The American Dollar

[uscitizen]

that post makes no sense whatsoever. Did one have to see a particular movie or something ?

 

[Litmus]

that post makes no sense whatsoever. Did one have to see a particular movie or something ?

It was hilarious. And yes, one had to see a particular movie or something.

 

[uscitizen]

Ok, things that make no sense are often hillarious.

 

[Litmus]

Ok, things that make no sense are often hillarious.

It does make sense, you case study in senility. Like I said, it's a movie you had to see or something.

 

[uscitizen]

Senility is grand! The more senile you get the less our suckass government bothers you.

 

[Litmus]

It totally does matter if currency is real or not. Just because we're used to a public agreement about what token shall be used for legal tender doesn't mean fiat money is somehow justified. We agreed to trust money initially because it was backed by SOMETHING OF ACTUAL VALUE, we're just in that habit, but that doesn't justify the absurdity, totalitarianism, and slow theft through inflation which are the inevitable results of a fiat currency system.

 

[FUCK THE POLICE]

My reference to paper is a figure of speech, Cook. Electronic money is the same thing. It says it has value, but it really doesn't.

Then why do people use it? Who decides what is valuable? The market, or Brent?

 

[Litmus]

Then why do people use it? Who decides what is valuable? The market, or Brent?

In a fiat system it's value is enforced by state decree. It's an awesome power which corrupts our entire world.

 

[uscitizen]

Ohh well after all this US triggered investment debacle dies down some, the world will not be using the dollar nearly as much.

 

[Obfuscate]

So much for Milton Friedman, eh?

Friedman didn't support the gold standard and thought it as inpracticale. He supported a fixed monetary growth of about 4% a year.

 

[Litmus]

Friedman didn't support the gold standard and thought it as inpracticale. He supported a fixed monetary growth of about 4% a year.

Nobody supports the gold standard on the record. Their careers are funded by the university system of the military industrial complex. On the record they advocate the massive statist power of being able to create wealth.

 

[Good Luck]

People have seemed to long forgotten that money - even if backed by precious metals - is still nothing more than an invented symbol to ease trade. The factor that allows fiat money the corrupting influence it has is we treat money itself as having real value. Money does not have real value. Gold, silver, platinum, diamonds, etc. are pretty to look at, but their value is also artificially induced as traditional means of backing currency.

When a society gets back to the real meaning of money instead of treating money as real value, then they will achieve a long standing and stable economy. That society will also then be able to achieve much more in the way of advancements because the measure of worth will be based on real resources and not an arbitrary number of monetary units (or ounces of semi-rare metals.).