What went wrong?
>>522612682>What went wrong?Money printing allowed the state to spend money it didn't have.
>>522612682Stopped being backed by gold the end of the Bretton Woods system that ended the gold standard which caused the stagflation of the 1970s and the oil crisis is why we have inflation to the degree with have it and with that comes asset price inflation and the wealth inequality that comes from it
>>522612731>our governmentit's not thoughit's government services providers masquerading asremove all papal and british territorial corporate and talmudic influence and overnight there will be peace and prosperity
>>522612682Fiat currency. Not backed by any actual physical tangible valuable or resource. Instability based on economic “decisions”. Speculations. And as one anon pointed out, reckless spending and printing. WE NEED TO GO BACK TO THE GOLD STANDARD
>>522612682
>>522612731The state is a currency user, not a currency issuer. Federal Reserve banks are owned by their private member banks, not by the government. The Treasury has a bank account, the TGA, held at the Federal Reserve Bank of New York, in which it collects all taxes and from which it spends all ‘money.’ When Treasury spends out of the TGA, e.g. to buy a jet from Boeing for the DoD, the NY Fed deducts the amount (e.g. $100,000,000) from the TGA and adds it to the reserve account of Boeing’s bank, e.g. JP Morgan, and that bank then credits the amount to Boeing’s demand deposit account at that commercial bank. The ‘money’ only becomes spendable when a commercial bank credits spendable deposits. Reserves can only become ‘money’ when withdrawn as physical cash, during which your commercial bank simply exchanges its own Fed deposits for physical Fed notes and deducts the amount from your demand deposit account (the amount your bank owes you).
How did it actually go back up from around 1918 to 1930? What happened there?
>>522613103/thread
>>522613159What is the endgame of a system like this? What will ultimately happen to the Yankee/American economy? Will this ultimately crash and burn?
>>522613595Ultimately we will default on our payments and our natural resources will be taken to pay off our debts. It's either that or we have war and everyone who is owed debt has to deal with never being paid back.
>>522612682>What went wrong?
>>522613828The most likely scenario is just that the US defaults and then the currency is worthless and the world economy tanks for decades after
Go woke, go broke.
>>522612731Money printing as a term does not even make sense in a free floating currency paradigm. It refers explicitly to having a fixed exchange rate like the gold standard.The government creates money when it spends, destroys money when it taxes. It just credits and debits accounts. "Money it doesn't have" is nonsensical.>>522613828The US is not going to default. It can always afford it because it is the sole manufacturer of that which the debt is denominated in.
>>522613254Interwar industrialization. The US ha its "China boom" at these years.
>>522612682Retardation in jewsa went up as the burger shekel goes downCoincidentally, the amount of good goyim when up as the burger shekel went down.
>>522614471>It can always afford itThis is patently untrue and becomes less true with every year.
>>522614962Stop and think.What is the debt denominated in? Dollars. Who makes dollars? The United States government. The US does not need to "acquire dollars" or "earn dollars" first.
creation of new money is based on creation of new debt
>>522614471The U.S. federal government has no more say in how many dollars are created than your neighbor Bill who just bought his fourth jet ski on a 480 credit score. Our government has a bank account with a privately-owned bank. They are currency users just like us. The banks are the currency issuers.
jews and boomers, same as always
>>522612682Nothing. This is how capitalism works.
>>522612682>weaponizing the dollar>surprised people are ditching the dollar
