/biz/ - Business & Finance

[Anonymous No.54111539]

>ruins an entire generation of investors

https://www.youtube.com/watch?v=jMjtZuPJca4

Are we ever going to move past gold-salesman propaganda or should I just accept that most normies are flat eathers for economics?

[Anonymous No.54111562]

>>54111539
This is the most midwit video I’ve ever seen

[Anonymous No.54111636]

>>54111562
DONT MESS WITH MY MONEY, RED SHIELD!

[Anonymous No.54111765]

>>54111562
Infotainment is incredibly powerful. It's both pleasant to watch and it gives people an unearned sense of superiority by making the viewer feel like they have obscure knowledge in whatever subject they're being indoctrinated into. John Oliver is a really good example, pic rel.

[Anonymous No.54112005]

>>54111539
Anyone buying gold should be rich
It’s never going to make a poor person wealthy unless they find a huge deposit of it on their property

[Anonymous No.54112105]

>>54112005
>It’s never going to make a poor person wealthy
Gold is an ideal store of wealth, so yeah, with enough saving it can make any poor person wealthy.

[Anonymous No.54112110]

>muh IOU muh gold
I remember showing this video to my friends when we were kids thinking it was like groundbreaking stuff.

[Anonymous No.54112124]

>>54111539
The problem with chud media is that their aversion to higher education leads to them missing out on learning the fundamentals of art and design that would make their propaganda innately pleasurable to consume the way lefty MSM shit is so you end up with crap like OP's link or any of the nightmarish 3d animated series that churches make to try and indoctrinate more children

[Anonymous No.54112192]

>>54112124
>chud media
This was made at a time where opposing the banking system and the Fed was a "liberal" thing. Think occupy Wallstreet.

How times change.

[Anonymous No.54112195]

>Doesn't name the Jew
Worthless

[Anonymous No.54112261]

>>54112105
Gold prices are incredibly volatile and often underpace inflation. Stocks, meanwhile, not old store value but appreciate in value. This is what makes a poor person wealthy. I don't know what's up with this idea that you'll be able to buy a house with a gold coin. It's never happened before in history no matter what happened to the currency. In countries like Argentina where their currency is getting destroyed, they still have houses, food, etc working at appropriate prices; and they just use dollars to not lose money to inflation. Empirically speaking, there is very little difference between storing money in gold and storing money under your mattress.

[Anonymous No.54112324]

>>54112261
Stocks do not always appreciate in value. You are gambling and claiming everyone can win. The only thing that reliably produces wealth is labor; anything else is an attempt to gain the fruits of the labor of others for free.

[Anonymous No.54112356]

>>54111539
This video is so full of shit. The fed isn't 'privately owned' in the sense that the people pretend it is since the fed's shares can only be redeemed at par price, they don't benefits for the fed profits, and the governance is done by a board of directors, which is a public entity.

[Anonymous No.54112605]

>>54111539
Is this the old video with the fake Jackson death quote? I think I recognize the art.

[Anonymous No.54112723]

>>54111539
>huwite protags

[Anonymous No.54112765]

>>54111539
This thread was financed by Federal funds.

[Anonymous No.54112769]

>>54112261
Stocks are down 60+% retard

[Anonymous No.54112793]

>>54112324

[Anonymous No.54113267]

>>54112769
In what universe?

[Anonymous No.54113494]

>>54111539
It did its job, it created a generation of bagholders.

[Anonymous No.54113731]

>>54112324
>The only thing that reliably produces wealth is labor;
No. There are three things that are reliably producing wealth : Labor, capital and land. Stocks are capital. If you're diversified enough stocks are producing wealth on the long term.

[Anonymous No.54113842]

>>54113267
Mine

[Anonymous No.54114688]

>>54113842
I'm sorry.

[Anonymous No.54114722]

you missed the whole point

[Anonymous No.54115371]

>>54112356
The board is picked from members the private banks choice
It’s not public and they will tell you they’re independent and outside the control of all govts
The member banks make profit, not the main fed
There’s many more benefits to them including connections and access
The fact that the fed had never had an open audit should tell you they’re most likely skimming money off the top. There’s literally no checks or balances on them

[Anonymous No.54116521]

>>54115371
The nationwide fed's board is appointed by the president with approval by the senate. Also they are audited literally every year. Look up what "audit the fed" is really about.

[Anonymous No.54116525]

>>54111765
aside from the content of the show itself, i always found something 'off' about how things were presented. this explained it perfectly, thanks for sharing.

