/biz/ - Business & Finance

based and doompilled fren, welcome to the fourth turning

>>12507051
>has society always been this fucked?
nope

>>12507070
i've heard about strauss-howe so often but never really looked into it

>>12507051
Life is harder now than (in the developed world) than it has been for a couple of generations, but compared to most of human history you are still living in a golden age of prosperity and opportunity.

>>12507051
>Has society always been this fucked?
No, it's only recently that kids stated being arrogant & lazy. It's like the boomers in the 60s, but worse! The youth have access to all the worlds information @ their finger tips, but too arrogant to use it!

Its quite pathetic, fuckin zoomers

Anybody learning python, something everybody can do in 3 months, is guaranteed to find someone who needs them for a job.
How is this a hard time?

>>12507051
Nope. When on a gold standard life was good. Your savings wasn't stolen through inflation.

Remember that. Everything that is wrong with the economy has to do with a Jew central bank and going off the gold standard.

>>12507103
how is all the information on the internet going to help me pay my mortgage, boomer ?

>>12507119
By helping you not make a dumb decision like to get a mortgage!
I can tell you have already accepted defeat.
Shame

It was better in 1950-2000, during industrial revolution it was hot garbage for 100's of years. 1650-1950 was probably the worst time in humanity to be born of lower class.

>>12507103
Wrong those smartphones at your fingertips is are propaganda devices in your pocket. You actually have to work and dig to find the truth. Most kids aren't going to do that. Back in the day you weren't inundated with mass media.

Go open snapchat and look at all the stories from the day. It's 90% niggers being talked about or shown.

For instance I was just looking at the snap story on the KC PATS game and they'll have like 5 or 6 random fans doing a snap selfie that's in the snap story... 3 will be black peolle and 2 will be white.... even tho 98% of the stadium crowd is white.

>>12507131
Kids growing up in America in the early 20th century who would start working at 13 became great strong men.

>>12507095
>>12507051
You're are what they mean entitled. You are the definition of it. Go ask your grandad or dad how is there life is like back then.

>>12507133
You were inundated by parents who were inundated by church which was an ancient form of mass propaganda.

In US niggers are promoted in anything not sure why they want that though since nobody likes niggers, not even themselves. A bunch of braindead neo liberals and foolish marketeers who probably assume it's profitable even though niggers have the least expendable income to buy luxury products.

>>12507131
lol what do you expect me to do ? live with my parents till im 40 ? paying rent is throwing away money rather pay a little extra and get the house at the end

>>12507131
don't tell me what i shouldn't do tell me what i should do

>>12507141
OK

>dropped out of high school
>plentiful jobs got to pick and choose
>could also get a free university education if he wanted
>took a job at a factory that required no experience but employed him for life and gave him a pension
>bought his house and car when he was 20 and paid them off in full within 7 years
>also bought a boat and holiday home

?

>>12507051
My grandfather was part of the wehrmacht between ages 18-24, was later thrown into prison by the soviets after he returned to poland.
My grandmother raised four daughters in a two bedroom apartment working non-stop while my other grandfather worked to the bone up to and including his current age.

This was the norm back then. Now my parents had it easy as hell and spent most of their life fucking around, but because of that, I had it hard for most of my childhood.

So I'm thinking the default is strife and suffering and the last few generations had it much easier due to the economic changes brought on by the second world war.

If you feel like you or the current youth got it hard, maybe try to man the fuck up and face your responsibilities.

>>12507141
>go ask your dad how life was back then
Let's see
>finished school at 15 and straight into apprenticeship
>works for several years then decides to go to art school
>government pays for him to go to a fuxking art school and pays his living expenses
>move out of the country, lie about qualifications and get high paying ship welding job with no background check
>move back home after a year or so
>buy cheap house
>fix up house with government grants
>do nothing
>retire with over million dollar net worth

I'm 37...... my age is literally the perfect age. I definitely got to experience the the tail end of prosperity/analaog era growing up and having fun like kids always had fun while being about 15-16 when the Internet really took off and then go through college and most of my 20's before all the social media crap took hold. I thank god everyday I got to experience being a normal kid.

I go visit my sister and her husband and kids where I grew up and the town is so lifeless. You don't see any signs of young life anywhere.

>>12507051
Yes to all questions. Life has always been shit for poor people because the accumulation of goods ensures better chances of survival and a more comfortable life. I don't know what exactly you observed to claim previous generations had it easier because they certainly didn't unless, like I said, they were rich. Boomers did have it slightly easier than previous generations, I give you that but that's about it.

>>12507051
Yeah kys

>>12507164
How does manning up get me a job or change the affordability of living

>>12507051
there has never been societies that have convinced their populace that the debasement of currency was in their interest (outside of existential war)

>>12507133
>You actually have to work and dig to find the truth.
Of course the world is complex, the dumb wouldn't understand/don't want to!
>Most kids aren't going to do that.
yea i know they are lazy and arrogant!
>Back in the day you weren't inundated with mass media.
I had my own computer for 28 years, i was 7!... TV/MM is for the dumb...Don't be dumb
>Go open snapchat and look at all the stories from the day. It's 90% niggers being talked about or shown.
Why waste your time with that shit! & you guys wonder why your depressed!

>>12507139
Yea, to many weak people around!

>>12507158
First off stop wasting money! mobile, car ect
Rent somewhere cheap
When you 'buy' a house 'buy' it cash, or pay double the house price...
TONNES of ways of makin money online!
Have a positive attitude ffs! you create your own reality! Your generation is only depressed cause you guys are wasting time on insta wishing you had what they have.

You can wish in 1 hand & shit in the other see which one fills up faster!
Your filling your life with wishes & shit!

>>12507147
Whatever. It was a simpler more fun and fulfilling time. I was born in 1981. Grew up in literally the perfect rich town 20 mins north of Chicago. Internet started taking off when I was 15-16... aol chat rooms and shut but it was nothing like today.

Look at these fucks going to women's marches with their kids. These parents should be fucking shot. The kids today are fucking hyper politicized. I never even thought of politics until I started watching Oreilly in college. I bet high school students today in general talk about trump and illegal immigration a lot. We never talked politics in high school

People were better when they went to church. You can't fucking legislate equality, humanity, peace and charity...

