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  1. #1
    Player
    Reika's Avatar
    Join Date
    Mar 2011
    Location
    Limsa Lominsa
    Posts
    4,429
    Character
    Reika Shadowheart
    World
    Durandal
    Main Class
    Armorer Lv 80
    Quote Originally Posted by fusional View Post
    and yet, reality disagrees

    etc

    so why do you think the USD, which was previously one of the strongest currencies, continues to depreciate in relation to other world currencies?

    answer: because the government borrows money from the federal reserve, and the federal reserve keeps printing new money to cover the 'loan'. which brings us to china. why are we borrowing money from china? because if we continue borrowing money from a federal reserve which keeps printing money, our currency will be so thoroughly devalued it eventually won't be worth anything at all.

    and pro tip: some other countries are currently suffering from this problem.

    see also:
    MMO =| RL.... The mmo world wont fall into any recessions or depressions, people wont start being layed off, etc etc in an mmo. Its just not the same.
    (1)

  2. #2
    Player
    Linkurrra's Avatar
    Join Date
    Mar 2011
    Location
    Gridania
    Posts
    369
    Character
    Linkci Lunarpaw
    World
    Sargatanas
    Main Class
    Astrologian Lv 90
    Quote Originally Posted by Reika View Post
    MMO =| RL.... The mmo world wont fall into any recessions or depressions, people wont start being layed off, etc etc in an mmo. Its just not the same.
    Wait, so when everybody stopped buying my gear for jewelery when you could get the same earrings and etc from dungeons as what I could make! I had no reason to keep making stuff because nobody would buy.

    Thats not the same as being laid off? lol

    I think it is, while game economies are pretty fragile, every item they introduce in the game has the potential of affecting the market. How it effects it is an unknown till it happens. Because the community is living breathing entity you can't predict. Even economists can't predict, they just analyze trends and forecast much like meteorologists! And we know how accurate they are! lol They just get paid to do it!
    (1)

  3. #3
    Player
    DoctorMog's Avatar
    Join Date
    Mar 2011
    Location
    Limsa
    Posts
    1,944
    Character
    Doctor Mog
    World
    Hyperion
    Main Class
    Lancer Lv 51
    Quote Originally Posted by Reika View Post
    MMO =| RL.... The mmo world wont fall into any recessions or depressions, people wont start being layed off, etc etc in an mmo. Its just not the same.
    I don't want to pick fights, but do you recall the crash that happened in 11 because gil sellers unloaded billions of gil around Christmas of 2004?

    With so much gil in the economy, there was no profit in farming materials or crafting items.
    Because there was no profit in crafting/farming, people stopped doing them.
    The reduced amount of items in the economy created a crazy demand shortly thereafter.
    Driving prices back up, but with so much money in the economy (RMT) the economy bottomed out.

    Much like real life.

    So, I'm not saying it's identical to real life, but game economys and real life, have the same driving forces behind them.
    (6)
    Last edited by DoctorMog; 02-12-2013 at 08:03 AM.