Bankocracy must be destroyed

[rupol2000]

As for the issues of trade and trade turnover, here the first measure is maximum decentralization and minimum intermediation

 

[rupol2000]

Nowadays it is technically easier. There is an Internet through which the buyer himself can find the seller. This is a positive trend for the right.

 

[rupol2000]

The trading system can be described in 2 words as follows: the more the intermediary receives, the less the manufacturer receives. Hence the mercantile power over the working people. Merchants merge with banks, banks replace the state and we get socialism.

 

[rupol2000]

Traders should ideally be the lowest caste, they should be dust under the feet of workers.

 

[rupol2000]

And in general, any mediation in trade can be liquidated at all.

 

[Toddsterpatriot]

When they claimed full coverage, it was only partial.

Who claimed full coverage? Where?

 

[Toddsterpatriot]

Almost half of the power of a totalitarian "social" state lies in the right that the state appropriated to itself - a monopoly on the issue of money

You can issue money. Can you get anyone to accept it?

 

[rupol2000]

Who claimed full coverage? Where?

Read the history described by the Austrians. The concept of fractional reservation appeared de facto when they were exposed. No one initially said that their tickets were not backed by real gold in full, there was no concept of "partial reserve". They simply guaranteed the gold on demand, but when there was a hype, the scams were opened

 

[Toddsterpatriot]

Read the history described by the Austrians. The concept of fractional reservation appeared de facto when they were exposed. No one initially said that their tickets were not backed by real gold in full, there was no concept of "partial reserve". They simply guaranteed the gold on demand, but when there was a hype, the scams were opened

You made the claim, post the proof.

 

[rupol2000]

You made the claim, post the proof.

Books of Austrian economists.
Austrian School Economists
By the way, the Austrians are the fathers of American democracy.

 

[Toddsterpatriot]

Books of Austrian economists.
Austrian School Economists
By the way, the Austrians are the fathers of American democracy.

Where did the Austrians say that a bank has 100% coverage?

 

[WinterBorn]

You just don't understand finance

I understand it quite well. I have availed myself of it several times in my life.

 

[rupol2000]

Where did the Austrians say that a bank has 100% coverage?

Jerk. It was supposed. When you receive a bilet of bank backed by gold, they do not write to you that you take the risks of bankruptcy in the event of massive gold buybacks

 

[rupol2000]

Toddsterpatriot
honestly they should have written: we "guarantee" the exchange for gold with a 10% probability. Whether it's a scam or not, I don't care.

 

[Toddsterpatriot]

Jerk. It was supposed. When you receive a bilet of bank backed by gold, they do not write to you that you take the risks of bankruptcy in the event of massive gold buybacks

It was supposed.

By you.

 

[Toddsterpatriot]

Toddsterpatriot
honestly they should have written: we "guarantee" the exchange for gold with a 10% probability. Whether it's a scam or not, I don't care.

Whether it's a scam or not, I don't care.

The easy solution is you shouldn't bank with someone who doesn't have 100% reserves.
Let me know how that works out for you.

 

[rupol2000]

It was supposed.

By you.

Tell me about that scam victim who supposed he was dealing with a scammer when got hooked.

 

[Toddsterpatriot]

Tell me about that scam victim who supposed he was dealing with a scammer when got hooked.

What are you mumbling about now?

No bank today says they have 100% coverage.

Talk about today, not Austria 700 years ago.

 

[The Sage of Main Street]

You just don't understand finance

The Most Valuable Human Resources Are Wasted Because Unpaid Education Is an Inhuman Incentive

It's the incompetent bankers and the parasites they lend to who cause the problem. Investment is needed to take advantage of resources and market opportunities; no one can save for years to get what he needs to start producing. A reserve is needed when the local banks are fully loaned-out and unable to finance all the available opportunities.

 

[Toddsterpatriot]

The Most Valuable Human Resources Are Wasted Because Unpaid Education Is an Inhuman Incentive

Huh?