After you abolis private money creation. Do you just let the bankers and their friends and all of the lenders keep all the trillions of dollars that they've created out of nothing?
Twenty characters short
After you abolis private money creation. Do you just let the bankers and their friends and all of the lenders keep all the trillions of dollars that they've created out of nothing?
Twenty characters short
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No you dork, there will be no bankers, not to mention their money would literally be worthless. Most of the big banks operate on Fiat money, which is entirely based on credit of the government, a government which would no longer exist.
what is so hard to understand about abolishing money? Especially fiat currencies?
no, they go to jail, but the jail isn't forced labor jail since work is abolished under communism.
the big offenders like lobbyists and CEOs will be sent to the forced femme gulags that are run by transgender nazbols.
Also all their physical assets getting took (no more private property) ESPECIALLY their toothbrushes
Yeah I'd let them keep their money. Let's see them try to use it.
No. Bankers and CEOs are gonna watch as angry mobs burn their money and expensive shit on a bonfire of proletarian rage and after that we're gonna collectivize their wives and daughters to take back from them the equivalent of what they've stolen from us, the workers.
DAY OF THE WALL!
DAY OF THE WALL!
DAY OF THE WALL!
DAY OF THE WALL!
DAY OF THE WALL!
...
SU already implemented a separate monetary circuit for MOP, you couldn't buy MOP with your wage money except in agriculture after MTS were dissolved
it's all a matter of accounting really
even with paper money, soviet authorities were quite effective at tracing foreign currencies in circulation
with electronic payments tracing all the monetary flows becomes a walk in the park
Sure, why not. A new payment token system gets introduced and the old tokens become useless. Faking the old currency becomes legal. You can't pay your taxes and fines with the old currency anymore, and the legal system stops recognizing contractual obligations set in the old payment system, instead the bureaucracy declares a whole bunch of debt and contract types invalid, and for the remaining contracts it dictates a modification, a replacement of the promised payments with the new tokens at an "exchange" rate set by the new state apparatus.