Archived threads in /biz/ - Business & Finance - 5983. page

>>1819435
>Why did the gold-backed US dollar stop being backed by gold, silver, etc? Isn't it just pieces of worthless green paper now?

Why was the U.S. dollar ever backed by gold, silver, etc? Isn't it just useless chunks of shiny, dense metal?

>>1819435
Yes, they are. As governments meddled in the economy and imposed low interest loans, a gold backed economy became unsustainable as capital creation via debt skyrocketed. As a result, the government, in an attempt to solve a problem it had created on its own, decide to shift towards fiat currency, that is, money with no value other than being backed by the government. With a fiat currency in place, the government could fight the issues of the debt economy by simply printing more money. This of course, leads to inflation, and does not at all address the debt problem, it only allows the system to keep running.

>>1819435
I think you're missing the point of currency when highlighting Gold Standard over a Fiat Currency system. The amount of money allocated as the cost of a good or service is arbitrary. The only thing that matters is the proportional worth of that good/service relative to other goods/services as an equation of the supply, demand and capital needed to produce the good/service.

Why the Gold Standard was a bad currency format is that most, if not all countries, used it to back their currency. It essentially meant everybody rode the "Gold Train" with its up and downs together; this would amplify gains but also losses on a broader scale. By diversifying in a fiat currency system, you trade the bigger ups-and-downs for a more sustainable system.

I hope this makes sense and, if I've missed my mark or some part is incomplete, someone with more capable knowledge correct me.

>>1818882
> (((Soros)))

>>1818882
He saved you so you can still afford gibs for pakis

He uses his money to support his political views/candidates, and it's a disgusting practice and a huge travesty because his views/candidates do not align with ours.

>>1818852
I took the first three exams. It takes a lot of practice, and a good understanding of the material. It also helps to have taken a class for them, but you can pass without it.

CFA probably takes less time to acquire. There are only three exams (but they're twice as long). Actuaries need more exams to get the associate designation, and then even more to get the fellow designation. Also, CFA requires job experience in finance.

If you really want to compare them, just read on some actuary forums.

File: logotype-soa.png (23KB, 287x100px) Image search: [Google]

23KB, 287x100px

>>1818852
Just took Exam FM yesterday. Preliminary pass. It was the hardest exam I have ever taken, but I'm only a high school senior, so of course I don't have too much experience. I should have studied more.

Look at the D.W. Simpson surveys. A lot of $$$$.
https://www.dwsimpson.com/salary

>>1818917
I read through a few. The "averages" for the CFA salaries were all over the place. Some were saying 150k plus while others said around 80k. I make about 70k right now so 80k more isn't really appealing to me. I really just want a moderately low stress job where I don't feel like I'm under constant deadlines but still get paid well. I figured one of these might allow for more options without getting into more debt for an MBA.

How much are making if you don't mind me asking?

>Raise min wage
>Workers have more money to spend
>Businesses raise prices

ftfy

Economy becomes less competitive.

>>1818822
>raise min wage
>workers have more money to spend (but there is more unemployment so less workers)
>consumer spending stays the same (or lowers over long term due to inefficiencies)

>raise min wage (politically popular given stagnating economy, but only exacerbating the problem)

File: sirens.jpg (212KB, 780x439px) Image search: [Google]

212KB, 780x439px

They heard 311 on the scanners and the sirens started screaming.

https://www.youtube.com/watch?v=WvVlvLvQaU4

File: 1465865020055.jpg (15KB, 540x332px) Image search: [Google]

15KB, 540x332px

>>1818780
>btc dips after breaking the literal All Time High
>le great crash

You're so desperate for vindication it's almost painful to read these threads.

its just people wanting to make cash and getting out. all the bagholders will remain bagholders and more people will continie to buy bitcoins while the offers will continue to shrink because mining gets harder by the second.
etf will be approved in march, bitcache will commence by kim dot com and the bitcoin will reach 2xxx dollar per coin by the end of the year, if not earlier.

there will always be a bunch of people looking for the quick cash which will fuck with the demand/supply ratio

in the end, bitcoin will go up. see the signs: brexit, lepen, trump

hard cash will die just like television

>>1817715
Bet on red, 125 months sorted

Think of it as a 9.6% / year return, which is pretty reasonable if not easy to achieve, find a steady stock or even go somewhat riskier with a high paying dividend

Bitcoin

>>1816601
can you give me like 30k?

>>1816615
how pretty is your boi pucci?

>>1816615
Not unless you are a QT Japanese girl that will be willing to be my wife.

>>1815579

are you willing to get cucked after spending $50,000+ on her is the real question.

>>1815585
No.

Nobody in there right mind would ever get cucked (would not let their partner cheat).

>>1815593
>their

>>1807333
No MLS?

>>1807333
Does anyone else feel like the ASX is flirting with a major downturn soon?

I'm a little spooked regarding the ongoing viability of the housing market, and I am thinking that will drag down valuations for a lot of the ASX200.

>>1807333

Anyone going in on CNJ for the cobalt play?

>>1821661
Sick and tired of hearing about this stupid ETF. Such boring news.

>>1821661
ya

This ETF is a rumor, get ready to buy when retards chickenshit out

File: 1483470791602.png (166KB, 500x655px) Image search: [Google]

166KB, 500x655px

why

>>1821232

I'M NOT PAYING $64 TO ADD MY ROBINHOOD FORMS

REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>1821236
Then manually enter them all yourself, nigger.

>>1821145
>crypto currencies
>gold/silver
>equities are gold/silver companies or literal memestocks

congrats you are retarded

>>1821145
You have a pitifully low position on ethereum as a percentage of assets

Don't invest in fucking ethereum classic. Don't invest in memestocks. Divest from gold and silver, there's no point in even owning those with your very small total portfolio value.

Since your portfolio is small, I won't aggressively tell you to buy blue chips and index funds. I will tell you that if you seek high risk investments, going long with a significant portfolio percentage on Bitcoin, Monero, and Ethereum is solid//

File: homer74.gif (18KB, 300x403px) Image search: [Google]

18KB, 300x403px

>>1821169
>congrats you are retarded

Damn you're right. There was a typo and not all the cells were selected, so the actual total should be $7,701.220 of literal meme stocks, gold, etc.

>>1820251
GoT, pay was good but hours were insane. Did it coz poorfag, you can't really do anything else meanwhile. Was an entire month though, lots of other papers were just three days or so, which is more manageable.

>>1820251

I was an extra, standin, and did a few stunts. Did it for 2 years. I was in many tv shows and some major movies.

What do you want to know?

>>1820288

what was the pay?

File: R8_V10_Plus.jpg (70KB, 770x433px) Image search: [Google]

70KB, 770x433px

The biggest motivation kick for me is browsing cars for sale. It's kinda stupid but it gets me going

File: 20150413-K.jpg (3MB, 2656x1494px) Image search: [Google]

3MB, 2656x1494px

>>1820008
I do the same. Cars and nice apartments/houses. Iam not even that much interested in cars.
>>1819993

The biggest motivation is to travel to nice places anytime I want. (And of cuorse to never work as a wagecuck ever again)

>>1819993

I want the money and time to create massive videogame projects I've always wanted to do... And also have the time to sit and play them.

>>1819250
Hipster pipe-dream

>>1819278
full employment is a worse pipe dream, taking into account automatization.

also take into account the social cost of poverty (crime, healthcare, depression, etc).

>>1819280
Welfare already exist, if you want anything more than welfare then get a job. If you think you deserve anything else you should be shot.