In your opinion, should it be illegal for individuals to accumulate that much wealth (Non-Productive Accumulation)?
>>507846908 (OP)You do know he doesn't actually have that much money on a bank or under his mattress, right? Stop being a monkey
Are you retarded?
Elons wealth is tied up in stock, his net worth is not liquid.
>>507846908 (OP)It should be illegal for people who aren't me
get rid of the derivatives market and that number shrinks dramatically. its not like they actually have that money; its tied to equity in a company. if they had to liquidate like during a crash the number would be way smaller. would be a good thing for the working man if it did. onky bankers and boomers profit from this financial black magic
>>507846908 (OP)That's the same amount of money Zelensky has
Sure, target Elon. But don't delude yourself into thinking he's "the richest man alive". Rothschild has trillions
>>507847215Bill gates had enough money to pay off world health Organization... Not to mention Soros.. can't see how it's any different than communism in the end when corporations decide the politics
>>507846908 (OP)Its literally the value of a company that is producing things.
If you want to bitch about non-mobilized wealth, look to Berkshire Hathoway.
>>507846908 (OP)>Brazil poorfag doesn't understand economics>Thinks Elon has 41290 million 100 dollar bills lying around somewhereNigger
communist revolution is inevitable, but this time rich jews will be the ones at the pointy end of the stick
>>507846908 (OP)Where is the Scrooge McDuck vault where we can find this money?
>>507847436I was not being serious.
>Dutch smoothbrain doesn't understand sarcasm.
>>507846908 (OP)Those who truly have power borrow as much as they want without interest from members of tribes who do not have visible assets.
Even Elon guy kisses jew dirty wall in desert shithole.
>>507846908 (OP)it's all fake and gay anon.
>>507847366it is bullshit; if the fiat dollar didnt exist and we didnt allow trading of things that dont exist it would be better. s&p stayed relatively flatlined until 1980s. for it to go up religiously for decades is strange with companies coming and going.....mo one is profitable but the stocks are going up? this is end game. not even real capitalism as they dont allow failure because boomer retirements and gov pensions are tied to it directly
caveat emptor caveat venditor
>>507846908 (OP)>Non-Productive>7578 satellites in space providing global communication networks.Tell us what you produce and why we should steal from someone who accomplished that to feed the likes of you.
>>507847258Except Zelensky has it in gold bars, properties, weapons and cash
>>507846908 (OP)I dunno.
Someone has to own and control the money that these companies hold. Elon's wealth is really Tesla's wealth and SpaceX's wealth; when he spends a lot of money it comes out of these company's reserves. If he did not own / control it, who would?
>>507847625Space trash violating my aerospace...
>>507846908 (OP)No, the role of the government should not be to decide on the wealth of it's citizens.
The normoids who believe the nonsense that Elon Musk is the richest person in the world really have rotten brains.
>>507846908 (OP)in a functioning society, if there is a minimum wage there should also be a maximum wage, or anything over a certain income needs to be spent back into the economy
>>507846908 (OP)Stfu commie faggot.
At least say you are butt hurt that is not you.
>>507846908 (OP)weird how you chose this specific billionaire
>>507846908 (OP)The Pareto principle says that 20% of people are the real productive people and 80% of people are doing nothing of value. So it would be wise to allocate the most resources to the 20% and for the 80% you simply need to meet basic standards like Maslow's Hierarchy of Needs. If you can meet those basic standards then the 80% of nonproductive breeders can simply exist and maintain culture.
I don't know what the specific numbers are for how much compensation those sets of people need to live fulfilled lives but I'm certain, that the bottom tier of society deserves much more than they are being given, and the top tier of society is taking almost everything, like they steal 21 Trillion dollars for themselves while everyone else barely has 500 dollars in the bank.
This kind of evil mistreatment of the majority is going to cause a violent and terribly destructive revolution which burns civilization to ashes. It's clearly a terrible evil. The top tier is exterminating the bottom tier. They don't want them to have basic needs, they want them dead. And it's a selfish decision. They want ALL the resources for themselves because they intend to become immortal through technology and they will be using those resources that they feel would be wasted on the unproductive 99.999% of humanity. (Note they don't even respect the real 20%, only the less than 1 1/1000ths of a percent.)
>>507846908 (OP)>should it be illegal for individuals to accumulate that much wealth (Non-Productive Accumulation)?But they don't do this.
They stick it in bonds, shares, property and buy businesses to avoid paying tax.
They have just a fraction of their wealth in cash
>>507847215>its not like they actually have that money; its tied to equity in a company.this there is $4.5 TRILLION of speculation on margin loans made by the NYFed using stocks as collateral
>>507847917It's the first one that popped up on Google, but I'm not particularizing
>>507847803billionaires get their money from stocks not wages. They're the ones who own the money reserves that are used to pay the wages
>>507846908 (OP)you know if any government started stealing citizens stock the value would immediately tank and they wouldn't be worth nearly as much.
stupid poor
stop being communist
>>507847161wonder who in the world has the most liquid cash
I support seizing the assets of anyone that profits from immigration or outsourcing, placing them in camps and forcing them to work to earn their freedom.
>>507846908 (OP)If you have that wealth in like savings or whatever, no. You should have all you can get or want on hand.
The problem with people like Elon is the financial shell game they play with their assets. They take out loans setting these assets up as collateral and that's how they buy their mansions and shit. As long as line goes up for their stock they're not in trouble.
It's why they are so vested in line goes up...not because they want to get the biggest possible payout when they cash-out...they never want to cash out because of this system.
What I would do is make it illegal for company shares to be used as collateral for a loan. That would break that particular parasitism of the system.
I would also make share prices in a company directly tied to the value of a company and not allow any speculation to drive price...not many know this shit but popularity drives the price of stocks more than the actual value of a company.
There's also a mechanism that allows people to basically bet on the failure of a company... I would make that shit illegal because it creates incentive for making conditions for a company to fail...pretty fucking dangerous honestly.
>>507846908 (OP)he owns shares and they increased in value. that isn't hoarding. hoarding is making a conscious effort to keep and store objects, adding more and more.
it is ridiculous to suggest that once the outside world values something you own at beyond an acceptable level of value, then it is unacceptable to have those objects.
what if you have the Mona Lisa on your wall and the world said "that is worth a billion dollars, it is unacceptable to have that in your house, you have to give it away or sell it"?
you are either allowed property or you are not. no one can impose limits on it.
>>507846908 (OP)immortality is the only way out of this. all is justified when you are on borrowed time and need to accumulate to ensure your progeny, the only thing that will be left of your sentience, is successful.
>>507847956because after a certain point it is unearned and only possible due to such a large society in the first place
but also b/c these large incomes tend to come from speculative money abused by those netrusted to issue the currency lol PIC RELATED, whose quantity ITSELF depreciates the labor of any nation and thus, the value of the Federal Reserve Note (and makes the US dollar look like shit on the world stage at the same time)
also, if the country issued its own currency (we do not- we got tricked into borrowing our currency from the now-bankrupt Fed), this would be different as any taxes, etc would go to the treasury and go back into the general fund and not go to a private banking cartel such as the Fed, but that is for another thread
>>507848097>billionaires get their money from stocks not wagesthis is too generalized a statement to respond to
how old are you?
>>507848575>because after a certain point it is unearned and only possible due to such a large society in the first place>but also b/c these large incomes tend to come from speculative money abused by those netrusted to issue the currency lol PIC RELATED, whose quantity ITSELF depreciates the labor of any nation and thus, the value of the Federal Reserve Note (and makes the US dollar look like shit on the world stage at the same time)posting Elon Musk when talking about money that doesn't come from productivity instead of onlyfans whores, niggers on welfare, etc. lets everyone know immediately that you're one of the biggest kikes on this forum.
why would an individual need more than 10 million USD in savings? you can easily live off the interest in luxury.
