/biz/ - Business & Finance

[Anonymous No.49515426]

Are you still falling for the inflation narrative?

[Anonymous No.49515514]

>>49515426
And what might that be?

[Anonymous No.49515546]

>>49515426
Reminder that inflation is a tool used by bankers for punishing goyim who step out of line. They did this to the german people with hyperinflation during the weimar period because of world war one, and now they're doing it to the americans because we dared to vote for biden and not the orange kike who was going to give 500 billion to niggers and spics and start a war with Iran for israel's benefit

[Anonymous No.49516101]

>>49515546
You are right that inflation and hyperinfaltion are created by banks.

Private banks create all money when they issue loans. Increasing the money supply causes inflation, so therefore banks are responsible.

[Anonymous No.49516196]

>>49515426
Tell us op, what is the myth?

I thought they simply used Covid and now the Ukraine war to create and sustain inflation to inflate away debt.

[Anonymous No.49517039]

>>49516196
If you understand MMT then you will realize doomers are worried about nothing once again.

[Anonymous No.49517599]

>>49517039
MMT is bullshit, how can you be on /biz/ and not know that?

[Anonymous No.49517653]

>>49517039
So MMTfags think they can lower inflation by by raising taxes?

[Anonymous No.49517737]

>>49516101
So why does printing money has an effect on the economy if book money is 99% of the money and 1% cash?

[Anonymous No.49517826]

>>49517039
This is what happens to zombies that lack spirituality. They start worshipping the Magic Economy Sky Faerie.

[Anonymous No.49518261]

>>49517599
I think the economic experts know a bit more than people who post a bunch of chinese cartoons.

[Anonymous No.49518724]

>>49517737
because of how the system works. debt creates money, and the money is actually loaned to the government by the fed. while the government doesnt pay back the loan, the interest payments stack up. interest on these loans is what causes inflation in the long run as this interest is the only money that remains in the system after the debt is repayed.

the massive amount of money "printed" during covid has caused prices to rise like crazy because it was issued directly to the end consumer, and that money still needs repaying, which means interest payments are still being made so new money is still being created.

of course prices rising and wages not means people borrow money to stay afloat, which means more interest payment which means more money in the system. this has been going on for a while now so the fed has been continuously reducing interest rates to make borrowing cheaper. interest rates are now at 0 so it over. people will default on their massive loans and unemployment is skyrocket as businesses have no one to buy their products. the good thing about defaulting is it stops interest payments and deletes the debt.

[Anonymous No.49518816]

>>49515426
ITT: yamaka wearers

[Anonymous No.49518851]

>>49518724
So they deceive us by saying "printing" money? What they actually do is govs taking more loans from central banks?

[Anonymous No.49518864]

>>49518261
The "economic experts" thought inflation would be transitory. Why would you believe them after they've been wrong time and time again?

[Anonymous No.49518908]

>>49518864
>1998
holy shit lmao
embarrassing

[Anonymous No.49518934]

>>49516101
Banks can only create as many loans as the government allows them to. At the end of the day it's Joe who decides how much money banks can create. And Joe says they have no limit on reserves and can issue infinite debt. Banks are responsible for this somehow

[Anonymous No.49518947]

Inflation is an increase in the money supply.

Money printer going BRRR = inflation

[Anonymous No.49518956]

>>49517039
>understand MMT
Nobody understands MMT because there's no T behind MMT, just a few hysterical spokespeople with bulging eyes and gaping mouths.

[Anonymous No.49518967]

>>49518864

Exactly. People ate that transitory shit up. Even now the market is still only pricing in 3 something % inflation for the next 10 years. Because the fed and the "experts" are FUDing people into thinking the fed is just going to come in and obliterate stocks or something to save the dollar. It will never happen. Not even in the 1970s you can see any time the market approached being 40-50% down the fed backed off even though inflation was still bad.

The government has consistently devalued the currency for the past 100 years at an exponentially faster rate. This is not going to change. They can only FUD in the short term to try and get the uppity neapeasants to panic sell back into the dollar and stop quitting their jobs or asking for raising and to be thankful for what shit wage they get now. Then they will go back to printing money and pumping up assets.

[Anonymous No.49518970]

>>49518934
not entirely true
since internet money is a thing they can create money out of thin air without restriction
it used to be capped before the internet money was a thing

[Anonymous No.49518996]

>>49518947
There's monetary supply inflation and there's price inflation, both are called inflation but are two separate things. Every time inflation is mentioned some retard rushes in to explain that REAL inflation is actually the other thing, not the one people are talking about. It's both, people just can't be arsed to spell it out because it's obvious

[Anonymous No.49519033]

>>49518851
correct. no new money is actually printed. its just typed into a computer then you spend it on your card or whatever. you didnt actually receive $2k in the post did you?

[Anonymous No.49519034]

>>49518970
>they can create money out of thin air
No they can't, they create it by issuing loans. And they can only issue as many loans as their reserves allow them too. And there reserves are at the fed, they can't go beepboop and change some numbers to get more reserves. Well the fed can, but not the banks themselves. Right now that limitation has been lifted though, they can issue unlimited loans no matter how much they have in reserves

[Anonymous No.49519107]

>>49519034
I know youre wrong but Im too lazy to search for the evidence. anyway ive seen it explained it detail, US banks can create money without restriction since at least the 90s

[Anonymous No.49519355]

>>49515426

[Anonymous No.49519373]

>>49519107
no they borrow from central banks