It is impossible to understand how the kikes have a stranglehold on the world and how absolutely fucked everything is without understanding how the monetary system works. The foundational work of national socialism, "Abolition of Interest Slavery", is meaningless unless you grok how it all works. I don't care much for economics - I prefer thinking about health, family, race, nature, etc - but usury is what funds our opponents, so we must understand why and how to kill usury. In this thread I will attempt to explain it.
HOW CURRENCY ENTERS THE ECONOMY
When the government wants to spend money, the National Treasury (which stores the funds of the US govt) sells treasury bonds. The Federal Reserve (privately owned central bank) then prints currency to buy these treasury bonds. Private Banks act as an intermediary between these organizations, buying treasury bonds and selling them to the Federal Reserve at a profit. The end result is that 1. the Federal Reserve has treasury bonds, 2. Private Banks make a profit, 3. the National Treasury has cash. The government then spends this currency on a variety of things - about 90% of the US budget is medicaid, medicare, the military, and social security; in other countries the spending breakdown varies but in the context of this post we can ignore where this money goes because ultimately most of it ends up in circulation. (Note that the Treasury owes the Fed a return on the treasury bond greater than the initial amount that the bond was purchased for, meaning the government owes more currency to a private bank than there exists currency. The federal income tax was originally implemented in the US to pay the regular coupon - kind of like an interest payment on a bond - from the treasury to the federal reserve on all existing bonds)
When money enters the economy it ultimately ends up in a bank. It might change hands several times first, but it ends up in the bank account of a person or business at a Private Bank. For the last ~500 years, western banking has operated on a Fractional Reserve system. This means that only a small % actually needs to be kept in the bank for daily bank transactions and the rest can be loaned out. Whenever a bank loans out money it effectively increases the amount of currency in circulation. The person/business that takes out a loan spends the money and it ends up in another Private Bank, and the process repeats adding currency to the supply each time. Since interest is owed on every loan at every step of the way, the total amount of debt is even higher than the total amount of currency in circulation.
Anthony Brooks
BOOM/BUST CYCLES - ECONOMIC RECESSIONS
The amount of currency in circulation (ie. inflation/deflation), the amount of debt owed on loans, and economic growth are all proportional to one another, this causes inevitable market bubbles and crashes. When people take out loans they spend that cash to stimulate the economy and currency is simultaneously created by the fractional reserve system. This drives the bull economy of abundance that precedes every crash. When people have money, they pay off their debts. This destroys currency and causes deflation which causes a market crash. Since a much larger amount of debt now exists than the currency to pay it off, there will inevitably be (likely millions of) people who are forced to default on their loans, face foreclosure, and declare bankruptcy losing everything they own. To add insult to injury, in the most recent US recession the few banks that lost money on this were then bailed out using taxpayer money - far more numerous however are the banks that profited off the entire cycle.
Isaiah Williams
RECAP
The Federal Reserve is private owned by a handful of individuals (who also own the major Private Banks).
These (((handful of individuals))) make money on 1. Receiving regular coupon on treasury bonds from the Treasury (your taxes) 2. Interest payments from loans (usury)
If everyone attempted to pay back their loans, all currency would cease to exist before we ran out of debt to be paid. Republicans who say they want to pay off the national debt are talking out their asses - it is literally impossible since our entire economy collapse as currency disappeared.
Economic recessions are caused by tying inflation/deflation to a debt backed currency. Democrats who say they want to regulate businesses to prevent economic collapse are likewise lying through their teeth.
Hitler nationalized the central bank and offered interest free loans (New German families received the equivalent of $44,000 USD in today's money, and this loan would be forgiven upon having kids.)
If you want to cripple the kike-globalists, stop using banks and advocate for anti-usury.
Chase Green
>tfw the most red-pilled thread on Sup Forums gets no replies and is instantly slid by "u mad white boi" bait threads.
