Sums it Up Perfectly

submitted by Orangutan from (i.redd.it)

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (12 children)

I am not going to read anything, since I am already an economist of some renown. Over my career, I have forgotten the names associated with each theory, but have acquired an in-depth understanding of how things actually work.

With that in mind, all taxation is only to oppress the people. It serves no other purpose. It is pure evil and an extremely wasteful way to fund a nation.

Yes, currency creation is inflationary, but economic growth is deflationary. By removing the filthy subhuman parasites and their usury, the government printing for their purposes poses no problem whatsoever. Especially when using a hard (think gold-backed) currency.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (11 children)

Yes, currency creation is inflationary, but economic growth is deflationary. By removing the filthy subhuman parasites and their usury, the government printing for their purposes poses no problem whatsoever. Especially when using a hard (think gold-backed) currency.

If you're talking about gold backed fiat, you should try searching up "The Great Depression" if you didn't already know about it.

With that in mind, all taxation is only to oppress the people. It serves no other purpose. It is pure evil and an extremely wasteful way to fund a nation.

Flat tax is usury. Progressive('Progressive' doesn't refer to leftist progressivism) tax is not. Progressive taxes increases as the income of the person increases. For instance, a poor worker would have to pay 4% tax. A worker in the state controlled worker union would have to pay 8% of his income to recieve benefits provided by the goverment(Most workers will be in the goverment controlled union). Lower middle-class would have to pay 12% and upper middle class 16%. In the same way, lower upper class would pay 20% and Bezos level rich would pay 28.5%.

Btw, Schaht was indeed a traitor to the nation, but his economic policy was actually good.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (10 children)

You are not understanding. The great depression was engineered by the international jewish banskters. It has nothing to do with anything, just like any country that removes their central bankster organization is going to have economic warfare waged on it by everything else in the world. Look at Lybia and Gaddafi. They were doing too well, that's the main reason they got "liberated".

And you are trying to educate me about progressive taxation. Sigh. I told you, I am an economist. You are being like a small child using baby talk to explain grow-up stuff to an adult. It's cute, but it's not productive. TAXES SERVE ONLY ONE PURPOSE: TO OPPRESS THE POPULATION. <-- That's a period. PERIOD. FULL STOP.

What the governments of most "developed" nations do with regards to money creation is this:

  1. BORROW a billion from the banksters IN THE NAME OF THE POPULATION;

  2. PRINT (create) the billion in usable currency;

  3. SPEND the billion into the economy;

  4. TAX the people because they're indebted;

  5. PAY BACK the banksters the interest and sometimes also a bit of the capital;

But before banksterism, it was this:

  1. MINT (create) the billion in usable currency;
  2. SPEND the billion into the economy;

Now tell me, what makes the modern system better?

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (9 children)

The bankers love gold, quite literally. The biggest advocates of the gold standard are very much kosher. (((Friedman))), (((Greenspan))), (((Bernanke))). There are hundreds of disadvantages in the gold standard. The biggest disadvantage is the lack of flexibility. Limited amount of currency leads to more deflation. More deflation leads to restrictions on the Fed's ability to stimulate the economy which leads to even more deflation. This makes up a feedback loop which leads to more and more and more deflation. Falling prices cause economic growth to be stunted. Deflation also punishes debtors. Debt rises and lenders become wealthier and many lenders keep the money for themselves reducing GDP by a lot. Also, ever heard of 'speculators'? Speculative attacks tend to happen much more often on nations with fixed exchange rates.

And I am seriously starting to doubt the fact that you're an 'economist'

Goverments of developed nations don't borrow shit from bankers, bankers manipulate the economy to benefit them.

This is what happens with a gold-backed currency.

1. Kikes install puppet ruler
2. Haha money printer go brr, golds
3. Oh fuck
4. OH GOD
5. Oh Shit
6. Deflation is high help pls
7. Economic crisis due to stunted gold.
8. ???
9. Long nose tribe get control of both socioeconomical and political environment

And this is what happens in a fiat currency

1. Kikes puppet ruler
2. Haha mony printer go brr
3. Inflation is high help pls gibs monies
4. National Debt
5. Long nose tribe wins again.

Yes, I know that the Reichsmark was backed by gold, but that contradicts your previous point. Reichsmark was literally insistuted by Schacht. IMO it was backed by gold temporarily to reduce inflation.

American Economic Association (2000–2011). "The Elasticity of the Federal Reserve Note"

Bottom line is, I'm not saying Keynesianism is the solution, but it is certainly a boost.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (8 children)

There are so many holes in that... Do you pretend it's some sort of "reasoning"?

Either way, in 2020 I am no so mcuh advocating for a gold-backed currency. A true cryptocurrency such as GRIN would likely work best.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (7 children)

There are so many holes in that... Do you pretend it's some sort of "reasoning"?

Either way, in 2020 I am no so mcuh advocating for a gold-backed currency. A true cryptocurrency such as GRIN would likely work best.

You did not really address my central point didja?

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

Because there isn't one. Listen, I get along with you very well, and frankly, educating people about economics is just too much damn work for me, so let's agree to disagree and leave it at that? ;-)

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

Because there isn't one

Your fallacies are: Circulus in Probando, Red Herring and Argumentum ad lapidem

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

Oh well you just disqualified yourself from my friends' list. Wait, you are probably a jew trying to make this site appear to be neo-nazi or some shit.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Aight man, whatever ya say

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

What the duck is this friends list anyway other than a custom feed of users? Who even browses s/friends?