Thread 513095845

Why did the Nazis and why does so much of the modern right wing still go along with fiat currency? It’s paper backed by nothing, printed endlessly by the people at the top while the rest of us watch our savings rot away. The whole debt system is a scam, the loans will never be paid, and the elites just roll it over forever. Disney can sit on forty billion in debt and no one blinks. The entire setup is rigged from the start.

>>513095845 (OP)
Do you carry gold to buy food?

>>513095845 (OP)
Fuck Timmy gon' do

>>513095845 (OP)
capitalism is a swindle, kid.

>>513095845 (OP)
>Why did the Nazis and why does so much of the modern right wing still go along with fiat currency?
What do you mean? Nazi Germany didn't have fiat, it was connected to labour.

>>513095845 (OP)
Fiat is not the problem. Debt free currency issued by the government as needed to prevent deflation is fine. The problem is Jewish debt based currency.

>>513095845 (OP)
deflation is bad because housing loans and banks.
>just dun use banks and rent!
you mean like a hobo?

anyways low inflation good, but every politician but Trump screwed it up.

>>513096704
>Nazi Germany didn't have fiat, it was connected to labour.
Its fiat because its based on trusting a promise of value instead of actually being the value directly like a gold coin. Some bank note saying "this is worth 1 hour of grunt labor" isnt honored if the state defaults on the promise.

>>513095845 (OP)
fascism is the way

>>513095845 (OP)
Germany was scammed out of their gold reserves by the americans during WWI, they couldn't possibly go back to the gold standard, that's the very reason why the Weimar Republic was financially utter and completely fucked. In order to go around the problem, Nazi Germany issued what essentially is fiat money, but it was based on labour instead of debt, so it couldn't be printed endlessly and therefore couldn't be used to scam people: either work was done or it wasn't. This model was way more of a menace to central banking than the gold standard, countries such as Mexico, Finland and Romania were already willing to introduce it in some way by the '40s, and that's probably the major reason why England and the US were so hell-bent to start WWII and put an end to Nazi Germany, no matter the cost. The kikes in charge of the economy would have been ruined had nations of the world decided to adopt this system en masse, and extremely popular nazi revolutions all over the planet would have happened as soon as a good chunk of nations were independent from the debt-based economy, and therefore not forced to trade with golem nations. Commies too were desperate to stop this, as it would have made them utterly and completely irrelevant and totally unmasked them as usurpers that didn't give a rat's ass about workers, and that's why Stalin began preparations to break the Molotov-Ribbentropp treaty and invade Germany, only to be BTFO by the nazis as they realized this and steamrolled USSR-occupied Poland before they were ready. Conveniently, the hated capitalists immediately bailed them out and gave them ten times the war material Germany destroyed/requisitioned. God, how much do I fucking hate commies, their plot armor puts the Joker to shame.

>>513095845 (OP)
>Backed by nothing
Backed by the threat of military force if you're thinking about not accepting it as legal tender.

90% silver coins are not nothing.

>>513095845 (OP)
>It’s paper backed by nothing,
>you should use this memecoin
>also backed by nothing
>but you can't hold it, just imagine it
>but its not controlled by the jew
>i know this cos a read a web article about it
>also buy more memecoins because i did
>and when I'm a billionaire and own everything you'll be really sorry.

>>513095845 (OP)
Fiat's pretty big. They own Alfa Romeo, Ferrari, Maserati, Jeep, Chrysler, Ram, Peugeot, Lancia... Although now they're called Stellantis. The Germans and the Japanese didn't do some weird merger thing, I'd stick with them. Ford too is still independent.

>>513095845 (OP)
Watch Bill Still's documentaries
https://www.youtube.com/watch?v=2VauMFaHJT0
https://www.youtube.com/watch?v=mDlnM481Gcg
Fiat money is not the problem
Money printing is not the problem
controlled inflation is not the problem
Banker control of the money supply is the problem
Debt based money is the problem
limiting the money supply by making it gold backed would hurt the lower and middle classes
controlling the money supply is how banks gain power.

>>513096847
All fiat is debt. Fiat is a financial asset whose value stems only from the military prowess of the state, which is able to fuck you up if you don't pay taxes using that currency, and for that reason you start to deem that currency valuable. Financial assets are those which are the debt of someone else, and in the case of fiat currencies, the debtor is the state. Proof of that is that the state can impose on you debt (unpaid taxes are a debt you have with the state) and then you can cancel your debt by giving back the debt the state has with you (fiat currency units).

