/biz/ - Business & Finance

>>25665527
i wonder who is behind this post. This post look similar to ones where they say
>i don't have time to explain simple facts of why holocaust happened

>>25665527
>Deflation bad
Explain why.
>Consumption good.
But you just said you hated rampant consumerism.
>M-muh deflation still bad!
They deserve the hidden tax.

>>25665527
t. economics degree
We like inflation because it keeps business profitable and we attempt to flatten the business cycle by manipulating it. The entire point is to avoid deflation.
The money supply has absolutely expanded substantially this year.
Inflation measured in our price index isn't 8% but measured against other currencies the dollar is weakening.
Anyone holding cash is not helped at all by inflation, it's making their power evaporate like water.
We lost our ability to effectively manage the business cycle and open market actions are the only thing that still makes a dent. It is probably not possible to manipulate economies like this for long periods of time, the natural allocation will emerge anyways.
The reason why central banks aren't able to meet their inflation targets is because there are serious negative pressures on the economy that have been suppressed for ages and are almost stronger now than our monetary arsenal.
>>25666087
Deflation is bad because it can spiral in a feedback loop and basically ruin the economy. The spiral goes increased money PP -> more savings and less consumption -> lower corporate profits -> higher unemployment and lower prices to compete -> less consumption -> lower profit -> employment and price effects -> goto start

>>25666087
>deflation bad
>explain
Debt valued in dollars increase in its value when dollar also increases in value
Deflation means low dollar velocity which means stagnate economy
The fiat system we use is designed to have a small amount of inflation but too much or too little creates problems
(We are at the too much stage)

>politicians and economists avoid deflationary currency because it doesnt serve their desire for economic control
>this means deflationary currency is VERY VERY BAD

>>25665527
What if i told you the 8% could be true and the fact it didnt technically inflate could be also true?
Inflation = printing x hoarding / gdp

>>25666266
According to Michael Saylor the price index isn’t accurate because when you look at real estate, stocks, etc (inflation hedges) the “inflation” rate is much much higher

>>25665527

Tether printed 1000% this year, you moron.

>>25666266
NOOO YOU CAN'T CONSOOM LESS

>>25665527
Yes goy just go consoom don’t hoard your money greedy goy

How long until $18 milk

>>25665527
Fed don't directly print cash, they buy bonds from the banks. It will flood the normal economy but with 12-18month lag.

>THAT'S NOT HOW ECONOMIES WORK. THEY'RE NOT PRINTING 20% THEY'RE JUST BORROWING 20% FROM THEMSELVES

>>25666479
Heh, you can't if you want to cheat recessions
We would be better off just letting the business cycle happen knowing full well all volatility declines over time naturally

>>25665921
B&RP

>>25666266
>t keynsian glowinthedark

>The reason why central banks aren't able to meet their inflation targets is because there are serious negative pressures on the economy

inflation meassured using bretton woods system is around 10% since 2008, they removed everything from inflation index, first housing , then rents , then everything but food.

There is massive inflation just not in what they are meassuring and this is great for them since it allows more inflationary tax on plebs.

Remember when Clinton's big talking point was reducing the deficit lmao

>>25666436
NOOO YOU CAN'T JUST MEASURE INFLATION WITH ASSETS PEOPLE ACTUALLY WANT! YOU HAVE TO USE DONUTS AND COFFEE TO MEASURE INFLATION NOOOOOOOOO

>>25665527
>Deflationary currency is a very, very bad thing that countries try very hard to avoid.
True, because it's so much easier for the international banks which own countries to rip off the citizens with an inflationary currency.

>>25666650
I want to laugh at your comment , but it's so serious that it's hard to do it.

They are literally causing a neofeudal society, on 1971 average wage in the usa was 800 usd per month and average rent was 150 usd per month.
Now most rents are below minimum wage and this retards are worried about not getting starbucks inflation , meanwhile assets keep going up 10% or more per year.

>>25665527
He is partially right.

>>25665527
>FED GOOD
>MONEY PRINTING GOOD
Good for us

>>25666665
>>25666650
>>25666555
>>25666377
Also i am proud of /biz/ so many woke anons here.

>>25666436
Buybacks ahhh

>>25666807
WHAT DO YOU MEAN INFLATION IS TOO HIGH? DON'T YOU TRUST THE GOVERNMENT INFLATION NUMBERS?

>>25666555
No don't print money. It devalues paper. That's too oldfag.

Just have the FED type big numbers in their accounts and use those numbers to buy stuff equities and debt out of the market.

>>25666747
But partially wrong

>>25666916
What a bunch of slaves.

>>25666807
Well yeah, besides speculation for material gains bitcoin is also a bet against the current economic system.

>>25665527
The metric the Fed uses are CPI without food & energy. They remove those items because they are :
>seasonal
>volatile
>fluctuate too much due to supply
>hard to trace back to monetary inflation
They need to remove this stuff because the prices are mainly caused by cost-push (supply side) inflation, as opposed to inflation caused by monetary expansion that they are doing
So when you remove the cost-push inflationary stuff that we all have to buy, basically all thats left is memes and here is the actual chart.

https://fred.stlouisfed.org/series/CPILFESL

The alternative economics sites that put 5%-10% inflation are right, but its inflation caused by
>tariffs on imports
>VAT
>other compliance costs passed onto us
>saudi / russia oil fuckery
>too many immigrants flooding the housing market
>jews running education
>jews running health industry

all cost-push except housing.

>>25666803
It used to be bad for me...

But now that I've found crypto, this is GREAT!!

Makes happy, makes the wife happy, and then my pee pee is happy.

Joy for everyone.

>>25665921
Based

>>25665527
>I fucking love economics

>>25667010

>>25667026
this
please print more money, you're making me fucking wealthy as fuck

>>25666266
>Deflation is bad because it can spiral in a feedback loop and basically ruin the economy. The spiral goes increased money PP -> more savings and less consumption -> lower corporate profits -> higher unemployment and lower prices to compete -> less consumption -> lower profit -> employment and price effects -> goto start
explain Japan then
also, post nose

>>25666996
Yes but it's great people are understanding the game we are playing here and not just money number go up.

There is a game theory on why bitcoin and crypto is going up and why the current "system" is going to ship at ever increasing speeds.

>YES PLEASE FUCK ME IN THE ASS WITH NO LUBE FEDERAL RESERVE THIS IS GOOD FOR THE ECONOMY!!!!

