Do you believe communism is good?

[NewKidOnTheBlock]

8 minutes ago, Elliott said:

Capitalism is based on subservience, where do you think the coins or dollar bills came from, they were just minted up.

And the ones responsible to the minting up got paid; i.e. voluntary transactional exchange. From ancient cultures all the way to this day

[Elliott]

12 minutes ago, NewKidOnTheBlock said:

And the ones responsible to the minting up got paid; i.e. voluntary transactional exchange. From ancient cultures all the way to this day

You don't understand. A nation begins, use U.S., Rome, whoever, they mint their currency and THEY assign it's value, not the people, not a consensus, the rulers, they say, my new coin is worth..... whatever, they assign the value by the tax system. But they mint and control this vast cache of the coins (the federal reserve, the mint, the central bank). They take this coin that they decide what others MUST value it at, and they then 'spend' the states cache on what they want usually being things that result in them personally accumulating more coins.

You're working for a made up value of a piece of toilet paper that you worship, because some guy tells you that you owe them(through taxation(subservience))

 

 

 

https://www.investopedia.com

"Effects of China's Currency Devaluation on Global Markets

China's economy depends heavily on its exported goods. By devaluing its currency, the Asian giant lowered the price of its exports and gained a competitive "

Edited 4 hours ago by Elliott

[NewKidOnTheBlock]

9 minutes ago, Elliott said:

A nation begins, use U.S., Rome, whoever, they mint their currency and THEY assign it's value, not the people, not a consensus, the rulers, they say, my new coin is worth.....

How the hell are you going to assign a value of money by concensus? The value keep fluctuating by itself depending on how the country/empire or whatever is doing and how the economy is doing. The influence is bottom to top first and foremost, not top to bottom, despite elites having all the leverage of power

 

[Elliott]

22 minutes ago, NewKidOnTheBlock said:

How the hell are you going to assign a value of money by concensus? The value keep fluctuating by itself depending on how the country/empire or whatever is doing and how the economy is doing. The influence is bottom to top first and foremost, not top to bottom, despite elites having all the leverage of power

 

No it's not

 

https://www.investopedia.com

"Effects of China's Currency Devaluation on Global Markets

China's economy depends heavily on its exported goods. By devaluing its currency, the Asian giant lowered the price of its exports and gained a competitive"

 

 

You assign value by consensus through the market, the way gold is valued. Capital is totally different, it's controlled by the ruler(the person over taxation). You can literally print as much as you want.

 

 

https://www.investopedia.com

"Effects of China's Currency Devaluation on Global Markets

China's economy depends heavily on its exported goods. By devaluing its currency, the Asian giant lowered the price of its exports and gained a competitive "

Edited 4 hours ago by Elliott

[Elliott]

 

 

The White House (.gov)

https://www.whitehouse.gov

ICYMI: President Trump Announces $92+ Billion in AI, Energy ...

Jul 16, 2025 — President Trump Announces $92+ Billion in AI, $92 billion commitment to cutting-edge AI and energy initiatives

 

 

 

CNBC

https://www.cnbc.com

3 hours ago — The Trump administration is requesting an unprecedented $1.5 trillion defense budget while also reforming defense procurement to emphasize

 

 

Yale E360

https://e360.yale.edu

U.S. Spending Bill to Grant $40 Billion in Fossil Fuel Subsidies - Yale E360

Sep 16, 2025 — The Trump administration has already added nearly $40 billion in new federal subsidies for oil, gas, and coal in 2025, a report released

Edited 4 hours ago by Elliott

[Elliott]

At the end of that last video he mentioned Rumplestiltskin, that story perfectly explains the creation and fall of capitalism, lol

 

 

 

[NewKidOnTheBlock]

38 minutes ago, Elliott said:

You assign value by consensus through the market, the way gold is valued. Capital is totally different, it's controlled by the ruler(the person over taxation). You can literally print as much as you want.

I think you are onto something here. It's a whole lot of nothing, but you're definitely onto it

[Elliott]

36 minutes ago, NewKidOnTheBlock said:

I think you are onto something here. It's a whole lot of nothing, but you're definitely onto it

You're indoctrinated, it's not your fault, there's a lot of money at stake for people to submit to the rulers.

 

Depledge Strategic Wealth Management

https://www.depledgeswm.com

The action of printing money in order to help the economy remain buoyant is known as “quantitative easing” (QE). QE was first introduced in March 2009, following the stock market crash of 2008.

 

The Federal Reserve printed approximately $3.3 trillion in 2020 alone, which, according to City AM, equates to one-fifth of all US dollars in circulation in the same year.

 

The US printed more than $3 trillion in 2020 alone. Here's why it matters today

Jun 17, 2022 — The Federal Reserve printed approximately $3.3 trillion in 2020 alone, which, according to City AM, equates to one-fifth of all US  dollars in circulation in the same year.

 

 

You look at your brokerage account and see it go up 15%, and think yay I'm winning. But your number is relative, relative to the amount of dollars and relative to the concentration of dollars.

 

 

 

To be in the top 20% of the wealthiest households in the U.S., you need a minimum net worth of approximately $1,489,300. (That's still in the pink zone)

Edited 3 hours ago by Elliott

[LordFall]

2 hours ago, Elliott said:

Capitalism is based on subservience, where do you think the coins or dollar bills came from, they were just minted up.

