I dont fully understand the term "central bank". why isnt it just called international usury bank?
A central bank sells bonds (national debt) and determines interest rates.
because they're not like the mafia breaking legs if someone can't pay their debts, they are very milquetoaste low risk business loans which legally don't affect personal finances unless they've actually embezzled money or somethingall this hysteria over moneylending is retarded schizo nonsense, capitalchad bvlls are objectively superior to everyone else, liberal WASPs won the war against the monarchcucks (ww1) the war against the fascists (ww2) and the war against the commies (cold war) and each time their adversaries declared war on them and got their asses handed back, glazed, studded with cloves and spitroast, each time they were a momentary distraction on the whig linear progression of history towards AI turbocapitalism which you will live to see, they are unstoppable, they are the actual "master race"
>>535075863We can still have capital competition flourish with profits and business strategy, we dont need unpayable debt. but thats where we are now IG. the winners of the wars have decided for now
>>535075861This book explains all yew need to know.
>>535075865too palatable for normies so it must not be true
>>535075863Loans were forgiven every 7 years by debt jubilees. Because unpayable debts lead to things like war.>But... muh free credit card moneys? Will that go away?Yeah, and prices will deflate to accomodate the actual money on hand now.>But... will doofuses who take loans they can't afford get away it?Lender beware I guess. Don't give it away if you can't live with out it.
>>535075865>Lincoln, HITLER, kennedy, gaddafithey were all killed by jews
>>535075861it means that the bank and its investment wont collapsewhich is bad and monopolist
>>535075863
why do we call it a central bank when it's not even located in the center of the country? like in the US it's in DC and not in bum fuck no where Kansas??
Why does /pol/ keep seething over usury like it’s some kind of discovery? Capitalism is a machine that runs on the wheels of debt and interest. You can’t have the car without the wheels.Go back to the barter system if you’re so afraid of a little leverage.
>>535075861It centralizes power in the banking cartel so central bank seems appropriate.
>>535076594capitalism means that, like a representative republic, small pools of capital can be leveraged against malign financial actors no different from redresscapitalism doesnt currently exist
>>535076718Capitalism isn't a charity for small business owners or a representative republic.It’s a ruthless machine designed to scale. Complaining that big capital dominates the market is like complaining that gravity pulls things down. The malign financial actors you hate are just the most successful players of the game you claim to love.You’re just a romantic who’s mad the winners won.
>>535076594>Capitalism is a machine that runs on the wheels of debt and interest. You can’t have the car without the wheels.You're retarded.There's no need for interest ever. It is always extractive and evil.
>>535077158if you want to be incoherent pilpul contrarian, go to shitter
>>535077183Without interest, there is no incentive to lend. Why would anyone risk their capital for your failure for free? Interest is the price of time and risk. If you can't pay for the time you're borrowing, you don't deserve the capital. >>535077220TRUTH HURTS?
>>535077473jewdisgusting fucking rat
>>535075861why usury?time is money, so borrowing money costs moneyonly retards and commies pretend not to understand
>>535075861>why isnt it just called international usury bank?The Federal Reserve is not a "reserve" either.
>>535075861Hey, are you being antisemitic?
>>535075861>why dont subversive jews ever tell the truthgood question my nigger
Because they wouldn’t be able to extort developing countries like Libya to gain access to their oil by loaning them enough money to begin drilling, with a 35% interest rate. The IMF run by Jews is supposed to help developing countries. Instead, it creates indentured servants.
>>535077773if you don't like the rate, don't borrow save cash until you can drill your first well it will go easier from there on
>>535075862The government sells bonds. The central bank "buys it" With fake money. They charge interest rates on the fake money (aka stealing). So when JP Morgan greates fake money, it buys government bonds, so the government now owes money to JP Morgan. You pay for this with your taxes. This is why you can't afford a house, lumber has taxes, gas has taxes, food has taxes, salaries has taxes. All taxes are inflation. JP Morgan destroys the money it's paid back. They don't keep their fake money. But they do keep the internet. That's their profit. I mean it's a scam.
>>535075862FPWPIn the US the Treasury sells bonds. The Federal Reserve sets the short end interest rates. The central bank was supposed to be independent of debt issuance but that all changed when the system effectively collapsed in 2009 when the central banks gave themselves permission to purchase bonds (so the treasury issues them and sells them while the central bank prints money to buy them). What we have now is central bank printed smoke and mirrors. Trillions and trillions of dollars worth. It won't last, buy gold while it's still under $10k.
