/biz/ - Business & Finance

[Anonymous No.54842174]

It's all just a big Ponzi scheme, isn't it?

[Anonymous No.54842196]

>>54842174
This is actually fucking hilarious

[Anonymous No.54842201]

so what's the point of the debt ceiling if they can just print more money (or in this case trillion dollar platinum coins) anyways?

[Anonymous No.54842210]

>>54842174
https://www.youtube.com/watch?v=-eWGh8RfuTs
old simpsons were great
https://www.youtube.com/watch?v=_KgHy3Pi5Yw

[Anonymous No.54842214]

always has been

[Anonymous No.54842216]

>>54842196
no cap. it's literally sus af

[Anonymous No.54842229]

>>54842174
now THIS is how you get hyperinflation
once the treasury says fuck it and decides to "finance" its own debt issuance with fucking fairy tales and lollipops, there will be ZERO incentive to stop. The fact that they are even remotely considering such an option should tell you how little of a fuck they actually give about destroying the currency.

[Anonymous No.54842295]

>>54842229

It's not how little they care about the currency/consequences of printing money anon.

Consider this; what if it's a reflection of how dire the situation really is. The next decade is going to be a wild ride.

[Anonymous No.54842338]

>>54842174
what does this even mean im retarded

[Anonymous No.54842352]

>>54842210
Lmfao that is amazing, I never realized that the Simpsons used to be that good

[Anonymous No.54842353]

>>54842174
No one nose.

[Anonymous No.54842365]

[Anonymous No.54842369]

It's kind of funny how a $1T coin sounds fucking bonkers, but that's less than 1/30th of the national debt. Literally just kicks the can down the road another 8 months or so.

[Anonymous No.54842374]

>tfw we'll soon need wheelbarrow-fulls of these to buy a single sandwich

[Anonymous No.54842390]

>>54842174
Meme magic at play. Just accept you live in a huge fucking reality tv show hosted by pedophile aliens. Say cheese bitch.

[Anonymous No.54842604]

>>54842229
>>54842295
All this would be zero issue if the economy could continue exponentially at 2-4% per year or whatever, right?

[Anonymous No.54842702]

Inflationary monetary policy, it just...it just works!

[Anonymous No.54842727]

>inflation is transitory...
>...which is why we need a trillion dollar coin to fix the economy

[Anonymous No.54842759]

>>54842201

I'm not even convinced there's such thing as a "debt ceiling". I don't know what that meme is, but the government never stops selling debt. Never ever. They just take breaks and have some dumb meeting about the "debt ceiling" and then, surprise surprise, more debt is sold.

You just write "1 trillion dollars" on a green piece of engraved paper and as long as the correct number of boomers signs it, badabingbadaboom there's yer trillion dollarinos.

[Anonymous No.54842777]

>>54842196
about time platinum was fairly valued

[Anonymous No.54842779]

>>54842174
America is like that big morning turd that refused to go down the shitter and stayed there all day but now it's 5pm and it's finally going down in a big, long flush.

[Anonymous No.54842785]

>>54842338
treasury mints a platinum bullion coin that has a face value of $1,000,000,000,000, and then uses that to pay off debt. the treasury can mint coins that are legal tender. it's a meme and would be the nuclear option

[Anonymous No.54842791]

>>54842174
How do I mint a $1 trillion platinum NFT?

[Anonymous No.54842801]

>>54842759
The treasury basically builds up a lot of cash in its account so it doesn't have to sell debt. Of course, money the government has, isn't into the economy. The government could have infinite money, as long as they didn't spend it then the supply in the economy would be the same. Its all a bullshit numbers game, the debt is the running total of all the money that has been printed.

[Anonymous No.54842815]

>>54842174
Man i do not have enough bitcoin for this...

[Anonymous No.54842825]

>>54842338

[Anonymous No.54842845]

>>54842174
Yes and this is exactly what the private banks don’t want. They want to see the US default on their debt and bankrupt social security

[Anonymous No.54842858]

[Anonymous No.54842965]

>>54842174
How does a small metal object save economy?

