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I didn't say I disagree
Money originally was supposed to represent something and was redemable for that item, if everything went to Hell in a Handbasket. It could have been baised on anything really but now it's baised on Nothing at All.
Just I don't understand what Wealth Creation is. Or for that matter what the term Wealth means.
It's supposed to be good but it's measure is something that has no real value as said above
You can't eat or drink it, and can easily live without it.
So what exactly is Wealth?
Also why was Quantitative Easing when practiced by Japan so bad but is perfectly acceptable when done by the US?
From my very limited understanding QE it is the first step in debunking the Value of Money and those who worship it. Have a big enough incident that adversely affects the Wealth or Money, like the US Defaulting on it's obligations and the Donald Trumps of this world have lots of paper and no real wealth. Even then they don't even have all of the Paper as it's not really possible to actually get, they are just told that a Organization will hold that much for them, however if it was ever demanded it would prove impossible to provide, if enough Owners wanted their Money at the same time.
After all they can not eat it or drink it and it's perfectly possible to live without it though I'll admit that Living Without it will be radically different to life as we now know it currently.
I had a similar conversation recently with someone who thought I was taking the P!$$ when I said I had more Shells than they did, and they where unable to comprehend that any society could have their currency based on something as silly as Shells.
Apparently having a institution print paper and call it money is OK but basing your currency on anything else is not acceptable.
By the same token I understand why the various Governments get really Narky when their citizens print their own money as it adversely impacts on that countries ability to pay for things but I then find it difficult to comprehend why the same Government who stops their citizens from printing their script is quite happy to do it themselves. Of course they use a Fancy Name for it and would never consider it Counterfeiting.
Col
Just I don't understand what Wealth Creation is. Or for that matter what the term Wealth means.
It's supposed to be good but it's measure is something that has no real value as said above
You can't eat or drink it, and can easily live without it.
So what exactly is Wealth?
Also why was Quantitative Easing when practiced by Japan so bad but is perfectly acceptable when done by the US?
From my very limited understanding QE it is the first step in debunking the Value of Money and those who worship it. Have a big enough incident that adversely affects the Wealth or Money, like the US Defaulting on it's obligations and the Donald Trumps of this world have lots of paper and no real wealth. Even then they don't even have all of the Paper as it's not really possible to actually get, they are just told that a Organization will hold that much for them, however if it was ever demanded it would prove impossible to provide, if enough Owners wanted their Money at the same time.
After all they can not eat it or drink it and it's perfectly possible to live without it though I'll admit that Living Without it will be radically different to life as we now know it currently.
I had a similar conversation recently with someone who thought I was taking the P!$$ when I said I had more Shells than they did, and they where unable to comprehend that any society could have their currency based on something as silly as Shells.
Apparently having a institution print paper and call it money is OK but basing your currency on anything else is not acceptable.
By the same token I understand why the various Governments get really Narky when their citizens print their own money as it adversely impacts on that countries ability to pay for things but I then find it difficult to comprehend why the same Government who stops their citizens from printing their script is quite happy to do it themselves. Of course they use a Fancy Name for it and would never consider it Counterfeiting.
Col
Moderator Posted by HAL 9000
Updated - 5th Oct