[Anonymous No.54116596]

>>54111539
Man now that's nostalgia. I remember when my older brother made me watch this.

[Anonymous No.54116618]

>>54111562
It’s designed for midwit NPC’s but the info is true, they should have included the JQ though

[Anonymous No.54116663]

>>54112195
>Rothschild is the scary shadow big bad
it basically does imo

[Anonymous No.54116682]

>>54111562
This video is peak Reddit, or at least when it came out. Zoomers and young millennials don’t have attention span for this shit anymore


Fractional reserve banking has led to a greater quality of life improvement for mankind than almost any other invention , idea, or concept. Deal with it.

[Anonymous No.54116811]

>>54111539
The earth is flat and immovable retard
>inb4 nasa cgi

[Anonymous No.54116857]

>>54111765
is this the pilpul pol warned me about?

[Anonymous No.54117268]

>>54111539
Back in high school this kid convinced our do-nothing economics teacher to play this video for the class. I still cringe thinking about it

[Anonymous No.54117285]

>>54117268
Like I said midwits love this video kek

[Anonymous No.54117318]

>>54116682
> Fractional reserve banking has led to a greater quality of life improvement for mankind than almost any other invention , idea, or concept. Deal with it.

For Jews only.

[Anonymous No.54117359]

>>54115371
When the fed is not independent, that's when inflation is out of control, you can see it in turkey nowadays. The FED governance is best in the hand of technocrats with a mandate than in the end of politicians trying to be as popular as possible while having a limited understanding of economics. It's a topic that has been studied from real world experience.
It doesn't mean that bankers are creating inflation and deflation to ruin people, like they said in the video, empirical data show it's the opposite.

[Anonymous No.54117390]

>>54111539
This stuff is great and should be must a watch for children in school. I watched this before, but for adults a better documentary is The Money Masters.

[Anonymous No.54117409]

>>54111539
This and freedomtoons are some of the most boomer mentality libertarian shit I stg

[Anonymous No.54117455]

>>54117359
yo wtf so you be saying the FED is tryna help people n shiet the whole time? damn bruh

[Anonymous No.54117523]

>>54117455
That's their mandate and they're doing it pretty well if you see what was happening before the FED was created. I know it can be disappointing for people looking hard at external factors for their own failures in life.

[Anonymous No.54117557]

That's their mandate and they're doing it pretty well. Just look at what was happening before the FED was created. I know it can be disappointing for people looking desperately for external factors as an explanation for their own failures in life.

[Anonymous No.54117569]

>>54112356
>This video is so full of shit. The fed isn't 'privately owned'
so why does it have private shareholders then?

[Anonymous No.54117700]

>>54117569
The fed doesn't have shareholders. It looks like it does and it confuses the midwit. Members banks own 'stocks' in the regional feds that gives a fixed dividend and cannot make market profit on their shares because shares are always bought and sold at the same fixed price. It's misleading to call members 'shareholders' because the shares they own have nothing in common with shares in a regular company.

[Anonymous No.54117816]

>>54117700
who cares about dividends when you basically control the entire economy of a nation and create the money that pays the politicians? There are probably a thousand ways for the private shareholders to profit and benefit but it's about the power not making money, making money is nothing to them.

[Anonymous No.54117886]

>>54117700
https://www.youtube.com/watch?v=iFDe5kUUyT0
Thoughts on this video? Is it for midwits too?

[Anonymous No.54117889]

>>54117816
As i said they don't 'own' the FED. The governance is done by the board of governors, according to a mandate. The governors are technocrats, they apply the mandate of the FED and that's it. They don't work for the members in the way that employees in a company work for the shareholders of the company. It works better than when the monetary policy is done by the government : >>54117359

[Anonymous No.54117971]

>>54117886
Well I don't know if this is for midwits but what they are saying is clearly not true when they say that the members are making a profit, at 21:15.
So yes I suppose you could say that it's for midwits.

[Anonymous No.54118015]

>>54111539
the movie Pi did more to ruin investors than this

[Anonymous No.54118031]

>>54117971
>Well I don't know if this is for midwits but what they are saying is clearly not true when they say that the members are making a profit, at 21:15.
>So yes I suppose you could say that it's for midwits.
how did you know to respond to that exact portion with an exact time stamp so fast?

[Anonymous No.54118080]

>>54117889
so you actually believe that it's all on the level with the bullshit narrative they feed you and not just complete window dressing? You believe that a system that was designed and implemented by a small cartel of international bankers and their stooges is free of corruption and in the best interests of the people although everything else about these people is in the interests of pure greed and their conspirators? Who's the real midwit?

