LifeFuel The One Good Thing About Western Society is Our Banking System

[Intellectual]

One thing that really makes me happy in life and that I love about living in the West is our money system. The way our system utilizes and encourages credit is arguably why the West is so much more advanced than the rest of the world, at least materially. All I do is look at ways that I can use this system to make myself even richer, how I can be smart with my finances and debt and make myself more powerful in an economic sense.

Thanks to the money system, I can literally have ZERO money, but because my bank knows I have a good job, they'll GIVE me all the money in the world to go out and do stuff. I am talking about spending every day at the steakhouse, I'm talking about a trip to Europe to visit brothels. All of this money is being handed to me by bankers, the banking system is what can help an incel escortmax in a foreign country, the banking system is for what allows efficiency, the banking system is my biggest friend.

 

[Sneir]

One thing that really makes me happy in life and that I love about living in the West is our money system. The way our system utilizes and encourages credit is arguably why the West is so much more advanced than the rest of the world, at least materially. All I do is look at ways that I can use this system to make myself even richer, how I can be smart with my finances and debt and make myself more powerful in an economic sense.

Thanks to the money system, I can literally have ZERO money, but because my bank knows I have a good job, they'll GIVE me all the money in the world to go out and do stuff. I am talking about spending every day at the steakhouse, I'm talking about a trip to Europe to visit brothels. All of this money is being handed to me by bankers, the banking system is what can help an incel escortmax in a foreign country, the banking system is for what allows efficiency, the banking system is my biggest friend.

HAVING JOB AND NO SAVINGS IS HARAM AS FUCK (IN VIDEO GAME)

 

[Intellectual]

HAVING JOB AND NO SAVINGS IS HARAM AS FUCK (IN VIDEO GAME)

>Hold savings
>Whilst central governments devalue your money
Shiggy Diggy

 

[Fancy Alcoholic]

good goy

 

[Intellectual]

good goy

>Using tools at your available to get rich and live a good life makes you a goy.

 

[Fancy Alcoholic]

>Using tools at your available to get rich and live a good life makes you a goy.

I don't pursue money as it is still cope anyway as an incel. Plus I already have enough to do what I want. And I don't want a lot of silly stoopid expensive shit anyway, so I'm good.

 

[xkcdCleftcel]

good goy

 

[Intellectual]

good goy

>getting rich and having a good life means you're a goy

 

[Transcended Trucel]

true tbh.

 

[based_meme]

Holy fuck, can you stop shilling for the globalists and kike bankers? The system that benefits one but hurts a thousand others isn't a good system.

You were born upper-middle class at the very least, weren't you? You most likely had to be, if your claim about having graduated from an Ivy League school is true.

 

[Intellectual]

Holy fuck, can you stop shilling for the globalists and kike bankers? The system that benefits one but hurts a thousand others isn't a good system.

You were born upper-middle class at the very least, weren't you? You most likely had to be, if your claim about having graduated from an Ivy League school is true.

How is anyone hurt? The only way a transaction is conducted is if both parties benefit.

 

[based_meme]

How is anyone hurt? The only way a transaction is conducted is if both parties benefit.

Interest loans benefit the debtor, not the debtee. The lender does zero labor and produces zero value. Bankers are just parasites.

In theory you shouldn't even need a bank outside of a legal or business necessity. Your wealth should be tied up in investments and you should have very little liquidity. You can keep your savings elsewhere outside of a bank where it can't be used to generate interest profits.

 

[Intellectual]

Interest loans benefit the debtor, not the debtee.

It benefits the debtor, thanks to interest-bearing loans, Apple was able to invest in their airpods division which generated them billions, Berkshre Hathaway was able to acquire a nuclear power plant, and NVIDIA was able to build another chip plant. Seems like they benefitted from the interest-bearing loans.

The lender does zero labor and produces zero value. Bankers are just parasites.

They risked their capital in compensation for the interest.

In theory you shouldn't even need a bank outside of a legal or business necessity. Your wealth should be tied up in investments and you should have very little liquidity.

Wait, that's exactly why i need a bank. All my wealth is tied up in investments and that's why I need to borrow money to spend and live.

You can keep your savings elsewhere outside of a bank where it can't be used to generate interest profits.

 

[Intellectual]

When will mods ban this troll?

You literally have swastikas in your bio, you shouldn't even just be banned, you should be charged.

But i know you're a troll and in real life you're a centrist like everyone else who pretends to be a Nazi to piss people off.