>>507848575>because after a certain point it is unearnedAnd your argument doesn't nake sense. If it's unearned how are they earning it?
>>507848687I misread sorry
>or anything over a certain income needs to be spent back into the economywhat do they spend it on?
>>507848294>has the most liquid cashMoney does not make food.
Labor, Seeds, Land, Air, Sun, and Water make food— we have ALL of these things WITHOUT fucking money. If you remove JUST ONE of these items, YOU WILL NOT HAVE FUCKING FOOD.
MONEY DOES NOTHING BUT ACT AS A QUANTIFIER FOR FUCKING TRADE.
We cannot have unearned income AT THE EXPENSE OF earned income. Finance must be the servant of production, not its master.
>>507847258fuck beat me to it
almost exactly how much he got from the West
>>507848971>what do they spend it on?More stocks.
Oh look, Japan's bubble economy occurs.
>>507846908 (OP)>is a man not entitled to the sweat of his browthis redditor idiots answer might shock you
>>507848988>ALL of these things WITHOUT fucking moneyYou can be like Venezuela and have neither food or money.
>>507846908 (OP)how hard do you think it would be to get a million dollars from him?
>>507848898riding the wave of fiat value fabrication at the material expense of the working classes is not per se "earning"
>>507846908 (OP)He doesn't have a giant vault of gold coins that he goes swimming in like Scrooge McDuck, you idiot. That's the net value of all his holdings, so it includes part of Telsa, part of PayPal, part of SpaceX, part of all the other shit he owns. So it's not being hoarded, it is invested in companies that provide valuable goods and services to the community. Yes, valuable. If those companies stopped providing valuable goods and services their value would drop and so would Elon Musk's net worth.
>>507848385Thanks for the detailed explanation. WP
>>507846908 (OP)>be mad at the self-made billionaires running different companies goyim, don't even think about the banking dynasties
>>507846908 (OP)Of course it should be allowed.
That dude does not have 400+ billion just laying in his bank account. Most of that is shares of his own company.
So you are basically not asking if people should be so rich but if people should be allowed to own their own company. And if your answer to that is "no" you are a filthy commie that should be put against a wall.
what did it take to brainwash the slightly above poverty line working class to actively defend their masters who exploit them? Is this the so called "american dream" where you fight for survival while others sit on their ass and laugh at you?
You should be putting hits out on people like musk so their capital goes directly to your communities
>>507849194>arbitrarily define something you don't like as fiat value fabrication. Government spending is the single largest factor driving USD inflation. Shitcan medicare, medicaid and you'd actually make a dent into 'fiat value depreciation'.
>>507846908 (OP)You should be able to pay some of your taxes in stocks, and there should be a third party that's part of the government but also obeys its own rules, like the guy who decides how much the money printer should go vroom. This institution should hold onto the stocks and only sell them in peace meal amounts in a smart way as to have minimal effect on the stock market, or just hold onto them and receive dividends. That way the government could effectively tax these people who have most of their wealth tied up in stock evaluation without hurting the market.
>>507849186extremely hard, unless you trade something of value to him, intellectually or physically. He didn't get rich by giving away free money.
>>507847025>You do know he doesn't actually have that much money on a bank or under his mattress, right?No they don't get or understand that.
>>507848898the person (boss) is only as important as the others that make him
if he cannot do it all alone, he should not take such a share
you do realizing currency is called currency b/c it is the lifeblood of a nation, it is flowing
once a currency is hoarded or uses as an investment it is no longer useful as currency
a currency is an agreement of cooperation amongst citizens, not a means of control, but a quantification of exchange
and i'm not arguing anything (that would imply i was being challenged), my post was a suggestion
>>507849355His entire livelihood is based off of government contracts and tax incentives. If you want to impoverish the white nigger actually make NASA work again and stop issuing 'green tax credits'.
>>507846908 (OP)>man who scammed investors and milked billions of dollars in tax credits has untold wealtheasy solution
>>507847623>no one is profitable
>>507846908 (OP)his wealth is based on stock value, his stocks could drop to 10% of the value anytime
>>507849631>b/c it is the lifeblood of a nation, it is flowingMoney isn't removed from the economy when a company's shares are valued highly you retard. It's distributed by those who trade the equity.
>>507846908 (OP)That is counting his Tesla's stock. People dont understand that he could never sell it for that price or he would tank the price.
>>507849631Currency isn't being hoarded in this case, dummy
>>507849655>man who scammed investorsSo a jew out-jewing jews? Based in my book.
>and milked billions of dollars in tax creditsUsing the retarded tax system as hard to your advantage as possible? Also really, really based.
>>507846908 (OP)They aren't hoarding low IQ favela monkey their wealth is derived from assets not actual cash
>>507849977You don't say? I was being sarcastic.
>>507849880Or that he hasn't removed $400 billion from circulation. He paid a $25 million for Tesla. Other people value his stake in the hundreds of billions.
>>507849167>Venezuela has neither food or money.we do recognize the squeeze going on there, don't we?
pic related lol the club
note mexico IS ON THE LIST kek
note argentina isn't even on the page (lel we all just saw what happened to their gold last year)
Basically it is that twenty or so advanced nations work as a bloc and if a nation’s government won't sell their own country’s resources and labor out, they exclude you from trading with the Federal Reserve Uniparty bloc.
The global pie has gotten larger for the debt-based, nationless central bank classists, as the domestic pie grows smaller for each nation's citizens.
What you are experiencing is the elderly generations hoping your greed is as great as theirs so the NYFed/Individual income tax/FICA Ponzi stays afloat long enough to prop up the NOW insolvent Federal Reserve.
This constant subtle guilt for not being a greedy scumbag run ragged on the rat wheel is subconscious.
268 (1)
md5: 58964d6ce9fe0eb956e38d1d672d0506
🔍
>>507849355For as commiepilled Star Trek is there is an episode from the DS9 series in the 90s with a little line from a character that belongs to the hyper capitalist alien race of the Ferengi.
A different alien was taking to a Ferengi about why he puts up with the owner of the business he works for exploiting him so openly and brazenly...and the reply.
>No you don't understand. you see us Ferengi don't want to stop the exploitation. We want to one day become the exploiters!And I think that's the attitude of many of my fellow Americans. That if they play the game they too will one day be at the top but if they destroy this game there is no top to go to.
Nevermind that by the fact they're being exploited like this means they won't ever make it to the top...
My fellow Americans are aspirational.
>>507849355>capital goes directly to your communities This is a feel-good soundbite, not a policy. What would this mean in reality? You have no idea, because you're economically illiterate.
>>507850099>we do recognize the squeeze going on there, don't we?Of course comrade it's always someone elses fault!
Get fucked. Their economic mismanagement is entirely domestic.
>>507850182Mo money for dem programs.
>>507846908 (OP)He's just a receptacle for various government contracts and other international corporate interests.
Individuals should be able to accumulate wealth, the real problem is the current definition and "rights" of a worker are nothing more than glorified servitude
Wealth accumulation will keep happening until workers gain the rights of shareholders for the company they work for
>>507846908 (OP)should be 1 bn max
>>507847161he should be force to liquidate 1bn and surrender the rest
>>507849932it is being hoarded when people are overpaid
especially when they do not really produce anything of value
when people's contributions are overvalued, they decrease the value of the currency for all of us
i think that the defining turning point to devolution in humnaity began with ACCEPTING MONEY THAT YOU DIDN'T EARN
this is the first step in the debauchment of any currency
and we have it in spades with the NYFed
lol pic fucking definitely related
>>507850232i work, freak show
try again
>>507850182For a start it could be used to pay down debts and deleverage the economy
>>507850529I didn't say you didn't retard.
>>507850441you liquidate stock by selling it to a willing buyer
who's going to be buying stocks when the government has just introduced the most anti-market policy in the history of industrial civilisation
>>507846908 (OP)none of that matters if society collapses, he thinks he can just fly to mars if that happens? nope.
