Hmm with this you could take a huge "loan" to arm yourself to the teeth, then finish off the empire. So technically, you own the Empire's bank and just waive off your debt
If you owe the bank 1 million, you're in trouble If you owe the bank 100 million, the bank is in trouble It also reminds me of one of those old "Problem?" Trollface- rage comics where it goes: 1. Get a loan of 1 billion dollar, 2. Buy the bank you owe money to, 3. Cancel your own debt, 4. Problem?
Congratulations You just had the same thought process as many millions of warlords throughout mankind's history, getting debts paid off was a lot harder back when the person who owed you money could just take over
@@kabobawsome all the assets. The everything bubble. Every sector got pumped full of record high debt through loans they took that were basically interest free. Now the FED is increasing interest rates because all that money printing is causing inflation of our currency and those loans are not even close to paid off. It's gonna end badly.
"After all, it's a biological requirement of mine to speculate the stock market in any game I play." - Sseth, Endless Space 2 Though I doubt he'll make another review of RimWorld, much less a mod.
It would be great to see them implement an anti-ponzischeme mechanic where the bank sends raiders to come fuck your shit up for defrauding them and it scales based on the ratio of loans paid back to money that was gained by loans
Yes, that too, but it's not the main decision. The main solution is to rethink the trust mechanic. - Why does the maximum loan amount increase after the delivery of the previous one? - Because the bank makes sure that the money that it gives you you spend with benefit and increase. Тherefore, trust should be measured in terms of increased money, not debts repaid. Kleaper received and gave money without increasing it.
Oh Lord, it's Florrynomics all over again! It has the same basic elements, of taking out loans to pay out your earlier loans, and never truly paying off your debts. The only difference here is that the time scale is completely different. It's Turbo-Florrynomics!
@@brettmcclain9289 Not with sufficient growth, being insolvent means you can't pay back your debt, with growth you can pay off increasingly large debt.
If so, then in this scenario, they are idiots, since they've flooded the market and tanked the price. In which case, hoard them and wait for the bubble to burst. Wait for them to cost an arm and a leg once more. Dump them on the market by selling them to multiple factions at once, make yourself a pretty penny.
The empire is locked at -100 for me because I'm a non-vanilla faction and that's how it works when you're not new arrivals. Now I know how to take advantage of them (since I can't ever ally anyway) to buy myself a few archocentapedes. Yes, they're also on the market. Thanks grim!
I’m kind of confused why you didn’t double down on research benches while you had two researcher pawns. Unless you have one scheduled to day and one to night you only had one pawn doing research at a time? It would have gotten you there twice as fast to just build another one
I am pretty sure at a certain moment in time you'd own more silver than there is physically on the planet, meaning you'd have to import silver from another one, driving up supply. Irl there are maybe 560k tons of silver, meaning if your rimworld has similar aboundancies you'd own the entire silver reserve of your planet when you've got around 70million in the bank, assuming that 1 silver piece in rimworld is 8g. If you owned ower 70 million in silver, the silver price would start to inflate, as you or your bank would need to import silver from other planets.
you see, thats the interesting thing. Lets take the amerixan Dollar for example $1 will always be one dollar. You may have inflation meaning that $1 has less buying power, but thats because the prices of everything else rise as the dollar is viewed as more worthless (when in reality it was always worthless, just accepted as a medium of trade) So, even if you have all of the currency, you still need to worry about inflation because products and servi es can be seen as more or less valuavle at a given time depensing on the market
@@TheTechmaster1999 you can print trillions of dollar and give it to everyone, but you can't print silver. Also silver has its own value in chemical, tools, metallurgy, jewelry and more. Hoarding silver mean the demand from those businesses will increase.
