Pic related is literally backed by nothing, printed as the (((Federal Reserve))) see fit

>pic related is literally backed by nothing, printed as the (((Federal Reserve))) see fit
>people still believe and kill themselves over it

why?

Other urls found in this thread:

youtube.com/watch?v=UrJGlXEs8nI
youtu.be/Me9fCKNvBBE?t=409
twitter.com/NSFWRedditGif

This is why I use pogs as currency.

atleast pogs don't experience runaway inflation

Bump. Fuck the FED. Fuck the petrodollar.

>backed by nothing

nobody is forcing you to participate in this economy. It is 100% voluntary. You could live your entire life and never spend or receive another dollar. You either don't understand what you are trying to complain about, or you don't care how hypocritical you are being.

It's backed by the Shekel.

Buy bitcoin.

I think the benefits outweigh the cons ultimately, that doesn't mean OP is incorrect.

It's backed by oil, oil contracts, the productivity of the US economy and the power of the US military.

Currency doesn't need backing

Because I can still trade it for food.

It's backed by lead and brass


.. any questions

fuck your money is ugly

It is also given out by a (((private))) bank on interest. so we owe interest on the money that is created out of thin air.

>t. Someone who hasn't studied economics

What is your money called again? Bucks? Dollary-doos? Or do you guys just barter with vegemite and kangaroo scrotums?

>being this retarded

>be american

>check wallet for money

>starts raining

>oh no my money melted

Well, Ben Franklin wasn't exactly a sex icon.

Minimum wage in Aus is like $20. It's practically Zimbabwe money.

He is incorrect. The dollar is not "backed by nothing". It is backed by confidence in the US economy. When that confidence faulters because of policy or circumstance the value of the dollar drops around the world. When confidence is high then the world market values it more. You can say that the dollar is not backed by hard currency or call it fiat and you would be correct, but that is not the same as "backed by nothing". You can try to argue that it is illusory and you will sound half-way brilliant to any retards that may be listening, but its not an illusion. Its a representation. It represents either labor or goods. If you don't realize this you are probably a welfare NEET/nigger

also thisI was initially going to just post a carrier fleet before I decided to go with a GDP chart. THe value of the dollar is derived from international demand for and confidence in it, and much of that confidence is derived from the fact that we are unlikely to be militarily conquered any time soon.

What

It's representative of value, and it's supposed to be a somewhat standardized way of measuring value - of work, materials, goods, services, etc.

In reality, it's being gamed behind the scenes by the very wealthy and the very powerful. They're constantly devaluing it, so all the money you've saved is constantly dissipating into nothing if you don't immediately use it. It also keeps you working because you can never really save enough to justify not working. Oh, and that also forces you to invest it into the markets because there's no other way to stay ahead of inflation. Putting it in the markets puts it right back into the pockets of the wealthy, powerful (((people))) who doled it out to you in the first place.

That said, money makes sense. It's just our worldwide finance system that's been hijacked by the chosen people.

5000 warheads, yes. just to be safe I've packed a little bit of silver away for any special occassion

What the fuck are you high on eucalyptus leaves?

>be Australian
>put on boot
>bit by spider
>die

YOUR MONEY

IS MADE

OUT OF

P A P E R

It's cloth not paper. You can run that shit through a washing machine 20 times and it'll be fine. Haven't you ever held US tender?

We're immune actually, no australian has died from a spider bite since the 70's

>Be Australian
>Go to exit home
>Door blocked from the outside by gargantuan tumbleweed

Monopoly money is superior cunt

Your money is boring and has a bunch of faggots on it

How would the world economy be different today if currencies were still backed by precious metals? Serious question.

>Being this retarded

Well sure, that's why we have to kill brown people in sand land, well that and the JOOOS. It's a strong currency as far as governments go. But I don't think you can argue that the Fed operates in the interest of the American people. That aspect of our money makes this shit basically worthless to me on principal.

it gives them (things). Fuck these threads are getting boring. This is economics 101 and you retards are still baited into this.

it's made out of cotton and linen, my certifiably retarded aboriginal friend

Your country is boring and has a bunch of faggots on it

Let's just say the US dollar is a shitty investment to say the least...

