/biz/ - Business & Finance

[Anonymous No.49404114]

biz related podcasts

I like to be reminded how bobba we are so pic related is my go to.

Any other good podcasts out there?

[Anonymous No.49406235]

Peter Schiff has worthless analysis because he doesn't understand how money is created. Schiff thinks "government has a printing press" that creates all money.

In fact, all money is created when PRIVATE BANKS issue loans. Banks create new, digital money out of thin air when they issue loans. Banks create this new, digital money AFTER the borrower signs the loan contract, and with no prior need for reserves or deposits.

If you want some excellent analysis by someone who actually understands the bank-created money scam, listen to Richard Werner interviews and lectures.

[Anonymous No.49406355]

Marty Bent. Very nice

https://tftc.io/podcasts/

[Anonymous No.49406838]

>>49406235
In practice, isn't lowering rates functionally the same thing? Perhaps the fed isn't printing the money themselves, but by lowering the rate they are effectively printing money by encouraging people to borrow.

[Anonymous No.49408043]

>>49406235
>>49406838
Right, the banks create the money (credit) and the federal reserve helps them do that?

[Anonymous No.49408055]

>>49406838
No. There are thousands of interest rates, and the Fed sets only one of these, the "Fed Funds Rate." All the other rates are determined by the banks. The rates that effect consumers the most are NOT set by the Fed: 30 year mortgage rates, auto loans, business loans, credit cards, etc.

We've all been brainwashed with overly-complex gibberish about how money is created and by whom. In fact, the system is incredibly simple: All money is created by private banks by private banks issuing loans.

When you borrow from a bank, the money they lend is created digitally AFTER you sign the loan contract. Banks create this digital money with no need for prior reserves or deposits.

Yes, the 12 Federal Reserve Banks also create money out of thin air, but these are private, bank-owned corporations. Federal Reserve Banks are NOT agencies of the government!

bank LIES dot ORG

[Anonymous No.49408292]

>>49408043
The bank-owned Fed helps banks interact with each other by facilitating intra-bank credits and check-clearing. And the bank-owned Fed enforces rules so there aren't rogue banks who crash the entire system. But the actual creation of money ALWAYS involves the extension of credit by private commercial banks.

Private banks create all money, Not government.

The only exception to this is a form of non-circulating money called "bank reserves" that are created exclusively by the central banks. Economists disagree whether bank reserves should even be included as part of the money supply because they only exist to facilitate check-clearing between banks. In the USA, the central bank is owned by its member banks, but in other countries the central banks are state-owned. So in Europe you could argue that 3% of the money supply (bank reserves) are created by government-owned central banks. But in the USA, since the central bank is privately-owned, we can safely say that ALL MONEY is created by banks issuing loans.

Here's a letter from the US Treasury that admits this.

[Anonymous No.49408330]

>>49404114
chat with traders

[Anonymous No.49408347]

I listen to ftx and uncommon core podcasts but su zhu is a bulltard so i don't really care for what he has to say most of the time. You have to read between the lines for alpha.

[Anonymous No.49408659]

CASH DADDIES 100% love those dudes i made earnings off diana shipping, RNA and DE. Their patreon has more tips and wins which pays for itself kind of...but the standalone podcast is also very entertaining.

[Anonymous No.49408773]

>>49408055
the fed funds rate does have a trickle down effect on mortgages and other loans, no? That's why mortgages have risen with the recent fed rate hikes. So maybe these are private banks issuing loans, but certainly none of them have been issuing lower rate mortgages since the fed started hiking rates.

[Anonymous No.49409036]

>>49406235
Are u a retard per chance bro? Do you know what a balance sheet is or how quantitative easing works? The fed printing money is a figure of speech but it's reality if they never completely unwind their balance sheet.

[Anonymous No.49409510]

>>49406235
>>49408055
>>49408292
I like that you keep spamming this here and on /pol/. Keep going, the rest of the goyim need to know.

[Anonymous No.49409979]

>>49409036
Government gets all revenue from taxation and borrowing. The government does not create any debt-free, interest-free money. If they did there wouldn't be a national debt at all!

Yes, the 12 Federal Reserve banks create money out of thin air, but these are private corporations owned by their member banks.