@@namvo3013 You are correct in that you can't print silver, but the idea of supply vs demand remains. Lets take real world diamonds as an example: We view them as really expensive and rare, but the truth is that they are really common but a company holds most of the worlds diamonds to artificially keep the value high. Diamonds have lots of uses besides jewly such as industrial cutting tools. Point being that even though you may have a currency solidified in the physical realm instead of the imaginary, that does not protect you from the effects on inflation. Decreased demands in the industry using the material or sudden discoveries of deposits can massively devalue the physical currency The benefit of fiat money (that is arbitrary curremcy) is that you can more effectively control inflation whereas with gold standard (or otherwise physical currenxy), you cannot control when new deposits are discovered nor demands for the materials in industries Physical currencies are more like investijg whereas fiat currencies are more secure so long as the inflation is properly managed by the governing bodies
@@TheTechmaster1999 If a company hold the largest amount of diamond in the world, making the price sky high and they got away with it, that mean the same thing can happen again with another precious mineral. People still accept to buy expensive diamond ring and diamond cutter so no problem with hoarding precious metals. Paper money can become worthless trash, but gold standard don't. With fiat money the money printer can give people loans for very low cost as much as they want then make people payback with their hard, real labor. With gold standard no one can lend more than they actually have, and people can save their fruit of labor for the future. From the goverment pov, fiat money is good for them cuz they want to control and monopolize all gold in the country. From the worker pov, gold standard is good for them cuz they want to accumulating wealth for their families.
P1: I'm in cropping debt. P2: eh your fine here have a few thousand. P1: how, aren't you in debt to? P2: it's not debt, because I never planned to pay it back. P1: but won't you go to jail for that? P2: no, after all I used you account....
Whats funny is the only unrealistic thing about this is taking loans and doing this is as illegal as murder irl. Itd be funny if the empire could audit your colony and forcefully reacquire the value of their loans in goods. IE, your geothermal generator lol
I imagine the natural fix would be to limit the number of loans you can take out at the same time. The more fun fix is to have the raid strength from a bank faction scale with debt to them instead of colony wealth on hand so you can't just hide it all in your alternate bank.
@@scienceandponies the better fix would just be to deduct the owed silver from the amount you can borrow, like in real life really, that way you can't use borrowed money to borrow more money and actually need to get richer before the bank agrees to lend you more
I remember a similar mod, I always bought dozens of my shares when somehow (?) a trader got them for like ten something silver. After a couple of raids and producing enough wealth, those shares were worth multiple thousands, giving me hundreds to thousands of dividend in goods and silver from somewhere (?) Snowballing my shares' value and though the dividend even higher... Yeah this mod was rough, dunno if it's still that broken. Stopped working for me when the raids' sized crippled my computer.
Have I gone too far of the deep end, wanting to correct a rimworld video about the real life macro economics of a country I don't even live in? Yes, I probably have
2:10 I cast gun is from a movie called Wizards (1977) he’s battling his brother and he says “I still have a few tricks up my sleeves that mother taught me” and just pulls out a fuckin Luger and caps his ass
What you did with the loans is called rehypothication and it’s a real thing banks do because of the 90% reserve system in America what you did is accurate to real life and shouldn’t right fully be patched lmao
What the hell that Viking channel the power of every single God from every religion prayed to the ultimate deity of luck and let the power of Jesus take control of his axe. How do you so flawlessly land a shot with a throwing ax that you not only hit the heart but hit it in a way it's just instant death.
Was recommended a video of yours from like multiple years ago. I don't know if you got a higher quality mic, or if you've just matured a bit, but you sound astronomically more bearable. Keep up the good work
unfortunately this exploit has been patched it seems, because now theres a cooldown on taking out loans. how dare mod devs be responsible and patch things???
1:31 lmao, this is so me. 1k + hours and never used one, don't even know how to make one technically. Never beat the game so you see it how is. Lack of a base, and skill lol
The reason the stock market matters in regard to normal people is that food will cost alot more (it is now) gas will cost alot more (growing higher by the day) the government will try to raise taxes (they are).
