(March 12, 2020 at 8:52 pm)ignoramus Wrote:(March 12, 2020 at 3:22 pm)BrianSoddingBoru4 Wrote: If it’s real, actual cash, ........
Boru
There's our problem.
We have money and we have currency. Once upon a time and throughout 99% of history, they were one and the same.
But since 71, when the French battleships were in America demanding their gold back, the only thing the US govt could do to avoid a war and not default on their
loan to the French was for Nixon to decouple the "currency" from the gold backing which allowed them to "print" any amount of US dollars needed.
All fiat currencies default back to their intrinsic value ...namely nothing. (through inflation and devaluation).
What is considered "real money" is something which is a store of value in and of itself, ie: must have rarity value and no counterparty risk.
They are precious metals, land and other natural resources.
If something can be printed into existence then it is ultimately worthless in the end when the shit hits the fan, like now!
All fiat currencies today have lost most of their buying power by overprinting. It's one giant ponzi scheme which is collapsing in front of our eyes.
Guys make sure you have some "real" money put aside. That rainy day is here and it's turning into a shitstorm.
I just KNEW the French were mixed up in it somehow! It almost makes me want to contract the virus, travel to France, and cough on the Mona Lisa.
Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson