Here's what the problem with money is

Into the Night said:
Money is not a store of wealth.
I should think the current inflation rate would convince you of that!
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You are on the right-wing and must be confused about economics. Our physical fiat money must be a store of wealth since it is legal tender and we use it as a medium of exchange. We no longer use commodity money or commodity backed money as a store of value.
 
danielpalos said:
You are on the right-wing and must be confused about economics.
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Bigotry. You are describing yourself.
danielpalos said:
Our physical fiat money must be a store of wealth since it is legal tender and we use it as a medium of exchange.
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Money is not a store of wealth. It is a medium of exchange of wealth. Money is money, whether it's legal tender or not.
danielpalos said:
We no longer use commodity money
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There is no such thing as 'commodity money'.
danielpalos said:
or commodity backed money as a store of value.
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There is no such thing as 'commodity money'.
 
Into the Night said:
Money is not a store of wealth. It is a medium of exchange of wealth. Money is money, whether it's legal tender or not.
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You are literally, incredible. Are you on the right-wing? You have no "gospel Truth" simply because You proclaim something, right-winger. You still need Reason to validate your currently unsubstantiated opinion.

A medium of exchange must be a store of wealth or we would not need any numbering systems.
 
danielpalos said:
You are literally, incredible.
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Thank you. I try to be.
danielpalos said:
Are you on the right-wing?
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It could be argued as such.
danielpalos said:
You have no "gospel Truth" simply because You proclaim something, right-winger. You still need Reason to validate your currently unsubstantiated opinion.
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Already given. RQAA.
danielpalos said:
A medium of exchange must be a store of wealth or we would not need any numbering systems.
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Non-sequitur fallacy. Numbers have nothing to do with wealth or a medium of exchange. Numbers are defined in mathematics.
 
danielpalos said:
You are on the right-wing and must be confused about economics. Our physical fiat money must be a store of wealth since it is legal tender and we use it as a medium of exchange. We no longer use commodity money or commodity backed money as a store of value.
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fiat money has value in as much as the issuing authority can compel you to use it.

fiat money is the lynchpin in the globalist control grid.
 
We should be more grateful for virtual currency than we currently are since it helped mitigate inflationary pressures on physical currencies, in my opinion.

Upgrading physical infrastructure can help retrace or reverse inflationary tendencies and pressures, also in my opinion.
 
danielpalos said:
We should be more grateful for virtual currency than we currently are since it helped mitigate inflationary pressures on physical currencies, in my opinion.

Upgrading physical infrastructure can help retrace or reverse inflationary tendencies and pressures, also in my opinion.
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You fucking idiot.

cash means nothing. only a small percent of fiat money is ever cash.

fiat money is the cause of inflation.

you live in upside down town.
 
AssHatZombie said:
You fucking idiot.

cash means nothing. only a small percent of fiat money is ever cash.

fiat money is the cause of inflation.

you live in upside down town.
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I never believe right-wingers. Fantasy is all they have not any understanding of economics. Why did QE not cause all the inflation you allege and proclaim in public venues through typical right-wing ignorance instead of Any Right-Wing Reason?

Vote Blue not Red!
 
danielpalos said:
I never believe right-wingers. Fantasy is all they have not any understanding of economics. Why did QE not cause all the inflation you allege and proclaim in public venues through typical right-wing ignorance instead of Reason? Vote Blue not Red!
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um.. it did.

it has.

it's ongoing.

its basically an accepted fact of economic history that all fiat currencies are eventually destroyed through abuse and inflation, destroying vast numbers of lives in the process.

fiat currency is genocide.
 
danielpalos said:
how droll. no, it didn't.
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The Failure of Money
The Daily Reckoning Sep 26, 2012, 7:10 AM
Since the end of the Gold Standard in 1971, the US dollar has lost over 80 percent of its purchasing power due to the uninhibited money creation of the
Federal Reserve
. Fiat currency, a system by which a currency only retains its value by “fiat” or decree by a government, leaves a central bank free to create money from thin air, reducing the value of the currency already in circulation.


