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Malevolent Conversationalist
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 Posted: Wed Jul 08, 2015 6:09 pm
As the US of A's real Economy inches toward another recession... I reflect on the fact that posting in this forum will award me 13,700 gold! rofl That's one Broken Economy Gaia!
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Posted: Wed Jul 08, 2015 6:18 pm
that's jaw-dropping!
That's some interesting inflation there. My suggestion would be to split up the money to different currencies so if one section tanks, the rest is still ok -kind of like the rest of the world and different currencies and gdp biggrin ...
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Malevolent Conversationalist
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Posted: Wed Jul 08, 2015 6:46 pm
Does this mean we are having the same problem as greece? Or the opposite problem?
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Posted: Wed Jul 08, 2015 6:56 pm
to me it looks like inflation. Or a collapse.
I read a while back that when you get a mortgage, they turn around and sell it as a security. It all works out if someone's paying monthly since no one's going to wait 30 years to get all the money owed.
Now when people stop paying, those securities tank cause their worth isn't backed by people paying back the debt. (or think debt collectors) So whoever's using those securities like some type of equity no longer has equity and whatever they borrowed based on that equity suddenly doesn't seem payable. That equity I'd assume is daisy chained to other financial obligations (huge sums of cash no one's waiting years to collect so they sell the promise of repayment)
basically that's when someone's staring at a default and a lot of people are going to watch their savings get eaten up by inflation.
*my 2 million dollar retirement fund can't get me a cheezeburger* D:
But I'm just guessing this is what happens. I'm probably very wrong since I'm just taking from articles and the economics class I took years back.
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Malevolent Conversationalist
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Posted: Wed Jul 08, 2015 7:25 pm
We need our resident accountant Shadow of Malus weigh in here, but it sounds bad regardless...couldn't they just...reset the treasury?
I mean the gold is digital and its only shot up because so many people are using REAL monies for cash items that in turn appreciate (depreciate) at ridiculous rates, because exactly how many digital gold coins make $0.01 for crying out loud?
It sounds like something they should have prepared for anyway...
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Posted: Wed Jul 08, 2015 8:18 pm
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Wistful Conversationalist
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Posted: Fri Jul 10, 2015 4:39 pm
KiraFaithful We need our resident accountant Shadow of Malus weigh in here, but it sounds bad regardless...couldn't they just...reset the treasury? I mean the gold is digital and its only shot up because so many people are using REAL monies for cash items that in turn appreciate (depreciate) at ridiculous rates, because exactly how many digital gold coins make $0.01 for crying out loud? It sounds like something they should have prepared for anyway... Isn't sad that I know how much gaia gold is compared to cash? here it is....50,000,000g to 1 GC.
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Posted: Sat Jul 11, 2015 9:32 am
Wow! Your dedicated Alma! Now 1 GC is roughly equivalent to one cent ($0.01) right? 50 MIllion!!!? Holy crow so ten dollars worth is... eek I'm done.
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Malevolent Conversationalist
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Wistful Conversationalist
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Posted: Sat Jul 11, 2015 2:31 pm
Aw not to dedicated the market place as the estimate but yeah I'd say at most it should be a ten million or something for one but no we've gone to far.
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