 

[based_meme]

It benefits the debtor, thanks to interest-bearing loans, Apple was able to invest in their airpods division which generated them billions, Berkshre Hathaway was able to acquire a nuclear power plant, and NVIDIA was able to build another chip plant. Seems like they benefitted from the interest-bearing loans.

Just pick well established mega corps with a massive amount of market valuation to make your point theory.

They risked their capital in compensation for the interest.

The interest is predatory and their risk is effectively nil, especially with fiat currency being generated at the press of a button to pump out more interest-bearing loans.

Wait, that's exactly why i need a bank. All my wealth is tied up in investments and that's why I need to borrow money to spend and live.

A bank is just a place to hold your money. If you're generating income, you don't need to hold it in a bank. You spend what you need and invest the rest. If you need to borrow money to spend and live, you're doing something fundamentally very wrong.

 

[Intellectual]

Just pick well established mega corps with a massive amount of market valuation to make your point theory.

Your argument was that debt only benefits the creditor, I have multiple examples of how it benefitted both parties. The banks were paid back and the borrowers got richer. I can give other examples

1) I'm able to spend money that I don't have yet on steakdinners at the local steakhouse, thanks to debt

2) My doctor has student loans, thanks to this debt, he was able to go to medical school.

3) A car loan could help you get a job that's higher paying but further away, thanks to the loan you can earn more money.

The interest is predatory and their risk is effectively nil, especially with fiat currency being generated at the press of a button to pump out more interest-bearing loans.

It's not predatory, it's an opportunity many wish they had.

A bank is just a place to hold your money. If you're generating income, you don't need to hold it in a bank. You spend what you need and invest the rest. If you need to borrow money to spend and live, you're doing something fundamentally very wrong.

I need to borrow money BECAUSE all my money is in investments. My paycheck automatically goes into my Roth IRA that buys Berkshire Hathaway and Electric Power Grids, it's because I invest that I need to borrow money to live.

 

[based_meme]

Your argument was that debt only benefits the creditor, I have multiple examples of how it benefitted both parties. The banks were paid back and the borrowers got richer. I can give other examples

It's cherry picking. Exceptions don't prove the rule. You may as well just hypotheticals. For every loan given to a successful corporation with an established foothold in the market that ends up benefiting them (because they had resources in the form of analysts to do the math and see that their gamble likely pays off), there are thousands more who don't benefit and end up bankrupt or wasting away their wealth paying back the loans.

1) I'm able to spend money that I don't have yet on steakdinners at the local steakhouse, thanks to debt

2) My doctor has student loans, thanks to this debt, he was able to go to medical school.

3) A car loan could help you get a job that's higher paying but further away, thanks to the loan you can earn more money.

All of which is a pound of flesh on a timer that will be demanded quite harshly, the harm of which will be incurred upon you and the other two. Just because you can't see or feel the harm in the immediate, doesn't mean it isn't there.

Interest-based monetary systems are cannibalizing in nature. You're forced to feed on yourself to pay off the interest, but you can't do that, because the money has to come from the outside, so you ultimately implode on yourself.

It's not predatory, it's an opportunity many wish they had.

Interest loans are the very definition of predatory practices. You're exploiting people in need and making them pay the same way the people in want must pay, like the want to introduce a new product into the market or the want to eat at a steakhouse everyday.

Just look at the World Bank loans given out to third world nations, especially rich in resources who have gone through turmoil. They're designed to ensure centuries of debt. Even if they exhaust every last gram of their natural resources, they won't be able to pay back the principal, let alone the insane interest on the loans. The citizens end up having to pay for it across multiple generations as part of their taxes. Ultimately, nobody is free. This is the idea of debt slavery and being practically owned by the banks.

I need to borrow money BECAUSE all my money is in investments. My paycheck automatically goes into my Roth IRA that buys Berkshire Hathaway and Electric Power Grids, it's because I invest that I need to borrow money to live.

You're doing it fucking bass-ackwards. You get your money and deduct your life expenses, THEN you throw the rest in investments. JFL

Whatever. You do you.

 

[Intellectual]

It's cherry picking. Exceptions don't prove the rule. You may as well just hypotheticals. For every loan given to a successful corporation with an established foothold in the market that ends up benefiting them (because they had resources in the form of analysts to do the math and see that their gamble likely pays off), there are thousands more who don't benefit and end up bankrupt or wasting away their wealth paying back the loans.

They chose to take out the loan, the fact that they even had the option was a benefit to them, because they could have always turned it down. Many many people have gotten rich off mortgage loans, that's why the boomers are so rich.