[Anonymous No.54842978]

Which Jew are we giving money to this time? We already maxxed out to Jewkraine and the kike Zelensky

[Anonymous No.54842989]

>>54842174
PLATINUMCHADS WTFWT?

[Anonymous No.54843312]

>>54842201
The purpose is to put a cap on government debt and engage in debate to either stop or continue raising it. Obviously it gets abused, but the cap is at least something rather than infinite debt.

[Anonymous No.54843319]

>>54842174
Why would they make just 1? They should make 33 and wipe out all the debt at once.

[Anonymous No.54843332]

>>54842858
The Jews always win.

[Anonymous No.54843380]

>>54842174

[Anonymous No.54843398]

>>54842365
Imagine Biden flips it to says "hey jack, heads or tails?" but it falls down a storm drain and taken away by rats.

[Anonymous No.54843421]

>>54842201
It's all about keeping you a slave.

[Anonymous No.54843441]

>>54842174
Why platinum? Why not gold or silver etc? Also why would anybody accept that valutation, platinum is $1,064.00 oz. The coin would have to enormous

[Anonymous No.54843450]

>>54843319
Because it doesn’t matter.

What would happen if someone stole the coin?? Would it be tradable at face value?
Is it irreplaceable?

So say it goes missing or is damaged.
If it’s replaced tomorrow is it really actually representative of value?

>well we just made another platinum coin and cancelled the first one..

There’s no logic path to success here.

[Anonymous No.54843458]

>>54842174
That'd buy about 2 billion pairs of nikes
US population is about 330 milly and 14% black. That's about 43 pairs each.

It. . . gard dammit...... it might just buy them a little more time

[Anonymous No.54843463]

>>54843441
platinum is ten times as rare as gold
just as gold is ten times as rare as silver
let that sink in

[Anonymous No.54843473]

>>54842229
No-one cared when the fed bought tbonds nd gave the interest back to the treasury.

[Anonymous No.54843477]

>>54842174
Yes and the dollar is loosing confidence.

People want something more fair. They saw that America can get mad at you and take all your USD in the Nostro Vostro accounts of Swift. Essentially taking a bunch of your countries Value and closing you out of trade.

[Anonymous No.54843483]

>>54843463

My feces is rarer than all of them, has high extraction costs and a cap on production.

[Anonymous No.54843497]

>>54842978
All of them. Zirp for more than a decade. Free money for share buy back, free money for asset inflation, free money for leverage on anything and everything.

[Anonymous No.54843506]

>>54843483
your feces are essentially manure which is needed to grow food
however manure is not rare

[Anonymous No.54843970]

>>54843506
No. That’s regular shit.
Mine is unique to my biome and therefore is a specialist product in a specialist category. Its properties are inherently different and should be treated accordingly.

See my previous post.

[Anonymous No.54843984]

>>54843506
Also, human manure is a great way to get cholera, hep, dysentery and typhoid. Just to give you the hot buttons.

[Anonymous No.54844072]

>>54842174
Did you just figure it out? The economy is all speculation based. It’s all about looting taxpayers and moving it into the ((((banks)))) pockets. The ponzi will end soon enough. Frauds never last forever, only reason it’s gone on this long is because the military industrial complex backed it up. That’s all ending

[Anonymous No.54844138]

>>54842174
so, they cant pay back its depts, therefore they keep the printers bussy, but since the US depts are that huge, the printers cant print fast enought, so they need to mint a fantasillion dollar coin?
What a good idea in a world in which money is based on trust.
Soon the age of kikes will be over, what we withnes now is the kikes screaming out in pain while it tries to strike you.

[Anonymous No.54844148]

>>54842174
>Biden accidently puts the coin an a gumball machine

[Anonymous No.54844149]

>>54842174
Yeah, we live in a fucking clown show, everything is a lie and everything is a ponzi.

