>>60691240
>See point above, you’re correct that money has moved from being physical, money is predicated upon trust because we’ve reduced it further from the days where you “trusted” the purity of coins based on their stamp.
How does this jewish pilpul change the fact that banking is legalised fraud again?
>This is because we are moving/have moved towards 1. A digital world where money need not physically exist
Money has not physically existed ever since electronic money transfers and electronic credit issuance has been a thing.
Still does not change the fact that banking is legalised fraud and capitalism is a scam.
>and 2. A corporate world where decentralized corporate entities need to be able to issue their own currency.
Sorry, who decided the scammers need to be able to scam? And why should I care what scam the scammers decided they need to perform?
This is all very confusing, kike. I can't follow your jewish pilpul at all.
>That currency is credit,
Again, how does this change the fact that banking is legalised fraud?
Oh right, it doesn't.
>a companies ability to pay back any given currency can be sometimes stronger than the currency itself is what the modern financialized economy has told us for the past 30 years.
Jewish pilpul. No one cares. Banking is still fraud. Capitalism is still a scam.

>>511127779
>Russians even won the WW2 despite the communism
Another one who bought into the jewish cargo cult of capitalism.
>Muh (mostly fictional) fiat currency is wealth.
>Muh inflation is wealth creation.
>Muh shuffling (mostly fictional) fiat currency around is muh economy.
>The more I pay for stuff, the richer it must mean I am.
>Deindustrialisation is le good.

>>510935252

>>510810085
>still waiting for anyone to introduce a gold-backed currency
Heh. He thinks I'm a goldbug. He hinks I bought into the jewish, counterfeit and homosexual controlled alternative of a "gold backed" fiat currency.
Neah, meinnigger. I want to do away with money altogether, let alone banking or capitalism.
>stop listening to libertarian know-it-all retards
He thinks I listen to lolbertarian or am a right winger.
Hilarious.

>>510534746
>Now you have fortified Democracy thanks to the Saxon Burgomeister.
I have no idea what this means. But I now that banking is legalised fraud and capitalism is a jewish scam.

>>510223011
>You're creating definitions out of thin air.
No I'm not. I'm just stating observations.
>Fiat based fractional reserve banking does loan money into existence.
1. All banking is fractional reserve. Until it's zero reserve.
2. All banking creates additional fictional amounts of some underlying asset. Which is usually legal tender at the time.
3. I specifically used the locution: legal tender.
Do you know what that is?
>This is a characteristic of a debt based fiat system, not an essential characteristic of banking.
Oh noes. The leaf goldbug is one of those too. One of those who don't think banking is inherently fraudulent.
Sad. Many such cases.
>Under a commodity money system, you could have a bank with a 100% reserve policy.
1. That's no longer a bank.
2. They'll always soon cheat and reduce the actual reserve even if they keep claiming 100% reserves for a while. Every single fucking time this will happen.
>Interest could be paid for term deposits.
Heh. The funds for the interest to be paid to depositors comes from legal tender creation. Which is done through the fraud of fractional reserve banking.
>Cash deposits (immediately redeemable anytime) may charge a small fee.
Living in a fantasy world in your head again?
>Such a bank
Would not be a bank.
>would not be loaning any new money into existence.
Only if it never lent depositors' money. At all. Or, if it did, depositors' money would be unavailable to them until paid back to the bank by the borrower(s) who were lent the money from their deposits.
>There is a new bank opening up that is based on precious metals. You store your PMs at the bank and get a good rate of interest on your savings,
This is how the jews get you to buy into, support and enable their scams and parasitism. By offering to cut you in.
Thanks but I'd rather keep my physical silver in personal posession.
>or alternately, use your metal deposits to secure an ultra low interest line of credit.
Neah, thanks. I'm self funded and 0 debt.

>>509907679
>Debt = money, retard. That means russia is fucking poor.
This fucking retard over here (flag checks out) thinks (mostly fictional) fiat currency is wealth. No, it's just claims on wealth, you dumb shit.

There are anons posting in /chug/ who sincerely and unironically believe a gold standard isn't a fiat currency and prevents banks fraudulently issuing paper claims to /receipts for non-existent gold in their vaults or gold actually already owned by someone else. How? Magic. Why? Reasons.
LMFAO.

>>509802536
>Really, truely the dollar is a store of wealth. The Dollar, The Euro and the Yuan are stores of wealth
Muh (mostly fictional fiat currency) is wealth!
>You trade in them to figure out how much you really own
The more you pay for something, the richer it must mean you are.
>They are so stable
The brazenness of this lie.
>and the numerical value is so low
Immediately outdone by the very next one.
>that you get an easier to calculate total out of them
The USD M3 money supply is no longer disclosed by the FED since 2006.
>Then you have second and third tier currencies. This is where you make real money. If a Peruvian Peso is worth .00001 of a dollar then if it goes up to .00002 you double your investment for every dollar you put in. If you bought 1000 dollars worth of Peruvian Pesos and it goes up in value to .00002 the. You make 2000 easy over night
Muh inflation is wealth creation.
>This is why for example the Yen is so inflated.
The Yen is inflated because capitalism is a for-financial-profit economy operated economic model. And this is literally mathematically impossible without continuous and accelerating creation of legal tender. Because the money for business and corporate financial profits literally does not exist if it's not created continuously, all the time. Which itself is impossible without making fiat currency and even fictional fiat currency legal tender. So capitalism runs on ever accelerating creation of (mostly fictional) fiat currency. This is why there is inflation. This is why all countries expand their M3 money supplies geometrically perpetually or at least try to do so.
>Japan is basically a first tier currency country with a 3rd tier currency. They do it to stimulate foreign investment.
They do it to have competitive exports and make imports prohibitively expensive to protect domestic producers, you idiot.
>Only a fool does business in Japan and doesn’t stack a ludicrous amount of Yen.
Muh (mostly fictional) fiat currency is wealth.

>>509200349
Anyone who complains about central bank (so not all of banking or not about non-central banks as well) is shilling a fake and gay controlled opposition.
All banking is fraud, NOT JUST CENTRAL BANKING.
All banking would be outlawed if laws meant anything.
Also, if laws meant anything, there would be NO OTHER TAX THAN INCOME TAX.
Because all taxes are paid from past and present income so any tax AFTER income tax is DOUBLE TAXATION.
Also, PROPERTY TAXES ARE THEFT.

>>508832808
Ooooh! We discussing capitalism again?