When are we going to have a single world currency? Is it still decades away? It would be incredibly convenient. Also what would we call it? Eartho? Terro? Credits?
Moneys
>>79680544
Its called the U.S. dollar.
>globalist kikes shilling for one world government again
will it ever end?
>>79680544
gold
>>79680646
This.
/thread
Doll Hairs
>>79680544
great tits
>>79680544
I love tities like those
got more?
Shekels
t. retarded dumbfuck teenager
List one reason why it would be beneficial. Hows that north american union coming along also?
>>79680544
I think sex should become legal tender.
Might as well call them shekels.
SHEKELS
>>79680544
That's a terrible idea. If it goes to shit, then the whole world's economy suffers
>>79680544
8
>>79680544
>>79680544
you sound like a jew
>>79680786
She seems too pretty to be able to fit a fire extinguisher in her ass. That's a shame.
>>79680682
What exactly is wrong with a single world government? Countries would retain sovereignty just things like currency and travel would be improved.
>>79680544
>using tits to lure my attention
I'm a weak man, don't do that son
>>79680544
probably never.
Or It will be something like bitcoins.
>>79680544
Bitcoins
>>79680544
would assume Units.
>>79680792
Man you'd be broke as fuck then
That doesn't work unless all nations adopt the exact same market laws. Because doing so would mean trade issues between nations could no longer be resolved by changing exchange rates.
>>79680544
Terran Imperial Denarii
>>79680900
How can you legitimately say this with a straight face after seeing what happening to Europe as a result of the EU?
we've already had a global world currency for thousands of years
we're just currently living in a dystopian 80s movie where a bunch of psychopaths that grew up in a sheltered part of society force you to use pieces of paper instead
actually we've been forced to use fiat currencies for so long now that law enforcement have forgotten about it and you can actually buy and sell gold but you're technically not allowed to use it at a store, or actually it's the store that's not allowed to accept it as payment
>>79680900
>Countries would retain sovereignty
That's possibly the dumbest thing I've ever heard
congrats.
>>79680900
The same reason why the EU if falling apart.
>>79680900
How the fuck would people retain sovereignty? You mean autonomy? Fuck you are dumb.
>>79680544
2018, after the monetary hyper-crisis
geoffrey dollars
>>79681032
Oh you see man, the one world government is totally going to listen to him, they will probably elect him president. He has it all figured out.
>>79680544
Lets go with the patrician choice and reinstate the Roman Solidus
>>79680544
Why degenerate post?
>>79680757
Nope, sorry senpai
>>79680544
It's possible, however it would require the creation of a unified world govt. first, otherwise the people controlling that currency will end up being the defacto world government.
>>79680945
>>79680917
Meme
>>79680544
We've had a single world currency for some time.
It's called exchange rate. Money in japan = money in europe = money in usa = gold = whatever.
You've been in the matrix all along, neo.
>>79680544
God damn those are some amazing titties
>what would we call it?
NEETbux
>>79680782
>think of all the reasons for having a single US dollar instead of Texas Dollars and California Dollars
>apply that to the rest of the world
There's your answer.
Can't wait to use the American Peso my dear globalist friend.
>>79680646
This is literally true.
https://en.wikipedia.org/wiki/Geary%E2%80%93Khamis_dollar
>The Geary–Khamis dollar, more commonly known as the international dollar (Int'l. dollar or Intl. dollar, abbreviation: Int'l.$ or Intl.$), is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar had in the United States at a given point in time.
>>79680945
came here to shitpost this but naturally australia beat me to the punch
>>79680682
A NatSoc world government would be amazing
>>79680544
That would crash every economy
>>79680917
It will happen by 2020
2018
>>79681023
Gold as currency is retarded
>>79681149
Sure
>>79681221
No because it can be printed
>>79680544
Why do we need any state-sponsored currency? What does the state provide that can't be accomplished outside of government?
>>79680900
American education folks.
>>79680861
>That pic
Isn't it impossible for anti tank mines to go off just from people stepping on them?
>>79681376
But who would chose to print it?
>>79680900
>if you have a one world government your nation will be sovereign
You should move up north where this kind of things makes sense.
nice tits. MOAR?
>>79681940
Cunuck education
>>79680544
We had a global currency until 1970 you giant retard. It is called gold
>>79680544
they're called "bitcoins"
>>79680544
Marks
>>79681919
Creation of currency. Who will create the currency if not the state
>>79681983
I know it's a meme but did he really say that?
