165500+ entries in 0.093s
r0nin-: there is no
time value of money
r0nin-: germans understood in 19th century
that labor creates wealth not staring at gold coins all day
r0nin-: usury as
the source of value in
the economy
mircea_popescu: and
the reason british empire was dying already by
the
time hitler cut its head off was
that
the brits in
their idiocy wanted all
the various policies in india etc
to be set from london.
r0nin-: what sunk
them was free
trade
mircea_popescu: but
the ~reason~ for it is very much found in 1600s
trade policy.
the dutch had open
trade,
the english wanted all
trade
to go
through london.
their centralist, counterproductive approach is what sunk
them.
they kept getting freebies, such as when
the dutch moved over under wilhelm
to become "english", but by and large uk is a
thrown rock. it goes down.
r0nin-: my original point was you are wrong on
trade deficits
r0nin-: even
the cuisine is shit
mircea_popescu: the decline has nothing
to do with
that. uk has been on a decline path since indeed, 1800s, and will continue
to decline. and because
their women are ugly,
there's no italian parachute under
their ass either. wales is a fine example of where england ends up.
r0nin-: hence
the pound
tanking
r0nin-: UK leaving
the EU will lead
to a dramatic decline in
the standard of living for everyone
there, since
they will no longer be subsidized with goods from europe
mircea_popescu: they still do. for all
that poverty,
they actually got
the 4th reich going over
there.
r0nin-: because as you correctly pointed out earlier,
they dont protect
their industries
r0nin-: britian dragged
the dumb german kaiser into WW1 because
the german industrial base had surpassed anything england could have imagined and he began building a navy
mircea_popescu: well,
they misjudged hitler and he frucked
them.
this was ~common at
the
time.
r0nin-: consequences
to which we are living in
today
r0nin-: because
the british empire
that you so praise was nothing more
than a common understanding of 2 groups
r0nin-: churchhills family was indebted for
the last 120 years
r0nin-: this is one of
the best books about england at
the
time you are referencing
r0nin-: churchhill was so broke he literally sent family members
to america
to beg for money for appearances sake
mircea_popescu: was doing a fuckload better before
the introduction of
the
telegraph empowered
the englishtarded concentration of administration. somehow
they newver learned anything out of
the america defeat.
r0nin-: hence all
the villas littered on
the countryside
r0nin-: no it wasnt. all
the aristocrats were completely broke from jewish loans
taken out in
the 19th century in order
to pretend
they are like
the romans
mircea_popescu: even 1960s soviets had better houses. how about
that for "Shelves".
r0nin-: but it was always a shithole
throughout
the last 500 years.
r0nin-: well i agree
the place is miserable
mircea_popescu: worst fucking shithole in all of europe, as far as
that's concerned.
mircea_popescu: countries run by 12 year old girls, and
then
they wonder why a)
there's no further demand for white males and b)
the cuckening.
r0nin-: mircea:
the UK does not have a shortage of goods on shelves for plebs
to buy. it may have problems with income distribution.
r0nin-: italians understood
this best with 5000euro purses.
r0nin-: the entire premise of a country is
to minimize costs and maximize gains, so send as little as possible while importing as much as possible
mircea_popescu: because in any disagreement of oppinion, he with
the
trade balance wins.
mircea_popescu: r0nin- and my slavegirls eat more
than
they shit.
this makes
their ass mine. not
the other fucking way around
mircea_popescu: r0nin- china doesn't pay fucking
taxes
to
the uk. you'll
take it back in exchange for fucking gibraltar is what you'll do.
r0nin-: mircea:
the UK imports way more goods/services from
the world
then it 'exports
mircea_popescu: dja understand
this ?
the "not household" household of uk just sold its wedding ring and buttplug.
r0nin-: its entirely based on
the issuers promise
to
take it back from you in payment of
taxes
mircea_popescu: this leaves you with
the unbacked currency, and it becomes more and more unbacked as
the
trade deficit progresses.
r0nin-: lol what goods is
the Uk exporting?
r0nin-: in
the case of
the Uk and US you are
mircea_popescu: ok. so
then : when you run a
trade deficit, you are NOT exporting currency and importing goods..