>>12507141
>entitled
Boomers turned the largest creditor nation in the world into the biggest debtor nation in history. Cope harder you parasite, were the opposite of entitled, we indebted and enslaved on your behalf. How anyone who coasted through life on boundless opportunities and parasitical subsidies and government programs can call anyone entitled is beyond me. Thanks Gramps.

>>12507051
the very fact that humans can't even replace themselves indicates that shit is pretty fucked up. Even more so than times of war or disasters.

>>12507222
Arrogance, the post!

>>12507210
Go open snapchat and look at all the stories from the day. It's 90% niggers being talked about or shown.

>Why waste your time with that shit! & you guys wonder why your depressed!

I like to look at that stuff to see the propaganda to see what's happening to them. I was talking with a chick and she couldn't even admit that men are physically stronger than women. You need to know why your enemy is thinking a certain way if you want to defeat it.

>>12507240
>Its all fucked just give up!

>>12507242
Show some respect or ill stop paying my social security

>>12507222
Boomers didn't do this. The Jews taking us off the gold standard did this.

>>12507248
>paying my social security
BOOMER'D

>>12507247
its all fucked
do whatever, steal, kill, and destroy as you have nothing to loose
now that is boomer attitude

>>12507222
Going off the gold standard literally ruined everything. People going into debt is because cost of living has gotten completely out of hand since going off a gold standard.

The country being 22 trillion in debt is because we went off a gold standard

>>12507243
>I was talking with a chick and she couldn't even admit that men are physically stronger than women.
Why waste your time with the insane?

Its a bit like me wasting my time on here trying to convince doomers only they can make there lives better, its no one else's responsibly!

>>12507248
You haven't figured how to get out of payin that?

>>12507111
No way is it that easy

>>12507254
race is not a useful proxy for competence or value.
if you cannot define what you want independent of race you unironically don't know what the fuck you're talking about and you only serve the people that would enslave you.

>>12507240
This.
When people talk about millenials and gen z it's usually just for a short term 'muh muhlenias cant buy house' but people rarely mention the long term consequences; namely millenials/gen z aren't having/won't have kids.
Who even knows what disasters these scewed demographics will cause...

>>12507051
>youth
You are a middle-aged man for crying out loud.. I got my first job when i was 13 years old, by the time i was 15 i have had multiple girlfriends whom i had been in a sexual relationship with.
Now i am 30, an old man, I have lived a full life.. all that is left to do is to wait a little while, so i can retire on my crypto holdings, and grow senile in a lonely cottage in the middle of nowhere.

>>12507070
>>12507086
https://www.youtube.com/watch?v=XTTo5hne9rc

>>12507268
A. It's fun as fuck to see them get triggered.

B. You have to talk to them nothing will change if people don't talk.

There is nothing more fascinating then to see how people are brainwashed. It's a constant mental exercise for me. I'm always thinking about it and I like to talk to people.

When I play poker or go to bars I love engaging not people and the literal worst thing you can hear from a people is "you don't talk religion or politics" when in a bar or playing poker.

Recently I was at a bar with 2 boomer military guys sitting there and an older guy sitting next to me. We started talking about trump cuz he was on tv.... and I say we gotta get out of the Middle East.... all the military does is fight for Israel and aren't protecting anyone's freedoms. And that our founders never intended us to be a country of war or policemen of the world.

These boomers got oissed at me and I loved it. Kept trying to tell me havent you ever wanted to be part of something. Then the old guy next to me who was like 75... agreed with me. Things settled down for 20 mins or so and the old guy started bringing it up again and the 59 year old boomer cold cocked the old man in the face and was bleeding out his head. Turns out that old guy was his DAD.

Fucking hitting your old dad over fucking supporting Israel. I had a pic of him bleeding but I deleted it

Everyone is sick in the head. Left and right. And I find it amazing

>>12507290
I've mentioned 3 times in this thread already. Going off a gold standard is why people can't buy homes and have kids anymore. This is literally the issue. Nobody understands it.

It isn't just min wage earners that are effected... everyone is getting poorer.

Literally nobody in the right or the left identifies the problem with min wage. Liberal say raise it which is wrong and conservatives say get better educated to make more....

Neither are even asking the question as to why prices are fucking rising in the first place.

>>12507346
Libertarians too

>>12507051

The reason why it is hard is because the new generation cannot let go of their digital pacifiers and view any kind of tough work as punishment and suck dat digital pacifier whenever the boss has his back turned.

The economy is fucking booming right now, but if you don't want real work and want to get a major in Social Studies, or you are not willing to move to find employment, then that is the reason why you are unemployed.

t. guy who went from apprentice to 75K leader position over 10 years

>>12507350
*do

ENDTHEFED

>>12507346
The wage should rise if inflation is the policy.

>>12507353
And 75k 30 years ago went a shit ton further than it does today.

Again... going off the gold standard fucked everything economically

>>12507353
>the economy is booming
Yikes, peak delusion

>>12507358
Inflation as the policy is destruction of wealth. Sound money, market set interest rates and low taxes = a great standard of living for all.

You know what term you never heard under a gold standard? "Income inequality" now that we've been off the gold standard for 50 years "income inequality" which was a non existent term back then is now a top 3 issue.

You think that's a coincidence?

>>12507213
I didn't know how far back in the day you would go, thought you meant pre 1960.


>>12507327
Jeez. That's quite the story man. Only 16 years between them though? I think the older man was older than 75 or he was younger than 59. I regularly have political talks (on a higher level though) with my dad, we rarely agree the worst we do is call each other a retard.

Most people can't talk about politics since they have too little knowledge of it. They don't understand outsourcing, they don't understand optimization of global markets, they don't understand the migration market they don't understand many things over which both the left and right are assraping them. It's due to the propaganda, does anyone actually tell you the root causes of problems while they're really fucking simple if you look at how the financial system functions? Nearly nobody does.

>>12507358
60 years ago you could drive retarded kids to grade school on a bus and "make it" with a bone and 3-4 kids at home with the wife raising them.

People are throwing their money into crypto because it's impossible to make it unironically because we aren't on a gold standard anymore

People say crypto is the new gold. Well there never was a problem with gold. The problem is with the dollar because it isn't backed by gold

>>12507358
Yeah but wages are always playing catch up with inflation, the people who get the newly printed money first get to spend it at the current purchasing power before it's inflated away

>>12507380
I meant 45-50 not 59. But yeah it was a great story. I made a thread on pol literally 10 mins after it happened and got a pic of the guy bleeding out of his head. Was a 400 reply thread.

