[ExI] Johnson has ANOTHER "Aleppo moment"!

[William Flynn Wallace]

And if there is not to be a French style revolution complete with
guillotines you'd better not have the payments to 62 welfare queens equal
the payments to 3.5 billion people.   ​  John K Clark​

This economic illiterate wants to know just how employee-owned companies
fit in to our future.  Prima facie it looks like a good model.  All
employees would get to vote on the distribution of money including the
CEO's pay. Maybe we should be finding ways to encourage this.

 bill w



On Fri, Sep 30, 2016 at 11:37 AM, John Clark <johnkclark at gmail.com> wrote:

> On Thu, Sep 29, 2016 at 7:27 PM, Dylan Distasio <interzone at gmail.com>
> wrote:
>
>> ​> ​
>> The entire value of fiat currencies is dependent on a belief in the
>> issuer to make good on their IOUs.
>>
>> ​That is precisely true.
>
>> ​> ​
>> What is going to happen to interest rates if the world loses faith in a
>> particular currency?
>>
>> ​If people think their IOUs will not be honored Interest rates will trend
> toward infinity and the currency will collapse; and if the currency is the
> dollar then the world economy will collapse with it. That is why I can
> never forgive Republicans from coming within minutes of defaulting on its
> debt on October 16 2013.
>
>  John K Clark ​
>
>
>
>
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