Care about it or not it is what the fed has always run on since the invention of the printing press
If you're nazi germany the former, if you're soviet russia the latter.
That is indeed what happened in both of the above cases.
Unless you're the middle class yeah.
Currency needs 2 things, Scarcity and agreed value, faith only covers half that. The reason gold or silver or beads or shells or big fuck off rock circles all work and have worked as currency because they are naturally scarce.
I'm pretty sure it's a 'Bob Dylan' pun.
no strictly true. Silver and gold are themselves valuable, and do not require faith in a central government. people are not easily fooled. when the Romans debased the Denarii in the 3rd century the government tried to silver plate base metal coins and try to pass them off to the populace as good money. it didn't do anything other than drive the real money out of circulation leading to hyper inflation and the collapse of fully monetized economy into one of bartering.
I was talking about massie. i think i replied to the wrong message. oops.
The amount of national debt has no direct dependency on how much money is being printed which is what you're talking about here. The only two major times overprinting occured were in the 2008 crash wit QE and covid. I do not believe either of those should have happened, but they weren't world ending amounts and both have almost course corrected. More importantly they don't have much to do with the debt. And i speak as somebody who had his family and life ruined by the 2008 crash, I want those people fed to sharks as much as anybody i assure you.
Fixed scarcity isn't a good thing because it punishes people for actually spending money and contributing to society. The other ending of that stick is bankers being loan snakes but incentivizing everyone to sit on their money and do nothing causes the exact same problems. This caused the great depression and the french crash in the 18th century and a similar thing for spain in the 17th century.
Can you wear them as clothing? Because you CAN do that with cloth which is what dollars are made from.
Trump's administration has completely collapsed and it's all thanks to one AWFL who's name will be celebrated throughout history once Democrats inevitably take back power, and never lose it.
There is nothing to be positive about. The MAGA agenda has been defeated.
Both are still useful industrially, but that's far removed from trading a shiny for a food and I feel like if society crashes so that people are trying to trade gold for goods, it won't be because they are trying to plate electronic contacts.
Get to work wagie. Obese foreigners need you to pay for their welfare.
I think what he's saying is that Robert Zimmerman became Bob Dylan because he liked Dylan Thomas. The rape ape's stage name is obviously a reference to Zimmerman's stage name.
It's official. This administration is worse than Biden.
This is exactly my point. They're not trading for gold because of its pragmatic uses but because of the illusion that it's the thing everyone else will accept as currency, the faith in it.
Shh, don't tell Marxists that.
Not anymore. Any other irrelevant nonsense?
Let them have their victory lap. It's never been more over for anyone who voted for Trump.
any one who would put their grandma in a nursing home isn't going to care that she's living under a bridge.
