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ZIMBLERZERO ---Trump Nominates Chris Waller, Judy Shelton To Fill Fed Vacancies

By: kathy_s16 in POPE 5 | Recommend this post (0)
Sun, 19 Jan 20 10:07 PM | 42 view(s)
Boardmark this board | Pope 5 		Msg. 49370 of 62138
(This msg. is a reply to 49248 by Zimbler0)
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What fraction of an ounce of gold would it take to buy a candy bar these days?

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Please don't mention candy bars on this forum.

Thank ye!

Ya know what candy is pretty good? Chocolate-covered cherries.

And everything else that is smothered with chocolate.

Dark Chocolate!


If you think education is expensive, try ignorance.


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The above is a reply to the following message:
Re: Trump Nominates Chris Waller, Judy Shelton To Fill Fed Vacancies
By: Zimbler0 in POPE 5
Fri, 17 Jan 20 10:43 PM 		Msg. 49248 of 62138

Medium of Exchange?

Micro > "On what basis should US currency be backed in your opinion?"

I suspect a better question might be "What should we use as a medium of exchange?

Or, what should we use to pay for goods and services.

What fraction of an ounce of gold would it take to buy a candy bar these days?

The real enemy is inflation.

And it would appear that throughout history ALL countries, empires, regimes,
whatever one wants to call them have indulged in it. 'Monetizing the debt'.
Borrow the money while it has value . . . inflate the currency . . then pay
it back with relatively worthless currency. In centuries of yore it was
done by changing the alloy of coins, and shrinking the size of the coins.

The reality is that the 'medium of exchange' has value because the folks
who use it believe it has value. That value can be manipulated - China
keeping the value of their currency artificially low to encourage the
purchase of cheap chinese schlock . . . The slow inflation of the American
dollar.

In some cases the folks are forced to use it . . . and in the case of
hyperinflation . . . well . . alternatives are sought. With the global
nature of todays economies such alternatives can be found.

But I'm not sure there is an asset 'they' can not use to devalue the
worth of the currency of the realm.

I think 'We the People' need to demand that our government stop de-valuing
our currency.

Zim.

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