This economy rests in the expectancy of continuous growth, so it's wealth, it's wishful thinking and useless paper that becomes real if things go as expected. This retarded way of accounting for wealth is what's allowed billionaires to exist. Their wealth no more real than shitcoins.
To think some people base their lives around and suicide over this retarded fiction is mind blowing. Human stupidity has peaked.
We should return to metal money.
Not like meaningless paper money. It will become worthless as countries go bankrupt.
Metal itself is all valuable.
HAHAHAHA, you think so. But, you're wrong.
Wealth becomes real when it can be actualized (as in you buy something).
The only two factors that would stop wealth from becoming realized is if the currency collapses, meaning you really just hold paper. And, the government dies, thereby collapsing the currency.
Good luck.
True. Then again the collapse might bring other collapses. If we don't build up nuclear fast enough we'll have a massive energetic and technological recession in our hands as well, in which case metals will also lose a lot of value, because it would deindustrialize society.
Nope it can happen via repression. So like they can take a percentage of dosh from your bank account(direct) or Lock you out of your account for a time where the currency hyper-inflates or nearly hyper-inflates(indirect). Wealth is a self reinforcing feedback loop of conveniences. Currency is just PP, meaning it always did not have true backing and has diminishing returns on levels.
The thing is billionaires could buy the whole world several times and still have "wealth", which means their value on paper isn't real by any stretch of the imagination.
When food becomes scarce, all paper money is worthless, that's true wealth, a continued supply of food. Kings of old knew this, that's why their power was tied to land ownership, that's why bill gates is buying so much land.
European leaders don't seem to grasp this, since they're jeopardizing both fuel supply and food.
Then we may eventually return to food exchange.
After all, no matter how badly industry declines. You're going to need food. Just until we revive the economy. A lot of people will starve to death.
good luck defending your food when you don't even have metal for tools and weapons
>A lot of people are gonna starve
Indeed. This is what scares me the most. Starving people are violent people, so you having land only guarantees these people will steal food from you, specially in europe where we have no possibility of legal gun ownership.This is the reason I'm anti-birth and anti-immigration. We have enough cunts in our country to worry about already.
Yep
I wanna fuck the two sisters
>anime talks about believing in science
In the garbage you all go, faggots.
Honestly, if I have to explain the difference between Science(tm) and actual science to you, you're an irredeemable useless mouthbreather. So I won't even bother.
Europe will be in trouble this winter. Lack of natural gas has led to electricity shortages, leaving the poor unable to heat their homes. Ukraine has already missed its spring planting. The war has resulted in still not being able to continue planting next. Russia refuses to sell food to Europe. Europe needs to spend a lot of money importing food from India.
There may not end up being a mass famine, but there will be a severe economic downturn.
fuck off amerifat
me too
Agree. It will be a famine for third world countries though, which will also create a difficult situation for policy makers in the borders, having to larp as virtue signallers and at the same time stopping the hordes of hangry africans.
Sri Lanka is already in famine. Because their stupid president has destroyed the economy.
African countries won't receive food from Europe this year. Because the Europeans have to make sure they don't starve to death this winter.
We really are going to eat our neighbors, no matter how much we prepare for a collapse aren't we?
Ping pong is right, fractional reserve banking is more dangerous than armies... In the wrong hands.
All power is tied to violence. Medieval kings had very little power because feudal lords owned the lands and had armies to defend them. A deed is only as good as the army willing to enforce your claims.
European leaders have finally grasped this which is why so many European countries are rearming. Trade agreements will only work as long as the world is stable and scarcity is low. European overseas intersests will have to be secured by force rather than only existing on paper.