Banks and conspiracies

What is the deal with these conspiracies I keep seeing saying that the Soviet banks and Chinese banks where "controlled" by larger banking cartels like the BIS?
What proof do reactionaries have to make this claim? what part of it is factual?
(pic unrelated)

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youtube.com/watch?v=avrgefStVoI
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Try saying "jews" here and you'll get banned.

theres a jew in hillarys butthole

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youtube.com/watch?v=avrgefStVoI

things like this

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Here's your (jew)

What do you mean, it's your based right wingers that suck up to Jews and Isreal

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banks and capital in general will seek profit anywhere they can
and old financial institutions basically do indirectly control the world, and they probably already did during the 20th century
I'm not familiar with the topic but it's certainly possible that soviet or chinese banks were partially or indirectly owned by other western, capitalist institutions
it doesn't really mean anything, it's just about money and power in the end

Zig Forums is a pro-zionist & jewish board though. Why do you people claim to hate them?

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The greatest threat to human sovereignty is fractional reserve interest loan banking.

Literally every problem with society is a symptom of this monopoly on fiat bullshit imaginary money.

I still dont think I can pull off a Mr Robot
There are backups of backups of backups and also jews can just fabricate fakemoney by just typing it into a computer now
btw
If only yoy knew hyow jew'd it is

Jesus fucking Christ.

its da jooos china is fighting against the petro dollar nuff said

holy shit, jews exist in east asia too? we're really getting deep down the rabbit hole now aren't we

Why did society come apart at the seems in the early 20th century when we were still on the gold standard? I mean, hell, the international system was gold backed until the early 70s and society was far from being a paradise

da jooos my man. da jooos everytime. I can give you a chart that shows that the answer to every question you ask some dipshit talking about banks and fiat money and a moment of destabilization in the west is talking about da jooos.

Yea, it's the racist nadzee privileged homeless White men that's the problem.(USER WAS BANNED FOR THIS POST)

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majority of retards peddling this shit aren't some tired working old white man. its some dipshit living comfy whining about why he cant get pussy

JEWS
JEWS JEWS JEWS JEWS JEWS JEWS JEWS JEWS JEWS JEWS FUCKING JEWS GODDAMN JEWS LOVELY JEWS SHITTY JEWS

HAHAHAHA

Pick one

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Do they still support Tommy Robinson?

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In Australia we've got our own "Tommy Robinson" who is literally buddies with "Tommy Robinson" and is ALSO a ex-IDF sniper

m.youtube.com/user/IDFTraining

Can't make this shit up

do you actually think jew is some kind of bad taboo word or something? holy fuck are you unironically 12 years old?

Every BASED and REDPILLED rightwinger you faggot circlejerk about has a boner for Isreal and for the US
You faggots literally support the Globalism boogeyman you cry about

This is good. When the USA is wiped out so will Israel and Right-Wingers.

jews are nice and challah is yummy

There are jewish elites, there are jewish workers. There are capitalist elites and no capitalist workers.

(check)
Please stop using the name of our lord and saviour in a vain and derogatory manner.

now thats what i call a strawman

Kys

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great argument, well debated

the absolute state of you mongrels

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you must be a filthy burger yourself if you only encounter burger posters when going there.

hes also making a false dichomy by claiming that either all of Zig Forums is like that or none of it is.

Big brains on the pair of you, might make one real special boy together

must be some great philosophical and theorethic fundaments your posts spring up from. were you educated in the US public school system or something?

They were.
State capitalism is still capitalism.

rightly so i might add

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Honestly I would like anyone ITT to convince me banks actually run shit under capitalism and they're not just the equivalent of petty lords who serve the king that is actual industry.

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If capitalism was a factory, banks would be the workers actually running and maintain it, not the guy at the top.

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Banks piss people off because lending is literally parasitic activity that is only a small notch above being a slumlord or aristocrat. That being said, everyone knows that bank loans are typically low-yield and long-return.

Productive capitalists invest their money in factories and farms because it’s more profitable than what they could make lending their money out at interest.

Marx defined profit of enterprise as profit-interest. In other words, for productive enterprise to be worth it it has to have a higher rate of profit than the general interest rate. If interest rates rise above the profit of enterprise then industrial capital will simply migrate to the financial sector this is what happened during the Volcked shock

Zig Forumstard ideology fails to consider debtor power (though to be fair few economists have considered it) basically according to their ideology if you have loans then your controlled by the banks, banks=Jews, so therefore your Jew-controlled.