[Anonymous No.54844388]

>>54842174
I'm waiting for them to mint it only for a ccp agent to steal it back to China.

[Anonymous No.54844411]

>>54842201
What's the point of paying taxes, for that matter?

[Anonymous No.54844646]

>>54842174
Told you metalbros, don`t buy precious metals from the G7, they control it

[Anonymous No.54844656]

>>54842201
debt is a social construct

[Anonymous No.54844676]

>>54842174
Imagine buying a pack of gum and paying with a trillion dollar coin, now give me the change wagey.

[Anonymous No.54844969]

>>54842174
Yea bro, it's the sort of thing that pisses you off when billionaires like buffet say Bitcoin is a Ponzi when their system is the biggest one in history they even have a fucking pyramid on the notes to add humiliation to the blind masses.

Never selling the USD is worthless pedophile coin

[Anonymous No.54845017]

>>54843398
If you found it what could you even do with it? No way you could cash it or sell it. Even if you sold it at massive loss.

[Anonymous No.54845039]

>>54842174
These meme coins are getting out of control.

[Anonymous No.54845064]

>>54842229
They’re already doing this more or less with the federal reserve every day. They created a $2 trillion liquidity fund last month, that’s basically the same thing

[Anonymous No.54845114]

>>54844138
>the printers cant print fast enough
That makes zero sense. There isn't actually a printing press somewhere printing paper dollars. It's literally just as easy as typing a number into a computer screen and then pressing a button and poof, infinite money. This coin makes zero sense

[Anonymous No.54845149]

>>54842759
Money isn’t even real and we’re enslaved. $1 Trillion is like half of Amazon. We’re burning through an Amazon worth of wealth and capital every 1.3 years. We all work for this fake paper money and the government just prints it and gives it to banks, more than anyone could ever earn ever.

[Anonymous No.54845157]

>>54843984

[Anonymous No.54845183]

>>54842174
Always Has Been

[Anonymous No.54845218]

>>54842174
what do you mean?coin is a money, you pay with these
if they have coin, they can pay

[Anonymous No.54845248]

>>54842174
I've read that exact article every time there's a debt ceiling "crisis"

[Anonymous No.54845254]

What coin?

[Anonymous No.54845274]

>NFTs are stupid
>here is our NFT to pay the government bills
>non transferable as well

[Anonymous No.54845332]

>>54842390
This. Memes transcend everything. You either cry or live long enough to be a part of the honking in clownworld.

[Anonymous No.54845356]

Who do we even owe the money to? From what my mirco brain can gather the government doesn't have enough money for all dem programs and the military. Are they making a coin to pay themselves?

[Anonymous No.54845398]

>>54845356
Ourselves

[Anonymous No.54845442]

>>54842174
Yeah, but how do you get change for it?

[Anonymous No.54845448]

>>54843441
The legal price of gold is $42, which is different from the spot price.

[Anonymous No.54845500]

>>54842338
The US government only has the legal power to mint coins. This comes from a time when only coins were money, and bank notes were just receipts for coins from private institutions, like stAAVE which you get as a receipt for staking AAVE (other shitcoins are available). The power to mint coinage is unrestricted.
Unlike stAAVE, however, there is no way to ensure that banks don't print an unlimited number of fake receipts, which, coupled with the fact that they lend out the money (or rather, receipts for the money), lead to periodic bank runs.
The Federal Reserve was established in 1913 after the 'Panic of 1907' with the ostensible aim of preventing such bank runs by offering private banks Federal Reserve Notes, under the presumption that those would be good enough for people, since the government would always have enough coin to discharge those - this is what "backed by the full faith and credit of the government" means. It was not billed as a central bank, but as a kind of insurance corporation (like the FDIC today).
Today, the Federal Reserve is causing the bank runs and you can't redeem the FRS for anything, so the government is really just printing a limitless amount of money with one hand and taking it away via rugging the banking system with the other.

