Thread: Jeremy Clarkson
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Old 02-25-2010, 06:31 PM   #3
Avalon Senior Member
Join Date: Sep 2008
Location: Paris
Posts: 467
Default Re: Jeremy Clarkson

I had a similar conversation with a fairly senior self ascribed ****** banker and he said a few months ago it really looked like 'back to cave dwelling' but now it looks a tiny bit better. He then proceeded to explain it and seriously I have a perfectly adequate level of intelligence but didn’t really get it.

Basically from what I can glean (you have to start with the premise that it’s not all fixed and somehow derivatives are sane way of making money) is that we own the debt, the money is owed to us, normal folks. So I suggested that if we all said, forget about it, don’t pay any of it back and re-start the system and have money be worth the paper it printed on again. It’s all imaginary money anyway and he said no …..something something something inflation bla bla something. I actually spend a serious amount of time trying to think (or grab thinks from the air – there is always a solution) of a new monetary system design. But I am just not the girl for the job, I’m a word girl…..
I have read the two tier system of ‘subsistence currency’ that cannot be traded up and then the pleasure currency which can be and can be accumulated, however everyone has the same amount of the survival currency and food and housing are priced at this level.

Genuinely does anyone have solid ideas of how to manage a serious new means of exchange, because barter is as flawed as communism? Any economists out there, financial architects, or is it just dragon people these days.
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