>>25665527
This is unironically bullish as fuck for bitcoin

They need to print more money so people have money to give to Jeff and bill

who gives a fuck what these hopeless normie sheep think?

first, let's define inflation and deflation. inflation is the expansion of the money supply. deflation is the contraction of the money supply. rising prices is an effect of inflation, because a greater number of currency units is chasing the same amount of goods and services.
>>25666266
>your brain on keynesian economics
the "deflationary" death spiral has never occurred. care to explain how lower prices in computers and consumer electronics over the past 50 years has created the most profitable industry in the world?

>>25666377
extremely fucking red pilled anon.

>>25666266
Go back to you econ 101 class mate.

>>25666995
>inflation is good
>diversity is our strength
Bitcoin is hyper-inflation in reverse

>>25665921
FPBP

>>25666916
>a healthy economy requires that we that cattle lose purchasing power so we end up working as costco and walmart greeters at age 70

>>25667284
I've always found it curious that Greenspan was a gold/hard money fan but presided over these inflation tricks.

>But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.

>This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.

>>25667372
there is the argument low inflation is bad because it indicates reduced spending, meaning money is not being used in the economy.

I AM GETTING SO FUCKING RICH SHORTING THE ECONOMY BUYING MUH BITCOINS
SO FUCKING RICH I AM GONNA OWN ALL OF THE USD SUPPLY AT A PRICE OF 1 BTC
SO RICH MAN

>inflation bad
>deflation bad

Almost like capitalism doesn't work

>>25667372
cattle does cattle jobs, nothing wrong with that

>>25665527
I didn't know it was possible to be that condescending in one post.

>>25667137
Isn't it awesome though...

Get laid off when politicians mismanage everything...

Then they double down on fucking you with the currency..

But with crypto, you make what you used in a month before you even eat lunch...

Makes my pee pee hard, where'd she go, need to show off my large gains.

>>25666266
Keynes you faggot how did you get on this board, you're supposed to dead

>>25666266
Basically it isn't efficient to price every day products in a deflationary currency if you want to maximize the people getting secure access to food and stuff.
It is also efficient to allow people to save their income in a deflationary asset.
When you're interacting with a national economy you're in that trustful system anyway so there's nothing wrong with using their native tokens but having access to the external trustless and deflationary system gives you an escape hatch and pressures the governments to behave. Reformation of corrupt governments can even include keeping reserves in a publicly verifiable ledger that's not run by the government. I don't see why that shouldn't be the norm with both governments and companies that want a provable reserve.

>>25667476
Too much of one or the other is bad. Fiat is bad in general but if you can keep inflation in the sweet spot it's 'healthy' (as far as fiat goes).

>>25665527
Holy shit. We really are early still

>>25665527
Their egos are the only breathtaking part

>>25666304
>>25666266
I wasn't really asking. Deflation works. The only reason people love inflation is because it keeps a decaying system alive, a system wherein they can exploit others.
Any and all criticims of deflation are Jewish lies, mr (((economist))) and history is replete with examples where it worked magnificently until their societies imploded after creating inflation of some kind.
You can argue a hormetic effect, a 30,000ft view of inflation. Kind of like how surviving cancer can strengthen you. That's about it.

>>25666266
inflation slows down technical and scientific progress

>>25667593
>>25667626
see: >>/biz/thread/S25568474
if you want more examples of normies being retarded

Ars Technicha is midwit central. worse than reddit even

>>25666266
Inflation good, deflation bad is only true in the debt based economy that is about to fall apart. Those who don't see the writing on the wall will get what they fucking deserve.

>>25667443
>money isn't being used
that's a good thing. if people are saving instead of consooming, it opens up the door for entrepreneurs to take advantage of the lower interest rates that higher savings rates afford. of course, i'm assuming the fed isn't (which it always is) manipulating the interest rate. the fed is no different from the old soviet politburo.

>>25666266
>economics degree
imagine admitting you know nothing about economics and then going on to tell people about economics
if you didn't learn from Austrian school professors you didn't learn shit

>>25667293
no u

>>25666436
asset price inflation yes. if you aspire to be a fat incel neet spending your money on netflix, beer, cheetos, steam games. there's no inflation the fed is right!1!! If you aspire to be a billionaire you're seeing hyperinflation right before your eyes

>>25667409
he's a jew, he can't help it.

i fell for the 100% LINK meme
wish i kept at least one btc, now it feels way too expensive to buy...

>>25667515
In 2019 I made a little over $86k before taxes.
I'm in the restaurant industry so got laid off the first time in March and then again in at the end of October.
When they released the $600 'economic relief' recently they also lowered the cap on who gets it with a cap of $87k. So despite being laid off for 3 months due to government over regulation I got an entire $16.
In the same time since I've been laid off I've made almost $100k in unrealized profits just from holdng bitcoin.
This country is a fucking joke and I'll be glad to see it collapse. This isn't what my ancestors had in mind when they started it 400 years ago.

>>25667820
May I interest you in some XRP kind sir?

>>25667010
dude, we don't need your mumbo jumbo, look at house prices, that's all I need to know, I don't give a fuck how much a mocha soi latte is, I only care about land prices and housing, these should be the only inflation metrics

>>25667409
Alan Greenspan was the only central banker that was not a keynsian degenerate.

His time at the fed was the west most peaceful time and a golden age in some ways because he managed to increase money velocity despite having a inflationary fiat system, that made fiat less inflationary.

The man tried to fight the system from inside and failed at best he managed to not fuck up as a keynsian would do.

www.321gold.com/fed/greenspan/1966.html

>>25665527
how can any non-kike non-satanist normie look at fractional reserve banking and think it's a good thing

>>25666916
Lmao these fucking sheep citing bullshit metrics for inflation. Real inflation is in things that housing, asset prices, tuition, etc... These are the things that actually matter and have skyrocketed in the last 10 years.

>>25666650
fucking this. basing inflation on CPI is a complete farce and a sick joke. Oh, my phone bill and a loaf of bread at the grocery store haven't gone up much. Oh, my new consoomer iphone X6sCII is comparable in price to last year's model.

Meanwhile real estate (you know, the thing that you need to have a place to live? the thing that is the single largest expense a normal person has in their lifetime that they spend decades paying off?) is ballooning out of control. I remember when people used to negotiate down on house listing prices. Now there are fucking bidding wars

>>25667237
>inflation is the expansion of the money supply
Where do you find your meme definitions?

>>25667875
>tfw I used to laugh at Ron Paul & goldbugs back in 2009 but now I realise that it's all true and there's nothing we can do about it until it all comes crashing down
was a pretty hard blackpill to swallow for me

>>25667885
they have less than 100 IQ. they don't even ponder these things. i don't feel bad for normalfags anymore because they don't even realize how retarded they are. it's just sad.