Thanks for the backup anon, you self-righteousness group of wtf's.
It's called Bitcoin and its a globalist wet dream.
>>79682070
That was shit you retard. No one can print or create it. Without expansion of money supply GDP cant increase since its based on Dollars
>>79682198
Actually it was this
>>79680900
look at the level of corruption that politicians get away with now
that would increase exponentially with a world government
>>79682198
Yes Rebel Media made a video about it
>>79682272
>>79681376
Who is that?
>Ethereum
>>79680900
Piss off, traitor.
Fuck your One-World Beast Government.
>>79681790
you're retarded
gold is not a currency
>>79682260
>No one can print or create it
That was the appeal of gold you idiot. This is why jews hate commodity money so much thy don't have control over the supply.
Terran Credits
>>79682152
>what is bitcoin
>>79682363
No not yet he was just asking a question
>>79682152
>Who will create the currency if not the state
Seriously? Who created gold? Who created bitcoin et al.?
>>79682565
A shitty currency because there is limited supply. If there is limited supply GDP cant ever increase because GDP is measured in Dollars or in that case bitcoin
>>79682198
It was more like "If you bomb them they get more powerful/influential" which is him being(and hopefully staying) non interventionist. It's the fact that IYKYETW has stuck to him so natually, as if to say we would not be surprised at all if the madman actually did, that's the actual joke.
>>79680544
>vaginas are gross thread
>404s
>these fat bags will be here til Kingdom Come
>put one dick up here
>vanned for lyfe
>>79682477
Your so fucking stupid. Jews love gold currency because the OWN the gold. Thats why based Nixon a man who hated Jews took us off the gold standard
>>79682476
i almost made it in Afrika, but the USA had to fuck it up
>>79682565
>>79682684
>Crypto currencies are one more of their experiments
>>79682601
They cant be created. Thats why they are bad currencies there is only so much
>>79680544
It's called gold you fucking retard.
And fuck the one world government and currency
The eu is finished the ASEAN hasn't even started.
It's over. Go (((home)))
It already exists, it's called bitcoin.
>>79682706
This is a thread about one world currency and government. Go cry oppression back where you came from
>>>/lgbt/ or pic related
>>79680544
>Also, what would we call it?
ChinkBux, a gold-standard digital currency owned by the Chinese government. It will be required to make all purchases, and its number shall be six hundred and three-score six.
>>79682684
The quantity of money doesn't affect real production you dumb Canacuck fuck. Real production is deflated
>>79682838
Gold is a shit currency idiot it cant be created
>>79680646
SPBP
>>79680544
McDollars
>>79682867
Exactly the response for which I was looking and the worst one you could've chosen
>>79682806
Any private bank or organization could create fiat currency. Stock is effectively fiat currency.
>>79682752
Kike shill detected. Jews don't control the supply of gold miners do. Kikes control fiat money because it is printed out of thin air and can be created with a few keystrokes on a computer
>>79680900
>travel would be improved
At the expense of national security. We can't even begin to have an effective one-world government until the last nigger has been blown up by the last shitskin.
>>79680544
We used to have a single world currency. It was called the Gold Standard. Just like everyone's been stating.
>>79682867
Stop being a bitch and crying baby
>>79682908
Your so fucking stupid. So if the government taxed 90% of the money supply production will stay the same? No idiot that would cause unemployment
>>79680544
We already do, it's called gold.
Or if you want to get more esoteric , its called:
>Labor
>>79683035
Actually the U.S government controls fiet money and its not run by jews. Nixon was a recent president and hated Jews
>>79683072
No one stated that not you or anyone
>>79680544
We have one. It's called gold. You cannot digitally transmit the physical forms of it, but you can change the ownership of a certain mass of it. That was one of the first functions of banks, probably the second after "I need safe storage for gold from bandits and my wife".
>>79681064
IGNORE THIS SHILL THREAD AND COME LAUGH
>>79681064
More tits
>>79683029
>Stock is effectively fiat currency
That's wrong a stock has underlying value as it entitles the owner to a share of future profits through dividends.
Jewish federal reserve money is created out of thin air and is only backed by legal tender laws
>>79683206
My mistakes then.
>>79680544
When the Federal Reserve decides to increase interest rates
>>79683274
The reason Greece is in trouble is due to its inability to print money they have deflation
>>79682908
yes it does moron
without spending in an economy production decreases automatically
it's called a deflationary spiral.