>>507846908 (OP)bitch he cut NASA expenses 90%
He also destroyed all your US-AIDS butt buddies
seethe.
>>507850547>pay down debtsPointless when the government will just continue expanding spending. You need a balanced budget if you want that to work.
>>507850232why would you call me comrade then?
what's your fucking point
i have to go to work
>>507846908 (OP)The stock market should be illegal
>start company
>it does well and you become rich
>"Please stop being rich."
>"How?"
>"Sell your company."
>"But I'll still be rich?"
>"Then use the money to start a new company."
>start a dozen more, some do well
>"Please stop starting companies, some of them are stupid and I don't like them."
>"So what am I supposed to do with the money?"
>"Give it to me."
>>507850747>why would you call me comrade thenHoly shit, I was only calling you retarded to be mean. Kind of actually takes the fun out of it when you actually are.
>>507850480>it is being hoarded when people are overpaid>especially when they do not really produce anything of valuethe NYFed needs debt to be issued like a vampire needs blood
>>507850876i knew you had nothing
just making sure
>>507847025>>507849522even if it was a number in a bank account, the bank would loan it out to other businesses and home buyers twenty times over
>>507850939Jesus you are so fucking retarded.
>>507850699No it's not pointless, the reason why the budget doesn't balance is because it ends up being horded somewhere
>>507850182>What would this mean in reality?not hard to imagine, you absolute retard
capitalcucks are always quick to point out how billionaires don't actually have that money lying around and it's all just the value of their companies, so all you have to do is redistribute those stocks to the actual workers, it's that simple
>>507851081>is because it ends up being horded somewhereNo it doesn't, it gets spent on retarded vanity projects. Like keeping retirees in care facilities run by private providers, sent in graft to Africa or providing tax credits to automotive manufacturers.
>>507849803>Money isn't removed from the economy when a company's shares are valued highly you retard.i never said any of this
i said speculative margin loans using stocks as collateral (that are what caused the great depression) are at $4.5T now, issued by the NYFed as seen in the image here
>>507848041the Federal Reserve purposely underreports this pic related by 8X
>>507850182>What would this mean in reality?taxes
>>507846908 (OP)Wealth isn’t finite you retard.
It’s not like there’s on big pile and it’s divided up between every, people make their own wealth, well except for Jews , they actually do steal everyone else’s.
That’s the sum of the valuation of his companies, you fucking idiot.
I know you want to kill people, but you’re not killing Elon. He does really nice things with his companies. Find somebody else to kill. I know you must also do it in good conscience, so the mob must cheer you on, so idk man, find another target.
>>507851577>once a currency is hoarded or uses as an investment it is no longer useful as currencyДa, тoвapищ
>>507851677Yes it is retard. If it was the way you claim they could just keep printing without inflation. Its not just made up numbers on a screen. The numbers represent resources and human capital at its core
>>507851810i'm not googling that
>>507846908 (OP)Holding too much liquid capital should be disincentivised. It's more or less the only way you could have a non inflationary system.
>>507846908 (OP)>$400,000,000.00I wonder if the average retard here realizes that even if you divided equally that for all Tesla employees they'd have about 4 MILLION dollars in assets... but yeah, unrestricted capitalism is amazing
>>507848294Spiritual Wonder Boy or trust funds similar to it. Some TOP level jews decided, since they can create money from thin air, they'd just create secret bank accounts with nonillions of dollars, from which they can distribute trillions to economies/individuals around the world to price-out competition.
It is liquid, but, if the public or even most of the private sector were aware of it, all money would lose all value instantly. The world economy depends on high level people turning a blind eye to magic money that appears from nowhere.
>>507847578You have no idea how many people actually that
>>507846908 (OP)>should it be illegal for individuals to accumulate that much wealthDon't be antisemitic.
>>507852047But then the company Tesla would cease to exist
>>507852194Why? Everyone would own a share, maybe they'd even work twice as hard. Obviously you'd still have executives, managers and whatnot making different salaries.
>>507851103So, end publicly traded companies? You want people to only be allowed to invest in the company they work for and nothing else?
>>507852047Then it wouldn't be worth $4 million. You've just ended publicly traded companies, remember? You can't have a speculative market valuation without a fucking market you dumb favela monkey.
>>507846908 (OP)It would be easier to ban the concept of stocks to fix the economy
>>507846908 (OP)Yeah that's 413 billion that could go to fat people on foodstamps, or to our brave defenders of democracy in Israel and the Ukraine!
>>507850480>ACCEPTING MONEY THAT YOU DIDN'T EARNso taxes
chose a very poor example as Melon is actually bankrupt and all his wealth estimates are theoretical and not liquid
>>507852342>So, end publicly traded companies? You want people to only be allowed to invest in the company they work for and nothing else?How did you get that from my post? Does China only allow people to jnvest in the company they work for? No, and still you can have those cooperatives like Huawei in which the workers get at least a little bit more than just fucking peanuts every week. It's about companies paying their fair share to the workers instead of just letting CEOs hoard all the wealth, dumb dumb, no one is talking about abolishing the markets
>>507852433this
the line go up shit is ruining the world
>>507852304Tesla offers their employees share packages.
>>507846908 (OP)No, certainly the world has gotten better ever since Regan and trickle-down? Hasn't it gotten better? Does it feel better?
>>507851006It is not even a number in a bank account, retard.
>>507852304Well, the company wouldn’t remain alive without top down command, and new ventures are always non-starters in a communist paradigm anyways where nobody is willing to take on risk. Tesla does not exist in a communist world. Nothing does.
and for the record, i have nothing against the stock market or investors, i am out to abolish the fed
but even in the stock market, the market rigging is unbelievable pic rel (just one of thousands of examples on my computer, good old wash trades, boy these people are detrimental and useless, the worst combo)
glass-steagall does need to be reinstated, too
>>507852613You posted a private company. Presumably you want this example followed. So how are you going to still have publicly traded companies if every company has just been forced to cede ownership to all its workers you fucking ape?
>>507852560that would fucking work if the treasury was issuing the currency LIKE IT'S FUCKING SUPPOSED TO
AHHHHHHHHHHHHHHJHJJ lol
>>507846908 (OP)>hoardingOver 99% is most likely tied up in various things. Would be retarded to keep it liquid.
Also
>flag>topic>claimYou don't understand money and you are also poor
>>507846908 (OP)Honestly, once someone reaches a 1 billion, all other incomes in taxed 100%. If their value drops under a billion, then the tax goes away. Will people find exploits and what not? Sure, but 412 billion there would be no exploits, it just would be impossible, so 411 billion of it should be 100% taxed, maybe the exploits allow him to actually keep 5 billion instead of 1 billion, but 407 billion going into revenue would boost so much stuff it would be crazy, and 1 to 5 billion is multi generation wealth, like 7 generations if not more would live a comfortable life
>>507852938>if the treasurySo it is the government's fault.
>>507853149you still instigating here?
got nothing to contribute?
idly sitting there, probably playing with yourself?
pic related is good-natured satire
>>507853112>>507852750Do chuds think market value of stocks actually contributes anything to a society? Cash it out and make it go somewhere useful.
Apple stock being at 95 vs 195 means fuck all to 99% of Americans.
>>507852938>that would fucking work if the treasury was issuing the currency LIKE IT'S FUCKING SUPPOSED TO
>>50785293550% of Tesla is owned by investment holdings and 12% is owned by Elon Musk. You could make that 5% and 1.2% and still easily have a fair amount of private investors and one big-shot billionaire to direct the operations while not making everyone wageslaves (again, China). Instead, you'd rather believe we can only go either full USSR or full unrestricted capitalism so that you can feel good about slaving away for your kike masters.
>>507853343It gives them the ability to borrow money and expand the business, creating jobs.
We don’t need to take more money from anyone, we need to not take any at all from the working class. There’s no reason to tax the working class a cent, when they make purchases they are supporting the economy. The problem itself is taxation and you retards want to expand on the entire issue.