Joseph Bailey
tfw
Kayden Richardson
FUCK FASCISTS AND RACISTS
NAZIS AND WHITE SUPREMACISTS GET OFF Sup Forums
THIS IS COMMUNIST TERRITORY
Easton Hughes
BUMP
Christian Jenkins
No.
Christopher Green
Watching thread. Bumped
Jack Evans
>When the Angela realises she agrees with this
Jack Walker
(KIKE WAS GASSED FOR THIS POST)
Nathan Hernandez
...
Daniel Wilson
About 97% of money in the world is actually created by people taking out loans. Booms and busts are created by banks either giving out too many loans (boom) or not giving out enough loans (bust). The 2nd situation leads to debtors scrambling to find the money to pay off their old debts, because when money is created via a loan, only the principal amount is created, not the interest that needs to be paid. But those interests need to come from somewhere, and that is new loans. This means banks can artificially make the economy crash by stopping the creation of new loans. When the economy reaches this point of a bust again, the juden start buying everything of worth (mines, water supplies, houses, airports, company stock, …) for pennies on the dollar. Rinse and repeat ad infinitum and you have a small clique of people possessing more and more of the world's actual assets. What central banks essentially do is make sure this system doesn't crash too hard too soon, they're there to make the boom cycle last longer, and they do this buy buying up bad debt. They can do this because unlike a bank, a central bank doesn't have to balance its books, they can just buy debt with money they create out of thin air (commercial banks also create money out of thin air but they still have to somehow balance their books). What i've noticed is that this system has reached a point where it just doesn't work anymore (the economy is still shit and people jusst can't go into any more debt even with ZIRP) and my guess is that they're trying to do a big reset by igniting a gigantic war. Thank you for making this thread. I've noticed that monetary policy is something a lot of people around here don't know much about, while it is one of the most important - if not THE most important - pillars of jewish power over us. Two books i recommend on this subject are >Web of Debt - Ellen Brown >Barren Metal: Capitalism as the conflict between usury and labor - E. Michael Jones
Lucas Sanchez
>m-muh gold Banks create money at this point, not the fed. The money multiplier theory doesn't even work.
Nicholas Lopez
Germany’s currency and trade systems begin to give one an understanding of the causes of World War II. This was stated by Hasting W. S. Russell, who wrote at the beginning of the War: “A war of financiers and fools, though most people, on the allied side at any rate, do not yet see very clearly how financiers come into it. . . . Financiers also desired war as a means of overthrowing their rivals and consolidating still further their immense power. . . . Hitler not only engaged in barter trade which meant no discount profits for bankers arranging bills of Exchange, but he even went so far as to declare that a country’s real wealth consisted in its ability to produce goods; nor, when men and material were available, would he ever allow lack of money to be an obstacle in the way of any project which he considered to be in his country’s interests.
Nathaniel Evans
This was rank heresy in the eyes of the financiers of Britain and America, a heresy which, if allowed to spread, would blow the gaff on the whole financial racket.” Gottfried Feder (an early mentor of Hitler) had been advocating banking reform as early at 1917, and was ardently against interest slavery and usury. In his Manifesto he stated that the source of the banker’s power and wealth comes not from work, but from “the effortless and infinite multiplication of wealth which is created by interest.” Instead, the German State offered loans for a set price. For example, marriage loans up to 1000 marks were implemented and were repayable in interest free installments. A quarter of the loan was forgiven at the birth of each child. Via this method, people were never stuck paying off an interest charge each month like they are today with the credit card scam, but instead their payment actually went towards paying off their initial debt.
