Debate @Fuck Bankers on banking, the Great Depression, and Jews I guess.

[Fuck Bankers]

The banks do not exist without the state you fool.

When did I say they didn't. The state allows them to exist. All earthly authority, including monetary, comes from the state. I think we should get rid of the middleman (banks like blackrock, statestreet), between the State creating money, and the people getting it.

 

[WelperHelper99]

When did I say they didn't. The state allows them to exist. All earthly authority, including monetary, comes from the state. I think we should get rid of the middleman (banks like blackrock, statestreet), between the State creating money, and the people getting it.

The banks have their uses. And can be crushed when appropriate. A rogue state not as easily.

 

[The Ugly One]

Banking allows the financing of large projects by allowing lending against the expectation of future returns rather than present accumulated gold. Ever since the Italian invented double-entry bookkeeping (which the Chinese and Russians also practice, no idea where you got this notion that they don't really have banks), which enabled the construction of things like the Venetian arms industry that led directly to us winning the Battle of Lepanto, we rocketed past the Islamic world and never looked back.

 

[Fuck Bankers]

The banks have their uses. And can be crushed when appropriate. A rogue state not as easily.

So it does work, it just might not do what some interests want. Watching my country be de-industrialized, propagandized, almost erased. I disagree.

Banking allows the financing of large projects by allowing lending against the expectation of future returns rather than present accumulated gold.

That is why you continue to use fiat currency. Just have a government bank lend the money at a government set interest. Limit the number of holdings if you allow investment banks to exist. Even Jim Simons (another Jew) of Renaissance Technologies agrees with a limit of around 130 Billion. Blackrock has about 10 Trillion.

 

[IAmNotAlpharius]

ACKSHTUALLY the first 'world war(s)' were probably the Napoleonic wars as they featured fighting on/around every major continent. (Afro-Eurasia+The new world)

The seven years war was global too

 

[Fuck Bankers]

So let's do the thing that caused the Great Depression and Great Recession (government setting artificial interest rates) but compound it with another retarded thing (only government bank can lend)

Drop in monetary supply. Money Supply Not Interest Rates. That is what caused the depression. The Federal Reserve is a State-backed Monopoly. Not a real Central Bank.

 

[WelperHelper99]

So it does work, it just might not do what some interests want. Watching my country be de-industrialized, propagandized, almost erased. I disagree.

You linked Sweet Baby Inc. Nigga life is not GAYmergate. Kill yourself.

So let's do the retarded thing that caused the Great Depression and the Great Recession (government setting artificial interest rates that distort the market and risk-benefit analysis at macro level) but compound it with another retarded thing (only the government bank can lend)

Literally how it happens, because planned economics is commie goblety good doomed to fail

 

[Fuck Bankers]

You linked Sweet Baby Inc. Nigga life is not GAYmergate. Kill yourself.

Literally how it happens, because planned economics is commie goblety good doomed to fail

I invite you to go through all of Blackrock's holdings, they really do control about 20-40% of every company on the planet

 

[WelperHelper99]

I invite you to go through all of Blackrock's holdings, they really do control about 20-40% of every company on the planet

I don't care retard. You use links because your arguments are weak and fold like a house of cards. Now I'm going to watch some fucking football and grown ass men throwing themselves in traction for two months

 

[Fuck Bankers]

I don't care retard. You use links because your arguments are weak and fold like a house of cards. Now I'm going to watch some fucking football and grown ass men throwing themselves in traction for two months

I used evidence because my arguments are dumb. You're arguments are so good you use ad hominem.

The real question as Bukele put it is, if the government can print money why do we pay taxes?

It is a tool used to reduce inflation. We could reduce inflation in all kinds of ways, like tariffs.

 

[WelperHelper99]

I used evidence because my arguments are dumb. You're arguments are so good you use ad hominem.

Your evidence is links to Wikipedia and Blackrocks splash page. Wow. What a knowledge of nugget. Truly I'm enlightened.

 

[John Badman]

The Great Depression was due to a multitude of economic factors through a decade. The markets were heavily reliant on imports for factory production along with agricultural output. The biggest contributor was lack of government intervention.

 

[Fuck Bankers]

Your evidence is links to Wikipedia and Blackrocks splash page. Wow. What a knowledge of nugget. Truly I'm enlightened.

Prove to me why we need banks. I've laid out my argument as to why they harm our society.

 

[draggs]

Drop in monetary supply. Money Supply Not Interest Rates. That is what caused the depression. The Federal Reserve is a State-backed Monopoly. Not a real Central Bank.

Are you really so retarded as to not understand that the money supply and interest rates are inextricably linked?

Do you also not understand that the money supply decreased from 1929 to 1933 because the Depression started in 1929?

for fuck's sake you doing this

with your link sperging is getting stale

 

[Fuck Bankers]

The Great Depression was due to a multitude of economic factors through a decade. The markets were heavily reliant on imports for factory production along with agricultural output. The biggest contributor was lack of government intervention.

In this link to the CATO institute. It shows how FDR instituted price floors. Lower money supply, along with price floors, is what caused the great Depression. There were some problems early on with agricultural output, which caused a problem with mortgages. So it was a multitude of factors, but the main factor was the federal reserve.

 

[WelperHelper99]

Prove to me why we need banks. I've laid out my argument as to why they harm our society.

Because this is Murica. Communism is gay. Fuck your logic. That doesn't smell like apple pie. That smells like commie goblety gook. Fuck commies! All my niggas hate commies!

 

[The best and greatest]

Prove to me why we need banks. I've laid out my argument as to why they harm our society.

We don't need 'banks' but people DO prefer having places to store their liquidity where its insured. People also like having someone/thing who can loan them money.

 

[Fuck Bankers]

Are you really so retarded as to not understand that the money supply and interest rates are inextricably linked?

reducing the supply of money by 10% and cutting interest rates by 10% are very different things.

 

[NSA Intern]

I may not agree with everything @Fuck Bankers states, but I do appreciate how he sources all his beliefs.

 

[WelfareNiggerQueen]

Who funds the democrats? Who funds the media? Who gets to determine if this website can make money or not? You might think I'm euphemistically speaking about Jews, but I'm literally speaking about banks.

My tax dollars