Asset value reset?

[Marusko]

Your first comments about agreeing on governance and policy is what likely will keep from ever changing the system. Somehow we would need to collectively agree that it is in the best interest of society to allow the most ambitious, hardest working, most innovative, most risk averse, smartest individuals to reach their greatest potential, without punishing them with digressive taxes and regulations, even though that means huge wealth disparity, while simultaneously allowing, or even encouraging the least productive or least capable to just stay out of the way and be content with that inequality in exchange for bread and circuses. Physically it is possible, to provide for a high living standard for everyone with only a few highly productive people producing that, just look at the modern food production industry, from farms to processors etc.

Funding it all is obviously where it all breaks down, when you consider money in its current form, it is impossible. Printing(at least in isolation) to fund would destroy the confidence in the currency and collapse the system, taxing the few would destroy the incentive, but any other means of redistributing their production is essentially the same thing as taxing them, taxing the masses is futile if they don't have meaningful wealth creation to tax. No matter what, it looks a lot like the dreaded socialism that I spend so much effort on here to discredit( although the resident socialists do a pretty good job of that all by themselves).

You're talking about a Universal Basic Income.

[sumdumguy]

Trudeau is calling it, “targeted basic income”.

[AlbertaFarmer5]

You're talking about a Universal Basic Income.

That is the conclusion I keep coming to as well. As distasteful as the concept is. Would we be better off without the anchor of big government bureaucracies, picking winners and losers, and unequally demotivating people from contributing, and just write everyone a cheque for enough to cover the necessities , and let them redistribute it to those who are willing to work harder and create? If we are facing QE to infinity anyways, it might make more sense to start at the bottom up with this method?

[farming101]

That is something kicked around by those who are talking about Modern Monetary Theory. Sort of..
I think they feel that the gov't should hire people in times of distress and give them work to do. Public works of some sort? IDK really
So, that's a little different then welfare

[LEP]

That is something kicked around by those who are talking about Modern Monetary Theory. Sort of..
I think they feel that the gov't should hire people in times of distress and give them work to do. Public works of some sort? IDK really
So, that's a little different then welfare

The problem is after bloating the civil service they never seem to find the conditions to reduce it.

[AlbertaFarmer5]

Another concept I keep kicking around, relates to digital currencies. These have the potential to make every dollar customizable, perhaps with a prorated declining value, or adjustable value depending on the economies needs, or even what sector they are in. Some scary big brother type stuff to be sure, but perhaps could be used to achieve a guaranteed minimum income by printing without destroying the confidence in the currency. Or in a case such as this, to get liquidity to where it is needed most instantly.

Not saying I would support such measures, just seeing the interesting intersection of the two issues at a unique time in history.

[AlbertaFarmer5]

Another concept I keep kicking around, relates to digital currencies. These have the potential to make every dollar customizable, perhaps with a prorated declining value, or adjustable value depending on the economies needs, or even what sector they are in. Some scary big brother type stuff to be sure, but perhaps could be used to achieve a guaranteed minimum income by printing without destroying the confidence in the currency. Or in a case such as this, to get liquidity to where it is needed most instantly.

Not saying I would support such measures, just seeing the interesting intersection of the two issues at a unique time in history.

Replying to myself again...

I see today that the Democrats tried to include legislation about digital currencies into the stimulus bill, perhaps my way out there theory isn't so far out after all?

[samhill]

This morning $1.00 U.S= 1.42857 Cdn

[burnt]

This morning $1.00 U.S= 1.42857 Cdn

On the plus side - I priced soys about 6 weeks ago with a weak board and lower basis, not good. But since then, the basis has climbed $1.00/bu., making for a much stronger return.

So there's that, just happy to have some left to price.

Good action on the board and the basis - does this point to stronger commodity demand, or just speculation?

Building demand is good; speculation can make things go crazy.