All of which is a pound of flesh on a timer that will be demanded quite harshly, the harm of which will be incurred upon you and the other two. Just because you can't see or feel the harm in the immediate, doesn't mean it isn't there.

But by then you'll be richer, and they'll extend more credit because you'll have more assets

Interest-based monetary systems are cannibalizing in nature. You're forced to feed on yourself to pay off the interest, but you can't do that, because the money has to come from the outside, so you ultimately implode on yourself.

The assets you bought with the debt will generate you more than enough cash to pay the interest.

Interest loans are the very definition of predatory practices. You're exploiting people in need and making them pay the same way the people in want must pay, like the want to introduce a new product into the market or the want to eat at a steakhouse everyday.

So they're making my life better, letting me put more of my income into investments to get even richer, and profitting of it, sounds like a win win win.

Just look at the World Bank loans given out to third world nations, especially rich in resources who have gone through turmoil. They're designed to ensure centuries of debt. Even if they exhaust every last gram of their natural resources, they won't be able to pay back the principal, let alone the insane interest on the loans. The citizens end up having to pay for it across multiple generations as part of their taxes. Ultimately, nobody is free. This is the idea of debt slavery and being practically owned by the banks.

Then the countries shouldn't take out the debt if it's not good for them.

You're doing it fucking bass-ackwards. You get your money and deduct your life expenses, THEN you throw the rest in investments. JFL

Whatever. You do you.

You're not allowed to reduct life expenses from taxes.

 

[based_meme]

You're not allowed to reduct life expenses from taxes.

In that case you're gaming the system to benefit you, which is well played.

 

[Intellectual]

In that case you're gaming the system to benefit you, which is well played.

You'll go to federal prison for tax fraud if you do that without a valid reason.

 

[based_meme]

You'll go to federal prison for tax fraud if you do that without a valid reason.

What's your "valid reason?"

 

[Intellectual]

What's your "valid reason?"

If you're in therapy or something and it falls under "mental health" category, you can write it off as a healthcare expense.

I have no desire to see a therapist so I can't use that expense writeoff.

 

[based_meme]

If you're in therapy or something and it falls under "mental health" category, you can write it off as a healthcare expense.

I have no desire to see a therapist so I can't use that expense writeoff.

I see.

 

[starcrapoo]

yea but the easy money of keynesian economics slowly made the world what it is today. a degenerate clown world filled with mindless consumerist NPC zombies.

foids don't want men that earn less than them so men are opting out of society altogether (or offing themselves).

it truly is a clown world and there needs to be thousands of chelyabinsk sized meteors hitting the planet right now preferably over america mostly.

 

[Intellectual]

yea but the easy money of keynesian economics slowly made the world what it is today. a degenerate clown world filled with mindless consumerist NPC zombies.

foids don't want men that earn less than them so men are opting out of society altogether (or offing themselves).

it truly is a clown world and there needs to be thousands of chelyabinsk sized meteors hitting the planet right now preferably over america mostly.

Keynesianism is a good thing, I'm actually a Neo-Keynesian or Post-Keynesian, I think governments should run perpetual deficits forever.

 

[based_meme]

I think governments should run perpetual deficits forever.

 

[Intellectual]

Just say you don't know economics bro.

 

[Fancy Alcoholic]

I think governments should run perpetual deficits forever.

 

[Intellectual]

Just say you never studied economics.

 

[based_meme]

Just say you don't know economics bro.

I know enough to know that keeping a nation in a constant state of debt is a terrible idea.

 

[Intellectual]

I know enough to know that keeping a nation in a constant state of debt is a terrible idea.

Every nation in the world is in debt, is every nation on earth run by idiots?

In fact, the one time we did pay off the national debt, it led to a catastrophic failure. You need to constantly borrow money, expand the money supply, and issue that money into the system to keep incomes and asset values going up.

 

[Fancy Alcoholic]

Just say you never studied economics.

I know countries can go in debt more or less indefinitely, it's just that you can't say the same to regular people who just aren't immortal, plus the question of the debt gets tricky when it comes to countries who aren't sovereign regarding their own creation of money like in EU.

 

[ElTruecel]

true tbh.

One thing that really makes me happy in life and that I love about living in the West is our money system. The way our system utilizes and encourages credit is arguably why the West is so much more advanced than the rest of the world, at least materially. All I do is look at ways that I can use this system to make myself even richer, how I can be smart with my finances and debt and make myself more powerful in an economic sense.