>>535078051>But they do keep the internet.Interest, not interestIsrael scrambling my words using CIA rays on my brain
>>535077473>Without interest, there is no incentive to lend.Plenty of incentives ranging from a simple altruistic aim to improve the lives of your kinsmen to profit sharing in a new business venture until the principal is paid off.>Why would anyone risk their capital for your failure for free?Doesn't need to be free, but ask the jews why they can get interest-free student loans and mortgages from each other.>Interest is the price of time and risk.False>If you can't pay for the time you're borrowing, you don't deserve the capital.Simply having capital is not grounds that you deserve more capital at zero effort.Again, profit-sharing, or fuck, even a flat periodic fee could be okay. But look at retarded 30-year mortgages, front-loaded interest so that if you make minimum payments you still owe half the principal at the 21-year mark.That's immoral.Fuck, your first year at 6% is 83% interest. There is no moral standing for such predatory lending, and all it does is artificially inflate prices because intentionally financially illiterate retards only look at the monthly payment instead of total cost.
>>535078517>simple altruistic aim to improve the lives of your kinsmenI'll come borrow from your next paycheck okay?you'll lend, right?to improve the life of a kinsman
>>535078564Imma need more details.If it's to remove the residual jews from Poland, sure thing.
>>535077898usury is jewish and antihuman same as fractional reserve banking >if you don't like the rate, don't borrow>changes interest ratesand jews deserve bullet in the head for it>Louis IX stated that only skilled clerics could conduct a disputation with Jews, but that laymen should plunge a sword into those who speak ill of the Christ.[28][29]>Pope Boniface VIII proclaimed the canonization of Louis in 1297;[57] he is the only French king to be declared a saint.[58] Louis IX is often considered the model of the ideal Christian monarch.[57]
>>535078767thank god you can refrain from borrowing at all the spirit of Louis IX will keep you safe from variable interest rates
>>535076594Free trade implies lack of usury, no? So it's not capitalism
>>535078517Risk IS effort. You are paying for the privilege of living in a house you can't afford today. If you hate the 30-year math, then buy the house in cash. If you can't, then stop acting like the bank is evil for charging you the market rate for a three-decade risk. You're not a victim, you're just mathematically challengedDeciding where to allocate capital and bearing the potential of losing it all is the hardest work in a high-tech civilizationIf you think lenders do zero effort, then go save up some capital and lend it out for free yourself. Oh wait, you can't, because you're busy crying about mortgages on an anonymous board instead of building equity lol
>>535078913i did but it didnt stop them for making me pay for their usury scam thanks to fiat money fractional reserve banking and inflation and sadly most people dont want to do exchange trade currently to avoid this so in fact all jews deserve bullet in the head for robbing me my whole life
>>535079060So Jews created an environment where you have to pay them your entire life, and that's "real capitalism" despite only existing for like 40 years
>>535079076>robbing me my whole lifet. I am a loser but it's not my fault and no, I won't do anything about it because jews>entire Gen Z
>>535079153Jews can just make a system without usury and mass illegal immigration if they want labor force participation
>>535079139>pay them your entire lifeyou don't have to buy from themjust don't buy, you won't need debt or money
>>535079226All of modern society is convinced they need to go into debt for Jews and they need credit. Literally not my problem
>>535079205apparently those same jews are paying you welfare to sit and bitch on the internet
>>535079153you cant even read you dumb kikei told you clearly i never took any loan my whole life but as long as i use currency thats part of fractional reserve banking scam im being robbed of the fraction of my money by bunch of kikes who think they are smarti do have all moral and legal rights to shoot you in the head now and take whatever you filthy antihuman criminals stole from me jewits simple self defence and i have no other means to defend from this scam which makes it legal
>>535079278I don't believe in welfare, id probably steal food to survive before accepting Jew money
>>535079326>shoot you in the head nowwith what? your ass?
