qotd
Discord ID: 588205956039442452
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at least in the USA
I believe the financial institution as a whole will, some will die due to incompetence, and others will take their place. @Asdrubal
*DB has 49 trillion dollars or 43.5 trillion euros in unpaid derivatives*
*the US has over 200 trillion dollars in unfunded liabilities*
It wouldn't matter
The Fed can control money supply in the USA which is all that matters
There cannot feasibly be a total financial meltdown in the USA
If we really wanted to we could reject any owed debts as a nation and the world would just have to eat it.
Defaults
But realistically weโll just have an unlimited debt ceiling.
Itโs the most diplomatic thing to do.
And since we have a fiduciary monetary system we'd be fine
FDIC would insure deposits for most Americans
I mean, a little inflation might occur if they pay out, but not any major issues if we handle it correctly. @Orson Krennic
The Fed would curb inflation quickly in this scenario
If the global market just like died
And our major financial institutions filed chapter 11
They'd be bailed out
Discount rate would go down to 0
It would be 2008 but take longer to get out of
But the system would survive
The only thing that can kill the system is a firesale
@Orson Krennic And of course thatโs what bailouts are made to prevent.
Right
You cannot kill the US finance system
Because
You can't kill America
Rather, you could, but itโs entirely unrealistic.
Right, the only thing that could do it is a firesale attack
Die hard style
And that would only be a real issue if everyone did it or if a large amount of an industry was monopolized. @Orson Krennic
And even then the financial leaders of the companies would know better when their profits are insured by the federal government.
Monopolies aren't even that big of a problem most times
Natural monopolies are perfectly fine
But most monopolies are created by the government
@Orson Krennic The kind that exist because of government interaction or the kind that were originally started by the government?
Natural monopolies exist because of high operation or start causes in an industry
But large conglomerations are made rich because they get money and contracts from the government
can we just take voting rights away from women? that will solve 90% of issues
so true
Dude also wants to take voting rights away from everyone who doesnโt own property
So yea
@Orson Krennic Monopolies can stifle free markets. Itโs like a massive oak tree preventing anything from growing under it. Sometimes the government needs to cut it down and let the rest of the market grow.
Regardless if it grew on its own or if the government planted it.
Natural monopolies operate differently
It's like a local cable company
Not to mention if it falls by itself very bad things can happen like the market collapsing and prices skyrocketing because supply canโt meet demand.
That's a natural monopoly
Because the operating costs of operating another cable company are too high
@Orson Krennic Local cable companies arenโt good. It stifles competition which takes away much of the incentive to provide good deals and better technology.
Natural monoplies aren't necessarily bad
They provide services at a low cost to consumers
Whatโs keeping them from raising the cost?
It would be competition, but they donโt have any because the startup costs arenโt worth the profit. @Orson Krennic
The only alternative I see is regulation, local or otherwise.
@DrRisen if they did raise costs then it would be economically profitable for a new company to start up
But if they offer good service and keep their prices stable then there's no profitability
@Orson Krennic If a new company starts up its economically feasible for the already established company to temporarily lower their prices far enough that the startup, which will have a smaller customer base and ergo need a higher price line to stay in business, will be forced to sell or go bankrupt, then the monopoly can raise its prices right back up.
Consumer confidence
You're ignoring the opinions of the consumers
Sure they can do that
Monopolies are ecvil
But at that point public opinion would be negative towards the company
And what will that do, make them stop needing phones?
No, they'll be less apt to stay with the company overcharging
Or they'll find a substitute
Which consumers are very good at doing
monopolies will attempt to entrench themselves by using temporary charging reductions
They donโt have an alternative option when thereโs no other companies around.
In this scenario the likely outcome would be that another cable service would expand into the area to meet the demand of the consumers
But with startup costs and a smaller initial customer base for the opposing company the monopolized company can simply discount their prices to a point at which the other company cannot keep their doors open in the area. @Orson Krennic
But then operating costs for the first company would be greater because they're not bringing in enough revenue to pay for them
@Orson Krennic Clarified. Meant to refer to the incoming company for startup and operations cost.
If they keep going through a cyclical price system, the consumers would have no incentive to stay with them, so when another company did come into the area the consumers would switch
@DrRisen that's short term
Long term, it would be a good investment for the incoming company
Especially if they're already established
@Orson Krennic Switching takes time, especially if the initial company had an exclusivity clause in place.
Time that the startup doesnโt have.
Companies change prices all the time without losing public support
Itโs a stamina game, and the home field team will always have more of it.
Again, it's a long term good investment
Short term, the costs are expensive
Long term, it's a good investment
Especially because of the demand for cheaper prices
If youโre a startup, you canโt afford long term because you have bills and loans to pay *now*.
That's not what I've been saying
I explicitly said what would be probable is for an existing company to move into the area and expand their business
Which doesnโt solve the problem of stifling new growth.
Itโs just another big tree taking up even more of the forest.
If the other company offers lower prices then it would solve the problem you detailed
And eventually these trees merge or go bankrupt making it even more centralized
But often times, companies don't do this
So it's not a realistic scenario
@Orson Krennic And that breaches the problems of corporate conspiracy, in the sense of conspiracy meaning conspiring and cooperating together.
I canโt think of the proper word for it in financial terminology, though there probably is one.
@Orson Krennic Collusion, thatโs the word.
Combination of cultural warfare, the sanctity of marriage and a lot of rope, some assembly required
@everyone Question Of The Day:
You're the infamous epic hacker 4chan and you've just stolen all of the world's nukes; problem is which country do you nuke first?
