Global Debt

[Brian d marge]

Money is, and always will be a placeholder

Until something better comes along - then we will use that.

Dry barley. Or rice

We are not using money at the moment.

Money is not such a bad thing , it's useful

Just we ain't using it

sent for a divine source

[mashman]

Ahhh Adam Smiths the hidden hand .......

Yeah. Although it's more like Paul Daniels these days. You're going to like it, but not a lot... which seems to be enough mind lol.

[TheDemonLord]

Dry barley. Or rice

We are not using money at the moment.

Money is not such a bad thing , it's useful

Just we ain't using it

sent for a divine source

Then prey tell, what are we using?

Because what we are using is divisible, portable, globally recognized and accepted, with an agreed value and is a medium for facilitating the exchange of goods and services - Kinda sounds like Money to me....

[Brian d marge]

Then prey tell, what are we using?

Because what we are using is divisible, portable, globally recognized and accepted, with an agreed value and is a medium for facilitating the exchange of goods and services - Kinda sounds like Money to me....

Currency



sent for a divine source

[TheDemonLord]

Currency



sent for a divine source

Okay, Fair Cop - however tell me this - Gold Money (since we are using the strict economic definition) only has value because we believe it does - unlike say Steel whose value is in what can be built from it - without the aesthetic value of gold, what use is it?

Thus I could argue that even the Gold Standard may not necessarily be considered 'Money'

In fact, I can think of a few post-apocalypse movies that have explored this concept (Mad Max and Gasoline, Book of Eli and Wet Wipes)

[Brian d marge]

Okay, Fair Cop - however tell me this - Gold Money (since we are using the strict economic definition) only has value because we believe it does - unlike say Steel whose value is in what can be built from it - without the aesthetic value of gold, what use is it?

Thus I could argue that even the Gold Standard may not necessarily be considered 'Money'

In fact, I can think of a few post-apocalypse movies that have explored this concept (Mad Max and Gasoline, Book of Eli and Wet Wipes)

Welcome to the dark side
Gold has no value
Only the value u place upon it

It does store value rather well as it doesn't corrode like steel and it's easy to . Manipulate and test

But other than that only the value u place on it

The reptilians monotonic gold eaters have place a considerable value on it however

It helps them live longer

sent for a divine source

[F5 Dave]

Dentistry. Electronics. Pretty useful stuff, but a bit spendy mind.

[Voltaire]

Dentistry. Electronics. Pretty useful stuff, but a bit spendy mind.

Don't forget the ring industry, the engagement ring, the wedding ring, the suffer ring.

[Akzle]

Okay, Fair Cop - however tell me this - Gold Money (since we are using the strict economic definition) only has value because we believe it does - unlike say Steel whose value is in what can be built from it - without the aesthetic value of gold, what use is it?

Thus I could argue that even the Gold Standard may not necessarily be considered 'Money'

In fact, I can think of a few post-apocalypse movies that have explored this concept (Mad Max and Gasoline, Book of Eli and Wet Wipes)

electronics, medical, thermal imaging, gold has many applications.

it also has scarcity "value" in that even jews haven't cracked alchemy.

the "gold standard" as overvalued by newton, however, does not have value.
infact one pound (mass) of sterling silver now, ironically, costs 225 pounds (currency known as "pounds sterling")

[TheDemonLord]

electronics, medical, thermal imaging, gold has many applications.

Most of those being highly specialised and not reaaaaaally the global standard that 'money' needs

it also has scarcity "value" in that even jews haven't cracked alchemy.

Funny that - Economics 101 is right.... Also - an individuals Time is also Scarce, think about that.

[TheDemonLord]

Welcome to the dark side
Gold has no value
Only the value u place upon it

It does store value rather well as it doesn't corrode like steel and it's easy to . Manipulate and test

But other than that only the value u place on it

The reptilians monotonic gold eaters have place a considerable value on it however

It helps them live longer

sent for a divine source

If we go full philosphical mode - nothing has value other than what we place on it.

Interestingly enough this has lead to the rise in BitCoins and other forms of digital transactions.

[Katman]

Funny that - Economics 101 is right.... Also - an individuals Time is also Scarce, think about that.

Bullshit.

You get 24 hours of it day after day until you die.

What's scarce about that?

[TheDemonLord]

Bullshit.

You get 24 hours of it day after day until you die.

What's scarce about that?

Lets see if you can figure it out from your own words....

[Katman]

Lets see if you can figure it out from your own words....

I'll go out on a limb and imagine you mean an individuals time is scarce compared to the eons of history.

To which I'd answer - No shit Sherlock.

[Brian d marge]

If we go full philosphical mode - nothing has value other than what we place on it.

Interestingly enough this has lead to the rise in BitCoins and other forms of digital transactions.

I'm not so sure about Bitcoin
I know... but I don't trust it
Seems a sneaky back door attack on money ,

I'm sticking with me 90 %dry whole barley kernels

sent for a divine source