*cute *wheels *travel

A dollar has value if you can buy shit for a dollar.

Gold likewise has no exchange value if you cant exchange it for goods and services. Its rare and chemically stable and good for memorial coins, has many technical uses and looks cute, but otherwise it hardly matters what symbol for money you choose. There is 200 years of experience with fiat money and gold and silver standards and fiat money has been better, not just usually better or better in some scenario, universally better.

Symbolic money is practical and facilitates quicker turn around prevents deflation makes speculative runs on currency harder and smoothes the economic bumps in the road in general.

GDP is just a metric. Not a bad one but not the actual goal.

USofA is teh most developed. Should have used growing. Deflation in an economy that is growing kills growth.

Restarting countries not only get to ignore their debts, they immediatelly start borrowing again.

The only countries that dont borrow are countries no-one will lend to and countries so rich in some silly resource they can float high in the international currency system without borrowing. Borrowing is good for bussiness.

What is outrageous idiotic bullshit? Believing pegging the value of your paper note to some hoarded luxury makes it a better representation of the mean value of goods and services bought and sold? I could do without gold except for the jacks on my audio cables (just kidding). It does not matter what I exchange for food and gas, if it gets me food and gas, its good money.

Money is what you can pay taxes with. Do they take gold?

If you insist your dollar has the value of some weight of gold how does that influence the willingness of someone else to sell you shit? Unless they specifically intend to buy gold at a fixed price they dont care. They are going to use your dolar to buy some other shit from someone else. So if you take the actual currency out of the equation, when you decide on buying and selling shit you are intuitively comparing that decision with all the other decisions about buying and sellin that you know of. The currency is just a good way to count the measure of usefullness of a product or service and compare among many. Pebbles, bottletops, dollars, gold, pearls, all just a number.

A dollar could be backed by gold or it could not, this has zero impact on the transactions made. What matters is how many transactions are made, at what value, and how much money is available to the entire marketplace in a given period of time. Transactions quickly pass the ability of a gold standard to keep up. If you want a gold standard you have to slow transactions down because you dont have the money for them.

This is why markets need some regulation, otherwise someone might sell the universe twice and then default on one. But a gold standard, at least the type of gold standard I believe was talked about in this thread as a miracle cure, would be too limiting.

*cute *kids

Adding video to channels (Cute, Kids) - requested by ant.

Therein lies the problem: most people HUGELY over-estimate their 'Acceptable risk level'.

- "This crumbling cliff edge above a 1,000 foot gorge is the PERFECT place for a selfie!" (one of the saddest deaths in WA was when one of the best skiers in the state decided to look over the edge of a cornice. It gave way and she fell almost a thousand feet to her death.)

- "100f and 0% humidity? What a perfect time to go for a 10 mile, uphill hike with only a can of Coke and some salty beef jerky!"

- "10 essentials? Beer, pot, lighter, cellphone, hat, earbuds, that little map they give you at the visitor center, more beer and is that 10?"

- "I can read a map just fine! This off-trail hike through a rugged part of the park will be breeze!"

- "I can get signal anywhere in this enormous national forest!"

- "Aww! What a cute little baby bear!"

- "Can we get an Uber at the bottom of this ravine?"

- "Let's go swimming! This raging river of snow melt will be the perfect place to cool off!"

etc etc etc

Promoting this video and sending it back into the queue for one more try; last queued Tuesday, January 25th, 2022 4:35pm PST - promote requested by newtboy.

Adding video to channels (Cute) - requested by newtboy.

*cute
*promote

Adding video to channels (Cute) - requested by ant.

Adding video to channels (Cute, Food, Kids) - requested by ant.

*cute but those are fake eggs!

Adding video to channels (Cute) - requested by ant.

Adding video to channels (Cute, Health, Kids) - requested by ant.