There are no budgets. Your taxes don't go to pay for any services a modern nation enjoys. Your nation is in debt. Your taxes go to pay the debt, and make your nations credit rating better. Any nation can just print new money as it wants. This devalues ALL currency in circulation. So unless your wages are keeping up with inflation, you are losing out. Minimum wage ADJUSTED FOR INFLATION since 1972 would be about £40 per hour!
All public servants on the public payroll (police, soldiers, judges, court clerks, bailiffs, street sweepers, MPs, Congressmen and women, Senators, Presidents, Prime Ministers, Civil Servants, CIA, Mi6, Mi5, FBI, etc. etc.) are NET TAX NEGATIVE. They pay income tax................but the're paid WITH TAX REVENUE. So they are leeching off everyone around them. The bill for all these "employees" is far greater than is collected so the nation just prints more currency.
>Your current state is robbing you! >Here, take this other system that is worse to replace it with!
Michael Sanders
The sooner it happens the sooner another Hitler will rise and we destroy the Jew menace for good
Luke Watson
Real money or educating people to understand they need to keep up with inflation, so 1 £ or $ or whatever can buy the same amount of goods for the son as it can for the great-grandfather.
Otherwise we will have a generation of insolvent institutions (boomer run institutions) leeching off the incoming generation (everyone else) who can never afford a life.
Or maybe you just "work" for government................
Dominic Johnson
bump
Jace Ross
We have a nationised central bank but still (((purchase))) 90% of our money with interest paid for by the taxpayer. The money masters by bill still is a very good documentary on the subject if anyone's interested.
Andrew Davis
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Liam Torres
He's right though.
High taxes, bureaucracy and central banking are ALL heavily advocated in the communist manifesto. Read it, they're commie ideas.
Easton Torres
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Nathaniel Myers
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Caleb Martin
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Carter Robinson
,
Nathaniel Thomas
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Anthony Parker
>
Robert Hill
> oppic Uncontrolled money printing sure worked well for Zimbabwe, post-collapse Russia, Argentina, Venezuella and many other retarded commie countries, huh?
Adam Thompson
Spot on with these mate. Keep it up, you're not alone. Commies are going to get their helicopter ride.
Don't forget they also seek to control the means of transportation and viciously attack hobby groups of any kind.
They are anti-family because loving another individual is an idea they cannot tolerate. You should love the state, not your children.
Commies not only want to seize your property, but your children. They are worse than the most vile pedophile, more predatory and cause more damage to a child's mind, making them into a worthless husk reliant on the state.
Commies are child abusers. And they gloat about it.
Ryder Barnes
You are preaching to the choir here, but then again there are lots of newfags here now, but I doubt they have the mental capacity to study this. Archive incoming.
A good video if you would like some more red pills that are eloquently and cite-ably ordered into a video with good narration.
Yes I know about the pedophilia problem. There is a ex member of a dark occult coven named mark passio who says police were used like dogs to protect ritual houses. Really sick shit. Order following is not a virtue, that's for sure.
Jackson Ramirez
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Carter Jenkins
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Ian Miller
I don't just mean in a sexual sense here. Communists infect the minds of children to make them weak. They destroy individuality and seek to make the child only capable of functioning in a communist state.
It's the highest level of child abuse and commies are practicing it RIGHT NOW in our schools.
I really want to see commies labelled for what they really are. Child abusers.
Nolan Robinson
Yeah, but I'd rather see this then a tenth 'whiteboi cannot compete' thread. Sometimes I think that people actively avoid talking about this so they can bring up muh degeneracy or some other symptom as being a slave scares people.
Ethan Williams
>Minimum wage ADJUSTED FOR INFLATION since 1972 would be about £40 per hour
Stop listening to Corbyn. There wasn't even a minimum wage in this country until the late 90s
Brody Evans
>All public servants on the public payroll... pay income tax................but the're paid WITH TAX REVENUE
Wow, you don't fucking say. It's almost as if they do something for our nation and people
Nolan Lewis
I know what you mean. People who want to destroy a nation convince its people to destroy themselves. And so the fractal pressure of degredation is unwillingly and simultaneously unknowingly brought upon its children, and they are the definition of innocence. Sexualization is getting younger and younger, and this only gives the pedos a larger array of choices. We are like a breeding zone for vampires, except these vamps are kiddie diddlers and adrenochrome addicts.
Also look at the beginning of the video where he proves Judaism is Saturn worship.
Henry Parker
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Justin Morris
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Luis Reyes
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Carter Morgan
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Jacob Bailey
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Lucas Lopez
Saved.
Samuel Watson
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Angel Flores
>why? because otherwise, the currency would become worthless, silly.