Hmm with this you could take a huge "loan" to arm yourself to the teeth, then finish off the empire. So technically, you own the Empire's bank and just waive off your debt
genius
If you owe the bank 1 million, you're in trouble
If you owe the bank 100 million, the bank is in trouble
It also reminds me of one of those old "Problem?" Trollface- rage comics where it goes: 1. Get a loan of 1 billion dollar, 2. Buy the bank you owe money to, 3. Cancel your own debt, 4. Problem?
Kuwait moment...
Why would you need to pay back the bank, when the bank no longer exists?
Congratulations You just had the same thought process as many millions of warlords throughout mankind's history, getting debts paid off was a lot harder back when the person who owed you money could just take over
My man really just recreated the 2008 financial crisis in Rimworld
Subprime mortgage loans 💀💀
This is what's happening right now. Rich people/corporations/banks using borrowed money as collateral to borrow more money.
@@Claptain_Planet I mean, yeah. The current recession is fundamentally the same as what happened in 2008 but with different assets.
@@kabobawsome all the assets. The everything bubble. Every sector got pumped full of record high debt through loans they took that were basically interest free. Now the FED is increasing interest rates because all that money printing is causing inflation of our currency and those loans are not even close to paid off. It's gonna end badly.
His colony name was the bite of 2008 so it’s very fitting
„How did you get one-shot by a axe through the heart?“
I think the answer is in the question.
Because he was a wuss and didn't have enough sharp armor, or enough hitpoints.
@@mirceazaharia2094 Should have packed that tough trait instead of being a wimp!
@@kirbyis4ever Should have had nanomachines, son.
@@giovannicesaramorim9adigan961 STANDING HERE
@@UrPPhard You realise, that singing this song cause someone said nanomachines is stupid.
Stock market? Oh god, Sseth is going to have a field day.
"After all, it's a biological requirement of mine to speculate the stock market in any game I play."
- Sseth, Endless Space 2
Though I doubt he'll make another review of RimWorld, much less a mod.
@@silver1340 Agreed, but I do hope he's plays it regardless. Man loves his markets.
Rimcoin, warg of rim street
I already here his voice...
*Hey hey people, Seth here*
@@luviam0001 "Today, we are going to be exploiting **the free market** with methods of *dubious* legality."
It would be great to see them implement an anti-ponzischeme mechanic where the bank sends raiders to come fuck your shit up for defrauding them and it scales based on the ratio of loans paid back to money that was gained by loans
Yes, that too, but it's not the main decision. The main solution is to rethink the trust mechanic.
- Why does the maximum loan amount increase after the delivery of the previous one?
- Because the bank makes sure that the money that it gives you you spend with benefit and increase. Тherefore, trust should be measured in terms of increased money, not debts repaid. Kleaper received and gave money without increasing it.
The term of his debt before the end of the video did not even expired
And of course, you need to take into account that money can grow if you just put it in another bank.
Ah like the US of A
This would be the best way to fix this. Realistic *and* very fun!
"This is where the fun begins"
-Ankel ManEater SkyRunner
Man, every time a new vanilla expanded releases, I’m definitely going to expect you to break it now
Unpaid bug finding woot
Oh Lord, it's Florrynomics all over again! It has the same basic elements, of taking out loans to pay out your earlier loans, and never truly paying off your debts. The only difference here is that the time scale is completely different. It's Turbo-Florrynomics!
That is the functional definition of being insolvent.
@@brettmcclain9289 Not with sufficient growth, being insolvent means you can't pay back your debt, with growth you can pay off increasingly large debt.
@@cry0995 it's a nice cardboard scheme if i have ever seen one
I do it all the time in EU4
Ah yes, the corporate bailout simulator.
I hope the mod creators make an IRS and FBI to collect debts
Even joker feared the IRS , so they gotta be OP AF
I may be crazy enough to charge a mechanoid naked with a knife but no way in hell am I taking on the IRS.
Void *Cought* Cought*
@@voin5371 i may be crazy enough to torture grammar police with tear gas and beatings, but the IRS hell no..
