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Money Or Gold ?
| Good [+1]Toggle ReplyLink» I_fucked_IansMom replied on Thu Jan 12, 2006 @ 4:44pm |
 Coolness: 49735 | Yes.. PReservatives were in high demands. |
| Good [+1]Toggle ReplyLink» Trey replied on Thu Jan 12, 2006 @ 6:23pm |
 Coolness: 103470 | MONEY
Money is fiat currency. It's a currency created by the goverment. Every goverment has a federal reserve that creates money by printing them or releasing them to the banks. GOLD Gold (and Silver ) is not a fiat currency. Goverment can't created gold or silver out of nowhere. There is a world supply and its value rise or lowers according to it. ---- without going complex on Economics... lets say you're a Goverment, your revenue is tax income from the citizens. But the citizens demands more and more. Infrastructure, social programs, military, etc... More spending needs a increase of revenue so you need to increase taxes. Tough shit, people want more but don't want to pay for it. So you borrow the money. You have to pay back what you borrow, so you print more money. But everytime you make mo' money, the less value it has.... High inflation sets in and that's not good. The price of goods is rising and your purchase power is falling. Your friends won't lend you money anymore cuz ur goverment money has no more value. Your money is dead. -i agree with Nitrous (N2O) and ecki|3z, go for gold, or any metal like silver, platinum, even copper. |
| Good [+1]Toggle ReplyLink» Trey replied on Thu Jan 12, 2006 @ 6:45pm |
| Coolness: 103470 | why the almighty U.S. dollar will fall....
For a long time, Nations held onto the US dollar because it's stable. There was a high demand for it. USA was spending their money like a jewish american princess in a mall with an unlimited credit card. But now with the Invasion of Irak, the US is getting mo' and mo' into debts. USA has the highest debt in the world. Europe, Japan, and China are all buying US bonds. Bonds are like I.O.U with interest. Eventually they will stop lending money to the USA, about $500 billion a year. Americans will see their money lose value as inflation soars. They will try to take their saving and convert it in a more stable currency, maybe the Euros. So mass people leaving the US dollar will debase it even further. But it won't stop there, it will continue with money, a vicious circle. sidenote; In like 2000 or 2001, Irak would not accept U.S. currency for their oil. It would only accept Euros, the US dollar took a hard hit. It's not only Blood for Oil, it's also Blood for Money. |
| Good [+1]Toggle ReplyLink» mdc replied on Thu Jan 12, 2006 @ 6:51pm |
| Coolness: 149520 | ummm.. money will never disappear
and gold will always have value... like was already said, gold is scarce, therefore global demand determines its worth... money has many ways to lose value |
| Good [+1]Toggle ReplyLink» cactain_steef replied on Thu Jan 12, 2006 @ 7:28pm |
 Coolness: 155380 | money can be printed, it is paper...therefore printed in excess..therefore decreasingits value. people can print themselves money... people cannot print themselves gold.
gold will be our economys future..because goverments cannot print gold overnight, and scam the population..they can dig for it..maybe make fake gold.. but real gold is far more valuable, and will take the reigns from print money in the future |
| Good [+1]Toggle ReplyLink» daFTWin replied on Thu Jan 12, 2006 @ 7:59pm |
 Coolness: 277140 | Yeah, money AND gold will never dissapear, societies have gone into recessions before and lik sammy said, gold did come into use, but people will always have mone, and trading will always happen using LARGE amounts of money that people seem t ohave more and more of these days, after all money does equal power. If there is another recession, anyone with money will be trying it among other people with money for anything they think they can get more money for.. and that could be gold.. |
| Good [+1]Toggle ReplyLink» ikce replied on Thu Jan 12, 2006 @ 8:21pm |
 Coolness: 66180 | So whatever happen, the only "valuable" thing is gold, cuz its limited. Ou tout autre métaux.