NEVER EVER EVER save in US dollars or any currency for that matter... buy assets preferably ones that throw off cash, real estate, stock w/ dividends, businesses, etc. or buy and hold silver and gold and bitcoin and wait for the ponzie scheme to end or a mixture of both

No it fucking isn't.

...

>pic related is literally backed by nothing
Red pilled as fuck

>printed as the (((Federal Reserve))) see fit
Red pilled

>why?
Jews

Fuck off aussie nigger.
Americas money is back by gold but how much gold we have is the question...Be a good Patriot and make money.

>Be Australian
>Descendent of people too shitty for British prisons
>Drink shitty beer
>No violent video games
>Have to drive over cane toads wherever you go
>Stop and lick them to get high, die
>Put on gardening gloves, get bit by white-tailed spider, die
>Go swimming, get stung by box-jellyfish, die
>At least our money doesn't melt(?)

It's 75% cotton and 25% linen.

Racist

Not backed by gold hasn't been backed by gold since the 1970s... quality history leaf... it is backed by our military though so i'll give you that... Countries don't last too long once they start trading in anything other than US dollars

Forgive me my ignorance but what are pogs?

It's backed by the strongest military the planet has ever seen. Just ask Libya what happens when you try to go against the dollar.

Fahckin' heaps of chromosomes, m8

I remember the good old days when a dollar was worth 25 dollars.

alright i know were shitposting and all but

>drink shitty beer

you arent serious are you?

Nixon was the jew that caused all of this

it's the global trading system which backs it not the people, other economies accept this for their manufactured goods, that's why it's valuable, all value is speculative

this sounds like jealousy because we have the best tier money

Are you retarded... that is a graph of purchasing power... 1 dollar bill had a hell of a lot more purchasing power in the 1930s than it does today.. holding it is a loss because of inflation.. do they even teach economics anymore?

The problem with fiat money isn't that it doesn't have something backing it. It is that you let private banks create it as debt you owe to them.

yeah, and paper is so fucking susceptible to melting in the rain.

Agreed.

I know a fellow with over 100K rounds of various ammunition. Ammo is another great investment if you bought it at non-panic price.

Killing brown people is a reflection of our jumbled foreign policy. Pls tell me how lolbergtarian economic philosophy find that each brown person killed equates to a stronger dollar.

With cotton and linen, but mostly paper pulp.

Plastic is an objectively superior material to make money out of.

My city has over 20 craft breweries.

I was thinking about getting g enough people to use a separate currency. Could be anything. If enough people pledged to use it among themselves it could subvert the Fed. Pipe dream I know.

These posts make me feel really NRx today

>decided to go with a GDP chart. THe value of the dollar is derived from internatio...
>.... some ol blow hard bullshit

Nuh uh sweety
Here's the answer:

Let me ask you a question you bury $100,000 in your back yard... or you bury in today's prices 80 ounces of gold.... which one will you want 50 years from now?

>lighting a cigarette with burning plastic $100.

That is what he said.

Take the Still pill.

youtube.com/watch?v=UrJGlXEs8nI

Already is... Bitcoin, Ethereum, Silver, Gold, all decentralized but the best imo long term will be silver, bitcoin and ethereum

>backed by confidence

The issue with not using a sound currency is that it is entirely vulnerable to unfair manipulation by bankers. The Federal Reserve has all the power (and secrecy) in the world, with the unconstitutional capacity to print money from, yes, literal thin air. This leads to unchecked artificial inflation, which renders long-term savings useless and functions as an effective means of robbing everyone. America's wealth is based on debt. Twenty trillion and counting. People are making less money now than 60 years ago because our dollar is worse so little compared to what it was back then. Because the dollar is tied to the random fluctuations of the Fed's printing (and interest rates) and the often wildly fluctuating oil prices. The FED is not your friend, Keynesian economics doesn't work, our economy is not a free market but is socialism lite with an extra authoritarian-military aspect.

