/lit/ - Literature

>>15023012
>how the jews create money out of thin air.
With our lower passions and desires. literally sticking a carrot in front of the cart. Whenever we give into our lower selves the Jew wins. Whenever we live according to reason and intellect and spirit the Jew loses. How are you going live?

>>15023012
>empirical proof
Richard A. Werner - "Can Banks Individually Create Money Out of Nothing? – The Theories and the Empirical Evidence":
https://www.researchgate.net/publication/265909749_Can_Banks_Individually_Create_Money_Out_of_Nothing_-_The_Theories_and_the_Empirical_Evidence

>videos
The Money Masters
Money As Debt

>books
The Creature from Jekyll Island
Web of Debt: The Shocking Truth about Our Money System and How We Can Break Free

>>15023012
the money mafia by Paul Hellyer

I remember The War on Gold (by Sutton?). We Bankers by Andrae Nordskog is very indicting and would be regarded as tinfoil conspiracy bullshit except for the fact that he personally won a lawsuit against the Federal Reserve because the federal government was too chickenshit to do it on their own behalf. I forget if that was "pro per", "pro se", or "ex relatione", but the crux of it is that if a governmental office abdicates pursuing a case then an individual has the right to pursue it on his own. Nordskog was a solid American. His family keeps his books available for his legacy. We Bankers is strangely absent from the roster, though it was his greatest work.

>>15023012
What do you mean? It's simple, the Federal Reserve says "Here's a trillion dollars" and there it is.
It doesn't particularly matter that there isn't a millions of actual bills, because those bills are made of paper (plastic for many countries), and if they're sitting in a vault in addition to a computer it doesn't really matter.

>>15023116
The vast majority of the money supply is created by private banks, not the Federal Reserve.

The Economics of Money, Banking and Financial Markets by Mishkin, so you stop sounding like a retard.

>>15023123
Oh, I guess I'm retarded then. Sorry.

>>15023108
>We Bankers by Andrae Nordskog
wtf this is obscure as hell, i can't find anything except unavailable amazon entries, where did you find this?

>The Economics of Money, Banking and Financial Markets by Mishkin, so you stop sounding like a retard.

>>15023155
An old man held it as a cherished possession. He would only let me read it in his presence - he would not let me borrow it. He said he was leaving it to his children in his estate with some other very solid books. I pulled it out of the dumpster when he died because his family tossed al of his books. I should photo archive it.

>>15023148
The joke is on him. The Federal Reserve is a private bank.

>>15023184
you have T-minus 30 seconds to delete this post, goy, otherwise you and everything in a 5km radius will cease to exist

>>15023178
bruh i can't tell if you're shitposting or not but if it's actually important, archive that shit

>>15023184
It is (the Fed district banks, anyway), but the point is that standard commercial banks like Bank of America, Wells Fargo, etc create most of the money supply through their lending activity.

>>15023197
>bruh i can't tell if you're shitposting
Nah. I got some other solid keepers like Langbein's Electrodeposition of Metals too. The old man was a machinist and he helped invent the first process for painting titanium. I need daylight for my shitty camera to get solid reproduction and significant time to do it. This thread will die before Monday. If I see another similar thread on Monday then I will start uploading. The book is an example of high quality/low quality - a Smyth-sewn paperback. It was made to be cheap and also made to last. It is still generally in one piece.

>>15023230
>create most of the money supply through their lending activity
Interesting point. I am no expert in this particular shell game and I had forgotten about this premise. I might look into it if I get the time.

>>15023232
>If I see another similar thread on Monday then I will start uploading.
make a new thread if you don't

>>15023260
If you have 45 mins, watch this:
https://www.youtube.com/watch?v=2nBPN-MKefA

You don't need a book for that. Intuitively, you already understand how.

>>15023343
Are you serious? To my mind, the debt-based monetary system is one of the few scams that is not immediately detectable by common sense, but which requires a certain amount of research. There are high-ranking banking executives who have no idea how the whole thing works.

>>15023357
>who have no idea how the whole thing works
This is literally "the lie that is too big to believe because the truth would destroy my worldview". Most people laugh in my face when I tell them how it works. It is easy to understand - just hard to believe.

