Stop talking about landlord bullshit you retards Look at the big picture and why this system is garbage
Most of the money circulating in the economy is not real, it's backed up by nothing, so when a crisis hit there's massive deflation as that money "disappears". When a bank lends you $1,000, he's not taking someone else's $1,000 savings and lending it to you with interest, he MAKING UP $900 OUT OF THIN AIR. They take the $1,000 savings from one person and give out 10 (ten) $1,000 loans. It's straight-up fraud. But it's perfectly legal today. When the economy is growing ad infinitum it works, but when a crisis hits loans aren't paid the money simply disappears.
We need full-reserve banking NOW. This is something all capitalists, fascists, communists, social-democrats should agree on.
It HAS been ended. Didn't you hear that that there's no longer a reserve requirement? The only fraction you need is 0÷100 (0%). Problem solved!!
Nathaniel Scott
>We need full-reserve banking NOW. This is something all capitalists, fascists, communists, social-democrats should agree on.
wtf I love fractional-reserve banking now.
William Hill
Bump
They want us fighting about anything but the banking system. It’s why they started race and gender baiting after Occupy Wall St.
Gabriel Bennett
Abolish interest, Labor > Capital. That's what Hitler did anyway
Easton Campbell
There is one bit of advice given to us by the ancient heathen Greeks, and by the Jews in the Old Testament, and by the great Christian teachers of the Middle Ages, which the modern economic system has completely disobeyed. All these people told us not to lend money at interest: and lending money at interest — what we call investment — is the basis of our whole system. Now it may not absolutely follow that we are wrong. Some people say that when Moses and Aristotle and the Christians agreed in forbidding interest (or “usury” as they called it), they could not foresee the joint stock company, and were only dunking of the private moneylender, and that, therefore, we need not bother about what they said.
That is a question I cannot decide on. I am not an economist and I simply do not know whether the investment system is responsible for the state we are in or not. This is where we want the Christian economist. But I should not have been honest if I had not told you that three great civilizations had agreed (or so it seems at first sight) in condemning the very thing on which we have based our whole life.
C. S. Lewis – Mere Christianity
Brandon Parker
Even without fractional reserve banking--so long as the FED is in place and control our money supply we're fucked. >Can only get money from the FED >That money has interest attached to it >Only way to pay interest is to get more money from the FED which also has interest Doesn't take a genius to see we're getting fleeced.
no he didn't. loans still required a price be paid for the loan, totaling more than the principal amount by the time of maturity. that's interest. they calculated it with fixed costs, which essentially turns it into a bond with a coupon rate. by simply not saying what the coupon rate was, mouth-breathing retards like you pretend it isn't an interest rate, because it didn't float.
further, he ran the printing presses like crazy. they started over with a new mark, but they didn't change anything at all about the fundamental structure. the main difference was they weren't spending as much on welfare as the weimar "republic" did, they spent it on conquest. had they never gotten into a war though they would have simply hyperinflated away the new mark, too. there was no economic miracle.
Oliver Sullivan
>When the economy is growing ad infinitum it works no it doesn't. it CREATES the crisis because everyone is forced to be party to the one central bank that does it. full reserve isn't the solution, either: the government will still debt-spend into infinity and trigger crises on its own.
only total privatization can solve the banking problem. banks have to be allowed to choose their own prime interest rate. they have to be allowed to issue their own notes, and decide what reserve level to keep. bank depositors need to read the prospectus for the banks they choose to be party to. and when it blows up in any of their faces, those banks have to be allowed to fail.
at least you're beginning to see.
Sebastian King
this is "being your own bank." it's good.
but it won't create an economic engine the size of the united states, ever. co-ops would still start to appear, and then warehousing, and then commodity banks, and then full investment banks. it's a waste of time to "do it over from scratch." all we really have to do is dial back the laws to andrew jackson's time and keep the banks split apart. people will wisely keep much of their savings in gold, but they will also wisely deposit the rest with a successful and trustworthy bank so that there can be food on the table.
Owen Nguyen
p.s.: always immediately discount anyone claiming "usury" is the problem as a d/c kike. you will go nowhere in life with that retard commie bullshit.
Levi Sanders
Jesus was a problem? No wonder (((they))) killed him.