Elijah Howard
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Ryan Hill
yes i am aware there was no official minimum wage, but the minimum wage for zero-skill jobs in 1972 equates to about £40 per hour now. I don't even advocate a mandatory minimum wage, I advocate real money or educating people to understand they have a right for their fiat currency to keep up with inflation so each generation is earning the same value per hour as the last.
I'm obviously not advocating socialism and don't listen to Coryn.
Owen James
Absolutely brother, I agree 100%. Thanks for sharing.
Carter Davis
How many public servant did we have at the height at the British empire and how many do we have now? We have far too many this is a communist state all these made up jobs need axeing, the government should be small and localised as possible
Nolan Price
Yes - I am pandering to newfags and others who might be ignorant on the subject of economics (commies)
Grayson Brooks
America was at it's greatest with a small govt.
The bigger govt gets, the worse it gets to live and the more commie it gets.
Easton Sanders
no - they do nothing productive. They only leech. You may as well pay them to sit on their hands. The idea to employ so many people is to increase the budget allowance.
I used to fit office furniture in police stations and we were replacing perfectly good and often almost new furniture with similar condition new furniture. This happened at the end of a budget-year and when asked, the guys working there woud openly say "we have to spend the money in order to get the same budget next year - or greater budget" so they were just giving it out for anything they could - ie furniture they didn't need.
Ryder Mitchell
Hey can you show your calculations for £40? In the US it would be $15-$17.
Before 'The Coinage Act of 1965' the minimum wage was 5 silver quarters, or .220462262 per silver quarter x5. That's about 1.10231131 ounces of silver in melt value. The price of one ounce of silver today is $15.67.
If today we were "keep up with monetary inflation" (that is so to say, that precious metals aren't a suppressed market) our minimum wage would be $15-$17. Personally I'm for abolishing the minimum wage, but you get what I mean. Sound money is more important than MUH minimum wage, its more like Keynesian tactic to hide the fact their economic ideology is dog shit.
Hunter Torres
thanks for your contributions. I saved every one
Jayden Mitchell
Yep big governments and central planning is where it always goes wrong
Ethan Jenkins
its just good to not be in another retarded thread, hopefully we can redpill some normies or shills too!
Caleb Sanders
It's always amusing when economic posts come up. Apparently modern currency isn't 'real' because you can print it. Boy, I have news for you, no currency is real, not gold, not dollars, not BTC. An economy and it's value is worth as much as the goods and services it produces, and nothing about the medium used for exchanges changes that. Gold was just popular because it was scarce and shiny.
Central banks just control the money supply to have more flexibility with credit. If you can control interests rates and capital, it can create more debt, which in turn can be used to fund businesses, manufacturing, construction, education, or whatever else you can finance. Inflation is also a good thing, in their eyes, because it discourages hoarding (THE flaw of BTC). Instead, it's put back into the market. Almost all money is either spent on goods and services, investments, or paying off debt. A currency that appreciates in value exponentially is bad as one that decreases.
Of course, there are downsides and skepticism about this. Having an organization that controls the money supply is not something comfortable, or democratic. If it is gold based, people feel enabled by being able to 'create' currency themselves, via mining.
Remember taxes were less too since the currency had greater value. Currency devaluation affects earning AND spending, so boomers earned more VALUE and had less tax burden since their currency went further.
There is an inflation calculator for the UK, but I read the £40 number in some article that went into more depth about how they reached that number.
Dylan Powell
Non of that matters because this current currency system is completely fucked, if they could of fixed it by now they would of done. 0 percent interest rates for 9 years the world over, gold or btc or something else is going to have to replace it
Joshua Cox
The point I'm making is: We have a right to earn the same VALUE per hour as previous generations and we have a duty to retain that value for future generations so they don't end up working the same hours for less value - regardless of number of $ or £ per hour.
Also, public servants aren't employed to work their jobs - they're "employed" to "work their "jobs".
ie. They're new age commies.
Isaac Thomas
Because money isn't real. Value is real, and value comes from intrinsic utility + labor.
> To a layperson, MMT can seem dizzyingly complex, but at its core is the belief that most of us have the economy backward. Conventional wisdom holds that the government taxes individuals and companies in order to fund its own spending. But the government—which is ultimately the source of all dollars, taxed or untaxed—pays or spends first and taxes later. When it funds programs, it literally spends money into existence, injecting cash into the economy. Taxes exist in order to control inflation by reducing the money supply, and to ensure that dollars, as the only currency accepted for tax payments, remain in demand.
i own physical gold. gold should be in everyones portfolio
whats in your safe?
