Daily reminder the first country to eliminate their central bank and allow free market banking will have the highest living standards on earth within 5 years.
Massive high paying service sector jobs with dominate this country's economy to consume the goods the rest of the world has to produce for it.
The workweek would shrink to 2-3 days a week and people would retire much earlier. This will also lead to more jobs becoming available.
Everyone would have high saving rates. Houses would be inexpensive. Debt would be strongly discouraged economically.
Massive automation would take place as the cost of capital goods would be extremely cheap. This will lead to massive levels of technological innovation.
It would be extremely easy for the average person to start a business due to the cheap cost of capital goods.
Daily reminder REAL capitalism has prices falling all the time instead is going up.
Daily reminder America never had a system of free market banking. There were only patches of American history with free market banking. The panics that happened during the 1800s were due to government intervention in the banking sector. Sweden had the longest most successful period of free banking and that's what made them really rich.
Daily reminder the longest period of (relatively)free banking in America coincided with the INDUSTRIAL REVOLUTION where wages rose and prices fell.
Daily reminder central banks are the very reason the economy is a pile of shit and our generation is so fucked.
Central Banks aren't the evil boogeymen they're made out to be by Libertarians and they can do a lot of good by limiting market volatility.
Lucas Scott
...
Camden Barnes
economics is science and logic, not magic
kill central banks and kill jews
Julian Anderson
Capitalism is a failure that is just a part of the failure that is the modern world. No stupid shit like this will change anything. Puff Diddy will still make $730 million while millions work all day and can barely survive and have to live in polluted concrete shitholes.
Evan Adams
Capitalism is creating sluts that willing to become rich chads' sextoy
Lincoln Parker
no goy, self-regulated capitalism's just fine...
Owen Price
>Capitalism is a failure Then why was the gilded age such a success for the working class?
>Puff Diddy will still make $730 million while millions work all day and can barely survive Wow, it's almost if you think that if p diddy gave every last penny to the working class, the working class will have improved living standard
THEY WONT
You don't understand how money works, it's not magic you gigantic fucking idiot.
Joseph Foster
capitalism makes sluts cheap so robots can afford them
proxyfag
Elijah Cook
>work weeks become 2-3 long >more jobs because... >everyone gets high savings rates >debt disappears all of the sudden >automation take over >but remember, more jobs >extremely easy to start a business doing.... (automation does everything easy and available. Mechanics, small parts manufacturers, small shops, everything short of nurses are gone) WOW! magic sure is magical. I agree the Fed and fiat money has to go, but for fucks sakes, you're just sounding like an idiot and making libertarians sound like retards. All you should aspire for is to be left the fuck alone and to leave others alone, if we reach those numbers and factoids then so be it, but it will not be an expected and measurable outcome. How the fuck is the work week going to become 3 days long, yet also increasing wages? How are people going to get all these magical benefits without jobs? Socialism?
Evan Bell
>thinking everything will be great if the 1% gave all their money to the working class
then prices will simply rise, you gigantic moron lmao holy fuck you people are dumb
Christian Roberts
>so robots can afford them what does that even mean, robots afford sluts?
Jeremiah Jenkins
>then prices will simply rise regulation
Brayden Robinson
>WOW! magic sure is magical. economics isn't magic, its based on logic
>>more jobs because... capital is extremely cheap which would create a massive service sector economy Cheap capital and high demand will create jobs
>everyone gets high savings rates no central banks means extremely high savings rates
>>debt disappears all of the sudden it wouldn't disappear, it would be strongly discouraged
>>automation take over cheap capital means more automation
Ian Harris
r9k would afford literal robotic sluts for really cheap yes
Jack Edwards
We don't need currency anymore at all really.
The purpose of currency was to act as a store of wealth that was easily transferrable in place of barter.
With today's tech we could easily have massive online barter marketplaces that could eliminate the need for currency altogether.
Camden Harris
what regulation?
Bentley Powell
price regulation
Michael Nguyen
>We don't need currency anymore at all really. >we don't need a medium of exchange AHAHAHAHHAHAHAHAHA So you want people to starve to death?
