>>513743664
>Also imaginary money transacted per year
Yes, my disciple, yes. In you I am well pleased.

>>513703960
B-b-but muh deegeets on da screen!

>>513462510
Capitalism is globalist by nature and necessity.

>>513234589
I don't read. I think.
>>513230963
>Financial profits don't come from money printing.
No, because most money today isn't physically printed. It's just digits in a computer.
But when I say "money printing" I actually mean creation of more/new fiat currency, regardless of its form. Most fiat currency today does not materially exist. It's just numbers on digital ledgers. However, despite that, it's spendable. So, functionally, it has the same consequences and effects on the economy as if it were physically printed.
But yes, financial profits most definitely do come from money/legal tender/fiat currency/fictional fiat currency creation. As well as from cutting (production) costs, such as by reducing quality, reducing serving size (quantity), moving to automation or moving production abroad to get it away from the glut of domestic digital fiat currency and the inflationary effect it has on production costs.
>Perhaps you're confusing this with The Cantillion Effect?
No I'm not. How could you even think that I do?
>Capitalism can exist without fiat currency though.
It's not capitalism without fiat currency. Maybe you don't realise just how many forms fiat currency can and does take and how varied they are.
>a gold backed currency
Gold backed currency is still fiat currency, lmfao. The gold backing doesn't prevent banks from issuing more, new "gold backed" currency than there is actual physical gold in bank vaults to "back" it. Which is exactly what happened and will happen to every single "gold backed" currency. Which is just a fledgling new fiat currency in a thin veneer of non-fiat to fool the masses of ignorant fools.
>Surplus doesn't require conquering people, it could simply be overproduction.
It's not surplus or overproduction. It's capitalism's inability to afford to purchase its own output for a price which is financially profitable to have created it without creating new money to enable the financial profits to be mathematically possible.

>>512874988
Really? I always thought emitting & actually selling bonds is the only way they can make new dollaridoos, apart from private banks giving credit
Why don't they do it then?

>>512704434
Muh one time use, finite, scarce, valuable, irreplaceable (mostly fictional) monetary units!
Muh debt to banks to pay back the (mostly fictional) monetary units they pretend to lend their borrowers!
Muh interest rate on this debt to pay (mostly fictional) monetary units back to the banks that issued them ex nihilo.
Muh thirdies with their hick bumfuck economies which actually make real things in the real world, instead of simply only issuing (mostly fictional) monetary units and moving them around. Now that's peak capitalist efficiency!

>>512549510
>Why are you so emotionally invested in preserving a rationing system?
It has not escaped me that you haven't answered this question.
>Can't refute the fact that currency has predated pedokikes for millennia
As a proof of work mechanism. Not as a rationing system or the ex nihilo creation of which as the sole goal of all economic activity.
>noooooop! it's a systematic raycism!
Why are you pretending like I'm antiracist? You're the one who brought race into the discussion. I'm racist as fuck.
>Retard if you can't address the fact that the idea arose out of necessity
So? Draft horses used to be a necessity as well. Sails on vessels used to be a necessity as well. Carrier pigeons used to be a necessity as well.
>then how can you defeat the situation from manifesting the idea for infinity?
I don't need or have to do anything. You worshippers of the golden calf will be trampled under hoof by your very own idol and object of worship. I'm just here to warn you and point out to you that you're imbeciles.
>literally, kill yourself with complete prejudice,
No. Maybe if you offer to pay me some (mostly fictional) fiat currency? Maybe that will work?
>kike.
Hurr durr, if you shit on money, banks or capitalism, you must be a kike, durr hurr.
Profound mental retardation.
Ge trampled by your gold calf idol abomination.

>>512304141
>TARIFFS ARE COMING
It' going to be hilarious when retired americunts scramble to leave the US to escape the runaway inflation there. Will free up more real estate for Blackrock to acquire using mostly fictional fiat currency which they can just type up on a keyboard.
Cargocultists will get what they deserve and keep asking for.

>>512287019
>marx is the first person to understand and explain how capitalism destroys countries
Capitalism is an anti-economic anti-system of fiction, fraud and parasitism. A jewish cargocult weaponised against Civilisation and Humanity.

>>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.

>>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?