Saying the Fed creates money is the same as saying private banks create money, which is my entire point.

Here's a 15 minute interview with Chicago Fed spokesman Jerry Nelson. He openly admits that the 12 Federal Reserve banks are private, bank-owned corporations with money creation powers! (Skip to 4:17 to hear admission)

https://www.youtube.com/watch?v=6N-8DyPoNgU

[Anonymous No.49410010]

>>49409510
Thanks, bro! It is amazing how many people on 4chan think they understand the money creation system, but are actually just parroting unproven nonsense. They still think the Federal Reserve is part of the government, and that banks only lend out deposits.

[Anonymous No.49410175]

>>49408773
No, there is an indirect correlation at best. For example, the Fed Funds Rate was near zero May 2020 to January 2022. During this time, 30 year mortgage rates varied between 2.7% and 3.5%.

And presently the Fed Funds Rate has been raised to 0.77% and 30 year mortgages are over 5.25%. (You can find and verify every chart imaginable at the St. Louis Fed website, aka "FRED")

30 year mortgage rates are most-closely connected to the 10 year treasury note, NOT the Fed Funds rate.

Private banks create all money, not government. And banks charge whatever interest they want (as long as the rates don't exceed maximum amounts determined by states).

[Anonymous No.49410197]

>>49406235
>the fed doesn't have an impact on what commercial banks do

[Anonymous No.49410235]

>>49410175
>fed funds rate rises
>mortgage rate rises
I think you just made my point for me, bro

[Anonymous No.49410282]

>>49406235
Werner is midwit tier. Only reason big banks continue to issue nonperforming loans is because the Fed has always been there to bail them out.

[Anonymous No.49410506]

>>49410235
30 year mortgage rates rose and dropped by 0.75% while fed funds rate was stuck at near zero. Therefore, according to your post-hoc logical fallacy analysis, a stable Fed Funds rates has the power to both raise AND LOWER mortgage rates simultaneously!

I can find charts showing 30 year mortgage rates moving in both directions while the Fed Funds rate was motionless at near zero%. This proves that the upward and downward motion of the 30 year mortgage rate cannot be caused by movement of the Fed Funds rate.

Correlation does not equal causation. Banks create all money when they issue loans, and banks charge whatever rates they want (as long as they don't exceed statutory maximum rates).

[Anonymous No.49410554]

>>49404114
>Any other good podcasts out there?
Stansberry research
Peak prosperity
Stoic finance
Mike maloney
Wealthion

[Anonymous No.49410585]

>>49410506
I dunno what kind of pilpul this is lol. But mortgage rates moving while the fed funds rate is 0 does not mean fed funds rate has no impact on mortgages lol. It just means there are other factors that affect mortgage rates as well.

The fed funds rate has gone up twice since the start of the year. Mortgages have climbed in concert with these hikes. If you think there's no cause and effect here you're burying your head in the sand. kind of a silly pointless contrarian take you've got there but you do you.

[Anonymous No.49410607]

>>49406235
>In fact, all money is created when PRIVATE BANKS issue loans. Banks create new, digital money out of thin air when they issue loans.
Mike Maloney actually points this out in his hidden secrets of money series.

[Anonymous No.49410650]

>>49410282
Richard Werner got access to study bank computers during the funding of a 200,000 Euro loan. He proved that this money being loaned by the bank did not come from any existing bank account or from reserve account at the central bank; it was 100% new money created digitally in the bank's computer. Since Werner published his results in 2014, many Central Banks have admitted be is correct. In 2014, the Bank of England admitted that banks create new money out of thin air after the borrower signs the loan contract. Richard Werner is a hero. You are the midwit who is incapable of understanding his accomplishment.

Yes, the 12 Fed banks sometimes create money out of thin air to buy shitty paper assets from private banks (QE, etc.). Yes, this gives banks an incentive to make risky loans. But the 12 Fed banks are private, bank-owned corporations, NOT government agencies.

[Anonymous No.49410711]

>>49410607
NO, Mike Maloney pushes the BS "Fractional Reserve" model of banking. This nonsensical, unproven theory pretends that bank loan out money that exists in an account before the borrower arrives. In fact, banks create 100% new digital money AFTER the borrower signs the loan contract.

