/biz/ - Business & Finance

>>51594819
The fall of Bretton Woods and its consequences have been a disaster for the human race

>>51129738
This is an interesting part

>Creating incremental monetary ‘claims’ on the economy doesn’t increase material wherewithal, any more than printing a lot more hat-checks can create more hats when checks are presented at the end of a function.

He is right but he is ignoring that this all goes back to 1971 for a reason.

He is pointing this as a ecological resource problem ignoring that it's a monetary problem, the usa for exampled even mined most of the rare metals in the world and now it's only china.

There is a reason why resource extraction collapsed in western nations post 1971 you need to accumulate capital to invest in new extraction and refining.

Since 1971 companies earn more money but if they wanted to invest in increasing production the inflation they would experience would be far higher than the official cpis, they would overbudget every time because after 1971 we moved to a larp monetary system that is larping inflation down to keep the financial system going up.

At the same time they have used interest rate policies to keep the economy going with the same production than in 1971 with far more people by slowing it and increasing it to prevent inflation as the money bid for the same quanity of goods and in some cases even lower than in 1971.

He think it's an enviromental problem ignoring the monetary cause of the whole thing, tough at this point with so many knowledge lost in the west after 1971 it may even be a resource problem since you will lack the knowhow to restart the whole thing without mass inflation as you lack the people with the skills to do a lot of stuff at this point.

>>24000817
Based hue bro

FORO OF SAO PAULO DELENDA EST

>>23959128
>There's no world conspiracy to get rid of Trump. Fuck off with that.

Trump is an incompetent retard but all social democrat countries went full lockdown and only started to ease them when the us economy got total rekt and the usd did QE4 thus inflating the dollar.
And the whole back better shit is everywhere now thousands of conference with the same speech?
This entire fucking year feels scripted as hell , not to mention the chimpouts one day trump is literal satan for trying to close borders due to covid , then literally cheeto hitler for not enforcing quarantines , then when the floyd shit happened all the global media attacked trump the usa and even supported marches in their countries like mass protest in europe due to george floyd lmao.
Then once again muh quarantine get inside , it was a massive operation this fucking year too much coincidences , not to mention bill gates , schwab and the entire elite sold stocks in january & febraury and all the ceos resigning.

>and the economy is addicted to inflation.

The keynsian house of cards is not an economy it's a moster eating itself and more & more disconnected with the real world.

>Bretton Woods made the dollar the reserve currency, but it's not like other countries haven't tried to get off it

it's the game theory before bretton woods a backed currency would always win to a non backed one.
After bretton woods all are unbacked and going down relative to hard assets and no one can go back due to game theory since the only safe asset is the one with the biggest gravity pull aka the dollar due to existing momentum.

>that everyone else's currency is even worse.

Because everyone is inflating to maintain their parity to the usd and all are floating to 0.