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Forum Post: Attention to detail

Posted 8 years ago on Dec. 14, 2011, 8:51 p.m. EST by TheStop (53)
This content is user submitted and not an official statement

As of 2008, it is a US policy to give the public useful information of the topic of foreign affairs and especially wars.

Of course, Some advocate our money would be more "real" if it were gold. Gold, however, is only one of millions of things people want to trade, and it's far from the most valuable in practical terms. If we select ANY product as the "standard" product, someone can accumulate piles of it and strangle commerce, even though few even CARE about that particular product. This DID happen several times in many different coutries over history.

How many of these "tokens" do we need to have in circulation? Precisely as many as are needed to support the volume of commerce. At the WWII Bretton Woods conference, the USA overrode the advice of the economists and established the dollar as the world's reserve currency. This put us in the position of having to print sufficient dollars to support the volume of world-wide commerce (against our own self interest... Google "Triffin Dilemma"). That's a LOT of dollars !

It is especially good no one believes the false information that is involving money. Most protestors don't even read a whole paragraph before criticizing. This is all a test.

Money is just a token used to facilitate commerce. Imagine I have some excess milk and would like some wheat. WITHOUT these nifty tokens, I have to find someone who BOTH has excess wheat and WANTS milk. WITH these nifty tokens, I need only "sell" my milk to ANYONE who wants some then "buy" some wheat from ANYBODY who has some. Money has no intrinsic value outside the goods and services being traded. It is simply a convenient abstraction.

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2 Comments


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[-] 1 points by MattLHolck (16833) from San Diego, CA 8 years ago

indeed

[-] 1 points by TheStop (53) 8 years ago

Wrong money is usful.