Gavin Phillips
Adolf Hitler describes the National Socialist monetary system in a succinct paragraph: “If ever need makes humans see clearly, it has made the German people do so. Under the compulsion of this need we have learned in the first place to take full account of the most essential capital of a nation, namely, its capacity to work. All thoughts of a gold reserves and foreign exchange fade before the industry and efficiency of well-planned national productive resources. We can smile today at an age when economists were seriously of the opinion that the value of currency was determined by the reserves of gold and foreign exchange lying in the vaults of the national banks and, above all, was guaranteed by them. Instead of that we have learned to realize that the value of a currency
Jacob Morales
lies in a nation’s power of production, that an increasing volume of production sustains a currency, and could possibly raise its value, whereas a decreasing production must, sooner or later, lead to a compulsory devaluation.” He added, “We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark’s worth of work done or goods produced.” The NationalSocialist economy is one based off work and production.
David Rogers
The twenty-five point “Program of the NSDAP” reflected the teachings of the influential Feder. Among these points are: “10. It must be the duty of every citizen to work either mentally or physically. The activities of the individual may not conflict with the interests of the general public but must be carried on within the framework of the whole and for the good of all.”
Within two years of Adolf Hitler being elected, the unemployment problem had been solved and the country was back on its feet. It had a solid, stable currency, no debt, and no inflation, at a time when millions of people in the United States and other Western countries were still out of work and living on welfare. Germany even managed to restore foreign trade by using a barter system: equipment and commodities were exchanged directly with other countries, circumventing the international banks. This system of direct exchange occurred without debt and without trade deficits.
Jack Hall
Stop posting
SLIDE THIS
Jack Jackson
Except that people haven't had the money to pay off their debt for years, the economy crashes not because people pay off their debt, but because the debt simply stops growing thus stopping demand growth, effectively creating a recession even if the GDP is still growing. You have the money supply contraction after that, when the debtors go bankrupt and banks stop lending.
Colton Hernandez
Also incase anyone is wondering why Russia is being made a boogyman by kike media.
Russia doesn't have Rotschild central bank. Russian central bank in 100% state owned, and the 3 major banks (Alfa, Sberbank, VTB) are either partially or completely state owned. All the corporations dealing with natural resources - Lukoil, Gazprom, Nornikel etc are state-owned. The whole military industrial sector is state owned.
The kikes ain't got shit on Russia.
Isaiah Ramirez
You know white privelege is real when you see a bum with nicer shoes then the ones on your feet. Slave to debt for working and having a child.
Chase Hill
Why not a word on Jekyll Island ?
Landon Russell
There's nothing special about the Federal Reserve. It's just a central bank. Many countries have them and none of all the crap you say it's inherent to the Federal Reserve even happens.
>I'm a dumb fuck look I shortened your bullshit The Federal Reserve is the foundation of modern slavery.
Blake Hernandez
You are just retarded, honestly. Would you rather print money without anything backing it up, and cause deflation?
As it stands, owing money to the Federal Reserve is the safest debt you can have. The Federal Reserve will never make the USA default on its debts.
Nicholas Ward
...
Nathaniel Baker
why have a "safe" debt when there can be no debt at all, money=work/produce
Brayden Walker
You must be really young to think that. Because 2008 is calling he's not happy and that is only the most recent one. By what do you think the federal reserve back this money ? Do you even know how fractional banker and federal reserve work or you only fear the big bad inflation meme ? Educate yourself or gtfo of here.
Samuel Garcia
...
Dominic Barnes
You do know that Nazi Germany also used this scheme, right? Borrowing money from their central bank? So that they wouldn't need to ask money to other countries??
Nicholas Ward
>do you even know No he's talking out his ass like a retard.
Colton Adams
2008 was caused by Lehman Brothers, a German private financial firm
Sebastian Allen
>You are just retarded, honestly. Would you rather print money without anything backing it up, and cause deflation? Law and taxes back up a fiat currency. How would you cause a currency to deflate by printing it? There are very few differences between fiat and debt money in this respect, both are backed by abstract concepts and the inflation profits someone. In the case of a debt based money the banks get to spend/lend it first, in the case of fiat the govt. does.