[Anonymous No.54118135]

>>54118031
There is a preview window in youtube when you pass the mouse over the time bar. It was pretty clear when the conclusion of the argument was. I already heard the rest of the argument many times.

[Anonymous No.54118208]

>>54118080
I'm not saying the system is perfect. But the whole argument of 'look Rotschild and the bankers have a 300 years plan to rob us all" is obviously bullshit. I think the FED was created for good reasons and I don't think that there is a conspiracy of jewish bankers.

[Anonymous No.54118212]

>>54118135
Will the federal reserve system ever fail?

[Anonymous No.54118334]

>>54118208
Doesn't have to be a group of Jewish Bankers but it's definitely a cabal. I remember when people used to call us midwits and make fun of us for talking about a shadow government, now the term Deep State is commonly discussed. The Fed is no different.

[Anonymous No.54118357]

>>54118212
Maybe, but if it's fail it will likely because of the government unchecked spending. Again the FED is just applying its mandate, it only sees inflation and employment. It doesn't control how much the government spend and how much the government can borrow.
Maybe this should be controlled by a board of governors too.

[Anonymous No.54118398]

>>54112192
this
>>54112124
if you can't see the stylistic similarity between the OP vid and Family Guy, then you don't know what you're talking about
it's exactly the same as all the normalfag garbage cartoons

[Anonymous No.54118402]

are we seriously defending reserveless banking?

has /biz/ really stooped that low?

[Anonymous No.54118417]

>>54118334
You can have a deep state without a conspiracy or a 'cabal'. The 'deep state' is just a name for technocrats who think they know better than the government. And most of the time they know better, but it's true than in a democracy they shouldn't try to influence the elected officials. People point fingers at imperfections in the system and present this as proof of a conspiracy.

[Anonymous No.54118487]

>>54118417
What yt videos or books would you recommend a brainlet to economics?

[Anonymous No.54118555]

>>54116682
It's actually shocking that someone could believe this.

Imagine giving the credit that CAPITALISM deserves over to the kike-corrupted fractional reserve system they use to destroy capitalism.

Midwit.

[Anonymous No.54118579]

>>54118417
Classic goal post moving. You're probably the kind of retard who would have denied there was any form of shadow government a decade ago. In another decade maybe you'll realize that it was, in fact, a cabal who enslaved you and ruined your future.

[Anonymous No.54118594]

>>54118417
>You can have a deep state without a conspiracy or a 'cabal'. The 'deep state' is just a name for technocrats who think they know better than the government.
This is honestly a distinction without a difference. The technocrats are the cabal and the cabal are the technocrats.

[Anonymous No.54120128]

>>54118594
I'd take technocrats over US politicians any day of the week. Especially now that people seem to think that science and experts are always wrong, politicians are trying to be as dumb as possible to be popular, it cannot be good.
I think only people with PhDs should be allowed to vote.

[Anonymous No.54120172]

>>54118579
>muhh le satanic power hungry pedo banker

[Anonymous No.54120430]

>>54118402
>>54118555
Not an argument.

[Anonymous No.54120502]

>>54116682
>Fractional reserve banking has led to a greater quality of life improvement for mankind than almost any other invention , idea, or concept. Deal with it.

I wonder who's behind this post.

[Anonymous No.54121193]

>>54117700
So what does the dividend do? Why is it given?

[Anonymous No.54121346]

>>54121193
https://www.richmondfed.org/-/media/RichmondFedOrg/publications/research/economic_brief/2016/pdf/eb_16-02.pdf

[Anonymous No.54121501]

>>54118398
Your eyes are garbage then

[Anonymous No.54121710]

>>54112324
buying a house will always let you rent it out. even if the property value collapse

[Anonymous No.54121740]

>>54118555
what is the alternative to fractional reserve banking? full reserve banking? how would that work?

[Anonymous No.54121807]

>>54120128
>t. has never worked with PhDs
The geniuses are few and far between. The majority are overeducated midwits with superiority complexes which reinforced blind credentialism at the expense of actually good ideas. This is coming from me who actually sees value in a doctorate, but it's for academics, not bureaucrats.

[Anonymous No.54121826]

>>54121740
that's simple, you just have banks that store and facilitate the use of your money securely in exchange for a convenience fee
in such a case savings would be a totally separate thing from investing, which would still be a thing you can do if you want to gain passive interest

[Anonymous No.54121861]

>>54121501
>he didn't notice the random interjections of stupid pop culture references
Family Guy pioneered that shit. 100% the creator of OP vid watched Family Guy.

