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You can't accept the 'fuss' - it's your right, but mind the fact that in my speculations I used official figures of the US governent and you ignored everything I wrote about interests.

I'm also ok with the electronic funds. So, are you saying that a country's debt denominated in USDs is effectively an instance of the USD (in either format)?[/quote]

Sometimes I get the feeling...

Umm, I feel totally confused right now. My understanding is that you tried to estimate the amount of the printed USDs based on the global debt (denominated in USDs) as follows:[/quote]

I wasn't...

You're speaking about nominating liabilities in US dollars, but I was speaking about commodities. About import and export. There are really huge turnovers and the contracts ARE executed in US...

Oh, all right. :D



Yep, I did point it out.



I still think that the 'official figures' do not match the reality.

OK. It's very hard to estimate the world's money supply in dollars, but I estimate it is no less than $50 trillion (since the external debt of any country according to WCF is denominated in US...

Ramil, I stumbled upon an article: http://www.1-sovetnik.com/articles/article-709.html
Is that what had influenced your thinking? :tease:[/quote]

This article simply repeats the obvious. There...

When I was talking about gold I was talking about something more real than paper that's all. Even considering all the disadvantages of the gold standard I'm still thinking that it is still better...

Ha-ha, that's funny. So, you're saying that gold mines are equally distributed across the world? In reality, some countries would be able to issue their gold money for cheaper than the others. And...

Are you joking or practicing sophistry?



The main point of gold is that it isn't bound to GDP of any particular country. Yes, in times of trouble you can't buy very much for gold but gold is...

I would.[/quote]
Great! What would you do with those golden coins? (After you spent the X of your golden coins to pay a goldsmith to forge a nice golden ring off the Y of your coins.)[/quote]
...

It is. So, would you prefer to get your pay in golden coins?[/quote]

I would.

The president is appointed and then he's told who's going to sit in the Federal Reserve Board. I don't contradict myself. It is indeed a puppet theater. Formalities must be observer or the cattle...

Yeah, but the demand for money remains high and printing more money is justified this way. Sooner or later the conflict would end and something would have to be done to restore things that had been...

Unlikely. How about the OPEC?[/quote]

OPEC are mere oil suppliers. They cannot blackmail the world. Even if they stop selling their oil (which they can't since there's much more involved than...

I agree with that statement when you speak about the local capitalistic governments. That's obvious. But what about the other local governments? For example, could you really say Stalin was a...

Ok, just be patient with me with my stupid questions. :oops: What do you consider the "top" or the "world" government? Wouldn't that be something like G8?[/quote]

No, the top government are those...

Yes, I remember we spoke about it. So, would you also support anything that leads to collapsing of the current local governments? (Just for the consistency reasons. Think globally - act...

Cool!! Replaced with WHAT though? And (also very important) HOW? :roll:[/quote]

We've already covered that in one of our discussions, as you remember. I dream of the world free of governments and...

Economics can be considered a science of resource distribution. Efficient distribution. The resources are: food, air, water, energy, etc. In our world the distribution is extremely inefficient which...

It has. For a very limited number of people. :D

Or so the capitalists say :D
Aside from that, people in the capitalist countries have little or no freedom at all. Even the private property is burdened with interest. And more likely, your property...

Well, read Marx first :lol:
Let me describe communism the way I understand it in a more 'personal' way. (I repeat - communism is an utopia and one should regard it as such).
1. Freedom - you're...

According to Lenin, Socialism is a transitional phase between capitalism and communism. USSR was socialistic state. Yes, it means we had socialism and we were in the process of 'building' communism...

Communism as a political and economical system is great! It ensures harmonious development of the society and individuals. Communism (unlike communists) eliminates classes, any kind of inequality,...