Gold

Comments

• fox2263@lemmy.world ⁨13⁩ ⁨hours⁩ ago

  Or rather 100 billionaires will become trillionaires

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• DandomRude@piefed.social ⁨6⁩ ⁨hours⁩ ago

  If it were possible, the most greedy would still pounce on it: This was already the case in the 16th and 17th centuries, when the Spanish, in particular, imported so much silver from “the New World” that prices in Europe plummeted, leading to massive inflation due to higher prices for goods. Throughout history, there are many, many more examples

  But hey, with gold in vast quantities, many goods would become significantly cheaper, because unlike cryptocurrencies, the material has many, very important uses.

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• bufalo1973@piefed.social ⁨7⁩ ⁨hours⁩ ago

  US quintillions or European quintillion?

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• Miller@lemmy.world ⁨13⁩ ⁨hours⁩ ago

  There is probably some irony in the artist rendered likeness resembling a double siloed Death star.

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  • jaybone@lemmy.zip ⁨10⁩ ⁨hours⁩ ago

    Not iron, it’s gold.

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    • Miller@lemmy.world ⁨9⁩ ⁨hours⁩ ago

      Just because the asteroid is quite goldy doesn’t mean it cant be irony too.

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• Evotech@lemmy.world ⁨8⁩ ⁨hours⁩ ago

  Sike

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• dan69@lemmy.world ⁨10⁩ ⁨hours⁩ ago

  Now that aliens are real, we will be richer than them. But either way, release the Epstein files.

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• zr0@lemmy.dbzer0.com ⁨11⁩ ⁨hours⁩ ago

  Which is the exact reason why a free base income just increases the prices, devaluates the currency, increasing the inflation rate, making every other currency more expensive. So you only lose.

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  • Lyrl@lemmy.dbzer0.com ⁨10⁩ ⁨hours⁩ ago

    If economies were only about hard assets, sure. But human work is a big part of modern economies, and a free base income lets more people pay others for services. It takes time for entrepreneurial-minded people to spin up businesses and grow the economy to absorb the increased income, but done in a thoughtful ramped manner, cash payments have net positive effects.

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  • LeFrog@discuss.tchncs.de ⁨10⁩ ⁨hours⁩ ago

    [citation needed]

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