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/biz/ - Business & Finance

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20828311 No.20828311 [Reply] [Original]

>Gold and Silver is money
>USD,YEN, AUD e.c.t Fiat is CURRENCY

What is with this autism?

>> No.20828407

>>20828311
1. legitimize PM's in an historical, ethical, and cultural context
2. delegitimize fiat in the same contexts
3. believe that any time fiat faces a problem the only reasonable alternative is abandoning it in favor of metals

there are a few logical problems with this, the main one being that when the world went off the gold and silver standards our wealth increased by thousands of times as measured by various standards of living. And that no matter how badly fiat crashes it can't be as bad as when we used gold and silver to trade.

but they want to believe. So they abuse language to make it agree with them.

>> No.20828440
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20828440

>>20828311

>> No.20828569
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20828569

>>20828407
keynesian economics takes peoples wealth. It does not make them wealthier.
It is just a scam that works off peoples ignorance

>> No.20828600

>>20828569
yes, of course.

but 'wealth' doesn't matter, it's imaginary to begin with. You trade 'wealth' on credit to buy equity. Inflation lowers the value of the 'wealth' you owe over time, so you actually spend less work to gain more equity while supporting a massive banking and taxing industry.

it's an IQ test, and almost everyone here fails it.

>> No.20828814

>>20828600
I'm rebuting your point of standard of living increasing. I now the mechanism of the scam.
Living in a society of slaves in exchange for materialism is the goal of the pathological

>> No.20828859

>>20828407

Standard of living rose in spite of fiat, not because of it. Using the vestiges of prosperity built by gold. Now, no more prosperity to spend.

>> No.20829090

niggers, standard of living increased due to technological innovations and more efficient uses of resources due to globalization. deficit spending enabled by printing currency just accelerated it and made those innovations accessible to more people

>> No.20829202
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20829202

It's pretty simple

>> No.20829224

>>20828814
you have to work no matter your standard of living. In fact the lower your standard of living the more you have to work.
>>20828859
assuming we stuck with gold and the amount of gold is limited while population sizes and trade would grow exponentially, that would require increasing the value of gold to cover trade and growth.

if you can increase the value to adjust for growth it's no different from fiat.

>> No.20829325

>>20829224
keynesian economics maximizes the employment rate by never letting people accumulate enough wealth to retire

>> No.20829360

>>20828311
>What is with this autism?
Facts are autism, now?
Fair enough.