jake flores ur better off not knowing his deal lol

oh we're just saying it out loud now huh lol

love binging Vijay lectures

the same person: "I may not agree with the ideology of Nazi's, but they should absolutely have the right to free speech"

It's the WaPo so I doubt that one, theyre not under any illusion of pretending to believe in free speech lol

Goldbugs are wild motherfuckers. People believe switching to gold will solve the world's problems. The modern version is crypto-freaks

washingtonpost.com/news/act-four/wp/2018/08/22/the-cia-funded-a-culture-war-against-communism-it-should-do-so-again

the article is totally unapologetic too

its f***ing hilarious to me that the gas is unilaterally being artificially held at the price it is now for profit

like the execs literally admitted it

found it

archive.ph/rVwRK

They would rather make the inflation machine go brrrr than even put the idea of price control in people's minds

some crypto guy on twitter who's pfp is them in a suit who probably read milton friedman and half of something from rothbard: "yeah actually it's the fact our socialist government isn't allowing the free market to operate that inflation keeps happening"

UPDATE: I read a silver-bug forum and they were hating on the copper guys

the simultaneous rw twitter and maupin-type twitter soyfacing over russia going to the gold standard is one of the funniest things ive ever seen

That is exactly what I mean, and note you that it is 100% fake news. Russia bought some gold and they think they returned to the gold standard. F***ing morons

yeah the account spreading that news was literally and unironically one of those q-anon trump type accounts. like basically a bot and it was super obvious it you looked through the other replies on the same thread "breaking" the "news". the other thing though about that is those gold people have the same problem crypto people do in they dont think out their arguments

"why is (insert fiat currency) bad"
"because its value is only based on what the agreed value is"
"okay so then why is gold and bitcoin valuable"
"because it has inherent value"
"why"
"because we all agree that it has value"

like yeah there is the nuance that gold has actual meaning in circuitry and manufacturing too but so does copper, silver, and every other metal ever as said elsewhere in the thread

I'm currently duking it out with an idiot on leftypol over this exact topic lmfao

i think it trips some people up that they just cant comprehend that just because something is a finite material used as exchangeable currency it doesnt inherently make it differentiable from a manufactured symbol used as exchangeable currency. like the assessment of value for a material to be used as a currency still makes the material just a different implement of the same abstract concept as fiat, its not like it commands transcendental value

There are 122 billion tons of gold in the earth crust, not to mention gold in asteroids and possibly other planets. The vast majority of objects in the universe are "non-renewable"

Even if we have mined all the asteroids in the universe, and the entire Earth crust, people can just switch to another metal, why should gold be the most important one

People really fetishize gold because it's shiny NGL

oh yeah, that's the other argument i didn't even mention, that there's way more gold than people think there is people need to stop and think for a second on what they're saying

It doesn't matter what your money is made of.

If 10 grams of sugar are worth 20 grams of salt, this relation applies whether you express this equivalence in fiat money, in gold, in silver, or in f***ing seashells, as long as it is recognized legal tender with state backing able to enforce contracts by force if necessary (courts, jails, debt collectors etc.).

Money is, regarded on a simple level, a mere expression of this equivalency between commodities. The value of commodities is expressed in two ways simultaneously: In how much abstract labor is embedded in the commodity (intrinsic aspect), and in another way, in how much money the commodity is usually exchanged for (extrinsic aspect).

If x of commodity A = y of commodity B applies, this equivalency can also be expressed by money, which has the special status of being an universal commodity that can be exchanged easily for any other commodity. The physical form which this money holds, whether in gold, silver, seashells, cash, s***coins, is irrelevant in upholding an equal exchange of commodities.

Money itself is a commodity. This is true whether you have specie money like gold and silver (which would be a capitalist commodity, subject to the labor theory of value) or fiat money (which would be a non-capitalist commodity, which does not need the labor theory of value).

Another example for a non-capitalist commodities is ground rent. The non-capitalist commodities existing right now are those commodities that do not comply with the law of value for the determination of their market-exchange-ratio, such as rent charged on land or fiat-money.

Money needs to be a medium of circulation and a measure of value. Fiat currency can be exchanged just as well as specie currency, if not better (since no physical transportation is needed). Fiat currency can measure value just as well as specie currency, since generally, an exchange of commodities within an economy will over the long-term tend to equivalency (my example of 10 grams of sugar being worth 20 grams of salt), in which case the physical form in which this equivalency is expressed is irrelevant, whether directly by another commodity (20 grams of salt) or by the universal commodity of money.

The major problem of money as a non-capitalist commodity is currency rates leading to unequal exchanges between countries, but in older times, imperialism just relied on literally stealing physical gold from the periphery (see: Spain getting rich off Inca gold etc.)

western liberals: "i'm so glad i live in a free democratic nation where i have the freedom of choice and lifestyle"

the freedom of choice:

good vid

Is this new? I worked at walmart for like 3 years and never saw this