(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 only.
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.
Yeah, I’m just going to leave this here.
https://rationalwiki.org/wiki/Gold_standard_(economics)
Comparing the Universal Oneness of All Life to Yo Mama since 2010.
I was born with the gift of laughter and a sense the world is mad.
I was born with the gift of laughter and a sense the world is mad.