>>12507387
Bingo

>>12507387
Wage rises only happen when prices have risen or are rising (remember wages are a price too) therefore rising wages will never overcome inflation

>>12507380
The funny thing is I have an older boomer buddy I play poker with who is a lefty who I talk politics with and I also talk with my dad who's a solid conservative. And they both think I'm wrong, although I suspect they both think in right they've just never been redpilled. So two polar opposite ideologies both think I'm wrong which just proves both the right and the left are wrong

>>12507327
>B. You have to talk to them nothing will change if people don't talk.
people don't change, the dumb will always be dumb!

>>12507346
Your not wrong on the gold standard.BUT
If we didn't change to FIAT we would not expansion that we did. Think of all those roads as a small example, if we continued to use gold we would not have been able to build quickly as gold is restricted by how much you can take out of the ground!
FIAT is great for funding wars, its the reason why Nixon stepped away completely

>>12507346
Well the opposite can also happen, you increase min wage a lot and now min wage is on a similar level as middle class leading to just one underclass. Basically what has happened in Europe in many countries. A lot of countries are in the process of deleting the middle class, some have already succeeded in removing a middle class (Portugal is a great example of this).

It's not just the gold standard though. Globalizing markets and optimization of them leads to outsourcing taking place and production as well as services moving to other countries to maximize efficiency. However workers of one country gain nothing when this happens. Yet markets profit from this, the middle and lower classes of a country definitely get hit by this. Amplify this on a large scale and you get a race to the bottom since workers in a state of the US now not only need to compete with workers in other states but also workers in Europe, India, China, Japan and so on. Whatever option is the best regarding speed, quality and cost will get taken. Workers get raped by this.

The same applies to migration it's a market of its own. Both sides are basically playing the population by having this market going, political parties love the DNC that migration gives since it gives many parties reasons to exist (both the pro and the anti migration parties). The country's ethnic and cultural unity gets destroyed so you can permanently divide and conquer the population there's no real going back from this. It's why you experience seeing niggers everywhere in commercials. It's a fabricated fake sense of unity that never existed and will never exist it's laughable that these false myths of equality get so easily accepted into a normies mind.

>>12507400
Gold price in 1800 was 20$

Gold price in 1900 was 20$

Gold price today $1,300

>>12507372

My company's backlog is almost a fucking year, and we make construction materials, which is a prime component of any boom

The unemployment rate amongst smiths, electricians, carprnters and masons is 1% in my country

We are booming like fuck

Inflation is always caused by an expansion of the money supply that is greater than the expansion of production in the same period. Ie. More money is created than goods and services.

In a free market sound money economy, wages can only rise of you increase your productivity and are therefore not inflationary. The theory that prosperity causes inflation is a Keynesian propaganda lie, economic growth is deflationary making goods cheaper and more efficient, inflation only comes from the money printers, the central banks and counterfeit fractional reserve banks - these criminal organisations rob you every day

>>12507412
Yeah I'm not saying we would have grown as fast but we've ridiculously outkicked our coverage by 100 miles now and it's going to end in systematic failure in a currency crisis and sovereign debt collapse.

What Thomas Jefferson describes here is exactly what's happening now...

Quotation: "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered..

>>12507424
Yeah and booming isn't healthy you retard, you know what follows a debt fueled boom period? The economy is a hot like of shit based on cheap credit and quantitatige easing, the boom is a symptom of that.

>>12507416
Yes but having a fiat currency isn't allowing our workers to compete. They aren't putting tariffs on us for no reason in other countries.

Govts and corporations aren't suppose to be the beneficiaries of these trade deals. As soon as a govt institutes a trade deal it ceases to become free trade. Free trade is just free trade and govt shouldn't be involved in it at all. Those dead factories nationwide were purposely put out of business by our politiciansZ

Purchasing power comes from production

>>12507442
I'm phone posting, that should read hot crock of shit

>>12507432
Absolutely spot on

>>12507432
I see you got some austrian economics there.
It is my duty as a shareblue factchecker to remind all people in this board that austrian economics have been debunked and it's currently shamed in any serious discussion. It essentially is a conspiratory theory on par with government involvement in 9/11, antisemitism and IQ difference between races.
Have a good day and don't be fooled by russian trolls.

>>12507442

People are wiser after the financial crisis. At least in my country. People are switching to low-interest mortages with shorter running times (15-20 years instead of 30) and actually not racking up all that much debt compared to pre-crisis levels.

>>12507460
I guess our founders were Russian trolls putting that only gold and silver shall be legal tender

>>12507461
I don't know where you live but in the US and EU debt on the governmental and corporate level is massively higher than 2008, consumer debt is also near 2008 levels. There is a lot more debt and leverage now than 2008, the world is in a more risky position. You can not solve a debt problem by slashing interest rates and fuleing another debt binge, 2008 will look like a bump in the road to the eventual crash of the 30 - 40 year debt bubble.

>>12507051
>if you look at previous generations
You can also look at instagram and assume that everyone is rich and happy

>>12507487
They didn't know any better, it was the standard at the time. Nowadays we know thanks to jewish scholars that fiat, properly controled by an educated council of semitic bureaucrats removes volatility in the economy and causes a perpetual boom in the economy. The only thing left for governments to do to ensure prosperity is enforce more strict checks on capitalists, ensuring they pay their fair share of taxes to distribute the wealth fairly according to the Talmud.

>>12507515
Haha fuck off

>>12507543
hehe nice refutal

>>12507434
See, Your issue is more to do with the PRIVATE central bank. FIAT will always have issues but the private part is how the scam works so well (not for us).

Take a look @ 'the grace commision'
All the tax money collected goes to paying the interest only on the national debt!
your taxes don't pay for roads ect.

>>12507051
>Has life always been this hard and daunting for the youth, if you look at previous generations of certainly dosnt seem so.

Anon plz...read your bible. Don't ask questions like these.

bannon and his cronies can fuck right off. this board is filled with their bullshit bait and all of you faggots fall for it in every single thread.

>>12507281
It literally is this easy.
I'm a Ukrainian born in a shithole, guaranteed to earn peanuts for the rest of my life and die from alcohol poisoning in my 30's. Learned programming on YouTube, read a few books and after a month or two got a job. 6 years later I'm living in EU with enough money not to complain about anything really.
Retards in US however complain about hard life all while not having to learn English and having the most advanced and high paying IT market in the world.

