Quote:
Originally Posted by turboslippers
R33_GST-t- that's a good listen. Got any other options though? I don't mean that as sarcasm....but China's not exactly bucking the trend and coming up with a better solution.
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The better solution is to go back to real money, e.g. gold, or something of material value that's largely immune to inflation and value manipulation. Something that can't be created out of thin air. Something that can't be lent or borrowed without ever having existed prior to that transaction.
The problem is that people are unwilling to do this because they protect the current corrupt system with their own pain. The transition probably won't happen over night and will cause people to essentially lose what savings they have in this bullshit currency. People try to evaluate their wealth and well-being against the current currency (which is impossible), instead of simply realising the truth, there is no currency. They're pieces of paper with someone's head on them. They have a material value approximately equivalent to a piece of toilet paper.
The truth is that somebody artificially inflated the price of everything with low interest rates, they then short-sold you a house and lent you a few hundred thousand leaves of toilet paper, that never existed before you borrowed them. They then upped the interest rate and would like to repossess your house (which has real material value) and sell it for half its original value (as measured in leaves of toilet paper) and have you exchange years of real labour in order to pay them back the remaining debt in toilet paper. Why is there so much toilet paper? Because this is a load of shit. This is the same way that 3rd world countries are enslaved.
The economic cycle explained.
Lower interest rates > Inflation > Tax people to the brink of poverty > More borrowing > Raise interest rates > Debt > Enslavery
1. Tell the banks you don't owe them anything.
2. Demand that currency be exchanged for gold at £15,000/kg.