Nations need to be able to print their own currency to counteract recessions.
Gold is a retarded currency because you're economy is artificially restricted by how much shiny rock you can dig out of the ground.
goldbugs need to watch this video
https://www.youtube.com/watch?v=-KRi9nF8BiA
>>79680687
underrated
>>79683169
>jews don't control the Federal Reserve the only institution with the power to issue US currency
Stop trolling nigger
>>79683412
thank you
the Eurozone crisis is essentially what happens when you restrict a currencies value for no reason and then merge economies for no reason
Germany does well while everyone else is fucked
>>79680544
Cuntbucks
>>79680544
Yeah, look at how well the euro turned out, we definitely need to have a currency where as soon as one economy tanks the whole world's economy tanks.
>>79683417
Hey ive been looking for someone who know MMT can i ask you some questions?
>>79683417
Keynesian Jew shill monetarist detected.
https://en.wikipedia.org/wiki/Classical_dichotomy
The nominal quantity of money in the economy has no effect on real variables like production unemployment wages etc
Open an economics textbook nigger
>>79680544
>a single world currency
Well, I've been to one world fair, a picnic, and a rodeo, and that has to be the stupidest thing I've ever seen posted on a Middle Eastern interweb drawing collection board.
>>79683481
>Alen Greenspan
Ok your trolling. He was a free marketest
>>79680544
Holy fuck. I wonder what that chick's asshole smells like.
>>79680544
>that tattoo
what the fuck is wrong with women
>>79683672
It does have effect on GDP idiot because GDP is measured in dollars. So if there is limited money GDP can never possibly increase
>>79683481
Jewish monetary policy only comes about from Jewish domination of the federal government, it's nothing inherent to the FED
If jews dominating an institution was grounds for that institution being destroyed then you would have to eliminate the government, media, and academia outright instead of just purging it of Semetic, globalist, influence.
Central banks are a good idea in theory, assuming you can keep them out of jewish control.
>>79683672
>monetarist
you have no idea what you're talking about
>>79683658
sure
>>79683274
>That's wrong a stock has underlying value as it entitles the owner to a share of future profits through dividends.
>Jewish federal reserve money is created out of thin air and is only backed by legal tender laws
a) Many stocks don't pay dividends regularly enough to create value; the value of the stock comes from appreciation over time. Most all small- and mid-caps operate like this, only established large-caps that have maxed out their market share in their core products pay out dividends regularly (e.g., Johnson, Coke, etc.)
b) Legal tender laws, whatever those are, have no bearing on a fiat currency's value. The government can pass a law stating I can pay denbts with gently-used tampons but that doesn't mean they're worth anything. A fiat currency's value stems from the credit of the issuing government, just like a privately-issued fiat currency would stem from the credit of a private organization. You buy and sell stock at a certain price for this reason, because you believe in the value of the company.
>>79683794
GDP is deflated you clueless moron. It is measured in real dollars. Stop posting and delete your account you don't even understand high school level economics
>>79680900
>muh pooled sovereignty
kys
>>79682231
But they can't counterfeit them
>>79683810
Ok so apparently the U.S government just prints money and Public debt is just a number of how many bonds are held. Under MMT all government money was spent into existence by the Federal Government. If thats the case how come for every dollar the U.S federal government deficit spends the debt increases. Wasnt there supposdly a time when the U.S government spent money into existance without selling bonds?
>>79680544
SAUCE
>>79680687
yes gold
>>79680544
Fuck you and your retarded idea.
Independent currency = freedom from globalist control
>>79682231
The American dollar is a scam by jewish bankers and you say bitcoins are the globalist dream.
>>79680687
/thread
thanks canada
>>79683934
Economics isnt taught in highschools idiot. But you dont understand basic economics anyone in favour of a gold backed currency is dtupid and doesnt know basic economics
>>79683810
Central banks are an inherently jewish institution.
Nepotism crony capitalism usury central planning etc
Jews hate commodity money because it "constraints" them
>you have no idea what you're talking about
Monetarist theory pioneered by (((Friedman))) the idea that a central planner must manage the quantity of money circulating in an economy. Not possible with commodity money as the supply depends on the production of the actual real commodity
>>79684170
maybe not in cucknadia, but here in the US we actually have competent schools
>>79682752
nixon didn't take the US off the gold standard, at least in the states themselves. he ended foreign nations being able to collect their US debt in gold.
