- Joined
- Nov 13, 2024
The Great Depression continued far after 1933? Most people would say the depression ended after the war? Your grandpa did fight in the war?
every bank has had bank runs, public and private.
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Debate @Fuck Bankers on banking, the Great Depression, and Jews I guess.
- Thread starter draggs
- Start date
- Joined
- Aug 22, 2020
Where did I say it didn't continue far after 1933? You said policies implemented almost 3 and 3/4 years after the Depression started caused the Depression. You said FDR's policies lowered the money supply causing the Depression when the money supply only decreased (barely) in a single year of his presidency. That's what your dumb ass said
Teshub
kiwifarms.net
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- Jan 15, 2022
Because, Citizen, last weeks chocolate rations of 30 grams are now increased to 20 grams. The Ministry of Truth has fact checked this with multiple independent fact checkers and ruled this as double plus good.
- Joined
- Nov 13, 2024
ok I wasn't sufficiently clear. The depression, caused by fractional reserve banking business cycle, a restriction of monetary supply, and an ecological disaster from the dust bowl. This was compounded after FDR became president who then introduced price floors.Where did I say it didn't continue far after 1933? You said policies implemented almost 3 and 3/4 years after the Depression started caused the Depression. That's what your dumb ass said
Does that make you happy?
We already live under a system with a digital currency.
- Joined
- Mar 21, 2019
So it sounds to me like no matter which direction you go the banking paradigm you prefer will be vulnerable to abuse and manipulation by public and private interests.
- Joined
- Mar 23, 2024
No. That's where the Ukraine war comes in, your 4d chess is weak.
Pizza, spagetti, sushi, and subs all cost money but it all depends on quality.
Teshub
kiwifarms.net
- Joined
- Jan 15, 2022
Yes. And it has become more and more worthless every year.
- Joined
- Nov 13, 2024
Advanced industrial economies are required to hold territory. If you don't have the ability to create modern weapons, you'll lose a modern war. The investment in that economy is therefore vital for the survival of a government. During periods of societal instability, institutions will become unstable. That is true of public and private institutions. What I'm talking about is concentration of power in a few private banks. investment institutions would be monitored more closely if done by the government. Especially in America where people are skeptical of the government. We also already have a pretty much public bank the Federal Reserve.
People own homes out right in China. This used to be the norm in America 100 years ago. It can be again.
- Joined
- Aug 22, 2020
The money supply didn't contract until after the Depression started
The Dust Bowl didn't happen until after the Depression started
You are on some serious time-perception twisting drugs and I want some. Hand em over retard
Fractional-reserve banking contributed to the Depression because the fraction at many banks got far too close to no fraction at all, aka zero. This was caused by cheap credit, aka interest rate manipulation by the Federal Reserve, causing too many bad debts to be accrued. Partially why there hasn't been another Depression and why the Great Recession didn't turn into another Great Depression is because the fraction required to be held by banks was set by law in response to the Depression so reserves couldn't be low enough that a bank run could wipe out a large proportion of banks
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- Dec 12, 2022
No. That is a literal fucking lie. They are on a 99 year lease. Fucking kill yourself
- Joined
- May 31, 2020
Market decides what quality means. There are huge lines outside of every Joe's Pizza in NYC despite it being arguably passably good and many better pizza joints are ignored in favor of this mediocre pizza.
another example, salmon sushi was invented in Norway to export inferior grade salmon to Japan that native Norwegians would not eat.
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- Aug 22, 2020
And you want only government banks where the solution to a bank run is to simply tell the people to fuck off, which immediately causes a society-breaking private debt and deflation crisis if the attempted bank run is large enough, or a massive and abrupt artificial increase of the money supply, which immediately causes society-breaking inflation if the attempted bank run is large enough. Fucking genius we got here
- Joined
- Nov 13, 2024
So you agree that fractional reserve lending caused the great depression? You also agree the other things I've talked about are also problems? So how do you disagree with me?
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- Aug 22, 2020
I think I've made that very clear, try reading what I wrote again and not being a retard this time lol
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- Nov 13, 2024
I never said it wasn't a massive shift. I don't know how it could be implemented, I'm just some retard on Kiwi farms. But that isn't an argument against the efficacy of what I'm saying. What I'm saying is what will fix the country. How? That's why I'm talking to you retards.
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- Dec 12, 2022
You are worse than the fucking JOOS. Figure it out retard
- Joined
- Mar 30, 2023
To prevent hyperinflation.
To put it in perspective, for the Nintendo Switch there was a game called Animal Crossing, which let you earn "bells" that you can use to buy goods and decorations. That game had an online function where you could join other people's games and trade bells for goods.
It also had multiple infinite money glitches, such as a stock market system where you could buy a stock item in large quantities on your island and travel to an island where the stock items can be sold for the maximum price. That led to everything being inflated to massive prices. Cardboard furniture which is normally like 20 bells in the game was in such demand that it can be sold for like 20,000,000. Bells became so worthless that people resorted to trading using a random draw ticket you get for completing achievements and is much harder to get. At the height of its frenzy it had a slave auction where characters that can't be obtained by amiibo cards (NFC tokens that unlock dlc, fakes can be made easily)
So everyone that had an infinite money cheat ended up trading massive amounts of money, while people who tried to play the game legitimately got left behind because they were priced out of the online market.
That's sort of what's happening now. Banks that get freshly printed money and companies that buy all real estate have an extreme level of control while everyone else gets left behind
- Joined
- Aug 22, 2020
I haven't said a thing about how such a massive retarded shift could be implemented, I said it wouldn't work. Everything I've said is an argument against the efficacy of what you're saying. It wouldn't fix shit lol
Manifest Destiny is so back
- Joined
- Nov 13, 2024
So having a lower fraction made the economic problems better? So more fractional reserve lending is a problem, and the solution to that problem, is less fractional reserve lending?
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- Aug 22, 2020