>>15023050
>creature from jekyll island
gonna second this anon, heres a link to an epub
https://b-ok.cc/book/2949979/b85630

>>15023178
>his family tossed all of his books
fuck them

>>15023323
Thanks. I can do 45 min.

wow welcome back to 2007.
money is NOMISMA by definition, existing only by convention and without inherent value

>>15023050
I could point to so many papers, but fuck this cumbreath with muh joos shit.

>>15023583
>fuck this cumbreath with muh joos shit
Almost every chairman of the Federal Reserve has been a Jew for the past several decades. Their complicity is no secret.

>>15023601
https://lmgtfy.com/?q=cum+post+ergo+propter+hoc

>>15023012
dont be a racist cunt
of course money isnt real
like god isnt real
fucking sheeple eating the 'divide the people' pill called racism

>>15023601
That’s because Jews in America have extremely high IQs and a culture which values academic and societal excellence. If you ever date a Jew you will see her parents will expect the absolute best of you, even though this has gone out of fashion among whites.

Honestly you’re no different than the niggers who complain about muh white oppression. They also point to powerful institutions and complain that mostly whites occupy these institutions. Just what I’d say to the nigger I say to you: accept your race is inferior and move the fuck on; it doesn’t say anything about you as an individual person.

>>15023626
>all of this angry bloviation

>>15023392
What is the lie? That banks create money by selling both money itself and the debt?

>>15023662
>What is the lie?
People unironically think that the Federal Reserve backs our currency with gold.

>>15023670
Who still thinks that? They haven't been backing with gold since 71

>>15023662
People unironically think that banks lend out deposits.

>>15023693
Everyday retards that I meet.

>>15023704
>>15023711
Americans I guess. I never studied finance but it's common knowledge the banks only keep a percent in reserve.

>>15023232
Interested in this also

>>15023357
Your post is predicated on the notion that "money isn't real".
This is fundamentally correct but could be better articulated in saying that "money is metaphysical" or that "the mechanistic arbitration of value is incorporeal in its being".
Some of the other people ITT are on the right track in thinking of money as analogous with God or a god, as both are concepts used to materialize conceptions of order that are ultimately indeterminate and impossible to be defined with any meter of objectivity. Right now, the world economy is propped up by a complex system of arbitrage. Understand that first and then the finer details make sense, if perhaps no less inconsequential to the greater truth. Divorce yourself from the idea that the cash in your wallet is worth anything.
>>15023693
You'd be surprised.

>>15023725
>it's common knowledge the banks only keep a percent in reserve
This is precisely the myth I'm referring to, anon.

Can a financially literate anon explain modern monetary theory to a retard like me? Is it just a money printer go brrr scam?

>>15023748
>Is it just a money printer go brrr scam?
Ultimately, yes. The details mostly just drive this premise and convolute understanding of the scam by laymen.

>>15023626

>That’s because Jews in America have extremely high IQs

Ah yes, as can be seen in the extremely high IQ and extremely jewish institutions of Hollywood, popular music, mainstream media etc.

>accept your race is inferior

Were all these institutions jews now dominate inferior when whites dominated them?

So every time a bank makes a loan and transfers cash they're just creating money digitally out of thin air?

>>15023626
Jews have actually a slightly lower iq than whites on average, and yes, I'm referring to ashkenazi jews specifically
the "115 iq" thing is a myth

>>15023748
No. MMT argues that any currency-issuing government is not financially constrained by how much it can spend (although foreign exchange can complicate this), but is instead constrained by real factors. Obviously MMTers understand that increasing the money supply can cause inflation, but they argue that the government can reduce the money supply through taxes. MMT also involves understanding basic national accounting that ultimately shows that the size of the government deficit is the size of private saving (minus investment). Hope this helps :)

>>15023748
>Can a financially literate anon explain modern monetary theory to a retard like me?
Read pic related, then "Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems" by L. Randall Wray.

>>15023748
MMT isn't even a theory, it is just observation of facts. I dodn't understand why they are trying to re-invent the wheel. anyhow, government as a sovereign can issue money as it pleases same way as private banks do today, and doesn't have to do this sleight of hand trick with the FED.

>>15023912
This.

