Hyperinflation

[Absurdist Laughter]

From what I understand, the CPI jumped .6% bringing the total to 5%. I'm not worried.

 

[mindlessobserver]

Could crypto be to the catalyst to the economic crash?

Crypto is an infinitesimal amount of the global economy. Even if they all went to zero the rest of the world outside the crypto space would barely notice.

From what I understand, the CPI jumped .6% bringing the total to 5%. I'm not worried.

Why not? Things are tracking along perfectly to what doom posters like myself have been warning. A spike in inflation over the summer is the first thing we expected.

 

[Billy Beer]

Crypto is an infinitesimal amount of the global economy. Even if they all went to zero the rest of the world outside the crypto space would barely notice.

I meant it more like people putting real money in to crypto. If people feed their earned money in to a system that will lose them all of that money, that has a knock-on effect to spending. The more people fooled in to piling money in to crypto (Like the stock markets of the 1920's) the less money there is amongst the population.

I'm not at all, in any way shape or form, knowledgeable when it comes to economics. Any information/explanation that you can offer would be greatly appreciated

 

[Absurdist Laughter]

Crypto is an infinitesimal amount of the global economy. Even if they all went to zero the rest of the world outside the crypto space would barely notice.


Why not? Things are tracking along perfectly to what doom posters like myself have been warning. A spike in inflation over the summer is the first thing we expected.

I like certainty.

 

[mindlessobserver]

I meant it more like people putting real money in to crypto. If people feed their earned money in to a system that will lose them all of that money, that has a knock-on effect to spending. The more people fooled in to piling money in to crypto (Like the stock markets of the 1920's) the less money there is amongst the population.

I'm not at all, in any way shape or form, knowledgeable when it comes to economics. Any information/explanation that you can offer would be greatly appreciated

Retail investment almost never causes financial panics. The average Joe's just do not have enough market capitalization to cause problems. Issues arise when banks, brokerages and governments start to make mistakes. So in theory crypto could cause problems, if major banks started getting involved in it in a major way. Right now though they are not.

 

[Samson Pumpkin Jr.]

World War One made the USA millions because we sold weapons and supplies to Europe

when you look into it it's actually incredible what happened. America had a tiny, minuscule arms industry. They almost had nothing, but in one year (1914-15) Britain and France payed for America to have the biggest arms industry in the world by a lot. We talk about the evils of colonialism and how Europe became rich by taking vast amounts of wealth from niggers, but we never talk about how America essentially stole billions from Europe to build itself up

 

[mindlessobserver]

when you look into it it's actually incredible what happened. America had a tiny, minuscule arms industry. They almost had nothing, but in one year (1914-15) Britain and France payed for America to have the biggest arms industry in the world by a lot. We talk about the evils of colonialism and how Europe became rich by taking vast amounts of wealth from niggers, but we never talk about how America essentially stole billions from Europe to build itself up

We didn't steal shit. It's not our fault Euros were hell bent on slaughtering each other and were willing to pay us handsomely for the tools to do it.

 

[L50LasPak]

We didn't steal shit. It's not our fault Euros were hell bent on slaughtering each other and were willing to pay us handsomely for the tools to do it.

I'm more impressed than anything else.

 

[qu_rahn]

Money can be exchanged for goods and services

 

[Your spare disc drive]

If you don't know who the owners of the federal reserve banks are just say so.

Nobody knows is what I was getting at.

I already explained that the board of governors controls the federal reserve and individual banks invest into it to get money later. It isnt some big conspiracy its just a plainly retarded system. While I think sowell gets shilled too much compared to other economists he didint really miss anything in his tweet.

 

[knobslobbin]

I already explained that the board of governors controls the federal reserve and individual banks invest into it to get money later. It isnt some big conspiracy its just a plainly retarded system. While I think sowell gets shilled too much compared to other economists he didint really miss anything in his tweet.

I did not ask who the board is that controls those banks, I asked who the owners are. Why do you keep attempting to conflate the two?

