bordsilver said:
You're forgetting productivity. Just as an experienced tradesman is worth more than an inexperienced tradesman or a man with a backhoe is worth more than a man with a shovel, the average Australian worker is worth significantly more than the average PNG worker with much of that value arising because of education, health and capital equipment.
Productivity is the key element in the whole of the inflation/deflation/crisis/depression story.
If that average worker (essentially it's a population part) in the next years/decade fails to increase productivity at the same rate as the one at which new fiatmoney adds to the amount circulating, the self-reinforcing mechanism will put their circulation to a halt.
This means that in real terms we should see factories spitting out equally more % production at the same production cost.
This is what happened during the century after Keynes and Fisher brought the present system into place.
If you look at the monetary base and thus the new fiatmoney spending level, you notice that every decade it is lifted to a threefold.
So, we should see backhoes that are that rate times bigger than todays 1000 tonnes shovels.
And, companies that produce the same with that rate lesser workers than today.
And, efficiency that is that rate better than todays.
What did we see during the past century/decades?
Fast transport. Highways. Mass production. Shift labor. Analog and digital instruments/devices. Computers. Automation. New technologies.
These elements compensated for the central planning thieves and the parasiting interest groups behind them.
The new technology in the World War 2 story provided the last Depressions main exit.
Computers provided the 80's main exit.
What will it be now?
I had and still have a hard time finding one.
And that's why I after a couple decades bank saving, became a silver stacker (of the more careful kind) with also a stock of common stuff/spares good for a couple decades and a bank account that looks like the one of the debt club.
Because without it, I'd become yet another slave of Keynes and Fisher, with choices limited to poverty / bend / prison.
Unlike what the topics references suggest, the marketwide deflation cycle passed in 2008.
The central planning parasites took measures to avoid a repeat (simply because it would mean their end)
I know what is next. The convergence point.
Where these two major longterm trends finally stumble into eachother, to enter a short highway to depression and conflict.
It already passed on several places in the world. You just have to realize when you are watching the news, that it is showing you the consequences of it.
Your goal is to be able to buy the same value you produced and saved.
In order to achieve it, it's gonna need more than blind belief of any claims and careless buying.
Because this easy way deadstops at a traffic sign, and it says 'Loser'.
^^^ Roman soldiers also got paid in salt I believe, thats where the word salary comes from.
