So we have Yanis Varoufakis, former head at Gabe Newells Steam, is now Greeces finance minister, and on the other side we have GERMANYS finance minister Wolfgang Schäuble.
They're both in a room, and Wolfgang turns to Yanis and says, pay attention to this quite /POL :
"Your Nations democratic process (Elections), COULD NOT BE ALLOWED to interfere with the economic policies being implemented in Greece"
In my search for the truth this was the hardest one to swallow, I know we like to LARP and call names in some healthy positive nihilism in this board but this quote destroyed me, because it confirmed every suspicion that I or this board had about who really is in control.
Democracy is dead, banks are in charge and we have 0 power, and I hate to say this but with this quote in this context Jeremy Corbin would have my vote simply because he wants to USE DEMOCRACY to change things and challenge the ones in charge, there's a reason the (((BBC))) didn't get him enough covering, there's a reason they played the anti Semitic card, there's a reason the manifesto got leaked.
And at the heart off all this is the refugee crisis, what a mess.
Fuck I know most /polacks don't read but can anyone here with a half a brain reply so we can have a nice discussion, Israelis you guys are smart where you at.
Jaxon Garcia
My reply would be that socialist policies are not a good way to tackle "the banks", since they exist with the state hand in hand, without socialist policies they would never have grown this big.
That is why a liberal(classical) approach is needed to tackle the problem.
Thomas Jones
But how if you can't even get control, did you see that quote above? That came from the fucking finance minister of Germany, fuck your country, fuck democracy, we own you, that's it.
Fuck this black pill
Noah Campbell
Keep in mind that he lies a lot, because that's how he gains money and publicity and will write whatever helps him get more book sales.
Blake Butler
I need proof, I need you're a greek and all but I just watched a talk by him where he made a very good point on the future being a dystopian matrix or something out off star tek, and at the moment we're edging to the matrix, the refugees being a bullet.
Jace Reed
I'm surprised your country hasn't fully come apart yet. I expected revolution and political violence but it seems pretty calm, though beaten down.
Adam Williams
Democracy was always a tool used by the merchant class to overthrow the monarchs. Only the aristocratic class was bred with intellectual and moral fibre as a selection criteria. The rabble we're mostly bred to be farm equipment. We need to return to rule by those who were born to rule.
Christian Collins
It's pretty much obvious. But maybe during 2008 Ron Paul times when I was redpilled on the Fed.
Jack Robinson
And yes, real Nazis support "Kike Slayer" Corbyn.
Luke Barnes
Here comes the problem: No matter if banks are state owned - and usury is officially criminalized - or without restriction, as long as there are central banks - that are additionally even owned .... I mean ... led ... by some clan "boards" - then you can rant as much as you want about >muh bootlicking >muh commie >muh socialism and the like. In order to control the system, it must collapse. You can either have a hard reset, aka global societal collapse - which, quite frankly, WILL NOT happen - or you can have a soft reset, where the right (and the right amount of) people will get in charge at the right time and manage to abandon central banks and all that bullshit.
Well, that's my opnion. The whole debate about "left vs right", "NatSoc vs liberalism", "Ancapism vs statist systems" is just leading discussion astray to give people false enemies to hate.
God help us all.
Benjamin Baker
Now there are no aristocrats though. The dysgenia has hit too hard.
Jace Cruz
When did I personally? about 4 years ago, its been known for a relatively small amount of people for the past 100 years.
Andrew Rodriguez
HAHHAHAHAHA
IMF Internal Meeting Predicts Greek 'Disaster', Threatens to Leave Troika :
Not saying it is a lie, but he has been caught just straight up lying on tv multiple times. >future being a dystopian matrix or something out off star tek Like I said, he writes controversial stuff that make him popular, and will write ANYTHING as long as people want to read it.
Ryder Ross
The first time I paid off my college debt, it got moved to another company and re-claimed as debt.
Jayden Edwards
>The whole debate about "left vs right", "NatSoc vs liberalism", "Ancapism vs statist systems" is just leading discussion astray to give people false enemies to hate.
