2024 Economic Collapse

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Is it Joever?

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Betonhaus said:
Is it possible to move the functions of the Federal Reserve to the state level? Like each state manages the funds for it's departments or agrees to pay into government departments. If the government wants to print more money it will need to find states willing to shoulder the responsibility or something.
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So a pseudo European Central Bank? It's only the National Central Banks of the Eurozone that can actually print money under guidance of the ECB. Not sure if that's something you would want. Besides, I am not sure how you would handle the checks and balances on state-level central banks as the Federal Reserve was formed explicitly to be outside of powers of the executive branch. The entirety of their checks and balances comes from Congress, the Board and Inspector General. Would you simply try to replicate that system at the level of a state?
 
Weird I was told the last 11 months that the economy is doing great thanks Biden and believing otherwise was falling for far right KKK Nazi Russian propaganda. Did Trump already wreck the economy just by being president-elect?
 
Frank_Jaeger said:
Hope you all have a good final christmas shopping season before Trump destroy's the economy wiht 60% tariffs!
Make sure to get all your relatives who voted for Trump stockings full of coal! With the tariffs coming, you had to save money!
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This might be what banks blame the economy tanking on. They'll tank it by reducing the monetary supply by either using higher interest rate or by selling off mass amounts of stocks that people like Blackrock and Vanguard hold. Blame it on high tariffs. Blue wave in 2026, all this is over.
 
porkWellington said:
Weird I was told the last 11 months that the economy is doing great thanks Biden and believing otherwise was falling for far right KKK Nazi Russian propaganda. Did Trump already wreck the economy just by being president-elect?
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No. The real economy is doing horribly. Stocks are doing great because of stock by backs, funded by people like Blackrock and Vanguard.
 
YHWH's Strongest Soldier said:
So a pseudo European Central Bank? It's only the National Central Banks of the Eurozone that can actually print money under guidance of the ECB. Not sure if that's something you would want. Besides, I am not sure how you would handle the checks and balances on state-level central banks as the Federal Reserve was formed explicitly to be outside of powers of the executive branch. The entirety of their checks and balances comes from Congress, the Board and Inspector General. Would you simply try to replicate that system at the level of a state?
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Euros are linked to the dollar. That's why they're good nations. If you trade in dollars, you're good.
The Nazis did it. The Russians do it. The Chinese do it. The North Koreans do it. The Iranians do it. The Iraqis did it. The Libyans did it.
It just seems like where ever it is tried. It works. Then America, which is controlled by Jewish bankers, hates then destroys it.
 
@Fuck Bankers Holy triple post nigga. I know that you're a refugee from /pol/, but we can use a single reply to cover multiple posts here.

Also, read the comment that I was replying to. I am referring to the idea of state-level central banks in the USA which reminds me of the Eurozone system. Euros are not pegged to US dollars and I don't give a shit about the /pol/ trivia that you're trying to share here.
 
YHWH's Strongest Soldier said:
@Fuck Bankers Holy triple post nigga. I know that you're a refugee from /pol/, but we can use a single reply to cover multiple posts here.

Also, read the comment that I was replying to. I am referring to the idea of state-level central banks in the USA which reminds me of the Eurozone system. Euros are not pegged to US dollars and I don't give a shit about the /pol/ trivia that you're trying to share here.
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Pardon me, about the multi-posts.

I already answered your idea of state-level central banks in the USA. that would cause difficulty in trade between states. That would hamper our economy. The value of a dollar comes from the Good you can buy with it, or the service you can get from it. If you add money to the economy, by either lending it at interest with less than 100% collateral (fractional reserve banking) or by just printing more money you're adding money therefore increasing the supply, therefore making it worthless. However if you grow the real economy by giving it to people to build factories or railroads or anything productive. Then you will have little to no inflation. This is how China works and has worked. They're about to do a massive stimulus and I know this will help them.

The Eurozone is tied to America at least through NATO. They have a similar system which is controlled by Jewish bankers. This is the specific Rootless Cosmopolitan Elite Hitler talked about.

Also I can't talk about this on 4chan, specifically in Trump's thread. Working on a thread to talk about this fact.
 
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The economic collapse is the very reason I stacked Silver and Gold. When the economy collapses to such a magnitude like it has in Cuba. Those who haven't withdrawn their money loses it all. It's come to my attention that a hyperinflation comparable to that of Argentina or worse is one of my very biggest fears. Considering how fiat currency has an average lifespan of 35 years. Our collapse would be very well overdue. And the ones that happened in Zimbabwe and Hungary really show how little is in the way for printing bills with extremely high numbers.
 
Lunar Eclipse Paradox said:
The economic collapse is the very reason I stacked Silver and Gold. When the economy collapses to such a magnitude like it has in Cuba. Those who haven't withdrawn their money loses it all. It's come to my attention that a hyperinflation comparable to that of Argentina or worse is one of my very biggest fears. Considering how fiat currency has an average lifespan of 35 years. Our collapse would be very well overdue. And the ones that happened in Zimbabwe and Hungary really show how little is in the way for printing bills with extremely high numbers.
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A personal policy of using silver, gold, and crypto to weather government/societal instability is a good idea. However, as a policy for governments it is a bad idea. Always remember that gold, silver, stocks, bonds, and crypto are representatives or the real economy (goods, services)
 
Betonhaus said:
Not to mention that at times of great crisis, the government can and will confiscate your gold
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Lunar Eclipse Paradox said:
I figured that a glimpse of this has happened during the Great Depression. The coins confiscated by the government are called the Pre 33.
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If you are worried about serious social unrest the best thing to do is buy lighters, wood, alchohol, Long lasting food, weapons of some kind. Useable barter goods tended to work better during the civil war in Yugoslavia.
The government would've collapsed if they didn't confiscate gold. People wouldn't have adopted federal reserve notes if they could still use gold. Gold however isn't better than a real government backed currency that can print money to put into the real economy.
For more on this idea I found a less scary (compared to Feder) paper for free here: https://www.fraserinstitute.org/sites/default/files/primer-on-modern-monetary-theory.pdf. The PDF is the attachment.
The best explanation however is L. Randell Wray's Modern Money Theory. The book is $70 new, but you can still find it for $20 dollars used on Amazon. The PDF is out there, normally I would attach the PDF but I don't want Null to get in trouble.
 

Attachments

Many years ago, I warned my dad about an upcoming social collapse and how we should be prepared for it, and he ended up stocking up on all sorts of provisions. Anyway, he just ended up cooking all the food because it was about to expire since no collapse ever came.
 
Jade Goody said:
Many years ago, I warned my dad about an upcoming social collapse and how we should be prepared for it, and he ended up stocking up on all sorts of provisions. Anyway, he just ended up cooking all the food because it was about to expire since no collapse ever came.
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Tell him you're super duper sure this time

Also how long was this? as canned and dry goods should last a very long time.
 
I think it is completely fair and proper that banks pay less than 1% interest on savings accounts, while charging over 20% rates on credit cards. I also think it is right and proper to angle the blade on the average guillotine at 45 degrees to ensure the ideal cut.
 
I was goonscrolling twitter when I saw a thing about the NIFTY(?) Index crashing? Does this mean anything?
 
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