What should we do after fiat currency fails?

[YALE]

We are not good problem solvers.

[Broncojohnny]

Fiat currencies may fail in different parts of the world but the dollar won't fail. This country is in bad shape thanks to entitlements but the Euro will implode long before the dollar does.

[Sean88gt]

Would you rather die by starvation or via guillotine?

Seriously though, this is a really good question. I find the limits of the human mind to be interesting. What I mean is, there is another way of handle our economy, but we are stuck in our fundamental ideas that were established thousands of years ago. The barter system, credit, fiat money, gold standards: all are originated from some original idea thousands of years ago.

Why can't we come up with a new original idea?

I'm sure we can. The problem is that politicians in order to get more votes tied the logic strings to the heart strings, which made it impossible to have an honest debate without the side that feels they are losing throwing out tear jerking, bleeding heart bombs. Because they lack the stomach to make decisions that are responsible the citizens will have to muster the fortitude to survive the result of politicians bleeding hearts.

The guillotine has had the blade removed, so they will drop a block on your neck repeatedly until the job is done.

[mstng86]

Are you prepared to see the result of the entire world economy shrinking by 75%?

Would you rather die by starvation or via guillotine?

Seriously though, this is a really good question. I find the limits of the human mind to be interesting. What I mean is, there is another way of handle our economy, but we are stuck in our fundamental ideas that were established thousands of years ago. The barter system, credit, fiat money, gold standards: all are originated from some original idea thousands of years ago.

Why can't we come up with a new original idea?

[Sgt Beavis]

Eliminate credit. /thread

Kiss your job goodbye.

>restart thread

[Sean88gt]

Eliminate credit. /thread

Are you prepared to see the result of the entire world economy shrinking by 75%?

[mstng86]

Eliminate credit. /thread

[Sean88gt]

I'm not sure how a global market would adjust to this. On a local basis I think you would see a lot of metal swaps and bartering systems popping up. Economies would be locally based and you would see city centers like were popular 100+ yrs ago.

If it didn't lead to war.

[YALE]

I had a similar thread up before, but it never took off. The question still lingers, so here we go again. I don't mean personally. I mean what should the world do for an economic system when it's clear to even the stupidest people on the planet see that using fiat currency won't work? How do we keep credit available without using imaginary money?