The United States
Denmark
The US
Also if you date a girl taller than you, you are a cuck
Thank you for attending my ted talk
true
Israel
i'd nuke israel first
then the world
setting everything back
just for the day of the rope
The United States is the center of industrial society
Everything will fall with it
I wouldnt nuke israel because of palestine
Tell Aviv is really the only place I'd nuke in Israel
I dont want to ruin Jerusalem
Saudi Arabia
USA
I would unload the nukes in Canada
They are up to something
They are acting too nice
Also Israel and Palestine
Bc of the Zero State solution
My own country
Also you could โhackโ all of the nukes, but not all nukes are ready to be delivered
Such as half of Chinaโs nukes are deliverable only by plane, so it wouldnโt matter if you โhackedโ those
The only ones you would need would be the ones ready to launch in missile silos, even then several countries have ABMs and can easily knock down the ones you fire
So you would need to hack into the missiles instead of the actual nukes in order to effectively strike some places
sanfrancisco, Portland Oregon, NYC, Tel Aviv, a couple in the middle east, China, and finally Mexico.
Chicago and Detroit as well
Chicago, Detroit, San Francisco, and NYC arent bad places tbh
israel, chinese seat of government and washington DC
Lots of Posadists today
Id bomb north pole to make the ice caps melt
And take everyone out at once
๐ค
Afghanistan to end the war there. But Iโd remove all innocent people and allied troops first so it was just the taliban and ISIS there.
Nuke Japan twice
@Actualwolfblood fag
greece
Launch them around the globe and wipe out the earth's atmosphere
@everyone Question Of The Day:
What do you think will happen to groups like EU, UN, NATO, BRICS in the future? Will they grow bigger? Fracture? Why?
Fracture
They will fail
Why?
when the largest members leave
they have no support
Why would they leave?
idk
Everything fails in the end
Entropy ^
They are obsolete. Humans can fulfill their violence through Fortnite now.
Apart from a commonwealth union ๐ฌ๐ง ๐ฌ๐ง
The EU will fail. Lots of Euroskeptic parties rising up
italy
uk
poland
what else?
bankers must die
https://en.m.wikipedia.org/wiki/2014_Illinois_gubernatorial_election
Tbh, abolish the union
Isn't the AFD euroskeptic?
Germany and France have been pulling funding from the EU so it's demise will occur soon
I expect an African Union to be created sometime in the near future
too sad that it fails that miserably
By How much did the Republicans win in this election?
total gdp of EU is larger than US's is
only if eu nibbas united somehow..(
Will never happen
That would be cool ngl
so sad
A huge European army
EU wants an army. Its time for them to die.
Conquers and does imperialism again
Hitler was right after all.
i live near one of the largest arabic ghettos in sweden
and from my perspective
But y'know Europe isn't a nation and national sovereignty is important. So, fuck the EU
world domination is bleak as fuck
United Commonwealth Nations would be great but India and South Africa are buddy buddy with China and Russia, Australia is shrinking their military and becoming closer to China, New Zealand isn't much of a power, etc
Nuke Jerusalem for Jesus
it's funny how some people perceive the jews
as one united power
and at the same time jerusalem is having a full scale political crisis
dissolves it's parliament after it elects it, every 2 fucking years
I also assume you were going to disclose that the state youโre showing is Illinois, a very rural state that managed to get one of the most populous cities in the US, Chicago?
hehe
their weather is also marvelous
imaging having a sandstorm at the middle of the day, in your city
ahahah
but it happens in jerusalem, IRL
@21ooAB Perhaps youโd also be interested in disclosing a map which takes population into account?
@21ooAB Itโs almost as if youโre trying to subvert the narrative by not accurately showing population differentiation in a ***democratic*** vote...
Globalism bad, check mate globalists.
To me itโs like 50/50 depends really on whoโs gonna be the next big player in the latter half of this centuries gonna be.
If itโs China I could very well see regional groups like the EU gaining in power to ward off such superpowers but if thereโs no clear cut โwinnerโ I think itโs prolly anyoneโs game
EU is toast
Their entire economic partnership relies on Deutsche Bank imperialism and Deutsche bank is about to fail
Not really tho, it has more to do with germany being an economic powerhouse in general. Their power wonโt just wane with one of their banks falling
Deutsche bank controls a lot of Europe's financial infrastructure
They virtually own Greece
Not saying that they wonโt lose some of their power over Europe without deutsche Bank, just donโt see how them collapsing would straight up cause the EU to implode
I am going to own people
Fracture
Also based @Deleted User
Once Deutsche banks goes under, so does Germany
And germany is the center of the EU
^
Deutsche bank quite literally owns some countries
The EU's death will be because of Germany/DB
Populist groups in Europe are refusing to allow Germany to dominate their economies
As they grow in popularity, European nations will begin to adopt their own currencies and leave the EU
Doesnโt matter to the EU tho, even without Eastern European countries they can just run with the central core (France, germany and some others)
Yeah
Im talking about France and Italy
They cant compete with Germany
Will not let them dominate their economies
@everyone Question Of The Day:
If you had to describe your political ideology in a few sentences what would it be?
Pan-Americanism along with reformist socialism, nationalism and religious influence on culture/customs and some laws.
Kajnism
Moderate
Everything but kajnism is retarded
Huh
Ok boomer
Kek
Imagine not being a kajnist
What would you describe Kajnism as??
Kajnism, of course
Don't be a smart arse
Wdym
Kajnism is kajnism
Political terror and order
Brave new world
Warlordist
cultural nationalism with sorelian tendencies, as well as being variable when it comes to the state and cultural axis
@sandwitch I don't have an ideology
I prefer to model my worldview through historical regimes and nations
@21ooAB I mean you have facist as a tag so do you not believe in that
@sandwitch I call myself fascist as certain regimes that I like were fascist
I don't inherently like it
state atheism
<:groyper:515728068275601419>
Fair
Thank you for your input Addie
np
National Anarchist Accelerationist
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