Impending Global Economic Collapse

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androbot2084
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21 Jun 2012, 3:31 pm

When the economy totally collapses people will have to find a way to make a moneyless system work. And a moneyless system will work just fine until people stop believing in it.

YippySkippy
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21 Jun 2012, 10:50 pm

A moneyless system will work until I learn to make pretty beads and exchange them for goods. When people see how pretty my beads are, and how small and convienient they are for bartering, everyone will start making and exchanging beads. Oops, we just re-invented money.

androbot2084
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21 Jun 2012, 11:08 pm

A moneyless system is where you give and expect nothing in return.

ruveyn
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21 Jun 2012, 11:23 pm

androbot2084 wrote:

A moneyless system is where you give and expect nothing in return.

Such a system could not work. When people perform labor they expect compensation for their efforts. In the case of volunteer work, the compensation is not monetary but there must be some good in exchange for the labor.

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WhiteWidow
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21 Jun 2012, 11:25 pm

[youtube]http://www.youtube.com/watch?v=uPREuFcYKmM[/youtube]

Sweetleaf
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21 Jun 2012, 11:31 pm

ruveyn wrote:

androbot2084 wrote:

A moneyless system is where you give and expect nothing in return.

Why does the compensation have to be monetary.

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androbot2084
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21 Jun 2012, 11:35 pm

But if all your needs were met why would you expect compensation for your labor?

Quantum_Immortal
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22 Jun 2012, 8:31 am

The Ripple monetary system

http://ripple-project.org/

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WhiteWidow
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22 Jun 2012, 10:03 am

Quantum_Immortal wrote:

The Ripple monetary system

http://ripple-project.org/

This makes no sense, everyone is still owing everyone something except no assets are being exchanged to represent the actual value of the transactions.

Sweetleaf
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22 Jun 2012, 10:11 am

androbot2084 wrote:

A moneyless system is where you give and expect nothing in return.

Nope that is not what I had in mind when it comes to moneyless system, there would be things in return just not money. What one gets in return is the means to live a comfortable life, obviously if no one contributes things would go to sh*t and people would not have thins provided. But then one would have to figure out how to divide up the resources, without using a currency.

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ruveyn
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22 Jun 2012, 11:33 am

Sweetleaf wrote:

ruveyn wrote:

androbot2084 wrote:

A moneyless system is where you give and expect nothing in return.

Why does the compensation have to be monetary.

It doesn't. One can give goods for labor or labor for labor. But money is the most general trade medium. With money a worker can buy all the things he needs. And not all workers want or need the same thing. The reason why money replaced barter is its generality.

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Quantum_Immortal
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22 Jun 2012, 11:37 am

WhiteWidow wrote:

Quantum_Immortal wrote:

The Ripple monetary system

http://ripple-project.org/

This makes no sense, everyone is still owing everyone something except no assets are being exchanged to represent the actual value of the transactions.

This is how the banking system works. Its everything on trust. In the banking system, if all debt was repaid, they will be 0 money left. Money, is really just debt to some one else.

In this system, every individual acts like a bank.

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ruveyn
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22 Jun 2012, 11:39 am

Quantum_Immortal wrote:

WhiteWidow wrote:

Quantum_Immortal wrote:

The Ripple monetary system

http://ripple-project.org/

This makes no sense, everyone is still owing everyone something except no assets are being exchanged to represent the actual value of the transactions.

Specie money (gold, sliver and such) is solid material that is durable and scarce.

ruveyn

Sweetleaf
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22 Jun 2012, 11:44 am

ruveyn wrote:

Sweetleaf wrote:

ruveyn wrote:

androbot2084 wrote:

A moneyless system is where you give and expect nothing in return.

Why does the compensation have to be monetary.

Yes I am well aware of that...for there to be a system with no money lots of changes to society in general would have to be made. Also if society was changed that way and such a society was created I don't see why that would indicate all workers want or need the same things I never said anything like that now did I.

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Quantum_Immortal
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22 Jun 2012, 12:40 pm

ruveyn wrote:

Quantum_Immortal wrote:

WhiteWidow wrote:

Quantum_Immortal wrote:

The Ripple monetary system

http://ripple-project.org/

This makes no sense, everyone is still owing everyone something except no assets are being exchanged to represent the actual value of the transactions.

Specie money (gold, sliver and such) is solid material that is durable and scarce.

ruveyn

In ripple, you basically print money your self. Your credit depends on how much people around you trust you. You chose witch people you give a credit line, and by how much.

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CSBurks
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22 Jun 2012, 6:06 pm

androbot2084 wrote:

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

You don't need money for things to be scare; they are scarce by nature.

Scarce mean that there is more desired than there is available. Therefore, society needs a system to allocate resources.

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