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I don't know how the courts can decide on any verdict about any case when nothing makes any sense. The entire economy is a massive government-centered money la

I don't know how the courts can decide on any verdict about any case when nothing makes any sense. The entire economy is a massive government-centered money laundering scheme. Citizens of nations are burdened with trillions of dollars of debt that can never be repaid. On the flip side, corporate stocks are pumping almost indiscriminately due to money printing. We have a class-based system that is literally based on how much stolen/laundered capital you have accumulated. It's weird how some types of stealing is allowed but not others. How does society decide what kind of stealing is OK?

Galanwe 2y ago
It looks like you lack some understanding of how economy and finance work. I think instead of getting angry, you should spend a bit of time _genuinely_ trying to understand how the financial system works. I would recommend you (legally ofc) download and read the CFA level 1 curriculum. It's a good helicopter view.
- lkdfjlkdfjlg 2y ago
  [flagged]
- cryptica 2y ago
  I did. I studied the global monetary system in detail. It's a scam. Let me summarize (as best as I can as it's surely the most elaborate scam, with the most unwitting collaborators that has ever existed): The governments of all countries 'print' new money at a steady rate; simultaneously devaluing all their currencies. They do this by issuing bonds, some of those bonds are bought up by the markets but most bonds are bought up by reserve banks using money that they printed out of nothing (mostly digitally). This issuance of new money devalues the savings of regular citizens and, most importantly, their salaries listed on their work contracts which are denominated in the national currency. The government debts of all countries keep increasing ad-infinitum along with the interest on that debt. More debt with more interest means that the governments need to keep issuing more bonds to get even more money to use to pay back the old debts plus interest, which then increases the debt even more and guarantees that more future money printing/borrowing is necessary. Countries don't strictly need to tax citizens since they can just print money, but the reason they tax citizens is to help keep inflation under control by reducing the supply of currency floating around the economy. The fiat currencies of all countries are inflating but this is not noticeable (to traders, economists, etc...) so long as all currencies inflate at a similar rate; the foreign exchange rates will be stable. Governments give out increasingly large contracts to large corporations to produce systems, weapons, etc... that add no value to citizens' lives but merely exists to control and passify them. People who are in close proximity to government money printers have access to easy money. Those who do not have to work hard for it. Look up Cantillon effects. At current tax rates, money cannot hop far from the government's money printer. Consider that every transaction between citizens is taxed at some rate... Say 30% (a mix of income taxes, sales taxes...) Start with $100, see how much money is left after just 10 hops between different people. After 1 hop, $70 is left to spend, after 2 hops $49 is left, after 3 hops $34 is left... After 10 hops, only $2.80 remains from that 100 dollars! So not only is all money created by the government (or banks that are backed by the central bank which is also a government entity), but the taxation system ensures that money cannot travel too far from that government. It's a closed loop with monetary abundance near the source and extreme scarcity at the periphery. It puts the Cantillon effect on steroids. All artificial, little to do with the so-called free market. How can big cities afford to accommodate millions of people working bullshit office jobs that add no value? Big cities, by virtue of having millions of people, control huge amounts of collateral, which gives them access to bigger loans and bigger gov contracts, which puts them in the front row of the money printers; which makes their capital holders the biggest beneficiaries of Cantillon effects... With those powerful Cantillon effects, the business elite can afford to be inefficient and sustain millions of bullshit jobs. This is barely scratching the surface. I could write a book about it... But nobody would buy it... Because the media is monopolized and nobody would know the book exists. Not only that, but nobody who has money to buy the book has an incentive to understand this information... And they certainly won't be recommending it to their friends... The system is basically as unjust as it can possibly be while still just barely avoiding being exposed as such. Society has become an epic PsyOp; complete with eugenics and elite selection; selecting for increasingly delusional, hypocritical and/or oblivious leaders who can continue running the system while it becomes increasingly dysfunctional. The moment when a business leader starts to notice that something is off is the moment that they get replaced by someone who is even more delusional/oblivious and who can take the company/organization to the next level, unimpeded by common sense or principles. For the next phase, I predict AI is going to make the economy and the monetary system even more complicated. It's going to be even more unjust and even harder to explain. AI will be able to create alternative realities for us. It will control the flow of information in ways that will keep us trapped in hermetically sealed filter bubbles. There are millions of people suffering in silence whose opportunities have been stolen from them and they don't even know what's happening. The current system is absolutely immoral. Please point out any flaw in my arguments.