>With today's tech we could easily have massive online barter marketplaces Who the FUCK wants to waste their precious time bartering? very very few people
money is far superior to shitty barter
idiot
Camden Price
>women are becoming sluts >no sluts are cheaper What the fuck does that have anything to do what I said?
Levi Ramirez
how would price controls somehow help this situation
the supply of goods is being rapidly used up simply restricting the price of these goods won't help anybody
it will simply cause massive shortages and people would starve
why are socialists so fucking dumb?
Ayden Allen
>r9k wouldn't want cheap whores
lol wat?
Aiden Murphy
Is it though?
It's not a waste of time because it's all automated. You go online and put in what you're willing to trade and then what you want. A good system then searches for the shortest barter route (least number of overall trades) with the highest return rate for the good you desire.
It would eliminate wasteful jobs because people would be forced to produce necessary goods.
Josiah Bell
What is capital? Money? You're fucking stupid, if money became devalued/inflated even more our local economy would crash, while allowing larger international corporations to sell to us at a profit since they hold diversified portfolios and forcing currencies. Plus, if you killed the Fed there would not be any inflation, you fucking retard.
What is a "massive service sector economy"? What jobs are these? What do I do in a service sector? Consulting? Wouldn't that imply that you would need to be an expert and professional in your field, therefore limiting you to having to be the top 30% on your field?
>no central banks mean high saving rates Why? Jesus dude. You drank the libertarian cool-aid, found the pot and snorted the cool-aid powder. Why would removing a central bank mean people will pay you to let them borrow your money? I'd see an increase since there will be much less regulation. But nothing like a 15% interest on fucking savings, by your logic money would also lose basically all value.
WHAT IS CAPITAL
Robert Williams
tyou're the one who's having inability to think out of your capitalist system if there are 100 item producted the fact the prices are regulated won't suddenly set the production at 10 money is just a way to make business easier, it's not the thing that makes economy go round
Leo Stewart
user, barter is what fucking niggers do. >have arbitrary system of barter >I have 30lbs of rice >I want oranges >the orange guy has 200lbs of rice, he will never accept my rice ;_; >have to go on a retarded, Cartoon-like goose chase to find what the orange guy wants >trade it >lost a day of my time and spent more rice than I wanted. No, this is fucking stupid. Btc and gold are the future
Cooper Price
This is actually a good idea for a Craigslist bot now that I think about it.
Have it farm the website for trades and gradually trade up as much as you can.
You just need a massive database of goods in order to do price comparison.
Maybe use average ebay prices or something.
Anthony Evans
>because it's all automated. If everything was automated yes we wouldn't have money and prices would be zero
we're not talking about a society where EVERYTHING is automated though.
People will continue to use currency until EVERYTHING is automated
>What is capital? Money? You seem to not understand these basic things.
>while allowing larger international corporations to sell to us at a profit Wow so? Who cares? As long as our living standards increase. Of course there's going to be a crash in america. But the result of this will be a massive economic boom. Only if america does the right thing and raises interest rates or gets rid of central banks.
>Plus, if you killed the Fed there would not be any inflation, you fucking retard. That would be a massive benefit to society you gigantic jewish brainwashed moron.
>What jobs are these? Half of america would turn into disneyland or universal studios.
>What do I do in a service sector? Work at a theme park or ice cream stand. Or you simply retire because living standards are so high, you don't have to work anymore.
>You drank the libertarian cool-aid You drank the keynesian kool-aid.
>Why would removing a central bank mean people will pay you to let them borrow your money? Free banking means banks would have high interest rates. Banks would pay a high amount of money to store your money there and invest with them.
>WHAT IS CAPITAL something you don't understand
Christopher Morales
...
Alexander Jenkins
I think he may have meant bitcoin?
Xavier Collins
>tyou're the one who's having inability to think out of your capitalist system I used to be a marxist. So no, lol you're just brainwashed by socialist propaganda.
It's a fact of reality that money itself does not equal consumer goods.
