When hyperinflation happens the fiat money becomes valueless. We see this possibility now even for the dollar, especially after the pandemic. The question is how will people leave if money becomes valueless? The answer, of course, will be the way they used to leave before money was invented. Life will not necessarily end with the end of money, if human being get prudent enough, and if he begines thinking about this, early enough, because the question is not 'if', but 'when' will a global hyperinflation happen!

The fiat money economy is ridiculous! It is what enables ten millionaires and ten million beggers! In barter economy, one cannot be a tycoon. Barter has its own outomatic regulation of whealth, which is the desirable state. It is never the case that 'the more of anything, the better'. The more the food, the better? The more the temperature the better? The more the blood? The more the saliva? Of course no! When anything begines to get more than necessary, it slowly begines to be harmful! You cannot stock 100 vehicles in your house. So in this specific case it is clear that the more you have vehicles, it is not 'the better'. However, when we translate this vehicles into their money value, it is nolonger clear! But here we note that the money models a notion of 'whealth' that is meaningless when we translate it all into goods and services, i.e. the things that we realy need! The whealth of money is an illusion! It is a model that has no counterpart in reality.That is why it can all evaporate in an hyperinflation.

When lootings were done in South Africa, soon there was shortages in food etc on shops. Soon a 'tycoon'  of money will have nothing to eat while the 'poor' will have plenty. The elites stole all the money and then the common person stole all the food! There is plenty of money, people are very 'rich', but there is nothing to buy! This shows how ridiculous the 'money' economy is! If we gave the south Africans plenty of dollars, we are expected to beleive that 'they will get rich', but we can see that this is not the case! If everybody has money, soon there will be nothing in shops! So goes the illusion of 'alot of whealth' in US etc, which are all owned by 1% of Americans! Of course they don't mean that the 1% has each stocke one million cars in their compounds! If these tycoons redistributes their money, then 'buying' will bring about the same result as 'looting'! The 'wealth' of the 1% ( i.e. the whealth of the whole country!) completely depends on the fact that not everyone wants to buy at the same time, i.e. it depends on the poverty of the rest!

So we desperately need to get back to barter trade, at least, mutasis mutandis. But how should we? The answer is that modern information technology can tackle the problems that led people to abandon batter trade in favour of money. Especially, barter trade was difficult to do since it required a 'double coinsidence'. If you had commodity A and lacked B, then it was difficult to find someone with commodity B but lacked A. But with modern technology, is it still difficult? The answer is no! Everybody nowadays have a mobile phone with internet connection. We can, for instance, easily creat a website that acts like a 'virtual market place', where 'buyers' and 'sellers' can 'tele-conference'.  What tele-confrencing does is simply 'bring everyone near'.  Once you oder, the goods are delivered by drones and services are delivered using a soon to be unleashed, a remortely controled robot. These robots will patrol everywhere. All these are possible with the current technology! We have reached a point when we nolonger need money at all, yet people are yet to realize!

 

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Comments

  • Now some people think that capitalism, even without a government, creats tycoons! This is erroneous!! Without a government to define 'legal tender' and then tax it, there would be no money! Money is not a free market commodity. Nobody actually demands worthless papers and valueless, small pieces of metals. It is the government which forces us to look for these things through taxing us! In other words if you did barter trade and you have no money, the government will demand the money as tax, forcing you to work for the guy who has the money, which is the very goverment's croneys, or even the government itself! These croneys grow into the obese guys we call 'tycoons'. So without government, there would be no tycoons, and barter would be the default way of trading! Capitalism cannot make people rich, governments do!
  • With money economy, there is this problem where you want to sell, but people won't buy, not because they don't want to, but because they don't have money. This means you, yourself, won't get the money. This, in turns, means that you won't buy what those other guys has to sell!, so they won't get the money, and so on, ad-infinitum! This creats an illusion of poverty when in reality, everything we all need is there in some place!
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