FDR took the US off the gold standard so he could print enough money to pay for the new deal
>>79680646
/fuckingthread
>>79684170
>Economics isnt taught in highschools idiot.
LOL, what shit school did you go to where econ wasn't a course
>>79680646
just because I got here late, and it wasn't said enough
^
>>79680544
Bitcoin
>>79684259
GDP cant increase if the money supply doesnt increase
Gold.
>>79680900
Because countries with relatively small populations have vast, ignored chunks of their populations and because even small governments are riddled with rampant corruption. Imagine a government that could legally justify seizing any resource or plot of land, commanded an army on every continent and could arrest anyone, anywhere at any time. Humans were never meant to control such large quantities of people and the fact the vast majority of the planet has a shitty standard of living and things get exponentially worse the further away you get from rich people or institutions of authority makes this clear.
People simply aren't capable of managing such large numbers of people across such great distances. Incidentally this is also what lead to the creation of bureaucracy which has the intended purpose of making it easier for small numbers of people to manage large numbers but actually just ends up being used as a weapon to justify cutting people off from the system and letting them die, Now imagine a global power base concentrated in one single location that every decision has to pass through and try telling me it sounds like a good idea.
>>79684307
Didn't FDR borrow the money for that?
>>79684384
They canceled it because no one took it
>>79684031
>Wasnt there supposdly a time when the U.S government spent money into existance without selling bonds?
That's against the law for political reasons just like in the EU
People somehow think it's "better" if all the money created goes directly to wall street since according to neo classical "logic" the wealth will just trickle down. Ironically this sort of "trickle down" economics is completely supported by retarded lefitsts like Krugmanstein.
I suggest reading this article by Mike Whitney
http://www.unz.com/mwhitney/the-chart-that-explains-everything/
>Wasnt there supposdly a time when the U.S government spent money into existance without selling bonds?
Yeah sure like Lincoln with the greenbacks
>>79680900
>Countries would retain sovereignty
>One world government
Hey retard how the fuck would both of these things even exist at the same time.
>>79684531
>They canceled it because no one took it
Maybe if you had signed up for it you wouldn't be a fiat bootlicker.
>>79684031
treasury only prints money
fed reserve bank is the only institution that can put that money into circulation
>>79682767
What country is this? Faroe islands?
>>79683838
>the value of the stock comes from appreciation over time
It is the expectation of future profits and dividends that increases the exchange value of a stock. It's like the basic model of valuing stocks the
Price of stock = discounted value of future profits per share
Open a textbook
>Legal tender laws, whatever those are, have no bearing on a fiat currency's value
Yes they do. You are forced by the state to accept dollars in every transaction or to settle any debt.
>>79684564
Thats not true. The national debt went up during Lincoln so he clearly didnt issue money. And its against the law for government to issue money? In MMT videos i saw them say the opposite
>>79681945
If they are in fact anti-tank, yes.
But pressure-activated mines can be given a wide range of trigger weights.
>>79680544
What would be the benefits of a worlwide currency? The negatives?
>>79684617
I did sign up but they cancelled it. And no one taken seriously in economics likes gold. Bo one who understands basics of economics likes gold
>>79683976
No, you can't. But you can just as easily create yet another crypto currency and plug into the exchanges.
>>79684139
Ugh, you can't just delete a currency. I'd say we more or less have to defrag the USD of corruption which could be just as difficult as abandoning it all together.
>>79682684
You're a fucking retard because Bitcoin is divisable up to 8 decimals. If we need more we make it divisable up to 16 times, 32 times etc. This does away with the problem. Something gold couldn't do
Credit chips or this >>79684407
Moar tits
>>79684259
>Central banks are an inherently jewish institution.
No
>Jews hate commodity money because it "constraints" them
No they prefer it. They would rather control the banking system where only they can issue credit.
>Monetarist theory pioneered by (((Friedman)))
Friedman wanted to restrict the supply of money so it would keep a more stable price like a "commodity"
He was a die hard opponent of Keynes.
>>79684430
Yes it can. Prices will just fall. Also under a gold standard the money supply rises depending on how much gold is mined each year
>>79684630
But the FED returns profits to the treasury
I have a picture of that bitches tits
>>79683213
>More tits
>>79684796
Dam your retarded. That doesnt create more idiot. So the GDP cant increase
>>79680544
Bitcoin
>>79680646
yep
>>79684259
Friedman supported a completely fixed monetary supply later in life, which would eventually manifest as bitcoin.
