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So, who had the best banking system in history?

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Thread replies: 62
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My vote goes for the nazis

This is how the banking system worked in Nazi Germany.

Under the National Socialists, Germany's money wasn't backed by gold (which was owned by the international bankers). It was essentially a receipt for labor and materials delivered to the government. Hitler said, "For every mark issued, we required the equivalent of a mark's worth of work done, or goods produced." The government paid workers in Certificates. Workers spent those Certificates on other goods and services, thus creating more jobs for more people. In this way the German people climbed out of the crushing debt imposed on them by the international bankers.

Within two years, the unemployment problem had been solved, and Germany was back on its feet. It had a solid, stable currency, with no debt, and no inflation, at a time when millions of people in the United States and other Western countries (controlled by international bankers) were still out of work. Within five years, Germany went from the poorest nation in Europe to the richest.

This economic freedom made Hitler extremely popular with the German people. Germany was rescued from English economic theory, which says that all currency must be borrowed against the gold owned by a private and secretive banking cartel - such as the Federal Reserve, or the central Bank of Europe - rather than issued by the government for the benefit of the people.
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http://research.calvin.edu/german-propaganda-archive/sofortprogramm.htm
>Only a systematic program of job creation can bring change.
>If public means are no longer wasted, but rather are used to create jobs, our labor will no longer be wasted, but rather used productively, which will result in improvements everywhere: an increases in production, increased purchasing power, reduction in taxes, a general improvement in the economy.
>Today we are wasting our resources, but this policy will lead to the formation of new capital. National Socialism will ensure that this new capital belongs exclusively to those who have created it through their labor and sacrifice.
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>swiss jew bank owners didn't give hitler gold
>hitler gets mad and tells the jews they will regret not giving him gold

holy shit guys
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>>1868030
Yes, that's exactly how it went down
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>>1868030
Yes, that's exactly how it went down
>>
And now you understand why the banksters destroyed the Third Reich and demonize it to this day.
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>>1868015
Sources?
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Didn't they also have runaway hyperinflation problems?
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>>1868226
Technically, yes. All currencies automatically becomes backed by the US dollar because of speculation, so to the rest of the world, Germany's currency was basically just pebbles worth X amount of dollars. Germany combated their inflation by conquering and plundering new territories. Their end goal was to eventually conquer the whole world and eliminate the US dollar hegenomy and replace the gold standard with their own currency
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>>1868015
Remove banks all together and just give people vaults to hide all of their money that are also indestructible and can only be opened by the specific feeling of capillary blood flow in their palm.
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>>1868288
How is money to be issued out then, smarty pants?
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The banking system in the future Libertarian Utopia I'm building is the best. Based on Hayek's free banking with a combination of commodity backed currencies & crypto currencies.
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>>1868297
go on
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>>1868297
>libertardian

No.
>>1868015
Lol, nah.

Nazis were on the gold standard which caused the holocast.
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>>1868015

The Nazis did investment-led economics, which have been done many times by many different ways. The unique variant which existed in Nazi Germany is that the investment was almost entirely intended to be consumed in the war effort.
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>>1868377
elaborate
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>>1868665
No
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>>1868673
>No
You sound like a girl. Get off this board. it's /his/ not /her/
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>>1868015
Take this shit to /biz/ where it belongs and they will tell you why that system doesn't work
>Within two years, the unemployment problem had been solved, and Germany was back on its feet. It had a solid, stable currency, with no debt, and no inflation,
Yeah which is why they had a debt over 40 billion marks in 1939 and even the unemployment was number manipulation by not including Jews and women in the work force.
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>>1868015
this is some good ol' pasta, haven't seen it in a while
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>>1868015
>be hitler
>get power in a moment where the crisis is nearly over and the strict austerity policy of previous governments has left you stable finances
>commence on a spree of corruption andn inflating the national debt
>nearly bankrupt in 38, even the people who helped you think it would be good to cut back the spending massively
>don't give a shit and resort to wars
>actually manage to decrease the standard of living compared to the weimar times