This. The thing that scares the jew the most is brothers from all races coming together. We aren't white and we aren't black WE'RE AMERICIAN
Brandon Reed
the FED has been creating money out of thing air for 50 years now and giving it to the rich literally for free while you have to work your ass to get every penny of it
That's how the game works retard, you only need to get rich to get more for free
Jason Ortiz
Also: for every dollar created interest is created, that is impossible to pay off because there is more money + debt than money. If the velocity of money slows down it becomes difficult to pay interest and the whole system folds
Alexander Lee
Hitler nationalised the bank on Jan 18th 1939. By creating Sovereign money he sealed his fate. Hitler's ideas were exclusively the domain of Gottfried Feder's theory which were similar to Irving Fishers both of which were correct. Yas Forums is mostly economically illiterate.
Kayden Williams
>they would have simply hyperinflated away the new mark, too. there was no economic miracle.
t. never read economic history
Xavier Martinez
Listen up, hue bro. I appreciate your wide-eyed teenage optimism, but nothing but an absolute worldwide economic collapse, likely brought on by a natural disaster orders of magnitude worse than Corona-chan, will ever stop central banking. "Audit the Fed" is a meme to raise awareness in braindead goyim debtpigs that the Federal Reserve even exists, because 80% of people have no idea it does. If you actually audited the Fed, guess what would happen? The leader of the audit would be handpicked by the system and discover all is well, with a few inconsequential oversights that could be done better. Nothing would change.
Do you know what happens to people who reject the international debt-ring calling itself central banking? Look at Nazi Germany, Afghanistan, Iraq, Iran, North Korea, and Venezuela. Stop being a child and accept the hell that we have inherited.
Connor Cruz
If only the niggers could comprehend..
Ryan Rivera
LISTEN HERE YOU LITTLE SPOILED BRAT MY GENERATION DIDN'T FIGHT ALONG SIDE THESE GREAT PEOPLE OF COLOR FOR THEIR RIGHTS FOR SOME LITTLE SHIT LIKE YOU TO BE RACIST. I GUARANTEE EVERY MAN OF COLOR I'VE MET IS TWICE THE MAN YOU ARE!
Yep you can tell from this chart how the world went to shit when gen x and millenials got involved. WE TRIED TO SAVE THE ECONOMY BUT EVEN WE COULDN'T SAVE IT FROM YOU SPOILED BRATS!
Money is backed by an economy, and trading goods. Money is only a form of bartering, the middle man.
So no, its ot worthless, unless you tank an entire economy, look at cuba. Its money is worthless outside its borders because barely anyone trades with them. They have minimal capital.
Jaxson Wright
nah money is stupid we should go back to bartering! Imagine being able to trade a few chickens for a new mustang GT!
Hudson Moore
actually trump removed the fractional requirement a month ago....now banks are completely fake entities
Carter Cruz
Banking needs to come down as the result of this Corona lockdown. Stimulus packages are the best incentive to push to information.
Is it worth pushing this stuff to normies through Twitter and the likes?
Blake Kelly
>We need full-reserve banking NOW.
We need that. Someway to stop the bank from screwing everything up, I just know bank and made up money is the reason real estate is inflated in Toronto in addition to foreign money.
Grayson Cooper
Make a really basic meme to convey this and it might help.
Wyatt Long
fractional reserve banking created the modern world, i think you're way out of line.
if we still used gold for commerce we would be somewhere in the bronze age.
Gabriel Brown
I love Aussie cock, please put it in my bum. Yum yum
Evan Lewis
>trump removed the fractional requirement
god help us
Brayden Powell
The elites continue to bail themselves out and increase the imaginary numbers in computer databases that represent their assets. They use this valueless currency backed by debt to acquire true, physical assets. The only reason why the US dollar has any value is because people continue to believe the farce that there is some value to this currency rather than waking up to the fact that there is no value here. It is backed by debt to a private institution that can never be repaid. How interesting would it be if one day everyone woke up and realized that this green piece of paper or the numbers in a bank database have no value as they are not real, tangible assets. This. It is forced economic oppression. Nobody needs a mustang GT. This is your brain on consumerism. >tromsite.com/ >This is a Trade-Free post.
Mock reserve banks with 0% interest could do the same thing. Public and financial people might be wary if suddenly governments started issuing currencies.
