Quote from: Darker45 on April 11, 2020, 03:57:57 AM

We are not confronted with good and evil here; we are confronted with evil on both sides. So I guess we will just choose the lesser evil, so to speak. On the one hand, we have the choice to let the hungry, unemployed, home-isolated people take care of themselves while trying to keep the monetary foundation stable, at the same time fighting the spread of the virus. On the other hand, we may resort to drastic means which could be detrimental to the long-term economy and monetary value but could keep the people properly fed and therefore tamed and sane in these very trying times. I definitely prefer the latter. The urgency is on that side.

We cannot talk of preserving the future economy and let the people die of hunger or turn to violence. People are forced to stay inside their homes. They are physically hurt when they go outside. What are they going to eat, then? They cannot just start nimbling their walls.

Finally, the issue is not whether or not the government will continue printing money out of thin air and commit slow suicide. That is happening all the time. The real issue is whether these money will go to the rich business owners or to the hungry majority.

According to modern monetary theory, what is meant by printing money is not the origin of printing money with a guarantee of thin air like Americans do, but like China does. In China, the renminbi is printed based on layered projects, for example: money printed by country A0, money is channeled to bank A1, money channeled to entrepreneurs A2 and, etc.

All projects in China, although not important as long as it is still beneficial to people's lives, will be funded by the government. With so many productive projects running, it means that the economy is spinning and labor is being absorbed more and more. With so many workers absorbed will improve the economy of a country and of course the economy of lower and middle class.

From the above explanation, it can be concluded that it is not the origin of printing money, because the collaterals are productive projects not fictitious, and the minimum project layered above 6. The money is indeed non-existent but supervision of its use must be very strict and properly monitored because printing money is not allowed to cover the consumption budget or pay the state debt. Another requirement is that all project raw materials must come from within the country, starting from facilities and infrastructure, raw materials, experts and even laborers. And infrastructure or projects built must be export-oriented so they can attract foreign exchange. Therefore licensing in China for business is made easy even China is encouraging its people to make as many projects as possible.

China has even made a leap forward with its BRI program, the location of the project does not have to be in China, it can be throughout the world as long as the raw materials, experts and workers are from China.
This is the model of colonialism 5.0 which is now intensively carried out by China.