Hi /biz/! So I was thinking (thinking emoji) the other day. If we have printed more money in 2020 than has ever been printed before, it made me wonder.(wonder emoji). Back in say the early 1900s, maybe even the late 1800s (old man emoji) how much money was in circulation in proportion to the amount of people who owned said money. I mean, we can assume (yes, (YOU) and me) that a majority of the wealth (green tongue with dollar sign sticking out of the mouth emoji) was in the hands of a small minority. After that, comes the rest of the population. Am I right to assume that most people simply did not have accessible fiat and thus most people across the board simply did not have money (ahh emoji)?
>>60694560 (OP)What the fuck happened in 1929 (96 years ago), dipshit?
>>60694560 (OP)If they had any, since cash bank deposits existed and banks were already speculating (there were countless small banks that went bankrupt, ruining entire families).
>>60694560 (OP)https://youtu.be/as41ugw1D6s
People had the ability to save real money back then when our money was based on gold and silver. Now our currency is cash that backs digital dollars backing stablecoins that back crypto. Quadruple fiat.
>>60694565Are you saying the stock market crash liquidated everyone's fiat like a crypto rugpull and then the government slowly disseminated their new fiat bank notes to everyone desperate for fiat?
>>60694596I mean can't people save money now by just putting x amount away every few y
>>60694606Germany escaped the debt trap by issuing real money in 1933 while the federal reservekikes, in 1913, began the endless currency printing. Important to point out how the Germans were able to counter the debt trap via arbitage from valuable metals like silver.
the US Dollar internationalized post-ww2 and so the comparisons from before that aren't nearly as easy to make. Half of the USD (probably more) in circulation are overseas, so when you dilute the USD by printing more you are basically taxing foreigners. The idea is to have wages/etc domestically keep up with that inflation, insulating the population and effectively 'exporting' all of your inflation.
Obviously that no longer works and also the foreigners are tired of it so this whole system is going down.
>>60694560 (OP)Aren't the thinking and wonder emoji the same?