>>15023886
Within fractional reserve restraints, yes.
https://www.investopedia.com/terms/f/fractionalreservebanking.asp

>>15023735
>Divorce yourself from the idea that the cash in your wallet is worth anything.
You go to the shop, give them nothing and they give you goods in return. What is the fucking mental gymnastic to state that it is not worth anything? As long as the convention remains, so does the value. It's like saying (using you analogy) faith doesn't exist if there is no god, or even better, god doesn't exist if there is no faith.

>>15023924
You are misinformed. Not blaming you, but that link provides false info.

>>15023748
Most of the money circulating today are debt that were created long before you're born.

>>15023886
>So every time a bank makes a loan... * ...they're just creating money digitally out of thin air?
Correct.

>* "and transfers cash"
No, there is *NO* transfer of cash involved. The money supply expands every time a private bank extends a loan.

Source: https://www.researchgate.net/publication/265909749_Can_Banks_Individually_Create_Money_Out_of_Nothing_-_The_Theories_and_the_Empirical_Evidence

>>15023748
The basic argument as far as I can tell is that the state controls the supply of the money commodity through printing, and has some influence over the demand through the fact that the state sets taxes and taxes can only be denominated in the states chosen currency. There's still interference from real factors like the size and growth of the real economy but within the parameters that interference sets the state can manipulate the price of the money commodity to an unlimited degree and so isn't limited in its spending capacity.

>>15023012
You want Marx. Cool it with the antisemitism though please

>>15024215
Keep reading.

>>15023123
Influenced by the Fed buying and selling debt.

>>15023012
Will that recent blood libel painting be used to money launder?

OOOHH. That's sounds like a dog whistle. You bad man.

>Bitcoin solves the problem of spacetime.
you're all idiots. there's only money.

>>15023626

>>15023748
Bank notes are like yugioh cards for deano retards

AAAAAAAAAAA
SELL
NO BUY
NO SELL
NO BUY
AAAAAAAAAAAAA
CHECK THE NEWS
SOMEONE SAID IT'S A NOTHINGBURGER?
BUY BUY BUY BUY
SOMEONE SAID IT'S A SOMETHINGBURGER?
SELL SELL SELL
ANALYZING THE SITUATION, READING STUDIES, LISTENING TO INDEPENDENT PROFESSIONALS, LOOKING INTO THE DISEASE DATA?
NO! FUCK YOU O'M NOT SOME NERD KEK!!!
BUY BUY BUY SELL SELL SELL NO BUY AGAIN NO WAIT E SHOULD SELLL
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
AHAHAHA IT'S THE DIP GET IT WHILE IT'S HOT
NOOOOOOOOOOOOOOOOOOOOOO THIS IS A PANDEMIC WE'RE ALL FUCKED DUMP IT ALL
UNLESS....
WE GONNA MAKE IT BROS TO THE STARS AND BEYOND BUY BUY BUY BULL RUN
AAAAAAAAAAAAAAAAAAAAAA I REGRET BUYING OH GOD IT'S ALL OVER SELL IT ALL
THE FUNDAMENTALS SAY THE COMPANIES ARE DOING GREAT IT'S THE RETARDS WHO PANIC CAUSE THE DIP BUY BUY BUY
NOOOOO THERE'S A DEAD GUY IN WASHINGTON
SELL SELL SELL
AAAAAAAAAAAAA
SOMEONE FOR THE LOVE OF GOD FLIP A COIN
AAAAAAAAAAAAAAAAA
I DON'T FUCKING KNOW WHAT TO DO THE MARKET WAS GOING UP FOR THE LAST 12 YEARS
AAAAAAAAAAAAAAAAAAAA
FUCK YOU MARKET YOU FUCKING FAGGOT GO UP GO UP GO UP
AAAAAAAAAAAAAAAAA
I GRADUATED IN 2010 WHAT THE FUCK AM I SUPPOSED TO DO ALL MY CAREER THE MARKET WAS GOING UP
AAAAAAAAAAAAAAAAAAAAAAAAAA

