Crisis is all electronic statements. It is not real money. The real economy prods along as people did not stop breathing or eating. If all comes to a halt, people will barter since the demand is always going to be matched by the supplier.
The good thing about this crisis is the demise of the accountant. Message 25000308
That accountant who have lived his life on a unlit unheated rooms after the Industrial Revolution. This is the coup of grace after the machete chop off the end of the tech bubble did as Enron, World Com and Arthur Andersen have shown.
He came out with a vengeance now he is going to see his downfall.
The real economy, the money that was capitalized into a stock of capital stock of real capital: machinery, warehouses, airports, airplanes, container ships, oil wells, fiber optic routes, sugar cane fields, IT infrastructure, hydropower plants, harbors, roads, paper and pul mills, mobile networks, ethanol distilleries, refineries, aluminum smelters, mines, It is this stock of capital that will propel the economy to a next level. |
