To trade you need honest money.
That doesn't make sense.
You're both wrong, but that is particularly egregious.
Wandering the information superhighway, he came upon the last refuge of civilization, PoFo, the only forum on the internet ...
Moderator: PoFo Economics & Capitalism Mods
SolarCross wrote:Let's just cut the crazy communism kids. If communists actually understood economics then all the communist countries would not be such massive shitholes.
I am watching this at the moment and it is more interesting than of the gibberish you lunatics are braying.
Ter wrote:The movement of millions of people from the cities to the villages is for survival.
In the villages, people have relatives and they have rice and lentils to eat. Sometimes they have chickens, ducks, milk, fish ponds, and so on. That is why they now left the cities. Most people can get by. Not in a luxury way but in the cities they also lived in slums and congested places.
The Sabbaticus wrote:Meanwhile,
B0ycey wrote:What you saying here? Those from developing nations won't need financial help? They just need to migrate from the city to the village? I hope you're right Ter, but I doubt it if I go by their own words.
B0ycey wrote:All we did was define Capitalism SolarCross? If you're talking about negative consequences of excessive printing then sure, there is inflation issues and we agree. But it won't be the value of currency that breaks down the economy it will be the lack cash flow.
Anyways, the IMF are basically calling for more money to prevent the future global economic crash. What do you think of that if you do not believe in the methods of MMT? And if businesses can't get liquidity and go bust and cannot pay wages, what do you think should be done with that if you are happy for banking to go bust?
SolarCross wrote:There is lack of cash flow because people are not buying and not earning because they have been told to isolate themeselves. That is the real crash. If you want to use the real crash to also crash the value of money then you are just making one problem into two problems. Unless of course we are looking at this as an opportunity to crash the fiat system inorder to hasten the move on to hard money. Then fair enough let's get accelerationist on it, set the money press into turbo mode until there is a million dollars for every potato in existence. The unemployed can buy their million dollar potatoes and the OAP with his fixed income of $1000 a month can just die quietly of starvation.
B0ycey wrote:@Ter, so if everyone can be sustained from basic rations explain why they need for subsidies for you? Perhaps because if everyone moved to the country and just ate just lentil soup, the demand for lentals would go through the roof. And that would cause hunger due to that demand outweighing supply. It doesn't change anything the IMF says. If anything it proves their point.
The rural poor, often the youths, come into the cities to earn cash, a portion of which they send back to their parents. This is how the village gets it’s money. They can support themselves, but they want cash, as an abstract medium of exchange is handy for getting all that stuff that the village economy can’t produce itself. Like handphones.
The cities will be in trouble if there is not enough food surplus. This is why it would be a good idea for the powerful governments to cooperate on food security. Otherwise many governments in these poorer nations will be overthrown by the rioting masses.
B0ycey wrote:Interesting post. And I agree. But whilst the West is sorting out its own shit, I suspect they aren't going to be focusing on food security for the rest of the world.
Nonetheless one thing I have noticed about this pandemic is each nation seems more interested in their own interests rather than work as a collective. What I expect from this is just like what we have seen with medical supplies. Food will start to be prevented from leaving each others borders. So nations should be preparing to mitigate their food supply and enhancing their food production now and not wait until there are food shortages. Also I am expecting rationing. These are only assumptions from a reflection though. But regardless, we all should be listening to the IMF even if you ignore the doomsayer on PoFo.
SolarCross wrote: If shit got really bad we could each live in completely hermetically sealed sterilised bubbles
Unless of course we are looking at this as an opportunity to crash the fiat system in order to hasten the move on to hard money.
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