>>12507133
>>12507147
blacks are 10% of the population but have a monopoly on pop culture, media and entertainment for the past 70 years?

Blacks are simply more naturally talented in fields that require having a "soul" such as art music etc

>>12507210
Go to bed gramps

>>12507460
Is this how you cope?

>>12507611
We need a war!

>>12507515
>debt ath yearly
>this is fine
Imagine

>>12507416
>A lot of countries are in the process of deleting the middle class, some have already succeeded in removing a middle class (Portugal is a great example of this).

Speaking as a supposedly "middle class" poortuguese, I must admit that you're actually right... Some people are redpilled with respect to that issue around here, especially considering the more and more absurd real estate prices in the biggest cities in comparison to your typical wages.

Ultimately the course of action is to leave for greener (i.e. richer) pastures elsewhere in the world (as I will do eventually and many have done before me). Shit might still suck elsewhere but not as much as in Portugal in order to make it financially.

>>12507353
75k in 10 years hahahahaha. You got cucked so hard.

>>12507327
well, the quality of brainwashing, the science behind it, is now so-so on another level. Forget Medieval Church, literally who? Pubmed and and similar sites are there, but this kind of info is just too boring to read, when you got Fortnite.
As an example here is a boomer advert: https://www.youtube.com/watch?v=44e-Y08_B-0
see? People literally didn't know how to properly brainwash masses. Now they know.

>>12507051

>>12507194
Because if you man up, you stop whining on the internet and start actually applying for jobs with your current skills. 99% of the current generation's "I cant get a job" talk is total bullshit. Lower your expectations if you haven't worked hard to make yourself worth hiring.

>>12507111
nope not with all the unemployed degree holders out there. you'll need to get into debt for a bachelor's and then hope to god python is still viable in another 4 years when you graduate. also get in line behind all the H1B workers that wall boy wants to give all your jobs to. but don't worry I'm sure orange kike will give you a job building his tinker toy fence which is impossible to tunnel under...

A feeling of the influence of the faint face 12:37 on January 21, 2019! You also felt that you heard a lot of scolding around this time?
Before 12:37 on January 21, 2019, a toothpaste stolen robbed my supernatural ability and in the tourer! This is Montauk!
Before 12:37 on January 21, 2019, I saw a woman with a mouse cosplay!
It seems to be Nidaya Hottentot where goblins could be seen at the top of the head at 12:37 on January 21, 2019.
A dream of January 21st. I was with a daughter of a dead dog (male dog; fake) in an air-conditioned room.
At midnight of January 21, 2019, I could see the face of a chimpanzee (spy)!

>>12508337
> Life Sciences
What is that supposed to even be? Biology?

Half the people (maybe more than half) don't even do a (stem) degree to get a job in stem. They just need a degree because it shows some basic intelligence.

Computer science is the easy one though if you hold an advanced degree (Msc / Phd) you'll probably do well the next 10 years in the labor market. Then again very little people actually want to do that.

>>12507592
lol..

>>12507353
>75k in 10 years
>2019

>>12507194
it doesn't, it's just boomer feel good bullshit

>>12508222
you're an out of touch idiot

>>12508575
>you're an out of touch idiot
imagine thinking your in touch but fuckin illegals are getting jobs in a VERY small job market, ~1-3% of everyone else.
Kek Zoomers, its all in your head!

>>12507576
Are you me? Where in the EU did you move to? I'm in Kurwaland atm.

>>12507558
income tax is unconstitutional

>>12507051
>Has society always been this fucked?
In different ways

You might be sent off to a nasty war at 16 back in the olden days.

In regards to finding basic fulfillment in life such as new experiences, a wife at a young age, a family, a guaranteed job - it was much better in previous times. And really having these things in life is what brings you fulfillment. Sure we have cool little electronic toys and better medicine today but deep down nobody gives a shit about that if families are broken and they're single, childless, and unemployed - none of it matters. And since many of these single miserable people exist in younger generations, I think you'll find they will stop contributing to society and society will probably collapse until those things are attainable once again.

Finding those things today are far more difficult than it's been before, don't let any boomer idiot try to tell you otherwise. Your average teenage girl has fucked 20 guys. You need 2 years experience and a psycho analysis exam and a perfect employment history to stock shelves at a grocery store. It's ridiculous.

>>12508624
Lots of young people are struggling to find jobs, it's not coincidence. Shove your "can do" bullshit up your ass because that's just simply not the reality of the job market today. Stupid oldfuck, go back to facebook.

>>12508654
https://people.mcdonalds.co.uk/job-search

Sometimes you have to do something you don't like!

>>12508635
>income tax is unconstitutional
I will do one better! Income tax is unlawful!
Notice I did not say illegal!

>>12507633
kek

>>12507561

>>12507051
>Has life always been this hard and daunting for the youth

yeah, a lot harder actually. you probably wouldn't have made it through those two world wars.

most things are better, it's really just the cost of housing and the fact that corporations will kill small businesses, that's what's fucking everyone.

>>12507051
no, it was much better
t. 39yo

>>12507576
any specific youtube channels and books you can recommend?

>>12507576
So you did this 6 years ago. Well you're a boomer by our standards. 2019 is different for getting a job. 2013 was great for coding and programming because nobody knew it was getting big. These days everyone and their mother is doing coding.

Shits not bad. Especially in the United states. The media is just trying to make people think its the end of the world because a Republican is president.

>>12507299
autism

>>12507299
Is it too late to start your life at 35?

>>12507070
Jewish propaganda right there. Even their own method in that book doesn't fit their narrative.

>>12510103

Nope. I got my shit together at 34 and I'm 38 now and doing fine.

>>12509260
>tfw you have be a guy thats able to becoming the president of the united states to sniff those feet

>>12507051
The rate of profit fell during the last decades, and it will continue to fall.

Only a world war: destroying then reconstructing, or a change of mode of production would change the trend.

So what's the solution here? All you people are just talking wishes and dreams that everyone will magically come together and get back on a gold standard or something which ain't happening. What do individuals do to survive this?

the worse is yet to come, there will be a huge crisis in the near future

>>12507115
Isn't inflation of 2.5% just a 2.5% flat tax?

