Was at the strip club last night - insight into what's on the horizon economically and socially

[MatureDJ]

I have never understood the "money printing" idea. A dollar is worth what someone gives up for it. It still has to be gained through trade or labor. Unless the government really is just handing over bags of freshly printed bills to plutocrats and I'm just a useful idiot. But that would devalue their money. So I don't get it.

But money is the well-established vehicle for trade. If it's not green pictures of dead presidents (or ministers to France, or Secretaries of the Treasury), that it would be pieces of precious metal. Yes, the pieces of metal are harder to inflate as that requires mining & processing.

So the green pictures can be printed much easier than that mining & processing, and it essentially devalues everyone's position in cash.

 

[MatureDJ]

I guess my point is the money has to be gained through labor or trade regardless. It's not like my company will give me a raise because Uncle Sam printed more cash. Sure they can print more, but then what? Just give it to people? Not to mention a large portion of trade is cashless. I don't get how printing more of it in any way changes its value between two parties.

But that only has no effects for someone if he doesn't have any cash-on-hand (COH). You need COH to have any type of emergency fund.

 

[Xenom0rph]

I kinda want to hit up the strip club again tonight...

 

[zinc4]

But money is the well-established vehicle for trade. If it's not green pictures of dead presidents (or ministers to France, or Secretaries of the Treasury), that it would be pieces of precious metal. Yes, the pieces of metal are harder to inflate as that requires mining & processing.

So the green pictures can be printed much easier than that mining & processing, and it essentially devalues everyone's position in cash.

It boggles my mind that people can't understand this simple fact.

The US government has been creating hoardes of money out of thin air lately.

 

[MatureDJ]

It boggles my mind that people can't understand this simple fact.

The US government has been creating hoardes of money out of thin air lately.

But the situation is that some money needs to be created to avoid deflation - and during COVID, that was a major threat. And even in regular times, since the WealthMaxxers like Musk or Bezos just keep on taking the profits instead of having the workers get it, there is a permanent deficit of demand. This is standard Keynesian economics, and it is still correct; the key is to have just the right balance.

 

[EyeBRollin]

The US government has been creating hoardes of money out of thin air lately.

Yes, the pieces of metal are harder to inflate as that requires mining & processing.

So the green pictures can be printed much easier than that mining & processing, and it essentially devalues everyone's position in cash.

Fiat currency is preferable to the antiquated gold standard, mostly because deflation is a lot scarier than inflation.

 

[EyeBRollin]

@EyeBRollin What happens when all the debt is paid back?

If you are referring to national debt, paying it all back would drain all of our wealth to $0.

 

[EyeBRollin]

How is an economic model that is based on debt a sustainable one?

It’s not the kind of “debt” you are thinking of. National debt isn’t a credit card or mortgage. It’s just a cumulative running count of deficits.

The easiest analogy is the banker in monopoly. Every time a player passes go, they collect $200. That $200 facilitates more player buying and selling. The bank is $200 “poorer”, thus has a “debt.”

The reverse- if the players had to pay the bank $200 each lap, the are $200 poorer and can buy less property. They suddenly become desperate to hold their existing properties but will eventually have to sell those to pay the bank. The bank gets “rich” and the players all get poor. How does that economy sound?

 

[Bigpapa]

Money supply has little effect on modern economies. They could print zero and this inflation would still happen. Your interpretation of the circumstance is just wrong.

well , if you are into economics , you would surely know what market equilibrium is

here we have 2 big problems : money being printed for no reason + shortages due to Covid + war

 

[EyeBRollin]

well , if you are into economics , you would surely know what market equilibrium is

here we have 2 big problems : money being printed for no reason + shortages due to Covid + war

I don’t know why people think governments actually need a reason to print money. They do it all the time. No one complained when in 2017 corporations and billionaires were given $2 trillion worth of tax cuts. But checks to people losing their jobs over Covid-19 lockdowns is “overspending.” That is a double standard. Hypocrisy.

 

[EyeBRollin]

That economy sounds like an economy invented by an alpha who gets to print as much money as he wants, and then force you to compete for it.

You're living in another man's frame, bro. And you're somehow proud of it too. I don't know anyone who's proud of being AMOG'd.

What are you even talking about?

Try this: Don’t pay any of your taxes any more. Show us how “alpha” you can be towards the system.

