Except this is just ludicrous nonsense. The dollar had no value in 1933 or 1971? How can you even suggest that makes sense?
Impossible! The deficit is falling as well as unemployment Obama wrecking economy
- Thread starter ChesusRice
- Start date
Countries like Canada and the United Kingdom cannot possibly be compared to junta states and banana republics. I would be very nervous about my currency if I lived in the Central African Republic or the Congo; I wouldn't feel nervous at all if I lived in Australia.
Mad currency printing is usually a consequence of economic collapse. See Eastern Europe, Latin America, and Zimbabwe for prime examples. The economy might suck right now, but we aren't on the verge of collapse.
I'm not dodging anything. It's a subjective judgment.
Over a few decades, my number would include the United States and Western Europe; it would have excluded most of Africa, most of South America, and most of Asia. Developing countries are (and were) unlikely to be stable.
Where are those quotes we were promised?
Of course, you still can beat inflation with those assets. Can everyone? No. At average returns? No. Do I recommend those assets? No. That doesn't change the fact that you can beat inflation with those assets.
Harrekin
Well-Known Member
You realise those African currencies havnt failed because many of them are using a metallic standard?
Are you aware that Muammar Ghadafi was trying to change the African oil trade to use the African Gold Dinar instead of the US dollar?
Then he gets toppled with the support of the US...
The dollar would've been fucked had he succeeded...
But fiat currencies are awesome! Keep failing tokenderp.
Which country or countries uses a metallic standard? No one in the world is on the gold standard, and I'm not aware of anyone using silver either.
A plan as likely to be realized as Gaddafi becoming king of Africa. Oh, wait, he actually believed that happened when they had the coronation and declared him the king of kings!
Creating this African Gold Dinar would require agreement from everyone in Africa and the Middle East. How likely do you think it is that much more powerful countries would want to take their financial advice from puny little Libya? To suggest that as a serious motivation for removing Gaddafi is an exercise in absurdity.
Harrekin
Well-Known Member
The Dinar would've fucked your dollar right in the ass and you know it.
Who's gonna institute it now that they know the consequences?
What is your problem with PM's really tho?
What the fuck was this thread about originally anyways?
twostrokenut
Well-Known Member
Your number for what?? The same dodge that you are not dodging??
My question was for anyone here not just you, you still haven't answered it, seriously who wants to play chess with someone who thinks the rook may move diagonally at his whim??
twostrokenut
Well-Known Member
I tried to get it back on track a few pages ago....it is about obama lowering the deficit.
It was as silly and meaningless a dream as being the king of kings of Africa. If you think Saudi Arabia, Kuwait, Egypt, Nigeria, South Africa, or most other countries gave a fuck about anything Libya did or planned to do, you're not being realistic.
The United States intervened in Libya because civilians were being slaughtered and we've wanted to liberate Libya for decades. It was cheap, easy, and effective. It has nothing to do with your fanciful African Dinar, which even if created would have gone nowhere.
You asked how many stable and modern countries there were and I literally just answered you.
in 1971 the dollar was redeemable by other countries for GOLD!! Aftewr Aug 16th you could only get paper. They call that a default.
BTW you had no examples of currency creation without debt, they were thoroughly trounced and proved to be false, the fact that you do not accept defeat no matter how badly you get proven wrong is a testament to the psychological malady you are suffering from. Psychopathy is my guess.
twostrokenut
Well-Known Member
lol good luck with that
It was the GOLD!!!!
Look it up, follow the GOLD!!
It was the GOLD!!
it really was, the whole killing his own people? Khadaffi actually took better care of his people than any other African nation.
Gold!
That doesn't mean it was valueless afterward. Nor was it a default, since legislation isn't a contract.
The best anyone offered was "That's debt monetization!" Yeah, let's work that out--debt monetization. The phrase itself suggests the elimination of debt and the propagation of fiat currency, and yet none of you seems able to figure that out.
so the English pound is still worth a pound of sterling silver? I had no idea you got stupid, is it contagious?
Yeah, that's why the people gleefully rebelled and sought to depose him, to the extent that ordering the military to fire on civilians was necessary for survival. They really loved that guy, surely.
Inserting more words into my mouth? Changes in redemption don't mean the currency died. The currency is alive and well, still being traded for goods and services.
Debt monetization? That means turning debt into money, its what all fiat currencies are based upon. Every dollar in existence was brought into being by being loaned out. Not many loans with 0% interest applied.
So if Japan decides to call the Yen a dollar, its the same dollar as ours?
Just because it has the same name doesn't mean its the same thing.
When you make me a promise to pay me in gold and you break that promise its called a default, default means you cannot pay. No value.