I mean it common fucking sense you brainwashed idiot. If you can refute what I'm saying then do so. YOU CAN'T
>if there are 100 item producted the fact the prices are regulated won't suddenly set the production at 10 Never said that production will stay at 100 but workers will only be able to buy 100 units of a good, not 100000000 units which is exactly what you are saying would demand
Tyler Anderson
Capitalism is a tool for Jews to hoard all the money, then jump ship for the next phase. The phase of communism of which they own. Just like Communist Russia: Jews are murdering rats
Christopher Wood
Bitcoins are going to become useless with quantum computers.
That's the whole fucking point of the automated system. If your whole argument is it's a waste of time, then that's a horrible argument.
The same thing is already happening in many industries with consumers buying goods directly from the manufacturer. In the past, it was necessary to have some sort of middle man to handle transactions and sell goods, but with online marketing and marketplaces, manufacturers can sell goods directly to the customer.
Sebastian Bennett
How do we kill all keynesians and socialists so we can be rich again?
Kill them all.
Ryder Brooks
>hoard all the money OH NO HOW HORRIBLE That means the prices of all goods in the economy comes down and the working class can afford more of these goods. It means the jews are not consuming products and services and whites are instead.
You fucking idiot.
>muh hoarding KILL ALL COMMIES
Connor Collins
The part that is automated is the barter system.
I'm not talking about robots doing your job, I'm talking about computers doing the job of setting up the necessary trades in order to go from Good A to Good B.
That is all I am talking about.
Easton Hill
Daily reminder that you get anally raped to death with a sharp pipe if you even start to prepare to get rid of the multinationals.
Jonathan Lewis
No, central banks, regulations, and government meddling is. As long as the government bails them out, it's not the free market.
Jayden Robinson
>The part that is automated is the barter system. ohhh so there is no real automation and computers magically determine what human beings need and want at every second of reality
that makes no fucking sense nobody wants a computer to determine their needs and wants, people want to buy and sell things themselves and not have some inefficient authoritarian cucks do it for them
>I'm talking about computers doing the job of setting up the necessary trades lmao this is some venus project bullshit
so instead of being paid in money I get paid in bartered goods that I may or may not need at the present time? that makes no fucking sense
what if I want to save to start a business
I need to save a bunch of random products and services? lmao you retard
William Martin
>have parasite >remove parasite >health improves
HURR DURR, DIS user BELIEVES IN MAGIC!
Matthew Perry
>there are people brainwashed to thinking prices shouldn't come DOWN >there are people that inking owning a business should be MORE difficult for members of the working class >there are people that think people should be debt slaves
kill keynesians fuck central banks
Camden Smith
Not even what I was saying.
I was saying you have a marketplace system where you go in and input "I have 20 of good A, how much of good B can I get. And then computers find the most direct route to good B (fewest number of trades) for the highest return (greatest quantity of good B).
Computers are merely doing sorting and matching you dipshit. How is this difficult to understand?
Julian Lopez
>goods may or may not be needed
aaaand there's your problem right there.
Better find something useful to do.
>save to start a business
Yeah, just acquire high value items and trade futures for the goods you plan on producing.
Jose Roberts
HAIL HAYEK
Austin King
>I have 20 of good A, how much of good B can I get. I know that's what you mean't. My point is that that's insanely inefficient and makes people work harder.
I don't want to spend ever waking moment of my life bartering with the guy at the liquor store so I can get a 6 pack
money is far far more efficient at doing this
I don't know why you people irrationally hate money it's fucking great
Elijah Howard
What about the milions of people that will loose their savings if the bank is eliminated?
Eli Nguyen
>aaaand there's your problem right there. no it's your problem, money is efficient, barter is incredibly inefficient.
you have no argument
>just acquire high value items and trade futures for the goods you plan on producing. Why don't I get something both parties agree on, something they can trade EASILY to 3rd parties. Something like, I dunno MONEY?!?! How about that?
Barter doesn't benefit anything, it just makes people suffer. You have no argument, you child.