>>535079372i have 2 legal guns thoand i guess you have no refutation about rest of the postkeep seething you jewish subhuman
>>535079027If I want to lend my money and you agree to pay a premium for it, that is the literal definition of a free market transaction. Restricting interest is the opposite of free trade, it’s price control. You’re arguing for regulation while calling it freedom lol
>>535079060>If you hate the 30-year math, then buy the house in cash.YOU ABSOLUTE NIGGER. I DID AS CLOSE TO THAT AS POSSIBLE. I PAID OFF MY HOUSE IN 5 YEARS. THE OPTION FOR A 30-YEAR, OR FRANKLY ANY PERSONAL LOAN OF ANY KIND WITH A TERM OVER 5 YEARS IS EVIL AND ARTIFICIALLY RAISES THE PRICES FOR SMART PEOPLE TRYING TO PAY CASH. THE OPTION SHOULDN'T EXIST AND THOSE WHO OFFER IT SHOULD BE PUNISHED WITH THE CRUELEST DEATH POSSIBLE.
>>535079468my refutation is that you're a whiny loser bitch and you won't do shit
>>535079481Adam smith, the alpha capitalist, said interest rates should be capped to prevent Jewish usury
>>535075861its central to jews
>>535079544>my refutation is that you're a whiny loser bitch and you won't do shitso in fact you admit you deserve it jew
>>535079139Dude... Interest and banking have existed since ancient Mesopotamia and the Medici era. Thinking this system is only 40 years old just proves you’ve never read a history book in your life. You’re just a peasant who doesn't understand the mechanisms that built the modern worldNobody is forcing you to pay anyone for your entire life. You can go live off the grid and barter potatoes whenever you want. You choose to stay in the system because you want the Smartphone, the internet, and the heated house that interest-bearing capital built.If you’re at the bottom of the food chain, don't blame the chain, blame your own lack of leverage.
>>535075861https://youtube.com/shorts/6ZElniu3CPo
>>535079751>Smith argued that at high interest rates, only reckless "prodigals," and high-risk speculators were willing to borrow. By capping rates, banks were forced to lend to responsible, "sober" people who used the capital for productive, reliable economic activities.Capitalism probably shouldn't have a central bank
>>535079751>Dude... Interest and banking have existed since ancient Mesopotamia and the Medici era.and all smart people were banning it because it always results in one huge mess plebbitor
>>535075863All jews will be exterminated.
>>535079534What a fool?? Long-term credit is what built the middle class and the very market liquidity you benefited from. You’re just a hypocrite kicking away the ladder after you’ve climbed it.You claim to hate 'evil' but you’re the one calling for cruelest death and state punishment for voluntary contractsIf 30-year mortgages artificially raise prices, then go build your own house from scratch with your bare hands lol Oh wait, you can't, because the tools and materials you used were also financed by the same credit system you're crying about. Your entire existence is a product of the debt you claim to hate lol
>>535079950>Banks put you in a box and feed you aren't you happy, here eat this highly processed slop that's gives you cancer made by illegal labor and shut up
>>535079950At what point do you tire of being dishonest on a tibetan yak breeding forum?
>>535079950>Long-term credit is what built the middle class and the very market liquidity you benefited from.>We should improve society somewhat.jpgWhat a retard>You’re just a hypocrite kicking away the ladder after you’ve climbed it.You're seething over me having no debts? >You claim to hate 'evil' but you’re the one calling for cruelest death and state punishment for voluntary contractsAbsolutely dimwit take. Do both sides at the negotiating table have comarable sway over the other?>If 30-year mortgages artificially raise prices, then go build your own house from scratch with your bare hands lolWhat incoherent babble. The price of the land itself is inflated by it.>Oh wait, you can't, because the tools and materials you used were also financed by the same credit system you're crying about.Have you ever had a coherent thought in your life? Are you afraid that the ceiling fan will blow all the air out of your room if you leave it on at night?>Your entire existence is a product of the debt you claim to hate lolIt is moral for a child fathered by a rapist to hate rapistss and want them executed.
>>535079845>>535079562Well? The world moved on, why haven't you? Adam Smith lived in a world of quill pens and wooden ships.Using 18th-century theories to manage a digital, global economy is like trying to fly a jet with a horse saddle lol Adam Smith also advocated for a lot of things that would make you cry socialism today.In short, Capping interest rates doesn't protect anyone; it just creates a black market for credit. When you cap the price of money below the market risk, the responsible people you’re talking about can't get loans at all because banks won't take the loss.
