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RE: The Return of Inflation
The Swiss voted against the Universal basic income. It will be interesting to find out how the swedish experiment worked. It is just ending now.
No, I was not talking about a univeral income.
It’s not hair either. I don’t think poor people are more hairy than the rich.
Here’s another clue: The poorest 50% have a lot (as a percentage of their net wealth), the next 40% have a little, the richest 10% have a lot as an absolute number. The poor wish they could get rid of it, the rich would like to use more of it to further enrich themselves. The middle 40% advise against having any.
DEBT
Bingo!
Are you suggesting a DEBT jubilee?
Definitely not a debt jubilee. Then we would have losers. You watch when it happens. The world will dance for joy.
I'm already dancing for joy.. in my living room.. with my daughter.. to "video killed the radio star".
But no losers? There's always losers. What makes this time different?
Here is another clue:
2026: Latest Prices:
Microsoft nUSD 66.76
Apple nUSD 1742.77
Ford nUSD 59.46
Gold nUSD 4’349.42 (USD 6’764.54 in London)
Crude oil nUSD 231.76 (USD 345.65 in Dubai)
nUSD/nGBP 1.4523
nEUR/nUSD 1.1856
nUSD/nJPY 114.34
nUSD/USD 1.4980
You will dance to “nUSD killed my credit card”
Is this a clue that you are from the future?
If so I will take a screenshot just in case.
I'm guessing to get around the triffin dilemna.
LOL time-machines are such fun. The only problem with time-machines is that every time you go back, the future is changed, and not like how you left it. They are therefore not much use in predicting share prices or the winner of the next horse race.
The exchange rate being slightly off when you compare the cross-rate is simply due to future restrictions on large movements of capital. You can have 3 exchange rates for the same thing, one in New York, one in London, and the third in Dubai. In such circumstances, arbitrage is not allowed.