In a nutshell.
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The current state of our economy
- Thread starter Trailrider
- Start date
If the government dosen't spend money it borrow or was going to borrow it called a surplus...but you have to have a ivy league college education to understand it......you cant be a regular dumbass you have a Sophisticated educated dumb ass
We do not have "money" in common circulation today, we have "currency". There is a big difference. Money is a media of exchange that has inherent value, gold, silver, copper, etc. Fiat currency, is created out of thin air, and has an expiration date in invisible ink. Most of it is 1's and 0's in cyberspace.
Aristotle set the criteria for good money, 2300 years ago, notwithstanding gold and silver have over a 6000 year history of being accepted as a store of value. It has no counter-party risk.
https://seekingalpha.com/article/295877-aristotles-money-criteria-support-gold-precious-metals
From the above link, below are Aristotle's 4 necessary qualities of "money"
1. Durable- the medium of exchange must not weather, fall apart, or become unusable. It must be able to stand the test of time.
2. Portable- relative to its size, it must be easily moveable and hold a large amount of universal value relative to its size.
3. Divisible- should be relatively easy to separate and put back together without ruining its basic characteristics.
4. Intrinsically Valuable- should be valuable in of itself, and its value should be totally independent of any other object. Essentially, the item must be rare.
The creation of currency out of thin air is the underlying cause of inflation and amounts to a theft of the purchasing power of all currency in circulation: the paper USD in your pocket, the cyber-currency in your bank accounts, investments, IRA's, anything denominated in fiat USD.
Just as pouring water into whiskey to hide the theft of some whiskey. Spending fiat currency created out of thin air into the so-call money supply, dilutes the purchasing power of all fiat currently in circulation. Hence a store item that cost maybe 3 dollars last month, may now cost 4 USD. Of course prices are effected by supply and demand as well. The USSA went fiat in 1971 when we went off the gold standard. thousands of years of History tells us that the average life span of a fiat currency is 45 to 50 years. Do the math..
Aristotle set the criteria for good money, 2300 years ago, notwithstanding gold and silver have over a 6000 year history of being accepted as a store of value. It has no counter-party risk.
https://seekingalpha.com/article/295877-aristotles-money-criteria-support-gold-precious-metals
From the above link, below are Aristotle's 4 necessary qualities of "money"
1. Durable- the medium of exchange must not weather, fall apart, or become unusable. It must be able to stand the test of time.
2. Portable- relative to its size, it must be easily moveable and hold a large amount of universal value relative to its size.
3. Divisible- should be relatively easy to separate and put back together without ruining its basic characteristics.
4. Intrinsically Valuable- should be valuable in of itself, and its value should be totally independent of any other object. Essentially, the item must be rare.
The creation of currency out of thin air is the underlying cause of inflation and amounts to a theft of the purchasing power of all currency in circulation: the paper USD in your pocket, the cyber-currency in your bank accounts, investments, IRA's, anything denominated in fiat USD.
Just as pouring water into whiskey to hide the theft of some whiskey. Spending fiat currency created out of thin air into the so-call money supply, dilutes the purchasing power of all fiat currently in circulation. Hence a store item that cost maybe 3 dollars last month, may now cost 4 USD. Of course prices are effected by supply and demand as well. The USSA went fiat in 1971 when we went off the gold standard. thousands of years of History tells us that the average life span of a fiat currency is 45 to 50 years. Do the math..
So you're sayin the proper ODT money is stippled Glocks?
At best, our economy will be one family selling/bartering the contents of their garage to the family next door
Reread requirement #1 please.
We chose this economic downturn because the MSM told us to. We are all rubes.
Not All: some of us saw a monetary collapse coming when we went off of the gold standard in 1971 and prepared accordingly. A real virus, for sure, Wuhan virus hysteria Thanks to the MSM, is a massive hoax blaming the virus as the cause of the current meltdown so the ones who have been causing the meltdown will not be blamed.
If it's "battleworn" does that count as durable?
I’ll buy that....
