EPTOn January 20 2010 04:37 Ricjames wrote:
you are dumb, learn another language at least that good and then come again
you are dumb, learn another language at least that good and then come again
And what the hell is your problem?
value of money - Page 3
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EsX_Raptor
United States2801 Posts
And what the hell is your problem? | ||
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Cambium
United States16368 Posts
Money has no concrete value; it has value because people believe it has value. | ||
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HazMat
United States17077 Posts
On January 20 2010 05:53 Chill wrote: - I'll do my best. I told that I won't be disappointing, but I've been bad so I apologize. I'm gonna try to be fired up again. Why the fuck would you derail this thread again? It started to get people talking and you just had to ruin it. You even got me talking  It is a known fact that money has value do to it being the currency nowadays. Imagine if one day money would lose it's value and become just another paper weight. | ||
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Geo.Rion
7377 Posts
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Intr3pid
Switzerland336 Posts
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Saturnize
United States2473 Posts
On January 20 2010 05:53 ieatkids5 wrote: it has value because the people value it and give it value, and because the government enforces it. The American Government didn't always have a monopoly on currency that it does today. The government can't just go, "hey guys heres some new money go and use it!" no there were other currencies besides the dollar that were worth alot more which were backed up by something(the dollar was too). It actually took awhile for the dollar to monopolize the currency in America. Of course it doesn't work that way anymore (sadly) and the dollar is pretty much fucked. | ||
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semantics
10040 Posts
On January 20 2010 04:19 meeple wrote: Define "value". Money no longer represents a quantity of gold that a bank has stored for you... but that doesn't mean it no longer has value. it has value as long as society plays along with it's given value. But it no longer an acutl standard where i can exchange it for gold or silver, it's also no longer needed cuz more of the world accepts currency it was needed when not everyone would accept a dollar or a pound but everyone excepted gold. "This note is legal tender for all debts public and private" is slapped right on the bill atleast a dollar note from the us | ||
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Not_Computer
Canada2277 Posts
Rare? Yes can be only found in certain geographic regions Difficult to extract and process? Yes requires intensive labour of metallurgy Does not rust/corrode/degrade? Yes can keep its form throughout centuries Can be made into anything? Yes extremely malleable Beautiful yellow colour? Yes Excellent conductor? Yes Bananas Rare? Yes can be only found in certain geographic regions Difficult to extract and process? Yes requires intensive labour of picking Does not rust/corrode/degrade? Yes although it does rot Can be made into anything? Yes many delicious recipes and desserts Beautiful yellow colour? Yes Excellent conductor? No ========== It's because it's an excellent conductor, obviously. | ||
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kulik-
Czech Republic305 Posts
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Intr3pid
Switzerland336 Posts
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kulik-
Czech Republic305 Posts
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intrudor
Canada446 Posts
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EsX_Raptor
United States2801 Posts
![[image loading]](http://i46.tinypic.com/2ce3gxu.jpg) | ||
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Ranix
United States666 Posts
Also: On January 20 2010 06:40 EsX_Raptor wrote: | ||
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RoieTRS
United States2569 Posts
When U.S. colonies were being settled, John Smith had the philosophy "if you don't work, you don't eat" and the modern currency was founded on that. Of course, money was existent long before that. | ||
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Yurebis
United States1452 Posts
On January 20 2010 07:16 RoieTRS wrote: I've always thought of money as a symbol for work. When U.S. colonies were being settled, John Smith had the philosophy "if you don't work, you don't eat" and the modern currency was founded on that. Of course, money was existent long before that. Being picky, it's not that you don't eat, but people won't provide you with the food they've produced. On January 20 2010 06:18 Intr3pid wrote: The US Fed is actually not a government but an independent institution. Its creation is mainly an achievement of J.P. Morgan and his peers in early 20th century. It's actually a very interesting story you mind enjoy if you are fond of the whole money thing. Oh my God, it's a conspiracy theory! Ban! It's not jut money that has no intrinsic value, arguably everything that is material (or immaterial, but that's obvious) has no intrinsic value until someone looks for it as a means to an end. By the power of austrian economics, I have the power! | ||
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exeexe
Denmark937 Posts
1. Both S and D is high 2. S is high and D is low 3. S is low and D is high 4. Both S and D is low 1. The value of the goods is normal 2. They cant sell the goods and has to lower the price. The value of the goods is low 3. There is not enough for everyone and buyers are fighting for the last goods by being the highest bidder. The value of the goods is high 4. The value of the goods is normal. Basically the value of money works the same way. The sellers are the federal reserve who print money and the buyers are the local banks in your neighboorhood. So basically its the bankworld who decide if your 100 dollar corresponds to 61.0958 Great british pounds which they do today. But maybe tomorrow your 100 dollar will correspond to only 10 GBP? How can you know what your 100 dollar will correspond to tomorrow when theres no gold to back it up? LOL | ||
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Achromic
773 Posts
Money (Currency) has value. The value of currency might vary from places to places. Maybe the value of money might rise or fall. But one things for sure, Money does have value. If you don't think so, then you are an idiot. | ||
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kulik-
Czech Republic305 Posts
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kulik-
Czech Republic305 Posts
On January 20 2010 07:16 David Mudkips wrote: I think that in the US the money was based off of how much golds the government had stockpiled. The more golds it had the more monies it printed. Some shit let to more and there is no gold standard and the dollar is based off of other currencies I believe. Also: so u are quite wrong... value of money is more like of amount of money | ||
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