  - user90131313 2y ago
    Thank you but people here still might not get it :)
  - JumpCrisscross 2y ago
    > I studied the global monetary system in detail You seem to have sampled a hodgepodge of modern monetary theory and neo-pacifist international relations theory. (Also, ignored the role of recession and default in money destruction.) That leads to a mix of correct and incorrect observations tied together incoherently. Within that context, you are right to be frustrated, but not by the state of the world but by your ignorance of it. Introductory texts in money and banking (Mishkin) and international finance (Krugman or Pilbeam) would be advised. You may also benefit from reading Bagehot, who describes British central banking under the gold standard (and colonialism). > given the current rate of AI progress, it's possible you may never read another contrarian comment like this again in your life and neither will any of your descendants Given what AI was trained on, and its lack of understanding and tendency to hallucinate, I’d expect this to become the dominant form of AI-generated economics talk. It certainly is that way on Twitter, Reddit and YouTube already.
    - newsclues 2y ago
      What are the biggest errors in that post? Say top 3, that are easy to prove are false.
      - wuiheerfoj 2y ago
        >The governments of all countries 'print' new money at a steady rate Central bank != government in most developed countries >so long as all currencies inflate at a similar rate; the foreign exchange rates will be stable. Exchange rates are not stable for a variety of reasons that are not purely supply-related
        _factor 2y ago
        Exchange rates used to be pegged to labor. The futures market obfuscated that and is controlled by a central bank through government issued subsidies which cause food surpluses which “should” reduce the price of produce.. if not for the manipulated futures market. I’m sure population density is a variable in this equation as well, I just can’t figure out where to pin it.
- ErikBjare 2y ago
  The CFA curriculum hardly relieves this flavor of criticism.
throwawayqqq11 2y ago
Ironically, with strong regulations from a neutral government, the conflict between the privileged billing class and the poor working class would not erode our society. > The entire economy is a massive government-centered money laundering scheme. This kind of shifts the blame away from the private sector which is actively undermining democracies. > Citizens of nations are burdened with trillions of dollars of debt that can never be repaid. Incorrect. Where is the money that had beem loaned by central banks and is now needed to keep infrastructur and our society in general afloat? Our f̵i̵s̵c̵a̵l̵ monetary system is a zero sum game in the end. So where did the money go?
- lukan 2y ago
  "Our fiscal system is a zero sum game in the end." That would be news to me? Money is created all the time and also lost. The central banks try to keep prices stable, by influencing the rate in which money gets created, so why should it be zero sum? (not a US citicen, though, but I belive the US central banking system works this way)
  - throwawayqqq11 2y ago
    > Money is created all the time and also lost. > why should it be zero sum? Money is created as debt by (central) banks and vanishes as it is paid back.
- JumpCrisscross 2y ago
  > Our fiscal system is a zero sum game in the end “Fiscal usually refers to government finance” [1]. By definition, the government can create and destroy money by fiat. It is not a zero-sum system. [1] https://en.m.wikipedia.org/wiki/Fiscal https://en.m.wikipedia.org/wiki/Fiscal
- unclebucknasty 2y ago
  >This kind of shifts the blame away from the private sector which is actively undermining democracies. This. Rants of the GP's type are pretty common after one gets an intro to the monetary system with a little bias thrown in. These are readily available on a YouTube near you. They tend to be vague and talk about "the banking system" or "the economy" or "the government" being somehow corrupt or rigged, as if by design. Thing is, they're not wrong that something is amiss, but it's not the systems in general. It's private people and corporations that are doing the rigging. Free flow of money into politics courtesy of Citizens United, regulatory capture, a purchased SCOTUS that now openly represents anti-democratic ideals and defangs government in favor of oligarchs, etc. And, it's accelerating. Who'll even need regulatory capture anymore when you can just have SCOTUS nix the government's power to regulate? These are the actual issues and their source is pretty clear. Through that lens, vague ideas about "the system" seem so egregiously obvious a distraction, they read like disinfo.

