EU referendum, brexit and the aftermath

Had a wee look on Femis twitter can't find euro tweet :)

I meant this one re: Sunak

https://twitter.com/Femi_Sorry/status/1330511787712794624?s=19

Tx!

On a lighter note...

https://attitude.co.uk/article/adult-toy-prices-to-soar-because-of-brexit-company-warns/24072/

There's s docu called "the spiders web" on YouTube about city of London and it's workings, not happy viewing.

I'll check that out, ta.

My current feeling is it's all a massive house of cards / confidence based thing. This suggests a fragility that concerns me, as do the inequalities created in the clamour for wealth, & the endless need for short term resource exploitation to keep the system going at seemingly any planetary cost.

Anyway, I'll take myself over to the tin foil hat thread...

If that's your tin foil hat it fits me too :)

[Fistbump.jpg]

#togetherwecanfightthe5glaserpoweredlizardpeople

My current feeling is it's all a massive house of cards / confidence based thing

Fiat currencies always are. It's a house of cards propped up by optimism and collective self-delusion. Seems to work though, so fuck it. Unless you're advocating a return to the gold-standard, or making seashells or (DNA hat-tip) leaves legal tender there are remarkably few alternative workable options. Other than barter, which is kinda clunky on any sensible scale.

Seems to work though

Does it though, really?

I don't have any solutions, but the path our leaders are dragging us down isn't a good one imo.

Feel free to suggest a workable alternative.

Feel free to suggest a workable alternative.

Feel free to try convincing me it actually works, and that it'll continue to work in the direction the world is heading.

As I replied before:

I don't have any solutions.

This doesn't mean I can't voice my concern that there may well be a problem.

Amazing.

https://twitter.com/joncstone/status/1330781077875646464?s=21

Feel free to try convincing me it actually works

OK. Go to a shop. Try and buy something with money. If they give you the thing in return for the money, then the currency is evidently working as intended as a universal medium of exchange.

This doesn't mean I can't voice my concern that there may well be a problem.

Indeed. But saying that a given system isn't perfect isn't a particularly productive use of bandwidth unless you have a genuine alternative. Besides, your comment that 'the path our leaders are dragging us down isn't a good one imo', while I'd agree with it entirely, does seem to be conflating the use of a fiat currency with political policies on the economy generally.

I'd argue that seashells and leaves are close enough to fiat as makes no difference (from a functional perspective, at least), and that with barter, you're only a step away from the same.

I suppose you could argue for one of them fangled cryptocurrencies, but then you're looking at pretty much the same thing, just without any sort of regulation (until a single entity ends ups controlling the lot to their own benefit).

They really are a bunch of thick, hypocritical twats.

I suppose you could argue for one of them fangled cryptocurrencies, but then you're looking at pretty much the same thing, just without any sort of regulation (until a single entity ends ups controlling the lot to their own benefit).

Gonna go out on a limb here and say that you don't fully understand crypto currency.

How so?

There were many reasons to leave the gold standard, my problem is more the gaming by banks/big companies/credit rating firms, a currency with more democratic control would be dreamy.

(u ok hun and all that) :)

We watched it and my partner: That doesn't even MEAN anything what he says there

They must be learning all sorts of tricks to ensure people don't think further than binary choices... I mean, why give yourself another problem on top of covid?

Of course nothing in his phrasing suggest that is what is going on.

At least Javid had the guts to not be a total yesman (he's still a Tory brexiter of course)

How so?

Single entity controlling everything, is basically the design antithesis of the crypto currency model.

Gonna go out on a limb here and say that you don't fully understand unregulated markets.

With a slightly less patronising tone - with little to no regulation, the likelihood of a single entity hoovering up a sufficient volume of currency, such that they control the market, is not insignificant, and less so over time.

That’s what they want you to think.

Who's talking about unregulated markets?

Gonna go out on a limb here and say that you don't fully understand crypto currency.

And without the needless patronising snark - I'm mooting a crypto alternative to fiat.Which would be, and maybe I'm reaching here, unregulated. Because single entity control is antithetical to concept of crypto.

Thanks for the edit, now I see what you were talking about.

I have to say that I don't see how / why crypto currency enables the inequality that you are describing, any more or less than fiat? Rich people hold a lot of currency. True dat.

I thought you were worried that a lack of (presumably) nation state regulation of crypto currency legitamacy could lead to fraud, in the favour of a single "controlling" actor.

Apologies as well for patronising snark. I didn't mean any harm.