Dominic Parker
they used it to finance the war of that ego maniac who hijacked the nazi movement to create a personality cult
you got to admit that the Rothschild and hidden monarchy are pretty smart
Jaxson Torres
Good thread. I have a bs in economics and all of the topics you touched on have been hiding in my head since graduating with my "useless" degree. I hate seeing friends family and coworkers fall victim to banking tricks and wealth traps.
William Morgan
yes, but the leaf explained it all very nicely, you're just a retard
Wyatt Robinson
2008 was caused by fractional banking and usury existing you cuck. Without these, no bank anywhere would have been able to affect that as it did.
Ayden Lee
2008 was caused by the massive accumulation of private debt which stimulated demand growth until it stopped growing causing a drop in demand and recession. levyinstitute.org/pubs/wp74.pdf short version if you care at all.
Gabriel Edwards
He's lying too. Treasury only owes $2.4 trillion to the Federal Reserve. In 100+ years, the debt has only gone up to $2.4 trillion. In one year, America produces $15 trillion in value. >wow, totally out of control
2008 is what happens when a big (private) bank (almost) goes bankrupt because they mishandled their investments.
Jaxson Adams
>Lehman >German
Camden Ross
i don't give a shit about america
Angel Hernandez
naive is the only word I can think of right now
Jason Turner
America has neither inflation nor deflation problems. It's always hovering around 0-2%
Elijah Butler
That is not the issue. The issue is who profits from that inflation. You are essentially paying 0-2%/yr to private banks. How do you justify this?
Luis Collins
And thats why you buy crypto or gold/silver
Jack Cooper
>How do you justify this? The alternative is printing currency based on nothing like socialist shitholes like Iran, Argentina and Venezuela... and have >30% yearly inflation
Joshua Bell
So when banks print currency backed by nothing but an abstract concept it's completely fine and doesn't cause inflation but when the govt. does it it causes inflation. Inflation is caused by an expansion in money supply (or the growth in the expansion of the money supply depending which theory you adhere to) , if the govt. were to print the same amount of money as the banks do the inflation would remain largely the same. Bad as money.
William Sullivan
Good thread OP, rare in Sup Forums these days
Xavier Lopez
>(((Lehman))) >German
JIDF leave this thread.
Adam Hernandez
>inflation is caused by an expansion in money supply lolno
money supply has doubled since 2007 prices haven't doubled or even gone up that much
Camden Martin
bump
Carson Lee
If this is true why taxes cant just be abolished. If we are creating money out of nowhere how come we still have to pay taxes?
Tyler Cook
M2 growth has been mostly constant since the 90s, also money velocity, etc. plus the whole thing of the USD being the reserve currency. fred.stlouisfed.org/series/M2SL There is no reason to believe that changes in money supply do not cause inflation or deflation.
Jacob Sanders
Ov Vey, inflation is good goyim. Let me take all the the shekels and collect our money through usury via IRS.
Christian Bennett
it's not "out of nowhere", the money has to be paid back in the future
Liam Murphy
God, you are a retard. Money stock is a subset of money supply.
But federal reserve can simply write off the debt if it wants to?
Asher Taylor
>when there is a good leaf post it excels in quality interesting stuff
Nathaniel Harris
There has never been a situation where things got so bad that it was necessary.
Again, USA only owes 2.4 trillion to the Federal Reserve... after 100+ years of borrowing money
Tyler Wood
Thanks for the good thread, leaf. Bumping.
Easton Davis
Bumping for knowledge
Jordan Bennett
>Currency in circulation includes paper currency and coin held both by the public and in the vaults of depository institutions. Bank deposits among other things function as money in the current system which is why you use M2, physical money is almost completely irrelevant at this point. Money stock and money supply are terms used interchangeably
Gavin Lewis
M2 has nothing to do with the Federal Reserve printing money / debt.
It's private banks receiving money and guaranteeing their clients that should they ask for it back, they will receive it. Even a highschooler knows that banks would go bankrupt if everyone actually tried to get their money out of the bank at the same time. But how is the Federal Reserve to blame for that?