I wish all f you fuckers had german history lessons and relatives who lived through that shit.
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>>1868682
No, you're just retarded.
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How does this even fucking work? Ignoring MEFO bills which were used for rampant inflation spending, this doesn't make sense as a system. How do you determine the value of bill to labor? For example, ten net hours worked, generates a certain amount of X currency, which is backed by gold, which has some value, ergo allowing calculation of the wage. But this currency is backed by labor, which has not had its value determined.
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>>1868015
Yeah natzees had the best baking system
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>>1869232
>"For every mark issued, we required the equivalent of a mark's worth of work done, or goods produced."
It was backed by the US dollar at time and it was meant to completely replace the US dollar all around the globe
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>>1870221
>baking system
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>>1868015
>"For every mark issued, we required the equivalent of a mark's worth of work done, or goods produced." The government paid workers in Certificates. Workers spent those Certificates on other goods and services, thus creating more jobs for more people. In this way the German people climbed out of the crushing debt imposed on them by the international bankers.
In other words, they printer money and bought something with it. Whoopdee-doo.

>Within two years, the unemployment problem had been solved, and Germany was back on its feet. It had a solid, stable currency, with no debt, and no inflation, at a time when millions of people in the United States and other Western countries (controlled by international bankers) were still out of work. Within five years, Germany went from the poorest nation in Europe to the richest.
Yeah, let's ignore that the Nazis depleted the thousands of tons of gold reserves Weimar Germany had in record time down to like 8 tons and racked up 12 billion mark debt with MeFo-trading that they never intended to pay back.
A really sustainable and trustworthy model applicable for the whole world: Print money, take on huge debts and wage a World War to get the funds to pay the debt back.
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>>1872155
The debts were in the US dollar. Something that wouldn't exist in the future
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>>1872155
>Germany didn't cooperate very well with other countries within the framework of my judeo-capitalist utopia, so therefore Germany stupid. DEBT dumb DUMB DUMB DEBT. DUMB DUMB GERMANY
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Jews, I hate to say it, but Jews invented the banking system. And thus they have the original and best banking system. This is why we are all slaves to the Jew. Like it or not on this planet Jews control the monetary system of every country.
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>>1872299
The point of the nazi movement was to do something about that
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>>1872299
It's not jews, mostly jews sure. But it's wrong to lump them in like that.
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>>1872398
>it's wrong to lump them in like that.
True. The ovens only fit 2 people at a time
>>
It's funny that what the OP describes sounds exactly like Marx's proposals of labour chits as an alternative economic model in the Grundrisse.
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>>1872299

Well the Knights Templar invented the cheque, so you may want to cheque your facts.
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>>1872409
>>
>Become interested in economics.
>Become annoyed by the stupidity of all the famous economists throughout history
>Start reading the pamphlets about the program of the nazi party
>Realize that I independently came to the exact same conclusions as Adolf Hitler and I literally got mad at other politicians and economists for not being exactly like Hitler.

I can't stop thinking that he was right and I will never be happy until I get to see us make another attempt. Be honest, /his/. Should I just kill myself?
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>>1872659
>>
>>1872669
wtf is that thing?
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>>1869232
WOuldnt it be linked similar to how a state sets minimum wage?
>>
Byzantine
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>>1872659
ofcourse you can agree with some parts of nazism without being a stormfag.
>>
>>1868370
So the Pope controls the world or do the Texans?
>>
>>1869129
It's truly sad to think of what the Weimar could have become if not for Hitler and the commies. They were getting out of the crisis but the fucker destroyed everything on his way
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>>1874481
Weimar leaders had over a decade to fix the country and they failed. In just a few years, Hitler fixed the country and did all the things that they were supposed to do but never did.
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>>1874948
>they failed
explain economic stabilization and growth during the weimar era then
also explain how could the weimar govt prevent the global depression from hitting it
>>
>>1868015

oh wow, a meme economy built up by Schahct that hitler ruined anyway with his military industrial complex!

Can you please stop shilling this garbage 13 year long dictatorship as if it was the greatest achievement in human history?
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>>1874948
https://en.m.wikipedia.org/wiki/Economic_bubble
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>>1874958
>explain economic stabilization and growth during the weimar era then
Wasn't as good as it was before and after the Weimar era.

>also explain how could the weimar govt prevent the global depression from hitting it
By aiming for autarky and being less reliant on international trade and finance, like the USSR and later natsoc Germany.

