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By (user no longer on site) OP
over a year ago
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America is to mint a token single coin with a face value of $1 TRILLION dollars (that's 1,000 BILLION dollars) to demonstrate the ceiling of their national debt.
That's a fantastical amount of money to mint in a single coin and imagine trying to do your weekly shop with it!
If we look back to the past where that amount of money in the whole world didn't even exist, let alone in one country, how did humanity get from entire economies worth a few millions of pounds to economies running into trillions upon trillions? Did we just mint/print more money?
What would happen if we reset everything back to a much lower value.
Has the cost of goods risen in line with the amount of money in circulation, and, if we reset monetary value by a division of, say, 1,000 (taking 999 units of currency out of circulation for every 1,000 units) how would that be reflected in the prices of goods?
Clearly, price cannot continue to rise exponentially without wages rising in line or just behind it, but if it is simply a matter of raising wages to match rising prices then what's the point in it? Why not have a reset every 50 years or so and start again? |
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By (user no longer on site)
over a year ago
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Because we’d probably need to reset the world population to a fifty year low just to give it any chance of working….. and I don’t think that would be very popular….    |
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By (user no longer on site)
over a year ago
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"Because we’d probably need to reset the world population to a fifty year low just to give it any chance of working….. and I don’t think that would be very popular….
Sure there is a list somewhere with a few names on  "
Thats called the USA phone directory |
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By (user no longer on site)
over a year ago
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"Imagine if you lost the coin through a hole in your pocket.  "
or down the back of the sofa, and found it again, when you were looking for chinky money lol  |
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By (user no longer on site)
over a year ago
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"Because we’d probably need to reset the world population to a fifty year low just to give it any chance of working….. and I don’t think that would be very popular….
Sure there is a list somewhere with a few names on "
haha,,, yeah but it would need to be a pretty long list...
We’d need to eradicate more than half the worlds present population to restore it to level of 50 yrs ago and where on earth would we bury approximately three and three quarter billion bodies and who gonna pay for it…eh!
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By (user no longer on site) OP
over a year ago
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"Because we’d probably need to reset the world population to a fifty year low just to give it any chance of working….. and I don’t think that would be very popular….
Sure there is a list somewhere with a few names on
haha,,, yeah but it would need to be a pretty long list...
We’d need to eradicate more than half the worlds present population to restore it to level of 50 yrs ago and where on earth would we bury approximately three and three quarter billion bodies and who gonna pay for it…eh!
"
You've misunderstood me. I'm not talking about trimming the population to what it was 50 years ago, I'm suggesting that if wages rise because prices rise then it serves no purpose so we might as well reset prices/wages every few decades. |
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By *nnyMan
over a year ago
Glasgow |
"Because we’d probably need to reset the world population to a fifty year low just to give it any chance of working….. and I don’t think that would be very popular….
Sure there is a list somewhere with a few names on
haha,,, yeah but it would need to be a pretty long list...
We’d need to eradicate more than half the worlds present population to restore it to level of 50 yrs ago and where on earth would we bury approximately three and three quarter billion bodies and who gonna pay for it…eh!
You've misunderstood me. I'm not talking about trimming the population to what it was 50 years ago, I'm suggesting that if wages rise because prices rise then it serves no purpose so we might as well reset prices/wages every few decades."
I don't think we need worry about wages rising to keep up with prices for a good few years. |
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By *acreadCouple
over a year ago
central scotland |
"Because we’d probably need to reset the world population to a fifty year low just to give it any chance of working….. and I don’t think that would be very popular….
Sure there is a list somewhere with a few names on
haha,,, yeah but it would need to be a pretty long list...
We’d need to eradicate more than half the worlds present population to restore it to level of 50 yrs ago and where on earth would we bury approximately three and three quarter billion bodies and who gonna pay for it…eh!
You've misunderstood me. I'm not talking about trimming the population to what it was 50 years ago, I'm suggesting that if wages rise because prices rise then it serves no purpose so we might as well reset prices/wages every few decades."
You cant really set prices or wages every few decades due to supply and demand, we all know when something becomes scarce the price goes up then and there and in abundance it comes down (oil and gas being two of the exceptions) same as certain tradesmen/ professionals become scarcer they will be paid more. |
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