 

[Thomas Highway]

I did not ask who the board is that controls those banks, I asked who the owners are. Why do you keep attempting to conflate the two?

You are either being willfully obstinate or a crazy person. He answered very clearly.

 

[knobslobbin]

You are either being willfully obstinate or a crazy person. He answered very clearly.

The board members of a bank are rarely the owners.

For example, the NY Fed Bank:

Under the Federal Reserve Act of 1913, each of the 12 regional reserve banks of the Federal Reserve System is owned by its member banks, who originally ponied up the capital to keep them running.

The big reveal for year-end 2018: Citibank, the No. 1 institution on the roster, held 87.9 million New York Federal Reserve Bank shares – or 42.8 percent of the total.

The No. 2 holder stockholder was JPMorgan Chase Bank, with 60.6 million shares, equal to 29.5 percent of the total. In other words, the two banks together control nearly three-quarters of the regional bank’s capital shares. Source

Who owns Citibank: Top 2 shareholders are Blackrock and The Vanguard Group. The top 2 shareholders of Blackrock are The Vanguard Group and Kuwait Investment Authority. The top 2 funds in the Vanguard Group (funds here are also the owners) are Eli Lilly & Co. & Microsoft Corporation.

JPMorgan Chase Bank: Top 2 shareholders are The Vanguard Group and Blackrock.

 

[Dog-O-Tron 5000v5.0]

So basically Bill Gates owns the biggest banks?

Has anybody told the Jews?

 

[knobslobbin]

So basically Bill Gates owns the biggest banks?

Has anybody told the Jews?

He is among the top shareholders but not likely the biggest one. However it's hard to follow actual percentages since multiple companies have multiple ownerships in each other (it's all quite incestuous), and it's hard to figure out which actual people at the end of the day own the largest pieces.

I'm sure more dedicated people have figured it out, not something I'm willing to put more time into.

 

[mindlessobserver]

He is among the top shareholders but not likely the biggest one. However it's hard to follow actual percentages since multiple companies have multiple ownerships in each other (it's all quite incestuous), and it's hard to figure out which actual people at the end of the day own the largest pieces.

I'm sure more dedicated people have figured it out, not something I'm willing to put more time into.

The liberal revolutions handing over the power of both the Clergy and landed Aristocracy to the urban merchant class is proving to be a massive error in judgement. In a foolish assumption that the middle class burghers were closer to the people, we gave Gods Law and Temporal Law to a single political faction that worships money above all else. We are discovering now why all human societies across history and cultures have viewed their merchant class with total contempt. They have no loyalty and will sell out their own countries for a profit.

*edit* the dumb ratings to this nearly made me autistically sperg, but I feel an urge to actually explain my reasoning here so expect a deep thoughts post in the next few days.

 

[Justtocheck]

Hot take; we shouldn't worry about the dollar until people start using another coin/valuable/fiat/Metal to determine value (and not immediately put THAT into dollars). Since the latter is unlikely, I rest easy.

 

[Cubanodun]

So how are you people coping with the feeling of becoming Venezuela 2.0?

 

[Suburban Bastard]

The liberal revolutions handing over the power of both the Clergy and landed Aristocracy to the urban merchant class is proving to be a massive error in judgement. In a foolish assumption that the middle class burghers were closer to the people, we gave Gods Law and Temporal Law to a single political faction that worships money above all else. We are discovering now why all human societies across history and cultures have viewed their merchant class with total contempt. They have no loyalty and will sell out their own countries for a profit.

*edit* the dumb ratings to this nearly made me autistically sperg, but I feel an urge to actually explain my reasoning here so expect a deep thoughts post in the next few days.

Bruh, imagine actually typing this shit in response to stickers.

 

[Ughubughughughughughghlug]

sheeeeeeit
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He's soooo close to awareness. Almost there buddy! Quick question though, who owns the federal reserve banks?

I doubt you have even a sliver of the knowledge Thomas Sowell has.