Also, for the retards, he doesn’t have that much money. That’s just what his assets are perceived to be worth on the market.
>>507846908 (OP)that's not his personal wealth. i mean, it's not just his personal money. business value, stocks & shares are calculated as part of a rich individual's fortune. which means, they can't really use that wealth. they need to save it to maintain all the business working. that includes worker's wages, material replenishment, tools, etc.
most rich people don't have any money, or almost any. they invest all of their fortune in business, land, houses, cars, yatches, etc. they choose property over money because property doesn't get devalued with inflation. money does.
>>507853257>instigating>oh the government should force everyone who makes a lot of money to pay the government directly resulting from the government's mishandling of monetary policy!
kek senate passed the genius act (to regulate stablecoins) this am
it still needs to pass the house
The NYFed and its ilk are also now trying to convince the boomers to switch from private Federal Reserve-issued, debt-based Federal Reserve Notes to privately-issued blockchain tokens. This going to be priceless to watch. Neither of these currency options benefit the citizens, they only benefit the private issuer. Will boomers sell out once again to the banks?
And in the next orchestrated crisis are the boomers’ new asset tokens to become worthless, as the platform will hold the real asset?
No one is really expecting boomers to:
1 admit what they have done
2 apologize for it
3 see what they can do to fix it now
But everyone is expecting boomers to:
1 double-the-fuck-down on their greed, arrogance and hubris
the real question is how much damage are boomers going to do before they pass on and will it be irreversible?
>>507853343Cash it out HOW?
Sell to WHO?
>>507853142How do you tax 399 billion of a 400 billion house?
>>507853648>>oh the government should force everyone who makes a lot of money to pay the government directly resulting from the government's mishandling of monetary policy!never fucking said that either
i said that people hoarding large amounts of currency dilutes the value of currency for others
nice try
>>507853688https://archive.4plebs.org/pol/thread/505237484/
^^^ A thread about the NYFed and its ilk now trying to convince the boomers to switch from private Federal Reserve-issued, debt-based Federal Reserve Notes to privately-issued, debt-backed stablecoin tokens. This is going to be priceless to watch. Neither of these currency options benefit the citizens, they only benefit the private issuer. Will boomers sell out once again to the banks to save themselves from a failing system that they created? One last fuck you to the country as they insulate themselves in their private tokens?
And in the next orchestrated crisis, are the boomers’ new asset tokens to become worthless, as the payment platform is the ultimate claimant to any reserve assets in a crisis or bankruptcy?
When is the currency going to be restored to the people? Don't US taxpayers have a right to a debt-free currency issued by their own treasury?
>>507846908 (OP)It's not like he has it sitting under his mattress lmao. It's "net worth" in companies that he owns large stakes in and that produce real things.
The NYFed’s primary dealers and their ilk want to tokenize all asset classes so they remain in a top, untouchable tier of shareholders that takes no risk and always gets paid.
pic related: JPMC is JPM, the largest owner of the NYFed private franchise
The NYFed-ilk BlackRock and Citadel have just opened a new exchange in Texas, where there are no capital gains on metals.
So, they are likely looking to have some con that involves switching from one asset class token to another (from treasuries tokens to MBS tokens to metals tokens) via blockchain asset tokens, then leaving with their gold assets with no capital gains.
These asset tokens would also allow fractional ownership, so they can fleece even the poorest investor.
Central banks are now acquiring gold to back their own currencies, NOT to convert from gold to digital, but to give them a seat at the NYFed/BIS/IMF TOKENIZED ASSET table
the global pie is getting bigger for these classists, as they sell each of their own nation's future productivity, making the domestic pie much smaller for each citizen, as outlined in this post
>>507850099
>lefties ACTUALLY think that Elon has $400b sitting in a checking account
this is genuinely the average redditor's level of thought
>>507848294Probably a Saudi prince or someone like Warren Buffet
>>507854100>top, untouchable tier of shareholders that takes no risk and always gets paid.PIC REL:
james dimon calls it stakeholder capitalism and do note that in stakeholder capitalism, ONLY THE STAKEHOLDERS COUNT
we are now practicing and witnessing the failure of state capitalism (aka low grade communism) that is NOW BECOMING stakeholder capitalism
>lazy skimmers dread real price discovery
>>507853877>never fucking said that either>>507847803Yes you did.
>>507854383>>top, untouchable tier of shareholders that takes no risk and always gets paid.>PIC REL:>james dimon calls it stakeholder capitalism and do note that in stakeholder capitalism, ONLY THE STAKEHOLDERS COUNT>we are now practicing and witnessing the failure of state capitalism (aka low grade communism) that is NOW BECOMING stakeholder capitalism>>lazy skimmers dread real price discoveryi'm starting to think you're a bot
it is so hard to discern between genuine stupidity and poor AI, they are near identical
>>507847025>>507847161He could be borrowing money against mosy of his illiquid assets to invest in new projects, but isn't doing that because it would cause a marginal (<1%) decrease in stock price for his own companies - that's the non-productive part
>>507853868No one needs a fucking 399 billion dollar house, or other assets. How can you even defend that at all? Billion is the line in the sand, once you accumulate that every dollar afterwards is 100% taxed
Daily reminder:
The State Capitalist/Communist Regime of the Federal Reserve Uniparty
There is Free Market Capitalism, which we do NOT practice. This is when you have competition & the rewarding of success.
We practice State Capitalism (low-grade communism) in which the central bank rewards their buddies whether or not they are successful. They also launder their worthless Federal Reserve Notes into real assets while doing so, which are then held by their private corporation. This is State Capitalism.
Again, NOT to be confused with free market capitalism, which is probably only truly practiced somewhere in the Andes.
The Federal Reserve is a group of 12 private, incorporated, regional franchises (they can each be sued) & is the driving force behind the corporate takeover of our government.
State Capitalism (aka low grade communism directed by the central bank):
>the state has considerable control over the allocation of credit & investment
>planning to protect & advance the interests of big business against the interests of consumers.
>government controls the economy & essentially acts like a single huge corporation
>publicly listed corporations in which the state has controlling shares
The Fed con laid out in 105 posts.
https://archive.4plebs.org/pol/thread/306098770/
Correction in archived thread: change mortgagee to mortgagor
Fed info & links to house & senate crypto summaries:
https://archive.4plebs.org/pol/thread/329381702/
Criminal activities of the NYFed's primary dealers
https://archive.4plebs.org/pol/thread/342538518/
The NYFed investing in China:
https://archive.4plebs.org/pol/thread/359651784/#359683568
Ukraine & its owner, the NYFed: https://archive.4plebs.org/pol/thread/373203255/
Fed thread: https://archive.4plebs.org/pol/thread/389999787/
June 2023 Fed thread: https://archive.4plebs.org/pol/thread/428705533/
The irony here is that we are, in real time right now, witnessing the failure of low grade communism, aka state capitalism.
>>507846908 (OP)elons is not really non productive accumulation tho its all tied up in his companies value not sitting in a bank
>>507846908 (OP)1billion alone is already absurd for one person.
heck even 100million.
the fuck has this nigger 400billion?!
its just wrong. no qualms when someone is rich, has a house, boat etc.
but that shit is just over the top
>>507854366>the key stakeholder in stakeholder capitalism is the stakeholderjesus fuck
this idea will get a different name once its true nature will become obvious to most people
you could just as well call it implication capitalism at this stage
>>507846908 (OP)You know that’s virtually all shares in the companies that he owns and not just cash stuffed in a mattress, right?
None of it is liquid and the valuation is fake “I own X% of Tesla and one share is worth $Y”
That’s the opposite of wealth hoarding. It’s all market invested.
Elon is gay but you’re retarded.
Worry about royal usurers who are exempt from the list of the world’s wealthiest people.
>>507854605What if my company is worth 10 billion, how do you tax that?