>>25667921
lots of people with entry-level knowledge think inflation = printing money
they don't know what it really means

>>25667908
Lmao do they actually compare inflation with phone bills? Phone bills get cheaper every year because the networks get larger, can handle more load more efficiently, over time more bills pay for the network construction so bill prices can be lowered.

>>25665527
>No goy it's actually good for you if we devalue your purchasing power by 2% per year in order to add to our own

>>25667943
They were right about everything but gold , gold was unironically totally and 150% cucked , it's hard to find an asset more cucked than gold.

>>25665921
*ting* *ting*
FPBP BASED! BASED! BASED!

>>25667943
https://archive.org/details/AWorldInDebtFreemanTilden/

>>25667293
this, jesus christ
"we need inflation to keep business profitable" is the worse horseshit i've ever read by any larper. even a keynesian, even a first year econ student would claim business profits are by definition the result of providing goods and services. in the keynesian view inflation is useful because it provides the impetus to move capital towards revenue-producing efforts. you'd need to skip not one, not two, but three full logical steps to argue inflation keeps business profitable. KILL YOURSELF

>>25667921
Inflation is the process of making addition to currencies not based on a commensurate increase in the production of goods.
—Federal Reserve Bulletin (1919)

>>25667885
Have faith bro.

>>25665921

>>25668003
spotted the kike.

>>25668044
that's also true of food, electronics, clothes, consoomer shit, etc.
I don't know the exact consumer products/services that go into the CPI, but you get the problem. It doesn't fucking matter if these small-time things go up in price. bread is a couple dollars. internet bills a few dozen a month. MORTGAGE/RENT ARE THOUSANDS. It's the thing that most people spend the vast majority of their income paying off.

also same goes with cars. Car prices have inflated dramatically as well. Ridiculous how basic no-frills non-luxury cars cost a minimum of like 30k now new. And barely much less than that used, looking at the lots.

>>25667977
>>25667875
>>25667943
Also gold on its own isn't the whole solution
Gold backed currency can still be evil if it's used in a fractional reserve that's a nation's central bank and owned by globalist usurers
Read and watch some of what William Still, Stephen Goodson and Anthony Migchels have put out about this, it sums it up far better than I could in one post on /biz/

>>25666479
>NOOO YOU CAN'T CONSOOM LESS
If no one buys anything then you don't really have an economy.

>>25668127
>a wild 2020 definition appears

>>25668067
they got everything right apart from the asset class. turns out that BTC was the missing key.

>>25665921
Lol, spot on. It’s def Jew pilpul nonsense. Probably rubs his hands and acts all smug when he clicks send to post his comment, full well aware that it’s subversive bullshit

>>25665527
countries try to avoid that? you mean jew controlled countries ??? lol

>>25666803
honestly even Bitcoin holders suffer from this. Your bitcoin also buys you 20% less real estate as it did last year, the only good part is that it rises so quickly that every early holders easily stays ahead of the float.

>>25668239
*William T. Still
Googling his name without the T just gives some dindu

>>25668104
It's what happens when you have a ponzi economy that relies entirely on permanent growth, debt and "services" instead of actual production.
Money that gains in value would be SHTF for them. Savers being rewarded for having longer time horizons would mean that more people would choose to HODL their dollars and gain value, rather than being incentivized to immediately run out and consoom.

>>25668264
notice how the kikes changed the definition so that the government could print more money to pay for government services we can't afford without raising taxes. instead we have an inflation tax, even though "inflation is low"
>a wild something appears
go back to r*ddit, then kill yourself.

>>25667143
evryone read this right fucking now

>>25665527
>>25666266
>>25666631
>inflation meassured using bretton woods system is around 10% since 2008
>>25667237
>the "deflationary" death spiral has never occurred
>>25667579
>there's nothing wrong with using their native tokens but having access to the external trustless and deflationary system gives you an escape hatch
>>25667702
All of this.

plebbit OP pic related and "muh economics degree" are literal stooges in the keynesian cult. i saw it first hand in college over a decade ago. it's literally indoctrination (and get away with since 90% of students now are basically and morons w/ loans or funneled in via entitlement programs, and not critical thinkers at all). The few that have doubts get funny looks from classmates and teachers alike most usually until they stop asking. none of them admit economics is theory and not science. smart ones know it's a ponzi, keep quiet about it, and play the system.

can't wait for normans everywhere to get btfo

>>25668264
>indexes
do these retards not have proofreaders?

>>25665921

>>25666665
(((International banks)))

>>25667685
Don't forget the environment fud too

>>25668445
The definition doesn’t even matter faggot, but if you’re going to start throwing around the term inflation start using the commonplace definition from this century or nobody will understand the point you’re trying to make. I agree with everything else you posted. Also I guarantee I’ve been browsing /biz/ longer than you

>>25668500
muy basado senor

>>25667476
It works, it;s designed to do exactly what it’s doing now. Give jews power and wealth

>>25667143
This made me fucking cry.

>>25668445
alright probably wasting my time but here we go

inflation is the rate of prices going up. such a thing can happen in several ways. the main ones are:
1. everyone is getting rich (demand induced inflation)
2. production is somehow getting expensive (cost induced inflation)
3. currency losing value (typically from money printing, but there are other ways)

1 isn't always bad since it is a natural trait of human economies and largely unavoidable without price controls
2 is bad, but unless there is something you can directly do about it, it is unavoidable and thus pointless to worry over. substitution is important exactly for cases like this
3 is horrible and it sucks because we actually have control over it. corruption and immorality prevent us from setting things right

>>25667409
It's hard to overstate how hard nixon and LBJ fucked the US dollar

>>25668558
They can't spell, and they control your monetary supply. Chew on that one for a bit.

>>25666632
Remember when he fucking did it too

>>25667837
didnt you get unemployment gibs? i got like $15k last year

>>25668003
And what does it mean, my wise kike?

>muh inflation
If the stock market crashes, a lot of "money" will simply vanish.
Also Im pretty sure most people ended up poorer this year

>>25665527
Reddit narrative is generated by chicom CCP shill accounts at Tancent. Don't bother trying to prove I'm wrong.

>>25667908
people forget that food is cheaper to make than it was 20 years ago. (it’s less nutritious too, of course, and i cant help but wonder what subsidies are involved)

>>25668701
>The definition doesn’t even matter
so why are you so fixated on it? clearly it does, as jews constantly use word tricks to confuse the goy, as you are clearly confused.

>>25665921

so we are basically in inflation but the fed larps as if we are in deflation by manipulating the statistics? can someone answer me?

>>25668729
3 is the only relevant definition. everything else you posted is just garbage and can be explained by basic supply and demand.

All this shit gives me an idea

ICO my own coin tied to a % of my actual real life income.

brb becoming rich without even trading.