[Anonymous No.54845517]

>>54842229
protip: we're in hyperinflation since 2008 being the latest and nixon being the least

[Anonymous No.54845555]

>>54842338
when you watch a movie on some level you suspend disbelief so you can enjoy the movie. deep down you know there is no difference between a $1 or $10 bill but you just go along with the charade so you can buy your chicken tendies.

minting a $2 trillion coin is like having time travelling robot ninja wizards randomly appear in the middle of the movie. it is so utterly ridiculous that the fantasy is forever ruined.

[Anonymous No.54845557]

>>54842229
Based democrats giving us the acceleration we need.

[Anonymous No.54845583]

>>54845500
The chain of degeneration goes:
>love (I'll do something for you)
>personal favor (transactional love; you did something for me, I'll do something for you)
>gold at spot (abstracted favor; purchasing power determined by market forces)
>gold at government-determined face value (the government says that some gold coin is worth X)
>receipts for gold at face value (bank notes)
>receipts not redeemable for anything (bank notes as base money)
>debt for receipts (bonds)
>debt for bonds (collateralized lending against bonds)
If you expand it out, it's
>love
>personal favor = debt of love
>gold = debt of personal favor
>coinage = debt against spot-gold
>bank notes = debt of coinage
>bonds = debt of bank notes
>bond-collateralized debt = debt for bonds
So we're at
>debt for debt of debt of debt against debt of debt of love
Which is what money is.

[Anonymous No.54845701]

>>54842229
90% of us debt is owed to itself because the us government loaned money to itself to pay for things that are now already paid without raising taxes.
If anything doing this would trick the market into thinking the us was doing a good thing because the market is fucking stupid lmao

[Anonymous No.54849193]

>>54843441
They can declare the face value of a coin: it's currency rather than a commodity. The fact that it is platinum is besides the point, they could make it from titanium or some literally who metal.

What your take implies is that a 1$ bill might be valued as worth <1$ due to its material value, and thus people should reject it as tender.
That's not the case, obviously

[Anonymous No.54849493]

>>54842174
imagine my shock that jews are spearheading such a thing

[Anonymous No.54849711]

>>54842201
The American debt ceiling is a joke. Every fucking year there's a big drama about raising it and they always do.

[Anonymous No.54849847]

>>54842201
whats the point of taxes is a better question. let the debt of my country not be my debt. whatever jewish money magic they need to do at a country level shouldnt effect my day to day

[Anonymous No.54849874]

>>54842174
That's the opposite of a ponzi scheme.

>>54842201
There's never been a point. It's just a political game people play.

[Anonymous No.54849950]

>>54842201
The point of it is to basically give members of congress the ability to hold the finances of the country hostage and demand ransom.

[Anonymous No.54849995]

>>54849493
>Kosher®
>®

[Anonymous No.54850021]

>>54842201
Before WWI, the government had to get approval from Congress for each bond-sale. During WWI, so many bonds had to be sold that Congress gave the government a "bond-budget" up to which it could sell bonds as demand arose. We call this "bond-budget" the "debt-ceiling".
The idea of the coin is a technicality stemming from the fact that the US government has power to mint coinage. While it would be technically legal, I assume, it's a gimmick.

[Anonymous No.54850121]

>>54842174
>>54842353

[Anonymous No.54850174]

>>54845517
Wrong, we're in hyperinflation since 1982. 2008 was an attempt to stop it. Just look at m2 supply.

[Anonymous No.54850583]

>>54842604
no, since they have been printing so much needs to expand at a much faster pace, 7%+

[Anonymous No.54851011]

>>54845149
>>54845500
well written & saved, however
you guys are freaking me out
i want you to know this

[Anonymous No.54851063]

>>54851011
I understand and the financial situation is objectively shit, I can't do anything about that. However, panicking about it - and I know this is easy to say and I can't do it perfectly either - won't help you, it'll just grind you down.
The problem is actually a fairly simple one, namely that bad money drives out good.
>we promise to use only real money
>ok, we don't have REAL money right away, but this new money is just as good
>ok, we don't have the real money at all, but use the new money
>ok, we don't have the new money right now, but this new new money is just as good
>ok, we don't have the new new money, but the new new new money is just as good
Repeat. It's a fairly simple process of repeatedly rugging, but it's scary because you're "in it".