>>12507115
fractional reserve banking isn't necessarily a bad thing. it forces moral hazard by giving spending/investing to the locus of savings. e.g. the bank cant set your money on fire via bad investments because then they go out of business.

thus, fractional reserve is superior to direct state investment

that said, the state found a method of bypassing capital reserve requirements via 'quant easing' thereby being direct state issuance in everything but name

>>12510547
not necessarily. but in the current situation, yes, absolutely

>>12510315
mass dieoffs, particularly minorities, immigrants, dumb people, democrats, and people on state aid

>>12508654
people signed up to die in the trenches at 16 back in 1940 because society more or less guaranteed them a bride, a job for life, and a house

today, society doesn't ask you to die in a trench, but you also need to have a shiteater job that can't afford to get married or have a house even if you do it for 60 years

but it still kind of asks you to die in a trench, because you still have to be around black people. so really, everything just became terrible

>>12510603
From what I have been learning g about with history and hidden population control one source of prosperity already is mass die offs. With so many wars, all western nations with supposedly high rates of birth survival can't even make enough babies to replace the current population. They plan to keep the population below half a billion. So it's easier to control and maintain an illusion.

>>12507051
nope. you're living easy mode. back then people died young, went to war and killed each other, died over the most stupid diseases. stop believing this crap retarded kids write online.
we got it easy

>>12510629
no one is trying to do that. the major stakeholders have their assets tied up in publicly traded assets, that are directly tied to population size

if their plan is to keep the pop under half a billion they need to gas africa, the middle east, etc.

instead they're inviting them here

>>12509477
https://youtu.be/Hl-zzrqQoSE
I've started with this. It's only good if you're staring from zero since it's basic and explained in absolute brainlet terms but the guy was autistically funny at times so I loved it.

>>12509981
It's better now specifically because it's got so big. The demand for people is much higher than it ever was - every fucking coffee shop for some reason decided that they need their own app and a website, there's tons of courses, bootcamps and all kinds of free learning resources. You have to be in absolute denial to claim that it's hard to get a job in IT nowadays. And if you're worth even something and have slightly above average skills the recruiters will eat you alive.

I have some experience so it's not a good indication of noob recruitment opportunities but nonetheless I get at least two messages on LinkedIn every goddamn week. And it's not like I have some rockstar google/amazon profile, I'm just an average guy. If that's not a high demand I don't know what is.

>>12510638
Dying in war is preferable to this slow meaningless existence. Even hedonism gets boring eventually. Spiritually and intellectually dead but you tell me to be thankful?

>>12510718
It’s your own fault you feel that way, go out and do something

>>12510744
like what? everything is saturated. and whatever isnt saturated, you need to spend $200k on school to get a degree just to get a chance to get a job

>>12507160

Life for young people now is harder than it has been the past 60 or so years, but easier than it has been from the dawn of man up until around 80 years ago

>>12510744
I do understand that my shortcomings are my own. My IQ is 138, just short of being really smart. Everything I ever attempt comes up just short or I am the second one to do it.

Why bother if you weren't born exceptional? Why even live if your just going to be another one of the billions of people on earth not doing anything really worth while. You can bullshit yourself into thinking what you do is important or that your hedonism make you "happy" but as soon as the highs wear off and you are alone with yourself that sinking feeling of being nothing will be there.

Life is pain and mediocrity we mask it with vidya, books, intellectual masturbation. Procrastinate with "self-improvement", why improve yourself if you are not going to be the best.

>inb4 be the best you, you can be

Literally the slogan of armed forces known to manipulate people into being complacent.

We have reached an era where only the truly exceptional with have real lives and the standard for exceptionalism is growing everyday.

There is fundamentally no difference between a high-school dropout and a PhD holder who has not advanced his/her field. The only difference is the false sense of superiority both are worker bees working to produce honey for others. One calls himself educated and gets off with higher forms of escapism the other gets drunk. Both are nobodies.

Society was always shit.

>>12507210
"haha just live in a cuck shed, why are you so negative"

t. Bought 2 houses at 26

>>12510717
None of us have experience but I'll hold you to this then. I'm already learning R and python.

>>12507141
you're wrong. we're talking about making it as an adult. it was so much fucking easier to raise a middle class family in both our fathers and grandfathers generation. single income household with a blue collar union job was enough to live the dream. two cars, house, wife, dog, 2.5 kids, yearly vacation, etc. we don't have it that easy anymore.

>>12511118
realistically the big price differentials are in housing, education, and healthcare

the official inflation stat is fine for other things. but also realistically, housing et al. is such a large component these days that it is destroying qol

if you can find some ay around it, america is still pretty liveable (for the moment, at least)

>>12511144
sure, those are the biggest price differentials, but absolutely everything else has gone up two. remember when gas was 80-90 cents a gallon in the US in the 90's? pack of smokes was $2-3. food was a hell of a lot less expensive to.
My parents build a new home in 1991 in a nice suburban neighborhood for $90k. that same house with 27 years of wear on it sold for $300k last year.

>>12511202
doubling time for 2% inflation i going to be 20 years. prices doubling since the late 90s being "bad" is literally caved in head boomer tier financial planning

if you're literally one of the 19 year olds on the board, I'll take it easy on you. but this is a pretty retarded take.

I agree, shit is BAD. but its not bad because of gas or food. it literally just isn't.

holding pay constant, gas and food is roughly the same. its really just that housing, education, and health has risen by a multiple of 10 since the 70s (after inflation)

literally, boomers just spent 90% of their entire paycheck on booze and clothes. literally.

Things were tough for a long time when we were peasants. Then capitalism came along and things were good until that got hijacked. And we will witness the next transition in our life times. Things won't get better because there will always be slaves. Don't be a slave

>>12511260
wages have stagnated though. it's not like we're making a whole lot more money anon. 1990 the average salary for bachelor’s degree graduates was around $49k. it's around $51k today. obviously your mileage will vary depending on the industry, but I'm talking average salary trends here.

>>12507103
>exclamation points
how to out yourself as a granpa

>>12511348
No, I have that wrong. average was more like $30k in 1990

>>12511260
Jesus Christ, I work in finance and im basically rich but reading your ideas is hilarious.

listen folks
it was 100 times easier the last few generations due to low costs and competitive pay.
You could buy a nice house and provide for your family with 2 years salary.