>At the time of the Depression, the Soviet economy was growing steadily, fuelled by intensive investment in heavy industry. The apparent economic success of the Soviet Union at a time when the capitalist world was in crisis led many Western intellectuals to view the Soviet system favorably. Jennifer Burns wrote, "As the Great Depression ground on and unemployment soared, intellectuals began unfavorably comparing their faltering capitalist economy to Russian Communism.
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>>1869232
I guess if you created a service preformed by the government that you could always rely on to be the stable price of a certificate, it would be possible. For instance, if the government had a mass scale agricultural development in which you could equate one hour of work in said industry to the value of the certificate, you'd at least be able to trade in your certificates for someone to labor on your behalf (And produce food for you or whatever).

The problem with that is that labor in and of itself is actually meaningless in terms of value and it is the product that the labor creates that determines value. For example, if I have two workers tending the fields, and one produces ten bushels of wheat every day and the other produces 5, but I value their labor the same, I'm creating a situation in which I value labor of any quality the same.

I know produced goods have a similar issue of fluctuating in value, but it seems like labor at best just inherits the same problem and at worse will cause a system to tank by steadily declining production. The only real advantage to that system is literally any able bodied man can create value in the economy -- instead of producing a good, one simply needs to be able to labor on behalf of another for wages (Also theoretically a thing in our current economy, save for the glut of available labor for small tasks causing labor to become devalued.).
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>>1874948
>Hitler fixed the country

You mean he killed millions of germans, europeans and not only lost territories to commies, but cut Germany in half for 45 years ?
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>>1874948
>National socialism is great because it build roads
Look I like roads just as much as anyone else but you have to do better then that
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>>1874988
>like the USSR

Jesus, not only it is pitiful for a nazi to use commies' successes to defend his ideology, but the USSR is really not the pinnacle of economic achievements either anon
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>>1875167
That was other countries who did that to Germany. Sure, it was partly his fault that it happened, but it's pretty amazing that he built a Germany that was able to take on such a huge percentage of the world almost single-handedly. He might have failed in the end, but he brought Germany to a height that was unsurpassed in the nation's history.
>>1875173
It's great because it puts everyone to building a strong community of the people.
>>1875181
I'm not a nazi, I'm a socialist. I don't have a strong preference between either natsoc Germany or the USSR.

>but the USSR is really not the pinnacle of economic achievements either anon
It was the pinnacle of economic achievement during Stalin's leadership. Its growth, both during and after the great depression, was stronger than almost all countries in the world. It's only after Stalin that they started to stagnate.
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>>1874948
>Because recovery isn't instant, it doesn't exist

Why are people so fucking stupid?
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>>1874948
>a few dozen kilometers Autobahn between weapon manifacturers and steel works

sure worthy of putting that on there twice.
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>>1875303
The higher the height, the harder the fall. In the end he's only remembered as a failure and the embodiment of evil. His actions set the definitive decline of Europe on the global scale.

Also while you seem to like sucking his cock, all he did was a permanent headlong rush which could only finish badly.

Had he stopped at the Anschluss he would be positively remembered as a great German figure, but no the retard had to ruin everything for everyone.

And don't get me started on the racial aspects of the nazi ideology, it's just inane garbage.

>It's only after Stalin that they started to stagnate

If you were more attentive, you'd notice it's a pretty common phenomenon in communist countries, capitalism and liberal economy is much slower and has a bigger inertia, but in the end, it always won
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>>1869129
>be a tumblr off-shoot
>do nothing but produce pure shit

>HAHA IT WAS GOOD GUYS LOL IT WAS ABOUT TO BE FIXED TRUST ME I CUT MY PENIS OFF
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>>1875016
It worked because people trusted the party. If you get 1 certificate for breaking your back in a coal mine and I get 1 certificate for sitting in a watchtower and none of us complains because we're either too scared to complain or because we're satisfied and trust the system, then the system works.

Would the outside world want to trade for this currency? Absolutely not, this currency would be worthless to the outside world but within Germany you could buy anything with it, so it's value lied in how much you get for it within Germany and not how much gold you could buy for it.
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>>1872190
That's like saying you can print labor vouchers for communist revolution because property won't exist in the future.
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Thread posts: 62
Thread images: 10


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