what is money?? - GoFuckYourself.com

grumpy · 10-24-2008, 01:07 AM

Does anybody here really knows the concept of money?

Rorschach · 10-24-2008, 01:09 AM

http://video.google.com/videoplay?do...74362583451279

grumpy · 10-24-2008, 01:12 AM

Quote:

Originally Posted by Rorschach

http://video.google.com/videoplay?do...74362583451279

You spoil it.

Rorschach · 10-24-2008, 01:13 AM

you asked, i answered... sorry

sheken · 10-24-2008, 03:03 AM

That video is one way to put it, but at heart, fiat currencies represent the productivity of a nation. Money simply is a measure for how much work a human being does, how efficient, and how rare/difficult the work being done is.

All the lunatics calling for the gold standard are basically stuck in another era and they can't explain the following simple 'dilemma':

Why is the United States a wealthy country while countries with tons of resources ( Nigeria/Venezuela for example ) are poor ?

The obvious answer is ofcourse that natural resources alone have no bearing on the wealth of a nation and it is up to productivity and technological advances to bring wealth to humans.

As long as the United States keeps up its productivity and R&D, they have nothing to fear.

blademaster16 · 10-24-2008, 03:19 AM

Money? food , booze and women

L-Pink · 10-24-2008, 03:45 AM

Money is a social chit based on what you provide society.

You mow a yard you get 25 social chits to exchange for someone else's work.
You play basketball you receive 10 million social chits because thousands of people pay you.
The obvious way to receive the most chits is to provide your service to more than one person at the same time.

tabasco · 10-24-2008, 03:48 AM

Money means never having to say you're sorry

WinstonTriplexcash · 10-24-2008, 04:16 AM

Quote:

Originally Posted by blademaster16

Money? food , booze and women

pretty much what was said

perfectodollars-gabrio · 10-24-2008, 04:18 AM

where is the money??? > https://youtube.com/watch?v=_AJ0SkbPxAk

couldnt resist

Kudles · 10-24-2008, 12:52 PM

No but I like to spend it

Stephen · 10-24-2008, 01:09 PM

Quote:

Originally Posted by grumpy

Does anybody here really knows the concept of money?

Today, money is nothing but numbers.

I do my banking online. I check my accounts and pay bills electronically; numbers flow in from some people and flow out to others. It's no different than cut-n-paste from one spreadsheet field to another. Nothing of real value exchanges hands anymore, except (sometimes) massive gold transfers between nations.

Sure, "money" is a means by which goods and services can be "equalized" in value, but the "value" of currency today is no more than the faith that people put into it. In other words, money has value because you believe it does.

The U.S. Treasury states that "The motto IN GOD WE TRUST was placed on United States coins largely because of the increased religious sentiment existing during the Civil War."

But did you ever consider that U.S. currency says "In God We Trust" not because we as a nation are trying to force religious ideals on people, but because it is only God, and not the paper or coins that these words are printed on, that can be trusted?

It's not like they didn't warn you...

10-24-2008, 01:07 AM	#1
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	what is money?? Does anybody here really knows the concept of money? __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

10-24-2008, 03:19 AM	#6
blademaster16 Confirmed User Join Date: Oct 2006 Location: I don't know ! Posts: 2,290	Money? food , booze and women __________________ Sextronix Over 90 sites to promote - FREE Trials - High Definition Sites - #1 Hentai Sites

10-24-2008, 03:48 AM	#8
tabasco Confirmed User Industry Role: Join Date: Jul 2006 Location: In a van down by the river Posts: 2,624	Money means never having to say you're sorry __________________ "There is no other way to see a thing except to look at it" - fatfoo

10-24-2008, 12:52 PM	#11
Kudles Confirmed User Join Date: Feb 2003 Location: Here There and Everywhere Posts: 5,477	No but I like to spend it __________________ Free to Play MMOs and MMORPGs

10-24-2008, 01:09 AM	#2
Rorschach So Fucking Banned Join Date: Aug 2002 Posts: 5,579	http://video.google.com/videoplay?do...74362583451279

10-24-2008, 01:13 AM	#4
Rorschach So Fucking Banned Join Date: Aug 2002 Posts: 5,579	you asked, i answered... sorry

10-24-2008, 03:03 AM	#5
sheken Confirmed User Join Date: Sep 2002 Posts: 135	That video is one way to put it, but at heart, fiat currencies represent the productivity of a nation. Money simply is a measure for how much work a human being does, how efficient, and how rare/difficult the work being done is. All the lunatics calling for the gold standard are basically stuck in another era and they can't explain the following simple 'dilemma': Why is the United States a wealthy country while countries with tons of resources ( Nigeria/Venezuela for example ) are poor ? The obvious answer is ofcourse that natural resources alone have no bearing on the wealth of a nation and it is up to productivity and technological advances to bring wealth to humans. As long as the United States keeps up its productivity and R&D, they have nothing to fear.

10-24-2008, 03:45 AM	#7
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Money is a social chit based on what you provide society. You mow a yard you get 25 social chits to exchange for someone else's work. You play basketball you receive 10 million social chits because thousands of people pay you. The obvious way to receive the most chits is to provide your service to more than one person at the same time.

10-24-2008, 04:18 AM	#10
perfectodollars-gabrio Confirmed User Join Date: Jun 2003 Location: www.perfectodollars.com Posts: 3,811	where is the money??? > https://youtube.com/watch?v=_AJ0SkbPxAk couldnt resist