MENSA_IQcel
Banned
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- Joined
- Mar 28, 2020
- Posts
- 1,171
JFL normies “borrowing” money from banks. To be indebted into the system for the rest of their lives enslaved to the masters of the elite ruling class.
Glad I’ll be leeching off the system, really don’t care about working hard so I can make some “Goldstein” richer.
Problem is the system is designed so that you're having your labor stolen either way either by:
1. You pay taxes, governments use some of your tax money to pay interest
2. Your money is competing with the money borrowed into existence by banks, in other words inflation is eroding the value of your money.
Bro you've been here 9 days.
Yes but I've spent hours everyday here just hitting refresh. It's sucking away my life.
Another brainlet thread by a brainlet user. First of all, M1 only applies to checking accounts, not savings accounts. Checking accounts typically don't pay interest or nearly as much interest as a savings account for the reason that you can withdraw from them at any time. Reserve requirements are also significantly different between checking and savings accounts. Your simplified explanation ignores this distinction and conflates M1 with M2. This is brainlet tier logic that shows how little you understand macroeconomics. There's not "10x more M1 money than M0", the current ratio of M1 to M0 for the US is around 2.409 at the moment. You are a dumbass. Checks aren't M0 either, they're M1 because they're negotiable instruments. They're not nearly as good as cash, go try to pay at the grocery store with a personal unendorsed check. You get all your information from Buzzfeed tier infographics and it shows.
Second of all your whole spiel about the gold standard is fucking stupid and ignores so much historical context. The gold standard existed because gold has historically ALWAYS been a currency. It's shiny, rare, and can easily be turned into coins due to its malleability. People have accepted gold for trade for a long time historically, and "central banks" have always been issuing more currency than they had backed by gold. It's called debasement and has been occurring since the time of the Roman empire. Plus, this sort of inflation is actually good for people that owe debt. This is why historically the American working class tried to switch to a silver standard or bimetallism. This inflation also didn't occur to the extent of "a thousand gold notes for every real piece of gold." The reason why the Bretton Woods system failed is because the US government had issued 24 billion dollars when they only had 13.2 billion dollars worth of gold. That's a lot less than a thousand-to-one ratio. Also do you even know what Bretton Woods was? The world didn't switch from Bretton Woods to the dollar, Bretton Woods WAS having the dollar as a reserve currency. In turn the US dollar would be backed by gold. And the world didn't switch from Bretton Woods either, Nixon unilaterally suspended the convertibility of American dollars to gold which pissed off a lot of people.
The US Dollar isn't called the "Petrodollar" either. The nickname "petrodollar" for a currency typically refers to the CANADIAN dollar, which is heavily associated with the value of crude oil on the international market. Alternatively it can refer to revenues gained from exporting oil, or "petrodollars", but that's in no way a generic nickname for the American dollar. Of course to make this point I'm assuming that you meant the American dollar, because if you honestly believe the Canadian dollar is an international reserve currency you're even more of a dumbass than I thought.
The most bizarre part of your stupid argument is that you somehow have managed to stumble upon to accurate conclusions but then somehow think the goals of the monetary system are bad. Yes, we do live in a society where total debt constantly grows. The constantly increasing money supply DOES lead to the creation of numerous more goods and services. Why do you think it just so happened that humanity stopped living in the dark ages at the time of the modern monetary system? That technology suddenly took off, the Industrial Revolution happened, and we all started living better & more comfortable lives than before? It's precisely BECAUSE of modern economics & monetary theory that I'm typing this from a computer in an air-conditioned & heated apartment. Why the fuck is this a bad thing?
Heck, this system even managed to supress hypergamy, one of the most enduring parts of human history. We finally managed to get women under control and created the best time for an average man to live in CENTURIES. All because bankers acting in their OWN self interest wanted to make more money and live better lives. Was there an entire class of subhumans created as a result of this? Yes, they're called people with very severe birth defects (think can't move without assistance) and severe mental retardation. Not typical incels who are just ugly. We've always existed and ended up cloistered in a monastery or forced to raise Prince Chad's child if we were lucky enough to get a wife.
Then you make this claim that somehow the global elites don't need us anymore. If that were true, why do you think they're importing so many people from overseas? Why do you think they want endless reams of people from India who are guaranteed to be incel and unloved? Why you do think that the Chinese government considers the most pressing issue to them to be the massive amount of "surplus men" who simply cannot find a Chinese partner? Why do you think they're literally importing women from the third world and promoting these interracial relationships?
The fact is that the global elites have ALWAYS needed an underclass and they will continue to need them in the future. They still need incels to unclog the robot cleaners. They need incels to write endless code for blenders or CNC machines or to manage live captioning bots. Sure, the average level of skill required for a working class person has gone up quite a bit in the past few years. But it's been that way for millennia. Do you think even the smartest Roman emperor would be able to understand the concept of a credit card or a cash register or the assembly line at McDonalds? Or even what the fuck Arabic numerals are and the concept of "zero?" And the reason why society has advanced so much is the realization by the Chads or the Jews or whoever you think controls the world that for them to enjoy living on yachts with a harem of women, it is necessary for them to grant the incel a stable monogamous marriage and an increasing standard of living. Much like people operate dumbass cash registers today, in about 30 years the average working class person is going to spend all day training artificial neural networks with flashcards and shit so they can drive better or whatever in something totally unrecognizable to us.
