Message from @futurestorms
Discord ID: 362869541396807680
i mean 25 cents rn
It wouldn't be a bad thing because the dollar wouldn't have become massively devalued.
fiat currency is only as valuable as the value that people give it. Very very few corporations out of the total corporations are truly enjoying the 'get rich scheme' of the current economy
The dollar would in fact have stiill been worth so much more than it is today
should a wage increase be mandated, it would only just raise the cost of labor, and as such the resulting product will cost more
thats what they would pay you, infact we see what corporatiions do when not watched by gov, look at chine apple factories, they literally put suicide nets so that the workers dont kill themselves coz of shitty working conditions
the USD as it is worth today is only worth 5 cents of what it was worth in 1905
Yeah, that's what they would pay us because the dollar would be worth that
It wouldn't have been, b/c inflation is a direct result of economic growth
corporations are a government invention lmao
thats what they would pay you, infact we see what corporatiions do when not watched by gov, look at chine apple factories, they literally put suicide nets so that the workers dont kill themselves coz of shitty working conditions ,@Extra Crispy thats what it would be here if not for the new deal
what makes you think the government would do their job better
The currency is devalued tremendously compared to what it used to be.
FDR was the one who started the inflation of the currency by forcibly confiscating private gold
if not for socialist movements that forced the new deal
Hey, your currency didn't competely lose value 3 times in the 20th century.
then Richard Nixon made the biggest mistake of all time and took us off the gold standard.
True, and our currency isn't so devalued that an American could be a millionaire there(like Zimbabwe)
Yeah, he did it on purpose to fuck the value of the dollar up.
deflation would be the direct result of economic growth
This is getting conspiracey.
Even at the absolute worst period of the Great Depression, where the economy was at its worst, the dollar was worth more then than it is now.
good to see no one could retort this statement "infact we see what corporatiions do when not watched by gov, look at chine apple factories, they literally put suicide nets so that the workers dont kill themselves coz of shitty working conditions ,@Extra Crispy thats what it would be here if not for the new deal
for example, if you based the economy of a whole society off a brick of gold, and printed more and more cash that represented that gold, those bills would only represent an increasingly smaller amount of that gold as it increases in value
@Extra Crispy read on it, deflation means stagnation
gg nice chat boys
The irony being that the Chinese companies are watched by the government, who simply don't care enough to implement safety protocols
deflation increases the purchasing power of the currency
I mean, when human lives are just assets of the state, when one dies, you just replace him with another one
a dollar as it is worth today is worth barely a fraction of what it was worth even 100 years ago
@Blood well, you didn't retort my explaination about Nazi Germany's de-facto socialism either 😉
Correction.
Because you can't refute the truth
@Clonemasterâ„¢ 6.41 it was so socialist it was a right wing dictatorship
That doesn't make any sense
They are bribed by officials in the communist party who have connections to these businesses and stand to make lots of money from them.
>it was so socialist