/biz/ - Business & Finance

we proved around 20 years ago that this means absolutely nothing

>>55764549
How many generations is that?
Let's define 1 generation as 25 years
2023 / 25 = 81 generations
You = 81
Parents = 80
Grand Parents = 79
Great Grant Parents = 78
Great Great Grant Parents = 77
Brain teaser: How many "Greats" would there be at generation 1?
...
Answer: 78! xd
Here it is spelled out. Your:
Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Grand Parents

>>55764553
>Quality of life significantly worse than 20 years ago due to monetary policies
>Hurr durr this number means nothing I'm smart!

>>55764564
Another fun calculation: the Earth is 4.54 billion years old
How many Earths would it be if the federal government went into debt by $1 for every year the Earth existed?
...
The answer is 7,180.6 Earths worth of daily debt increase of $1 xd
Pretty neat huh

>>55764581
Imagine spending money since before dinosaurs existed
Even before unicellular organisms existed
More than 7000 times over!
xd

>>55764549
Did you look at the liabilities too?
Imagine thinking this will ever be fixed ever.
I laugh at my former fiscal conservative self.

>>55764597
Now I leave this discussion to you all
What other fun calculations can you come up with?
Such as:
How many stars are there in the universe?
How many humans lived in the past 100 years?
Etc

>>55764568
>due to monetary policies
lol do monetarists really think this way? That the fed just decides these things and they aren't just downstream of larger geopolitical developments

>>55764549
Wasn't it 31 trillion six months ago? Taxes are going to go up again. I can't take this anymore, bros. The government is already taking 30% from my paycheck.

>>55764553
It does mean a lot actually.
>>55764568
The reason for this is the system that underpins the global economy, the Eurodollar monetary standard, is contracting/deflating, which is why the US is experiencing stagnation. It's only going to get worse. The world will have to eventually get off this crazy train otherwise we're all fucked but it won't happen except through severe pain.

Um okay raise the water bill by a dollar a day.

>>55764608
>unfunded liabilities =>100 trillion usd

imagine thinking this pile of shit inst a straight up ponzi scheme

>>55765779
We have been stagnating for ages now, it is just a game of what gets put on the sacrificial altar next to keep things going for a little bit. Whoops commodities boom, there goes the gold standard. Whoops it's still bad time to move all our production to china to keep prices down. Whoops the volcker shocks are gonna cause a debt crisis, hey japan your economy is gonna stall forever now so our bonds have somewhere to go. Whoops 2008 time for the jobs market to just be fucked forever. Whoops 2020 now europe's entire industrial sector has to get destroyed to save the us economy

>>55764549
The only people who think the debt actually matters are idiot who have not read and understand our laws aka you

>>55764553
It actually means we are getting closer to being Zimbabwe 2.0

>>55765849
>Americans possess 60% of guns
>still too pussy to go and assassinate and kill the people in power causing the problem
Lol
Lmao even

>>55765825
Those things you listed are only symptoms of the deflationary nature of the Eurodollar. It should have been killed off ages ago but far too many big money kikes have too much to lose. The only real viable challenger at this point is either returning to a SILVER standard (gold is too scarce) or going to something like Bitcoin or Dogecoin. (I don't even like crypto but it would work here)
Even a CBDC will only ever be a derivative of the Eurodollar so we'll end up back at the same problem, it won't solve anything.
We need people with real creativity and imagination to make it happen, but I don't think we have enough people of a high calibre left to make this a reality.
Biz is a fucking shitshow, I don't see this board making any difference in the wider picture.

Silver probably could work because people know about it, it's widely available/liquid, it has historic precedent, it's tangible, it's oooh-shiny, and right now it's ridiculously fucking cheap.

>>55765817
Unfunded liabilities don’t matter since you plebs shouldn’t expect a pension in the future. Current debt is tied to someone’s deposit account. Assets = liabilities.

>>55765901
Gold and silver are horrible if you’re going to base your money off that, especially silver. Crypto is junk digits that don’t mean anything. There’s nothing wrong with fiat.

What we need is deflation NOW and for the rich to get screwed.

>>55765901
>Those things you listed are only symptoms of the deflationary nature of the Eurodollar. It should have been killed off ages ago but far too many big money kikes have too much to lose.

Look up the 1971 oil crisis

>>55766172
You are fucking retarded. You're why I have no hope in this board to confront this issue.
Deflation can't happen as long as there is fiat you dumbfuck. "Their" solution has always been and will always be to print the currency to shit and then repeat the boom bust cycle.

Yes gold is bad but silver? Why the fuck are you raging against silver? It's the most workable means of exchange humanity has ever had. Crypto is as meaningless as fiat but with the added benefit of being fixed supply. You're stupid. Consider never posting here ever again, you'll never have anything useful to add to the discourse, trash.

>>55766258
>Deflation can't happen as long as there is fiat you dumbfuck.
Look at Japan, retard.
>print the currency to shit
Goldbug talking points, USD and CAD have been going strong for well over 150 years kiddo. If you aren’t from these countries then I guess you’re correct.
>Why the fuck are you raging against silver?
Lol read history zoomer, silver standard countries had their economies wrecked easily by gold only standard countries. Silver is GARBAGE.

Midwits like you need to read a finance textbook and learn 2 history.

>>55764553
It means nothing so long as you can back up the value of your currency via other means, which for most countries means their fiat just ends up being a proof of violence token. It's why debt exploding doesn't matter, there's just more money to buy more things with. Other countries get pissed and chimp out about it working well for the US and hardly as well for anyone else but that's why we don't have free healthcare.

>>55766287
>Japan
Stagnant economy, stagnant society, collapsed birthrates, now starting the immigration cycle. Way to prove my point, fucktard.
>USD
Is at the heart of the Eurodollar system, no shit that it isn't crashing yet, yet the US economy is still stagnant in spite of this. Again, proving *my* point.
>silver standard countries had their economies wrecked easily by gold only standard countries. Silver is GARBAGE.
If you're talking about Britain during the time between WW1 and WW2, then you may have a point, however I feel that is an isolated circumstance.
As I said, it has worked for a lot of history, it has precedent. Your alternative is fiat which is fucking stupid and talmudic, enough said.

>>55766337
Everyone that wasn't retarded moved away from precious metals as a way to back up the value of paper notes when the spot price of precious metals started being able to be manipulated like it is now. Rather than everyone playing the same game and getting fucked every time some jackass with a few billion in leverage came around everyone took their metaphorical ball and went home to make their own currency they could control. Unless futures and commodity trading gets extremely regulated in a hurry and people start going to prison or being bloodeagled for fraudulent trading on it, backing a currency with precious metals will be retarded. They are still incredibly valuable and I own some physical pm's myself, but there's a reason fiat is king and every country on earth that matters uses it.

>>55766449
When there was a gold standard, there was no spot price. Gold was used as money and countries traded in gold.

>>55764654
J.P. Morgan saved the US by giving 2 trillion dollars
>>55766287
Lol, the dollar is surviving because the US opened the stock market and gets money from the entire world