>>507846908 (OP)covetousness is a sin against your own mind. no need to worry about what another person possesses as it only hurts you.
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>>507846908 (OP)Most of it has been scammed out of taxpayers, its his MO.
>>507847958The 20% are Europe, USA, Canada, Russia, Australia, New Zealand, Japan, South Korea and China. The 80% is everyone else.
>>507855112You only own 1 billion worth of your company after that the rest is 100% taxed. The money goes to programs that help builds American infrastructure and other things
>>507847025Ok, and? You can take away his properties, his cars, golden watches, stonks, etc. People would take even memecoins.
>>507854995more like
ONLY THE STAKEHOLDER MATTERS
not
the stakeholders matter more than others
there are no others even considered
kek this can be quantified in pic rel which is an image from the thread linked in my next post
>>507855852How do you tax the 9 billion from my company? It's not making 10 billion a year, all the assets and future profit projections value it at 10 billion
>>507855894A thread from a few Sundays ago:
<<<<——-https://archive.4plebs.org/pol/thread/504503488/
The now-bankrupt Federal Reserve is building a $2.5 B complex in Washington DC and funding it with borrowed US taxpayer money. The Fed is fucking broke and putting Italian beehives in its extravagant rooftop gardens and building private elevators to VIP dining rooms, yet bloviating about the importance of citizens being able to communicate in a republic. lol
To add to the elitism and absurdity, Elon Musk, with his toothless, empty threats on his way out the door of DOGE, glibly stated, “someone should look into the Fed.”
Really? Is that it? What an absolute fucking joke.
It is fucking amazing that Trump’s economic advisor (Miran) wants to now indebt the US with 100 year bonds, so we can be skimmed for another fucking century by these insolvent frauds.
https://nypost.com/2025/04/27/business/federal-reserve-blows-2-5b-on-palace-of-versailles-hq/
https://archive.is/fpJ4J
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>>507856117And you know, these families probably have 10x more than we see here
>>507854383also you said 'must pay the govt' in your greentext mistranslation of my post
i said in my post to SPEND such excess INTO the economy, not the fucking government
two different things, einstein
>hoarding wealth
the word "hoarding" implies buying something up and squirling it away for your peivate use
it's not something that makes sense in the context of capital, if someone owns shares in companies that value isn't sitting in some dark crevice of their pyramid
Elon Musks wealth is factories where people work
The best arguement agaist this concentration of ownership is that it gives those who own so much capital political power. Not that they're hoarding some resource.
The notion that their wealth isn't productive is absurd, because that's all it is. All their surplus goes back into creating more capital, more factories, machines, workers, server farms, etc.
>>507846908 (OP)He's actually creating wealth for YOU by taking money from the BANKS and giving you a STOCK you can BUY so that YOU can take their wealth.
>>507846908 (OP)>Non-Productive AccumulationIt's the value of his company so it's the exact opposite of that
>>507846908 (OP)I'm against people getting this wealthy because it gives them immensely power over we nations. Couple with the free market capitalist ideals, government just hands power over to billionaires, literally I Trump's case where he has 13 billionaires in his cabinet. So reducing the ability to fund elections, to create conditions where voters are more of a priority, there needs to be more limits on wealth, especially how it can be used to control politics.
There's something to say about the usefulness of capitalism, how competition creates a better quality of life, rising tides, but at a point the system becomes so dependent on growth it autocannibalizes itself, it finds value in lowering quality standards. With debt and finance, you may not notice the slow boil because you can still have bread and circuses without realizing you're losing more.
It's odd that we've been on board with this dog eat dog model since the 80s, we can see how the deal gets worse and worse, but we saw the solution to the problem as handing over the means to check and control billionaire influence to the billionaires themselves and they've been doing themselves all sorts of favors with tax cuts, weakening the IRS, overturning Biden's bank regulations, and giving AI 10 years of protection before there can be regulations against it.
>>507846908 (OP)Nigger , do you know how many jobs this African has created on the Soace Coast in central Florida.
The entire fucking economy was collapsed until he started launching rockets at the KSC. He sucks to work for yes, but he also affects everyone else in the industry.
>Need hypergolic fuels ? Okay hire 6 more engineers and 12 more techs at company X
>Need hypergolic transfer panels ? okay contract that out to PFC in cocoa
>Looks like we are building a new high bay for processing satellites contract that out to the 808 iron workers for 32 an hour and double time in Sunays
>Need a new place to manufacture satellites contract that out to One Web in Merritt island
>Now we need a contract company to certify all these cranes >We need to rent cranes to lift all this stuffContract this out to Maxim crane company
>looks like Brevard County needs another 200 welders at 35 an hr.Niggers like you don’t understand because you don’t work
>>507853877the Antichrist will be literally less evil than Private Central Banking leadership.
>>507856590>All their surplus goes back into creating more capital, more factories, machines, workers, server farms, etc.and this, children, is what we could have had had the Fed never been created
all of our surplus goes to the fucking NYFed, siphoned off as interest to BORROW OUR OWN FUCKING CURRENCY
>>507856725Why don’t you come to Brevard county and start a construction and machine shop ? You can start bidding on these contracts for SpaceX , unless you’re a lazy fuck
>>507856866sometimes i think even satan is surprised
>>507856977>all of our surplus goes to the fucking NYFed, siphoned off as interest to BORROW OUR OWN FUCKING CURRENCYi have 482 images for this post
>>507856732Over 2,000 Tesla workers were fired and replaced with H1Bs in Texas. I get that the rich are job creators, but the NASA created jobs too. The IRS creates jobs. And the good news is that his wealth and influence can be regulated and he can still make jobs. Walmart is worth less and makes more jobs. Him having that wealth is due to cutting corners and hiring less people than he could.
>>507849355work was always done by slaves. free individuals don't work. they live out of their inheritance, their companies, their land, their property or any private income they have, while holding no debt.
>>507857154>>all of our surplus goes to the fucking NYFed, siphoned off as interest to BORROW OUR OWN FUCKING CURRENCYthis can be seen in chart form here
>>507850878the US taxpayers have a fucking right to their own debt-free currency, the US Note
we can also have US Gold Certificates and US Silver certificates
>>507857169are you calling us wagies... slaves?
>>507855984Projections no longer matter, its based off the revenue the company physically brings in. Im not going to sit here and pretend im an expert on the matter, but there has to be a way to make a billion the hard line in the sand, and any dollar afterwards is 100% taxed.
>>507857034Because competition is already getting smaller and smaller, bought up and controlled by fewer groups and private equity. Asking me to find a better position on the boat as it's sinking isn’t a solution to the problem. My better move is to buy into Vanguard, go all in, but the problem remains. Even if I get mine, even if I die comfortably before the sink, the problem remains.
>>507849355america is a toilet now. of course they're not going to take their own side, they literally worship kikes.
>>507857169>work was always done by slaveswork doesn't make you a slave, it makes you industrious
i think more taxes are bad because however bad you think elon is at allocating massive amounts of money, the government doing it is infinitely more inefficient and corrupt at using that money. this is the part libtards dont understand. lots of extremely stupid people in the government, but also lots of extremely corrupt and self-serving people there, without the accountability of market forces to influence any of it
>>507849388you need to be 18 to post here, anon. core inflation drives wealth creation in this carnival or horrors. a stock is purchased at $1 and after decades QE amd fractional reserve lending, the same stock is purchased for $10 without any regard to any change in the company metrics, only that since there are more dollars the item now sells for more dollars. As in this fiat nightmare, there is no money, and currency looses 6% of its value every year now.
Money is often falsely equated with productivity, intelligence, class, success, integrity, and/or good taste.
If you equate success with money, you will likely be perpetually dissatisfied, in a constant state of longing.
But if you VALUE THINGS WHICH CANNOT BE BOUGHT, such as:
community
family
work ethic
intellect
fitness
perseverance
cleanliness
honesty
integrity
compassion
tradition
loyalty
reliability
patience
humor
If you value the above, you will always be content and successful, no matter where you are or what you do.
