/biz/ - Business & Finance

>>54146308
confidence in the monetary system collapses and capital flees into ________

>>54146308
We fucked six ways from sunday.

>>54146359
What does that mean though? What happens? Paper money becomes worthless? Society collapses? What will happen?

>>54146374
>Paper money becomes worthless
yes
>Society collapses
no
>What will happen
global financial renegotiation, aka Bretton Woods 2. I don't know what that will look like but I assume the narrative will be bankers vs commodities

>>54146308
>You vil KYC
>You vil submit ze biometrics
>You vil adhere to ze regulations
>You vil miss ze projects related to zis endeavour

>>54146308
They are insolvent, anon. They literally all have fewer assets than liabilities, by definition. That's how fractional reserve banks work.
And you want to hear the clowniest part? Caitlin Long tried to start a bank where they didn't invest your money, they just held it, and you pay an annual fee instead of having them gamble wildly with your savings.
And you know what happened? It got rejected for being "a threat to stability". A fully collateralised bank is a threat. Welcome to the Clownatorium. Build crypto.

joe biden goes on stage and says "well...THAT just happened" and does the harlem shake

>>54146328
capital? what capital?
it will all be gone retard

>he has no idea

>>54146374
We Build Back Better TM and create a new financial system based around holistic concepts like UBI and Social Credit Scores. Instead of a volitile money system, you'll simply be ranked on a normal distribution that allows you to access housing, food, and healthcare based on things like Being A Good Person TM and Carbon Negative Credits TM. Stakeholders will continue to own tangible assets, and you will be able to rent the latest fashions and electronics from them for extremely low prices.

Hold on tight because it's going to be awesome. Expect a few years of hard times before the final transition into having a free pod and bugs provided for you and tons of opportunities at social advancement through Good Citizenship TM and Stakeholder Engagement TM.

>>54146308
bitcoon goes to 2m

>>54146328
Bitcoin and Gold First, All decentralized assets follow

>>54146684

kike gonna get shot. social credit is tyranny. we have a foreign enemy government. THERE IS A HINDU JAMAICAN WOMAN in the white house. THEY ARE FOREIGN AGENTS. Social credit is a jewish scheme to protect their organized banking law and media crime racket.

Just kill jews and niggers, white men founded usa for white men., NIggers and jews can get shot. Bleed to death you fucking kike try shopping when your dead jew.THE GODS ARE HERE TO KILL YOU ALL KIKE

>>54146539
dollars != capital

>>54146308
>every single bank in the system
Well, nothing. We would just create more money. Only a few banks are allowed to fail at a given time

>>54146539
Real capital still lies in the hands of whoever possesses it and has the power (social, political, fire) to defend it.

LEOs can't ransack EVERY warehouse that decides to declare itself a co-op owned by the workers.

Money printer goes *BRRRRRRRRRRRRRRRRRRRRRRR*

>>54146328
bullets

>>54146684
That actually does not sound half bad, although what happens if ones Social Credit Score is too low?

>>54146308
No mo gibs, we can't have that.

>>54147541
We do not talk about what happens if ones Social Credit Score is too low. -5 points have been deducted from your account.

all politician and jews will be killed. they deserve to die for their heinous crimes against Americans.

Beep boop

>>54146308
print money and bail until they are