>>25665527
I HATE Normie economics. Also, buy Precious Metals and Commodities too.

>>25669025
correct

>>25668992
>nooooooo my 1913 kike definition is heckin valid but not the 2020 kikerino definition noooooo
The concept is the part that matters but impossible to deliver if you can’t even define it to a normie

>>25669026
well if you go that way even 3 is "basic supply and demand"
print money, supply goes up and value goes down
produce a lot of shit, people want money to buy your shit, demand goes up and value goes up

>>25668232
The worst part is that consumers ultimately rejected all the cheap small cars available in the market themselves, and went for consooming the expensive ones anyway. I blame long term lease agreements that make retards think they're saving money with a "lower" monthly payment.
RIP $15k Honda Fits, Ford Fiestas, Mitsubishi Mirages, etc.

>>25665527
>so no
lmao that guy is the definition of a person who deserve the "have fun staying poor"

>>25669151
normies need 60k USD SUV's because they are modern and SAFE so a roastie crashing head on into another car have a higher chance of surviving

>>25665527
The most astute normies don't understand that there's shadowplay

>>25669146
correct. somehow keynesians think they are better than this fundamental law.

>>25666266
central banks cause the business cycle to be an actual issue. Its funny how in every field, the "experts" are some bought pieces of shit. Economics is dominated by neoclassical and keynesian tards who are obsessed with formulas and ways to "stimulate" the economy aka. more money for the 1%

>>25668706
This
Based and dare I say it - redpilled

>>25669118
money supply can inflate (expand), the way a balloon does. prices do not inflate. they go up or down. how is that hard to understand?

>>25666916
I can't imagine being this mentally cucked

>>25666650
Absolutely based and keynesianpilled

>>25669249
Kek it's an arms race happening on our roads as we speak. Why drive a cheap econobox and die when every other vehicle on the road is a GMC Denali or BMW X7

>>25667237
THIS
According to the deflation the spiral logic, the same reverse should be true for inflation, where everyone spends endlessly

>keynisian faggots coming out of the bushes

These last 5 years never proved you idiots so wrong. Kill yourselves.

>>25669404
/thread

>>25669404
They're like rats nibbling at your toes

>>25667443
>economy bad when money not spending all the time
I like metrics like life expectancy and retirement age, personally.

>>25667908
> basing inflation on CPI is a complete farce and a sick joke
it also doesn't account for things that didn't exist and weren't necessities before like your phone and phone bill. so yeah yoy they might not increase much but it's still an extra expense that didn't exist 20 years ago much less 50. keeping the same relative standard of living only gets more expensive.

>>25667143
this is midwit
the incentive to build infrastructure is about to moon harder than btc

>>25669404
They're like cockroaches, hidden in the darkness until they find the right time to come out and spit their bullshit

reminder
they took this from you

>>25667476
>the year is 2140, capitalism is still failing

>>25669596
>the price of gold does no change
peter please, stop being a fool

>>25667237
The deflationary spiral only happens when you have soft assets... as in the assets only exist in theory. It's strictly related to things like derivates, which are "assets" that can be destroyed once people, for example, file for bankruptcy. You can't really have a deflationary spiral when people simply own things, and it is an absolutely braindead, pants on head retarded idea. With our current financial system, most "assets" are someone else's liability, which is why when this system fails it fails spectacularly. It quite literally has a domino effect where people's balance sheets get so fucked that the next guys balance sheet gets fucked that the next guys balance sheet guys fucked. Why do you think money printer has to go BRRRR every time we have a recession? It is the entification of systemic risk. And you really have to give these people credit. They have the balls to tell you that your ideas are stupid because of a major flaw in their system. "We can't have deflation! All of the wealth will evaporate!" Well, maybe if your wealth wasn't based on paper and promises, and instead on hard goods, deflation wouldn't be an issue. I could go on and on about this shit, but I will stop myself there... I suggest people look up the Austrian Business Cycle Theory is they are interested in more.

>>25669596
Ever was bullshit so easy to spot then the change in 1913 and 1971

>>25666666

>>25669658
>Why do you think money printer has to go BRRRR every time we have a recession?
you can print money without being forced into the current cancerous system you see

>>25669720
the worst part is people defending FIAT
the question is: are they manipulative or are they manipulated? not sure which one is worse

>>25669658
extremely based and red pilled anon. i've seen my fair share of bob murphy and tom woods content. austrian economics is gaining traction for people who still have common sense.

Side question, does investing in stocks in a Roth IRA help beat inflation?

>>25669658
what would the banks do with people's mortgages if we get into Argentina tier inflation? do they have some loopholes to fuck people over even if the dollar becomes basicly worthless?

Where the fuck is the top, I want to sell REEEEEE

>>25668262
Good

>>25669249
the ironic thing there is that it's all the giant ass SUVs that make the roads less safe, especially because people feel "safer" in them and naturally act more brazen and reckless as a result.

I can appreciate the use cases for those things though, but personally if I needed something to haul shit, I'd just get an old rusted pickup and use that instead.

>>25669825
no, but investing in bitcoin and ether in a roth ira would.

>>25669837
probably variable interest rates

>>25669837
variable rate mortgages. Wouldn't surprise me if they start only offering variable rate soon enough.

>>25666304
Exactly. Imagine taking out a 10 btc loan for a car 5 years ago. Today you would be unable to escape the debt, like some sort of AnCap dystopia, where the debt rises faster than you can even make money via non-speculative work. But i guess the whole purpose of crypto is based on AnCap ideas so i guess it sort of achieves its goal. But relying on a system of "Whos first to get in" is not good for the general population who dont care about computer internet money and just want to work, eat and fuck. So an inflationary fiat is needed as a standard.

>>25669805
>the worst part is people defending FIAT
>the question is: are they manipulative or are they manipulated? not sure which one is worse
that's what I'm asking myslef constantly, it's usually sjw libtards too, although Trump himself would print as much money as possible, but those fucking normies, why do they defend this inflationary economy? I refuse to believe they are the rich with assets that benefit from inflation, maybe because they are deep in debt so they think inflation will help them? or they are simply cucks (thinking that they are) virtue signaling by defending it

>>25669930
>>25669994
thatnk's that's what I thought, I'm surprised they even offer fixed rates, because looking at all this stuff from the sidelines it seems that hyperinflation is inevitable with all the covid printing etc

>>25669825
I don't trust Roth format when AOC is seen as enlightened about economics, but theoretically yes, I guess. Taxes are levied in relation to inflation. I just don't trust the green new retards not to fuck with the sacred retirement tax codes while keeping the early withdrawal penalties

>>25670053
>thatnk's that's what I thought, I'm surprised they even offer fixed rates, because looking at all this stuff from the sidelines it seems that hyperinflation is inevitable with all the covid printing etc

Exactly. Even as overpriced as the housing market was before 2020, it especially rocketed out of control as soon as the BRRRing began. Anyone with 2 neurons to rub together knew what was happening, and understood that it's better to get into a bidding war for an overpriced house if it means your mortgage will be inflated to nothing anyway later on.

