@morten_skaaning @KraftTea They can actually have "infinite money" if they have infinite paper. But what will be the value of that money is another thing. Believe me that even in dictatorships it doesn't work. Just look at the North Korea. They can print whatever they like. What is the living standard there. Poverty!
Notices by Washington Irving (washingtonirving@mastodon.world)
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Washington Irving (washingtonirving@mastodon.world)'s status on Thursday, 17-Oct-2024 04:29:22 JST Washington Irving -
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Washington Irving (washingtonirving@mastodon.world)'s status on Thursday, 17-Oct-2024 04:29:01 JST Washington Irving @morten_skaaning @KraftTea All FIAT currencies are about trust. Trust that my lifetime savings won't dissappear. Printing the money and devaluating currency means people's savings are going to hell. When you lose trust in your countrie's currency, you will try to save in foreign one, that holds value. Which is hardly possible in dictatorships. At one point they will make a "money reform" and people will lose all their savings. Happened in my country during "socialist government".
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Washington Irving (washingtonirving@mastodon.world)'s status on Thursday, 22-Aug-2024 02:08:50 JST Washington Irving @t_mkdf @notsoloud @VikingChieftain @kimwulff I remember when US spied on Merkel. I was infuriated! And I couldn't understand why the reaction form Germany was so tame. Now I think there must have been reason for that. And we've never got to know what they've found out. Maybe for the sake of german people? How do you tell them :"Sorry folks, you've been duped for so long?"
Would they even believe? Or would they just get more angry and cut the ties with USA?
I'am not saying I am 100% sure, but... -
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Washington Irving (washingtonirving@mastodon.world)'s status on Thursday, 22-Aug-2024 02:08:49 JST Washington Irving @t_mkdf @notsoloud @VikingChieftain @kimwulff With this "heritage" it's a miracle what current government and Scholz are doing for Ukraine. The more time passes by, the more I like Scholz.
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Washington Irving (washingtonirving@mastodon.world)'s status on Thursday, 22-Aug-2024 01:10:09 JST Washington Irving @t_mkdf @notsoloud @VikingChieftain @kimwulff This happens when democratic states let dictatorship propaganda reign free.:RT news for example. They've got some fines in Germany for not being objective. They must have laughed they asses off. Damage they've done is very hard to undo. Plus Schroder and Merkel. Everything they've done was like they were russian assets. Schroder for money, Merkel for ideology? Being from east Germany?
Putin must have been very pleased with them.