THIS THIS THIS THIS EXACTLY THIS IT'S SICKENING SEEING THESE "SKEPTICS"TALKING ABOUT MUH POLITICS WHEN THE ONES IN CHARGE ARE RIGHTIN FRONT OFF US.
This is the final red pill.
Chase Cruz
>You can either have a hard reset, aka global societal collapse - which, quite frankly, WILL NOT happen Difficult but not impossible, have Germans lost all their fight?
Angel Edwards
I went through the rabbit hole with some youtube documentaries on currency, FIAT money, money as debt and money creation, also the gold estandard, intrinsic value etc.
Yanis Varoufakis is a marxist POS
Dylan Cox
Bump. I really expected Syriza in Greece to go rogue and break away from the Euro. Truly, it is futile to expect electoral politics to achieve any real change in today's world. We need an old fashioned socialist revolution which will lead to a re-evaluation of all the values that today's capitalist system holds so dear.
Bentley Thomas
Varoufakis is a neoliberal
Matthew Morris
>I really expected Syriza in Greece to go rogue and break away from the Euro. >being this retarded
Only ones who would have done that are Golden Dawn
Joseph Collins
>Wolfgang Schäuble: I don't care who wins elections, just stop wasting european money >Sup Forums: jews, banks, globalists, conspiracy, degeneracy!
Wyatt Morgan
I hate to admit it, but yes. The ruling class - as in: basically 95% of people in politics - are 100% corrupt, corp. and central bank owned. Academia is (I work in a university and can speak out of experience) passive - when it comes to hard sciences [except the positions are at stake] - or totally pro system - as in: "democratic socialism", e.g. state owned shit and more regulations but the central banks get more influence - when it comes to everything else. Then you have the "normies" so to speak, that are simply afraid of speaking up, because jobs (indoctrination here works quite well - is says that you're a worthless piece of shit without a job) and when they're jobless, then because of repercussions from state-side (Arbeitsamt) so they deny them the money/rent/new jobs.
We do have people that speak up - but only either in a "controlled manner" (that is: "populists") but are thrown under the bus all the time as delusionals, no matter if they're right or not, OR the thug groups that behave like literal nogs - as in: neonazis, antifa and black block people and all that bullshit. Which are, quite frankly, 99% controlled opposition.
Neonazi party NPD is a great example: It consists of approx. 30% state-payed snitches or undercover agents. They are openly nazi. Now comes the joke: There were 2 attempts (within the last 10 years) to ban them. First time they refused to in order to literally save the identities of the snitches. Second time, last year, they literally said >party is definitely unconstitutional and must be banned >no ban nontheless, because "too small and irrelevant" >5 weeks ago a law was passed to """cut""" their funds Really made me think
Nathan Sanders
Here is what you don't realize is happening. Democracy is when 51% of people can vote to take away everything from the 49%.
So banks protect their investments. They bought IOUs from Greece, now Greece wants these IOUs gone, and banks object. There is nothing wrong with that.
What is wrong is that the same fucking 51% vote to fuck the other 49% and those who are not represented pay for banks and the desires of 51%. That's where the problems lie.
Democracy or not, Greece should pay their debnts, because they raked them up catering to the people who voted politicians into office. Greece had no problem spending that money. The beneficiaries should figure out the way to pay for it. It's called rule of law. Most people don't get it because we are all to far gone to understand that state can only redistribute the money and the bankers just protect their interests. We should also protect ours, not complain about banks protecting their money. And banks do fucked up shit, but in this particular case the banks want to get paid back for providing loans backed by the people of Greece, and there is nothing wrong with that.
Connor Rogers
addition:
That is to say: I do have hope and I will do my part. But we need to do it subtly so to speak. Too much and you're in jail, too less and you're thrown off as delusional conspiracist. Literally living on the edge societally and politically speaking.