The more we create money the less it worth? I wonder if gold reserve in the USA are used for that. Keeping the gold for them, so like that they'll never run out of valuable stuff. I'm not a economist. But for my self, I think a limited ressource is way more valuable than something you can create like money. |
| Good [+1]Toggle ReplyLink» I_fucked_IansMom replied on Thu Jan 12, 2006 @ 8:37pm |
| Coolness: 49735 | You need to keep a certain amount of money in the economy to keep it working too much and it fuckens too lil and it fucks. |
| Good [+1]Toggle ReplyLink» Trey replied on Fri Jan 13, 2006 @ 3:53am |
| Coolness: 103470 | Originally posted by ECKI|3Z...
So whatever happen, the only "valuable" thing is gold, cuz its limited. Ou tout autre métaux. The more we create money the less it worth? I wonder if gold reserve in the USA are used for that. Keeping the gold for them, so like that they'll never run out of valuable stuff. I'm not a economist. But for my self, I think a limited ressource is way more valuable than something you can create like money. yes economix very complex....i don't get it myself. I try to explain it by writing, maybe it will be clear to me. it's fuck up. ---- 1. Lets pretend [ Rave.ca ] is a nation. There is a Federal Reserve bank. There are Commercial Banks. 2. [ Rave.ca ] Nation has 1 000 tons weight in gold. [ Rave.ca ] currency is the mojo dollar $. the Mojo dollar is worth 1 $ = x amount of weight in gold. i.e 1/10th ounce. 3. In all of [ Rave.ca ] we have, for simplicity sake, 1 000 000 $ worth of gold. In our humble nation, we have 1 000 000 mojo $ going around. this is what we call a GOLD standard The mighty mojo dollar is backed up by gold which is valuable around the world. 4. [ Rave.ca ] needs to grow. People hate new taxes so the goverment prints money. Screw the gold standard, [ Rave.ca ] is going FIAT currency and fractional banking. 5. In [ Rave.ca ] Federal Reserve bank we have 1 000 000 $ worth of weight in gold. The Reserve banks decides that we only need to back up 10% of our money in gold. Thus we print out 9 000 000 more mojo $. but it still not 'real" money. 6. the Federal Reserve Bank release the money to the Commercials banks. 9 000 000 $ The Commercial banks only need 10% of hard mojo money to back up. So with loads and credits, it makes 90 000 000 more money, the real currency.... 7. now we have 91 000 000 mojo dollar $ which only 1 000 000 $ is backed up by gold. The more money going around the economy, drives prices up... When the price goes up, your money value goes down.. 8. [ Rave.ca ] GOES TO WAR. We need oil, but Ravezone has alot of oil, and it doesn't accept our mojo dollar. The mojo dollar lose its value in the world market, cuz you can't buy Ravezone oil with it. Anyway [ Rave.ca ] crush Ravezone military and with the new puppet goverment, we can buy Ravezone oil with mojo. (but we don't really need the oil, cuz other countries have ample oil supply for sell. The war is to reestablish our Mojo $ in the world market). 9. The war is costing us alot of money. So we borrow it from other countries, we sell [ Rave.ca ] bonds. Sorta like we pawn our natural assets. if XVI buys up half of [ Rave.ca ] bonds, it will own half of [ Rave.ca ] if we don't pay them back. 10. To pay back our creditors, the Federal Reserve Bank print more money.... more money means.... you guess it, more inflation. And we are only paying back the interest on the loan... As our mojo $ decrease in value, people will look for a safer currency. You will need alot of mojo $ to buy a foreign currency cuz our money is worth next to nothing.... economic collapse...chaos ensues. |
| Good [+1]Toggle ReplyLink» soyfunk replied on Fri Jan 13, 2006 @ 8:46am |
 Coolness: 127475 | oh shit!
chocolate, coffee and tabacco was valuable when i was hanging out in the bush especially tabacco |
| Good [+1]Toggle ReplyLink» Trey replied on Fri Jan 13, 2006 @ 2:44pm |
| Coolness: 103470 | Sam what year did you left your homeland?
and did your family leave everything behind? |
| Good [+1]Toggle ReplyLink» I_fucked_IansMom replied on Fri Jan 13, 2006 @ 2:46pm |
| Coolness: 49735 | hahaha. |
Money Or Gold ?
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