Judge yourself by deed, not possession.
First world and third world are both about to become second world. I call this the great evening. People will have to become more useful.
>>507849388>Shitcan medicare, medicaidlol
<<<<—The red arrow is the running tally just for the US Intragovernmental Debt. These ‘unfunded liabilities’ include Medicare (~70% of picrel) and Social Security (~25%) and Disability (~5%).
$152 TRILLION (US taxpayers paid $237 Billion in interest on this Intragovernmental Debt in FY 2024 ALONE). This is the amount that is owed out, as of today, based on what was taken in, in (mostly) payroll taxes.
THIS DOES NOT INCLUDE the ~$36 TRILLION in Marketable Debt (aka Public Issues) that the public is always bitching about (US taxpayers paid $896 B in interest on this in FY 2024 ALONE).
So, the running tally for US currency ‘borrowed’ from the NOW-INSOLVENT private Federal Reserve's debt franchise is ~$187 Trillion.
$187 fucking TRILLION.
https://fiscaldata.treasury.gov/datasets/interest-expense-debt-outstanding/interest-expense-on-the-public-debt-outstanding#data-table
next thing you bootlickers say onflyfans and instagramm whorerism is also a net positive to society like this billionaire cunt. Wagecucks are so mindbroken lmao its hillarious
>>507857567Then I'll just keep my salary from my company under 1 billion and have the company keep expanding with all the excess profit it makes
i have to go to work soon, it's raining but drying up
>>507858057If every working adult in the US gave up an extra 10% of their income to directly pay off the debt, it would likely take 250 years or more, not fully accounting for inflation and interest.
>>507857668>without the accountability of market forces to influence any of itGetting to that point requires tax and regulations because through finance the wealthy can fall upwards. This system disadvantages the less wealthy because they don't have the means to invest and get funded like the already wealthy so they get filtered out. It creates a system of less competition for the private equity firms and more desperation for workers and investors who have less options but to buy into their system.
Government spending can be corrupt and inefficient, but after what DOGE has found, it isn't much and the jobs created/waste found was often employing US veterans to water plants at the VA. So even the inefficiency was just a means to keep people employed.
Funding more oversight boards to help you be more confident there is less corruption and waste would also create jobs. Funding the IRS more increases revenue and creates more jobs.
>>507858475And also NOT accounting for piling on more debt. In truth, it could take a thousand years, or perhaps never end at all.
In other words, this will never be paid off, and it will come to a head with either a forgiveness or foreclosure.
>>507846908 (OP)You're framing it badly, what people want to do with their money is not important. You just need to focus on flatter distribution of the wealth unless you want unrest.
>>507858475the only reason this lunacy continues is b/c
>we are the reserve currency>boomers love money over countryuntil these two things end (~10-20 years), we will continue to see one self-enriching policy after the next
The boomers took an opportunity to be the greatest nation and an example to the rest of the world, and got so drunk on the Fed's free money, they have now sold out the whole country and run it into the fucking ground.
the legislative volley between boomers and billionaires that leaves everyone out:
NYFed owners say they need more taxes from social security/medicare payments to pay them interest
boomers say big bank fleecing of the country is fine as long as they're getting social security
and they both continue to make laws to protect their positions, so now, effectively all wealth is going to the old and dying
Yields are now rising b/c the supply of US treasuries is increasing, bids for them are decreasing and the demand for treasuries is ALSO decreasing. This rise in yields even further bankrupts the US Treasury and everyone thinks the rise in yields is b/c of an investment boom.
This is how stupid people are today. lol
Then to make matters worse, the Treasury is also now consistently BOTH buying and selling treasuries ITSELF, just like the Fed's QE/QT programs, creating even more artificial demand, which then further skews the true value of the bond market and the price of money itse
>>507858911We're going to have to either legally dissolve as the country we currently are, make huge concessions to the rest of the world, or use outright force to demand they forget our debt. It's very bleak. At last I understand what people meant about "kicking the can down the road."
>>507848385Now this is a true possibility for a solution, anon.
But then again, the economy is infested with parasites, good luck taken those out without they latching out as the little faggots that they are, you need plans for that too.
lol
there is a 91 year old
>>507858516i dont see how anyone can have confidence in oversight boards. government agencies fail all audits to the point where they dont even do then, face no consequences for failing them or not participating. money goes into the government and disappears. without results. the US debt has pretty much made money meaningless. companies should be able to fail it makes them honest. accountable. a government can't fail without destroying a country and so it perverts everything. so i really think they should be a lot smaller and less bloated. they are really not for the public good, and haven't been for a long time. there are very smart people who go into the government to get extremely rich and powerful. and they do it, at the expense of everyone in the country. at least private companies have to provide value back
Jewish fractional reserve banking coupled with usury that allows the banksters to create money out of thin air and also charge interest while loaning that imaginary money to the NPCs who will give their life away in order to honor a debt that only exists in their head because they were stupid enough to believe this delusional system.
This allows the rich elite to profit off of slave labor while providing no additional value to the system, it's pure parasitism, rentierism is what the nazis fought against and why the capitalists and communists fought alongside to eradicate national socialism which was the only ideology who managed to get free from jewish economical predation
>>507859394>91 yr old grassleyis unironically right now live on cspan tv at a senate committee hearing on whether or not biden was senile
holy shit
i shit
>>507852047No, you're the retarded, not only that but a marxist retarded.
Let me break down for you, retarded.
He doesn't have only 1 company, all his assets are divide into several companies that include even twitter/x today.
second, you're implying that the workers of a company deserve the money, also not true, they didn't create the company, or had the business idea in the first place.
If you want to be a low IQ parasite, well, for a working society that is impossible.
Never forget that when our low IQ score low internationally you're the main reason for it.
Stop dragging brazil down.
>>507859484>rich elite to profit off of slave labor while providing no additional value to the system,>elitestop using this word
elite (n) - the best of a category, the finest, etc. (i.e. this could also apply to turnips)
elitist (n) - one who thinks they are better than others
There is a difference between the two.
Calling the worst of what humanity has to offer the "elite" is wholly untrue.
Elitist, yes. Elite, no.
>>507853343Stocks are far from the only thing to glop money into, but it is fucking jewish retard magic that is semi gamed at this point
>>507859540>i shit you not*kek
them coming out now admitting biden was incompetent is like pic rel
>>507850873lol good summary of communists retarded way of thinking.
>>507846908 (OP)market capitalization is not wealth. it's essentially just collateral to borrow upon. elon doesn't really have that much personal wealth
>>507854662centrist are the real problem, you cant make something work if you don't actually implement any policy.
>>507846908 (OP)Hoarding implies that he is hiding it surreptitiously, not that it is being handed to him in massive amounts to promote the agenda of the moneylenders.
>>507859407Private companies provide value back to investors at the expense of workers and consumers. Unregulated private equity firms put into the mix create an unstable system of house flipping industry staples into shaking shallow husks of their former selves as they go from company to company turning short term profit at the expense of long term survivability.
That's why I'm saying funding more and regulating better, enforcing more. You need a better funded IRS to do that for example. Billionaires want a weakened government and IRS because that prevents them from facing consequences for what they do to workers and consumers and even investors. Unregulated AI, the president himself running rug pulls on crypto scams. Sitting back and giving up on government doing more about this (they clearly do something about this, that's why there's such an interest in Vance in the first place) doesn't make sense.
What makes government shitty and inefficient more than just human nature and imperfections? Money in politics, financial motives to be shitty and inefficient. Removing that means, regulating it further, creating more oversight and consequences, is a step in the right direction.