"If you owe the bank 1 Million Dollars, you are screwed. If you owe the bank 1 billion dollars, the bank is screwed."
Capitalist Proverb
This mod is musthave for roleplayes, without this mod, playing traders is 10-level pain-in-ass
Currently playing with this mod installed. Persona cores are trading at $0.82. Someone must have found the original factory lol
If so, then in this scenario, they are idiots, since they've flooded the market and tanked the price.
In which case, hoard them and wait for the bubble to burst. Wait for them to cost an arm and a leg once more.
Dump them on the market by selling them to multiple factions at once, make yourself a pretty penny.
Blame oskar
Never did I expect a legitimate Ponzi scheme to be possible in rimworld before now
The empire is locked at -100 for me because I'm a non-vanilla faction and that's how it works when you're not new arrivals. Now I know how to take advantage of them (since I can't ever ally anyway) to buy myself a few archocentapedes. Yes, they're also on the market. Thanks grim!
Bro, You just explained how todays banking system works. XD (but it is only for banks, not for normal people)
I’m kind of confused why you didn’t double down on research benches while you had two researcher pawns. Unless you have one scheduled to day and one to night you only had one pawn doing research at a time? It would have gotten you there twice as fast to just build another one
rebuilding the trap while he is still dying on it, is just mean. I love it.
Looking into fixing it, sorry xd
Thanks, you've ruined everything.
But don't worry, we'll exploit something else and break it even harder.
Hopefully they fix the bank exploit in American economics IRL, lol
Infinite loan like that is fantastic cuz the money is real silver, not paper money so no worry about inflation, buying power never go down lol
I am pretty sure at a certain moment in time you'd own more silver than there is physically on the planet, meaning you'd have to import silver from another one, driving up supply. Irl there are maybe 560k tons of silver, meaning if your rimworld has similar aboundancies you'd own the entire silver reserve of your planet when you've got around 70million in the bank, assuming that 1 silver piece in rimworld is 8g. If you owned ower 70 million in silver, the silver price would start to inflate, as you or your bank would need to import silver from other planets.
you see, thats the interesting thing. Lets take the amerixan Dollar for example
$1 will always be one dollar. You may have inflation meaning that $1 has less buying power, but thats because the prices of everything else rise as the dollar is viewed as more worthless (when in reality it was always worthless, just accepted as a medium of trade)
So, even if you have all of the currency, you still need to worry about inflation because products and servi es can be seen as more or less valuavle at a given time depensing on the market
@@TheTechmaster1999 you can print trillions of dollar and give it to everyone, but you can't print silver. Also silver has its own value in chemical, tools, metallurgy, jewelry and more. Hoarding silver mean the demand from those businesses will increase.
@@namvo3013 You are correct in that you can't print silver, but the idea of supply vs demand remains.
Lets take real world diamonds as an example: We view them as really expensive and rare, but the truth is that they are really common but a company holds most of the worlds diamonds to artificially keep the value high.
Diamonds have lots of uses besides jewly such as industrial cutting tools.
Point being that even though you may have a currency solidified in the physical realm instead of the imaginary, that does not protect you from the effects on inflation. Decreased demands in the industry using the material or sudden discoveries of deposits can massively devalue the physical currency
The benefit of fiat money (that is arbitrary curremcy) is that you can more effectively control inflation whereas with gold standard (or otherwise physical currenxy), you cannot control when new deposits are discovered nor demands for the materials in industries
Physical currencies are more like investijg whereas fiat currencies are more secure so long as the inflation is properly managed by the governing bodies
@@TheTechmaster1999 If a company hold the largest amount of diamond in the world, making the price sky high and they got away with it, that mean the same thing can happen again with another precious mineral. People still accept to buy expensive diamond ring and diamond cutter so no problem with hoarding precious metals.
Paper money can become worthless trash, but gold standard don't. With fiat money the money printer can give people loans for very low cost as much as they want then make people payback with their hard, real labor. With gold standard no one can lend more than they actually have, and people can save their fruit of labor for the future.