He's right you know

ok lets just say, for the sake of argument, that everything you said is true.

What is the superior alternative? If you were placed in charge of the US economy right now, with temporary dictator power that allow you 10 years to fix the whole thing and make it good, what would you do?

You will never answer this question.

american money
>Ugly, faggots on it.
>One gay colour
>Not waterproof
>not tear proof
>all same size
>useless 1 Dollar bills
>easy to counterfeit

australian money
>looks nice
>high tech
>based queen
>see through
>water proof
>tear proof
>size varies depending on value (including thickness)

Because (((they))) can.

but you can buy fuck all with it because our cost of living is so high...

relax bro, the wealth will trickle down soon, they promised it would.

>1776+241
>still cucked by the queen

>1901+116
>Has the ability to have someone like Obama as your head of state just because the retarded population wants it.

My head of state served in ww2 and yours dodged the draft.

there's a million reasons why the Fed exists but the main thing is to control liquidity

even during the worst economic crisis we had in the last 50 years there was never anyone fighting to withdraw all their money from the bank, inflation never devalued our currency to the point of people using it as firewood, and our large debt has never affected us because we always have the ability to pay it back

Then stop holding it like Jews and start spending it on land and firearms, the mountain hermits of today will be the millionares of tomorrow.
t. Transitioning mountain hermit.

holy shit your money is fruity.

id feel gay just holding it

Easiest method to acquire sex, drugs, and rock and roll

You'd have to be pretty insecure about your sexuality to feel gay by touching a piece of plastic

or spend that money on a really fucking big back yard with a small cabin and firearms.

your fucking with me now, right?

Your money is plastic?

yeah

youtu.be/Me9fCKNvBBE?t=409

what the fuck are we still doing with paper money...

Damn this sucks

Gay plastic ufo's with pictures of alf in them that you broke some kids nose over for 10 of them.

Did the spider bite your penis again?

what is an economy?


asking for a friend
=]

topple musselman govts with proxy war to take over (really sieze their means) and establish a central banks using the same debt policies used globally. economics still fit the wars, as they do all wars historically.

Actually, it's backed by $1T p.a. (+ $2.5T every ~5yrs in "unknown unknown$) and this:

I mean seriously think about the amount of resources that backs up the (((private))) bank (((they))) control. Probably all of the biggest companies in the world in every industry.

Well it's backed by the value of the market.
There's nothing illogical or difficult to understand about it.

The dollar is worth as much as it can be made to be worth.
The issue is that the current policies are basically all about scamming the middle class.

Middle class works, earns money, gets taxed.
But the state takes those taxes and then prints even more money it wastes on tons of useless programs, de-valuing the worth of everyone's hard earned money.
Where does the government printed money go to? Programs that are fulfilled by companies that work for the government, which are owned by people with deals with the people in the government.
That's how people get rich with the government.
They get "donations" by companies.
Then they implement programs funded by taxpayer money that goes into the companies or people that payed them.
That's how the money does a full circle.

From government (printed, the value is derived from what people who actually work give it), to programs, to companies, and back as donations to politicians.

There would be way less inflation, unless the price of the precious metals that back up those currencies increases. They act as a counterweight

It's a joke.
Pogs are small discs made out of cardboard, usually with colorful designs or cartoon characters on them.
Sometimes small children in school use them as a form of currency.
Such as tradings pogs for snacks.

please tell me how we did that in Iraq and Afghanistan

If anything the US mostly fights for global stability. When was the last time you spent 3 hours waiting in line to get gas because there was a giant regional conflict in the middle east? This was the reality in the 70s.

You mad that the day of rake is approaching, fucking leaf?

PoAre all burgers pussy-faggots who are scared of their own shadows and hide behind their jew-kraut made weaponry -- proceeding to then use this pusillanimous poofter culture to defend itself?

I mean, I know you slack-jawed illiterates see the meaning of everything backwards, but -- for your sake -- you really should try learn the actual definition of 'irony'

>spoiler
It's not a synonym for 'coincidence'