>>15023748
>Is it just a money printer go brrr scam?
Not exactly. Most people and economists believe the money supply is exogenously created i.e. in America they think the Federal Reserve can manage the money supply. Think what's the flip side of the "printer go brrr" meme? This was the big idea behind monetarism in the late 70s/early 80s when the Fed under Paul Volcker following the logic of Milton Friedman tried to shrink the amount of money in existence to fight stagflation. Of course it didn't work and the early Reagan years had a really bad recession because the private sector saw bigger returns from deregulated global financial speculation and mergers than spending investing in employing people and expanding domestic plants.
What you really have to understand is the money supply today is really endogenous i.e. the central bank can't determine how much money exists but it is primarily driven by the private banking sector activity and government spending. This is a very heterodox idea no mainstream economist embraces.
You saw under Reagan you had a massive increase in military spending (government spending) and significant tax cuts (freed private money flowing into financial assets) which offset whatever the Fed was trying to do under the logic of Friedman since the rich were getting richer and it's not like the Fed can stop the government from spending. The Fed couldn't contract the money supply because banks were expanding their activities (someones net worth was increasing) and government spending was increasing (not welfare but star wars).

Anyways this is a basic introduction:
http://www.cfeps.org/pubs/wp-pdf/WP37-MoslerForstater.pdf


>>15023050
>The Creature from Jekyll Island
This totally misrepresents the creation of the Fed. A better academic study is " Origins of the Federal Reserve System: Money, Class, and Corporate Capitalism, 1890–1913 "

https://archive.org/details/originsoffederal0000livi

>>15023012
this book is about how glowies create money out of thin air for occult purposes

>>15024760

>>15024736
Sorry, but every outside academy economist already know that it's endogenous.

Bundesbank (2017), “The role of banks, non-banks and the central bank in the money creation process”, Monthly Report 2017.

>>15024927
>Sorry, but every outside academy economist already know that it's endogenous.
I can't parse your sentence? No "respectable" academic economist or political advisers near anyone in power would accept you here. From Thomas Sowell to Paul Krugman you get the idea that money is exogenous. Every right wing and left wing political ideologue on the scene seem to believe that central banks are in the driver seat. Yes there's plenty of empirical studies that state otherwise but no one that matters cares.

>>15024974
Paul Krugman is neo-keynesian, which indeed posits that MS is endogenous and that Fed can only affect to the interest rate. You can obviously debate whether this is taking it far enough, but that's not the point.

>outside money is exogenous and
under the control of the central bank. Inside money is endogenous and created by
the banking system through the money multiplier mechanism. The overall money
supply is therefore endogenous and the element of exogeneity is pushed into the
background

>>15023626
>this is what jews actually believe
You and I both know that aryan genetics>ashkenazi genetics. "Whites" are not comparable to each other just as "jews" isn't an appropriate category.

>>15023012
Nobel Prize winner Steven Chu says the world economy is a pyramid scheme: https://www.forbes.com/sites/jeffmcmahon/2019/04/05/the-world-economy-is-a-pyramid-scheme-steven-chu-says/#7f04a37d4f17

Thoughts?

>>15023824
Jews invented Hollywood, pal. It's their thing since the beginning.

>>15023402
Thank u anon

>>15023123
The fed controls the balance of debt assets vs liquidity by buying and selling securities

>>15023012
I'm scared bros. Jews control everything in my Latin American city. Real state, government, entertainment. How can we stop this?

>>15023947
The operability of the system is contingent on the lie that it is worth anything.
>It's like saying (using you analogy) faith doesn't exist if there is no god, or even better, god doesn't exist if there is no faith.
Correct, it is exactly like that. There is no god to a person without faith that there is one.

>>15025417
>dodging the question
rofl found the jewish anon.

>>15024736
>This totally misrepresents the creation of the Fed.
how

you dont need a book to understand fractional reserve banking all you have to do is not be retarded and watch some shitty 2 minute video hahaha wtf is wrong with /pol/

>>15025674
Not even him, just pointing that out.

>>15025738
>"don't read a book"
>on /lit/

>>15023012
Just read some basic works on modern monetary theory.

>>15025764
>your brain on /pol/
you can start reading books like the rest of us big boys here once you are able to properly comprehend basic sentences on ibs
keep practicing though! i am sure that you will obtain a functional degree of comprehensive ability at some point anon-chan!

>>15025822
i don't use /pol/
why are you being a cunt and telling people not to read

>>15024051
I did not read it. I just grabbed something to toss him so I could be lazy. You are being just as lazy by failing to articulate the falsehood.

>>15023626
Answer the Holodomor question, Jordan.