>>25670044
>Exactly. Imagine taking out a 10 btc loan for a car 5 years ago.

this is a dumb ass premise. first of all, if any loan like that would even be accepted by both parties to begin with it would have terms so this couldn't even happen, like pegging the value or using real terms. People like you are so used to using the shitty inflationary central bank system you can't even comprehend that finance could be handled any other way.

>>25665527

He doesn't understand that inflation is literal theft of your purchasing power. He is being stolen from and is thanking the robber and asking for more.

>>25669805
Austrian economics is the only real economics. It's the only thing that explains natural economic behavior, outside of central bank/fiat manipulation.

>>25669837
As others have said, mortgages may only be offered variable interest in the future. Right now though I don't know there's much they can do if you already have a fixed rate. They could try to forcefully remove you from your house, but that's why you should own a gun. In the case of hyperinflation I'm not sure they would even try to attempt that on a mass scale anyways, I don't know how it would be possible. I have all of my loans maxed out as far as term goes. Interest is a little higher, but the money I don't pay toward my loan goes to BTC. It's my way of shorting the dollar. I would guess we see a dollar collapse in the next ~15 years and I am being generous. Once other countries decide they don't want the dollar as the reserve anymore, and we don't have the will or power to force them to use it, then the dollar is fucked. Like seriously fucked. And countries are already talking about dropping the dollar.

>>25666512
> How long until $18 milk
I'm still waiting for my bags to moooooooon

>>25670379
buy $milk sirs, very good coin, go to $18

>>25670044
Deflationary currency doesnt mean it rises in value 20% a year you mong. BTC as it is right now is being used a speculative asset, not a deflationary currency.

>>25666515
FED uses a 3year moving average, so thats entirely possible.

>>25670497
So was the Swiss franc not a currency since it was used as a speculative hedge? Does one null the other in your big grad school economist brain? I know that grey area has been hard for your sjw grads

>>25670497
that's true, but at the same time BTC is de facto deflationary because of the fact that once private keys are lost, those coins are gone from circulation forever. And over time the amount of lost BTC accrues and the supply goes down.

>>25666995
Because I need to see things laid out and because I find Excel oddly soothing, I made this.

>>25670673
It's deflationary because it's a capped supply, newfag. All those lost private keys could be found and it would still be regarded as deflationary

>>25668916
money that never existed yes

>>25670705
Add the years to redpill normies in a picture

also add rents

https://www.nytimes.com/1973/04/08/archives/108-a-month-rent-was-median-in-1970.html

That said great pic anon , really shows how fucked up things truly are thanks to keynsianism

It's always posts like these that remind me that /biz/ isn't actually completely retarded, at least not when compared to Reddit who circlejerk each other and downvote any comment that challenges their world view until it gets literally hidden from view. At least on /biz/ everyone is a spastic autist looking for an argument and to shit in the mouth of anyone who even mildly disagrees. It really serves to introduce a lot of different world views so you can learn who is actually full of shit.

>>25666266
>more savings and less consumption -> lower corporate profits -> higher unemployment and lower prices to compete -> less consumption
failing to see how this is a bad thing

>>25665527
it's correct deflationary currency would be real bad for a country. but it's just perfect for us.

>>25670815
The redpill is that keynesianism isn't about money at its root. It's about growing government power and people's freedoms/liberties are the natural victims

>>25665527
Fuck that and fuck you
I did the ritual I punched my dick as hard as I could everyday since the left scammed us with this election, now america is as good as dead and the ritual didnt do shit! my dick hurts and it almost fell of and for what? You motherfuckers are liers, Q anon never wanted to trick the globalists into legalizing pedophilia so we could have our break, all the pain receptors being trned to suport for trump and it didnt fucking work, you faggots are to blame for this, for I never weavered, nor would I leave DC standing... If I have to be the last guardian of Freedom, so be it, you fucking cocksuckers! Trannies! You cannot take my free speech! You can fuck the sluts of the female species all you want, but my birthright is to remain pure, I will never lose hope on Trump or his administration. Fucker like you should be shot on sight, motherfucking terrorist piece of shit motherfucking chud! Fuck you and fuck Biden, he will never come close to the greatest cycle America ever went thru, even George Washington would kneel for Trump and you fucking know it, fuck you and fuck BLM!

>>25668480
>>25668726
it should not made cry , it should make extremly angry and more determined to help crypto succeed.

>>25669555
You can't build infrastructure on a keynsian inflationary system , this is why all big infrastructure projects or the apollo program or nation building stoped in 1971.

You can't budget shit in an inflationary system, check when nuclear power plants were built in western countries , it's simple after 1971 it became impossible.

>Start to build a nuclear plant
>Inflation makes budgeting long term project impossible
>Your budget on construction ends up being 400% more than predicted 5 years into the project
>you cancel it.

The only countries that did massive infrastructure projects the last 50 years has been brasil on dams with world bank & imf funds , and china leeching from the post bretton woods system based on selling cheap shit to the usa.

They can build long term due to the stability having industrial demand has generated in their country , and that industrial demand exist due to the west being deindustrialized by post 1971 policies.

Easy to do infrastructure when you become the factory of the world and you can use excess production on nation building.
But as soon as they end up leeching the current trade system they will be as fucked as everyone else , tough less than the west.

This is why there is so much anti china propaganda now, western leaders have realized they sold the west for 50 years and if china wants they can build their own financial system bypassing the western nations since they own the world biggest industrial base and are now everyone biggest trading partner.

The entire 19th century pretty clearly showed us that deflation is a great force for both enriching all people and pushing forward the civilisation process. The deflation myth needs to die.

>>25670349
>And countries are already talking about dropping the dollar
source or completely pulled out of your ass

>>25670705
>>25670776
Updated to show dates and rents+utilities.

Imagine thinking technology isn’t deflationary

Inflation is a treadmill pushing everyone towards poverty. However, the mechanism of inflation isn’t money printing, it’s loans. Banks create money out of thin air when they issue loans. Every loan they issue is new money that didn’t exist before, which is then realized by the mint issuing new dollars. Because of this it’s easy to hide inflation through CPI. CPI stays fairly static, but assets soar in value. Real estate, stock markets etc. that’s where inflation is evident. But since inflation is effecting everyone, isn’t it fair? No! All the banks need to do in order to pick winners and losers is issue loans to their cronies that surpass inflation. In this way the ordinary person struggles to maintain their standing, but the oligarchs move ever forward.