>>513099687
>the debtor is the state
if the state issues currency itself and spends it who are they in debt to?

>>513096847
>Debt free currency issued by the government
Greenbacks were debt free currency issued by the government. Until the Congress changed the law to make them redeemable in coin at par. Basically greenback values doubled overnight. And most were held by foreign (European) governments. Fiat is fiat is fiat.

>>513099600
Again, all fiat is debt. Money printing is debt issued by someone who prints. Fiat money is the same as government bonds but without declared interest rates.

Read >>513099687

>Banker control of the money supply is the problem

That's absolutely not the problem. The problem is that money supply is centralised. The centralization is worse the more political the central bank becomes (Argentina's central bank is highly political and it did a whole mess), but it's always a problem regardless of how technical and apolitical the central bankers are.

Interest rates are the most important prices in the economy because they are the price of time and investment, which affect all industries, yet we control them centrally as if we weren't aware that price controls are harmful and impoverish all the population.

Controlled interest rates make the economic cycle much worse becaue of that. Central banks decide when we should grow and invest and when we should restrain inflation. For example, artificially low interest rates (something which Trump is very fond of) distort the signals in the market telling us whether or not we should invest, as the price of bank loans becomes too low and that makes us believe that shitty investments are not that bad, because apparently is not that risky. But when too many people think like that, the economy ends up full of unsound investments, and the sudden realization of that fact provokes massive withdrawal and crisis, like what happened in 2008.

>>513097086
>inflation
They have destroyed the language and convinced you that rising prices is inflation. In fact, inflation is the policy of money/currency expansion. Inflation causes prices to rise. Not understanding this simple fact prevents you from understanding who is destroying your wealth.

>>513099933
With the people owning the currency units after they spend them. When a governments issues gold coins, people value them not only because they will be able to pay taxes with them, but also because they are made of gold, and gold has historically been a conventionally valued asset because of its physical properties. With fiat, as you take out gold of the equation (or any other real asset), the only thing left is a promise declared by the state that you'll be able to pay taxes with that, and a promise is always some kind of debt.

>>513101095
In no shape is that what anybody refers to when they say "debt based money"
What problem would there be with what you're describing?

>>513103927
Explain what is debt based money to you then. For me debt being involved in money is not a problem per se, it becomes a problem when it has no grip to any real asset like gold, because it bestows the state too much power, and that's what happens with fiat currencies nowadays.

>>513100322
>That's absolutely not the problem
yet
>The problem is that money supply is centralised
why?
>The centralization is worse the more political the central bank becomes
you don't need a central bank if the government spends money without borrowing
>Interest rates are the most important prices in the economy because they are the price of time and investment, which affect all industries, yet we control them centrally
no the central bank control them.
>Controlled interest rates make the economic cycle much worse becaue of that. Central banks decide when we should grow and invest and when we should restrain inflation
because they rather than the government control the money supply and because they can make money sparse.
>the fed makes boom bust cycles worse
yeah i agree which is why they shouldn't control the money supply

>>513095845 (OP)
Fiat isn't a problem without fractional reserve banking and usury.

>>513104398
>Explain what is debt based money to you then
The bank creates money by loaning it out
The money is created based on debt
When they government spends money it's based on Treasury bonds
As opposed to just printing it and spending it directly like the US government did with Greenbacks during the Civil War
No one would call Greenbacks debt based money

>>513099208
Kek!
Auto parts as currncy

All currency is fiat

>>513100354
>They have destroyed the language
Not true. The language, that is the lexicon from English has been appropriated by academics to create phrasal nouns which adopt their academic definitions. The word inflation is the past particle noun of the verb to inflate, meaning to expand in size. For example
I inflate the balloon (present)
The mutts ego is inflated (past)
As we feed the negros, we anticipate population inflation (continuous)

The term monetary inflation is an academic term and the effects can be debated. The term price inflation is indeed a symptom of monetary inflation, which itself can be caused by printing additional currency or quantitative easing as the jew likes to euphemistically call it.
But price inflation can be caused by many othet factors, such as demand, costs and of course good ole greed.

>inflation causes prises to rise
While im not debating this, i do believe that one of the motivations to maintain a rate of positive inflation is simply to prevent wealth accumulations from setting the goyim free from the system of usury and greed.

Not having a go, just sayin.