>>79684691
>The national debt went up during Lincoln
sure it did, but again that's for political reasons not out of necessity.
>Issuing unbacked paper money was not an idea Lincoln really liked, but soon there was mounting pressure in Congress to do something. The government could either print its own money or go into deep perpetual debt to foreign creditors. So the President was quick to endorse Taylor's proposal.[4] On February 25, 1862, Congress passed the first Legal Tender Act, which authorized the issuance of $150 million in United States Notes.[5]
>The solution came from Colonel "Dick" Taylor, an Illinois businessman serving as a volunteer officer. Taylor met with Lincoln in January 1862, and suggested issuing unbacked paper money. Taylor said "Just get Congress to pass a bill authorizing the printing of full legal tender treasury notes... and pay your soldiers with them and go ahead and win your war with them also. If you make them full legal tender... they will have the full sanction of the government and be just as good as any money; as Congress is given the express right by the Constitution."[3]
> its against the law for government to issue money
No it's against the law for the FED/treasury to create money out of nothing
they have to buy bonds. It's entirely a political decision though.
However if the government ever wnated to they could pass a law and issue currency whenever they wanted to.
>>79684833
Prices falling lowers GDP because GDP is based on transactions and how much money the services/golds were bought/sold for
If you actually believe bitcoin is a reliable currency you don't understand money at all and should leave this thread.
>>79682673
GLOOP
>>79684769
You don't have to do either.
All that is required for bitcoin to be used is for more retailers to accept it as valid currency.
>>79685121
So did Lincoln print money or sell bonds because the debt went up but supposdly he issued his own money? Which one is it?
>>79685152
You dont understand money at all
>>79684990
0.12345678 vs 0.1234567812345678
Which is more? Going from 8 to 16 decimals would fix the gdp problem
>>79685260
both
again it's a political decision to go into debt because people don't "like" the idea of just printing money out of nothing
Unless you are saving wall street and giving trillions to Goldman Sachs like Obama and Hank Paulson, of course then everyone says you are "saving the economy.
>>79684820
>No
Every single chairmen of the FED over the past 30 years has been a Jew. Jewish financiers lobbied hard for the creation of the FED.
>No they prefer it
You are just making stuff up.
>where only they can issue credit
Jews cannot issue credit unrestrained under a gold standard. If they issue too much credit prices and demand will rise and there will be massive gold outflows. Not a problem under jewish central banking where you can create trillions with a few clicks.
>Friedman wanted to restrict the supply of money
Friedman wanted the jew central bankers to print unlimited money and manage the money supply
>He was a die hard opponent of Keynes
Keynes was a homosexual pedophile who used to sleep with young male soldiers during WW1
Also almosy all major Keynesians including (((Krugman))) and (((Samuelson))) are kikes
>>79685336
>A currency with no legal status is somehow a good idea
>>79680900
I don't wanna be taxed and regulated by some cunt i didn't elect on the other side of the world
>>79685030
It's called gold.
[spoiler]buy it[/spoiler]
>>79685460
>no legal status
https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country
Check the US and Germany
>>79682260
Leaf talking about economics. /pol/ is fucking reddit cause 80-85% of the posters here are absolutely fucking retarded. Talk about infiltration, Jesus Christ
>>79685147
No you fucking retard. GDP is based on real value added not the sum value of transactions.
Stupid mongoloid watched a couple of youtube videos by monetarist kikes and now things he is an expert. End yourself cretin.
>>79685431
No because the number would keep getting smaller and smaller and debt to gdp ratio would go up.
>>79685455
Im agsinst hillary and obongo. So heres how i see it the government can print money any time it wants and thats a good thing. However they should increase the money supply in the form of tax cuts to the poor and social programs but instead they are giving it to Jewman Sachs
>>79680544
>When are we going to have a single world currency?
When the Man of Lawlessness takes power.
>Also what would we call it?
"The Mark of the Beast"
>>79685116
>Friedman supported a completely fixed monetary supply later in life
I didn't know that I thought he just supported raising the money supply based on the increase of nominal GDP and the demand of money.