Galanwe 2y ago

It looks like you lack some understanding of how economy and finance work. I think instead of getting angry, you should spend a bit of time _genuinely_ trying to understand how the financial system works. I would recommend you (legally ofc) download and read the CFA level 1 curriculum. It's a good helicopter view.

lkdfjlkdfjlg 2y ago
[flagged]
cryptica 2y ago
I did. I studied the global monetary system in detail. It's a scam. Let me summarize (as best as I can as it's surely the most elaborate scam, with the most unwitting collaborators that has ever existed): The governments of all countries 'print' new money at a steady rate; simultaneously devaluing all their currencies. They do this by issuing bonds, some of those bonds are bought up by the markets but most bonds are bought up by reserve banks using money that they printed out of nothing (mostly digitally). This issuance of new money devalues the savings of regular citizens and, most importantly, their salaries listed on their work contracts which are denominated in the national currency. The government debts of all countries keep increasing ad-infinitum along with the interest on that debt. More debt with more interest means that the governments need to keep issuing more bonds to get even more money to use to pay back the old debts plus interest, which then increases the debt even more and guarantees that more future money printing/borrowing is necessary. Countries don't strictly need to tax citizens since they can just print money, but the reason they tax citizens is to help keep inflation under control by reducing the supply of currency floating around the economy. The fiat currencies of all countries are inflating but this is not noticeable (to traders, economists, etc...) so long as all currencies inflate at a similar rate; the foreign exchange rates will be stable. Governments give out increasingly large contracts to large corporations to produce systems, weapons, etc... that add no value to citizens' lives but merely exists to control and passify them. People who are in close proximity to government money printers have access to easy money. Those who do not have to work hard for it. Look up Cantillon effects. At current tax rates, money cannot hop far from the government's money printer. Consider that every transaction between citizens is taxed at some rate... Say 30% (a mix of income taxes, sales taxes...) Start with $100, see how much money is left after just 10 hops between different people. After 1 hop, $70 is left to spend, after 2 hops $49 is left, after 3 hops $34 is left... After 10 hops, only $2.80 remains from that 100 dollars! So not only is all money created by the government (or banks that are backed by the central bank which is also a government entity), but the taxation system ensures that money cannot travel too far from that government. It's a closed loop with monetary abundance near the source and extreme scarcity at the periphery. It puts the Cantillon effect on steroids. All artificial, little to do with the so-called free market. How can big cities afford to accommodate millions of people working bullshit office jobs that add no value? Big cities, by virtue of having millions of people, control huge amounts of collateral, which gives them access to bigger loans and bigger gov contracts, which puts them in the front row of the money printers; which makes their capital holders the biggest beneficiaries of Cantillon effects... With those powerful Cantillon effects, the business elite can afford to be inefficient and sustain millions of bullshit jobs. This is barely scratching the surface. I could write a book about it... But nobody would buy it... Because the media is monopolized and nobody would know the book exists. Not only that, but nobody who has money to buy the book has an incentive to understand this information... And they certainly won't be recommending it to their friends... The system is basically as unjust as it can possibly be while still just barely avoiding being exposed as such. Society has become an epic PsyOp; complete with eugenics and elite selection; selecting for increasingly delusional, hypocritical and/or oblivious leaders who can continue running the system while it becomes increasingly dysfunctional. The moment when a business leader starts to notice that something is off is the moment that they get replaced by someone who is even more delusional/oblivious and who can take the company/organization to the next level, unimpeded by common sense or principles. For the next phase, I predict AI is going to make the economy and the monetary system even more complicated. It's going to be even more unjust and even harder to explain. AI will be able to create alternative realities for us. It will control the flow of information in ways that will keep us trapped in hermetically sealed filter bubbles. There are millions of people suffering in silence whose opportunities have been stolen from them and they don't even know what's happening. The current system is absolutely immoral. Please point out any flaw in my arguments.
- user90131313 2y ago
  Thank you but people here still might not get it :)
- JumpCrisscross 2y ago
  > I studied the global monetary system in detail You seem to have sampled a hodgepodge of modern monetary theory and neo-pacifist international relations theory. (Also, ignored the role of recession and default in money destruction.) That leads to a mix of correct and incorrect observations tied together incoherently. Within that context, you are right to be frustrated, but not by the state of the world but by your ignorance of it. Introductory texts in money and banking (Mishkin) and international finance (Krugman or Pilbeam) would be advised. You may also benefit from reading Bagehot, who describes British central banking under the gold standard (and colonialism). > given the current rate of AI progress, it's possible you may never read another contrarian comment like this again in your life and neither will any of your descendants Given what AI was trained on, and its lack of understanding and tendency to hallucinate, I’d expect this to become the dominant form of AI-generated economics talk. It certainly is that way on Twitter, Reddit and YouTube already.
  - newsclues 2y ago
    What are the biggest errors in that post? Say top 3, that are easy to prove are false.
    - wuiheerfoj 2y ago
      >The governments of all countries 'print' new money at a steady rate Central bank != government in most developed countries >so long as all currencies inflate at a similar rate; the foreign exchange rates will be stable. Exchange rates are not stable for a variety of reasons that are not purely supply-related
      - _factor 2y ago
        Exchange rates used to be pegged to labor. The futures market obfuscated that and is controlled by a central bank through government issued subsidies which cause food surpluses which “should” reduce the price of produce.. if not for the manipulated futures market. I’m sure population density is a variable in this equation as well, I just can’t figure out where to pin it.
ErikBjare 2y ago
The CFA curriculum hardly relieves this flavor of criticism.