>>513104749
>>513104439

>you don't need a central bank if the government spends money without borrowing

The government would become a de facto central bank if they print money and spent it directly. The very fact of printing money and introducing it to the economy, whether it is through loans to private banks or direct expenditure, is debt. I insist, the value of fiat currency is based on the promise that you will be able to pay taxes with it, and taxes are a debt imposed to us, so the debt the state has with us (the fiat currency we own) and the debt we have with the state (the taxes) cancel out. If I owe you 5 dollars and then I give to you a drink 5 dollars worth, you owe me 5 dollars as well and the debts cancel out altogether, and that's what happens when you pay your taxes with fiat currency.

Another point to illustrate how fiat itself is debt: If the state suddenly didn't accept your payments with fiat currency to pay your taxes and requested gold or a fiat currency from another country, it would be like a default by the state (they have not met the requirements of the promise they made), and when a debtor incurs in non-payment, the value of his debt plummets, so, in this case, the value of the fiat currency would plummet.

So it does not matter whether the state loans money to banks or spends it, fiat currency is debt itself. But spending it directly is a worse way to introduce money in the economy because the state is generally not good at judging which products and services are better relative to their prices. The decentralised decisions of millions of people are better at that decision making, so, given that centralised money printing exists, the lesser evil is to introduce it by loaning it so that people can decide where to spend it.

>>513106534
You can't tell me these bankers understood the fruits of their policies. None of them would rather live in modern London, NYC, Chicago, etc than 1920s London, NYC, Chicago etc.

Fiat currency is one thing. Rule by fiat - government decree. The government declares that this piece of paper has value. That's fine. The problem is the continuous inflation in the amount of currency. So basically no one can save money because money is continuously becoming more plentiful and therefore becoming less demanded.

Short sighted politicians can short term buy voters by showering them in money. Especially the poor stupid voters that don't save money to begin with.

But back to the outset. This produces a ghetto. No one saves, poor people multiply, a culture where no one cares about saving up money takes over. Who cares about saving money? The government will just bail us out anyway. This rewards the worst people and punishes the best. People who blow through all their earnings on immediate gratification get bailed out by the government. People who would save up money to invest in something big and long term - like a farm or a factory? Their savings are constantly losing value.

Long term result: ghetto, unproductive, deindustrialized society, full of crime and rebellion. Not exactly what those genius bankers would want, I would think. And probably pretty easy for an actually competent industrialized society to conquer.

We keep acting like all these systems that are destroying us were designed to do so on purpose. Even though they are centuries old. Maybe the designers didn't realize what the long term consequences would be.

>>513097233
Gold-backed currency under fractional reserve banking is largely irrelevant. Banks lend far more than they actually hold in gold, so the gold backing becomes mostly symbolic. This system creates boom-bust cycles and deflation whenever the demand for loans exceeds the available gold reserves. Gold and silver coins had practical problems as well—they could be clipped, counterfeited, or impure, making everyday commerce unreliable.

Fiat currency under full-reserve banking avoids these problems. Every unit of money is fully backed by actual deposits, so banks cannot lend more than they have. Credit expansion is limited to real deposits, preventing artificial inflation from over-lending. This makes the system far more stable than gold under fractional reserves.

Historically, 19th century UK and US banking under the gold standard with fractional reserves experienced repeated credit crises and deflation. During the Great Depression, countries tied to gold suffered harsher deflation, while countries with fully backed or more flexible money systems recovered faster.

TLDR; JEWISH BANKING IS THE ISSUE & JEWS WILL COUNTERFEIT AND CLIP YOUR COINS

>>513107214
>If I owe you 5 dollars and then I give to you a drink 5 dollars worth, you owe me 5 dollars as well and the debts cancel out altogether, and that's what happens when you pay your taxes with fiat currency.
the amount of taxes you owe has no relation to the amount you might get paid by the government. the fact that you can pay taxes with the money created demand for that money
it doesn't mean the government issues a debt when it creates this money.
I could owe 0 in taxes and still get paid money by the government fx the government might pay me a tax free pension
also a government that can enforce taxes can also enforce legal tender
btw technically if the government prints and spends money it could theoretically also not charge any taxes. The money would still have value if it was legal tender. Also fx when a court tells person A to pay person B they do so in the countries currency.
So no it's not debt based when a government prints money
Debt based money is when fx according to the Bank of England that 97% of all money in circulation in the UK was issued from bank loans
the money was created when debt was created
In this case the banks control the money supply

>>513095845 (OP)
>yfw Russian prostitutes in the 90s were more modest than the average Western woman today