its not bankrupt

its just debt loaded

expect Toyota stocks to plummet.

@Jorgen Johnson should a newbie study endgame or openings first?

@meglide We don't know what the govt. is. We have been operating a virtual reality economy for 85 years using mechanical models developed in the 1800's.

@ImNotGas That depends on if you think forwards or backwards when you analyze.

if that means we've been playing with Monopoly money, then I agree https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

If you are going to be good at the game, then you are going to have to be able to cram it til it showsup inyour dreams.

I think at my ELO my openings are sufficient

i have some issues calculating trades, and wrapping up endgames

yeah i've had chess dreams already

I've been using the kings indian usually

@meglide No. Not monopoly money. We are playing with electronic credits like in Eve Online, or Star Trek Online, or any other virtual reality game. Monopoly is still thinking in the mechanics of the 1800's.

fiat is fiat, doesnt matter if its on paper or on a computer

@ImNotGas, you just advanced to level 5!

yes but I'm an old guy and in Monopoly it says in the rules if the banker runs out of money he or she just needs to print more

I prefer Napoleonic openings. And knights are worth less than bishops because you cannot checkmate with just a knight and a king.

@Whithers yeah like knowing what to trade for what is fine, but i'm still a little slow in the analysis on like waht lanes i'll open up or what counterattacks ill trap myself in

@meglide That ignores the connection between currency and production. There is a connection. And it is possible that our debt problem is not caused by debt, but by failing to accurately assess the value of production. By always pushing to the law of the minimum pay out, we short both the hired and the tax revenue.

Napoleonic openings make you queen to vulnerable right at the beginning especially if the opponent catches on to what you are doing

i like the french defense but that napoleonic opening looks like it would just delay your development

Yeah, I still like using Napolean or Napolean reversed.

have u used the fried liver attack?

its gimmicky like that but still lets you develop normally if it doesnt work out

a fiat currency is fiat precisely to break the connection between currency and production, that is its purpose

Napoleon is dropping tempo to the foe in order to create exchange traps.

@meglide Neither possible nor desirable. Currency always works as a unit of value in exchange for
production.

?

thats the point of FIAT currency and keynesian economics

you get more productivity for nothing

Understand. And the other pt to Keynes - no one would use what he was saying correctly because it allowed too much abuse on the "free part" from govt.

well the problem arises when the maker of the fiat currency floods the market with new, freshly created (out of thin air) currency and thus devaluing the currency and artificially increasing the cost of production either through increase asset prices or increased commodity prices or both

but they did that with papermoney too

they can put any number on a bond

and give it to a bank

Gold standard anyone?

wont happen

ship has sailed

though i would still recommend having a bit of precious metals

i made a tidy profit with covid and the riots

I suspect that the problem arises from inaccurately assessing three values: 1) the value of available material assets for production, 2) the value of man hours available for production, and 3) the value of non-productive economic dependents which need purchasing power available (stay at home spouse, children, disabled, retirees). Ass these and cap the total currency in the market based on that assessment. Then leave the exchange open to allow necessary latitude for entrepreneurial activity.