RE: Pyramid of Capitalism
November 22, 2011 at 11:52 pm
(This post was last modified: November 22, 2011 at 11:53 pm by reverendjeremiah.)
Void Wrote:WOW... There are just TOO MANY problems with using a barter system at the core of a modern global economy that I have no fucking clue where to being!
Yeah...well, one would include the EXCLUSION of world wide money exchangers
That would be problem number one
(note, the BIGGEST and RICHEST corporations and people avoid money exchangers and paper shufflers between each other)
The next problem would be LACK OF INTEREST (otherwise known as Usury)
(note, the BIGGEST and RICHEST corporations and people avoid chargers of usury and prefer to deal and barter directly with each other based on their acquired productions)
HMMM....
Gold closed today at $1,702.40 per troy ounce, and light crude oil closed at $98.01 per barrel.
Shut down the global reserve note (otherwise known as the American dollar) and what will happen?
Will they stop bartering?
Will trades in gold and crude oil suddenly stop once the monetary system is abolished? (along with all of its unnecessary paper and percentage pushers)
Will they be unable to decide the value of each, and agree upon an exchange?
Only Void can explain why