USD & EXPLOSIVE INEQUALITY
Hugo Adan
7/14/20
Trump’ China policy made me thinks
on the fate of USD
Waste of time.. and If affect China Economy .. they will be
severe on tit for tat.
We expect
most of the questions will focus on
the
administration's domestic issues...
….
....
This won’t
stop China decoupling from USD in all financial transaction at regional and
global level. Yuan will be easily converted into the 1st or 2nd
mayor currency for international banking and world trade.
This plus
de ZERO SOVEREINGN DEBT from Latin
American & other regions ..
will force the USD conversion to GOLD –base, as it was before 1971. Then the US
Economy will survive, otherwise the currents USD will be trashed.
We have to
create a new USD-G (G for based on Gold). The aims are: 1- to respect
differences among americans, and 2-to eradicate
the explosive inequality we have now. The only way to achieve both aims is to immediately favor industrial production & dismantle the sources of
nasty speculation we have today.
Wall Street
has to be dissolved or used by investors in real industrial production competition
(not speculations but honest competition among investors.).
The NEW DEALS or Econ project will make
obsolete the QEs and Bailouts. Some billionaires will be forced to return the money that they misused against the public need
(specially health & Education) or in favor of wars and genocide abroad.
The
confiscation of billionaires money by FDR did it may apply this time too.
The USD-G will compete with other currencies based on gold at international
level for banking & trade.
Most of the
USD now is in the hands of billionaires
running Banks & huge Corp and they may want to convert all their USD
into new USD-G. It won’t
happen since the aim of new USD-G is to eliminate explosive inequality.
How to? By limiting
class difference in terms of money to a rate from 10 to 100 of minimum salaries.
More than 100 minimum
salary will not be tolerated.
A
billionaire may want to convert all his money into new USD-G, but it will be prohibited. Most of their
money has to be transfer to FED for best State- health and Education system for all.
IF not
minimum salaries, we can use PARETO
optimum point: It means that the current supply-demand for basic basket of items need for Americans to survive monthly with
a family of 5 in the new system.
The optimum
point is a quasi middle point between supply-demand prices for the set
of commodities need for a family to survive a month. The middle point doesn’t depend on 2
variables (X & Y) there are other
variables intervening, so we can’t
exactly define the middle point but an OPTIMUM.
All Americans will have the right to have new USD-G , either
based on minimum salaries , or based on price for a basket of minimum items to survive a
month with 5 members of a family.
The new USD-G is a subject to be
discussed by econ & sociologists ++. The important
thing is to respect differences and eliminating the explosive inequality.
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