Noah Harris
Good Lord, you're really a good kike shill. The imperial agents must pay you well, Bubba...
Bentley Wright
Who knew a leaf could be so based.
Nolan James
I'm not the one blaming the fed, they are just another part of the system.I'm against the idea of the whole debt as money system.
Dylan Green
>I'm against the idea of the whole debt as money system. What's your alternative? Protip: 1) If it exists, it is significantly worse (see: Muslim countries / socialist countries) 2) It doesn't exist, it's probably unfeasible
Jonathan Flores
bump
Carter Butler
A private bank cannot guarantee their clients get their money back without debt you monkey. They don't have the funds available, it's FRACTIONAL. They take your 10k deposit and spend most of it on giving out loans. If you want your 10k back, they give you OTHER people's money who have deposited, based on the idea that the interests and debt from those loans will keep giving them the money they need to pay clients back if needed.
How does this have nothing to do with federal reserve and debt?
Isaac Anderson
It has nothing to do with the process in which Treasury borrows money from the Federal Reserve / the Federal Reserve prints money.
You sign a contract with a private institution and agree to their terms -- you can also hire a safe and put your cash on it, if you don't like it.
Matthew Anderson
>What's your alternative? Protip: >1) If it exists, it is significantly worse (see: Muslim countries / socialist countries)
Stop Moshe...you're so obvious...Muslim countries are shit because the US and Israel are bombarding them and dropping white phophorus on them. Oh...and financing (((ISIS)))...
You are a moron. Not every Muslim country is being bombed, and they are still shit.
Elijah Collins
It all has to do with that process, and I can do that, sure. But if I convince a large enough population to do the same, ala Nazi Germany, then it becomes a problem they have to deal with, get it? It's not about me and my funds it's about everyone and the debt based currency systems.
Wyatt Foster
Fiat. >1) If it exists, it is significantly worse (see: Muslim countries / socialist countries) Pretty much the whole world uses the current system. Islamic banking is a fucking meme and they still end up with debt money. As for "socialist countries" which are you referring to? As long as the countries allow the creation of money via bank created deposits you still have the same system and I couldn't name a single country off the top of my head that doesn't except north korea or some shit. >2) It doesn't exist, it's probably unfeasible Existed several times in history, early republican Rome, Sparta's iron money, US greenbacks, etc.This post is mostly sums up my opinion, although even with this system you would still have the issue of debt accumulation as presented by Minsky in his Financial Instability Hypothesis
James Turner
you can also convince a large amount of people to overthrow the government...
so what?
it's a big if, not worth accounting for it
Gavin Nguyen
You're certainely not helping them(i know you're a kike) by dropping white phosphorus on them, fucktard. Anyway, kikes and their supporters are a real cancer and need to be remove.
I would like to point out for the faggots: Hitlers national socialism economy only worked because it was not national socialism,but a war economy disguised as a natsoc economy. War economys tend to backfire when you run out of conquerable resources. Also he couldnt even start the war economy without international banking help.
Jose Bell
Just so you're aware, the man in that picture is Jacob Javits, ex Republican Senator from New York. He never said this, the quote is attributed to an intern of his
Jonathan Sanchez
>usury is bad Can I borrow a thousand dollars? I promise I'll pay it all back, not a penny more, in 5 years.
David Allen
JIDF posters. Take note of how they are all flag posters. The newflags on Sup Forums make it easy to hide the Israeli flag without a proxy making it easier for JIDF to blend in. Also note how he has a ready response to a meme because he has had to debunk it so many times before.
Michael Baker
Not the point. Besides that the first thing to fix would be the monetary system and that can be done without completely eliminating loans and interest, even if you were to ban usury you could still finance businesses via systems such as the ones used in Venice (en.wikipedia.org/wiki/Economic_history_of_Venice#Forms_of_company) or via equity financing in general which is a better alternative in most cases (still doesn't avoid thought unless you impose some laws limiting bank equity and usury laws in general).
