Value of cash - Page 2

Originally Posted by ItAllAddsUp

The "good" news is America's debt is too big to fail in the sense it would be suicide for other countries to actively try to call it.

Ask yourself if this is this still true Not to get political but I just read this in an article today and if you really begin to look around you can see the truth of it.

"China sees an enormous opportunity to cast itself as the responsible global leader on trade and climate change. Russia is angling for more influence in its near abroad, the eastern parts of Europe, and the Middle East. Germany and the European Union more generally have sought to replace the United States as a moral leader on diplomacy, human rights, and intercultural engagement."

"China sees an enormous opportunity to cast itself as the responsible global leader on trade and climate change. Russia is angling for more influence in its near abroad, the eastern parts of Europe, and the Middle East. Germany and the European Union more generally have sought to replace the United States as a moral leader on diplomacy, human rights, and intercultural engagement."

By hook or by crook, the big powers still keep trying to climb over each other, just don't do it with cannons and bombs much anymore.

Keep your skills sharp and your powder dry...

Originally Posted by CopperHeadAKA

Well since we know what is real & cash is fiat , as long as the rain falls wind blows crops grow all is well
but let that fail , put war at your door , catastrophe will rain .

This is true... But try not to focus on what could be, but what is.. What could be may never be, but what is, is.

I like to say - Hope for the best, prepare for the worst.

In my earlier post ^^ What I'm trying to say (amongst other things) is be less dependent on others, because the others won't always be there.

Originally Posted by CapitalRecovery

This is one of the reason why crypto currency is so big. Check it out CryptoCurrency Market Capitalizations plus the government has a hard time getting their fingers in it and you keep your money yourself, and it's around the world. but even this has it's draw backs. Personally I think the value of the dollar dropped after they stopped making U.S. currency with real metal like silver and copper.

Originally Posted by CopperHeadAKA

Gresham's law the monetary principle
"bad money drives out good". if two forms of commodity money are in circulation,
which are accepted as having similar face value,
the more valuable commodity will disappear from circulation.

https://en.wikipedia.org/wiki/Gresham's_law

I had not considered Gresham's law as applied to cryptocurrency. Which will drive the other out?

I also want to point out that the government can render printed money completely worthless in an instant. By the stroke of a pen.



I have the bill that guarantees the twenty dollars in gold coin. What happened to the gold coin the bill represents? It is unlikely I would receive a St. Gauden $20 gold coin were I to turn that bill into the treasury.

Nice looking piece of currency!! What's the actual year, sort of fuzzy to me (1908...?)??

Originally Posted by DakotaRog

Nice looking piece of currency!! What's the actual year, sort of fuzzy to me (1908...?)??

1922... It is fuzzy in real life. I had to get a magnifying glass.