>>509909188
>>3. To be able to deny you the ability to park fiat currency out of circulation as savings. Which, in turn, requires creation of additional new fiat currency to replace it in circulation.
>that essentially puts the brake on inflation retard, people stop spending
Parking (mostly fictional) fiat currency OUT OF CIRCULATION, as savings IN A BANK, is DEFLATIONARY. Until that money is reintroduced into circulation.
>well that too but there's still crypto
It's not legal tender so you won't be able to buy shit in the real world with it.
>cash is fiat too, has been since quitting the gold standard
1. My point was that we would move to an ALL FICTIONAL fiat currency that doesn't even exist as physical cash and coins.
2. The gold standard was and is a fiat currency as well, you fucking retard. The gold standard DOES NOT PREVENT unbacked claims to fictional gold which doesn't exist in the bank vault or is the property of someone else from being fraudulently issued by banks.
BANKING IS LEGALISED FRAUD. Of course they can issue unbacked claims to fictional gold which doesn't exist in the bank vault or is the property of someone else. It's what banking does and intended and openly meant to do.
Today, the digital money is merely claims to mostly non-existent physical cash in the bank vault.
Back when the gold standard was in place, physical cash was claims to mostly non-existent gold in the bank vault.
>It doesn't sit there forever
While it sits there, it's NOT contributing to inflation.
>or when people only start saving and not spending the economy crashes
The economy would crash instantly at any time if the geometric growth of the supply of currency slowed.
>usually before that prices go down and profit vanishes, business go bankrupt etc..
Yes, capitalism cannot afford to purchase its own output/production for a price which makes it financially profitable to have produced it. Unless the money for the profits is continuously created and injected into circulation.

>>509213284
>full 1933 or the brazilification of the entire continent leading to a cyberpunk dystopia of corpo-slavery
The jewropean jewnion is hopelessly reliant on imports for real goods and commodities and fertilisers and energy and the net exporters of the world selling to the jewropean jewnion won't accept jewropean jewnion fiat currency not backed by jewropean jewnion exports forever.
Eventually, almost everyone's wages will be completely worthless or the jews will do a reset with cancellation of the fictional fiat currency from people and businesses' bank accounts, like they did with Cyprus and Greece.
If they refuse to do a bank "failure" and "bail-in", then the jewropean jewnion fiat currencies will hyperinflate and the black market will explode for those with actual valuables to pay with and people will start looking for tangible valuables with which to pay for stuff on the black market. Because the state imposed and approved fiat currency will buy absolutely fucking nothing except a few pounds of cricket flour a week.
The jewropean jewnion and the amerijews are looking to impose massive sanctions on anyone buying Russian exports (oil, gas, grain, fertilizer). This will force the fence sitters like India, China and others to finally give up on the USD. And possibly give up on capitalism. Which will cause a dump and collapse of the value of the USD.
The EU wants to impose similar sanctions but holdouts reliant on Russian gas are refusing to coom-ply. But if they coom-ply, the EU dissolves within 2 years maximum.
Note that we live in a moral universe, even if immorality and unethical behaviour is allowed (necessary for free willed players who willingly came to the simulation to have freedom of choices and behaviour). And while immorality and unethical can seem to prosper in the short and medium term, consequences of one's actions are always visited upon them. Invest according to your moral and ethical values and you'll probably prosper in the long term.