And that being said, not everyone ducks away. But we need to be extraordinarily cautious otherwise all effort will be undone in a wild police state-frenzy. So don't get me wrong, not everyone is fucked, but most people are either caught in what I said above ("proxy debate" to hate ANYTHING else than what is actually the problem) and straight up delusion or they keep quite to not be ousted from society
Mason Butler
Only a carefully synced revolution in Europe can reverse this. Just procrete with a white woman and creat atleast 5 white children. i'm confident that within this century a major uprising will commence.
Leo Williams
Yeah. I coined it proxy debate, because I'm a smartass. But it's essentially the way to do the D/C.
Carson Thomas
>COULD NOT BE ALLOWED Well yeah. Greece isn't the whole EU. Greece doesn't own the Euro. There's things they can't do, like spiraling in debt, not paying creditors and damaging the trust in Euro and affecting all other countries with Euro.
You'll notice there IS a way for countries to leave the EU but there is NOT a procedure to "kick out" a country, so that is pretty much the only thing Wolfgang could say. The people of Greece doesn't have a constitutional right to fuck the EU. They could leave but this wasn't really on the table.
Imagine you shared the US dollar with another country as its only money. And that country would take tons of debt, "creating" tons of dollars and inflation. Then this country can't repay the debt and creditors lose money, making them fearful about dealing in dollars, including with the US who did nothing wrong during that time.
Brody Carter
Create a revolutionary group, secret-societies. when the time comes we will do it. we need to make the world (((they))) created to burn in order to create a new one.
Hunter Hill
When did you realize nobody was in control, the machinery of government is actually so insanely broken that no one vision or plan can be effectively enacted, instead various nongovernmental power centres such as banks, media orgs, universities, NGOs, multinationals compete/collaborate with the actual nominal governmental power centres such as the military and civil service in a giant game of fuck everybody, all because we're such fucking pussies we can't actually just pick a guy and crown him King.
Connor Harris
>WILL NOT HAPPEN,
well lets look at history, oh it is most certainly going to happen
Joseph Stewart
>become part of EU >somehow not being a souvereign country anymore
You realize that the problem is "interest" in first place, right ? It's not nations being assholes, it's central banks throwing out money like candy, charging interest and throw out more money WHILE SOMEHOW BEING FREE FROM DEBTH THEMSELVES.
Look at the fucking situation >greece you nigger pay dentbs >o-ok but got no monies >alright sell your whole country mostly to me, because my EU dick is so big >o-ok .... here have some 5 billion shekels >alright, where's the rest >ehrm ... there's no more >alright, here have a fresh credit with additional interest charged >o-ok .... t-thanks master ... here have your money back ...
Gavin Kelly
Read these two books to understand how bad the problem is.
The Creature from Jekyll Island
Web of Debt
The first is by a guy on the right. The second is by a woman on the left. They both cover much of the same material.
Wyatt Nguyen
Cmon dude you don't think a matrix like future in europe is possible? You know what I just saw outside my house.
6 african females, all fat, 3 off them with kids, now knowing that IQ is correlated to Obesity and having children what do you think the final result over decades off this is, meanwhile my cousin is 34 with a masters in mechanical engineering and is going to have his first and only kid, WE ARE FUCKED.
A total nationless free europe, no morals or passion for the common man, it's going to be an ayn rand nightmare, I'm not getting trapped in this shithole.
Good name.
German I'll post my email here in 5 mins, I would like to keep in touch
Camden Turner
...
Owen Bell
I will, I really will, I heard about the Jekyll Island before, what is it about? Thank you pirate.
Xavier Cox
...
Tyler Cooper
when I looked into WW2 and how the Jewish banks fucked it's economy and how when he kicked the Jews out and the banks out. it all became better
Luis Bell
History has shown only that you and and your UK fag mates initiated countless wars, because your overlords told you so.
Thanks for making WWI an ideological conflict instead of some feels/soil shit.
There will be NO hard reset, except when every technologic institution around the world will be destroyed at the same time without remorse. This will not happen. You're delusional if you think it will.
Leo Jackson
You realise we keep giving more and more money to Greece while forgetting debt. Of course it's not the fault of most of the people of Greece but you shouldn't let a country have such a huge deficit for such a long time, if you keep voting for parties willing to keep spending, it's no wonder those things happen.