[Anonymous No.54121888]

reserveless banking is clearly hypercompetitive to the extent that it pushes out "more responsible" forms of banking - those "more responsible" forms take the limelight when the ponzi finally breaks, but this is only temporary until the good times fuel another period of excess that leads once more to reservelessness - how to fix? this is a thermodynamics question not sociopolitical

[Anonymous No.54122044]

>>54121861
>>54121826
>>54121807
>>54121740
>>54121710
Let's make bank

cos dot tv/videos/play/42961585568781312

[Anonymous No.54122097]

>>54121826
The industrial revolution would have never happened in that case. The deployment of large amounts of capital stimulates economic activity and create wealth. If you are an entrepreneur you need money to start your activity. If banks weren't printing money only a small fraction of the businesses would be financed and the economy would grow at a snail pace. America would still live like in 1780

[Anonymous No.54122139]

>>54122097
>people are unable to do anything unless money is printed

Zogged brained retard

[Anonymous No.54122159]

>>54122139
incentives for activity = more competitive

[Anonymous No.54122200]

>>54112192
obligatory pic related

[Anonymous No.54122266]

>>54111539
>most normies are flat eathers
If that were true the world would be an infinitely better place

[Anonymous No.54122321]

>>54122159
how much sacrifice should the people of the present be expected to make for the future?
growth is great for innovation of course, but we also have people whose lives suck right now
i'd be fine with progress going a few percentage points slower if it means it's not being built on the backs of millions tricked into grinding themselves into dust to feed the machine faster

[Anonymous No.54122390]

>>54122139
The whole point of banking is to deploy capital where it's needed. If banks keep all the money then nobody is able to start an enterprise unless they already have loads of funds. Old people would hold to their gold which would sleep in their vault until they die. Instead of starting the activity right away you would need to wait for the old guy to die and hope that his children would have the energy, intelligence and drive necessary to start a business. It's not realistic. It's literally middle ages forever. That's why interest rates were invented, to incite old people to give away their gold to people that need it more.

>>54122321
Without fractional reserve you think you would be richer and work less? How naive, you'd be working the land of some rich guy for a bowl of soup. The 'machine' is creating wealth, which translates for more comfort for humanity.

[Anonymous No.54122491]

>>54122321
I'd be fine with it too, but unfortunately high speed growth is extremely competitive in the short term and successfully compounding those gains equates to long term dominance. in a battle for survival, fairness is a luxury. it's an ideal that has only gradually been made possible through the arbitrage of extreme competitive advantage

[Anonymous No.54122691]

>>54112110
Somehow it's pathetic that you were obviously sharper when you were a little kid.

[Anonymous No.54122724]

>>54116682
Post nose

[Anonymous No.54122726]

>>54117700
So what you're saying is that it does have private shareholders aka it's a private bank.

[Anonymous No.54122771]

>>54120128
>It's not a conspiracy
it is
>Ok but it's not a cabal
it is
>Ok but i'd much rather be ruled by the cabal than politicians anyway!!

The amount of cope is cosmic.

[Anonymous No.54122903]

>>54122321
>i'd be fine with progress going a few percentage points slower if it means it's not being built on the backs of millions tricked into grinding themselves into dust to feed the machine faster
But that's what the fed is doing when it's raising rates. It slows down the economy so that people are not crushed by inflation. The role of the fed is to find a middle ground between no growth and unhinged inflation.

[Anonymous No.54122947]

>>54122390
The whole point of banking is to scam humanity with fractional reserves. Banking should have full reserves and not privately controlled by evil Jewish scum who do usury. Money should be tied to labour. Labour is what creates value and so long as the creation of value is compensated with money of equal value then there is no inflation since what is created is equal to the amount that is compensated. What we have now is an economy that parasites from the creation of value with bullshit services, products, taxation, entertainment, etc. If we focused more on true value creation and had our money tied equally one to one with what was created then everyone could enjoy wonderful standard of living. Of course Jews do not want this because it’s mean having to do honest work

[Anonymous No.54123801]

>>54111765
I like that post but I think Jon Stewart was an absolute gem for comedy.

[Anonymous No.54124044]

>>54122691
It has a good message, but essentially jumps the shark in explaining why us having a federal reserve helped make us the strongest economy in the entire world. I'm all for hating on big bankers and Rothchild/Rockefeller, but it tries to paint ye olde gold standard as something that was perfect.

