Countries worldwide are dropping the US dollar: De-dollarization in China, Russia, Brazil, ASEAN

submitted by TheJamesRocket from self.debatealtright

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[–]AlphixNational Socialist 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (5 children)

Inflation being 20% means there is 20% more money a year later.

Multiply 1.2 (120%) by itself 25 times. The total is 95.3...

Inflation IS the increase in money supply, and it IS the devaluation of the dollar.

The more dollars you have chasing the same amount of goods and services, the higher the price. A dollar has no intrinsic value, it's just how many there are, divided by the amount of goods and services it applies to. The big advantage of the USD over other currencies is its world reserve status or "use our money OR ELSE YOU FUCKING TERRORIST DON'T EVEN THINK ABOUT IT MOTHERFUCKER" which means it's applied to a downright obscene amount of goods and services.

[–]Nombre27 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

Any thoughts on money being created from people's verified labour instead of borrowing? i.e. bottom-up instead of top-down. Seems like it would fix a lot of things. Obviously there would have to be some objective criteria as to what constitutes labor, e.g. videogaming isn't work it's leisure.

[–]AlphixNational Socialist 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

Gill Bates has a patent (number "06 06 06") whereby nanotech is implanted into an individual and software can read exactly what the individual is doing at the moment, down to the microsecond and can mine a digital currency based on what they're doing. So you know that 0.6 second you took to rub your nose? Docked. That 1.5 second you took yawning instead of doing your job? docked.

It's not my cup of tea.

I think governments entering into partnerships with mining companies to obtain some of the mineral riches mined, in exchange for services or other things, and then converting that into gold and silver and using these as money is a time-tested system that has always worked.

But the biggest problem in our economies is the political systems. If true democracy existed - or national socialism although that is a pipe dream in this age of inclusiveness, these problems wouldn't exist.

[–]Nombre27 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

That's not exactly what I meant but that is horrifying.

Imagine there was a public space in need of clean up so someone takes the initiative to clean it up, say it took 8 hours, so they get paid at a set rate for 8 hours of work.

I read Manifesto For The Abolition Of Enslavement To Interest On Money awhile ago and this line struck me as making a lot of sense compared to the parasitic system we're currently suffering under:

§ 9. Through intensive enlightenment of the people, it is to be made clear to the people that money is and should be nothing other than a voucher for completed labor; that while every highly developed economy of course has need of money as a medium of exchange, the function of money also ends with that, and in no case should money be lent a supramundane power to grow of itself by means of interest, at the expense of productive labor.

Why have we not already done all this, which is so self-evident, which must be regarded as the Egg of Columbus for the social question?

Because in our Mammonistic blindness we have unlearned how to see clearly that the doctrine of the sanctity of interest is a monstrous self-deception, that the gospel of the loan-interest that alone makes one blessed has entangled our entire thinking in the golden web of international plutocracy. Because we have forgotten and are deliberately kept in confusion by the omnipotent money-powers about the fact that -- except in the case of a few rich people -- the interest that seems so lovely, and is so beloved of the thoughtless, is completely offset by taxes. All of our tax-legislation is and remains, so long as we do not have liberation from enslavement to interest, only a tribute-obligation to big capital, and not, as we would imagine, a voluntary sacrifice for the accomplishment of labor for the community.

Therefore liberation from enslavement to interest on money is the clear motto for the global revolution, for the liberation of productive labor from the chains of the supragovernmental money-powers.

[–]AlphixNational Socialist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Money as a voucher for completed labor says nothing about its quality and makes the issuer a likely problematic unit.

The solution has always been simple: get rid of the Jewish banking system. It is at the implementation stage that this meets with difficulties.

[–]Nombre27 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

makes the issuer a likely problematic unit.

Wouldn't that just be the state? Or do you mean the potential for fraud?

My thinking is that it would disempower those above and empower those below.