Comment on I promise I'm not

• DarkAri@lemmy.blahaj.zone ⁨2⁩ ⁨days⁩ ago

  I know economics not reganomics. I don’t follow your political economics education. I deal in truth.

  It’s easy enough to at least partially prove because the same people who teach you Reganomics also have a proven track record of making the economy worse over decades. There hasn’t been hardly any growth in 50 years. Easy to verify by calculating the true value of GDP in 1970 and now, by taking the price of commodities and valuing your GDP by that. These same people are the ones who teach this new age economic bullshit when just studying a little bit of history and using true values not fiat values, and you will see that every mistake the U.S has made since leaving the gold standard has lead to exactly the same results time and time again. It always leads to collapse, it always leads to wages rising slower then prices. That’s the whole point of a fiat currency, is to let extremely inefficient corporations that produce almost no value and have unmotivated underpaid workforces survive in a semi free market. This by the way destroys prices. The reason you can’t afford a house is because any real asset that holds value and is inflation proof sores through the roof faster than even combined inflation. This is because these banks and corporations which could never exist in a honest and free economy have unlimited leverage from low interest loans and tax deductible debt, so they never have to give assets back to the working people except under extremely exploitative terms.

  Your entire economy is a mess, and the people running it don’t have a clue how economics works, including your economics professors at these corporate funded universities who just spread nonsense to protect corporate profits and keep everyone in a virtual hostage situation where their retirement can get wiped out in microseconds on the stock market. It’s a bunch of bullshit and I’m really sick of people who literally don’t have a single clue what they are talking about, trying to explain economics to me, when I studied this for years on my own so I could figure out what is really going on and what really works, and surprise the entire economy is a giant scam. The biggest scam in history. Fiat currency is literally the biggest racket in history.

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  • HeyThisIsntTheYMCA@lemmy.world ⁨1⁩ ⁨day⁩ ago

    there’s no such thing as true value. when they tied the value of currency did they use a method besides fiat?

    also, please get information about economics from people who understand it (not the internet). you seem not to be able to discern a reliable source in this field.

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    • DarkAri@lemmy.blahaj.zone ⁨19⁩ ⁨hours⁩ ago

      Lol like I said I study economics not reganomics. You can’t find any YouTube videos that are not reganomics. YouTube had all of that purged during the great censorship wave before they put trump into power. I know you live in the soviet union basically so you never heard anything that was true in your life probably. The internet is just not a good source in these things anymore. I’m pretty sure it’s like half bots.

      There is such a thing as true value in many ways, and you have it backward. You don’t measure the value of hard currencies by fiat, you measure the value of items by hard currency. A loaf of bread is worth however much copper someone will pay for it. A copper isn’t worth x amount of bread. The price of bread may change because of various things, but the price of the copper will always remain fairly constant, outside of improvements in technology and stuff. This is sort of buffered by the fact that if the value of something useful like copper drops then the market will use it for more things, since it just has so many useful properties. Copper is actually a better conductor than gold and silver. If the price of copper rises, the market may try to phase it out of certain things. .it’s also just that copper is already very valuable so the extraction of it is already very optimized. There probably isn’t too many big improvements to be made in extracting it but as the price changes, certain processing of it may become more or less feasible.

      This is sort of the reason things like oil keep its value over time. It’s when oil prices go up, it suddenly becomes profitable to open up old fields which produce lower quality oil which requires more expensive processing, and as the market is flooded those same fields become unprofitable. It sort of self regulates.

      Also you should do easily anyways, you should have your fortune divided into several pools of different metals, and also land, and maybe a bit of stock in a joint enterprise. You should probably spend some on collectibles, and also some on yourself. As in educating yourself.

      Mainstream MMT is a bunch of junk created to screw over the working class and to give corporations tons of power by controlling everything that is valuable. It creates so many negatives. High asset prices, even relative to true inflation, because people have to overly expose themselves to assets to store value if they aren’t rich and can’t snowball. It creates debt based economies, where many companies don’t even pay taxes because they operate on debt besides the many other tax loopholes that become necessary to keep this duct tape economy going. The people have to pay high taxes or inflation goes up too fast since they have to find a way to suck liquidity out of the economy as they also somehow have to keep injecting it. That’s why the average American pays dozens or hundreds of taxes. It destroys the principle of free markets, because once companies get into the range of tens of millions. They never really have to worry about going out of business as long as they sell something. This makes asset prices even higher and destroys small businesses. It locks out the working class from starting businesses without tons of investment from managers and puppeters. It requires that people not be given even a basic education, so that they don’t know how screwed they are which leads to all kinds of issues, like companies not knowing how to actually be successful long term. It punishes efficient companies which are in debt, because they become more exposed to risk, where shitty companies can just sell all their assets to a rich friend, or a shell llc, and file for bankruptcy. It requires that the state is always corrupt, because any sort of tweaking of the system will cause the economy to collapse. It requires that Americans put their retirement into a casino or there will be too much asset inflation this requires governments occasionally steal everyone gold with literal armies going door to door, as well as getting tons of propaganda about how saving money is bad and gambling with your retirement is actually good, when you can just buy gold and beat the stock market every year. It also destroys class, since there is virtually no reward for being honest, saving money, giving something to your kids. Fiat economics hates class, in particular the middle class, fiat currency thrives on a class of aristocrats and a giant underclass of uneducated poorly fed and disarmed fools. There will hardly ever be more then 3 generations of high wealth within one family or even basic land ownership, Inca fiat economy. This destroys our DNA. Our creativity, our intelligence, our looks, our more human features like our empathy and restraint. In short, fiat currency raises and entire population of fat bald ugly and disrespectful people, because this is the evolutionary pressure that fiat currencies create. There are many other reasons beyond this. Like just the fact that for some strange reason, under a fiat system, you will almost always earn less the next day then the day before with a job. Almost every single job in America pays you the most in real value, the first day you show up, it’s so ironic. The government also lies about inflation btw. It’s really around 7% per year on average. So if you are not making 7% more every year then you are being paid less. If your house doesn’t appreciate in 7% of fiat per year, then your house is becoming less valuable. If your retirement isn’t growing 7% a year, then you should of just bought gold, and when you add in the risk, it’s higher then 7% per year for your retirement, because every so often, seem to be about once a decade these days, the rich will decide to just crash the market and take half of your retirement. So really you need to be making about 12.5% per year on your retirement or you are actually just losing money.

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      • HeyThisIsntTheYMCA@lemmy.world ⁨19⁩ ⁨hours⁩ ago

        I’m not reading a nonsensical screed on economic anything from someone who has demonstrated they don’t understand basic economics unless I’m paid

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