Also >become part of EU >somehow not being a souvereign country anymore It's the case anytime you sign a treaty of any kind. You engage your country and bind it into following certain rules and you can't do whatever the fuck you want without breaking the whole treaty.
Because of NAFTA, the US can't raise taxs on Mexican products without breaking the whole treaty, including free trade with Canada.
Andrew Martinez
It will, we'll force their hand.
Gavin Turner
The Federal Reserve was a plan designed in secret to dupe the American people into allowing a central bank to be created and for that bank to create unlimited debt-money out of thin air.
Do you honestly think that Corbyn can solve this? Even if that happens, you'll just have other people fill in the power vacuum. And those people will probably be communist.
>Lol yes im delusional for thinking we will start another war to end all wars. Get a clue
INb4 major war in the next 50 years screen cap this!
Adam Gutierrez
funny enough I just watched that yesterday, really is pretty red pilled doesn't know everything and hasn't connected all the dots or atleast he has come forth about it
Nathaniel Price
Someone ripped off Thomas Sowell.
Ian Thomas
Very very interesting
So essential according to him(so far)
The french and the germans are battling it out, fucking baguettes and krauts should just battle to the death
Nolan Clark
Momentum, pls.
Benjamin Ross
We're not "forgetting debt". We say "pay some less as long as you pay some". And since Greece is at its knees since practically 2007 they had to sell pretty much half of their country. Airports, energy businesses, other important infrastructure - owned by German private businesses. And now, because they have nothing, all we're (as in: we as well as the shitty ECB) doing is giving Greece new credits with more interest.
They can never pay back. Hell, we operate on trillions of debt as well. As well as the USA. We. Are. Virtually. Owned. By. Central. Banks. And. Corporations. Even you and your family. Even poor """refugees""" and actual refugees. Everyone.
I agree, democracy is just a tool of minority dictatorship in the truest sense - the worst of all if I may say so. Because we suggest everyone they can become part of the ruling class and "your vote counts, just buy the new car on credit". Major scale scam.
Jonathan Gomez
There was never a war to end all wars. Or do we have no wars ? Even the amish have heard that shit's going down in Syria.
Colton Hughes
Look at the fucking situation: >Greece gets money >Nobody works, everyone enjoys iced coffee >Greece asks for more money >EU: will you pay back? >Greece: Keep your hands of me, nazi Germany, Merkelreich, Leave the EU!
Austin Jones
>But how if you can't even get control, did you see that quote above?
Isnt it interesting that both millenial lefties and incorrect righties are against the same people?
Left are after the 1%. Right are after 2% jewry.
We are after the same people, and they are shitting their pants because we are actully close to coming together against them.
Pic related, its Antarctica.
James Martinez
>>They can never pay back. I don't understand how people still aren't aware of these "debts" literally being non-repayable by design.
Colton Anderson
The system itself is massively flawed. Hell, it's modelled based on the fucking exponential function. Which is based on the generation of debt in order to keep the show going. Where debts are payed by making debts. Do you even understand how pretty fucking bad that is for every single human being on this blue ball except those view that own the central banks ? You're pretty much in denial at the moment. I'm not blaming jews, degeneracy and neither am I spinning a conspiracy theory. I'm stating facts. Not alternative facts but FACTS.
John Long
Exactly
Ayden Roberts
democracy is cancer and not the solution democracy is the problem that brought us to this point democratic powers, if at all, should be granted only to non-state budget recipients who have a permanent residence in the country and own property, no gibsmedat receiving, no state employed, no payg pension receiving individuals allowed
Leo Sullivan
Facts: 1. Greece joins EU, gets cheap capital, greek banks give cheap loans 2. Nobody pays loans, banks go bankrupt, Greek GOVERNMENT buys banks 3. Greek government spends enormous money in public sector. 4. The deficit is too big to get new money from the EU, Greeks start to lie about their deficit to get more money
Grayson Garcia
Because we learn to ignore it. And that's a miracle to be quite honest. Y'know kids learn "I help you, you help me" and they go by that. Now they learn in school regarding finance "I help you and you help me back but twice as much". But because we're pretty much raised to be not critical about anything supported by the system, we seize to question the loophole. We gladly throw money and workforce into it by the sweat of our brows.