Banks create new money out of thin air with no need for prior reserves or deposits. I've already given many proofs of this farther up the thread. Please read them before denying it.

[Anonymous No.49410854]

>>49410585
30 Year mortgage rates had already risen from a bottom of around 2.7% to over 3.5% when the Fed rose the Fed Funds rate from ZERO to 0.77%.

Even the St. Louis Fed admits that changing the Fed Funds rate mostly effects extremely short-term rates, but has little (if any) effect on longer term rates like the 30 year mortgage rate.

[Anonymous No.49410998]

>>49410854
>30 Year mortgage rates had already risen from a bottom of around 2.7% to over 3.5% when the Fed rose the Fed Funds rate from ZERO to 0.77%.
I just said that other factors affect mortgage rates but continue to ignore anything that contradicts your argument lmao. Mortgage rates have continue to rise predictably in line with the last two rate hikes, and you have absolutely no argument against that besides shrieking about how everyone is wrong except for you.

>Even the St. Louis Fed admits that changing the Fed Funds rate mostly effects extremely short-term rates, but has little (if any) effect on longer term rates like the 30 year mortgage rate.
Imagine believing anything that comes out of a jew's mouth lmao. you're quickly unraveling, my guy.

>>49410711
uhh what. he explains the history of fractional reserve banking but clearly explains that money is pulled out of thin air in episode 2 or 3 of hidden secrets of money. I dunno what your deal is, but this smells an awful lot like d&c kike shill garbage. I think you might just be a dumbass who sniffs his own farts tho lol.

[Anonymous No.49411059]

>>49410650
You don't get it. Without the Fed backstop there would be no such credit creation by banks. Study all the US bank failures in the 19th century. Banks became reluctant to engage in that kind of loan issuance schemes as they should, until the Fed was created precisely to transfer the risk side of the equation onto taxpayers, effectively making the Fed responsible for money creation. You think like an academic, just like Werner, rather than a capitalist who understands incentives and moral hazard. No wonder he got schooled during his latest interview when he was being appologetic for QE.

[Anonymous No.49413335]

>>49410650
Ah yes, private corporations that have their controllers appointed by government officials so they are subject to the wishes of said government officials. That is totally different from them being government agencies themselves.

[Anonymous No.49413358]

Rational Reminder is my favourite one.
It's on evidence based investing. You can watch Ben Felix Youtube channel as an introduction to the topics.

[Anonymous No.49414232]

>>49404114
The daily briefing by real vision is the best daily financial podcast
It’s like CNBC with less clowns
>>49408659
Sam Tripoli is the best
He’s still learning crypto but he gets the overall picture better than the other two hosts
His tinfoil hat podcast is fucking nuts and full of the best alternative history
He falls for the trump/Q anon psyop too often but it’s understandable given how the elites are actually child sacrificing pedos

[Anonymous No.49414258]

>>49410235
It’s not as related as it used to be
The poster you’re replying to actually has a great grasp on a complicated and convoluted subject

[Anonymous No.49414553]

>>49414258
So you expect mortgages rates to go down or stay the same with the fed funds rate hikes coming this summer? No, you don't. You expect mortgage rates to rise. It's more complicated than that of course, but to say that the fed funds rate has no impact on mortgages like he is, is completely asinine.

[Anonymous No.49414603]

>>49406235
you are fucking retarded
the treasury mints t-bills out of tin air (liability) and sells it to the FED
the FED created money that the government is now spending into circulation, paying their "workers" that actually do nothing, paying their whole balance sheet with borrowed money from their "independent central bank"
if you think that treasury bond money doesn't hit the streets immediately, you are beyond naive

[Anonymous No.49414612]

>>49406235
based
keep explaining banking system to these retards. you’re doing gods work, anon

[Anonymous No.49414638]

>>49404114
Macro Voices is quite good.