r0nin-: thats why all
the
tards got it
totally wrong with
the 'dollar collapse'
mircea_popescu: let's
try and get some basics welded down. do you understand "inflation" is
the phenomenon of mismatched currency and goods ?
r0nin-: prices go up,
the economy requires more money
to pay it, and its a cycle
r0nin-: money printing occurs AFTER
the inflation started, not before it.
mircea_popescu: this is high art on
the level of
the holy
tonsilectomy.
r0nin-: every single assclown brings up zimbabwe or weimer as
their lame example of 'hyperinflation' without every understanding what happened
there
mircea_popescu: r0nin- stop fucking
typing
three words
to
the line. what are you, some kind of idiot ?
mircea_popescu: r0nin- look,
this "deductively emplaced" government you keep
thinking of doesn't exist irl.
r0nin-: the government provides
the financial instrument
the private sector saves in.
mircea_popescu: it's fucking magic, he read it in
the polish version of
the new york
times.
THINK ABOUT IT!!!!
r0nin-: they are sending
them actual goods/services
r0nin-: UK runs a
trade deficit with
the EU
that means EU is 'working' for
the UK
r0nin-: budget deficits add new money
to
the economy
mircea_popescu: r0nin- i dun
think you're qualified
to discuss
these matters.
trinque: r0nin-: you've repeated
that
twice now, as
though quoting your bible.
r0nin-: or else
the economy contracts
r0nin-: if you have a
trade deficit
the governmetn has
to run a budget deficit
mircea_popescu: it literally is
the capital of a large, bn-strong spanish gypo world.
trinque: mircea_popescu:
they wanna suck
the
tip of US cock?
mircea_popescu: it's incredible,
that place,
the official capitol of
the spanish main, every monkey from argentina
to panama worships miami.
☟︎ r0nin-: the point is
the US sends dollars which
the world saves in
mircea_popescu: lmao. why is it
that
the orcs always end up in miami ?
r0nin-: they export
their surplus value
trinque: r0nin-: come over; I'll
take you on a
tour
r0nin-: but you go
to germany and everyones in old ass shit
r0nin-: tahts why you go
to US and see everyone in new BMWs
mircea_popescu: you are very naive ; moreover very impudent
to go with it.
mircea_popescu: this notion
that what you're exporting in a
trade deficit situation is "the pound", ie, bezzle, is false. what you're exporting is always
the value, bezzle always stays at home.
r0nin-: the UK has no industrial base becuase
they didnt care about it
r0nin-: the UK has a higher standard of living becuase of
the
trade deficit
the same way
the US does
mircea_popescu: of course
they did.
that's why uk has no further industrial base, cuz
they did.
r0nin-: yea but
the products didnt
mircea_popescu: so what if it got all
the aztec gold, if all of it ended up with
the dutch.
r0nin-: whats it
the COST
to produce a pound?
mircea_popescu: it's not
that it has it. it's
that it went from "empire"
to "minor province"
through maintaining a
trade deficit. EXACTLY in
the manner spain went from world's empire
to minor province,
two centuries earlier,
through maintaining a
trade deficit.
r0nin-: so
the countries
that run a
trade surplus with
the UK
r0nin-: they pay for
their
trade deficit with
their own currency
r0nin-: that means more products enter
then leave
r0nin-: look UK has a
trade deficit.
mircea_popescu: understand
this ? at first
there's 100 pounds of goods and 100 pounds sterling.
then
the uktards want
to live above
their means, so some bezzle is printed up, say a further 20 sterling.
then
the
trade deficit starts, and in
the next step
there's 80 pounds worth of goods and 100 pounds sterling in
the country. discounting
the pound sterling from
the original 1
to .8.
r0nin-: wahts
the cost
to produce EU products? a fucking lot.
r0nin-: whats
the cost
to produce GBP?
r0nin-: no
the value is not seeping out of
the country
mircea_popescu: mno.
the uk adds money
to compensate for
THE VALUE seeping out of
the country.
r0nin-: if
they dont run it
the economy contracts
r0nin-: the Uk has
to run a budget deficit
to add
the money
that is seeping out of
the country