Fiat currency has reigned in the last forty years, but every fiat currency that has existed in history has eventually failed. A study of 775 fiat currencies indicates the average life expectancy of fiat currencies is 27 years, with some taking a month to crash and others surviving for centuries.

The two longest-surviving currencies are the British Pound and the US Dollar, both of which have lost the vast majority of their original value. The US is also deeply in debt, which encourages it to inflate its currency in order to reduce the dollar-value of that debt. Will the dollar beat the odds and survive? If it fails, what comes next?

Learn how to protect your assets against inflation. Sign up for The Daily Reckoning.

The Failure of Money originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. ".

https://www.businessinsider.com/the-failure-of-money-2012-9
 
AssHatZombie said:
The Failure of Money
The Daily Reckoning Sep 26, 2012, 7:10 AM
Since the end of the Gold Standard in 1971, the US dollar has lost over 80 percent of its purchasing power due to the uninhibited money creation of the
Federal Reserve
. Fiat currency, a system by which a currency only retains its value by “fiat” or decree by a government, leaves a central bank free to create money from thin air, reducing the value of the currency already in circulation.


Fiat currency has reigned in the last forty years, but every fiat currency that has existed in history has eventually failed. A study of 775 fiat currencies indicates the average life expectancy of fiat currencies is 27 years, with some taking a month to crash and others surviving for centuries.

The two longest-surviving currencies are the British Pound and the US Dollar, both of which have lost the vast majority of their original value. The US is also deeply in debt, which encourages it to inflate its currency in order to reduce the dollar-value of that debt. Will the dollar beat the odds and survive? If it fails, what comes next?

Learn how to protect your assets against inflation. Sign up for The Daily Reckoning.

The Failure of Money originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. ".

https://www.businessinsider.com/the-failure-of-money-2012-9
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You think that is Bad, the Gold Standard was discontinued. If failed?
 
danielpalos said:
It already failed and is why we went to fiat money? I agree with you though. We could use some sort of commodity money as well.
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We went to fiat money because of finance industry malfeasance and dreams of world domination.

"WHat are we gonna do tonight, brain?"

"same thing we do everynight, pinky, try to take over the world!"
 
Into the Night said:
Spamming. No argument presented.
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Argue or get lost clown.
And if you don't understand the below idiot, here's something for you to understand...



Where's what an argument regarding what money does looks like idiot...

Imagine you do the same thing with the same amount of money twice from its beginning until its end , but one of the times that it takes you more time and effort.
Would you choose again and again to do it when it takes you more time and effort to do it with the same amount of money, doing the same thing?

But why is the above an argument regarding what money does idiot?
Let's see if all here read and understand WHY I AM DOING THIS? Why is that?
To show you how many idiots around you think they know what money does...
...and keep wasting our time and effort with their endless "money" stories.

Do you understand that players here?
Really?
Yes players, really...WHAT PLAYERS?!
NOT REALLY?!!!

How is it that I know that people are reading what I write idiot?
https://www.facebook.com/AlexandrosTsolis/
 
Into the Night said:
Spamming. No argument presented.
Click to expand...

Argue or get lost clown.
And if you don't understand the below idiot, here's something for you to understand...


Where's what an argument regarding what money does looks like idiot...

Imagine you do the same thing with the same amount of money twice from its beginning until its end , but one of the times that it takes you more time and effort.
Would you choose again and again to do it when it takes you more time and effort to do it with the same amount of money, doing the same thing?

But why is the above an argument regarding what money does idiot?
Let's see if all here read and understand WHY I AM DOING THIS? Why is that?
To show you how many idiots around you think they know what money does...
...and keep wasting our time and effort with their endless "money" stories.

Do you understand that players here?
Really?
Yes players, really...WHAT PLAYERS?!
NOT REALLY?!!!

How is it that I know that people are reading what I write idiot?
https://www.facebook.com/AlexandrosTsolis/
 
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