cloudinshape

4 ms·

1.
by cloudinshape 6y ago
I know these discussions always end up in worker vs owner debates, but what I'm talking here is about the nation. Factories will need to adjust their prices, now you take that as you will, and if one is naive one can think it means exe
2.
by cloudinshape 6y ago
> How does this harm a working class American that derives all of their income from working wages as opposed to assets? Their wage-dollars will now buy less stuff. > Cite and example where a country did not default/print money fo
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by cloudinshape 6y ago
Banning foreign investment will force them to dump dollars and treasury bonds and will accelerate the development of an alternative to it for international trade. But I guess since what you want is inflation that is one way to get it, tho i
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by cloudinshape 6y ago
The reason foreign real estate investment is so high is because the dollar is the reserve currency of the world, and since those countries produce so much they have a huge excess of dollars but the US produces so little they have nothing to
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by cloudinshape 6y ago
Which is exactly the problem: wealth inequality can't be solved by fixing wages. Asian or "factory" countries (not necessarily from Asia but for illustration) have an "artificially" held minimum wage, which indirect
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by cloudinshape 6y ago
You have to square the circle. Wages in the US are artificially high because of the dollar's position, but the US needs to either a) match the wages of the countries producing similar stuff or b) increase productivity and value to the
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by cloudinshape 6y ago
Probably a lot. Now that he's not there other willing people will have the chance to apply to those subsidies aware of the new regulations and the change in direction the state is taking.
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by cloudinshape 6y ago
Why do you feel so much the need to blame someone else?
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by cloudinshape 6y ago
Because the government will not always be on your side, as 2020 demonstrated so well what many peoples outside the US have know from experience for decades.
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by cloudinshape 6y ago
10 years of debatable so-called-crimes with crypto VS at least 5000 years of wars, crimes and corruption with gold and government money...which side are we supposed to be on?
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by cloudinshape 6y ago
The end of the gold standard in the 70s meant the US could "afford" to fight infinite wars by just printing dollars and passing the real cost to the rest of the world, that is why the US is now the world's biggest borrower na
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by cloudinshape 6y ago
Not true at all. People, and state economists, have confused inflation and deflation so much for their propaganda that right now is almost imposible to have a discussion around it primarily because different people don't mean the same
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by cloudinshape 6y ago
> Bernie Madoff doesn't get to print his own currency, you see why that's different right? You know who does though? Tether. As I said, you don’t understand money. Currency is not wealth. Purchasing power cannot be printed, des
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by cloudinshape 6y ago
> I actually addressed all this. No, you repeated propaganda that told you to think you did, but as with the rest of your “points”, too many lols very little substance. > that’s what happens when technology increases productivity. Not
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by cloudinshape 6y ago
> If economic growth outpaces debt growth then it does not ever have to be paid back. Bernie Maddoff said the same thing. He also tried to create a perpetual motion machine. > Canada has been paying everyone $2000/month this whol
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by cloudinshape 6y ago
> Those things got cheaper because of advances in supply chains and technology. That is why things get cheaper all the time, yes. > Why in the world would I ever loan to a small business if I could see gains just by holding the money?
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by cloudinshape 6y ago
> You take your fiat and you invest it and nothing you say below the first paragraph matters. If only. The problematic part of a fiat system is not that is fiat, but that is in the hands of the government who knows not how to exercise co
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by cloudinshape 6y ago
> why spend something now when you can spend less for the same thing later That is nonsense. Sadly by repeating it enough people have started to actually believe it, and repeat it without looking at the evidence of the real world. A chea
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by cloudinshape 6y ago
> An inflationary currency incentivises you to invest it, otherwise you lose real purchasing power. With a deflationary currency, you can just stuff it anywhere and see gains. You steal from tomorrow. As the material wealth of the world
20.
by cloudinshape 6y ago
Bitcoin is perhaps the most important project we'll see in our lifetimes. The liberation of the most important asset in a capitalist society, money, from the tragedy that has been the current fiat system can not be over emphasized. Mon