Not exactly I would say it’s more so based on freedom of enterprise and private property. They came up with a universal system of money for us to exchange goods and services.

Its subservience because people start off with way more capital than you but within 5-10 years if you study business and finance you can start to build your own systems to benefit from it and accumulate capital yourself. 

[Elliott]

6 minutes ago, LordFall said:

Not exactly I would say it’s more so based on freedom of enterprise and private property. They came up with a universal system of money for us to exchange goods and services.

Its subservience because people start off with way more capital than you but within 5-10 years if you study business and finance you can start to build your own systems to benefit from it and accumulate capital yourself. 

Nope. Freedom would be bartering or using non-fiat currency, and obviously, not paying taxes.

The entire, THE ENTIRE reason for capitalism, for capital, is taxation, subservience, thats the only reason governments print money, its not out of the goodness of their heart. Saddam Hussein did not print Iraqi Dinar for his people, nor did Caesar put his face on his coin for the plebian, it's purely for taxation, subservience to the ruler.

 

The term "fiat" comes from Latin, literally translating to "let it be done." Generally, it refers to an authoritative command, decree, or arbitrary order issued by a person or group in a position of power.

Edited 2 hours ago by Elliott

[Elliott]

"Changing the Legal Value of Gold: A gold standard requires a government to define exactly how much a dollar is worth in weight of gold. Governments could—and did—alter these definitions. For example, President Franklin D. Roosevelt redefined the dollar in 1934, devaluing it from $20.67 to $35 per ounce of gold. This immediately expanded the money supply and generated significant price inflation."

 

 

 

Gauth

https://www.gauthmath.com

"The main difference between Barter and Capitalism is

Barter and capitalism are two distinct economic systems, with the primary difference being that barter relies on the direct exchange of goods and services"

Edited 2 hours ago by Elliott

[LordFall]

1 hour ago, Elliott said:

Nope. Freedom would be bartering or using non-fiat currency, and obviously, not paying taxes.

The entire, THE ENTIRE reason for capitalism, for capital, is taxation, subservience, thats the only reason governments print money, its not out of the goodness of their heart. Saddam Hussein did not print Iraqi Dinar for his people, nor did Caesar put his face on his coin for the plebian, it's purely for taxation, subservience to the ruler.

 

The term "fiat" comes from Latin, literally translating to "let it be done." Generally, it refers to an authoritative command, decree, or arbitrary order issued by a person or group in a position of power.

Bartering is not efficient. Fiat is a bit of a scam since they can print more and low key tax us but the mechanism in and of itself is not evil it was to create elastic demand in times of crisis. There aren’t many better alternatives, that was the idea behind bitcoin but it seems even more of an elitist form of money than fiat. 
 

The reason you’re wrong in my view is any other type of system has lead to even more inequality than capitalism. Communism chief among them with the USSR, Cuba and Vietnam being worse off than their capitalistic alternatives. 
 

Which part of capitalism do you dislike most? Communism didn’t even have freedom of enterprise for the most part that’s as repressive as you can get.  

[Elliott]

15 minutes ago, LordFall said:

Bartering is not efficient. Fiat is a bit of a scam since they can print more and low key tax us but the mechanism in and of itself is not evil it was to create elastic demand in times of crisis. There aren’t many better alternatives, that was the idea behind bitcoin but it seems even more of an elitist form of money than fiat. 
 

The reason you’re wrong in my view is any other type of system has lead to even more inequality than capitalism. Communism chief among them with the USSR, Cuba and Vietnam being worse off than their capitalistic alternatives. 
 

Which part of capitalism do you dislike most? Communism didn’t even have freedom of enterprise for the most part that’s as repressive as you can get.  

Ussr was leninism, not even socialist let alone communist.

Every nation you listed here is capitalist. You don't understand what capitalism is.

 

 

 

Edited 1 hour ago by Elliott

[LordFall]

2 minutes ago, Elliott said:

Ussr was leninism, not even socialist let alone communist.

Every nation you listed here is capitalist. You don't understand what capitalism is.

I read the communist manifesto. Part of the issue is its not implementable in real life so it’s Utopianism. All of these nations proclaimed themselves to be communist. 

[Schizophonia]

A planned economy creates a bloated bureaucracy and leads to significant financial waste—since the state tends to squander money due to a lack of oversight—as well as reduced economic dynamism.

 

[Elliott]

29 minutes ago, LordFall said:

I read the communist manifesto. Part of the issue is its not implementable in real life so it’s Utopianism. All of these nations proclaimed themselves to be communist. 

And trump proclaims to be a saint! Theres no such thing as a communist nation in the communist manifesto. The communist manifesto doesn't lay out implementation, so I'm not sure what you actually read. It explicitly states it would be different everywhere and in different time periods.

 

Edited 41 minutes ago by Elliott

[LordFall]

I guess you’re correct. I agree that states are pretty arbitrarily made and not usually in favour of people and ultimately will collapse.

I disagree that some sort of global workers revolution is possible nor a good idea. I think it’ll come in progressive states with the advent of automated labor.

Something like this :