From the goverment pov, fiat money is good for them cuz they want to control and monopolize all gold in the country. From the worker pov, gold standard is good for them cuz they want to accumulating wealth for their families.
Ooh, with VFE-Pirates (and Randy's List). In an event of an emergency, you could take a loan and hire some junkers.
Hire the super soldiers
When you do it , it's "exploiting the system" . When the banks do it , it's "fractional reserve banking " .
then empire sends 100 troopers to retake all that moeny
found youi rchannel today. Watching all the rimworld atm. Love it!
P1: I'm in cropping debt.
P2: eh your fine here have a few thousand.
P1: how, aren't you in debt to?
P2: it's not debt, because I never planned to pay it back.
P1: but won't you go to jail for that?
P2: no, after all I used you account....
This made me feel like I'm high...
*"HIGH ON AMERICAN SPIRIT"*
Whats funny is the only unrealistic thing about this is taking loans and doing this is as illegal as murder irl. Itd be funny if the empire could audit your colony and forcefully reacquire the value of their loans in goods. IE, your geothermal generator lol
They arrive too late. All my pawns have power armor and legendarys miniguns.
They gonna take that wood generator over my death hands
I imagine the natural fix would be to limit the number of loans you can take out at the same time.
The more fun fix is to have the raid strength from a bank faction scale with debt to them instead of colony wealth on hand so you can't just hide it all in your alternate bank.
@@scienceandponies the better fix would just be to deduct the owed silver from the amount you can borrow, like in real life really, that way you can't use borrowed money to borrow more money and actually need to get richer before the bank agrees to lend you more
@@scienceandponies IRS is gonna come knocking st your door with orbital bombardments.
@@rockcaster1091 -every warlord ever
Doing contracts actually give the game some purpose for me
Me, a 1.2 player: “How much must we suffer?”
Why do u still play 1.2?
1.3 is pretty good, and most of the more useful and better mods are already updated.
This hits different in 2023.
Rimworld should have prosthetic Archotusks that can be used in combat to bite entire limbs off and to thrust into people.
I remember a similar mod, I always bought dozens of my shares when somehow (?) a trader got them for like ten something silver. After a couple of raids and producing enough wealth, those shares were worth multiple thousands, giving me hundreds to thousands of dividend in goods and silver from somewhere (?) Snowballing my shares' value and though the dividend even higher... Yeah this mod was rough, dunno if it's still that broken. Stopped working for me when the raids' sized crippled my computer.
I didn't know that Jeff Bezos made Rimworld mods.
If only i could do this in real life
you can...if your rich
You can, its just insanely illegal lmao
You can... It's just illegal (in most places with any banks that work proper) and you need the initial cash first. Gotta spend money to make money.
the US have been doing that for like 80 years already
IVE NEVER seen a heart shot that’s so funny!!! Oh and I’m sorry for your loss
When one day the Spiffing Brit will finish his explots, this guy will be his full on successor
I appreciate your illustration of why fractional reserve bankng is broken
How are you not bigger, literally one of my favorite guys on yt rn
9:26
your inability to tell the difference between 500,000 dollars and 5,000,000 dollars is physically painful
11:17
oh god you did it again plz learn to count digits
Ngl the thumbnail is just perfect
Love the pyramid scheme loans
Im so glad that I can say that I’ve been here since 2k subs
This is exactly how Keynesian theory works, except it also results is massive, crippling inflation. Something I imagine the mod doesn't account for.
i knew you would break the game somehow in matter of days when i seen this mod
7:04 was that the bite of 2008?!
good video kleapster
If only Mr.Cringe did that.
Reminds me of the irl RobinHood Leverage-Exploit
Ha yep I was gonna mention that in the video. Literal infinite money glitch in real life (sorta)
Have I gone too far of the deep end, wanting to correct a rimworld video about the real life macro economics of a country I don't even live in? Yes, I probably have
The Spiffing Brit sent me here!