[Anonymous No.54851150]

>>54842174
>>54842229
>>54842759
>>54842801
>>54843450
>>54844138
>>54844072
>>54845583
>>54851063

Senator John Kennedy literally said it out loud on CBNC yesterday:

"Banks are just sophisticated PONZI SCHEMES"

Watch for yourself @ 8:38
https://youtu.be/ZCtRx_JXDJg?t=517

[Anonymous No.54851170]

>>54842174
theres literally a pyramid on the dollar

[Anonymous No.54851185]

>>54851170
instead of building a tomb for the pharaohs you're building a tomb for the boomers

[Anonymous No.54851225]

>>54851063
i'm not freaking out too much, i was just trying to be funny :) i'm pretty fatalistic at this point. they can have my dead body, but not my obedience. also, i don't believe they control as much as they act like they do. chance is still a big factor. and that's an encouraging thought.
"The beast that bears us fastest to perfection is suffering." -- Meister Eckhart :)
thanks for the reply.

[Anonymous No.54851473]

>>54851225
>i don't believe they control as much as they act like they do.
They really don't control all that much, I mean it's a bullshit scheme that you can literally describe in a couple of sentences. Their "control" is really just the belief that they're in control.

[Anonymous No.54851503]

>>54842174
enough with the antisemitic transphobia
https://odysee.com/@Realfake_Newsource:9/RFNS-8.22-001-023:9

[Anonymous No.54851619]

>>54851170
there's literally a pyramid on the Earth

[Anonymous No.54851762]

>>54842353
My god ai is gonna be a great use of our time i usure you

[Anonymous No.54851974]

>>54843970
With that logic shit is unique , everyone eats different diets and get different unique shit , with different and unique association of vitamines and micro organisme , so mister wallstreet sir you have to convince youre buyers to buy my shit since every single one is made with my unique diet and the consequent seires of nutrients being digested throw my intestines, noone can make them just like how i make them, so are you conviced ?
>Subsequent answer should the continuation of this post

[Anonymous No.54852001]

>>54845157
The inbeatable power of the aryan race

[Anonymous No.54852013]

>>54842201
I mean, if the debt is to foreign entities than forgiving it is in our favor since it's basically us saying "nah we aren't going to repay it" to people outside the US.

[Anonymous No.54853684]

>>54842759
Moreover, they will never default on the debt
Or, they will never say they defaulted on the debt
They just come up with some new scheme or paradigm to call it something else or change the rules. It would look like a default to anyone with a brain, but they're not going to come out and say, "We're defaulting on the debt by taking away the dollar's convertability to gold." They'll do something drastic and pretend everything is normal, and then prices will go up for a decade

[Anonymous No.54853785]

>>54842210
Beat me to posting it

[Anonymous No.54853834]

>>54842390
Truth is, you never had a chance. The game was rigged from the start.

[Anonymous No.54853857]

Isn’t this better than borrowing from the Federal Reserve though? I prefer that the government just prints its own money instead of borrowing it from the Fed and paying interest on the debt.

[Anonymous No.54853867]

>>54842174
This reminds of a Scrooge McDuck comic I saw as a kid where town having run out of coins for shops, bubble gum machines and parking meters, confiscated all of his and issued him single note if equal "worth" instead. Which inevitably he couldn't dive bomb into, only wipe his ass with.

[Anonymous No.54853869]

is this not the exact reason bitcoin was created?

[Anonymous No.54853977]

>>54842174
>possible nuclear war
>platinum chip

oh noonononono

[Anonymous No.54854484]

>>54853869
Yes. The genesis block is edgy as fuck.

[Anonymous No.54856231]

>>54842174
I fucking hate boomers so god damn much