 

[Bigpapa]

I don’t know why people think governments actually need a reason to print money. They do it all the time. No one complained when in 2017 corporations and billionaires were given $2 trillion worth of tax cuts. But checks to people losing their jobs over Covid-19 lockdowns is “overspending.” That is a double standard. Hypocrisy.

the problem is where the money end up

in the case of the corporate pay cuts , money was recirculated back in the economy through the creation of new jobs or better paying ones . Basically it had an ROI , as the new jobs were paying taxes back

what Covid did was a monthly check to everyone so they can spend it on stupid things , while facing with big shortages , and people refusing to work or just being let go by companies as they could not run a business anymore . Basically the money given had no cover In the real economy , which makes the money more worthless than they previously were

Money themselves have no value , what it has value is what they represent

 

[EyeBRollin]

the problem is where the money end up

in the case of the corporate pay cuts , money was recirculated back in the economy through the creation of new jobs or better paying ones . Basically it had an ROI , as the new jobs were paying taxes back

what Covid did was a monthly check to everyone so they can spend it on stupid things , while facing with big shortages , and people refusing to work or just being let go by companies as they could not run a business anymore . Basically the money given had no cover In the real economy

Supply side economics has been debunked for 50 years. It should be obvious that a consumer based economy gets a bigger jolt from low income people getting cash and spending it than from corporations and billionaires hoarding more cash. That shvt just goes straight to stock buybacks.

 

[Bigpapa]

You’re like some kind of libertarian hero who is in slave denial or something.

Dude. If I stop paying taxes then the Alphas who invented money will come gunning for me. Because we are all forced to play by Alphas rules. You know that.

You’ll do as you’re told by the money printers. You know you will because you don’t want to get a beating from an Alpha.

I am thinking the same man , to buy some land , plant some potatoes and chill on the porch with a kochler assault gun

 

[Bigpapa]

Supply side economics has been debunked for 50 years. It should be obvious that a consumer based economy gets a bigger jolt from low income people getting cash and spending it than from corporations and billionaires hoarding more cash.

depends how the companies react to the increased demand .Do they do massive credits to sustain the new demand or not . As you know , the big companies are maxed out in credits , and the demand from the poor is very volatile

what happens when they can not pay the bills ,inflation happens

 

[EyeBRollin]

depends how the companies react to the increased demand .Do they do massive credits to sustain the new demand or not . As you know , the big companies are maxed out in credits , and the demand from the poor is very volatile

what happens when they can not pay the bills ,inflation happens

They pocket the money, bro.

PPP loan fraud was rampant. We know human behavior.

The medium sized company I left last year took their PPP money, fired 50% of the employees, gave the rest of us 5% raises and pocketed the difference.

 

[Bigpapa]

They pocket the money, bro.

PPP loan fraud was rampant. We know human behavior.

The medium sized company I left last year took their PPP money, fired 50% of the employees, gave the rest of us 5% raises and pocketed the money.

Companies do a lot of stupid things with the money . If you would work for a big company you will know this

companies are also extremely greedy , and they know that are too big to bankrupt without creating major social problems , so they are even greedier . The result of this is that they loose the money

in over to cover up all the looses , it has to be devaluations to make the losses more bearable

 

[Bigpapa]

You’re basing this all on a huge assumption that the modern economy actually needs people. It doesn’t.

AI.

The Alpha Elites used to need poor people for labour. They don’t anymore. The Alpha Elites have now shifted focus entirely to “how are we going to manage all these people that we don’t need anymore?”

And I think you know the types of plans they’ve come up with to manage all these excess people. Very controversial, but it must be done. Climate change is so serious. All those naughty carbons must be dealt with.

Coal not ‘taboo’ as EU seeks Russian gas exit

Countries could ‘stay longer with coal’ before switching to renewables to avoid relying on gas, says Frans Timmermans.

www.google.com

Green deal is off

 

[Bigpapa]

While I agree with your sentiments.... I hate the term "assault gun". If I attack you with a fork, that fork now becomes an "assault fork".

Heckler & Koch HK416 - Wikipedia

en.m.wikipedia.org

This is awesome . All the commando units from the western world has it as the main gun

 

[Bigpapa]

I actually think that big companies do stupid things with money because deep inside they are Alphas. They know deep down that money isn’t real. They can spent as much of it as they want, and corporate welfare makes sure the central banks print them endless money via quantitative easing.

Past a certain level of power in society, the banks just start giving money to you directly. It’s friggin awesome. Wouldn’t you start being stupid with money at that point? Or at least not taking money particularly seriously.

the main problems with the big companies is that they do not have a leader , so no one is accountable for anything . The big corporations are an entity themselves , full of legions who will defend it blindly because they need to make a living

Communism was the same , that is why it was so bloody and repressive