Twobuttons
Legend
Yeah I don't see either side changing peoples minds. I guess i'll stay rich and watch the shit out of Mad Max!
Also you game changers - you should try serving!
Also you game changers - you should try serving!
US Dollar Collapse
- Thread starter Yapah
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Yapah
Legend
Clearly u dont know what ur talking about, they don’t fake anything. Their numbers are real in accordance to the economic system we have, but our economic system is a fraud. How so? The business cycle is artificially created by fed easing or tightening credit. They create booms and busts, and through those busts they buy up all the failing businesses. The business cycles vary from 1 yr, 10 yrs, and 50-100 years. The next crash we are about to experience will be greater than the Great Depression which was the last artificial bust created by the fed. Do some research before u spew nonsense.
Stay a slave nerd, yall are gonna be starving on the streets when gold revalues itself and the dollar to goes 0. Socialism will come to this country when the idiotic masses lose everything and blame it on capitalism rather than the fed.
Read some Milton Friedman, the nobel prize winning economist.
“I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in the stock of money that was not accompanied by a severe depression.”
“The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 … Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.”.—Milton Friedman , Two Lucky People, 233
“Any system which gives so much power and so much discretion to a few men, [so] that mistakes ‑‑ excusable or not ‑‑ can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic ‑‑ this is the key political argument against an independent central bank. . .To paraphrase Clemenceau: money is much too serious a matter to be left to the Central Bankers.”
Blackberryy
TBC Classic
Too bad people are too afraid to accept reality. I appreciate you sharing information, I wish more people would share their knowledge so we can create actual information hubs where people can debate and learn. This topic is too important to joke about tbh
Tom Ganks
Guest
Goesid
Twink Info Legend
Value of gold drops once we find the right asteroid to mine
Or people say "I dont want gold".
Chops
Soccer Dad
Yup
That all civilizations have valued gold (and thus will continue to value it) as a currency is one of the dozens of quickly checked historical fallacies in this "argument"
If society truly collapses, a gallon of water will be worth more than all the gold in fort Knox
Yapah
Legend
Wdym? Keynesian economics is the current economic model every central bank uses
melabeari
Banned
Goesid
Twink Info Legend
Most countries have stepped away from the government sponsored programs of keynes. Deregulation and privitization has been the hot thing for the last 35 years.
And the imaginary side of the economy which is mainly what banks do these days is hardly keynesian.
Yapah
Legend
Gold is not ‘currency’, it is money. Currency does not have a store of value because of inflation. Gold is inherently valuable because it’s a medium of exchange that can’t be manipulated. People will always find gold valuable because they know 1g of gold today will store the same economic energy as 1g of gold in 50 years.
Chops
Soccer Dad
you've gotta work hard to be this actively stupid
Goesid
Twink Info Legend
Only if people think its valueable.
In keepin' with the tradition of the thread to link youtube stuff.
melabeari
Banned
Yapah
Legend
No matter what a government does, if it has a (privately owned) central bank they are following Keynesian policies. Keynesians believe a central bank is the best way to grow an economy. Until central banks are abolished Keynesian economics will not die out.
As for your tulip video, thats a great example of a market bubble due to speculation on the futures of tulip prices. Though tulips are a commodity, they don’t have properties of money, a bubble such as that could never happen in gold. Gold has always been a price stabilizer, when each currency was backed by gold you could figure out the exchange rate of 1 currency to another according to how much gold that currency could be exchanged for. If the country had economic troubles, the value of their currency would fall in relation to gold. So gold would have the same purchasing power, but their currency would have taken the hit. Gold was and always will be the universal money, it’s a shame our modern education system has brainwashed a large portion of the population to consider it to be merely an asset class like any other commodity.
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Ouchie u hurt my fweelings
[doublepost=1576625235][/doublepost]“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
-John Maynard Keynes
Goesid
Twink Info Legend
Central banks existed long before keynes was even born. And just because you follow one part of the plan doesnt mean you subscribe to everything. To say any country that has a central bank is keynsian is like saying every country that has a navy is colonialist.
Druiddroid
OG
I see
Yapah
Legend
Yup central banks go all the way back to the Bank of England. Though Keynes was one of the major proponents for centralizing banks worldwide and he changed the way many governments looked at monetary policy. During the 1920 Brussels Financial Conference, Keynes was the one who pushed for Centralized Banks that had the same the same organizational structure as the Federal Reserve. He managed to create many of the privately owned Central Banks in south america today (now basically every country has 1). In the Brussels Conference it explicitly says these newly formed Central Banks had a portion of the capital come from private investors and a portion from the govt. It’s the exact same system we have in the US which keynes managed to popularize globally.
Edit: He was vehemently against the gold standard, the enemy of a central bank
i always figured school economics to be a huge scam in the sense that no1 worth a fuck would've ever taught you the secrets of actually getting wealthy (why, i'd just give the already-riches more competition) so no, don't get a college degree in economics
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