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Impending Global Economic Collapse

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androbot2084
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19 Jun 2012, 5:17 pm

When the economic system collapses people will work for free.



JWC
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19 Jun 2012, 5:18 pm

androbot2084 wrote:
When the economic system collapses people will work for free.


I won't.



androbot2084
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19 Jun 2012, 5:20 pm

Why not work for free if you can get all of your goods and services for free also?



LKL
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19 Jun 2012, 5:49 pm

JWC, this is the US price for oil from your link, adjusted for inflation:
Image
Again, this is not the course of a product in surplus. As far as the price of oil vs. gold, that is meaningless since gold is in a bubble and will be until the economy settles down.



JWC
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19 Jun 2012, 7:21 pm

androbot2084 wrote:
Why not work for free if you can get all of your goods and services for free also?


Why would I work if I can get all of my goods and services for free?



slave
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19 Jun 2012, 7:52 pm

androbot2084 wrote:
When the economic system collapses people will work for free.


When the economic system collapses people will work for....FOOD.

Fixed it for ya.



slave
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19 Jun 2012, 7:54 pm

BTFW.........this thread has been hijacked and turned into a Peak Oil debate.

This thread is NOT about Peak Oil. :!:



JWC
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19 Jun 2012, 8:05 pm

LKL wrote:
JWC, this is the US price for oil from your link, adjusted for inflation:
Image
Again, this is not the course of a product in surplus. As far as the price of oil vs. gold, that is meaningless since gold is in a bubble and will be until the economy settles down.


Notice how the # of barrels of oil that can can be purchased for 1 oz. of gold has remained relatively stable. This demonstrates that the actual value of oil has changed very little, only the amount of currency needed to equal that value has increased. (I know, that means that the 2 graphs seem to be contradictory.) If you read the article it states:

Quote:
We could look at the inflation adjusted price of Gold but that requires that we rely on the government stated inflation index.


Taking that statement into account, I think the oil vs. gold comparison tells us more about reality than the inflation adjusted data.

Also, keep in mind that the classification of oil reserves as proven or unproven tends to skew the presentation of the data.



ruveyn
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19 Jun 2012, 9:21 pm

androbot2084 wrote:
Why not work for free if you can get all of your goods and services for free also?


A person needs the goods and services of hundreds of vendors. A worker can only work for one or a few. How will he get all that he needs without a money economy.

ruveyn



androbot2084
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19 Jun 2012, 10:46 pm

The free worker will have access to the goods and services of hundreds of vendors but will not have to work for any of them directly.



LKL
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20 Jun 2012, 12:21 am

JWC wrote:
Notice how the # of barrels of oil that can can be purchased for 1 oz. of gold has remained relatively stable. This demonstrates that the actual value of oil has changed very little, only the amount of currency needed to equal that value has increased. (I know, that means that the 2 graphs seem to be contradictory.) If you read the article it states:

Quote:
We could look at the inflation adjusted price of Gold but that requires that we rely on the government stated inflation index.


Taking that statement into account, I think the oil vs. gold comparison tells us more about reality than the inflation adjusted data.

Also, keep in mind that the classification of oil reserves as proven or unproven tends to skew the presentation of the data.

:roll:
It means that, as the population has exploded and especially as the economy has collapsed, demand for finite resources with some real-world value, like gold and oil (does the term "black gold" ring a bell?) have exploded at the same time.
Image



CSBurks
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20 Jun 2012, 9:10 pm

androbot2084 wrote:
The free worker will have access to the goods and services of hundreds of vendors but will not have to work for any of them directly.


Without money, how does society get rid of double coincidence of wants?

How does society have division of labour without money?



androbot2084
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20 Jun 2012, 10:58 pm

Without money everything is plentiful because it does not pay to make things scarce.



DC
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21 Jun 2012, 6:30 am

slave wrote:
androbot2084 wrote:
When the economic system collapses people will work for free.


When the economic system collapses people will work for....FOOD.

Fixed it for ya.


So like Britain then where in the middle of a worse depression than the great depression, our dear leaders decided to force the unemployed into slavery to shore up the results of multi-nationals and give the directors an average 49% pay rise this year?



JWC
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21 Jun 2012, 9:07 am

androbot2084 wrote:
Without money nothing is plentiful because it does not pay to make things.


FIFY



Sweetleaf
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21 Jun 2012, 9:13 am

CSBurks wrote:
androbot2084 wrote:
The free worker will have access to the goods and services of hundreds of vendors but will not have to work for any of them directly.


Without money, how does society get rid of double coincidence of wants?

How does society have division of labour without money?


I think the idea of such a society is there is no need for money...its kind of hard how to explain how that would work, and it would probably not work with the mindset the majority of people seem to have. But the whole point would be there is no need for money, and people would want to contribute because it's in their best intrest...otherwise everything goes to sh*t. But of course with capitalism people are more focused on contributing because they get a direct reward or the illusion of a direct reward. It certainly wouldn't be capitalism.


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