Money

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Tero
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Money

Post by Tero » Tue May 13, 2014 5:19 pm

Explain to me how and why money worked in the past 2000 years and even before.

I read this book a couple of years ago
http://www.amazon.com/gp/aw/d/031651157 ... SY200_QL40

In it, they kept minting new coins every year, new designs. Forgers made cheap copies immediately. Metal was filed off from gold and silver coins, then melted to new coins.

Other than portability, I don't see an advantage to coins over trading goods and services.

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Re: Money

Post by Svartalf » Tue May 13, 2014 5:31 pm

How and why did precious metals have value? It's only due to WWI that money detached from its precious metal base.
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Re: Money

Post by cronus » Tue May 13, 2014 5:40 pm

Svartalf wrote:How and why did precious metals have value? It's only due to WWI that money detached from its precious metal base.
Paper money was used in China millions of years before The French Revolution when heads alone became legal tender. :coffee:
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Re: Money

Post by Tero » Tue May 13, 2014 5:41 pm

They had value as jewelry and as symbols of wealth. Gold especially does not oxidize in air.

And we are magpies: we collect shiny things.

For weapons and other construction, soft gold was useless.

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Re: Money

Post by Xamonas Chegwé » Tue May 13, 2014 5:45 pm



Obvious post is obvious, I know. But... Floyd! :biggrin:
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Re: Money

Post by cronus » Tue May 13, 2014 5:55 pm

What will the world be like after its ruler is removed?

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Re: Money

Post by Xamonas Chegwé » Tue May 13, 2014 11:51 pm

Excellent. Glad to see this thread has evolved into something positive. :tea:
A book is a version of the world. If you do not like it, ignore it; or offer your own version in return.
Salman Rushdie
You talk to God, you're religious. God talks to you, you're psychotic.
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Who needs a meaning anyway, I'd settle anyday for a very fine view.
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This is the wrong forum for bluffing :nono:
Paco
Yes, yes. But first I need to show you this venomous fish!
Calilasseia
I think we should do whatever Pawiz wants.
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Bella squats momentarily then waddles on still peeing, like a horse
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Re: Money

Post by JimC » Wed May 14, 2014 10:09 am

I think bottles of gin should be the new medium of exchange...
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Re: Money

Post by FBM » Wed May 14, 2014 10:25 am

A sack of coins is a lot easier to transport than a herd of cows.
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Re: Money

Post by cronus » Wed May 14, 2014 10:54 am

A wad of notes is easier still. Gotta get people trusting it ain't a bullshit circus with paper being so easy to print and everything.

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Re: Money

Post by rainbow » Wed May 14, 2014 11:07 am

I call bullshit - Alfred E Einstein
BArF−4

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Re: Money

Post by cronus » Wed May 14, 2014 11:11 am

What will the world be like after its ruler is removed?

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Re: Money

Post by Blind groper » Mon Jun 02, 2014 4:04 am

Of course, money today is no longer even a wad of notes. It is a record in a computer. Money exchange is a few electrons going from computer A to computer B.

Ultimately money is whatever the people trust.

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Tero
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Re: Money

Post by Tero » Thu Jul 24, 2014 11:43 pm

https://karireport.blogspot.com/
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International disaster, international disaster
Price of silver droppin' so do yer Christmas shopping
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Re: Money

Post by rainbow » Fri Jul 25, 2014 7:29 am

Blind groper wrote:Ultimately money is whatever the people trust.
Image




....therefore God.
I call bullshit - Alfred E Einstein
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