Nemo,
re: "OK DE. I value this highly over gold, Shoot away, prove me wrong,,,,,,,,,,"
Okay.
When I go to a Supermarket, I typically buy $150.00 of food. How am I going to lug around 75 cans of Stagg Chili?
I have cash at some of my banks that has sat untouched for twenty years. Your cans of Stagg Chili will begin losing their vitamin content in approximately one year.
Some of your chili cans will grow botulism and explode.
Stagg Corp. begins changing the size of its cans, causing widespread confusion. Is it the WEIGHT of the can that determines its value, or the amount of tin in each can, or an arbitrary value assigned to the cans by the U.S. government.
If Dennison's and Van Camp make similarly designed and sized cans, do they take on value as money too?
My net worth is $5 million dollars (not really, but go with it for the sake of this post.) Where am I going to store 2.5 million cans of Stagg Chili?
How am I going to buy something that is worth only ONE THIRD of a can of Stagg Chili?
What am I going to do about the fact that almost nobody else WANTS much Stagg Chili? It isn't likely to gain wide acceptance as money.
In a special promotion, YUM! corporation announces that it is going to sell large pizzas via its Pizza Hut franchise for $5 for the entire summer. College students stop buying Stagg Chili. Taco Bell (ironically, also owned by YUM!) and Weinerschintzel shares plummet as their customers switch to pizza instead of burritos and chili dogs. The price of beans and chili fall off a cliff.
What happens to the Chili-backed American dollar? It tanks. We experience a catastrophic Depression. Farmers cease growing beans, and the American government has to subsidize them until demand returns.
Finally, there is an enormous famine. Folks decide to eat their "money." Money becomes scarce and the economy AGAIN suffers.
Money should be: Easily carried even in large quantities, Divisible, Widely Recognized as Money, Durable, non-Degradable, Stable (in its demand) and difficult to counterfeit.
Stagg chili fails most of these tests.
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