>>507859608>Stop dragging brazil down.<<<---the juice left to squeeze in brazil according to the Fed at jackson hole last year
>>507846908 (OP)>Measure somebody's wealth by the value of his stock in highly productive companies>Immediately turn around and call that "non-productive accumulation"
>>507859992Too bad you get called a fucking neocon whenever you want to actually enact change. You fags are so dumb bro it’s tiring
>>507859992debt-based central banking is the problem
it robs a nation of its agency, the ability to control the value of their own labor through the national currency
these fucking failure frauds of 2008 are fucking robbing us blind, to the tune of $2B week
>>507860512>it robs a nation of its agency, the ability to control the value of their own labor through the national currency
It’s about control with you dumbass lmao if you had his wealth you’d be doing whatever possible to retain your position. You don’t give a fuck about anything virtuous you just want to be on top
>>507860512sure, not you just need someone to do something about it. Good luck with that happening though, have you even checked the time?
>>507860648speak for yourself, you dont know what id do with my wealth, jewish cuck.
The NY Fed's Quantitative Easing (QE) counterfeiting scheme:
NYFed buys treasuries (and MBSs) outright from (only) NYFed primary dealers by creating reserves out of thin air, which seditiously undermines Congress’ sole power to regulate our currency. This is QE.
NY Fed’s primary dealers then take those reserves and earn Interest on Excess Reserves aka IOER (now called IORB) on them at the NYFed, interest which IS PAID IN CASH to the primary dealers--cash, which they DO MAKE INTEREST ON, this is their counterfeiting scheme (also, every penny paid in interest (cash) to the primary dealers for excess reserves also reduces the Fed’s remittance to the US Treasury).
The NYFed used QE to bail themselves out during the financial collapse of 2008 and is how its primary dealers have been effectively counterfeiting our currency ever since.
“The quality of education given to the lower class must be of the poorest sort, so that the moat of ignorance isolating the inferior class from the superior class is and remains incomprehensible to the inferior class. With such an initial handicap, even bright lower class individuals have little if any hope of extricating themselves from their assigned lot in life. This form of slavery is essential to maintaining some measure of social order, peace, and tranquility for the ruling upper class.”
― Milton William Cooper, Behold a Pale Horse
Since 2008, QE (around the world in debt-based central banks, not just at the NYFed) has enabled the 2008 global banking failures/insiders (the NYFed’s primary dealers) the last 15 years to counterfeit funds in their own favor.
Giving funds to their political and economic cronies, while killing off competition and acquiring assets.
>>507860717>have you even checked the time?you have the power right now to stop all tyranny, use primarily cash and leave your phone at home sometimes
yet you won't even though you can remove their power instantly
convenience/low price/kickbacks slowly becomes asking for permission
A reminder, Federal Reserve Notes are what are being issued to worthless oblivion and
>the US dollar is a fucking UNIT
We need to AGAIN issue debt-free, Treasury-issued US Notes like we did before (and during) the bloodsucking, obsolete Federal Reserve. We need to AGAIN issue debt-free US Notes that are pegged to a basket of commonly-used weighted commodities, distributed by a series of state banks.
We can:
1 nationalize Fed banks
OR
2 dissolve Fed and have a series of state banks
OR
3 issue US Notes simultaneously AGAIN and eventually recycle worthless Federal Reserve Notes out of circulation
OR
4 YOU CAN RIGHT NOW: use cash/barter/stack/use credit unions/use cold wallets, these five things IMMEDIATELY transfer power directly to the people
USE CASH, NO MATTER WHAT COUNTRY YOU ARE IN, cash IMMEDIATELY puts the power in the hands of the people.
Real paper cash:
>is permissionless
>is private
>is anonymous
>has no transaction fees
>works in power outages
>doesn’t need the internet
>don't need to be a coder to use it
>doesn't depend on another party having a device
>everyone knows exactly how much they have
>has no transaction limits or thresholds for reporting
>money laundering is harder with physical cash, due to transport
>is inclusive, it does not see race
>is harder to use in ransoms
>can’t be hacked
>don’t need to remember a password to use it
>IS the ultimate in payment platforms
>using cash helps people to save money and budget
>puts the power directly in the hands of the people
>keeps the currency near the REAL goods and services
>less paperwork
>is face to face, not face to screen
>makes government theft harder
>using cash forces the debt-based Federal Reserve to serve the citizens and not the banks PIC RELATED
Boycott businesses that do not take cash.
NEVER USE YOUR PHONE TO PAY.
Barter is the real torpedo to these fucking clowns.
>>507846908 (OP)If they start using that wealth for political lobbying and government influence instead of using it for their personal lifestyle then yes
The Fed seeks to rob us of the ONE THING we have left, our labor.
>>507846908 (OP)Yes, and fiat currency and usury should be made illegal forever and those guilty of supporting it punished by immediate execution
>>507861573>fiat currency'fiat' isn't the problem
WHO IS ISSUING the 'fiat' IS THE PROBLEM and that the Fed's private fiat IS INTEREST-BEARING is the fucking problem
FIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCE
FIAT, DEBT-BASED, USURIOUS, INTEREST-BEARING FEDERAL RESERVE NOTES ARE FUCKING BORROWED FROM THE PRIVATELY-INCORPORATED NY FEDERAL RESERVE FRANCHISE AND ONLY ENRICH THE NYFED’S PRIMARY DEALERS AND THEIR CRONY/POLITICAL ILK AND ENSLAVE THE POPULATION IN BOND DEBT
Fiat is given value BY A NATION'S CITIZENS.
If the nation's treasury is the one issuing it, fiat is not a problem.
>>507850873Pretty much ever single billionaire is using some "hack" in the system to get unnaturally wealthy. Unless you think these guys are really working 1 million times harder than you?
Just to list a few
Bezos, with Amazon --> Natural monopoly. It's inefficient to set up a duplicate distribution network across the country, just as it's inefficient to set up a duplicate set of water pipes to everyone's house just to provide "competition".
Mike Bloomberg, with the Bloomberg Terminal --> His terminal allowed stock information to be transmitted a second or two faster than his competition. Any trader that didn't sign up to his service would get frontrun in the market, meaning everyone HAD to sign up to compete. But how does any of this relate to the economic efficiency, or innovation? It's just gaming markets.
The Mars Family, with their candy products --> Take advantage of the highly addictive nature of their product to monopolize shelf space and get people hooked. They have profited on addiction, and fattening up America. This doesn't improve the lives of people, rather it's causing deaths.
The Waltons, with Walmart --> These stories have a regional monopoly in large portions of the country. Towns are literally constructed with Walmart in mind, so that all the suburbs will feed into one big-box store. They have international supply chains that smaller stores just don't have access to. In reality this type of vertical-integration should not be allowed. In other words, the company shipping the goods should not be the same company also selling you the goods.
Mark Zuckerberg, with Facebook --> A network monopoly. His service could connect you to more people, so everyone signed up. The actual quality level of the site doesn't matter, the "value" is the number of people you can connect to, so it inevitably balloons into a massive monopoly. Why use a competitor who can't connect you to as many people? A monopoly is inevitable.
The debt-based Federal Reserve (the Fed) and the IRS were both created in 1913.
The new IRS conveniently forced everyone to use their new Federal Reserve Notes to pay their new US Federal Income Tax.
The Fed was supposed to stabilize the US currency by backing every Federal Reserve Note (FRN) issued (TO BUY US TREASURIES) with 40% gold (40 cents of gold for each $1 FRN issued).
In 1933, everyone’s gold was confiscated by the Treasury (except $100 worth/person) b/c the Fed convinced US Pres FDR that Americans were hoarding gold & they were forced to trade their gold in for $20.67/troy oz. Federal Reserve Notes were also now no longer exchangeable for gold.
In 1934 the Gold Reserve Act allowed FDR to establish the gold value of the dollar solely by proclamation & raised the exchange rate to $35/oz troy, extracting wealth & value once again from the American public.
In 1944, the IMF & the International Bank for Reconstruction and Development (IBRD) were formed at the Bretton Woods Conference.