>>79685459
>Jewish financiers lobbied hard for the creation of the FED
The FED was created by Anglos when Anglos still dominated the US
>You are just making stuff up.
nope
without a central authority banks print their own money/credit. They prefer that form of autonomy and monopoly.
>Jews cannot issue credit unrestrained under a gold standard.
Sure they can.
Eventually of course they go bankrupt, but they just start up another one again and repeat the boom bust cycle.
>Friedman wanted the jew central bankers to print unlimited money
kek
Friedman literally came up with the term "helicopter money" to disparage Keynesian money printing policies.
Friedman actually wanted to actively destroy/shred money in order to decrease the money supply
>Keynes was a homosexual pedophile
Keynes was married and a pro white eugenicist
>>79680544
We've had it since the beginning of time, it's called "food", OP.
182 replies Jesus /pol/ don't take the bait
>>79684640
>It is the expectation of future profits and dividends that increases the exchange value of a stock.
Thirty-nine percent of global stocks pay no dividends. Who owns stock in these companies and why? How do they hold value?
>You are forced by the state to accept dollars in every transaction or to settle any debt.
What does this change about the currency? If it were mandated that it be used exclusively, perhaps, but people make transactions every day that do not involve USD. The only way otherwise that this policy creates value is if it is coupled with price controls.
>>79685459
Trump is a keynesian. Also the first Fed Chairman was an Irishmen
>>79685460
In what way is the legal status of a currency relevant? Do you check in with the state every time you make a transaction to see if they approve?
If that would happen trade would be fair as fuck because you know the cost and you know if youre gettinf cheated or not.
>>79685737
yes
taxes need to be cut on all productive industry
any money that is spent needs to be invested in infrastructure, public goods, etc
This was explicit American and German in the 19th century that were promoted by great thinkers like Alexander Hamilton and Friedrich List and the reason they were so successful compared other countries.
https://en.wikipedia.org/wiki/American_School_(economics) to other countries.
https://en.wikipedia.org/wiki/Historical_school_of_economics
>>79685669
Pls have cancer moron. GDP is literally based on transactions and their prices. You are of now my pet monkey and I shall play with you as I wish.
>>79680544
I believe we're eventually going to grow out of trying to force all commerce to go through a single monetary standard, and use computers to handle the complexity of trading diverse commodities and securities as money.
For instance, you might buy a bag of groceries in New York with a one-ten-thousandth share of next season's orange harvest from a farm in California, a tenth of a share of Intel stock, and a kilogram of ethylene in a tank somewhere in Texas. But you don't bother to look at these details, you just know that you spent 10 units according to your own wealth metric, and that the balance of your portfolio is at 12,073 units after the transaction. The clerk at the store doesn't see these details either, he just knows that your computers negotiated an exchange (which may or may not have involved a third party) while you shopped, which the store values at a total 12 units in its wealth metric.
>>79685616
Ok let me rephrase that. There is no law/government enforcing the use of bitcoin and/or its issue which makes it inherently unstable and risky to use as a currency. Also transaction time, fixed supply, etc.
>>79685921
Government taxation is the only thing that gives currency credibility
I suggest watching this video
https://www.youtube.com/watch?v=-KRi9nF8BiA
>>79685771
Wait Keynes was a racist?
>>79686145
by all modern standards he was
>Keynes was a proponent of eugenics. He served as director of the British Eugenics Society from 1937 to 1944. As late as 1946, shortly before his death, Keynes declared eugenics to be "the most important, significant and, I would add, genuine branch of sociology which exists."[166]
>>79686049
>105 minutes
No thanks. Videos are not information-dense.
Government taxation is also irrelevant. Regarding currency, the only thing that matters is that the parties involved in a transaction prescribe a value to it. It doesn't matter if it's dollars, rocks, real estate, gold, whatever.
>>79685921
The legal status of currency is relevant because if you can't pay your mortgage your house will be taken away from you by force. The legal status of the USD means that it is backed by physical force, which the government has a monopoly on.
If Bitcoin didn't have a legal status you would not be able to go to court over for instance stolen Bitcoin, or unpaid Bitcoin loans. Legal status is important
>>79680646
There it is
>>79686207
Oh thats not really that racist he just wanted bad genes to be cut away.
>>79685771
>The FED was created by Anglos when Anglos still dominated the US
Oy vey it's not the jews it's the Anglos!!!