Levi Price
NOBODY NEEDS A WHINY LIL FAGGOT EITHER YET HERE YOU ARE!
lmao you make it seem like having money backed by something will change it at all, the fact is: hell no moneys just a tool you use in exchange for goods and services, it could be backed by gold, diamonds, silver, tampons, doesn’t fucking matter...
Asher Brooks
I love you for this image XD
Owen Cox
>Most of the money circulating in the economy is not real, it's backed up by nothing Retard even if there's a note on the money saying it's worth gold you still don't have access to that gold stop peddling your jewish propaganda idiot there's only one thing wrong with the fractional banking system IT'S PRIVATE AND FOR PROFIT IT SHOULD BE PUBLIC FUCK AWAY DISGUSTING KIKE
Ian Garcia
This is a retarded opinion. World economy is all linked to one bank, and that bank is a private corporation.
Jaxson Bailey
>marry and reproduce
nani?? but I thought the aliens weren't based??
Nathan Russell
hes right though- they were shoving everything into warfare industry, it was unsustainable
Joshua Peterson
>write a bad check on Monday hoping you don't cash it until Friday >this is considered fraud >bank simply writes an amount into the checking account hoping everyone doesn't cash out their deposits >this considered legal and necessary Suppose Joe opens and then deposits $100 into a savings account in Bank A. Bank A then lends out $50 with a checking account to Gary via FRB. Gary pays the $50 with a check to Joe. Joe returns to Bank A to cash the $50 check and withdraw $60 out of his savings. That's $110 Joe supposedly owns free and clear but the bank doesn't have it. How people do not recognize FRB for the sham it is, I don't know. Simply decreeing ownership to property without actual corresponding property just seems obviously absurd. Maybe this will make it clearer if gold was money, then FRB would result in more claims to gold than actual physical gold that is ownable. If I can't just declare I have X oz of gold by simply writing it down or entering it into a balance sheet, then why can banks? How is it any less fraudulent if the bank cooks the books instead of me just writing a bad check?
>This is something all .... communists, social-democrats should agree on No, because financial matters are set dressing. They're part of the superstructure built on top of the actual foundations of the economy. What matters is not the type of currency people use or whatever dumb rule you impose on capital's bookkeeping. What matters is the actual physical goods that people consume, the food they eat, the water they drink, the place where they sleep, and how is it all being made.
TERMINATE THE IMF & THE WORLD BANK NATIONALISE ALL BANKS BAN USURY DELETE ALL WORLD DEBT
Jackson Cooper
btw, you do know WHY central banks keep inflating the money supply, right?
It's because of the tendency of the profits to fall. It's basic math classical economists like Adam Smith and Marx predicted 200 motherfucking years ago. The richer a society is, the lower profits are, until eventually at some point, profits go negative, and capitalism goes into a permanent depression.
The last 40-some years of economic history (and really, since the 1940's) is the state resorting to increasingly desperate means to keep pretending profitability isn't negative.
profits converge to zero long-term, not negative (unprofitable companies should go bankrupt, end of)
Blake Brooks
the inflate it because the keynesian economics model is to grow infinitely.... they pump it full until money isn worth shit then they burst the bubble and contract the money supply living the working class and the poor even poorer while buying everything that's what is happening since 150+ years. It's how they enslave nation.
Julian Smith
Banks could have a savings account that's full reserve, then a riskier savings account that accrues interest but is fractional reserve. It's not that hard to have a banking system without fraud built in.
Colton Cox
If the cash isnt real then why are we jailing respectable black folk for not wasting your pocket space with it? The item you have put out are free as there is no request for gold in exchange for them
Adrian Reed
No, they eventually go negative, because the productivity of workers eventually surpasses the productivity of capital. They're literally negative already. Aren't you here to whine about inflation? What the fuck do you think that inflation indicates?
It even doesn't matter, though. Even if it seems converges to zero, it makes capitalism nonviable. Capitalism cannot function without profits. It's the end-game, and states can only pretend otherwise for so long. We may see them pulling out some UBI program or helicopter money or whatever during this crisis. Doesn't matter, won't save the capitalists. The system can't go on. It MUST be replaced by the next stage of social evolution, or by the destruction of civilization.
Blake Jones
>The system can't go on. It MUST be replaced by the next stage of social evolution, or by the destruction of civilization. grow some balls turkroach and call it communism or more precisely bolshevism
