Politics

Out of context: Reply #14367

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  • Greedo0

    what's the difference whether money is backed by gold or gov't power? gold is another fiction, you can't eat it, you can't really do much at all with it, people just agreed that it's a pretty shiny metal and i'll give you six chickens for a bit of it.
    tangible vs intangible, it's a fucking fiction either way. money is valuable because there's some power or other backing it, not because of who can collect the biggest pile of ore.

    Greedo 0Permalink
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    • No kidding. It's amazing people have no such trouble with the concept.
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    • If money is backed value then you can't exceed that value.
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    • it matters as a base to control the power. However since material isnt equally displaced their is complications
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    • If money is backed by nothing then there is no value and its just worthless paper.
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    • Either way the govt controls it. So its a strange, pointless thing to focus on.
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    • But all in all, yes it is an illusion. Give me a beach and a tent and I am golden. No pun intended.
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    • but it is all a balncing act of illusion
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    • We could decide water is the unit of value instead of gold and assign value based on that, but so what?
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    • and if you collected all the gold in the world and sat on it, it would artificially inflate the value of your moneyGreedo
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