>gets cheap capital, greek banks give cheap loans I'm missing due dilligence somewhere around this point, perhaps because it's the standard operating procedure of kraut bankers in search of fresh blood?
you're also forgetting the fact that ECB finds no problems buying €80B corporate bonds per month, for 2 years now?
Joseph Johnson
yes. bankers run the world and our democracies are basically a puppet show. if people don't understand how (((currency))) works nothing in politics will make sense.
the central banks are at the root of most problems. this is the exact same kind of shit that led to the rise of fascism pre wwII.
Adam Ross
Which is neither wrong nor doesn't render what I said wrong or anything. Please start thinking outside of what EU autocrats and our """divine""" government tells you. It will only benefit.
Hunter Turner
I will now post a copy pasta from a thread 2 weeks ago. It's got some shit in it and it's not easily digestible, so you might take your time:
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)
Jaxson White
>procedure of kraut bankers in search of fresh blood? It is not kraut bankers, it is also dutch and french. You don't need money don't take it. Are you a commie or something who is against basic principles of capitalism?
>you're also forgetting the fact that ECB finds no problems buying €80B corporate bonds per month, for 2 years now? Boosts consumption and investments
Ryder Sanchez
FRACTIONAL RESERVE BANKING
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.
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.
Luis Carter
When I saw The Big Short. The Bank torpedoed the economy, and only one Wall Street guy got arrested for anything.
Also, when nobody from Enron was jailed.
Or, when I read three chapters of The Creature From Jekyll Island.
Ethan Gutierrez
Is this 2010?
Who's in charge of the banks?
It's starts with J and ends with ews.
Isaiah Walker
The banks run everything, but you're an idiot if you think Corbyn is anything other than bad news.
Elijah King
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.
>When did you realize the banks are the ones really in control? When I checked what countries has banks owned by the Rothschilds.
Brandon Parker
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
Josiah Diaz
You lend money to people. They don't give it back. Call you an asshole for wanting it back. You agree with them and blame "the system". is it a financial cuckoldry of some sort?
Robert Peterson
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.
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.
Sebastian Walker
Didn't see this before I mentioned Jekyll Island, but nice job beating me to it.
TLDR: the big banks and Federal Reserve make money on interest rates, on loans they never expect to be paid off. Fractional reserve banking rests in the assumption that your customers will never ask for their money all at once.
What's more, FDIC is a bailout scheme. It creates a moral hazard (that is, it exacerbates the problem it supposedly prevents), by constantly propping up failing banks via bailouts.
Matthew Lee
I don't see people taking any money, do you? this is exactly why governments were a mistake
>Boosts consumption and investments again, I have no say in this, only the fact that inflation is eating away my purchasing power and have no way around the dictate of receiving fiat for my work/goods/services in order to comply with kikes' desire for pounds upon pounds of flesh
can't wait for the day it all falls apart EU delenda est
Jayden Turner
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 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.
Jayden Morgan
mom keeps telling me to take a loan and buy an apartment
keep telling her i dont want to be in debt for the rest of my life
>BUT ITS AN INVESTEMENT
bitch i will invest in something when i have the money to do so
Luis Miller
delenda est
Adrian Sanchez
>I don't see people taking any money, do you? this is exactly why governments were a mistake What? So greeks took money from their banks and never gave it back, banks crumbled, government bought the banks
>again, I have no say in this, only the fact that inflation is eating away my purchasing power and have no way around the dictate of receiving fiat for my work/goods/services in order to comply with kikes' desire for pounds upon pounds of flesh You are basically saying that capitalist economy and economic growth are bad
Dylan Wood
read for confirmation >We need an old fashioned socialist revolution fucking commies can't wait to jump in "the revolution"
Nicholas Roberts
That man has more brain cells in a fraction of his toe nails than most who are in university positions in the entirety of the United States. The fact that his positions aren't more popular among youngsters everywhere effectively quantifies the problem with our society.