Wages stagnated and costs for everything skyrocketed, along side the new trend of Fee fucking.
The biggest issue is mortgage..
add cars, add college and you're in big fucking trouble.
anyone who claims its "laziness" is a fucking retard.

>>12511348
pay has stagnated, but food has gotten cheaper too

I agree like 99.999%. I'm just saying the biggest factors are rent, education, and healthcare. some economies have had deflation since the 90s, and their prices/pay are more or less equal to ours for most things, the big difference is that they didn't have inflation in housing, health, and education.

the inflation in rent et al. is so big that it equates to roughly an average salary 4 times larger in the 70s. so i agree, a reduction of living standards by 75% is huge

but really, it is almost entirely due to rent, education, and healthcare. that's my only point

>>12511406
I never once said anything to hte contrary

I'm just saying that three are a lot of really retarded takes out there. niggers complain about food costing too much because they spend their money on drugs, but food has actually gotten cheaper

gas isn't htat bad either. I'm saying these are boomer tier takes.

>>12511438
food hasn't gotten cheaper - as opposed to the last few generations.
it has gotten a fuck ton more expensive, just like everything else has.

either way, the answer is obvious now, unfortunately.
we have to tax the rich and tax corporations more to get some of the money they've hoarded back.

>>12511453
yeah, maybe if you're obese and you only eat instant frozen dinners

man, you turned from making sense to completely fucking retarded in like, 30 seconds

the solution to rent inflation is to steal more money from the middle class and give it to black "people"?

yeah, okay buddy. go fuck yourself

>>12511453
>we have to tax the rich and tax corporations more to get some of the money they've hoarded back.

Hurr lets fix the issues the government created by adding more government

>>12511453

Gas here in Nj is 2.20 a gallon and that is with the nee 29 cent tax. Cost of living here is insane but food and gas are not that expensive.

Where do you live that it is so expensive? Is it because you want strawberries in the middle of winter.

>>12511473
>middle class
who said anything about taxing the middle class more?
I mean you can be a boot licker like this retard.. >>12511474

but the bottom line is - im rich. im fine. ill be a ok.
You though. you and your father and your uncle and your children.
Youre all fucked.
the rich collect all the new income on a yearly basis off of interest on their savings and the stock market.

I do not think there is Any other option then to start taking the money they hoarded back.

>>12511508
It is always the middle class that ends up paying the tax
Tell me one example where "taxing the rich" actually worked like it was intended and didn't end up hurting the middle class
Because I can show you 1000 example where that was EXACTLY what ended up happening

>>12511508
ah, yes, the mystical stock market that magically creates money, but ONLY for rich people. the magical EVIL stock market that drove up rent.

right...

>>12511508
Also
>the rich collect all the new income on a yearly basis off of interest on their savings
LMFAO

You have absolutely no clue

>>12511508
this has to be the most retarded post of 2019

>>12511453
You can't be serious?

>>12511530
Central banks magically create money. Last weeks SP500 bounced thanks to european and chinese central bank pumping it like crazy.

>>12511568
when the rich become too rich it always end up with a revolution or a collapse of the system. The 1% getting richer is a very bad thing.

I come from a line of men who suffered greatly and sacrificed much. My grandfather contracted TB during the war. Back then, that basically ruined any chance of having a promising career. My father saw hell. We grew up broke, but he did everything he could for us. I was too young to know my grandfather while he was still down here, but I heard he was a great and heroic man. I miss my dad.

>>12511570
No, I agree thats a big issue that benefits the rich and hurts the poor people
But the solution should be to get rid of central banking and not to impose a magical fairy tax "just" on the rich that will get all of the stolen money through money printing back

Also the stock market (at least in the USA & EU) is going to correct at some point, sooner or later
Majorly correct

>>12507103

nuh uh dem boomers be keepin us down

>>12511608
t. Got lucky on crypto

>>12511583
You do realize the 1% is selling shit more people than ever before? Literally name one company from 50 years ago that had the customer base and reach that Amazon has today?

We live in a different world the richest people are going to be richer.

Now answer me this. Do you believe the rich literally hoard money in savings accounts and don't spend it to collect interest?

>>12511525
>>12511530
>>12511533
haha leave it to the poor to fight for the rich.

lets try using our brains guys
I made 130k a year and im up 35k this past year on the stock market.
poor idiots vote for rich peoples tax cuts.
they fight for me to keep more money.
And these dumb ass mother fuckers still believe people richer than me are going to reinvest it.. and hire new employees.. and pay their employees more.

>taxing billionaires more after their first 10 million dollars will hurt the middle class!
Fickle.
>the stock market helps every class, not just an indicator for the rich!
Fickle.
>the rich aren't hoarding all of the new income.
Fickle.

Read, mother fuckers.
Read.
Think.
Evolve.

stop being a cuck for rich conservative politicians while your children suffer.. all because you fell for some made up scare tactics made to piss your panties that Consuela the pregnant cleaning lady in the caravan gunna hurt u and Obama gunna take ur guns.
it isn't real.
stop fighting to give me more money.

>>12511629
>Do you believe the rich literally hoard money in savings accounts and don't spend it to collect interest?
Yes of course they do, everyone knows that.

>>12507281
I made a working program that enters customer information into a database in less than a week. python is actually really easy to understand.

>>12511629
>Do you believe the rich literally hoard money in savings accounts and don't spend it to collect interest?

Please tell me you're really about to argue the contrary you bootlooking cuck of the century

>>12511656
>>12511690

You do know banks have caps on what you can put in a savings account and when you reach a certain threshold you are forced to diversify with increases in risk at every milestone? Are you literally fucking retarded? As in you can't just put your money in a savings account and call it a day, your money will be spread (usually like 1.5-2.5%) around multiple different companies and at a certain point your money is used as venture capital seed money that is vetted by the banks "experts".

I know this is 4chan but sweet baby jesus this is ignorant.

>>12511629
https://www.vox.com/policy-and-politics/2017/8/8/16112368/piketty-saez-zucman-income-growth-inequality-stagnation-chart

>inb4 muh left economics

>>12511637
>he has a 5 figure stock market account
that's cute, I invested more in the stock market in 2018 than you have in your entire account

>>12511690
most billionaire free cashflow is invested in businesses (not stocks but businesses) which create jobs and grow economies. You a brainlet m8? if you think taking money from the rich people and giving it to the poor people will grow the economy and reduce the amount of poor people we have, you're a delusional idealist

>>12507051
no

>>12511637
more people from that caravan = more people needing to be taken care of = more taxes = less money in private hands used to expand the economy and more money wasted by the government.

