Musicmystery
Posts: 30259
Joined: 3/14/2005
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quote:
ORIGINAL: pahunkboy
Why not dump physical computer for a paper computer?
You both are being dicks.
1) You buy and pay for stuff with paper everyday. Why not just send all that paper to me? I'll get rid of it for you. I use a physical computer because it works. I use paper money too because it works. In fact, legally so.
2) You are ignoring the difference between a note and any other kind of paper.
3) You are pretending there's no difference between something used for money and the resources they can represent.
4) Why don't you take silver to the store for groceries? Because they'd rather have cash--what we use for money. I suppose there's no point in telling you yet again that you both completely misunderstand what money is and does, as you just keep dancing around about how the Fed creates money, something we all know, hell, even high schools teach this now. You just don't want to grasp the idea because, like your other pet rants, you're still getting over leaving the gold standard, and the reason it bothers you so much is that you can't see how money--gold, silver, paper, shells, salt, or coffee beans, works, mainly because you don't want to, preferring to lament the gold standard.
5) In answer to the question "What does this have to do with the stock market"--Nothing. I told you both that pages ago. Then, when you didn't like the data, you switched from insisted it was relevant to proclaiming it irrelevant.
6) You were both touting silver and gold as solid investments. They are not, as history shows.
7) That silver and gold spiked on foreign markets when Nixon abandoned the gold standard is not only not surprising, but in fact predictable. The dollar bounced around for a while before it found a market position reflecting its value, and naturally people turned to silver and gold while that was happening--not as long term investments, but as temporary havens. When the dollar settled, people dumped silver and gold, bringing prices back down.
8) If Nixon hadn't stopped the gold standard, arbitragers (would had already twice brought the Bank of England to its knees, and were making runs at the dollar) would have done the same thing here, exploiting the difference between the dollar's true value as reflected by it's economy and it's artificial value pegged to gold. We'd have been forced to devalue the currency, and as many times as arbitragers repeated the exercise. Instead, we went to a managed float, just as most countries do now.
9) Gold and silver backed currency is NOT more stable--rather, this backing is an official and arbitrary stability, the illusion of stability. It doesn't make the economy suddenly stable--ask Chinese peasants. It doesn't make the gold and silver suddenly stable either. What it DOES is arbitrarily fix costs. How's that for socialist government control?
10) Now, if I remember correctly, this thread is about the stock market, not your pet monetary ramblings, positions we all know inside and out anyway, as you stick them into thread after thread after thread after thread after goddamn motherfucking thread.
< Message edited by Musicmystery -- 6/5/2010 10:35:28 AM >
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RE: Imagine there's no stock market... - 
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