We have infinite knowledge at our fingertips with phones, and folks choose to use that level of power to find fuck buddies instead of improving their minds and knowledge. Turns out chasteness and humility is absolutely needed for progression of humanity. How to marry society with those individual qualities without the use of dated religion remains the largest problem we face today.
Jason Allen
communism is equally disastrous in the long run Corbyn praised fucking Venezuela multiple times how retarded is that
Matthew Peterson
>government bought the banks and here's the problem, let them go bankrupt like any other business entity; all I hear are bailouts, haircuts, austerity, tax rise etc when was the last time individuals got bailed out? after all, they are a "person" like any other legal entity, right? so why the double standard?
capitalism is great with sound money aka something Draghi can't pull out of his ass, and allodial land that doesn't exist any more in Europe basically, AnCap is a system that's best suited for white nations, where individuals are sovereign and no concentration of power can occur, at least not the kind of power that's been treading upon freedom-loving people I know that disruptive technology and the coming change in consciousness will make it happen, I only want to see it happen sooner rather than later, and there will be no violence involved unless some out-of-touch bureaucrat tries to pull one last move before he gets summarily executed for trying
Jayden Morris
This is nigger tier understanding of finance.
In fractional reserve currency is not created. Credit is created. In monetary terms it means your ability to payback a loan. Credit is important in financing long term projects as it is essentially a time machine, where you use future income today.
There's no problem with credit, unless it's run by hostile minority for their exclusive benefit. Also it helps for the jews that people are illiterate about finance.
Nolan Myers
how have our predecessors that predate the centrally planned kike monetary system ever manage to develop? sound money or magic?
Michael Brown
No-one's complaining about plain credit. Tit for tat was never problematic you idiot. Usury and interest were and are. Stop acting like a retard, just because you're on a vietnamese blanket knitting board
Lincoln Perez
I think he means the interest is created amiright?
Dominic Peterson
(((Democracy))) is a meme the same way (((capitalism))) is. If (((democracy))) changed anything it wouldn't be allowed it's just to appease goys and pretend they aren't under total control. All you vote on is changing the figurehead and whether you want to go JUST at full speed or light speed. Have you, or any country, ever had a vote on immigration? Have you, or any country, ever had a vote on the legality of weaponry or even self defence? Etc. This is normally the first thing people realise that I would call a redpill. Once they take that though they come to a fork in the road. Some take the right road and truly see. Others take the left road and they're the ones who tell you Jews are just scapegoats and dindu nuffin. They're the ones who climbed out the window of a burning house only to walk straight back into it through the backdoor and they try to drag everyone else in with them.
>Watch old GTA V video >Player dies and respawns at hospitals >"I think there's a conspiracy here" >Zooms in on the Mount Zonah Medical Center sign and the X-Files theme starts playing >"Wow, these youtubers are starting to get #woke" >Suddenly All Seeing Eye fills one of the (((triangles))) >Wood >Trees
Very very sad news.
Ryan Peterson
Class doesn't equate to genes in a homogeneous society, especially not back then.
Bentley King
ROTHSCHILDS BOW TO THE BOGDANOFFS
Matthew Martinez
A pure Sound money would stiffle development, because you cannot exploit even stable future investment (like expanding agriculture)
Sound money probably never existed. There's plenty of accounts of tribes and nations using credit. A famous one is some polynesian tribe that used large stones as currency. They never moved them, but trusted you that you own them. 'Sound money' was used for trade with foreigners, hence the preeminence of jews.
Jaxson Moore
Fractional reserve is not inherently Usurious. It can be mismanaged and interest rates can be too high. Catholic church used to say that 5% is the ceiling, above it is usury.
As I said, in it's essence FR is credit making. And that can be very useful if credit is given to responsible people and creditors are controlled to not abuse it. That's it.
No, there can be 0 % interest loan and there would still be credit.