>>12511690
>>12511656
You two shouldn't be allowed to have opinions on the economy. You're both completely retarded and have absolutely no idea how a post-bartering economy works. 1) people don't keep their wealth in fucking banks. 2) banks invest whatever money people deposit, which is called fractional reserve banking. Money doesn't just "sit in savings accounts" in a fractional reserve economy.

>>12511739
Cuban Adjustment Act 1966 and 1970's is the first time America really saw a large influx of illegal immigrants.

>Literally in your article: something changed in 1973 or thereabouts.

I wonder what it could be? Its almost like illegal workers will work for less increasing the supply of workers lowering the amount companies are willing to pay.

>>12511739
>rich people get more rich when the economy grows
yes, but a rising tide raises all boats. what do you think would happen if rich people stopped investing in new companies, manufacturing, business ventures?

You think everyone gets a loan from a bank? I know SharkTank is a shit show but what rich people do with there money is exactly that, they invest in businesses for a cut of the profits for merely being an owner. Both get rich and the cycle starts again, or the business fails and the rich guy is out some money. But he chose to take that risk

>>12511738
I decided years ago that anyone who thinks rich people are "hoarding money in their savings accounts" don't deserve to be listened to. Just ignore them, they clearly don't have any idea how fucking banks work and how fucking investing works.

>>12509981
You are a basement dweller who has no idea what is going on in the world

Comp sci jobs are in negative unemployment rate, do u know what that means retard?

>>12511738
>>12511838
jesus you morons missed the point completely.

listen my goofy friends.
Putting their savings in the market is another form of hoarding.
The point is theyre using their money to collect more money for their bank accounts.

understand now?
I know you guys are poor but try to keep up.
The more money I make the more I throw it in my savings or buy more stock to make myself more money.. or I can buy real-estate to make more money.

>>12511879
You are the dumbest Anon I have seen in years. What do you think a company does with the money it raises through stocks?

Also why did you completely ignore the point about when you reach a certain point you are forced into venture capital? Your arrogance in ignorance is astounding.

>>12511879
This has to be a troll, nobody is this retarded
Right?... RIGHT?!

I mean, I've read brainlet crap like that in a comment section of a leftwing newspaper, but those people usually don't end up on /biz/

>>12510677
And that doesn't get your noggin joggin? I swear the elites deserve to kill off the current populationa.

>>12511879
that's called investing anon

>>12511879
did you not hear people saying that most ultra rich people are creating jobs by investing in companies, not the stock market. Sure they have a bunch of money in there, but most is in actual businesses.

And you're about 10x poorer than me attempting to shit on other people because you've earned a few bucks in your life. Fuck off you cunt

>>12507051
No it used to be much worse.

>>12511925
>what do you think a company
Telecommunications giant AT&T eliminated more than 10,000 U.S. jobs last year and outsourced some of those positions to contractors overseas.
AT&T's layoffs following the 2017 tax-cut law, which resulted in roughly $20 billion in tax savings for the telecom company.

>>12511951
Sure man.
me the rich guy who makes thousands on the market is the dumb one
you the boot licking pussy whose still poor are the expert.

laughing at your lives losers.

>>12507432
The keyesian theory also implies that deflation is per se wrong because you automatically increase your purchasing power by not spending. As an investor with lots of money I can understand that but this theory doesnt work as a consumer. Because I spend away my purchasing power because of hunger and thirst. The goal should be 0% and let the population have the fruits of innovation and productivity increase.
Workers union on the other hand hold employees hostage with their tarifs.
Inflation has always been used as an excuse to adjust wages. But that isnt possible for some markets that dont have a productivity increase.

In my opinion having inflation rate set at 1-2% is reasonable.
The bigger problem is government spending / immigration and saturation of workers market / not letting bad investments default or turning them over to the public.
The fear of economic recession and the acts against something so natural is astonishing to the point where you should ask yourself if it is done intentionally.

>>12511951
>>12511925
I think what he tries to explain is that the financialization of the economy only profit the already rich.

>>12511998
blame the government for taxing them and forcing minimum wage levels so high that its cheaper to get a better work force overseas than it is to train people here

>>12512014
LOLOLOLOLOL

check mate Faggots. Good talk.

>>12511998
show your investment porftolio cuck, let me see how "rich" you are. if its just 35K, you're a fucking joke for calling yourself rich.

>>12512026
yikes, first day and low iq

>>12512002
it's true too. money makes money.

>>12512026
>he cant respond
kek, you're a grade A moron. Lets see your portfolio, let me know how "rich" you really are

>>12512002
no one is arguing that its easier to make money with money. the point people that taxing the rich to give to the poor does not help the poor or the rich as it will just slow down the economy, jobs will be lost and production will fall due to a disincentive for rich to continue to make more money if its just going to be taxed significantly more

>>12511998
Stop moving the goal posts and answer the fucking question you slimy pseud.

>>12512002
So this Anon ignores questions that makes him uncomfortable in his world view then chimes right back in when he can confirm his own world view.

Literally Cognitive dissonance.

>>12507051
Stupid worthless piece of shit. You don't know how lucky you are. Stay one day with your head in poop, you will start understanding.

No the greedy selfish boomers fucked everything OP. Crypto is our only chance to take back the wealth that should have been ours.

>>12512151
its the "its everyone elses fault but my own that I'm a failure at life" episode

>>12507051

Capitalism and finance in the western world has never been so fucked for the youth than it is today.

Basically if you're under 30 and you work your FUCKING ASS OFF maybe you can afford to buy a little cuck shed and have a car.

The boomer generation really fucked shit up. The truth about this is really gonna come out over the next 10 years. The 100% deserve the criticism and abuse they are gonna get.

>>12511951
>>12511925
>>12511980
I cant believe there are still people that are so cucked that they still defend this situation.
The failures of capitalism are surrounding you in the form of your families losing quality of life. And you fight for the rich who directly fuck them.

The problem is greed, you extremely useful idiots.

>>12507160

Basically this.

In the boomer age even a low wage job could get you a house and a car.

This was before wages got fucked, housing got fucked, inflation got fucked, outsourcing got fucked, loans got fucked, investments got fucked, taxes got fucked, etc...

and who fucked it up? The people currently aged 55 to 75.