[Anonymous No.49414656]

>>49409979
they created money, not credit
because the US treasury WILL NEVER pay that liability back, no matter how much seething and mental gymnastics you do, they have to KEEP ISSUING BONDS to pay the old debtors
AKA: ponzi scheme but since they have the minting button, they can never truly "default"
in practice, the US government has defaulted every time that they raised the debt ceiling

[Anonymous No.49414680]

>>49414603
That’s a tiny % of actual money creation
Most is through private bank loan creation
>>49414553
The banks can raise rates anytime they want
The fed raising rates gives them a great excuse to tighten the money supply
The fed funds rate has an effect but it doesn’t have to
For example: The fed lowered rates during the 08 crash but banks refused to create new loans, even though they went wild creating loans for the 7+ years prior

[Anonymous No.49415585]

>>49406235
>>49408055
>>49408292
>>49410650
kek /biz has the best schizos who never took economic courses echoing nonsense statements from shady bank employees they don't understand. cant wait to get labeled a shill or fag because they never took an economics or government course and cant comprehend how the federal reserve actually works. sponsored by Ron Paul!

[Anonymous No.49415612]

>>49415585
Most academic economists believe inflation is transitory and Keynes was right
You’re argument doesn’t convince anyone here
We know better

[Anonymous No.49415780]

>>49415585
It’s not just some shady bank employees
It’s a letter from the US treasury and the fed website has said the exact same thing
Read a Murray Rothbard book

[Anonymous No.49415794]

>>49415612
Greed never stops. The dollar still will never go back to $1. McDonalds raised its hourly wage, why would anyone think new hires will get pay decreases. even with masses layoffs in the future.


Transitory inflation means that the rate of change in price level will normalize. It does not mean that the price level itself will recede to its prior level. This is an important distinction that few people seem to make.

[Anonymous No.49415842]

>>49415780
>Rothbard eventually withdrew his support from Perot, and endorsed George H. W. Bush in the 1992 election.

You glow more than you think I am. That's how bad it is for you. Fucking cuckterians don't even realize how retarded their own kind are, they are puppets just like everybody else. No pawn can become a queen in this world and not realize it's still a fucking playing piece. Stop it with the public figures and get educated.

[Anonymous No.49415947]

>>49414680
>That’s a tiny % of actual money creation
bullshit
also
https://thedeepdive.ca/us-fed-allows-slr-exemption-to-expire/

[Anonymous No.49416052]

>>49415947
Look it up fag
Most money is created by private banks through consumer loans

I don’t agree with a debt based monetary system but I won’t argue with facts
It’s been posted here multiple times
>>49415794
He believes inflation is transitory. Janet Yellen is probably your mom.
Fuck you and that gains goblin

[Anonymous No.49416096]

>>49415842
>stop reading books
> get educated
>college shill

im not buying your bullshit

[Anonymous No.49416125]

>>49415842
I don’t agree with everything rothbard says but he’s smarter than your ass

[Anonymous No.49416142]

>>49415842
biz is a anarchocap board
you’re lost and should go back

[Anonymous No.49416608]

>>49416052
>NOOO FED DOES NOT CREATE MONEY THEY JUST BUY BONDS
>UST dump all money traded into the market while not producing ANYTHING
>uhhh most money is through credit (backed by USTs too, which they used the cash deposits to buy them with)
>*SLR goes into vigor* ( banks can only use USTs or they get penalized)

you realize that the """"""""asset"""""""" backing the consumer loans is absolutely worthless garbage that has defaulted multiple times already? do the math

I will accept the notion that the treasury is the true money printer
the FED is only a cog in their infinite mint machine to pretend as if there was a separation between money and state

also, there's a difference between a loan going to a private company/ individual who is going to turn a profit
and helicopter money being spent on worthless garbage that is the treasury spending bill

[Anonymous No.49416662]

>>49416608
to reiterate:
>1B being spent on actual companies: effects aren't felt as much

100 M being spent by treasury dept: banana republic move that drives prices up and puts money in the hands of worthless people, gov. contractors and other shady shit

and again:
the notion that buying bonds does not hit the market with an excess of money is DELIRIOUS

[Anonymous No.49417725]

>>49416125
you can be smart and wrong. there's this thing called proof/evidence/etc

>>49416096
read books, and get educated. youre not going to learn shit following public figures all day long, you're just going to be in a useless bubble wondering or worse, excusing why others are always more succesful than you.

>>49416142
That would be great if people stopped supporting people who believe in electing bushes and clinton types. He plays a libertarian, he isn't actually one. Brainlets cannot see this, they believe what wikipedia tells them, well look at the part where he supported Bush and never endorsed any real libertarians ever in his life.