If you don’t understand at least this much you don’t deserve to make it.

>>25666266
>The reason why central banks aren't able to meet their inflation targets is because there are serious negative pressures on the economy that have been suppressed for ages and are almost stronger now than our monetary arsenal.

Imagine actually believing this. Massive QE does cause massive inflation (in asset prices). Too bad the average (asset poor) pleb won't benefit huh?

>>25669837
There are no mortgages in argentina nor banks to be honest, banks are places to do wires and get the money out asap.

>>25671088
Nice and fucking hell it's worse than i expected, even fucking sugar or milk inflated.

Also were do you found that average income?I am finding it's less than that , between 38k to 49k depending on the source

>>25671183
>However, the mechanism of inflation isn’t money printing, it’s loans.

>Banks create money out of thin air when they issue loans.

So does uhmmmm, you know.... money printing.

>>25667143
Thank you.

>>25671198
are you from argentina? tell more how life looks like over there from a financial standpoint, is the currency more less stabilized etc?

>>25669805
Manipulative, the guy in the OP is trying to convince people that everything is ok.

>>25670789
>At least on /biz/ everyone is a spastic autist looking for an argument and to shit in the mouth of anyone who even mildly disagrees
it's what i love about this place

>>25671306
Median is lower than average, and closer to what you're quoting, but the original graphic uses average so I kept that for continuity sake. The site I used was policyadvice.net, so not a big named source but they had a decent list of sources. If i were doing something more substantial or serious, I'd probably do my own aggregate but like said I just wanted to something to sketch out quickly.

>>25670789
That's literally the essence of 4Chan m8. It's what makes this place so great, boils and all.

>>25671614
>>25671614
>are you from argentina?

Yes

>tell more how life looks like over there from a financial standpoint

Average wage for most people is now lower than haiti minimum wage thanks to keynsian money magic and lockdowns.

>is the currency more less stabilized etc?

Lol no, even if you bought bitcoin in january 2018 you would have been up in december 2018.
Entire keynsian system is collapsing.

>>25671602
No problem anon , we can still change this world for the best for everyone.

>>25671692
Yes that's why i ask we are mixing median in rent with average on incomes but it still gives us a good idea of how fucked up things truly are.

>>25671876
so do they have to update food prices in stores like every day or so because of ever increasing inflation?
does the government try to stop people from buying dollars, gold, bitcoin?
are they taxing real estate owners and people who didn't get fucked by this shit?

>>25671876
>Yes that's why i ask we are mixing median in rent with average on incomes but it still gives us a good idea of how fucked up things truly are.
Well, I think I was able to find average rent and not median but at the end of the day we're talking about 100 USD difference and, as you stated, it still shows how absolutely fucked the average American is when it comes to purchasing power.

>>25670727
Everyone here is a retard. It’s disinflationary.

>>25670996
based rothbardian ancap.

>>25671050
china is dumping US treasuries and convincing other countries to loan to china instead because china is offering a higher interest rate.

>>25671692
holy shit i forgot
since income inequality got worse, for the average joe it actually got EVEN worse (as if it weren't already fucked up)

>>25665921
fpbp makes me proud

>>25671946
>so do they have to update food prices in stores like every day or so because of ever increasing inflation?

Not every day but every week yes , that said there are insane price controls now , shit is absurdly cheap on us dollars from medicine to food , to real estate it's all cheap now.

>does the government try to stop people from buying dollars, gold, bitcoin?

Yes us dollar purchases are basically not allowed anymore , and to prevent people of using dollars , the government put a 50% tax on credit cards purchases.

>gold

Under capital controls , cant' buy it.

>bitcoin

We are ground zero of the bitcoin revolution here ,it's being adopted even by normieshits , i mean 50% tax paying on credit card vs buying bitcoin and paying on bitpay.

Not to mention freelancers can get their wage on bitcoin.
We are number one on bitcoin adoption worldwide and i am not memeing , we are disconnected by international exchanges so we have our local exchanges , some even do delivery of usd cash to your house to cash out lmao.

Also on p2p markets like localcryptos or localbitcoins we have a lot of sellers and buyers , lot's who also buy and sell on cash usd.

>are they taxing real estate owners and people who didn't get fucked by this shit?

Real estate no , but there are (((wealth taxes))) coming , that said properties are valued in pesos and due to inflation the legal value of poperties can be absurdly low , like 50 acres being valued for what is 3000 dollars legally(you buy them for 130k but for the state it's valued as 3000 usd due to the inflation).

This is the type of shit that happens when inflation get's out of control.
Of course it also means rule of law is shit and it also hits you on incomes since taxes are also rarely updated for inflation.

>>25672002
Yes even with average numbers would still be fucked up.
And it's worse outside the usa which is the reserve currency , the entire post bretton woods system has been a disaster for humankind.

>>25665527
he's right tho

>>25672643
Time for you to ragequit crypto then for it not being left wing enough for you

>>25671692
>>25671088

is this average household or individual income? Remember that in 1970 most houses were single income while nowadays they are mostly dual, so if you are using household income you can probably make everything 2x worse.

>>25673223
It was average individual income not household income.

>>25665527
even the economist and Black Rock are on board now.
See yall on the moon

>>25665921
Neato and sociopolitically disillusioned

>>25665527
>8% inflation
lmao

>>25666266
how can I protect my savings from inflation? might go boomer mode and buy gold

>>25666916
Even the fucking economist is saying inflation is back...

>>25672226
Godspeed argiebro. I'm glad you're still around this shit board these days

>>25673359
he thinks the CPI is an accurate inflation metric when it isn't, as Michael Saylor keeps harping on about. what do you expect from four years of keysnian brainwashing though?

>>25668232
china flu has doubled the prices of used cars

>>25673400
Bitcoin. The Economist knows all...

>>25665527
>I don't have the time or the energy

Ok smug faggot then shut up

>>25673640
Fuck wrong pic

>>25666266
>t. economics degree
so you admit you know less about economics than your average cousin fucking redneck

Why is everyone talking so much shit about Tether. I understand where it's coming from, but you don't understand the flaw in your very obvious doublethink if you talk shit about Tether.

Allow me to explain: Tether is backed up by 80% in funds, but the average bank only has about 10% or less of its funds actually backed up. You trust the banks, which have a fraction, and not Tether. In regards of actually funds backing up their dollaroos, Tether is actually way better than the banks. If you think Tether is a scam, what of the banks, anon?