>>12512262
low
i
q
retard
fuck
off

>>12512240
you can buy mansions if with 300K if you're willing to change your location. you're just upset that you cant get everything you want. well bucko, life isn't fair buddy, get over it. the silent generation did, the boomers, did, the gen xers did and the millennials are still crying about everything they think they're entitled to

>>12512194
i dont think a generation had it easier than those who could profit from the golden age of usa 1948-1973. Boomers and their parents had it really good compared to now.
http://jobapplicationcenter.com/millennial-math/

>>12512262
>the problem is greed

watch this and learn something you brainlet:

https://www.youtube.com/watch?v=RWsx1X8PV_A

>>12512194
I’m Australian. I’ve got a decent paying job around 100k and my own side business but it’s still hard as fuck to afford a decent house with a yard to raise a family because my parents generation literally sold us out to foreign investors.
Real estate to the Chinese, our natural resources to the Chinese.
Boomers think it’s ok to own 6 investment properties and watch the younger generation struggle to afford their first home, and it gets harder each year.
Not to mention jobs being outsourced to third world countries and people being replaced by machines..

>>12512280
Did they have it better? Sure. But the last Decade was the longest bull run in history, unemployment is at an all time low and GDP is growing, there's no current wars these faggots can be conscripted to and the US infrastructure is the best its been in a long time.

But millennials cannot blame boomers for hardships in life, especially the ones retarded enough to think socialism is the answer

>>12512273

> buy a $300k home.

Okay let's assume the minimum shall we?

The buyer will need $6k down plus closing costs. So let's say $9k conservatively.

To qualify for the loan on that home the buyer would need about $60k a year salary (conservatively).

And so let's say he gets it in the middle of nowhere like you say, his/her commute to work might be 2 hours each way.

Ok man. You know how many people under the age of 30 make $60k a year? I'd say probably 10% or less.

You can debate all u want, the truth about the current economy and boomer direction will come out.

It's not ageism, because the WWII generation left things better when they died, not worse.

>>12512311

Oh and I forgot, the buyer would need to have no debt, since the current loan standards are based on:

debt to income ratio.

Just accept that 55-75 almost destroyed our country, they need to just die already.

>>12512263
and you pay for their retirement by beeing a wagecuck and contributing to their pensions. i couldnt imagine a more cucked fucking job than taking care of useless, degenerate boomers by beeing a caretaker or something..........

>>12512305
Jesus dude you are fucking lost.

If the economy is doing so well, why the fuck is everyone suffering?
Because its doing well for the rich. Thats all.

>>12512002
Nah, he is not even interested in a discussion, he is just repeating some socialist catchphrases like most politicians
>the rich should pay their fair share
>they get rich by taking advantage of us
etc. etc.

>>12512336
Why don't you browse some places like reddit where you can circlejerk with other people that have no clue about simple basic economics

Generation X, Y and millenials buy bitcoin before the 3rd worlders. Boomers at the top of large financial institutions decide to store wealth into btc. BTC to the moon is the only way the West can stay at the top. Win-win intergenerational situation. Making bitcoin moon should be a major geopolitical strategy at that point.

>>12512367
Why dont you tell me why this is happenning then?
Go ahead.

Why is your family fucked as the rich get significantly richer every year?

>>12512305
>But the last Decade was the longest bull run in history
yeah duh, caused by money printing and wealth confiscation though devaluing the dollar and inflating asset prices
> unemployment is at an all time low
unemployment is a fake statistic, if you have been unemployed for more than a year you are no longer unemployed
>GDP is growing
gdp is a meme stat, 70% of US gdp is consumer consumption thats debt fuelled
> US infrastructure is the best its been in a long time
ummmmm anon?


>But millennials cannot blame boomers for hardships in life, especially the ones retarded enough to think socialism is the answer
boomers are the socialists you idiot, massivly expanding government programs and entitlements

>>12510810
Untrue. Civilization, or even fields of study, aren't maintained and sustained by pioneers alone.
They are kept alive by tradition and those giving life to it. You seem obsessed with the idea of celebrity, like life or achievement was about being a pop-culture hit. This sounds more like rationalizing away the fact that you aren't doing your best and are angry at yourself for it. I'm not all too unfamiliar with it myself.
The question isn't whether you are recognized, genius or both. It's whether you live righteously, according to the truth, not some standards of your society or even those set by yourself, but those that are forever and according to which you will be judged in the end.

>>12512333
Yeah I agree it is completely fucked up
Boomers spend didn't save for their pensions while paying much less tax and now young people have to step up and eat the bill

>>12512383
Tell you why what is happening? And what is it with all those assumptions youre making? My family is fine

>>12512311
I never said middle of nowhere,I said change location. Additionally, I said "buy a mansion" for $300k. That isn't for youngsters, that's for older people. Starter houses around $100-$200K exist out there.

If you're in the suburbs of St. Louis, Kansas City, Cheyanne, etc. you can get a multibedroom home for 150-200K.

The world is changing, you can't blame a generation for the world changing on a path it was going to head anyway.

>>12512383
because there is an institution called the federal reserve that can print money from thin air and set credit rates by decree. Because there is an institution called the government that spends its self to the back teeth or retarded wars and socialism

600 years ago people lived a simple life. They didnt work all day and anyone of age would get married and make babbies in the family home. In turn the old people always had kids and grandkids around, so lack of company was never a problem. Going to church every sunday then chilling with the homies in a pub was the definition of bliss and a nigga living an honest, but short life, raising kids and working the earth was the definition of happiness.

Now its impossible for anyone under 30 to have children, and by children i mean 1 (one) kid that you will spend the entire family income on, from baby well into adulthood, as your kid probably wont be finding a good paying job right after highschool. We ended up with this generation of people who's bodies yearn to do the most basic shit, but their future feels so uncertain that every step needs a meeting assembly.

Now add to that the fact that religion lost all its luster, with people wondering why exactly they are working these 9-5 shifts 6 days a week, because there sure as hell aint no heaven, so whats the point of making a "living" if you aint living till you're 65. And add the internet, where depressed people not only get to watch what their lives COULD be, but also get reminded every day of how fucked up the world and the economy is... And you end up with one hell of a depressed generation.

If the human bubble aint bursting with the zoomers, the generation after them will be the final dawn and dusk of mankind.