>>535080608The world actually didn't move on from Adam smith, Brits just lied to the whole world
>>535080030You’re crying about processed slop while posting from a device made by global supply chains that only exist because of the very capital you hate. If the system is a box, it’s one you’re too terrified to leave because you lack the skills to survive without it. Keep LARPing as a revolutionary while you enjoy the comfort of the civilization debt built for you lol >>535080157If reality hurts, go back to your yak breeding lol
>>535080908>You are posting from a device that 30 years ago nobody neededWow Jews sure are smart
>>535080435Stop pretending you’re an outsider when you’re just another cog that’s mad at the engine.You didn't 'beat the system' by paying off your house in 5 years; you just participated in it more efficiently. Of course the lender has more leverage; they have the capital you lack. If you want equal sway, provide equal valueA bank didn't force you at gunpoint to take a loan; you used the system's liquidity to survive and thrive, and now you want to execute the people who provided the capital.
>>535081259Who's paying banks any kind of money at all is my question. If they want to play global utopia with dysgenics then i guess they can keep importing them to feed me cheese sticks
>>535081259>If you want equal sway, provide equal valueBoomer mentality.
>>535081451Jew mentality. >Just exploit everyone around to to make shekels goy, like me, to pay the interest on the debt you owe, to me>Also I own your house and your culture
>>535080908>You’re crying about processed slop while posting from a device made by global supply chains that only exist because of the very capital you hate.not true usury enriches jewish criminals and impoverishes actuall inventors and productive people
>>535081259Gooks like you are the reason your society is crumbling with a 0.5 births-per-woman rate.You hate anyone trying to get started and think they owe a system that is built to keep them in perpetual debt slavery.I'd tell you to kill yourself, but you're a gook so you probably wouldn't need me to recommend it and have been contemplating it already.
>>535081377The fact that you’re asking who's paying banks shows you have zero understanding of how the real world functions lol Everyone with a mortgage, a car loan, or a credit card including the people making your cheese sticks is fueling the system. You’re just a parasite who enjoys the benefits of global capital while pretending you’re above it.
>>535082358when the bank cant pay their debts they make taxpayers bail them out when taxpayer cant pay his debts he has to listen to jewish subhumans such as yourself talk about responsibility>You’re just a parasite who enjoys the benefits of global capital while pretending you’re above it.
>>535081600>>535081451You weren't born into a plantation; you signed a contract to access capital you didn't earn so you could buy things you couldn't afford. If you hate the terms, don't take the loan. But you want the house, the car, and the lifestyle now, and then you cry like a victim when the bill comes due. That's not slavery, that's just you failing to take responsibility for your own choices lol And the system doesn't hate anyone trying to get started. It just filters for those who actually provide value. If you’re at the bottom, it’s because you have zero leverage and nothing to offer the market lol Credit is the only reason people without generational wealth can even start a business or buy a home in the first place. You’re attacking the very mechanism that provides upward mobility just because you’re too incompetent to use it correctly.
>>535082506>And the system doesn't hate anyone trying to get started. It just filters for those who actually provide value.you should check out who gets preferential access to public funds you dishonest kikeeverything you say is purely theoretical and doesnt survive crashing with factual realitywe dont even live in capitalism we live in jewish suprematism and the absolute state of usury is the best example of it
1. If you're arguing with someone who avatarfags as a small female cartoon cat, stop.2. Interest is not a problem. 3. All of this argument about interest is a massive red herring from the actual problem which is fractional reserve banking and Central banking. 4. Everything in the modern banking world is designed to mislead. For example, when the government sells bonds, that is a misleading way of saying the government is borrowing money. The entire system is intentionally designed to confuse people much like any confidence game.5. When you deposit money at a bank you are loaning your money to that bank. 6. After you have loaned your money to the bank, the bank can effectively use it as collateral to make any number of other loans on top of it. This is the main driver of inflation. The vast majority of money in the economy is not currency. It is debt. 7. A Federal reserve decides whether you are allowed to have a bank in the United States. Look up the Narrow Bank for details on what happened when someone tried to create a bank outside of this system. The Fed did not allow them.8. Because the vast majority of new money creation is done by private banks, the government does not really have any control over prices. The inflation caused by the private banks constantly pumping money into the economy causes the prices the government has to spend on things like military and the entitlements to constantly increase. So paying for a soldier today costs 2407 per month whereas in 1950 it cost $75 per month. Since the banks are going to continue generating infinite loans out of nothing using your deposits as collateral prices will continue to rise forever. That means that everything the government is legally obliged to pay for will continue getting more expensive forever.