But, what if, for instance, Apple refused to pay the 100+ billion it spent on buybacks? I
can practically guarantee it would be more damaging for the banks than it would be a trillion dollar company like Apple.

People and businesses refuse to pay banks regularly and interest is only recovered from them with great difficulty.

your factory capitalist doesent keep his money stacked in 100 dollar bills in a fucking safe anyomore newfag

Doesn't bank just like, create money out of thin air when they give out a loan?

marxists.org/archive/lenin/works/1916/imp-hsc/

They use depositors money as the collateral if a loan goes bad or they need to call it in

Typical dipshit response. Attacking peoples character makes for a sit argument.

yes. central banks in charge of currency do. then they loan it out to goverments and smaller banks.

they're just putting money hoards into motion. due to various aspects of capital circulation, money needs to pool up in hoards and be accumulated in order for a capital to function properly (EG, in order to save up for a new machine, or to pay wages before a big product is sold). The bank can use the hoards as credit or loans in the meantime as long as they have enough of it.

No they don't. They really do create money out of thin air, the trick is in accounting where the same amount is registered as both money going out and as an asset plus interest. There is no real collateral when your outstanding loans are covered by less then 4% of your actual assets.

Then how come banks fail? If they can just issue an unlimited amount of money out of thin air then there should be no reason that one will ever go under.

But the point is there is some coverage. The entire assumption of fractional reserve banking is that
1. It is unlikely that all the bank loans will go bad at once unless shit really hits the fan
2. It is unlikely that all the depositors will want to withdraw their money at the same time the loans go bad

Of course that is has happened before, it happens during bank failures and severe crashes but it happens infrequently enough that most banks can survive using the fractional reserve strategy. It would severely handicap you if you didn’t use it

because only central banks can print currency, while the rest can take loans should they run out of their own "reserves".
during economic crashes the shit hit the fan when the central banks stopped giving loans, not when there was a run on small banks.
are you actually defending banks here you retard?

As Marx wrote in Capital, the capitalist factory owner produces commodities only as a side effect, his actual function is the accumulation of capital.

Why don't they print an unlimited amount of money if they can just create money out of thin air?

No, but I am criticizing the populist Ron Paul-tier economic criticism that it seems some people are carrying over from their libertarian/OWS days.

Hello Nicolas Maduro. There is a problem that occurs when you do this, and it is called "hyperinflation". I suggest you look it up.

you need to lurk for like a few years.
if you print fiat money nothing good happens. your money loses value (if you bought a loaf of bread for 2 dollars yesterday youre gonna have to buy a loaf for 100 dollars today and for 500 tommorow)
people lose their savings (if someone had 100 dollars in their piggy bank theyll become worthless)
people stop using your shitty hyperinflated currency and start using foregein ones.
and fractional reserve banking is one big bubble.
bigger banks can pop that bubble by calling in debts, raising interest rates to unstable levels, and stopping giving out loans.
smaller banks and bussineses collapse, and big banks can buy all the stocks for pennies.
if you think that fractional reserve banking is in any way a good idea you should kill yourself.
it was banned in most socialist countries prior to the 80s.
the only reason its legal today is because it makes the rich even more rich. and its the rich that write the laws, not the learned

So is that why it feels like businesses are run like banks now and they care less and less about their products?

well yeah. i mean most people go to their job to make a living not to have fun.
thats why transition had such a devastating effect on former socialist countries.
factories stopped being there to employ people and produce something, they shifted their focus on maximising capital.
many were fired, employment standards dropped, state or worker shares in the companies were sold off etc.
on the paper it said that they were making alot of money but in reality the whole fucking thing collapsed.
it worsened to the point where many young just started migrating to the west (the old were still fighting for shit-pay jobs), and as post modernism and the internet age set in with service provider and a bunch of other "bullshit" jobs the major industries either outsourced to china or started failing.
thats also why EU politicians want to bring in immigrants; to fill the cheap workforce, but older generations and people in industrial areas (particulary in eastern europe) want to stop that because theyll simply be pushed out of the workforce market because some immigrant will work for half his pay