/biz/ - Business & Finance

>>9577660
>I won't be happy until the entire debt based monetary system implodes

You do understand that debt is useful, right? That businesses and entrepreneurs voluntarily take on debt because it BENEFITS them, right? That some capital intensive businesses would simply not exist without loans? That lending is a competitive market and rates are largely set based on demand?

I don't even know why I come to this site anymore. I'm talking to someone who's at most 16 years, lives at home, watches youtube conspiracy videos, and has zero business experience or higher education.

>>9577687
>Their deception has blinded you into thinking crypto is valued with respect to USD, when in reality, USD is valued with respect to crypto.

Sorry, but this goes beyond the standard /biz/ delusions of grandeur. This is straight up insane. Get help, friendo.

>>9545971
Enjoy wagecucking day and night while I take money from the bank to grow my business. People who think that "debt is bad" are fucking stupid.

>>8629378

Have you ever read an introductory economics textbook? Do you even understand what a "monetary system" entails? Do you understand the definition of money? Are you thoughtful enough to realize that fiat inflation is a feature, not a bug?

The crypto world is infected with idiots like you who rail against the "system" but don't even have the first clue as to why banks exists, why the Fed exists, why deflationary currencies don't work in practice, why the Fed controls the money supply, etc.

Cryptocurrencies might be useful in the future, but currently it's all just a massive bubble. If you like losing money, be my guest and continue to HODL like the other brainlets on this board. Or do the smart thing and cash out while you still can. Come back in a couple years when the next hype cycle starts.

>>5139967
>>5139988
>being this retarded