>print their own money/credit
Only if they have gold reserves to back them up. They are not money they are certificates of deposits. Those can be used as money but they are essentially claims on gold deposits
>Friedman actually wanted to actively destroy/shred money in order to decrease the money supply
Full blown retard (((Friedman))) literally wrote an entire book blaming the FED that it didn't print enough money during the Depression (which is false btw). He even got the (((Nobel Prize))) for that google it
>Keynes was married and a pro white eugenicist
He was a degenerate faggot that got pounded in the ass by young soldiers. Also what about Krugman or Samuelson (both Nobel prize winners) they are Jewish.
>>79685771
>The FED was created by Anglos when Anglos still dominated the US
(((WARBURG)))
>>79684564
Such an ironic representation of Keynes and Friedman, given that the principles involved are totally backward
>>79685820
>Thirty-nine percent of global stocks pay no dividends
Because they are expected to pay dividends in the future. Stocks are securities issued by the company. They have value because the compny is expected to make payments to its shareholders (creditors)
>What does this change about the currency?
Oh geez I don't know I guess being forced by law to pay all taxes all wages settle all debts and transactions in thatcurrency has no effect on the value or use of said currency by the public...
(((Keyensian economics))) and central banking altogether is incapable of sustaining a single currency in two or more radically different economies. Just look at Greece.
>>79686323
Your fucking stupid he said the Fed shouldnt have destroyed money during the depression.
>>79680544
It's an incredibly stupid idea to anyone who cherishes his or her freedom.
>>79686600
Sure
the Amerro kek
>>79680544
would suckle/10
>>79686611
Greece is proof neoliberalism and austrian economics fails.
>>79680900
Would you want Africa to be part of your country?
Closest we came to a international currency was under the gold standard. With a global currency each country loses its ability to use domestic monetary policy, you only get a single interest rate and this causes a fuck-tonne of problems when you have two speed economies.
The most practical solution is flexible exchange rates between countries, so changes in the exchange rate are reflected in differences in inflation levels and interest rate differentials.
>>79682476
gold is a currency
>what is the past fucking 1000s of years of human history where gold was used as a currency and used to regulate the value of paper money
fucking communists
>>79686712
How is a government debt crisis related to Austrian economics, again? I don't quite follow.
>>79686712
When your economy fails you win
>>79686829
I should add, read up on 'Mundell's Theory of Optimal currency areas'
The world clearly doesn't satisfy it.
>>79686242
>Government taxation is also irrelevant
it isn't
gold coins were only ever legitimate because they were minted by the government to begin with
originally money was just credit created by city officials in the ancient Mesopotamian states, although technically before that tribals used "credit" by marking sticks with notches.
Keynes had a great article on this, but you probably don't care
>>79686323
>Oy vey it's not the jews it's the Anglos!!!
I'm giving the Angles credit for a good idea (The Germans also had a very successful central banking system from the late 19th century until Hitler lost the war)
>Only if they have gold reserves to back them up.
No they don't
banks print credit out of nothing
>literally wrote an entire book blaming the FED that it didn't print enough money during the Depression
That's the exact opposite of reality
>He was a degenerate faggot that got pounded in the ass by young soldiers
Who just happened to be married with a wife
>>79686323
see how keynes people always steer responsibility away from the Jews Greek bro, never trust pseudo commies. Keynes ideas about stimulus has created a harmful welfare state, and put us into 19 trill debt
>>79686273
>The legal status of currency is relevant because if you can't pay your mortgage your house will be taken away from you by force. The legal status of the USD means that it is backed by physical force, which the government has a monopoly on.
Foreclosure is a product of breach of contract, not the means of exchange. You may sign a contract with your lender to repay in shiny rocks and as long as you do so under the terms of your contract USD need not enter the picture. The only feature it has is that it is legal tender, which is not a requirement for a transaction and if anything a last resort.
>If Bitcoin didn't have a legal status you would not be able to go to court over for instance stolen Bitcoin, or unpaid Bitcoin loans. Legal status is important
Unpaid loans involve a breach of contract, as above. Stolen illegal goods are still stolen goods.
>>79686475
Friedman was a globalist free trade kike while Keynes believed in industrial capitalism and helping his own nation.
>>79686993
>Hitler was jewish
kek
>>79686861
Greece cant print money to offset its deflation. Under austrian economics the debt grows because deflation makes the debts value increase. Under Keynesian inflation the debts value decreases
>>79680900
When will the shitty baits ever end? Make Baits Great Again please.