David King
Modern monetary theory as failed already. Hence the 2008 bailouts. We live in a communist society as far as money creation is concerned - and its failed.
see pic:Our societies are totally socialist. yet people protest "capitalism" - the brainwashing process is complete
Lucas Reed
gold and silver
Joshua Taylor
Modern monetary theory fractional reserve banking Keynesianism
expressed in a nutshell
Christopher Russell
guns ammuntion gold and silver thats whats in my safe. civilizations come and go but precious metals are eternal
Henry Cox
yeah man - feels good to have gold and silver to hand. feels waaayy better than having currency in the bank. the insolvent boomer-run bank thats just waiting to seize the currency to fund their nonexistent pensions.
feels bad I can't get a gun being in the UK
William Scott
Just FYI, Saul Alinsky never wrote any of that.
Noah Morris
yeah it does feel good. i took my dads advice years ago when he said 401k's and blue chip stocks are nice and all but gold isnt smoke and promise and buy it when possible. the last part of your reply is why i pray for Britannia
Ryan Reed
get into crypto mang let's raise dat marketcap to the skies
Aiden Harris
Why would you use the melt value of a quarter rather than it's face value and an adjusted purchasing power to try and find the inflation change over time?
Easton Ortiz
If you go to the store with a 1964 silver quarter the cashier doesn't see a difference between it and a 2017 quarter. However, if you melted it down, sold the silver in weight, retrieved the dollars for the silver in weight, and then went to the store with those dollars you would have $15 and not 25 cents, and thus the cashier would be willing to accept $15 for $15 of goods and not 25 cents for $15 dollars of goods. You can't look at it with face value anymore, because all other tenders aren't seen as legal currency (gold silver btc etc) they're considered assets.
Isaac Brown
Perfectly acceptable, if you are a socialist, or communist, anything that defines the plans of those people can be attributed to anyone of them anyway. There are no good socialists or communists. They are all subhuman and lack neocortexical activity.
Was the 1964 quarter's silver amount adjusted to equal 25 cents with of silver in 1964 dollars?
Matthew Brown
crypto has even more barriers to value than fiat currency. You need a power supply and internet access.
I don't trust it one bit
Robert Roberts
The (((Elite))) fears this knowledge in the hands of the Plebs far more than any group of white "supremacists." Spread the word on this to every person willing to listen to it and watch the (((Elite))) explode in a quaking fit of rage.
Zachary Collins
not knocking your opinion, however: civilisation depends on power supply (think fridges, el. stoves, water heaters, A/C, entertainment, information, comms...) internet is highly available nowadays (fiberoptic, xDSL, cellular) we're already balls deep into cashless in practice
Logan Morris
If you want to make an omelet, you're gonna have to break a few eggs. How can you not realize this? Even if you aren't a socialist, you surely, must admit, at least they aren't caught up in moral conundrums and realize to get from point A to point B, you must do C.
Let me be clear, I'm not a socialist but the "muh 100 million", and "muh gulags" aren't arguments, ever were, and never will be.
Jason White
>falls for cryptofiat meme
Joseph Cruz
what's not to like about a deflationary decentralised currency that's practically impossible to counterfeit and expropriate? can you point out any advantages of (((central banking fiat))) over crypto outside current application and marketcap?
Gavin Anderson
I agree, OP. >15 posts by this ID Thanks for not being a bot. This is redpill. God bless you man, may we all find a way out of this societal cesspit.
Jaxson Perry
I can point to advantages of government fiat currency, so long as it's creation and distribution were set by rules at least as hard to change as a constitution and those rules were not setup to profit the banking sector.
I'd rather have static currency value rather than inflation or deflation.
For all the advantages of crypto currency in terms of online exchange you could create a national system of similar cost and faster speed for citizens and business to use to exchange money securely.
In terms of value as a point of monetary policy I don't like the potential risk of cypto currency if we have a massive advance in computational power if the currency is a never ending creation algorithm. It's sorta on the same scale as gold backed currency having someone start dropping trillions in gold from space mining into the system.
Carter Davis
I have to point out that your analogy with space mining is false at this time every crypto is denominated in BTC, BTC has a lifetime hardcap of 21MM; it's inflationary at this moment since fresh BTC are created (in addition to tx fee) as rewards for mining on each successive block on the blockchain, however this reward halves every so often and what will remain in the end are only tx fees to miners
Cameron Rogers
I was thinking of other CC not BTC because BTC does have a max size. Don't the others have a much smoother hardness curve and no cap?
Oliver Turner
it differs wildly since there are loads of them nowadays, however BTC it the gold standard; the more money flow into altcoins (their marketcap) usually the higher the BTC price even ETH, the most accomplished altcoin can't divorce from BTC and is affected every time there's a significant price swing in BTC, namely on dips
Elijah Robinson
Today I learned that bitcoin isn't in circulation >really makes me think
