OK, so does everyone here know this? Most here are not acting like it, instead we keep hearing currency exchanges will "promote abundance".
1. When everyone is a multimillionaire, prices rise, and internationally, currencies are devalued, so there really is no net "wealth effect".
2. The shock of this degree of inflation/devaluation is Weimar Republic on steroids. Imagine: salaries would become meaningless unless adjusted continuously. Food and other goods will have LED readouts that increase the price every few seconds. People will be paid twice a day so they can try to use their pay to buy something before prices rise again.
3. The increase of currency or money (gold) does not increase food or other production until there is an increase in capital and people go to work to produce more. The standard of living is directly proportionate to capital. Thus, pushing money into "relief" (awarding money to individuals for not working, but instead just for being "needy") is counterproductive because it diminishes capital.
4. The idea of a sovereign rate (devoting the vast majority of helicopter-dropped wealth to "humanitarian projects" rather than profit-driven projects) would virtually destroy the world because when the money runs out there will be no demand to sustain the jobs created.
If there are any non-shills on this channel, please respond to this ELEPHANT.
Ref: http://inteldinarchronicles.blogspot.com/2016/11/re-forget-gesara-anonymous-guest-post.html and http://inteldinarchronicles.blogspot.com/2016/11/forget-gesara-anonymous-guest-post.html
Read at Mises.org and HiddensecretsofMoney.com