A schism in the monetary base is coming--are you prepared, user?

Buddy, we haven't had a true free-market capitlist economy for over a century now.

good writeup thank you for posting (not ironic)

Just supporting a well-written thread with a bump.

The problem is people have been so inured by the system that they have become codependent on it. They know nothing else and are uncomfortable with change. Try convincing Boomers to NOT suck Uncle Sam's dick because the government is the "protector" of their precious numbers in their 401(k), even though those numbers are based on fiat and ultimately useless, backed only by oil and the US military. When faith falters enough, that's it, game over for the USD. The problem is, (((they))) have run a propaganda machine so effective that no one wants to break free, despite the whole 2A meme protests and "we're gonna rebel! We really mean it THIS time!" and then no one ever truly does anything besides spouting a few empty words and rhetoric to make themselves feel better.

The bluepill Matrix analogy is absurdly apt; people CHOOSE to be enslaved, choose to be their own jailers. Why? Because of convenience.

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I literally don't give a shit if people who sucked petrodollars dick dry have nothing left to sustain themselves. I DONT FUCKING CARE. Its game over NOW the petrodollar is fucking broken. They brought it upon themselves and their shitty negative interest rate shitcoin isn't going to do fuck all. What I am wondering though is, would gold and silver end up with a negative interest rate in a free market economy? People think interest rates going negative is a central banking thing, but rates have been on the decline since the 1300s. I read about it in wealth of nations (a book from the 1700s)... You see, as capitalism makes things more efficient people have more stock, and when they have more stock the stock is less profitable because there is more competition (declining profits principle), and so people are less likely to go out and get a loan w/ interest because they'll make less profit on the money,... but is there any reason for that to go negative in an ancap society? YOU TELL ME MAN YOU TELL ME.

The revolution is going to be passive, it's not going to be a shitfest in the street even though the state will try to make it be, instead it'll be,
hows about this old silver coin / crypto / ammo for some food?
Sounds good to me

Plz, enlighten me user.

Are you an MMT bootlicker? Do you enjoy getting fucked by the state?

You overestimate how smart the cattle are. Here's what will really happen:

>Normies get fucked by inflation
>corporate media: "it's the fault of the rich"
>politicians: "let's tax the rich!"
>Actual laws: fuck over the upwardly mobile middle class and entrench existing corporate monopolies
>cattle: "thanks for the gibs!"

If people put 100 dollars in their bank account on day 1 and they know its going to be 99 dollars on day 2 and they want to save it, they WILL find somewhere else to put it. Don't be so down on your fellow brothers and sisters.

Ty

Biz has improved a lot since (most) of the shitcoiners have been flushed out so it'd be cool to see more posts talking about macro trends, financial/monetary intersection etc

agreed

your generosity is most obliged on this, the great 4/20 quarantine

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I wish my friend, I wish.

I agree that the petrodollar is on life support, but if the great majority of people refuse to pull the plug and artificially keep it alive, there will be even more consequences.

Decentralized crypto and shiny rocks just might free everybody, which is why everyone needs to inform as many people as possible about why the dollar is failing.

Legit q if you're still around, (and if you're a leftist), what do you believe the #1 driver of income inequality is? If you think capitalism, sure, but what is saying is that real capitalism doesn't exist anymore--it's been replaced by a state-sponsored corporatism.

You'd almost right, you just think the system probably works differently than it does. The corporations enrich themselves on cheap fed credit.

Google the Cantillon effect.

This. The destruction of the middle class just further cements (((their))) control.

You're certainly right that some cattle will take the cud and be fine with it.

The free money will entice them, but my point is that EVERYONE will have that money anyone. Some, will put it in hard assets as their national currencies deteriorate

It doesn't matter if everyone does it. Some will, others won't, but hard money will become increasingly relevant as a means of fighting the inevitable inflation that all of this will cause

We will be in the minority.

The media will teach the cattle to hate anyone who successfully protected their wealth.

Estonia is a test-bed for surveillance government tech, not even kidding. NZ is fine

thanks I did not know that, just seen it on a list of economic freedoms and I like seafood. Australia also feels like a test bed for surveillance government tech.

For sure. The bailouts are already being called an essential act and people are ok with the Fed being a liquidity guarantor

m.youtube.com/watch?v=7nFbKzt-uwE

that's why if this bullshit goes forward any more the only correct move is to leave the country forever if you have money