tag:blogger.com,1999:blog-2992740250270600844.post198113876805514220..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: Belief In The False Illusion Of Stability - Ponzi Scheme 101Bruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2992740250270600844.post-54291721050086867082019-10-27T13:09:39.004-07:002019-10-27T13:09:39.004-07:00We tried Helicopter money in Australia after the l...We tried Helicopter money in Australia after the last GFC. Used as intended, it all ended up going offshore, and into high finance, still.<br /><br />Retailers geared up for the announcement, arranging finance for new home appliances. Money - > interest repayments, Chinese manufacturers. Stimulus boost was undiscernible, and frankly a waste.<br /><br />Any form of UBI needs to (but won't be implemented with) a demurrage mechanism, to keep it out of financial markets and repayments. There is the overwhelming issue of a living wage, causing skills crises, and very unpredictable (or manipulable, as MSM propaganda and unions could influence whole industries of contractors).<br /><br />The demurrage aspect is the most curious aspect, as you want UBI/stimulus money to be "laundered" through enterprise as wages, CoGS, before it makes it to back someone else's new debt. Perhaps an idea, is to have it (or all money, so as to prevent a two tiered system) have a proportion less potency, when used to back fractional reserves... As a disincentive to create credit bubbles, and keep the focus on the bricks/mortar economy, of rebuilding humanity to fit on the planet, treading lightly. ADMhttps://www.blogger.com/profile/17245555424281808867noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-75865060905132609412017-12-30T08:11:10.233-08:002017-12-30T08:11:10.233-08:00I agree with the article. A point about your comme...I agree with the article. A point about your comment regarding bankruptcy though. The risk of loaning money has been transferred to the taxpayers via fannie/ freddie, or else removed entirely as in non dischargeable student loans. Privatize gains, socialize losses.Robertohttps://www.blogger.com/profile/17139639321004088071noreply@blogger.com