/biz/ - Business & Finance

[Anonymous No.13436467]

https://www.youtube.com/watch?v=iFDe5kUUyT0

Our entire monetary system is nothing but a form of legalized theft.

[Anonymous No.13436478]

people are dumb shit and take out loans for cars and other shit they dont need, no jewish conspiracy

[Anonymous No.13436495]

>>13436478
People talk about financial responsibility for people who take out loans but never financial responsibility of the lenders.

[Anonymous No.13436527]

>>13436495
lol what. if the lenders aren't financially responsible they will go bankrupt. the fuck? how low is your IQ

[Anonymous No.13436535]

>>13436467
>lend out money to a friend so that they can buy and use that new car they otherwise couldn't afford
>when they finally get around to paying me back years later I ask for that money back + 10% more because I didn't have use of that money this entire time
>friend accuses me of being a thief

[Anonymous No.13436545]

>>13436495
the lenders dont have a responsibility for the people lending, they have a resposibility for the company they work for

[Anonymous No.13436552]

>>13436467
that's a misunderstanding
money is debt it has always been debt since there is such a thing as denomination. but money is riskless debt or as close to riskless as you get with debt. it is disincentivized holding it via inflation. interest is only paid for taking risk.
>>13436478
this, increasing productivity or expanding means of production faster with debt is okay consumer debt is bad.

[Anonymous No.13436556]

>>13436535
did you both agree on 10% from the beginning? pretty high for a "friend"

[Anonymous No.13436559]

>>13436535
Your fault for not laying terms.

[Anonymous No.13436584]

>>13436527

So you're telling me the banks make bad loans/decisions, the bank will go bankrupt?

Did that happen in 2008? I can't remember anon. Remind me.

[Anonymous No.13436621]

>>13436556
>>13436559
I set out the terms which were agreed to ahead of time. 10% total (not apr) on a 3 year loan is not at all high. It barely beats inflation.

[Anonymous No.13436632]

[Anonymous No.13436641]

>>13436467
>>13436467
https://youtu.be/PHe0bXAIuk0

This video is the antidote to such dummy panicking perpetual IT'S HAPPENING retards who hate the Fed on principle

We can debate about how the Fed should be run or whether instead to use sound money, but you have to understand the goddamn fundamentals first

[Anonymous No.13436652]

The pic is true however if more people were receiving interest then they wouldn't have to work and then gdp would take a shit

[Anonymous No.13436653]

>>13436545
They do have a responsibility. The whole point of the arbritrary credit system is to avoid giving out risky loans. Even on good crefitors, they stand a chance of not getting paid back and taking a loss on the nose.
Stop being a beta-orbiter of Jews.

[Anonymous No.13436660]

>>13436467
Stop borrowing money for shit you don't need them you fucking retard.

Capital has an opportunity cost, why should you get a loan for free when the lender can just put in in treasuries yielding north of 2%?

[Anonymous No.13436677]

>>13436653
people want their cars, people need a loan to buy it, people get what they want, what's your proposal? not giving out bad loans anymore? you know what would happen then?

[Anonymous No.13436710]

This is incredibly ignorant. Like a conspiracy theory for children.
Anyone can buy bonds and get interest.
There's a wealth division because there's a wage division, and rich people invest more money. Now stop worrying and go back to playing fortnite.

[Anonymous No.13436733]

>>13436710
You should load up on bonds RIGHT NOW!

[Anonymous No.13436862]

>>13436677
Stupid people whine and bitch and then do absolutely nothing?