Thanks to the money system, I can literally have ZERO money, but because my bank knows I have a good job, they'll GIVE me all the money in the world to go out and do stuff. I am talking about spending every day at the steakhouse, I'm talking about a trip to Europe to visit brothels. All of this money is being handed to me by bankers, the banking system is what can help an incel escortmax in a foreign country, the banking system is for what allows efficiency, the banking system is my biggest friend.

Fuck central banking and fuck Keynes

 

[based_meme]

Every nation in the world is in debt, is every nation on earth run by idiots?

No, most nations are run by puppets and agents of both national and non-national private interest groups (like multinational banking corporations) who want to use those nations as vassals for their own agendas. Politicians, including elected leaders, are bought and sold like anything else on the market.

 

[Intellectual]

I know countries can go in debt more or less indefinitely, it's just that you can't say the same to regular people who just aren't immortal, plus the question of the debt gets tricky when it comes to countries who aren't sovereign regarding their own creation of money like in EU.

Money printing abilities adds an added bonus of not having to worry about insolvency, but individuals can do the same thing.

Bill Gate's personal debt has only increased throughout his life. He will continue to get richer through capital appreciation, and his debts will also rise.

 

[Intellectual]

No, most nations are run by puppets and agents of both national and non-national private interest groups (like multinational banking corporations) who want to use those nations as vassals for their own agendas. Politicians, including elected leaders, are bought and sold like anything else on the market.

Maybe a few shithole countries are so deeply in debt that's the case, but by in large Western Liberal democracies are independent.

 

[Intellectual]

Fuck central banking and fuck Keynes

Why?

 

[based_meme]

Maybe a few shithole countries are so deeply in debt that's the case, but by in large Western Liberal democracies are independent.

Maybe you didn't hear Klaus Schwab, for example, openly bragging about how he has half of the Canadian Liberal government's cabinet in his pocket. That's just one instance of many in the past 100 odd years.

 

[ElTruecel]

Why?

Jewish garbage

 

[RandomGuy]

I know enough to know that keeping a nation in a constant state of debt is a terrible idea.

Every nation in the world is in debt, is every nation on earth run by idiots?

In fact, the one time we did pay off the national debt, it led to a catastrophic failure. You need to constantly borrow money, expand the money supply, and issue that money into the system to keep incomes and asset values going up.

View: https://youtu.be/LgDgcJeQxAI

 

[Intellectual]

Maybe you didn't hear Klaus Schwab, for example, openly bragging about how he has half of the Canadian Liberal government's cabinet in his pocket. That's just one instance of many in the past 100 odd years.

That has nothing to do with the monetary system. Belarus is very anti-WEF and they're in debt.

 

[Intellectual]

I thought you were neo-conservative. Why should fake fascists (Chuds) be prosecuted?

Neoconservatives aren't Nazis. Nazism is a hateful and genocidal ideology that seeks to exterminate individuals on the basis of race, I think that's fucked up.

Jewish garbage

So do you have any real arguments?

 

[based_meme]

View: https://youtu.be/LgDgcJeQxAI

"The trick is to keep borrowing in your own currency."

JFL

 

[Intellectual]

Why do many neo-conservatives use Nazi symbolism to represent their political affiliations?

I think they're very confused individuals.

Many of the founders of the Neo-Conservative movement were socially Liberal Jews who sought to export democracy around the globe, Bill Kristol comes to mind. He's an ex-Trotskiyite.

 

[Intellectual]

"The trick is to keep borrowing in your own currency."

JFL

Why is that funny?

 

[based_meme]

That has nothing to do with the monetary system. Belarus is very anti-WEF and they're in debt.

It's not necessarily about the monetary system. It's about who owns the debt. The Western nations are all in debt to private banks. Their corrupt leaders, not only allow this, but encourage it.

A sovereign nation becomes prosperous through producing goods and providing services using it's resources, not through perpetual debt slavery to outside groups that have no allegiance to the nation and don't care about it's well-being.

 

[based_meme]

Why is that funny?

Because you turn your own economy into Monopoly with effectively fake money. You don't solve the problem of being in the hole by digging an even deeper hole for yourself.

 

[Transcended Trucel]

Fuck central banking and fuck Keynes

Every powerful nation on earth has a central bank boyo. It is a necessity

 

[based_meme]

Every powerful nation on earth has a central bank boyo. It is a necessity

So long as that central bank isn't private.

 

[Transcended Trucel]

So long as that central bank isn't private.

Imo might be better private rather than democratically elected. A Democratically elected chairman wouldn't be reliable enough to raise the interest rates when needed.