In 1958, Bretton Woods pegs all foreign currencies to the dollar, & the dollar pegged to gold at $35/troy oz. Debt-based Central Banks under the BIS pop up all over the world to facilitate the Fed & the BoE in their check kiting, fractional reserve, debt-based central-banking ponzi.
In 1971, Nixon depegs the dollar to gold entirely, making the US currency free-floating fiat, which completely negated the original Federal Reserve Act of 1913, which was to back each Federal Reserve Note issued with gold.
In 1974, Pres Ford legalizes gold ownership again without limitation & gold is NOW valued at $42/ozt.
The NOW BANKRUPT Federal Reserve & its biggest shareholders, the NYFed’s primary dealers, for the last 50 years & up to today, continue to issue our currency out of thin air, while charging us interest to do so. Rewarding insolvent, failing banks & investment firms using QE and taxpayer money over & over again, acquiring assets during crises, while rigging global markets.
>>507846908 (OP)Normally I'd say his wealth is on paper and cannot be realized easily, but this is not true. Billionaires borrow money using their assets as collateral. So Musk uses his 400 billion in assets to borrow many billions and pays a relatively small interest rate on the loan.
My solution is to end capital gains taxation and raise interest rates. This will greatly reduce market distortions.
>>507861838>bloomberg terminalthe rest of your companies churn out a tangible product or service
>>507846908 (OP)it's not hoarding. His fortunes are caused by the government printing money.
>>507862262>My solution is to end capital gains taxationkek
>>507862422>His fortunes are caused by the government printing money.and this is true too
>>507846908 (OP)I am not going to try to explain wealth to a Brazillian since they are so allergic to it he would probably die. That is just made up fake paper bullshit.
>>507862377>churn out a tangible product or serviceSure, tangible. But that doesn't justify that level of wealth anon.
Executives are overpaid, everyone knows. But their salary is at least a bit competitive. A top executive is paid a few $10's of millions of dollars a year.....but not billions.
So why are these guys worth literal billions? Not just billions, but HUNDREDS of billions?
>>507846908 (OP)most of these billionaires cant make their entire net worth liquid because the moment they do so crashes the market
it would be funny when commies take over and ask where the money is. like teenagers finding out how real world works
but i think elon is running out of scams to prop up his stock.
>>507862630there has to be a limit otherwise it destroys confidence in the currency and introduces volatility swings into markets
someone with that kind of money shouldn't need to borrow and it shows that it all really is smoke and mirror value, used to access funds
elon musk is directly funded by the nyfed, so was trump, so are the others
Trump, Musk, Visa, and the NYFed's largest primary dealers are working toward a tokenized-asset platform out of the new Texas stock exchange. Trump and Musk have been quietly working with some of the NYFed’s primary dealers and other fintech players to cement a new global, digital platform with DIGITAL WALLETS (which inherently require a DIGITAL ID) after the big banks and the SEC, etc just spent four years calling crypto a scam and killing off any undesired blockchain competition.
https://archive.4plebs.org/pol/thread/499902179
^^^^ITT^^^, I outline how this asset-tokenization scheme is designed and its intended consolidation of Federal Reserve Uniparty power behind the scenes out of public view, as Musk and Trump claim the elimination of corruption and fraud, while eliminating any blockchain competition and simultaneously trying to establish a new need for their digital wallets and digital IDs.
As Trump and Musk superficially criticize the poor accounting, waste and fraud in the US government, they conveniently omit that JPM is the account validator for these fraudulent US government contracts/accounts and they ALSO never admit that the BANKRUPT, private 12 Federal Reserve franchises are the US government’s fiscal agents, cutting the 'untraceable' fraudulent checks.
Instead of identifying and rooting out the real financial entities facilitating this waste and fraud, Musk and Trump actively blame the ballooning debt and deficit spending on everything BUT Fed ‘accommodation’ and QE, while they simultaneously aid the 2008 banking failures in their current looting of our US Treasury via IORB and RRP, their further acquisition of tangible assets and their destruction of the value of our labor and national currency.
pic rel
Musk and his MOTHER privately met with Dimon and 200 of JPM's largest investors in Miami on Thurs Feb 6th, days before he began his 'audits' of the US Treasury and USAID revelations.
>>507855873>takeexactly; you faggots are a bunch of grubby thieves and you should be killed
There’s nothing accumulated. Regards think these people are hoarding giant piles of gold. It’s just enterprise value assigned on paper to their various equity shares as decided by a bank.
>>507861264you're on drugs if you think you're stopping anyone with that dumb shit, buy a gun retard.
If a person has no other meaningful assets but owns 51% of a company valued at $1 Trillion, does the government have the right to come in and dilute his shares down to a non controlling margin, effectively removing his company from his control?
>>507863488>It’s just enterprise value assigned on paper to their various equity shares as decided by a bank.kek
>DTCC
lol also a private corporation
>>507863468>implying elon earned his wealth
>>507846908 (OP)Never give the government any more power over you than it already has, even if it's to be used against someone you don't like, because, eventually, it will be wielded against (You).
For example, under the Revenue Act of 1913, the tax rate started at 1% for lower-income earners and increased to 7% for those earning above $500,000 (equivalent to 16 million dollarydoos, today), and now look at it: financial rape of the working class.
>>507846908 (OP)it's called the federal reserve
>>507863602>you'll never stop digital financial nation0-wrecking tyrannyit happens all on its own
i need not do a thing kek
recent example:
Also, Sweden's 7-year, 98.8% cash-free, CBDC pilot just failed
Swedish officials said a sole-CBDC was a national security threat, only enriched the already-rich and cut the vulnerable entirely out of society.
fucking kek
i am just a witness
a chronicler, you might call it
and i really didn't enjoy pic rel enough
i would have had a whole thread on this had we not jumped feet first into clownworld recently
>>507864762wake me up we we get there, for now though nothing ever happens.
>>507865843i think the US is going to just bulldoze right over the Fed, it will go out with a whimper, not a bang
the US is wealthy in spite of the Fed, not b/c of it
the fed is going to go after social security/medicare and that will be the Fed's end, you will never see boomers turn so quickly, like a cornered weasel
in pic rel the banks already suggesting taking soc sec for continuing education loans given to the elderly kek
>fucking ruthlessthe fed makes the cartel look like the girl scouts
i know i'm never going to retire so i don't work saturdays, i take retirement then
>>507866495Another prime example of why to never give the government any authority nor power over you.
You will never win at the game of life if you enter into a binding agreement with an opponent who can change the rules on a whim, and just like with the devil, that contract will be used to enslave and destroy you.
>>507846908 (OP)Billionaires are unexploited resources. They shouldn't run the government. All they'll do is use government to get even more uselessly wealthy. Then they'll take that wealth and sit on it. Painfully, painfully inefficient and wasteful.
>>507867619i agree
time is the most valuable asset
then skills
the more skills you have, the less money you need
laws need to be made by each community, not from the top down and big money seriously interferes with this as well
>>507868416Australia is limiting how much money people can donate for political campaigns. That's a good start.
>>507848898passive income, the greatest jewish trick
>>507846908 (OP)Should it be legal for losers such as yourself to accumulate so much haterade without having to get off your ass and work?
>>507869419i am also seeing people asking questions in my town, getting more involved locally
i see kids are less superficial than expected lately, almost returning to a colonial existence of proud poorness
the youth have negative terms for the rich
>bougie>nepo babiesi know this b/c i have a gigantic family with about 30 nieces and nephews ranging from ten months to 30 years
it is going to be embarrassing to be rich, almost a liability
>>507870875why is it always assumed that people that hate market rigging are poor or uneducated? lol
>>507846908 (OP)>>507847025>>507847161>>507847214>>507847215>>507847258the worlds richest lists do not include royalty. rothschilds are royalty. elon is an employee.
https://www.unz.com/lromanoff/the-richest-man-in-the-world/
>>507846908 (OP)>>507847025Exactly, are you retarded OP? Clearly it's gold coins in a vault.