Aaron Murphy
>free market banking >cheap cost of capital goods >high savings rate >capitalism is the problem
what you're talking about is a capitalist system. how delusional and hypocritical. maybe you shoulda picked another image op.
capitalism is not the problem anyway. the problem is globalism because it means you stop caring for your nation when you make a transaction. no one cares because you don't care. e.g. i might buy Australian made, but the guy next door might not, and he'll be rewarded for seeking the lower cost item from China.
so the real "magic" would happen when a country becomes self sufficient and stops exporting/importing.
in any case, it would help you to remember that the strong survive and the weak perish. if your "non-capitalist" ideas are really the strongest, they will prevail. from my pov though, it seems like your ideas are the underdog in this fight.
Jose Scott
Their savings are an illusion if they held it with goldman sachs.
Only people that held with reputable banks or bought gold will come out on top.
This collapse will happen anyway regardless if these policies are put in place. So it doesn't matter.
Jack Morgan
>>capitalism is the problem are you retarded, do you not understand memes
the image was showing ben bernanke saying capitalism is the problem, showing him as a fucking liar
Hudson Gonzalez
>barter is inefficient.
0 time will be spent physically bartering.
>People will suffer
Yes, the people who don't do/produce anything useful.
Charles Perry
So instead of having money so I can buy whatever and whenever I want, i have to maintain inventory and essentially be a commodity trader?
Camden Butler
>0 time will be spent physically bartering. It doesn't matter. The computer will tell me what I get in exchange. What if I don't like or what what the computer gives me? You make no sense. Money is far superior. Why do you think people use fucking money in the first place? Are you actually this retarded? Oh my god you're one dumb motherfucker.
Yes, barterfags are fucking retarded, holy fuck I can't believe they even exist.
Jonathan Carter
no cause jews keeps doing this throughout generations.
Nathan Cooper
So what will replace currency? BTC is obviously better than fiat, and you can't really buy stuff online with gold.
>you seem to not understand basic economic concepts, so I wont tell you, I'll be a condescending leaf instead.
>wow, so? who cares the average American's buying power goes to shit, at least I can buy dildoes from Amazon for 5 cents! You living standards won't increase if you can't buy shit with your now worthless currency. Also, living quality is not the end all be all. If people don't find fulfillment in what they do they'll be unhappy and depressed, just look at society today, we have the highest medical technology, the highest life expectancy, the richest lower class in all history, yet almost everyone is sad.
>inflation is good >wow, I'm so glad my gold keeps rising in price, I won't spend any of it since the dollar is projected to keep rising for the next 10 years >economy continues to crash >I can buy my bread and cars and home no problem :) Meanwhile the average American who doesn't have gold can't buy a single load of bread without a pallet of cash. This exact thing happened in the great depression. Nobody buys during inflation (because they cant) and nobody sells during deflation (you'd be stupid to do so)
>Disney land Wow, how fulfilling and exciting I'm so glad my life consists of soft serve ice cream and costumes, and if i don't like it I can just quit and wait out my inevitable death in the comfort of my McMansion with no purpose or drive to do anything, just NEET for ever.
I'm not a Keynesian. I believe in the free market, but I also believe in reality. All you're talking about here is outcomes, you completely ignore everything in between.
>Free banking means banks would have high interest rates W H Y H Y
Invest on what? I thought nobody needed money since quality of life was so high. Your view on life and economics is just absolutely nihilistic. Sad!
Christian Morris
I'm mocking his outcomes. I do believe the FED is a parasite, but utopia will not arrive promptly after removing the fed
Jayden Foster
you're just not good at using memes faggot.
the image implies that jews make you believe capitalism is the problem and discourage you part taking in it while they keep the money. by employing that image, you're telling "goyims" who believe in capitalism that their thoughts are jew-approved. it doesn't make sense from a federal reserve point of view because the fed promotes capitalism, so the reader has to assume its from a jews pov i.e. ben ((Shalom)) bernanke.
Evan Sanders
What about transport? We spend half our day boxing up random shit so we can go barter for groceries?
Ethan Davis
As usual, most people demonstrate that they know nothing about money and are afraid to learn, while the handful that smugly act like they do understand unflaggingly promote the Jewish money agenda.
You're exactly right OP, and it has nothing to do with libertarianism or Austrian economics. End the Jewish rent-seeking and banking and we'll be flooded with all the wealth they've captured.
