Therefore gold is worthless.

ok yeah

@Timeward wise

it's valued because it's rare

It isn't that rare.

HOWEVER, now that the economy is in its new dive, the FED thought it was a good idea to print a fuck ton of money for a stimulus package. And that failed.

Not end a simple cursory understanding of philosophy in this one

it's a foundation for currency

Palladium standard. Platinum standard.

one piece is the most vapid "lets keep this going because idiots keep watching it" anime series
prove me wrong

Why gold standard.

EHM

GOLD is used as money because!

Cause y'all are retarded.

Latinum standard.

💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸 💸

the whole point is that currency is based of a fixed point of reference

It's rare enough to be valuable, but not rare enough to be unfeasible to produce currency out of

It's pointlesa

Now the FED wants to lower interest rates on loans to 0% so organizations who take federal loans can pay off their debt faster and get money circulating.

Gold standard is an autistic take on money

i knew it
the skeleton wars have begun

ninja it's metal or fiat

gold also doesnt corrode or tarnish naturally, making it naturally long-lasting

you'd rather have fiat?

we currently use monopoly money

We cannot have the current economy based on gold standard.

Yes

Monopoly money is fine

Because money has the value we give it

Gold or otherwise.

Changing the backing of a currency doesn't change the fact it has no real value.

Gold is seen as valuable because its just rare enough and naturally long-lasting and untarnished

https://en.wikipedia.org/wiki/Price_revolution

me when i get isekai'd

also its pretty

Also, Burma (myanmar) wants to create a unified asian currency as its the least inflated asian currency by uniting the gold supply of the asian currencies under its own. Sort of like an Asian Equivalent to the Euro but backed by a gold standard.

I never understood how bitcoin worked... I never understood what was backing it...

Moving the logical problems aroind don't resolve their existence, they just move the problems somewhere else.

https://www.youtube.com/playlist?list=PLhyKYa0YJ_5CL-krstYn532QY1Ayo27s1 this chat rn

Bit coin has nothing backing it but autism Tax Man