Oh yeah, the elites have tried to feed people soy, I'm not disputing that. They got cocky and thought they could convince the average male that inceldom for their 20s is OK, that getting married at 30 to a """former""" slut is somehow a desirable outcome for most men. They thought they could promote cuckoldry and open relationships and whatever else. You know what they're getting in return? The highest rate of mass killings we've ever seen, constant societal unrest, and fear that everything is going to come crashing down for them. And they're working as hard as they can to undo their fuckups, because for a brief period in the 1990s after the fall of the Soviet Union elites lived in an idealist world instead of a pragmatic one and they're all paying the fucking price. Stop pretending that the average incel doesn't have power or that we're "obsolete". That's what elites want us to think and it's what they want to believe as well. But it's not true and that's the reason why we're seeing so many tradthots or even women voluntarily waiting till marriage. They see the writing on the wall such as the roasties who embraced their hypergamy and became single moms who end up alone forever and realize they'd rather suppress their hypergamy themselves than end up as a single mom.
This soy shit is overblown as well and that's on purpose. It's not "normal" behaviour to be a cuckold or be OK with your wife getting gangbanged by 4 men even if it was "in the past". Even the most cucked subreddits on the most cuckolded website think it's OK for a man to break up with a woman because she got fucked by multiple men at once. Imagine how the average person feels. The elites push this narrative that men should be and commonly are OK with being cucked. That's not true. Most men aren't OK with this and shit is going downhill for women who don't voluntarily stop being sluts.
Plus don't forget the most important thing you missed about your whole economy spiel. Women are NEVER net contributors in taxes or consumption. They don't make more than they spend. They rely on men to provide for them and if men stop providing the entire system goes under. And men are no longer providing voluntarily through marriage, so they try child support or alimony or a bachelor's tax. But that just leads men not to bother to work, because they don't get anything in return.
This is one of the lowest IQ posts I think I've ever seen. You really need to educate yourself. This pile of drivel is absolute trash and you need to be ashamed of yourself.
You have zero understanding of economics. I study mathematical economic theory at a TOP GLOBAL UNIVERSITY and am currently in the process of getting a PHD. First off, I know savings accounts constitute M2 more than M1. My post was a huge oversimplification, but those distinctions are completely meaningless. The fact is there is m0 and then there is money above m0 like M1 and M2, and the creation of different types of money is what allows the distortion of wealth. In fact many economists agree with me in that the only real distinction is m0 and m0+. It's clear you've never taken a single course of macroeconmics in your life. You also said "checks aren't m0". I never said they were m0, I said it was m1 but had the power to act like m0 for the time being, which is true. Your illiteracy is astounding.
Your post on the gold standard is absolutely retarded. Gold has not always been the historic currency, in fact it rarely has. Credit was the first form of currency and continues to be so in the present time. The gold standard has been a historical anomaly. Then for the rest of the post you pretty much agreed with me but autistically rambled about how my numbers were off (Which they weren't). The U.S issued 23 billion dollars more in paper than they had in gold, but the fractional reserve banking system extended that on until the ratio was about 1000 to 1. You're so fucking stupid I can't believe you're serious. When the Bretten Woods system was ended, the U.S switched from the gold standard to the petro-dollar. The petro-dollar is another name for the USD since the USD is backed by other countries oil reserves. Other countries have to trade oil in USD, and this gives the USD value because people need it if they want to buy oil. It has nothing to do with money that is dependent on the price of crude like the Canadian dollar.
You're also absolutely retarded for saying the modern monetary system is a good thing. This system has been a hindrance to growth. What allows technological progress and advancement is a positive-money system like Lincoln or Hitler advocated, where money is created debt-free from the issuance of government. The credit banking system only holds us back in this regard as investments that can't pay themselves off in monetary value are discarded.
And about the mass immigration part of your post. The reason the elites are promoting mass migration is because they want to race-mix us all into a global super race, it's all part of the Codenhove-Kalergi plan. They want humanity to become a global-homogeneous race which is easier to control. It has nothing to do about needing more people, in fact if you look at the environmental agenda they actively want people to have less kids. This is all supported by the mainstream elite.
The rest of your post is just stuff about how automation won't replace us. COPE COPE COPE. Automation is different this time in that it will fully replace humanity as the A.I will surpass humanity at literally everything.
Thanks for taking the time to put together the post.
You could have posted a link on fractional reserve banking along with a video and just said, "dis y u inkell," and let the reader do the math. But still, it's nice to see a strong effort post.
Milton Friedman IQ rebuttal.
More like IQ of a turtle rebuttal
just read it, brutal
but couldn't it be that those banker elites are just adapting to what happens in society, rather than controlling everything?
That's a possibility as well. I feel there is a bit of both. Society changes, bankers adapt, but bankers also try to influence the general direction of society through various methods as Huxley describes.
This is just capitalist apologetics without any logical causation correlated to it. This is just like soviet union claiming to take Russia out of feudalism and putting men into space because of democratic centralism and scientific management, but upside down. The state-of-the-art of technology is pushed further by savants and the general intellectual class, but what allows it to be widespread is the culture that it emerges from (western civilization being in the forefront of this) and the powers that be stance on it: finding a way to take advantage of it, being neutral but allowing it to go public, using it but confidentialy as a state secret or forbidding it altogether. Using money or living in a capitalist predatorial society doesn't create anything nor create conditions for curbing hypergamy per se, the system just extended the roman patriarchal family model to wageslaves funding their wives who were culturally forbidden to get a job, not because of capitalism.
Carroll Quigley level IQ
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