Post by 1dave on Dec 3, 2013 16:12:57 GMT -5
I understand money.
It is a mental invention that only exists in our minds.
The gold and silver and paper are only symbols for what we think.
Many things have been used as medium of exchange in markets including, for example, livestock
providing us words like chattel, cattle, capital, and moola.
Bread was a natural to be used for money.
Sacks of cereal grain produced the word Shekel.
Cowry shells or beads (wampum) were exchanged for more useful commodities.
Lumps of metals such as bronze or brass were packed around.
Animal skins, including deer and elk bucks, introduced the word "buck" to describe money.
Dinero came from the dinar, made by the Romans but coppied by all the surrounding countries.
For nearly 2,000 years the Roman denarius, a silver coin about the size of a dime, was considered equal to the value of a man’s labor for one day. One reason for such stability was that there weren’t many actual coins around and accounts were kept in writing.
We used to give and take on a handshake and expect a fair return. When we didn’t get it, that was the end of dealing with that person.
There have always been people who would scrimp on the weights used with balance scales, file metal off of coins, . . .
Right now the public is doing business as usual. Some day soon they are going to realize all that extra money being printed is the same as counterfeit - WORTHLESS.
I was in Brazil in 1957 when the value of the Cruzero was being battered by an inflation rate of 1,000%.
You had to spend your money the day you got it or it became worthless.
The idea of money greases transactions. When that grease turns to grit . . . .
It is a mental invention that only exists in our minds.
The gold and silver and paper are only symbols for what we think.
Many things have been used as medium of exchange in markets including, for example, livestock
providing us words like chattel, cattle, capital, and moola.
Bread was a natural to be used for money.
Sacks of cereal grain produced the word Shekel.
Cowry shells or beads (wampum) were exchanged for more useful commodities.
Lumps of metals such as bronze or brass were packed around.
Animal skins, including deer and elk bucks, introduced the word "buck" to describe money.
Dinero came from the dinar, made by the Romans but coppied by all the surrounding countries.
For nearly 2,000 years the Roman denarius, a silver coin about the size of a dime, was considered equal to the value of a man’s labor for one day. One reason for such stability was that there weren’t many actual coins around and accounts were kept in writing.
We used to give and take on a handshake and expect a fair return. When we didn’t get it, that was the end of dealing with that person.
There have always been people who would scrimp on the weights used with balance scales, file metal off of coins, . . .
Right now the public is doing business as usual. Some day soon they are going to realize all that extra money being printed is the same as counterfeit - WORTHLESS.
I was in Brazil in 1957 when the value of the Cruzero was being battered by an inflation rate of 1,000%.
You had to spend your money the day you got it or it became worthless.
The idea of money greases transactions. When that grease turns to grit . . . .