/biz/ - Business & Finance

>>56041172
And better than that : inflation destroys old money, i.e. debts (public and private) and savings, two things the government wants to get rid of. While giving an unfair advantage to new money. Lemme explain because it may not be obvious, but when it's fresh off the press, new cash needs to have been spent at least once by several economic actors (newly acquired velocity) before the now diluted existing fiat pool gets impacted, thus creating prices' inflation in reaction. But who are the first actors able to spend freshly printed money? The ones creating it of course, i.e. the government (to finance it's deficit spendings) and the banks.
Always more cash chasing the same amount of goods is only a problem for the ones unable to get their hands on more cash.

Money printing is like banks/gubment stealing cash straight from your pocket, spending it at the nearest restaurant, then instead of trashing the bill, they put it back in your pocket. Then they burp at your face and tell you to be a responsible man with your savings kek.

>>56041010
Dw fren, it's their very incompetence who will fuel said inflation. On top of them fearing for their lives. It's always easier psychologically wise to manage a population of starving trillionaires than a population of starving pennylessionaires.

>>28668690
Idk if they do it consciously or not, but either way they know, and by they i mean literally every single financial entity worth over a billion USD, their very survival depend onto it. Onto playing a game they know to be flawed to the point they rather choose infinite etheric financial egregores over real wealth to save a system who clearly isn't ruled by the same laws.

This is also why i believe the next financial crisis (the next leak of the etherical mathematics into reality) will have to be immediately followed by the culling of most of the human race. Because the only way to reset a system of infinite numbers for finite resources is to kill the players. Or to electromagnetically holocaust all the computers simultaneously. Ironically, the poorer you are, the more you have chances to be saved by this system since you are then considered as an asset rather than a menace.

>>28208038
Gimme C !

>>26064689
There are already 9978 different shitcoins. None of them is backed by anything. What will happen when there will be, let say 50k different shitcoins, how do you determine the ones being worth something and the others, since they all are intrinsically worthless? Just in function of hype (ie pajeet bots spamming social media), in function of greed (ie whales initial pumping before the rug pull?), in function of longevity (ie speccing on dinocoins already obsoletes), ... How? And most importantly, why?

Why would you buy premined lines of code with 0 use cases and extreme volatility?
It's really beyond me, this whole cryptocraze, worth 1 fucking trillion USD.., just sounds like a greed bait to divert normies' money out of commodities, chasing an unsustainable virtual ponzi so the elites can buy every tangible assets with their freshly printed dollaridoos on the cheap.

Wouldn't be surprised if this whole shitcoin mana was engineered just to syphon this cash away from real world economy to delay the hyperinflation. Sorry fren, but i'll stick with my shiny cling-cling.