>interest rates are high nowOkay, what interest rates? The rate on my Credit Card? My savings account? My car note? How in the blue fuck is there a general "interest" rate? Where can I refer to this number? Is it posted and updated on City Hall? On the news? And what does this rate effect exactly?
30 Day SOFR
>>59231584>what does this rate effect exactly?It effects everything and it is all decided by this man. To find out the current rate you may have to ask him directly, his cell phone number is
>>59231584The federal interest rate. Other rates are based on it. It was recently ~5% but is going to go down to 3% and hold there indefinitely if they really do what they say they're going to do. And because everybody is realizing changing it, particularly raising it bucks everybody's shit up. Mortgage rates and loans in general are usually 2% higher than the federal rate. If federal rate is low people tend to loan money more and businesses get started and ventures are taken. If the raye is high people do not do so as much because you are paying out your ass in interest.
>>59231664WELL WHY DIDN'T SOMEBODY FUCKING SAY THIS
>>59231664>The federal interest rate; Mortgage rates and loans in general are usually 2% higher than the federal rate.And how does this exactly affect me, a poorfag?
>>59231690People are niggers with borrowed money, anon. Lots of unprofitable companies spend more money that isn’t theirs. Lower interest rate=more incentive to spend money NOW. This might not directly affect you as a consumer, but it will have second order effects on everyone
>>59231584Interest rates go down = cheaper loans, loans are easier to pay back than before, which means people will take more risks
>>59231674should have paid attention in school dumb dumb
>>59231584basically the economy runs on scamming the next guy and skimming off the top whenever you can, so everything has a cascading affect from the banks all the way down to you and me. When the news talks about the "the interest rate" they're talking about a number recommended by some old jews that every bank and money lender will reference when calculating their own interest rate. Then if the interest rate is low, it really helps corporations that borrow tons of money all the time. The difference between 3% and 5% really adds up when you get to loans that big. Companies that are borrowing money to run their bullshit businesses are hoping for low interest rates so they can stay afloat longer
Anyone else find it bullshit that we have privatized money creation?Banks create new money when they issue loans (against a percentage of their deposits). Lower federal interest rates means more loans, more new money and in this way the fed "controls" the velocity of economy.I guess the idea is that private banks will issue new money in the most efficient/fair fashion but it still seems like a Jewish scam to me.
>>59233686>it still seems like a Jewish scam to meAnd you would be right. Read Manifesto for the Abolition of Interest Slavery. The revolution described in the book was fully realized when the NSDAP seized power in the 1930s. It took the largest war in human history to stop them from giving more people around the world funny ideas like getting rid of usury completely.
>>59233686>>59233892As an addendum to my post, the principles within this book remain the same 100 years later. NSDAP proved you can run a modern industrial economy without usury whatsoever, empowering the hard working men and getting rid of the parasites. All it takes is courage and will, and I hope that my brothers on this board see the wisdom in seeing this distant dream realized.Crypto is a stopgap. The criticisms levied against gold by Hitler and the NSDAP apply the same to Bitcoin, Monero, and other gold replacements. Gold, along with crypto, divorces the people from the money creation process, and allows outside forces to determine the economic fate of a free people. The NSDAP had a corvee arrangement with their labor-backed currency where each man was conscripted for 6 months in a labor force upon the age of 18, where they were paid in freshly printed Reichmarks. This is how the Autobahn was famously built. Basically, they pegged the value of their currency to an hour of unskilled manual labor. It would be an infinitely more fair arrangement than the Jewish usury scam that is the Federal Reserve. Same with BTC. Why should I pump Michael Saylor's bags?
