Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Sure you can. Do some research on the State of Utah for example.
Our dollar has little value. That is why is takes more dollars to purchase the same item(s) you have been purchasing for years, and are now getting even less of (size/oz. wise)
Perhaps some research on the gold standard, what printing money and QE is all about would help in understanding? Oh and inflation is some good but sad reading as well.
I think you don't understand what the word 'value' means. To help, I pasted the definition below, and I italicized the parts you should read twice. Your welcome.
val·ue [val-yoo] Show IPA noun, verb, -ued, -u·ing.
noun
1.
relative worth, merit, or importance: the value of a college education; the value of a queen in chess.
2.
monetary or material worth, as in commerce or trade: This piece of land has greatly increased in value.
3. the worth of something in terms of the amount of other things for which it can be exchanged or in terms of some medium of exchange.
Location: In a Galaxy far, far away called Germany
4,300 posts, read 4,408,773 times
Reputation: 2394
Yo' Knowledgsky - dude! The gold standard didn't cause the Great Depression. Some blamed the use of the Gold Standard, but they were really protesting the fact that the Gold Standard didn't allow them to give out enough credit (bail-outs) to solve the problem (by their estimation). Of course, having done this recently, we now know that this would have only made the Great Depression worse and would have protracted it. The market is a very much a living thing and sometimes living things get sick. The only cure is to allow the sickness to run its course. The market cannot die - it can only get sick. The trick is not allowing the sickness to linger. Bailing out corporations and banks isn't the answer. Allowing the free market to weed out the sickness is the answer. If it doesn't work - it withers and dies - its evolution in practise.
If I walked up to poster claiming it has no value with a nugget the size of a baseball and offered to trade it for their shoes what would they say? Of course gold has value.
On the other hand, people who think it will be some panacea for good living in a mad max scenario are equally clueless.
Gold lasts for ever - you can put it in some container - let it sit a billion years and it comes out looking exactly the same - It is an eternal substance..as for value - You really can not eat it...It is still more valuable than paper or plastic but not by much...Money in any form is EXACTLY like religion - it is a belief system...You have to believe that it has power because in realty it does not - The belief system is exaclty like relgion in respect to the fact that in order to have power --you have to practice submission and agree to be the other persons slave who has the most cash...It's coersive..no cash no food - and if you deny this system - the sytem has a way of ganging up on you and swarming you out of existance with an army of believers in MONEY.
We stopped using the Gold standard because there is simply not enough gold to support our Forver War. As dollars can be converted to gold and gold to dollars I would consider it to be money. As everyone is currently screaming to buy gold, I suggest selling is in order.
Using credit and debit cards is about as abstract as you can get. I pick up some groceries, swipe a card at the checkout and I get to eat the groceries. Where is the money involved? Where is gold involved? Why care so long as you can buy the food?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.