November 27, 2022

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New York State approves Electronics – IT Pro – News Repair Right Act

If you are going to buy an item for 10x 50 euros, instead of 100 euros you will lose 500 euros after 10 years and if you already have some money it is not the right way.

As long as you think you can buy a product for 50 euros in total or 10 times as much as 5 euros per product. However, it is completely unreliable as you demand that a product be 20 times more expensive (100 euros instead of 5 euros) and last longer. It is unbelievable that the price of an item doubles only if you design it to be durable for at least most products.

In my rationale where I want to go, it’s not about ambitions, unemployment or tax pressure, it’s deep. Then I come to a debt based economy where you can only continue the economy by paying more and more debt. In more economic terms, we call it a small but positive inflation that we need to maintain in order to gain value from existing IOUs.

An example of this is the pension system, where I work today and pay for my pension today within X years. But, my pension money is already being used to pay pensions to retirees. I mean on the day I retire the government has 0 euros and they have to get it from the workers. Not only that, you are going through that debt, there is another problem, I will buy a house today, but I will pay it off in 40 years, inflation has made it impossible to buy that house compared to my current salary.

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In other words, pensions are unaffordable because retirees receive more than they have ever paid. The only way to solve it is to lock the “pension tax” into an investment fund, as private pension funds do, but the government does not, and spends the money immediately.

Pensions with the government are just one example, but your money also belongs to me (IOU), you can only earn 5 euros by borrowing, there is no other way to get that 5 euro note. Rotation. That means for every euro you have, it will be covered somewhere in the loan (so your money is a loan by definition). And pay interest on each loan. That is, the total debt is greater than the total amount in circulation. The only way to keep that economic system alive is to borrow more and put more and more money into circulation. As a result, money loses its value (called inflation), resulting in a reduction in the value of outstanding debt.

To continue to increase that debt, 2 things are important:
– More people on the planet = borrowers (if the unemployed are offered jobs because they have the opposite effect)
– Higher consumption = higher loans

Both are not possible, after all, there are already many of us on this planet, and the planet can no longer handle our consumption behavior. But even if the planet could take it, sooner or later that economic system would collapse, the bottom line would be to take credit cards to pay other credit cards and make bigger and bigger wells to fill other wells. At one point it collapsed like in 2008, and we only stopped digging bigger pits faster and faster.

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To get started again, we want to save the system very hard and save it when we see a washing machine that lasts only a few years instead of 20 years. But where does it stand? What if your washing machine breaks down every 2 years, every year, every month? Good for our economy, imagine how many jobs you would create if your washing machine malfunctioned every month, how many extra shops, how many extra furniture, how many extra factories would you have? Why stop at 1 month, a new washing machine every week, even better!

Or should we talk about the deep system instead of discussing the washing machine, what are we going to do with it? How are we going to solve it before 2018?

[Reactie gewijzigd door sprankel op 4 juni 2022 23:03]