i type too fast sometimes

@Deleted User answer 2

This may take a while @Deleted User

Foreign currency and how it works? In a nutshell it’s just paper people ascribe value to. It’s really backed up by manpower, natural resources, exports and other such things. The more of the aforementioned shit you have, the more your currency is worth.

ok

thanks for missing the mark dunmy

dummy

Thanks for making the mark impossible to find due to shit English skills

cri cri

@Deleted User So basically, everyone is employed by the state, and work for how much they produce. So for example, one farmer has a job as a cow-milker. He has 15 cows, and his minimum quota is 5 buckets of milk (1 cow = 1 bucket). Once he has milked the five, he sends the milk to the state, and in turn, is rewarded with food and luxury tickets. He can get more luxury tickets by filling more buckets with milk, thereby overproducing. He can then use these tickets he received from the state to upgrade his food taste, or consumerabe luxuries.

i suggest you take a basic economic course @Deleted User

I have a masters in economics

ofc

Chicago School

lol

tyvm

ok m8

you still couldn't explain why a shortage of foreign currency is bad for a government

or a countries economy for that matter

The currency (luxury tickets) is completely regulated and only owned by the state. Because all business is also operated and owned by the state, the luxury tickets deposited by citizens will be sent back to the state, thereby having no need for tax

The USD is the only important currency though lmao

By having complete regulation over this currency and over all business, the state has complete control over the currency

And no one can manipulate money, simply to exploit others for more.

Who gives a fuck about ruble or the roopie or whatever you have in Pakistan

Abolition of class systems

still triggered amerikkan?

join the kkk brotha @Deleted User

Has anyone fucking read what I've said

I’m just saying your point abkut foreign currency is shit

hang em high

yes i have @Borzo

You understand the currency of socialism, then?

The only foreign currency that’s matters to anyone are American greenbacks

lol

this dood

China is just now trying to push the yuan into relevancy

i'm cringing

When labor value is turned into materialistic currency, it completes the trade of luxury

Therefore, the harder you work, the more you produce, the more luxuries you will receive

And the state is a centralised monopoly

@Deleted User now i know for sure