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Index > Heap > recession, yeah, print more money to pay debt

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sleepsleep



Joined: 05 Oct 2006
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sleepsleep
stock markets around the world tumbled and tension climbed in eurozone.

everything back to money, money and money.
Post 07 Aug 2011, 06:25
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typedef



Joined: 25 Jul 2010
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typedef
yep....I feel you
Post 07 Aug 2011, 11:30
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xleelz



Joined: 12 Mar 2011
Posts: 86
Location: In Google Code Server... waiting for someone to download me
xleelz
printing money wouldn't help much since money is just a paper representation of gold which is the actual universal currency and if you printed more, the money would be worth less gold, then inflation would occur and make it even worse...
Post 07 Aug 2011, 21:01
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typedef



Joined: 25 Jul 2010
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typedef
In other words, money inflation.

Here is a lesson from Zimbabwe : http://en.wikipedia.org/wiki/File:Zimbabwe_$100_trillion_2009_Obverse.jpg

http://en.wikipedia.org/wiki/Zimbabwean_dollar

PS: Do not grow up to be a politician.
Post 07 Aug 2011, 21:11
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edfed



Joined: 20 Feb 2006
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edfed
i think gold is not so usefull and shouldn't be use as economic reference.

the only ressource we have as human is our life, then, the only economic reference would be (in a more logic way) the people, and only the people.


the idea is so simple... but in fact, imagine a little family, living in a house, somewhere in the lands...

they will live in complete autarcy, then, for one year, they will need exactlly what they will consume in one entire year. this family have a good life, thay have food, etc... because they work, and colaborate with other families.
then, the only money in this kind of system cannot be referenced by gold, but it can with tomatoes, wood, etc, that are pure products, made to be used, and after, return in the life cycle via the toilets.

the only reference, meaning we have enough to eat, is only food, and products like that.
things really usefull, because even if gold is a very good electrical conductor, it is a poor metal, unable to be used as is to make a PCB or a motor.
gold is just a little HW that we should use, instead of jealouslly stock it like if it was... gold.

gold can be used as a very little component in many things we need in order to have a better world.
then, it is just a product.

the total of human ressource is the only reference to have in economy.

because economy is just the management of the ressource in order to make survive the more human we can.
and this is what is too much ignored.

as the human population is a variable, the reference should be variable, not in value per kilogram, but in global quantity.
the production should follow very closelly the population variations. produce exactlly (+/0.1%) the quantity needed for everybody.

it is still a very hard problem to solve, then, if we add to this a fixed reference that is gold, you limit the possibilities of everybody,
and as said eric cartman, poor people are dumb, they will f**k more and more, do more childrens, and then, use more ressource, but with the same production as before.

just because the gold is the only reference, that is a fixed quantity of gold, jealouslly stocked in some big bank.



and now, the next episode, how to make it a cool story for the long post apocalyptic nights, when we will remember the good cocacola past.
Post 08 Aug 2011, 01:29
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typedef



Joined: 25 Jul 2010
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typedef
edfed wrote:
when we will remember the good cocacola past.

I still drink coke. In fact I had one this afternoon(here in US time is 10:51 PM as I post now)
Post 08 Aug 2011, 02:51
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Enko



Joined: 03 Apr 2007
Posts: 678
Location: Mar del Plata
Enko
Quote:

printing money wouldn't help much since money is just a paper representation of gold

I not 100% sure, but what you say is true only in a Mercantilism system.

Today, the real value of the money is determined by the "faith" the people deposit in it and not the gold reserve.

Or does somebody think that 100 usd really represents the same value in gold that about 10 years ago?
http://developmentseed.org/blog/2011/aug/02/mapping-us-foreign-debt-how-much-we-owe-and-whom

us foreign debt 2011 is 4.45 trillion dollars.
For those who like visual stuff, here what 1 trillion looks like
Image
Post 08 Aug 2011, 04:10
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typedef



Joined: 25 Jul 2010
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typedef
A Football field is enough Very Happy
Post 08 Aug 2011, 04:26
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Enko



Joined: 03 Apr 2007
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Enko
Post 08 Aug 2011, 04:41
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