throwawayqqq11 2y ago

Ironically, with strong regulations from a neutral government, the conflict between the privileged billing class and the poor working class would not erode our society. > The entire economy is a massive government-centered money laundering scheme. This kind of shifts the blame away from the private sector which is actively undermining democracies. > Citizens of nations are burdened with trillions of dollars of debt that can never be repaid. Incorrect. Where is the money that had beem loaned by central banks and is now needed to keep infrastructur and our society in general afloat? Our f̵i̵s̵c̵a̵l̵ monetary system is a zero sum game in the end. So where did the money go?

lukan 2y ago
"Our fiscal system is a zero sum game in the end." That would be news to me? Money is created all the time and also lost. The central banks try to keep prices stable, by influencing the rate in which money gets created, so why should it be zero sum? (not a US citicen, though, but I belive the US central banking system works this way)
- throwawayqqq11 2y ago
  > Money is created all the time and also lost. > why should it be zero sum? Money is created as debt by (central) banks and vanishes as it is paid back.
JumpCrisscross 2y ago
> Our fiscal system is a zero sum game in the end “Fiscal usually refers to government finance” [1]. By definition, the government can create and destroy money by fiat. It is not a zero-sum system. [1] https://en.m.wikipedia.org/wiki/Fiscal https://en.m.wikipedia.org/wiki/Fiscal
unclebucknasty 2y ago
>This kind of shifts the blame away from the private sector which is actively undermining democracies. This. Rants of the GP's type are pretty common after one gets an intro to the monetary system with a little bias thrown in. These are readily available on a YouTube near you. They tend to be vague and talk about "the banking system" or "the economy" or "the government" being somehow corrupt or rigged, as if by design. Thing is, they're not wrong that something is amiss, but it's not the systems in general. It's private people and corporations that are doing the rigging. Free flow of money into politics courtesy of Citizens United, regulatory capture, a purchased SCOTUS that now openly represents anti-democratic ideals and defangs government in favor of oligarchs, etc. And, it's accelerating. Who'll even need regulatory capture anymore when you can just have SCOTUS nix the government's power to regulate? These are the actual issues and their source is pretty clear. Through that lens, vague ideas about "the system" seem so egregiously obvious a distraction, they read like disinfo.