Why do leftists love central banking and inflation so much?Marx, Lenin, Stalin, Mao all supported central banking.Commies cry when you criticize the ECB or the fed.Why can't we just have prices coming down instead of up?Why do our wages need to be devalued?
>>545776013You know what, leftist worship the government, and those are the tools of the government
just shut the fuck up mutt
Are you trying to start up another cryptocurrency?
>>545776177No, I'm more of a gold/silver as money guy.
>>545776013>>545776172Can you please only spam one thread at a time?
>>545776013>Why can't we just have prices coming down instead of up?>Why do our wages need to be devalued?It's called money supply. And beginning with Nixon globohomo has been able to print as much as they need to run the Pentagon and other dastardly shit.Imagine two guys on separate deserted islands. One guy is 3d printing clams from a divine and infinite source and stackin em high. The other guy picks his coconuts from his island's tree. He sees the other guy stackin his clams and shouts " YOU MUST GIVE ME MORE CLAMS "Same shit with the US dollar. GIMME MORE sparks the inflation bid and the market reprices the cost of fucking everything.
>>545776013>leftistsAs if the so-called right isn't sucking banker dick 24/7.In reality anyone still believing the left-right meme is a brainwashed retard.
leave the shitting on communists to the actual people whose families got tormented by commies ok, there is plenty of us. you suck super hard at this jonny
>>545776013Can you substantiate any of those claims?
>>545776323>It's called money supply. And beginning with Nixon globohomo has been able to print as much as they need to run the Pentagon and other dastardly shit.THIS
>>545776323>>545776524instead of the dollar being backed by gold its backed by oil now and you bomb everyone who refuses to trade their oil in dollars instantly
>Why do leftists love central banking and inflation so much?We don't. Which is the point of decommodification.
>>545776437the right is only doing what they have to economically to avoid cultural destruction by the leftbankers play both sides like thistheir winning move is "then vote democrat"right wing = support regimeleft wing = regime approved rebel faction that serves the regime and disarms and dilutes dissidents
>>545776618>We don't.Why did marx advocate for it in the manifesto?Why did every socialist state in history have an all powerful central bank?>a-achewally it's statelessHow does creating an all powerful state and central bank lead to these things withering away?You people are compulsive liars and you lick boots.
>abolish central bankingOnly a libertarian could look at the world's economy and think the problem is not enough banks printing money.
>>545776667You said leftists, not marxists, chud.
>>545776679The problem is too many banks printing money.How bad are your reading comprehension skills?I want to take away the power of central bank monopolies and abolish money printing.>but private banks can do it toYes that's also fraudulent and must be illegal.>>545776718Okay, center left/social democrat retards are all keynesianians and MMT cucksso yes obviously they support central banking and money printing tooYou all support devaluing wages and savings of workers so elon musk can get richer by creating a stock market bubble
>>545776758>The problem is too many banks printing money.Okay. You solve that problem with globalism, not fucking eliminating central banks. Like Europe moving to the Euro.What the fuck is wrong with you that eliminating central banks would lead to less banks printing shit? Do you not know what scrip is?
>>545776868>globalismwhat? lmaoI'm for global free trade actually, but what you said makes no sense.>not fucking eliminating central banksBut central banks are literally the problem. They're responsible for the cost of living crisis, the inequality, the billionaires, the ai bubble, the housing bubble etc.>What the fuck is wrong with you that eliminating central banks would lead to less banks printing shitBecause almost all money printing comes from central banks printing?
>>545776868>Like Europe moving to the Euro.The euro is why so many European countries have solvency issues.https://www.youtube.com/watch?v=mODnz8DnhCQ
>>545777546>MMTard
>>545776758>Yes that's also fraudulent and must be illegal.>i'm a libertarian>i want big daddy government to make things illegal for my benefitlmao fuck off you stupid statist
>>545777818>>i'm a libertarianlolDo you know what libertarianism is?Do you know what free markets are?It doesn't mean anything goes. It means property rights and contracts are enforced.Money printing is fraud and fraud is a violation of rights.I bet you thought you had an own there kek
>>545777872do you know voluntary association is, statist?
>>545777892>voluntary association is when you use coercion against peopleuh no?
>>545777930so you want the government to coerce banks into doing what benefits you? i'll tell you right now that gold coins are as stupid and impractical in the modern age as a barter system is. there's nothing wrong with fiat money. watch the money masters sometime, you'll learn a lot from it.
>>545777546this guy is talking about american dollar terrorism and not euros you clown>The euro is why so many European countries have solvency issues.such as?europe is a perfectly stable region, we are rich because of stability and cooperation. no one uses euros to terrorize anyone. the only problem that ever occurred was greece cooking their own books for political reasons and that was like 15 years agothat video was total trash by the way
>>545776013you lost tranny
>>545778046>so you want the government to coerce banks into doing what benefits you?I want the state to enforce property rights and contract law. That's one of the main things that define a free market.This Libertarianism 101Why are you even trying to argue with me here?>there's nothing wrong with fiat money.I would rather not want to slave away for billionaires and israel though.>>545778107>I love central bankingWhy do you love billionaires and real estate boomers so much?
