The National Collaborativist Thread

[Timshel]

The "fresh money" they get is increasingly worthless if they just continue to get it.

By the way, explain in 200 words or less "military industrial complex" as a concept...otherwise you don't get to keep using it.

No, he is right. Those that get the dollars first are spending dollars that inflation has yet to diminish the value. Once they spend them and they circulate in the market they begin to bid up prices or cause inflation.

The military industrial complex and banks get the money before it's value has been diminished and those at the lower ends (i.e., labor) usually get a fully depreciated dollar.

 

[gonzojournals]

No, he is right. Those that get the dollars first are spending dollars that inflation has yet to diminish the value. Once they spend them and they circulate in the market they begin to bid up prices or cause inflation.

The military industrial complex and banks get the money before it's value has been diminished and those at the lower ends (i.e., labor) usually get a fully depreciated dollar.

But it does eventually catch up to them, even if they are not the first to feel the effects.

 

[Timshel]

But it isn't as simple as that...fiat currency still has a value that is as based in reality as gold (from the perspective of gold as a rock that we go apeshit for).

This is not true. Gold has considerable value seperate and apart from it being a medium of exchange. Fiat currency is virtually worthless other than as a medium of exchange.

http://geology.com/minerals/gold/uses-of-gold.shtml

 

[Litmus]

But it does eventually catch up to them, even if they are not the first to feel the effects.

No. It never catches up to them because they keep making more.

 

[gonzojournals]

No. It never catches up to them because they keep making more.

Which only makes the problem worse, retard. If fiat currency could be produced without any reprecussions, then there would be no economic obstacles for a nation.