Where Does Your Money Come From (cont'd)

I'm not down with the electronic transfer, what happens if there's an EMP?

I like physical money. Besides, coins can be used to make decisions (heads or tails) and they're also good for drinking games.

 

Emp could be bad. I see no problems with electronic transfer orders. I buy and sell stocks with electronic transfers, it's extremely convenient. My electronic transfer card, my debit card, is also really convenient.

 

Wow, I didn't know Libertarian's knew how to have fun... I thought they just hung out in their bomb shelters collecting gold and canned goods all day.

 

You kids assume that money is worth something.
During the depression my Grandpa's dairy used cardboard coin and tokens in lieu of money.
These coins were used as a reference of a service or commodity to be exchanged at a certain rate..If you bought milk and used these coins..repayment might be baked goods or help with the cows.
I have many( in a collection ) and treasure the thought that people actually TRUSTED that value system..The government used tokens for food..gas..milk..

You could use anything..Gold to me is dumb..you cant eat it..hard to hide and transport..and people used the barter system for years without any gold around.

Our current debt is used to cover up folks want stuff for FREE without effort.
50 years ago it wasn't this bad..

and you could buy several gallons of gas for under a dollar.
Too bad...

 

Somebody doesn't understand the immense value of indirect trade.

 

You claimed, wrongly, that gold and silver ARE money. I pointed out that the COINS are the money, not what they are made of.

Now you say in this post, " coins made from silver and gold are not money???"
Which shows that you not only do not know what is money, currency, and what is not, but you are also unable to accurately quote.

A 5 cent coin is 5 cents of money or currency regardless if its made from nickel and copper or if its made from steel.

If its made from copper and nickel, it value melted down and sold as METAL is more than 5 cents. But it is NO LONGER 'money.'

If gold were 'money' and you had a $20 Dollar gold coin, it would be worth $20.00. No more, no less. But I'll be extremely pleased to give you $20.00 for every $20.00 gold money coin you can round up.

 

Yea, there was a court case where someone was paying employees I beleive with gold coins and then paying taxes on the face value. Needless to say, the government had a problem with that.

 

No the indirect harm from those who use anything to get value from what ? Themselves ..others ?

A farmer trades what he has for something he doesn't have.
Some would work to help him produce more and some would work for the other person.
Taxes were thought up by both to hire someone to protect them so they could continue to farm..Hard to train and patrol while farming.

Its only when those who steal or dont work did we need more taxes to cover laws and enforcement.It wasn't that long ago when people who didn't work were forced out of any area they went to.. Enter politics..
We got along for centuries with direct trade and barter.

I doubt we will survive this century under this system.

 

Do you know what indirect trade is?

 

Drachma coins were used as currency in 1100 BC, that is 31 Centuries ago.

 

You guys are insane. Gold coins died like 200 years ago. Time to grow up and enter the real world.

 

In the real world we realize you can't print wealth.

 

Sure you can! Just like you can dig wealth out of the ground!

 

Iron is dug out of the ground- that makes us wealthy. It's amazing after all this time you still mix up my position. Digging up more gold only makes the world wealthier for the non monetary uses for gold.

 

Coins that aren't gold and silver would never be money without legal tender laws AKA government force. Real money is what would be money in the absence of government force, ie. gold and silver.

 

"In the ABSENCE of government," but govt IS here, is real, is not absent.

Seashell were once money. Shrunken heads might have been money once too. But a round metallic disk made of gold or silver is not "money" today. Nor is a blank piece of the proper kind of paper, "money." Once imprinted, they 'become' money of the imprinted denomination. But that denomination doesn't tell what that 'money' is really worth.

 

The goverment itself treats the gold content as the money not the coined face value..

 

I don't know if that is Keynesian or not, but that was the critical mistake the Bushies made with their tax cuts. You don't stimulate the supply side when everybody already has all the cars and houses and yachts they can absorb, as was the case in the early '90s. You stimulate the supply side when prices are rising and demand isn't being met. But I guess you do stimulate the supply side when you're looking for cash infusions from your corporate benefactors.

 

I'm hearing that the budget for military BANDS is higher than it is for the entire National Park Service. But we have to have our priorities.

 

How do they do that?

 

The government sells $1 Sacajawea coins for $1. The government sells $20 gold coins for $1800.

When you try to pay employees with gold coins an pay employment taxes on the face value the government gets really angry and you go to jail.

 

So then why were people who found gold considered wealthy?

Why is it that someone who finds a million dollars is considered wealthy?

 

It's not new wealth, it's appropriation of existing purchasing power...

 

Lol, so you still believe the first individual who found gold was screwed by everyone else who found gold after him because they took away from his purchasing power?

You are very stubborn!

 

Lol, what a foolish thing to say. Gold wasn't money when only one person had some.