Message from @tsarsNeezy

Discord ID: 453380275032948737


2018-06-05 01:57:02 UTC  

Well

2018-06-05 01:57:04 UTC  

they can exist

2018-06-05 01:57:13 UTC  

But shouldn't get government support

2018-06-05 01:57:31 UTC  

what's the regulations look like?

2018-06-05 01:57:38 UTC  

nearly non-existant

2018-06-05 01:58:16 UTC  

so you have no problem with them inflating your economy with bad credit

2018-06-05 01:58:18 UTC  

smart

2018-06-05 01:58:20 UTC  

ye

2018-06-05 01:58:46 UTC  

I'm sure that will work out well

2018-06-05 02:07:03 UTC  

@tsarsNeezy that's really bad ngl

2018-06-05 02:07:08 UTC  

why would you not regulate banks?

2018-06-05 02:07:44 UTC  

speculation has absolutely no productive force in an economy, yet it plays with the lives and well-beings of millions of innocents

2018-06-05 02:07:58 UTC  

it has no place in a non-materialistic society

2018-06-05 02:08:08 UTC  

I didn't say to not regulate them

2018-06-05 02:08:10 UTC  

I said minimally

2018-06-05 02:08:35 UTC  

so what would those minimal regulations be? Because a ban on speculation wouldnt exactly be minimal

2018-06-05 02:08:45 UTC  

what you mean by speculation

2018-06-05 02:09:54 UTC  

before you tell me about this being related to finance and not banking, investment bankers are heavily involved with this

2018-06-05 02:11:07 UTC  

That doesn't explain it very well

2018-06-05 02:11:20 UTC  

Is it like somebody saying "OH BECAUSE THIS THIS IS DEFINITELY GOING TO HAPPEN PUT STOCKS IN HERE"?

2018-06-05 02:12:40 UTC  

no this is saying "I will put $500 on something that has as much chance completely eroding as it does doubling in value"

2018-06-05 02:13:01 UTC  

for example, this is done with real estate

2018-06-05 02:13:08 UTC  

and regular people suffer as a result

2018-06-05 02:13:13 UTC  

So like a person investing someone else's money?

2018-06-05 02:13:20 UTC  

or like a Bank investing money?

2018-06-05 02:13:29 UTC  

investment and speculation is different

2018-06-05 02:13:47 UTC  

if you buy a house and rent it out that is investment

2018-06-05 02:14:15 UTC  

if you buy 10 houses hoping they will massively go up in price while there is an ongoing recession

2018-06-05 02:14:18 UTC  

that is speculation

2018-06-05 02:14:30 UTC  

you SPECULATE about the profits you'll make, or losses you'll suffer

2018-06-05 02:14:37 UTC  

So like making a weird investment

2018-06-05 02:14:44 UTC  

it's the financial equivalent of playing with fire

2018-06-05 02:14:48 UTC  

that has a small potential to be good?

2018-06-05 02:14:49 UTC  

oh

2018-06-05 02:14:50 UTC  

well

2018-06-05 02:14:58 UTC  

if you choose to invest that way it's your choice

2018-06-05 02:15:03 UTC  

but other people investing that way for you is bad

2018-06-05 02:16:20 UTC  

not only that, speculation isnt just risk taking

2018-06-05 02:16:33 UTC  

it almost always involves foul play

2018-06-05 02:16:44 UTC  

so like