No.80464
What is your solution to this /liberty/?
No.80465
It was fun at first but I'm really getting shit of this shit.
No.80466
>>80464
>make assertions
>How can anyone argue against none-arguments?
>checkmate, brainlets
No.80470
>>80466
>central banking isn't a scam
No.80472
>>80470
I don't think he specified central banks.
No.80484
>>80465
How is that any different from a communist revolution other than schematics?
No.80495
>>80484
I have a feeling the word you meant to say was semantics, and also, at the end of the libertarian revolution, all the land divvied up would be privately owned and operated by whoever first did labor on it. Wheras in a communist revolution, the land would be publicly owned by the state (read: privately owned by a shadow council) and use of the land would be decided by the central government.
No.80496
>>80484
It's very different. Do you know what a communist revolution is?
No.80499
>>80496
>Do you know what a communist revolution is?
Apparently not, because supposedly we've never had one.
No.80500
No.80509
>>80484
Because as it turns out, anarcho-capitalism has the same problem with bullshit dichotomies that antifa faggots plague themselves with. The only saving grace, if you can call it that, is that anarcho-capitalists don't have antifa's choice in making this a dichotomy: the central tenant is that any government making laws and raising taxes, regardless of context, violates people's NAP. Anarcho-capitalists will organically reconstitute into a feudal system as >>80465 explains, like how anarcho-communist societies will organically form a totalitarian dictatorship.
In other words, anarchism naturally gives way to some form of government, regardless of its economics.
No.80511
>>80509
That's the exact opposite of what I was pointing out you illiterate mongoloid.
No.80512
No.80514
>>80470
>banks = central banks
2k IQ
No.80529
>>80495
Funny you say that. So will you be the first idealist Right Capitialist that denounce libertarian coups?
>>80496
Tell me.
No.80530
>>80514
This, but unironically.
No.80544
>>80499
That image is so shit on so many levels its hard to comprehend
No.80546
Whoever makes wealth controls its distribution because that person owns it.
So-called means of production are such wealth as well.
No.80548
>>80514
>central bank cronies =/= central banks
No.80550
>>80547
it's really bad though
No.80551
>>80544
>like ugh I can't even!
Leftists are estrogen blobs.
No.80552
>>80499
I'm pretty sure most Marxists will actually defend the USSR, East Germany, and Cuba though?
No.80553
>>80511
Then you need to learn how to post on an internet forum before you try doing it again. Might help to ask a kindergarten teacher for advice on interpersonal communication.
No.80557
>>80464
wealth is not distributed thorugh banks, the banks only store money.
The guy who posted that is ignorant of economics.
No.80568
>>80557
>Fed lends to major banks
>banks choose whether or not to invest it
No.80569
>>80568
*under a statist paradigm the fed gives magic money it just created to major banks / the gov
No.80570
>>80553
>fails to properly read a Rothbard quote
>y-you should have been more clear!
Sure thing bud.
No.80580
>>80464
>avalanche of evidence that it's the jews who own everything
<it's le porky XDD
<we fight against him by shilling for him XDD
This is your brain on leftism.
No.80581
>>80580
>read my shitty infograph with 0 citations
No.80583
>>80581
Exept it has citations.
If you deny my eveidence why don't you look for you own? Google "who owns google/youtube/facebook/trump/hollywood/allbanks/etc". The kikes own everything and incases like hollywood and trump they are'nt even shy to admit.
No.80591
NAZBOL IS THE ONLY SOLUTION
No.80609
>>80591
Nuclear war is the only solution.
No.80612
>>80552
I'm an ancom and even I would do the same.
The infographic is just shit.
No.80614
Start working for crypto currencies instead of fiat
The end
No.80620
>>80612
>that pic
>no dildo
>no Autism Speaks poster
>no MLP custom plushie
>no white knight armor
>no bowtie
>he isn't fat
Times communism worked/10
No.80640
>>80614
I like crypto but I would prefer to get paid in commodity money. Something backed by and redeemable for non-perishable goods like oil, coal, gold, certain luxuries, industrial chemicals, etc.
No.80674
>>80591
Never knew nazbols liked Varan. Or kaiju for that matter.
No.80680
There is no solution because /liberty/ doesn't consider this a problem, in fact they count it as an efficient way to do things.
No.80684
>>80680
>central bank
>not a problem
No.80853
>>80680
Doesn't consider what exactly a problem? Post anything that isn't completely vague whining that can deflect any criticism eternally because people have to guess what you're implying. It wasn't any less annoying when Marx did it all the time.
No.80884
>>80684
If it were a 'private' central bank you fuckers would hail it as some kind of glorious function of the free market.
No.80886
>>80884
You don't really know what a central bank is, do you?
No.80887
>>80884
>'private' central bank
>state chartered institution with a monopoly to govern the value of currency
>private
Maybe if the state allowed for several competing banks to issue their own currency and all of them were accepted for purposes of taxation.
No.80888
>>80886
>doesn't think central banks are a possible thing
You don't really know what a bank is, do you?
No.80889
>>80884
The IMF is a private banking institution though.
No.80892
>>80888
Give a straight answer instead of meming. We've already said a private central bank is a contradiction in terms and why it is so. Having a legal monopoly on the issuing of State currency (and distributing it) is far removed from private. If you work for and with the State you are part of the State.
No.80894
>>80889
"Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money"
Countries are not private actors. Countries do not trade. Those in power do on the behalf of the populace and take none of the responsibility of the outcome.
No.80895
>>80894
>"Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money"
And the owners of the IMF profits.
> Countries are not private actors. Countries do not trade. Those in power do on the behalf of the populace and take none of the responsibility of the outcome.
Cool. What point are you making exactly?