>global currency
JUST HYPERINFLATE MY SHIT UP FAMILY
What's the deal with this kind of thing, anyway?
There's always better sexy pics outside of the porn boards.
>>79687096
>destroyed the entire western world economically
>freedom
fucking libertarians
>>79686968
I agree with everything but the fag part. Sure he wasnt gay even tho he did do some gay stuff. He probably got married because no one would take him seriously if he was gay
But i still like keynes
>>79687361
He had good personal freedom ideas
>>79680544
>When are we going to have a single world currency?
Never.
>It would be incredibly convenient.
Hardly, getting cash exchanged isn't such a huge obstacle to warrant a single world currency ever. Any functionality of it would be equally served by gold, pound and dollar value.
>>79685978
It would be absurd to use securities as money.
>>79685873
>Trump is a keynesian. Also the first Fed Chairman was an Irishmen
Only a keynesian can fix a keynesian system. The deficit is over 10%, this is exploitation of the masses for a small portion of the population. If the deficit was reduced to 4% this exploitation would be greatly reduced and the income disparity would be reduced as well.
>>79686968
>gold coins were only ever legitimate because they were minted by the government to begin with
Are you saying gold has no value? It's curious that early states around the world picked this particular worthless metal from which to mint their worthless money, along with silver, copper, and other worthless metals.
>>79686770
Africa already is part of their country
>>79686968
>I'm giving the Angles credit for a good idea
Jews were the driving force behind central banking fucking shill
>banks print credit out of nothing
Not under a gold standard. They can do that however under central banking. The (((Fed))) can take any collateral from the banks and let them create credit out of thin air. Under the gold standard if you don't have enough gold in your vaults you go bankrupt
>That's the exact opposite of reality
Kill yourself it is not
A Monetary History of the United States, 1867–1960 Go read the synopsis or something you stupid nigger
>Who just happened to be married with a wife
But he was also a raging faggot who prefered the company of young boys. This is pretty much accepted by all historians
>>79680900
I assume you were against Brexit.
Faggot.
>>79680544
It's called the Yuan
>>79687183
Under Austrian economics, the debt doesn't grow because the government doesn't spend all that much money.
>>79687460
>It would be absurd to use securities as money.
It already happens all the time in large transactions.
>>79687460
Nothing wrong with deficits the problem is the money is going to mega banks
>>79687511
Thsts such bullshit. The money supply obviously increased under the gold standard becsuse the GDP did.
>>79687483
Gold is a commodity and can be monetized as anything else.
And gold money was not as widespread as you would like to believe.
>>79687579
Then how does the economy grow? And under true keynesianism the debt doesnt grow because the government prints rather than borrows
>>79687051
Get through Econ 101, and an economic history course. You need to be a man, and you need to compete.
No more free lunch just because you exist. Keynes believed in artificial stimulus, that is painfully out of place when we are so primed for an economic reversal.
Keynes is the father of the modern welfare state. We make more money in cooperative enterprises dealing with countries on equal term without internal, and artificial stimulus. Read john Nash. Temporary stimulus can be ok, but it takes on a permanent characteristic.
>at peopl who produce actual values expense to placate the uninformed, lazy, entitled masses, who will not save, and work
>>79680900
What is wrong with you?
If any world leader wanted to back a world currency, one could approximate such a thing in their central banks tomorrow, if they so wished. Just rebalance central bank foreign reserves to approximate the Special Drawing Rights ratios established by the IMF. China easily could do this, as could Russia, the EU, etc, etc.
The fact that they don't suggests that those central bankers know something that OP doesn't. What is not in dispute here, is that OP is a faggot.
>>79687460
>The deficit is over 10%, this is exploitation of the masses for a small portion of the population. If the deficit was reduced to 4% this exploitation would be greatly reduced and the income disparity would be reduced as well.
It's literally the exact opposite
the lower the deficit the less demand in the economy the more fucked the working class is
>>79687511
>Jews were the driving force behind central banking fucking shill
>hurr muh nazis were jewish
every time
>Kill yourself it is not
Yes it is
Friedman hated Keynes and deficit spending in general
>prefered the company of young boys
bullshit created by libertarians who slander Keynes so they can support globalist leftist kikes.
>>79687695
GDP increased but prices fell in the 19th century under the gold standard. Nothing like inflationary (((fiat currency))) which steals money from savers and gives it to jewish bankers
