That's called inflation @James Rimor
More money = each single piece is worth less
not that i'm mad if your serious
Ye I know it's artificial inflation
but are you serious before I put effort in here
High inflation can be beneficial in certain times
^ to stop stagnation
Okay I just realised how stupid the thing I asked was when I remembered venezuela 😂😂
But the problem is, it fucked over people who are saving money.
nah, dw, no stupid questions
yeah, sometimes people saving money is stupid
Sadly
because when money stops moving the seats get taken in the ever going game of musical chairs
Well isn't people hording money what caused such a big recession?
no
the problem was all they bet more money than we had in the system
imagine everyone in the world bets £1m
and how much that would actually be in real money
same thing
but it was banks
so when it went to shit, everything went to shit
and money stopped moving
Ahhh I thought it was because people weren't spending the money in shopsand stuff which was causing money to stop moving
Due to the uncertainty over the pound
no, that was a lower level problem
That would only be an issue on large scale
oh wait, what are we talking about here
Such as those hoarding billions.
the banking crisis or current things?
@Weez anyone with more than a few hundred grand don't really have that money
Okay so what caused the banking crisis?
what I just said
Well, true tbh
Oh I see banks gave out too much
banks had more bets than they had money
and the amount of bets overall were more than anyone had
Ohhh okay
so imagine we have a world with $100 in cash capital in circulation
and we have the current level of population
to simplify
