The King of the Pirates

submitted by Tom_BombadilBombadildo from 9gag.com

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[–]LarrySwinger2 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

From the top comment there:

That's the worst problem with capitalism and big companies. Even if they're super profitable they constantly need to show growth and find ways to make even more money instead of just taking their profits and being happy

This is one of the biggest problems I have with capitalism, actually. Everything is driven to become shitty for the vast majority of people. Anyone want to comment on this?

[–]Tom_BombadilBombadildo[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

This isn't capitalism.

This is the debt-currency system in it's dying days. Corporate financing is the failing life support.

The fiat-debt ponzi scheme is about to crash. To stay afloat, they need to continuously create more financed debt (currency), to maintain liquidity in any/all markets.

"Growth" is a euphemism for debt/currency creation.

Paying off debt reduces the currency supply, because currency is created through debt creation.

There's always more debt than money. Always.

Take out a loan, and the loan money is conjured into existence by a bank.
Pay it back, and the created currency disappears, but the interest needed to be payed back was never produced.

This additional interest debt grows, and more loan debt needs to be created to add money to the system to keep the fiat debt money system going.

The major corporations are vassal organizations of the banks.

They serve the interests of the banks. Many don't like it, but they are trapped in servitude because they go out of business without financing.
This is also how the banks force ESG she SDGs on the corporations, etc.

Corporations are forced to finance everything to keep the debt-money system afloat.

When this is understood, then the financing function of the major corporations can be better understood.

In a sense, they don't have a choice. Either manufacture debt currency, or collapse the system.
They have to find something to finance (and produce debt/currency), or it all collapses.

CBDCs are the banksters slavery solution to the collapse of the debt currency ponzi scheme. I think it will fall.

It has to end. Probably soon.

It's easy to see why the banksters are scared AF, and needed a scamdemic to hide behind.

Central Banks debt currency will eventually crash, and millions will starve. Possibly hundreds of millions.

When the financing collapses, then the supply chains will break everywhere.
Few people store food for disasters. They think food is produced in the stores.
Nobody stores massive reserves of fuel. Or energy.

It will be a horror show, and it's functionally unavoidable. Regardless of any solution(s).

This may be what Deagle was predicting with it's collapse of western populations.

Buy precious metals if you can. People will trade for silver, or maybe btc.

People may not trust BTC if they lose trust in the supply chains. Gold is too valuable in per unit pricing.

Silver is the best option. IMHO. It's value will probably go parabolic for a brief time, and remain high for a long time after.

[–]Alienhunter 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

People have been saying this for many decades.

Ask yourself if it makes sense? You'll see a great many people trying to sell you precious metals now as they do whenever the economy is in decline. But why would they be trying to sell you soon to be more valuable precious metals for soon to be worthless fiat currency? One would have to be an idiot to do that, are they idiots? Or is the premise flawed.

The reason is simple, during economic downturns the shrinking economy will lead to less demand in manufacturing for precious metals, resulting in price drops, the currency on the other hand can be used to purchase other assets less susceptible to inflationary pressures that are far more liquid than precious metals. When the economy begins to improve you'll begun to see many cash for gold places pop up again to take advantage of the increased demand for the metals as manufacturing begins to kick off again.

Precious metals are not particularly good investments as a hedge against inflation or the very unlikely scenario of total economic collapse. Simply because without an economy to drive their use in manufacturing they have little to no value in such a situation compared to other more practical assets. One cannot eat gold. It is practically useless for survival. And without an economy to use it to trade, it is simply a paperweight in a society where paperwork no longer seems necessary.

One is far better off buying large amounts of weapons, they are useful at protecting your assets and seizing control of others who were foolish enough not to invest in weapons. Alternatively alcohol of all sorts will he very valuable to trade as both a disinfectant and escape vector for many, as will cigarettes. Alcohol will be worth more than gold in such a situation. And if you've got the means to make your own you can become king of your post atomic hovel.

[–]Tom_BombadilBombadildo[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

But why would they be trying to sell you soon to be more valuable precious metals for soon to be worthless fiat currency? One would have to be an idiot to do that, are they idiots? Or is the premise flawed.

Because metals dealers sell metal. That's their business model.

The physical value difference is already evident. That's why there's a premium on physical metal. Paper metal is a scam.

Check the price of physical silver vs spot price. It's a couple of $$$ per oz. They make a profit.

The reason is simple, during economic downturns the shrinking economy will lead to less demand in manufacturing for precious metals, resulting in price drops, the currency on the other hand can be used to purchase other assets less susceptible to inflationary pressures that are far more liquid than precious metals.

The opposite is true during hyperinflation.

The currency supply has increased by 40% since 2020. We're already in hyperinflation. The price of metal has increased.

Plus the central banks are buying up record quantities of gold. They see what's coming ahead.

https://www.forbes.com/sites/greatspeculations/2023/04/10/central-banks-gold-buying-spree-implications-for-the-global-economy-and-investors/.

Metals can be traded, and will skyrocket in value. It's still expensive to mine metal, so mining stocks go up.

Currency devalues quickly and more is needed to buy diminishing quantities.

Metal in hand is better than stock that is sold for currency.

Precious metals are not particularly good investments as a hedge against inflation or the very unlikely scenario of total economic collapse.

Gold has beat every commodity since 2000.

It was at $300. Now it's at $2000.

Gold is up 40% in 2023 over the yen. And probably similar with other currencies.

The collapse is impossible to imagine for most, until it occurs. Then it's obvious to everyone.

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

It's a problem with corporate profit seeking taking short term quarterly gains as their primary motivation. Related to capitalism, but the thing is that ideally in a capitalistic system, you have competition and can also just choose not to do business with people. Otherwise it's always going to be balance between the customers trying to get everything for as little price as possible and the producers trying to sell everything for as much as possible.

It's not really that shitty even with the commercials if you can get a lot of stuff for free. I'm definitely not going to be bothering with streaming if it goes this way though, same way I don't bother with cable.

The main thing is you need to keep the market pretty much open to competition, and one of the big issues with "capitalism" is it tends to devolve into a few big corporate players monopolizing the market and then you get shitty products at inflated prices because you don't have a choice.

This is the same in a communist system as well, the main difference between the two is one the means of production is controlled by the government pretending to act in the interests of its people, and the other it is controlled by large corporate entities pretending to act in the interest of their customers. For the little guy it doesn't make much difference.

Main thing I think you need is regulation to prevent any one entity from cornering the market and preventing others from entering. Amazon is a good example of a company that is bordering on monopolizing huge portions of the market especially due to covid shutting down a lot of the retail spaces and they probably need to be broken up at some point.

You gotta be careful though, you absolutely want companies to reap profits for producing superior products, but you have to make sure they aren't colluding to corner the market unfairly between pricing out smaller actors or simply throwing around huge amounts of money to buy out anyone who might potentially pose a future threat to their business. It's the same reason you put limits on bets in a poker game. You don't want to come sit at a table where one guy has billions of times more chips than you and can go all in on every hand effectively forcing the smaller players to go bust or forfeit their bets.