>>25666515
>Fed don't directly print cash, they buy bonds from the banks. It will flood the normal economy but with 12-18month lag.

With the debt service ratios, that money is not given to retail as lending. Instead it goes to assets / corporate lending / repo market

>>25671876
>even if you bought bitcoin in january 2018 you would have been up in december 2018
dios mio, man

>>25673470
Thanks bro, i love /biz/ i also lurk on pol from time to time but the iq there is pretty low this days and it's full of fascist retards and commie retards fighting each other while they basically support the same crap for the most part.

>>25673975
Banks have to follow stress tests and audits. Tether hasn't done either. Literally your entire argument is "Tether said their backing 80%, I trust them", yet they haven't done an official fucking audit yet. This is just like 2017 all over again. Your image is very appropriate for your response. Nigger fag chink.

>>25673975
it's low iq most people don't understand how insane and fucked up the current keynsian system is.

It's a massive collection of mistakes that lead us to this shit.

>>25665921
FPBP, you're GMI

>>25673975
They used it to keep an artifical price floor on other coins and therefore were market manipulating which the SEC frowns upon if you are an outsider

Either way there is a massive civil suite against them with high power new york attorneys duking it out in courts, and what the judges gavel says basically goes.

>>25673723
Surely this is not real

>>25673975
is tether's meme shadow bank backed or insured up to any amount by anything?

>>25674371
no, but this is
https://www.economist.com/finance-and-economics/2021/01/09/is-the-financial-establishment-coming-round-to-bitcoin

https://www.economist.com/finance-and-economics/2021/01/09/is-the-financial-establishment-coming-round-to-bitcoin

>>25670996
>it should not made cry , it should make extremly angry and more determined to help crypto succeed.
if anything it makes me root for gold even more

>>25674560
I legitamately dont understand gold fags when even africans have cell phones for money management.

Unless you are thinking an EMP event, what the actual fuck is its role as a currency have against BTC - especially if you have no physical reserve!

>>25674560
Nixon pen killed gold , it was a good system when all nations were competing to accumulate it , it's not a good system now that they can create paper supply of it.

>>25670996
>anti china
literally 20 years too late
but fuck what do i know

>>25672697
everyone is jerking each other off in this thread, maybe you're the faggot, faggot

>>25667143
Bullish. Never fucking selling real 1s and 0s for paper kike money or kike 1s and 0s

>>25665921
ultra based and redpilled

>>25666087
>>25666377
>>25666665
>>25667163
>>25668060
>>25670336
you faggots understand that bitcoin is NOT deflationary right?

BTC is static supply, once 21M coins get mined. It's not deflationary.

F*cking beat inflation by:
50% ARK / 50% BTC

Do we have any academic paper around an aggregate index of inflation factoring in house prices and S&P ?

>>25667476
usury causes these things, making money off of money.

>>25665527
Keynesian economics is brain cancer.
Why did we let the commies infect academia?

>>25675027
There's a finite amount of bitcoin and more can't be created, so yes it is, edgelord cunt.

>>25675221
keynes was probably a soviet spy , specially considering how drexler white got attacked after dying.

>>25665527
he's right you know, BTC is not a currency it's a value store. You don't want deflation in your currency. Doesn't mean BTC bad

>>25675300
Born Dexter (((Weit))) btw

>>25674626
>intrinsic value
>physical
>without an artifically capped supply but mining it requires so much money an effort it will never be inflationary
>long history of being used as money
>privacy

>>25674666
>it's not a good system now that they can create paper supply of it.
yes but comex manipulation cannot go on forever and it is bound to crash eventually. besides the price of physical gold diverges more and more from the spot price

>>25675300
>everybody is a soviet spy

>Keynes sometimes explained the mass murder that took place during the first years of communist Russia on a racial basis, as part of the "Russian and Jewish nature", rather than as a result of the communist rule. After a trip to Russia, he wrote in his Short View of Russia that there is "beastliness on the Russian and Jewish natures when, as now, they are allied together". He also wrote that "out of the cruelty and stupidity of the Old Russia nothing could ever emerge, but (...) beneath the cruelty and stupidity of the New Russia a speck of the ideal may lie hid.

no, he was a libcuck. What's worse, a fucking anglo lib.

>>25667141
>explain Japan then
>stagnant economy since the 80s
what is there to explain? Japs are forever stuck in wage slavery.

>>25665921
fpbp

>>25675630
he's a loser neet weeb, that's why he posts on 4chan and pretends to be smart by just being counter everything

>>25673975
tether fud is a meme, it might cause a very short scare for BTC, but not a just scare. Look at the charts of Tether and BTC, they don't correlate that hard, especially not during the '17 bubble burst

believe in BTC, HODL

>>25675253
>monetary base increase every year
>deflationary
I don't think you understand the definition of deflationary, it's ok most people are retards like you ITT

>>25665527
>Deflation is a thing countries try to avoid
Read: Deflation is a thing politicians who control the money are trying to avoid because that would make them less influential

https://old.reddit.com/r/Buttcoin/comments/g9890j/what_do_you_guys_think_will_happen_during_the/fos5ggz/
>BTC WON'T GO TO $25000-$50000 AFTER THE HALVING

>DON'T BUY MICROSTRATEGY STOCK

>BTC WON'T GO ABOVE $20K THIS CYCLE

>>25665921

>BTC/USD CAN'T GO UP FOREVER, THIS IS UNSUSTAINABLE

>I'M INVESTINGATING IF CPI IS A GOOD MEASURE OF INFLATION FOR THE FIRST TIME IN 2021

>>25666266
>We like inflation because it keeps business profitable
It only does so by forcing people to constantly spend their money rather than save it. Imagine how 2020 would have gone if people have saved their money instead of spent it.

>>25669825
yes don't listen to other retards, stocks always beat inflation because that's where the money from the printer ends up

>>25670318
it's not a BTC loan if you're pegging the value or using real terms retardo. That's just a fiat loan with extra steps

>THERE'S NO REAL DEMAND FOR STABLECOINS LIKE USDT
>IGNORE THE GROWTH OF THE HEAVILY REGULATED USDC AND BUSD SUPPLIES

>TETHER HAS A MAGIC MONEY PRINTER THAT BREAKS THE LAW OF SUPPLY AND DEMAND
>THEY CAN PRINT USDT AND PUMP BTC, FLOODING THE MARKET WITH EXCESS USDT SUPPLY IN THE PROCESS, AND THE USDT PRICE MAGICALLY DOESN'T CRASH BELOW $1

>BTC WAS AN OVERVALUED JOKE WHEN IT WAS $6.50 IN 2011. STUPID BUTTERS!

