seventeethdecember2016

The way i thought i understood inflation is that the Central Bank tries to "print" a lot of money to loan it to banks so that Capitalists will feel "comfortable" and invest more laxly into the economy and this will increase growth. But you have to tell me if this is what you mean, because lately i have been confused in an argument by a person that i guess just felt more confident than me. He said that inflation is simply "the money supply compared to the size of the economy", which i had not heard this definition before and responded with my Keynesian understanding that inflation is a bidding up of prices and hence devaluation of the currency; that inflation can only happen when spending capability of consumers is increased. He said i got it all wrong to which he brought no logical argument. I am a bit confused about what people see as inflation, since i thought i had a firm grip on it..

Aha, so you think that when the american economy shrinks, that the trillions of dollars in investment and that the FED has been "printing" will be used to buy stuff? Because the way i understand inflation, is an inflation of prices, a bidding up of prices, but you have to explain to me how you mean this more exact.

Here is harte.beest's former post list, he was just learning about the basics, but i hooked him.

Well, we are already in a global recession, only a handful of singularly developing countries are having GDP growth not below the 3% line. IF countries like Germany and other countries with over 60% debt-to-GDP-ratio fall into a negative GDP growth depressive economies, lenders will get nervous about being repaid and will 1. raise interest rates on lending money 2. make draconian demands like in Greece, Spain, Italy that will further destroy economies. So for instance, lenders will say to the US: "Ok, we'll lend to you... under certain conditions; we'll take Oklahoma".

This system is now running on massive debt of the debtor of last resort, the capitalist state, to "liquidate" banks to invest into the economy, the markets are dying off because capital is meeting its historical end. The Capitalist States are quite clearly indebting themselves that soon the lenders will stop lending: State collapse.

The Harvard University in Cambridge Massachusetts says that the industrial production will go back massively starting 2015 to zero globally in 2100. That means that markets will be completely unable to reproduce material wealth, and therefore life itself, latest by 2100. So as far the Harvard University of Cambridge is concerned, either capitalism replaced with socialism by 2100, or the human population shrinks in a massive way. Capitalism is done.

No no, in a globalised economy, especially the highly integrated European and western ones (Asia and the west are becoming constantly more integrated and the "TPP" between America and Asia has just been signed, deregulating trade and corporations even more), single countries cannot survive. Switzerland is in a crisis now because its currency is being speculated on as when the Euro falls, Switzerland's exports will fall etc.

The US won't be able to curb the "Euro crisis", it is too reliant on the european economy and especially its banking system. On top of that, the US really was a starter to the DAX falling 16% two weeks ago when the US unemployment rose and statistics were released that the median american has lost 40% of his wealth in the last four years and lost 7% of his spending capability, real wage.

Thanks for agreeing with me. I don't lecture because of the salary, because there is none! I do it because I like educating. Of course, there are some surgeons who are only doing it for the money, but a lot of surgeons also do it because they like to. Also, all socially needed labor is interconnected.

Hey, btw, you know this user TollUndWoman on youtube, the anti DPRK propagNdist? I saw a comment of his yesterday in which he says that there should be democracy at the workplace! Ha! I talked extensively to this right wing idiot and thought all was lost, but it seems that my fervor and dedication to communism impresses people and he must have read more about it!

I have no more contact to him though.

Well, he was the Capitalist banker guy that you left a comment under his intro thread. The last four weeks i have exchanged up to a dozen PMs giving him basic scientific socialist ideas and reading material, and he became increasingly interested and kept questioning and learning. Then The Douch read a post HarteBest made in May and restructed him, making HarteBest pissed and insulting to then getting banned. Sad story...