[Anonymous No.24878585]

>>24874575
>>24874544
fucking kek

[Anonymous No.24878656]

>>24878048
oooo

[Anonymous No.24878688]

>>24878506

simp take. both platforms seek to undercut the (financial) base of support of the other.

[Anonymous No.24878855]

Pic related is current 2024 projection.

Check the time-machine yourselves:
https://www.usdebtclock.org/index.html

We are about to ACCELERATE.

[Anonymous No.24879092]

no stress cobba she'll be right mate

[Anonymous No.24879117]

YOU RILL PRAY THE DEBT...

[Anonymous No.24879137]

>>24874995
BASED economics in one lesson poster

[Anonymous No.24879316]

>>24879117

[Anonymous No.24879365]

>>24874726
>>24874782

>He wants the partisan corrupt hacks in pic related to control the money supply.

[Anonymous No.24879538]

>>24879117
Ahhhhh jeez, maybe $2 bucks a month?

[Anonymous No.24879654]

>>24874544
here comes Debo you can ask him for your money

[Anonymous No.24879706]

>>24874622
hello newfag

[Anonymous No.24879792]

>>24874622
Kys newfaggot

[Anonymous No.24880016]

>>24878855
at this point fuck it. Lets see how far we can go

[Anonymous No.24880058]

>>24875488
checked and hyde pilled

[Anonymous No.24880061]

>>24879117
Ah I hurt my leg

[Anonymous No.24880221]

SSSSSSSSHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

I don't bro I can do like 3 doller by end of year.

[Anonymous No.24880237]

>>24874544
Who else read this in Sam’s voice?

[Anonymous No.24880523]

>>24875625
>Stephanie Kelton—economics professor at Stony Brook and advisor to the 2016 Bernie Sanders campaign
Pass.

[Anonymous No.24880803]

>>24874812
>Except every single recession and depression.
you mean small dips in a perpetual uptrend where we are at the all time high? green line go up forever and debt is imaginary

[Anonymous No.24881005]

>>24874622
literally eat a cyanide pill

[Anonymous No.24881648]

>>24880237
everyone

[Anonymous No.24882158]

>>24878855
holy shit you're right
https://usdebtclock.org/current-rates.html
and you know what? They always UNDERESTIMATE these projections. If it says 48 tril, how high is the real number going to be?

[Anonymous No.24882196]

>>24882158

who cares it's already just some infinitely high number that nobody cares about, they might as well just make up a number

[Anonymous No.24882229]

>>24882196
the higher this number is, the greater likelihood of an economic collapse

[Anonymous No.24882312]

>>24874544
I Hurt My LEG, BRO!
I can't pay $27T ..
How about..... Three DOLLAHS?

[Anonymous No.24882360]

>>24875113
>he calculated based on the us population and not world pop
>not in on us plan to tax the rest of the earth
>ignorant to the fact this has been going on for some time
Ngmi desu

[Anonymous No.24882387]

>>24874544
I can print like $3T a month?