How to Survive When Money Is Worthless [video] • Hacker News Board

jefe_ wrote: post #51

For more of a guide to surviving collapses, this essay about the 2001 Argentine Financial crisis is pure gold. I have printed several copies and read it about once a year: http://ferfal.blogspot.com/2008/10/thoughts-on-urban-surviva...

Thanks for this. I read it years ago and was unable to find it since.

Re: How to Survive When Money Is Worthless [video]

#76

Post by ataturk » Wed, Jun 27, 2018, 5:06 PM UTC

lisper wrote: post #33

This is not an article, it's a movie with subtitles. (It should have a [video] tag.) And it doesn't address how to survive when money is worthless, it just shows some vignettes from Venezuela that illustrate how hard it is to survive when money is worthless.

How to survive when the NY Times is Worthless.

Re: How to Survive When Money Is Worthless [video]

#77

Post by digi_owl » Wed, Jun 27, 2018, 5:06 PM UTC

pascalxus wrote: post #54

I think it's great that this is being publicized and getting attention. It took many economic mis-steps to bring such a country to it knees (printing money, restricting prices with price ceilings, import taxes, etc), I kinda wish they would focus on all the economic errors they've made, so the rest of the world can learn from those mistakes.

The main error was to be the economy on heavily exporting oil, only for the oil price to tank (Thanks, Saudis).

While being able to heavily export oil, they could heavily import stuff that could help the poorest of the population.

But when the oil price dropped, they were loath to cut back on the support systems. Thus a massive trade deficit developed, and the exchange rate tanked.

While the reasons are different, it is the same "death spiral" as one could witness in Germany between the wars, or in Zimbabwe.

Re: How to Survive When Money Is Worthless [video]

#78

Post by russdpale » Wed, Jun 27, 2018, 5:06 PM UTC

cgopalan wrote: post #41

Who else felt the irony of people complaining about the presentation format when there are human beings suffering from such a crisis? I was moved when I saw the clip of the kids being fed in a soup kitchen. Not saying you cannot criticize the format, but shouldn't the discussion be more about what actually caused this situation and how it can be remedied or prevented?

You have to be able to watch it to be able to comment on it. I couldn't watch it, even on a decent connection. It stutters, the sound goes out, video freezes..

Re: How to Survive When Money Is Worthless [video]

#79

Post by probably_wrong » Wed, Jun 27, 2018, 5:07 PM UTC

jefe_ wrote: post #51

For more of a guide to surviving collapses, this essay about the 2001 Argentine Financial crisis is pure gold. I have printed several copies and read it about once a year: http://ferfal.blogspot.com/2008/10/thoughts-on-urban-surviva...

Sorry to be the negative one but, as someone who lived through the 2001 economic crisis, I have no idea what this guy is talking about.

He seems to write a lot of survivalist tips, so I would keep that in mind - from a survivalist perspective, all society is at the point of collapse.

Re: How to Survive When Money Is Worthless [video]

#80

Post by ManFromUranus » Wed, Jun 27, 2018, 5:07 PM UTC

TimTheTinker wrote: post #44

ManFromUranus wrote: post #16

[flagged]

> This is what socialism does. No, this is what a power-hungry dictator does. But socialism/communism creates an environment where such leaders can easily take power and thrive. That's why democracy can be so powerful - it often successfully removes the power vacuum that creates dictatorships.

Socialism is simply the union of industry and state. We know that church and state is bad, but for some reason industry and state is good? Power corrupts. Thats why you want to limit the power of government, not ALSO give government power over all goods and services and everything that gets made and everyones job. What a recipe for disaster. You never see it coming because they hide behind the rhetoric of universal sufferage, but it instead it all goes to shit. Always, without fail. Every. Single. Time. And yet you people come out of the woodwork in the middle of capitalist prosperity to criticize? Please leave.