21777 pts · April 12, 2012
Dude obviously there's a purpose of... wait OTHER than being an a-hole? No not really.
If you're going to cite a law, use a US government source and not some hokey .net with articles about Hitler's kids.
How are you measuring the wealth that the central bank is taking?
Also, look at the price of gold over the last 10 years versus the price of milk or a bottle of Coca Cola. Tell me which is more stable.
Which currency are you talking about? That isn't true for USD, EUR, GBP or any other modern, stable currency. For very good reasons.
Why is the price of gold your baseline and why are you assuming that a change in the price of gold = change in value of currency?
https://en.m.wikipedia.org/wiki/Money_creation. It's more complicated than that. You're focused on spending when the key is lending
That's not a query that's a hypothetical statement
What is your angle then?
the best conditions for overall economic growth. Check the fourth paragraph of that link I pasted. Or are you just not seeing it ;)
It's not because of printing of spending money, it's very intentionally (and publicly) because a slowly inflating currency provides
USD average inflation over the last 40 years is under 4%, it just seems dramatic because of compounding interest.
And what do you think I don't see and why do you think I don't see it?
If you stick with Wikipedia, you'll figure those out too
https://en.wikipedia.org/wiki/Inflation
Lots of reason. Inflation but also during the financial crisis everyone panicked and bought gold, pushing the price through the roof.
I believe so - back in the 19th century I believe? Like the old English system: pounds sterling could be exchanged for silver on request
It's only fraud if you lead them to believe that the Monopoly money is something it's not.
So you understand why a government backing a currency with a commodity, especially gold, is a really terrible idea?
If you really miss the gold standard, you need to read more about the Great Depression and what caused it to spread throughout the world.
But it is backed because you can still get gold for it, just not necessarily from the government.
Still is. I guarantee you can still get gold for USD.
It is absolutely part of the government. The government created it, set its policies, and determines its leaders.
There's an amendment to the constitution for income tax, which is as constitutional as it gets.
In exchange for almost anything in the world and yes, you can most certainly buy gold with it.
My next sous vide project is creme brûlée! Super excited!
Should *have*
Puff puff pass. He passed.
Seriously fucking amazing
How the fuck do you just have this? Plusest of ones.
Dude obviously there's a purpose of... wait OTHER than being an a-hole? No not really.
If you're going to cite a law, use a US government source and not some hokey .net with articles about Hitler's kids.
How are you measuring the wealth that the central bank is taking?
Also, look at the price of gold over the last 10 years versus the price of milk or a bottle of Coca Cola. Tell me which is more stable.
Which currency are you talking about? That isn't true for USD, EUR, GBP or any other modern, stable currency. For very good reasons.
Why is the price of gold your baseline and why are you assuming that a change in the price of gold = change in value of currency?
https://en.m.wikipedia.org/wiki/Money_creation. It's more complicated than that. You're focused on spending when the key is lending
That's not a query that's a hypothetical statement
What is your angle then?
the best conditions for overall economic growth. Check the fourth paragraph of that link I pasted. Or are you just not seeing it ;)
It's not because of printing of spending money, it's very intentionally (and publicly) because a slowly inflating currency provides
USD average inflation over the last 40 years is under 4%, it just seems dramatic because of compounding interest.
And what do you think I don't see and why do you think I don't see it?
If you stick with Wikipedia, you'll figure those out too
https://en.wikipedia.org/wiki/Inflation
Lots of reason. Inflation but also during the financial crisis everyone panicked and bought gold, pushing the price through the roof.
I believe so - back in the 19th century I believe? Like the old English system: pounds sterling could be exchanged for silver on request
It's only fraud if you lead them to believe that the Monopoly money is something it's not.
So you understand why a government backing a currency with a commodity, especially gold, is a really terrible idea?
If you really miss the gold standard, you need to read more about the Great Depression and what caused it to spread throughout the world.
But it is backed because you can still get gold for it, just not necessarily from the government.
Still is. I guarantee you can still get gold for USD.
It is absolutely part of the government. The government created it, set its policies, and determines its leaders.
There's an amendment to the constitution for income tax, which is as constitutional as it gets.
In exchange for almost anything in the world and yes, you can most certainly buy gold with it.
My next sous vide project is creme brûlée! Super excited!
Should *have*
Puff puff pass. He passed.
Seriously fucking amazing
How the fuck do you just have this? Plusest of ones.