SHOT TO THE HEART 3:36
2:10 I cast gun is from a movie called Wizards (1977) he’s battling his brother and he says “I still have a few tricks up my sleeves that mother taught me” and just pulls out a fuckin Luger and caps his ass
If you owe the bank a million dollars, you're screwed. If you owe the bank a billion dollars, the bank is screwed.
What you did with the loans is called rehypothication and it’s a real thing banks do because of the 90% reserve system in America what you did is accurate to real life and shouldn’t right fully be patched lmao
So this is how the 29 crack happened
stockmarket THE BITE OF 2008
Bro Became no 1 Intergalactic Monetary Fun (IMF) Wanted list 😂
the thumbnail goes so hard
Guinea pigs are great animals for beginners, small, clean, and only live for a week...
What the hell that Viking channel the power of every single God from every religion prayed to the ultimate deity of luck and let the power of Jesus take control of his axe. How do you so flawlessly land a shot with a throwing ax that you not only hit the heart but hit it in a way it's just instant death.
ah yes your colony has become too big to fail
I saw that mod release and I just knew you would do a video on it
I guess you can just do that and build all-silver items with silver floors, weapons and fences and all that.
happy april mop btw
when it says "infinite" i always think its good (except my debt)
Was recommended a video of yours from like multiple years ago. I don't know if you got a higher quality mic, or if you've just matured a bit, but you sound astronomically more bearable. Keep up the good work
A woman with 7 cooking is *always* a keeper. 😎😎😎
This is ageing well
Finland is Sweden and Sweden is Finland. Fite me!
unfortunately this exploit has been patched it seems, because now theres a cooldown on taking out loans. how dare mod devs be responsible and patch things???
So… you can have an immortal bunker empire of multiple bunkers thanks to your loner starting colonist. That basically destroys the economy
WE LIKE DA STONK
'The Bite of 2008'
the real way to deal with the economy is to repay loans with greater loans
Thanks for teaching us how america is in debt
Bro used the infamous Ponzi scheme tactic
Если переводить в рубли всё что ты получил получится 384758492929747478274832 милиардов рублей
Боже как я люблю валюту своей страны
580 000$ же, хотя он и сказал 5.8 миллионов, но это ошибка. А 580 000 долларов равна 37 443 350 рублям, т.е. даже не миллиард..
So... I am a Pablo Escobar.
Somehow I missed the contract thing mostly I just noticed all the stuff I was selling reducing in price an advanced components going crazy
1:31 lmao, this is so me. 1k + hours and never used one, don't even know how to make one technically. Never beat the game so you see it how is. Lack of a base, and skill lol
The reason the stock market matters in regard to normal people is that food will cost alot more (it is now) gas will cost alot more (growing higher by the day) the government will try to raise taxes (they are).
Somehow I am both curious and afraid to look up if that was a genuine Rowling quote.
what mod gives the "Heart" pop up when your researcher got absolutely merked by that axe?
I can finally use all that smokeleaf and yayo money.
im gonna inflate rimworld with dev mode boyyyssss
so this is why you use warren buffet pics while you speak. youre literally him
Not even 2 seconds and you are already breaking the mod XDDD
He recreated the Chinese economic system!
Man, not even my trading advisor teaches me to dodge tomohawks, iam getting ripped off here
This is a us government moment
Me when i get 300000 dollars for 6 cybernetic arms on a contract
all arms of which i got through a 72000 dollar contract
AMERICA! HECK YEA!
I need this mod 😍
3:39 is why i use CE
ahh yes... the incompatibility machine
And why you cant use anything else beside CE
@@exosproudmamabear558 i dunno man, i got like 200 mods and ce, and it works just fine
@@AM-kl8gj Because 200 is an amatuer number. Up it to 400-500 then the game become unplayable.
@@exosproudmamabear558 true
Time for a communism expanded mod
Yes
I fucking love dept
how i thought the bank system worked when i was 8
Lol orbital bombardment by silver bars.