What is Money? What is Money? - Talk of The Villages Florida

What is Money?

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Old 07-06-2025, 11:15 PM
MorTech MorTech is offline
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This guy is exactly right...An actual genius.

https://www.youtube.com/watch?v=Y37wn-f5hmE

Younger people are starting to wake up...They may be the first on Earth to be truly free/civilized and not serfs to external authorities and their Ponzi fiat. Ahh, to be 20 again
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Old 07-07-2025, 04:41 AM
Whatnext Whatnext is offline
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When barter was replaced by coinage, the actual coin, whether gold, silver etc. had the value of its worth in the actual metal.
Later when banks all printed their own promissory notes, they backed their paper amounts with gold.
Seems to me, all currency today, old and new, is based on a nod and hope, but its what we have, and until we don't have it, we just carry on using it.
The whole thing is a pyramid, and take out one bottom brick and it could all collapse.
Even precious metals, diamonds will be worthless, as there will be no actual currency to give it value.
Back to barter!
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Old 07-07-2025, 06:07 AM
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Even the value of diamonds are falling with influx of man made diamonds into the market.
Now if I could only turn lead into gold….
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Old 07-07-2025, 06:26 AM
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Funny Money.
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Old 07-07-2025, 07:07 AM
CoachKandSportsguy CoachKandSportsguy is offline
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because bitcoin only has the value from the full faith and credit of the tech bros. . .

just another store of value based upon belief.

no electricity, got benjamins bro?
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Old 07-07-2025, 07:11 AM
Bill14564 Bill14564 is offline
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Not two minutes in and I get that uncomfortable feeling that the fast-talking, hand-waving guy is trying to sell me swampland.

I can put my trust in the full faith and credit of the US Govt. or I can put my trust in the fast-talking, hand-waving guy who wants to sell me something.
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Old 07-07-2025, 08:05 AM
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Beads and shells were much better.
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Old 07-07-2025, 09:26 AM
OrangeBlossomBaby OrangeBlossomBaby is offline
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Quote:
Originally Posted by Bill14564 View Post
Not two minutes in and I get that uncomfortable feeling that the fast-talking, hand-waving guy is trying to sell me swampland.

I can put my trust in the full faith and credit of the US Govt. or I can put my trust in the fast-talking, hand-waving guy who wants to sell me something.
Why do you have to put your full faith and/or trust in either?

I don't have full faith in the US Government. But the US Dollar is the money I'm able to use here in the USA to represent my trade of goods and services. So I'll use it. Even though I don't trust it to remain stable indefinitely.

In fact, I know that it's not a stable commodity. It fluctuates. And THAT - the fact that it fluctuates - is really the only thing I have full faith and trust in.
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Old 07-07-2025, 09:36 AM
Bill14564 Bill14564 is offline
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Originally Posted by OrangeBlossomBaby View Post
Why do you have to put your full faith and/or trust in either?

I don't have full faith in the US Government. But the US Dollar is the money I'm able to use here in the USA to represent my trade of goods and services. So I'll use it. Even though I don't trust it to remain stable indefinitely.

In fact, I know that it's not a stable commodity. It fluctuates. And THAT - the fact that it fluctuates - is really the only thing I have full faith and trust in.
What is your alternative? With my deed restrictions I could never grow enough beans to trade for a dinner at Harvest…and then I would need to figure out the tip.
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Old 07-07-2025, 11:10 AM
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Old 07-07-2025, 11:58 AM
Michael G. Michael G. is offline
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Originally Posted by MorTech View Post
This guy is exactly right...An actual genius.

https://www.youtube.com/watch?v=Y37wn-f5hmE

Younger people are starting to wake up...They may be the first on Earth to be truly free/civilized and not serfs to external authorities and their Ponzi fiat. Ahh, to be 20 again
If you tied his hand behind his back, he couldn't talk. 😦
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Old 07-07-2025, 12:55 PM
Whatnext Whatnext is offline
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Originally Posted by Michael G. View Post
If you tied his hand behind his back, he couldn't talk. 😦
Must be Italian blood there somewhere.
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Old 07-07-2025, 01:13 PM
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Quote:
Originally Posted by OrangeBlossomBaby View Post
Why do you have to put your full faith and/or trust in either?

I don't have full faith in the US Government. But the US Dollar is the money I'm able to use here in the USA to represent my trade of goods and services. So I'll use it. Even though I don't trust it to remain stable indefinitely.

In fact, I know that it's not a stable commodity. It fluctuates. And THAT - the fact that it fluctuates - is really the only thing I have full faith and trust in.
Correct.

What requires us to use USD as a medium of exchange is the fact that tax remittances must be made only in that medium, at gunpoint. Failure to comply will land you in prison.

Other mediums of exchange might be useful, but as OBB points out, both parties must agree to use said medium. When you have 325 million people and countless commercial entities constantly exchanging, it's really tough to find a common currency.
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Old 07-07-2025, 03:26 PM
OrangeBlossomBaby OrangeBlossomBaby is offline
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Originally Posted by Bill14564 View Post
What is your alternative? With my deed restrictions I could never grow enough beans to trade for a dinner at Harvest…and then I would need to figure out the tip.
I have no alternative. That's why I stated that I use it. You don't need to have faith and trust in a thing to know that you have no other option at the moment.

There are people in this country who live 100% off the grid, producing their own food, composting 100% of their waste, with trained medical professionals living right within the community, who use swap-meets to acquire and provide goods and services. There are communities like that right here in the good ole USA.

I'm not interested in living in one of those, but sure - those are totally alternatives to money.
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Old 07-07-2025, 06:44 PM
Old Traveller Old Traveller is offline
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You need oil, metals, rubber and electricity to survive in the modern world. Oil, worldwide, trades in US dollars. The US dollar does the best job of measuring productivity, but it is far from perfect. Bitcoin is the dollars biggest adversary. I really don't understand how Bitcoin can measure productivity any better.
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