No.80902
>>80895
>owners of the IMF profits.
*private owners
Not the states.
No.80903
>>80895
>And the owners of the IMF profits.
<income was greater than expenditure, therefore this government-funded, government-utilized institution is now private
Nigger what? Is every state government that runs a surplus now privatized too? By corollary, are unprofitable companies now public domain?
No.80905
>>80903
>Is every state government that runs a surplus now privatized too
No, but they should be.
No.80906
Excuse my retardation regarding the IMF. It is not a private bank.
No.80913
>>80906
And who's money are they lending?
No.81073
>>80892
What's a difference between a state and a corporation in terms of finance? I really don't see a difference.
No.81074
>>80897
>economic fanfiction
No.81075
>>81073
The state can force you to accept a specific currency, private persons can't. I mean force in the sense that the state can legally and violently punish you to accept worthless dollar bills and not to accept gold, silver, or seashells.
In a market without restrictions about what can or can't be used as a money, people would either trade in gold or silver (not because they have innate value, but because their physical properties and scarcity make them ideally suited as a currency), or in warehouse receipts for gold or silver, in other words: In bills, but bills that you could exchange for a specific amount of a commodity money. They wouldn't except paper with no value behind it, and competition among banks would ensure that such paper money wouldn't last long. Bring a government in, and you can introduce fiat, though, and make fractional reserve banking viable. It could always happen that a private bank issues some paper money with nothing behind it in addition to bank receipts, trusting that not all clients would withdraw from the bank at once, but that would be a shady little fraud in a free market, whereas now, it's open policy.
No.81076
>>81073
And that's why you'll forever be economically illiterate.
No.81132
>>81075
Object with social value vs. Object with social value
Bring a Private company in, and you can introduce fiat, though, and make fractional reserve banking viable.
The Private company can force you to accept a specific currency, private persons can't. I mean force in the sense that the private can legally (because either no self enforced laws or are on good terms with private courts to do this) and violently punish you to accept worthless dollar bills and not to accept gold, silver, or seashells.
The only way this does not apply is if it is out of the physical domain of the private company, other dicos les can adopt the same method and even the same type of currency.
Admit that was just autistic mental gymnastics.
I think you left your shitposting flag on.
No.81133
>>81132
are you actually schizophrenic or something?
No.81135
No.81137
>>81133
Did you misunderstand what I ment by "that" meaning his post?
No.81139
>>81075
>leftypol flag talking like an Austrian
No.81148
>>81132
The reason the company would have to accept other currencies is because to not do so would put it at a competitive disadvantage. When the guy next to you is profiting off the fact that he accepts everyone else's money but you only accept your store credit that is only issued by your store you're going to have to be running an entire economic ecosystem for no reason.
No.81152
>>81148
So why does the US not convert to the Yuan if it "puts them at a competitive disavantage."?
No.81167
>>81152
Because USD is the world reserve currency since America took over the world markets with the IMF and World Bank after WW2, and in alliance with the Arabs after the 1970s oil crisis. If you're already dominant due to extraneous factors why switch? The Yuan is subject to currency controls and as a result has much less usage in foreign exchange, and only debuted much more recently. There are also the competing reserve currencies of the Euro, Pound, and Yen, but as those three currencies are issued by nations in alliance with the US they don't seriously try to supplant it.
This is by no means a good state of affairs though because the US can't effectively manage USD being both a national and international reserve currency, what with it pumping out a massive amount of new USD to bail out the banks after the 2007 recession and devaluing it but not collapsing it simply because other nations need to hold it in faith to trade. The fact that it can't collapse as a result of current arrangements along with low Federal Reserve interest rates also allows America to be a consumer credit nation and the world's source of capital investment despite the fact that it really isn't justified.
This disconnect is why the BRICS nations are attempting to create an actual alternative, but for it to be meaningful it would require China to open up capital flows so that wealthy Chinese can invest abroad. However that would come at a cost to the average person as money would be flowing out of the country and an increase in value from successful enterprise would make their labour less profitable in international markets. As the Chinese Communist Party is obsessed with stability it has so far not deviated from the previous path of forced devaluations to maintain growth, and in comparison with the West it has more tools at its disposal to establish policies such as minimum wage hikes. This is not viable in the long term however as the CCP's domestic investment lending is suffering a decline rate of profit, and without making a change it will enter into a period of stagnation. The Belt and Road initiative is a state program to turn this around under managed means but governments generally suck ass at making financial decisions and it will likely fail.
Even if the USD continues to inflate thanks to irresponsible policy, the Chinese tether to American consumption and the Yuan's intentional lack of international exposure currently cripples its ability to be a replacement. The "currency" that has the greatest characteristics to replace the USD is the IMF Special Drawing Right (XDR), but it isn't in great enough circulation and its value is backed by the currency pools of the various nations that contribute to the IMF, which all have their own sovereign interests both diverging and converging so the possibility of its widespread usage is low.
tldr: crypto or gold will take over the world depending on the apocalypse
No.81217
>>81167
>writing all of that for some commie shitposting troll
Jesus Christ anon, these people come here just to take a shit and leave, they couldn't care about your facts or explanations.
No.81218
>>81217
commies love books
No.81225
>>81218
They don't like books, they like trash literature.
No.81228
>>81218
Commies prefer incomprehensible word salad to books.
No.81232
>>81225
>>81228
>they are not books if I don't like them
Come on, this is below you.
No.81234
>>81232
>he still thinks he can argue fairly with the lefties
At the moment the only things below me are the ground and the screaming communists plummeting towards it.
No.81235
>>81232
>not eating shit
Come on, this is below you.
No.81241
>>81237
wtf I love liberty now