Do you deplore fake economy these days?

[Superboy]

US annual GDP is currently 17.1 trillion dollars, up from 16 trillion last year. There isn't enough trees in the world to print this much money. It's a fake digital number in a fake digital computer bank account, set by oligarchs who control the government. Back in the day, money used to be silver, tangible, real. Not anymore.

U.S. National Debt Clock : Real Time

 

[VCheng]

US annual GDP is currently 17.1 trillion dollars, up from 16 trillion last year. There isn't enough trees in the world to print this much money. It's a fake digital number in a fake digital computer bank account, set by oligarchs who control the government. Back in the day, money used to be silver, tangible, real. Not anymore.

U.S. National Debt Clock : Real Time

Yeah, the US economy is all fake. It does not exist!

 

[Superboy]

It is fake. That's why US and EU economic sanctions on Russia has no effect. Because these economies are fake, not real. Only silver and gold are real money.

 

[VCheng]

It is fake. That's why US and EU economic sanctions on Russia has no effect. Because these economies are fake, not real. Only silver and gold are real money.

Sanctions have no effect? Yeah:

Russian sanctions start to bite as growth forecasts are downgraded | World news | The Guardian

 

[Superboy]

Sanctions have no effect? Yeah:

Russian sanctions start to bite as growth forecasts are downgraded | World news | The Guardian

It's not real because it doesn't affect everyday lives of civilians. Only production is real economy.

 

[Bas_kya_bhai]

Yeah, the US economy is all fake. It does not exist!

sattire! i guess.

 

[Bas_kya_bhai]

US annual GDP is currently 17.1 trillion dollars, up from 16 trillion last year. There isn't enough trees in the world to print this much money. It's a fake digital number in a fake digital computer bank account, set by oligarchs who control the government. Back in the day, money used to be silver, tangible, real. Not anymore.

U.S. National Debt Clock : Real Time

we have to study economics..you don't have to print all money. and if it was so easy then they would have printed trillions to pay debts.

 

[Superboy]

we have to study economics..you don't have to print all money. and if it was so easy then they would have printed trillions to pay debts.

That's because they can just set that number to 0. It's in the computer anyway.

 

[Bas_kya_bhai]

the whole life is an ilusion a dream. there is no real thing. the world is a myth. the only real thing is that green weed and white powder.

 

[gambit]

Do you people feel sad for this guy ? Even if just a little bit ? I do.

 

[Sliver]

Mr. @Superboy you need to understand economy is different from currency. You do not need to "print" the money to be in sunc with the economy! sheesh!

 

[Sliver]

@gambit this is one of those cases.. you dunno where to begin to educate. The hope is, atleast they wont be thick headed and they realize soon that they are talking non sense.

@Superboy I am willing to spend sometime with you, here in your thread to help you understand what is wrong with your statement. If you are willing and open for discussion in a rational, reasonable way.

 

[Superboy]

I was the one who said Assad cannot be beaten. Because Assad is Russia's puppet. I say economic sanctions have no effect on Russia. You may believe or not believe. Time will prove I am right. Because money economy is fake. Only production economy is real.

 

[Bas_kya_bhai]

@Sliver goodluck

 

[nvKyleBrown]

I was the one who said Assad cannot be beaten. Because Assad is Russia's puppet. I say economic sanctions have no effect on Russia. You may believe or not believe. Time will prove I am right. Because money economy is fake. Only production economy is real.

Dream on kid.

Russia used to be able to trade oil for American labor at the rate of 1 barrel per 2 hrs of skilled labor, or 10hrs of unskilled labor. Now Russia can get only 2/3rds of that, or so. That is a real decline.

Looked at another way, I as an an American, have to trade 1 hr of labor for about 13 gal of gasoline. I used to have to trade about 1 hr for only 9 gallons. That is a real difference, no silver or gold required for it to be real. Likewise, Russians used to be able to trade their labor for more western goods, but the falling price of oil and sanctions mean that they now are trading more labor for less goods/services. That is very real, no gold or silver required.

Forget about hard currency, and look at what people actually do (work) and what they get in exchange (goods/services). How they accomplish that is by trading work for currency ($ or rubles, or whatever) and trading the currency for goods/services. If you "add a zero" it immediately causes the vendors of goods and services to add a zero to their prices. Getting your boss to give you a wage increase takes longer - so wager earners wind up being losers. People who are in debt also "win", people who are owed money lose. Since rich people are generally "people who are owed money" they tend to not like that kind of adjustment. The people running Russia are both RICH and OWED LOTS OF MONEY, so Russia is not going to do that.

I tend to believe that you are partially right - sanctions will have a minimal effect on Russia. However, the falling price of oil is killing them. And your views on economics are just completely wrong.