>>545778224a libertarian supports a free market where anyone can issue currency and consumers are free to choose the bank they trustwhat you are advocating for is a command economy where the government tells you what is valid money, what you can do with your labor and your property with a semblance of private enterprise. this is called "dirigisme" it's a french word.
>>545777068>Because almost all money printing comes from central banks printing?So that's a no on you knowing what scrip is? Figures.
>>545778318>a libertarian supports a free market where anyone can issue currency and consumers are free to choose the bank they trustTrue.Anyone can issue currency.What they can't do is claim they have more currency than they hand out in IOUs. That's fraud.>>545778346>scripYou mean shit that existed in 0.0001% of company towns 150 years ago?Your point?Either way you still suck central banker cock
>>545776013Private banking is the problem, not central banking. Resentment towards central banking is how billionaires distract you from the fact that they're raping and pillaging our countries.
>>545778389>Private banking is the problem, not central banking.LMFAO>Resentment towards central banking is how billionaires distract youCentral banking is the fucking REASON billionaires even exist.Nearly all of their money came from newly printed money which went right into the stock market.The fact you support this makes you a billionaire cocksucker
>>545778224i want every real estate boomer to be forced into commie blocks so young americans can take over those homes intead
>>545778378you directly stated that the government should make money printing illegal. that printing money itself is a form of fraud. you directly advocated to infringe on the freedom for individuals to associate with whatever bank and currency they please. you are a statist and a communist and you need to fucking kill yourself because you know JACK SHIT about what you're trying to talk about, and it's very obvious.
>>545776013This is the gayest debate. Nobody gives a fuck about economy. Kick out the shitskins and kikes!
>>545778484You say this then you go on to support central banking lmaoYou people want the working class to suffer in poverty.>>545778504>you directly stated that the government should make money printing illegal.They should make fraud illegal. Printing and handing out to people more IOUs than actual resources you have in your vault is fraud, thus illegal.This isn't complicated.
>>545778606THE TERM IS FRACTIONAL RESERVE BANKING YOU ABSOLUTE FUCKING MONGOLOID JUST SHUT UP
>>545778655>FRACTIONAL RESERVE BANKINGYes, I know.Your point?
>>545778688the fact that you can't just say "fractional reserve banking is fraud and should be illegal" shows how uneducated you are on the topic. if you knew what you were talking about you would have just said that instead of describing the system.but what's worse is that it's current year and you don't even have enough brain cells to ask an LLM, "hey what's the word for when banks only keep some of their deposits in real assets" because you're too fucking stupid to use FREE fuckign tools at your disposal.my problem with you is that you're an embarrassment. people like you and the libertarian party are the reason i won't identify myself as one.
>>545778769>you would have just said thatI had to dumb it down because I am on /pol/. you can stop sperging out now
>>545778378>You mean shit that existed in 0.0001% of company towns 150 years ago?Literally every fucking mobile game gem, steam wallet dollar, gift card, and crypto token you've ever bought is scrip.As are local currencies, THE THING YOU ARE ADVOCATING FOR!!! You don't know shit about fuck, you fucking waste of carbon.
>>545776013Can anyone give me an actual argument against deflation? Intentionally deflating the dollar?
why can't wages keep up with productivity?
>>545779270>Literally every fucking mobile game gem, steam wallet dollar, gift card, and crypto token you've ever bought is scrip.So it's optional and doesn't affect my life whatsoever?Why are you even bringing this up?>As are local currencies, THE THING YOU ARE ADVOCATING FOR!!! I advocate competing currencies based on commodities.>you fucking waste of carbon.You people support inflation.It's strange you complain about chuck-e-cheese tokens when tens of trillions of value is stolen from you to pay for elon musk and israel
>>545779333All the people who buy a new Iphone every year will stop spending money entirely because stuff will be cheaper if they wait.
>>545779333>deflationthat's anti-semetic!
>>545779370Because the productivity is fake. Fractional reserve is worse than just inflation. It puts banks in the position of central planners except they're not central and they don't plan anything. Furthermore their feedback mechanism is other banks. So the more they invest in retarded get rich quick schemes the higher they're appraised by other banks and the more "productive" they are. However if that "productivity" went toward wages the workers might do something foolish like trying to buy actual goods and services that were never produced and the whole illusion would collapse. Or prices would rise to keep consumption constant and balanced with production.
>>545780001>ractional reserve is worse than just inflationtrue
>>545776013https://youtu.be/vufFU57gD6s