Brainlet high school dropout here, explain to me Keynesian economics and why its wrong.

>>25666436
It is staggeringly higher, I bought my house in 2016 for 100k and I can sell it instantly right now for 130k min. Normies literally won't care though, they just want their 2000$.

>>25666631
>economy
Nooooooooo essential goods to literal survival like healthcare housing and education tripling in 20 years isn't inflation!!!!!

Look at this basket of goods that we can set the price on with with subsidies and rotate out of they still get too expensive!

THAT'S the only true measure of inflation, trust us!

>66% of all Bitcoin is mined in China
LMMFAO
I been fuding your e-tokens for fun, but you guys are legitimately holding a TICKING BOMB, Hahahahahaha haha.

What kind of insane person puts themselves between a spiteful desperate declining country (USA) and a literal TAKING DIRECT CONTROL (China) with a Libertarian Token?

INSANE.

>>25676706
You feed wild animals long enough, they forget how to hunt. Give corporations or people gibs for long enough, and they'll forget how to work, and attack you much the same a hungry bear would if you were to stop.

>>25669049
>norminomics

>>25670789
It forces you to do your own research is what /biz/ does. I can’t trust any of you sociopathic faggots.

>>25668067
Why is gold cucked?

>>25676706
So like imagine you have a giant balloon that's getting full and is starting to leak but instead of letting the balloon reach a stable size and getting another balloon you put tape over the holes and borrow a pump from your friend to make it bigger.

>>25666555
Checked.

>>25665921
It's very NPC daily show type content. Facts don't matter. A man in a suit and glass wagged a pen disapprovingly so that triggers their pseudo father figure response.

>>25670789
>shit in the mouth of anyone who even mildly disagrees
it's even worse when people who are essentially agreeing insult eachother over semantics

>>25671030
basadissimus
just look up what share of the population lived off property yields in 19th century UK

>>25670789
>>25671688

Deep down all anons love each other because we are based retards for actually using something way better than reddit.

>>25667237
What is Japan?

>>25666266
Economics degree also over here. I dont get why Keynes gets a bad rap. He simply stated that governments should spend in times of crisis and save (ie avoid spending) in times of budget surplus and prosperity. It makes sense if you think about it. He never once stated in his papers that you should print money or print it into oblivion. All this monetary inflation theory was in the 60s and (((they)))) simply hijacked Keynesianism to mean “Let’s print more money to stave off economic collapse guys!”

>>25675521
a log in the forest has intrinsic value. We are talking about a financial vehicle

>>25675630
I’d rather live in Japan, which is an actual country, then the US which is just a marketplace filled with people with no shared identity and who hate eachother.

Consooom consooom consoooom, grow grow grow has ruined this fucking country. Yeah, some people benefited like those working in tech, entrepreneurs, and asset holders. But what’s the fucking point when communism and/or civil war is the end result of this type of system?

>>25676150
well they got a new recruit alright. Motherfucking Black Rock

>>25667885
because economic growth allows normans to consoom so they don’t care if their quality of life or monetary power decreases. as long as they can wet their dicks and buy the newest macbook every year who cares about any of it

>>25674270
You south america bros bringing the truth abiut btc encouraged me to to buy so thank you and I hope your country can get out of this mess

>>25670044
>take loan out in BTC because $ is worthless
>Still use $ to pay it back but cant because you need way more dollars
You aboslute fucking retard. What you have actually just done it highlight the importance of a low inflation and why high inflation is horrendous. You are so stupid, you cant even realise your own argument actually makes your position less valid.

>>25677186
Youll bend the knee some day.

>>25671050
Here's some normie sources. The idea has been floated, and it will happen eventually.

https://www.reuters.com/article/us-usa-fed-jacksonhole-carney/world-needs-to-end-risky-reliance-on-u-s-dollar-boes-carney-idUSKCN1VD28C

https://www.scmp.com/economy/china-economy/article/3110573/china-dumps-us-treasuries-fifth-consecutive-month-sending

https://www.americanexpress.com/us/foreign-exchange/articles/could-dollar-be-replaced-as-world-reserve-currency/

>>25673975
>you trust the banks
False

>>25668262
you don't need an economy for what you're not buying. Basically you're advocating for the creation of stupid bullshit for stupid bullshit's sake because
>big number good number

>>25665921

Fuck, this is one of the best first best posts I've witnessed in over 10 years of channing.

>>25669658
BAAAAAAAAAAAAAAAASED
IT
IS
INEVITABLE

>>25670318
your premise makes no sense. if you're taking the loan out using the btc as collateral the loan gets paid back in whatever currency you received.

if I use my house as collateral for a loan that doesn't mean the bank wants to be paid back in houses. you settle on a notional value of the asset to be collateralized and then you pay back in whatever currency the loan was paid out in.

>>25669619
>what is the 6th mass extinction
>what is income inequality worse than the french revolution

>>25665527
>a deflationary currency is a bad thing
False, really fucking false. This jerkoff probably this mmt is based in sound principles and thinks centralized planning is the best way to run an economy.
https://m.youtube.com/watch?v=5TELYlmgfdY

>>25676768
yep. bought in 2014 for $230k, could sell right now for $300k or more right now. it's like this literally all over the US.

>>25666377
Based non Keynesian econ anon. Fuck all of you commie econ fucks in thisthread who made your country poorer

>>25667456
YESSSSSSSSSSSSSSSSS

>>25667476
chapo check

I didn't know how to describe this properly until I read Positive Disintegration by Dąbrowski. These people exist on the evel of primary integration and never ascend past a uniform disintegration. Taleb does a good job of describing the symptoms ("expert problem") but never quite hits thid nail on the head. If you ever wanted to sum up everything shitty about leddit here it is.

>>25665527
>>25666916
Sauce on this bread?

>>25665527
explain to me why gold, the literal standard against inflation wont boom out of control?

>>25665527
BTC is nothing, it's air owned by criminals and "whales" who use it to launder cash and fleece NEETs of their neetbux. USD is depreciating, so what? That just makes our exports more competitive globally and the concomitant inflation means we are paying our long term debts off with money that is worth less than what we contracted for originally, which is why smart people buy houses while NEETS live in someone else's basement waiting for a "moon mission". The USD can only go so low, the Euro is the only genuine competitor to the USD and the EU just waived goodbye to Britain, one of the largest and most important economies in the eurozone after Germany and France. Others will follow very soon. No other currency is liquid enough than USD to compete and no equivalent economy is transparent enough to inspire confidence (China). We can print to infinity and global cucks will buy our assets and treasuries because they have no other place to go. That can last for decades, centuries even. It was true of the Pound for hundreds of years.