Owen Sullivan
kek. capitalists never learned anything shockdoctrinesummary.blogspot.com/2009/04/1970s-chile.html
Parker Wilson
The leaf is more right than wrong. You are using references from a time frame where the USA had a central bank to judge how not having a central bank would be. There's a reason the majority of modern economist are libertarians.
John Hughes
>if you can't buy shit with your now worthless currency What? The currency would now be the most powerful in the fucking world thanks to a lack of central banking. Central banks can do nothing but devalue a currency.
>Also, living quality is not the end all be all yes it is
>If people don't find fulfillment in what they do they'll be unhappy and depressed Then find another job which there will be plenty of?
>just look at society today Why look at today's shitty socialist/corporate economy?
>yet almost everyone is sad Because the economy is garbage, because people have to work longer and harder because the economy is garbage.
>I won't spend any of it since the dollar is projected to keep rising for the next 10 years Exactly, it encourages savings. People will still spend money though, they'll be able to spend even MORE money now thanks to prices becoming lower. People want instant gratification. They'll save some money but if they have the option of having fun now they're going to do it as well.
>This exact thing happened in the great depression. Lies. The great depression was the result of massive government intervention. Imagine how terrible the GD would be if there was INFLATION. There would be a genocide in that case. The gilded age had deflation for 30+ years and it was widely successful. where's your argument for that?
>I'm so glad my life consists of soft serve ice cream and costumes Wow, if I only had to work 2 days a week and I got paid the equivalent of 35 dollars an hour to do this, this would be fucking amazing.
Charles Butler
>it doesn't make sense from a federal reserve point of view because the fed promotes capitalism WRONG
THE FEDERAL RESERVE DOESN'T SUPPORT CAPITALISM WHATSOEVER
HOW IN THE FUCK CAN YOU POSSIBLY BE THIS BRAINWASHED?
How is having the state control the most important price signal in the economy for the benefit of state connected groups a free market? It's an enslaved market, not a free market. It's NOT capitalism.
YOU suck at memes.
Matthew Ramirez
Looks like you are making a reference to a 1970s dictator who had many pro-market policies and lead to the creation of the strongest economy in South America.. A great example of the failure of a market economy for sure retard.
Charles Baker
i think you make it yourself a bit too easy. yes, the centralbanking system is cancer, as well as capitalism is (even though its still better than communism), but there are other mechanisms in place to keep us down. also ask iraw or libya what happens when you dont want to play by (((their rules))), the first country to do that will likely end the same way.
pic related explains the banking system and its role in the war of iraq and libya, and how it traps us in the matrix
Brayden Thompson
While I agree that central banking is a scourge that must be routed out and killed once and for all, holy fuck man you're trying to promise waaaay too much. t. economist
Andrew Watson
>shockdoctrine You post a picture of a jew, yet post a blog LITERALLY created by an ant-capitalist jewish woman
kill yourself
>BAWWW PINOCHET WAS BAD die russian scum
Evan Cooper
no, economics
Jackson Ramirez
It will. It's called backpressure.
Colton Butler
i found the jew
Colton Perry
Maybe those retards think that if they win they loose, so they choose the shittiest system backed by the most retarded economics to back.
Luis Bailey
Like how the Fed has successfully limited market volatility since 1913... Oh wait..
Retards who LARP NATSOC, A HURR DURR I HATE EVERYONE THAT CAN ACTUALLY SUCCEED AND FUCK!! None of you know how an economy works let alone what capitalism is.
Lets play along with your LARP. Capitalism is a free market economic system not a political ideology, you can still have nationalism is a free market society all socialist systems eventually become too expensive and huge for a bureaucracy to be able to maintain it.
Aaron Wilson
*still have nationalism, capitalism and a free market society
William Johnson
Based leaf, where are you user in Canada we have to make this shit country great again and get the corporate interests out of our industries.
Eli Carter
>Canada we have to make this shit country great again
THEN VOTE FOR LIBERTARIAN NATIONALIST MAXIME BERNIER YOU GIGANTIC FUCKING RETARDS