[Anonymous No.54124349]

>>54124044
>but essentially jumps the shark in explaining why us having a federal reserve helped make us the strongest economy in the entire world
The reason why we had the strongest economy in the world was because two giant wars were fought all over Europe, leaving us the last man standing. We had a shitload of room, a shitload of opportunity, and a shitload of people that wanted to escape war-torn countries. Tell me that America becomes the global superpower it was if WW1 and WW2 never happened.

[Anonymous No.54124406]

>>54116682
factually untrue

[Anonymous No.54124422]

>>54116682
>>54111562
>reddit
>midwit
Jesus fucking Christ, you are both trying so hard to fit in. Let me help you make an actual argument.
>This video sucks, here's why...
Fill in the blanks, retards.

[Anonymous No.54124486]

>Makes thread complaining about how a 30-minute long animation from 12 years ago sucks
>Glowies come out of the woodworks actually defending fractional reserve banking.
End my fucking life please.

[Anonymous No.54124502]

>>54124422
Lmao midwit is assblasted

[Anonymous No.54124539]

>>54124502
I accept your concession.

[Anonymous No.54124566]

>>54111539
This video is good. It explains the issues simply, is fun to watch and just edgy enough for anyone to feel enlightened, without being in fear of getting called a schizo. If you think differently you are probably gay.

[Anonymous No.54124616]

>>54111539
The earth is flat and Jews are a pestilence.

[Anonymous No.54124970]

exited the video 15 seconds in
don't care about your chudcel boomer video
just make more money, sweaty.
also even if you luck out, you will always be a kissless virgin and no women will ever touch you even for multi millions

[Anonymous No.54125194]

>>54124044
You're mistaking the ability to stay up for days on methamphetamines, with increased production. You're correct, by the time frame there is great increase.

The real problem, in my view, is not that we can't go over to a Backed Currency. It's that any backed currency in contact with Fiat will be destroyed by the Fiat.
Just like Bitcoin is right now "pegged" to the US stock market in the mind of so many? Just like people still talk about 1 BTC being "worth" 20k USD. As opposed to 1BTC being worth a Tesla.

[Anonymous No.54125240]

>>54124044
>>54125194
I've also found one thing that Fiat does really well. Or should do really well, if it's done bona fidelis.
Fiat gives a nobody the equal chance, on his word being good, assuming he continues to keep it.
Assuming the game isn't rigged.

[Anonymous No.54125814]

>>54116682
>Fractional reserve banking has led to a greater quality of life improvement for mankind than almost any other invention , idea, or concept. Deal with it.
Survivorship bias.
You have literal slave labour supporting most of the luxuries you afford. Just because you can't see them you have third worlders literally killing themselves for you to turn around a praise a banking system that is designed the make like for the poor a living hell

[Anonymous No.54125997]

>>54117359
So your graph is saying that federal monetary policies is what makes strong economies and not the actual corporations that back it?
Lol

[Anonymous No.54126304]

>>54125814
Which nations are now in a living hell from having worked with US tech?
South Korea? Taiwan? Hong Kong? China?
Vietnam?
Are you sure you're not confusing local national preferences toward labor trends with eeeebil US "designs"?

[Anonymous No.54127130]

A lot of seething in this thread.

[Anonymous No.54127855]

>>54112356
Just because the ability to own shares is restricted to ginancial institutions doesnt make it not private. There are toms of private business that restrict ones ability to own shares such as family LLCs

[Anonymous No.54127876]

>>54116521
And those nominations must come from the regional bpard members all of whom are elected by the banks

[Anonymous No.54127971]

>>54126304
where did you get US tech from? He said luxuries, I assumed he was talking about the poor working and living conditions of counties that mine our minerals, gems, grow our coffee, cacao.

[Anonymous No.54128660]

>>54111765
>/pol/tard learns that comedic timing exists

[Anonymous No.54130258]

>>54111539
It's true in the sense that a gold standard prevents inflation through limitless money printing which is theft. Which is why every government on earth dropped it after the world wars. Citizens are cattle to be milked. Still a shit investment though.

[Anonymous No.54130518]

>>54118357
>the FED is just
niga u talk like u been to jakul ilsnad
get the fuck out

[Anonymous No.54131872]

>>54124486
Fractional reserve banking is a meme. Banks don't even lend out their reserves; and bank troubles are almost always due to problems with capitalization, not reserves.

>>54130258
Money creation isn't automatically inflationary. It's only inflationary when you raise demand to the point that it outpaces supply and causes bidding over a limited supply of goods and services. In practice, deficit spending can be incredibly effective at developing the economy and providing well-paying jobs to the populace.