Stimulus
Out of context: Reply #12
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- gramme0
It's a very, very bad idea. The reason why it's bad is because the end result will only be further devaluation of the dollar.
Before the stock market crash of 1929, we were on the gold standard, i.e. there was no more and no less money that what was backed up by tangible gold bullion in Fort Knox. Now, when we need a trillion more dollars pumped into our economy, the government simply manufactures the money. That trillion dollars is fundamentally only worth the value of the paper it's printed on. Any perceived market value is entirely false. The whole thing is propped up on thin air. It's scary when you really think about the implications of a global economy that is based more and more upon money that really amounts to nothing. We might as well swap out the dollar for wampum or peanut shells for all the inherent value our paper money will have in a few decades.
- *Hands gramme a bag of peanut shells for his post.designbot
- *manufactures peanut shell poop, sells it on Ebay and becomes literally filthy richgramme
- hahadesignbot
- What makes gold so valuable? It's fucking soft and shiney.Mimio
- Well, it's relatively rare and it's tangible. Right now, our dollar is largely based on thin air.gramme
- Seriously, it's caveman crap. We might as have stockpiled teeth and conk shells in Fort Knox.Mimio
- Teeth and conch shells are not rare, though. It's the idea of rarity and usefulness, like it or not, that determines value.gramme
- OK so gold and diamonds won't hold a building up like steel or concrete, but you get my point.gramme