And they then borrow more money to pay the interests?How is this different from what Madoff did?
Capitalism itself is a ponzi scam, but only big banks are allowed to lend money.
>>61216207thisMarx was fucking rightIt's a shame that america won the cold war, imagine what could have been
Madoff didn’t have aircraft carriers
>>61216243>it's not a ponzi because muh mutt carriersmutt IQ
>>61216169Congrats on figuring out what every 82 IQ poster in /pmg/ already knew for years
>>61216169Its just money. Its all made up
isn't it a bit weird that banks issue the money and then are owed the money they issued
>>61216169Because this allows the free market to control the value of a government like it’s a business not a democracy, and basically your a giant fucking commie fuck if you don’t like free market capitalism
>>61216748But they owe the money they issued as well to its rightful depositor.
Capitalism has nothing to do with banking…quite the opposite
>>61216837I disagree, the supply and demand of money itself is quintessential to capitalism.
>>61216225North Korea is really popping off with their fantastic commie system
>>61216837>Capitalism has nothing to do with banking…quite the oppositeElaborate. Isn't lending and banking how capitalism became a thing?
And then they sell their gold and go all in on Bitcoin to dump the value of USD and scam lenders out of compensation value.
>>61216627Better late than nigg.. i mean never.
>>61216848The whole point of capitalism is that it isn't centrally planned, and yet all these "capitalist" countries have central banks that determine interest rates instead of the market.
>>61216938>The whole point of capitalism is that it isn't centrally plannedwhere the fuck do you people get your definitions and ideas? the point of capitalism is to make money by investing money. do you know why is it called "capitalism"?
>>61216938No, the point of capitalism is that capital finds the path of least resistance to create more capital, leading to child labor and company stores - and somewhere along the way the average person's average quality of life increases slightly.
>>61216969>>61216974What is the most important commodity price in capitalism?
>>61216985what is it? why would there be a single one? doesn't it depend on the particular business?I'd guess private property is far more important than whatever thing you are thinking of
>>61216938I think you’re confusing political ideologies and economic ideologies. You can have authoritarian capitalist regimes and you can have decentralized communist regimes.
>>61216985>>61217188its the price of money (interest rates)
>>61217333Checked. This anon gets it. And the central bank sets the price of money. "Capitalism" my ass.
>>61216882When central entities debase the currency, it's not capitalism
>>61216169Because debt is tied to land so if you conquer another country you have to pay their debt, so we've achieved world peace by getting every country to max themselves out on debt
>>61217359We had arguably “decentralized” capitalism where market participants directly set market rates under LIBOR. This was abused and collapsed the global economy so we’ve moved to a regime where the benchmark rate is set by the government. It’s still capitalism, both flavors.
>>61216169It isn’t. You also don’t have to do this at all. The government could just choose to issue and destroy money to match demand for money, which is nothing more than a way to transact value. This is what Hitler did.
>>61216169Madoff didn't have an army of soldiers willing to bayonet somebody in the ass and televise it on TV. That seems to be the secret recipe.
>>61217333>>61217359>>61217362>central banksanons... I'm no expert, but AFAIU, central banks provide money to banks. that's their whole job.banks are capitalistic entities. they are regulated, but only to protect the stability of the system. they buy fake money from central banks and charge interests for that. things have become such that banks follow the central banks because otherwise they could go bankrupt if they do stupid shit.sure, central banks end up controlling the whole system to some degree, but... so what? capitalists will be happy for as long as the money keeps flowing in their direction. it's even better if they know if and when money will keep flowing to their pockets. they just fire people and reduce production whenever things will go down.why do you keep mixing shit up? why do you think capitalism = anarchy? where do you faggots lean this retarded shit?
>>61217445Yeah well fuck fake or real capitalism anyways. Go get a haircut.
>>61216848No, that's monetary policy. capitalism is just a system of private ownership, firms and markets. You can have money and hence monetary policy without capitalism. it is not quintessential to capitalism.
>>61217469Please explain to me the “monetary policy” of Bitcoin. Who sets this policy?
>>61217469Why do you need property?Every works 30 hours a week and thats it. Retire when theyre 50 you ask for too much guy. You know the rest.
>>61217503What the fuck does Bitcoin have to do with it? There is no monetary policy for bitcoin, because it is not money. Bitcoin is a digital thing with properties which can change over time.
>>61217537>it is not moneyThen I think you're ignorant and you must think only government issued currencies are currency, and we have nothing further to discuss.The exchange of money in the free market has everything to do with capitalism. If the dollar falls so do corporations which based their balance sheets on the dollar, including commodity producers, and entire markets implode. "Monetary policy" is simply government intervention in the supply and demand of a currency, in the absence of a government markets tend to self regulate, banking originally arose from private families conducting trade between merchants and city states and the church and the fractional reserve methodology they used to do that.
>>61216759>its rightful depositor.
>>61217871If you want to be pedantic, it’s rightful liability holder sure.
They just simulate what madoff did, it is just a simulation.
>>61216225
>>61216969correct, but money exists with or without bankstherefore capitalism exists without banks
>>61218090Banking and the structure of banking is central to how a capitalist economy functions. Simply by virtue of banking and currency also existing outside of capitalism does not mean it is not central to capitalism. Just because I slept with your mom last night doesn’t make me your Dad, you see?
>>61216225Communism is retarded because it's a global project, there are simply people who can't be helped. If you want to see what globalist socialism leads to look at the way former nationalistic socialist Scandinavia is doing after dropping nationalism in favour of globalism around the 80-90s. Hint, nothing has improved because of foreigners and the current system set up in a nationalistic age is collapsing under the weight of the global citizen.
>>61216985teenage pussy
>>61218090I never said capitalism cannot exist without banks. but banks are the prime example of capitalism: you give money to people or orgs and expect them to give you more money in return.also, jewish lending is basically how capitalism was born in the first place.
