Аннотация: Hydrogen sulfide in exchange for imperials. A fantastic economic essay.
Hydrogen sulfide in exchange for imperials. A fantastic economic essay.
The Asian Power sells large volumes of hydrogen sulfide abroad. Hydrogen sulfide - it is such a gas.
In exchange, she (sellers of hydrogen sulfide) previously received world currencies.
The Asian Power decided to switch to getting imperials for hydrogen sulfide.
Why does she need it? Probably, in order to strengthen the exchange rate of the imperial currency.
Why does she need to strengthen the exchange rate of the imperial?
There may be different versions: both the "version of stupid patriots" (they are proud of the "sustainable, unshakeable" imperial), and the version of "super-rentier" (interest on deposits is more profitable to receive in "sustainable" currency), and some other answers.
Previously, the world currency in exchange for hydrogen sulfide was received by sellers - companies producing hydrogen sulfide.
Now buyers of hydrogen sulfide will be forced to buy imperials on the currency exchange. That is, they receive imperials on the stock exchange instead of world currency, and transfer imperials to sellers of hydrogen sulfide.
Probably, those who trade imperials on the stock exchange remain in profit ...
And what about the Asian Power itself - what does it get?
The sale of hydrogen sulfide abroad is a relatively secondary economic process. The economy in the Asian Power develops slowly and reluctantly.
The sale of hydrogen sulfide is the sale of a raw material product. This process has acquired importance, significance by necessity - due to the fact that other sectors of the economy are developing weakly and slowly.
An inefficient, weak economy - regardless of the dynamics of the sale of hydrogen sulfide and regardless of the "games" with the proceeds for hydrogen sulfide - will work in favor of weakening the imperial.
Attempts to strengthen it are just another way to create prerequisites for the accumulation of the potential for a currency collapse, for a sudden sharp fall in the exchange rate of the imperial currency...
As for the benefits of "selling hydrogen sulfide for imperials", it is difficult to find obvious benefits from such an innovation - apart from a temporary and unreliable "strengthening" of the imperial exchange rate, as well as apart from additional income for rentiers and currency exchange players.
[MMDCCCXXXVI. Two versions of the sharp fall in the exchange rate (of imperial currency): a naive and a conspirological. A fantastic economic essay. - March 21, 2022.].
March 23, 2022 17:58
Translation from Russian into English: March 23, 2022 18:16
Владимир Владимирович Залесский "Сероводород в обмен на империалы. Фантастический экономический очерк".
{ 2870. Сероводород в обмен на империалы. Фантастический экономический очерк.
MMDCCCXL. Hydrogen sulfide in exchange for imperials. A fantastic economic essay. }