Topic: World economics & value of money

[JamesH]

My personal utopian future may be optimistic Cal.
Though it sure beats thinkin about what hell we're livin through.

Dunno how you can harp on about the devaluation of the USD when the start of this thread highlighted its strength vs the euro.

one & one & one is three

The reason is the Euro is plummeting due to inflation and economic catastrophe and their silly policies. The US economy will follow shortly thereafter. When the US economy gets a cough, the world gets a cold. That is partly due to the fact that Oil in global market trading is based on the USD. Should that ever change (and there’s a massive effort underway by China to persuade OPEC to move to the Yen) you will see a nearly unrecoverable depression here and in Europe.

Utopia is that way >>>> Don’t get lost on your journey…

The day I see China lobbying for a move toward the Yen I’ll def eat my hat


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[BomberMann650]

My personal utopian future may be optimistic Cal.
Though it sure beats thinkin about what hell we're livin through.

Dunno how you can harp on about the devaluation of the USD when the start of this thread highlighted its strength vs the euro.

one & one & one is three

The reason is the Euro is plummeting due to inflation and economic catastrophe and their silly policies. The US economy will follow shortly thereafter. When the US economy gets a cough, the world gets a cold. That is partly due to the fact that Oil in global market trading is based on the USD. Should that ever change (and there’s a massive effort underway by China to persuade OPEC to move to the Yen) you will see a nearly unrecoverable depression here and in Europe.

Utopia is that way >>>> Don’t get lost on your journey…

The day I see China lobbying for a move toward the Yen I’ll def eat my hat

I think Cal meant Yuan.
To wit, the princes or arabia might get a laugh outta that idea.  Something about their dynasties outliving the chinese empire.
Speak of the devil... Wasn't this whole "money" thing a chinese invention to start with?  As i recall, their historic coin currency had some growing pains as the royals and eunics tried to convince common people it was actually worth something.
Back when the peasants bartered livestock and harvests for tools and materials.

[bear]

On a lighter note............Down here our paper money is plastic.

[RAFster122s]

Bear, it is made from polymers or it is credit/debit card based?
I paid in cash the other day and all the money the cashier was going to give me in change had been bundled up with paperclips and rubber bands. Apparently I was the first to pay with cash that day or since they changed out the drawer...
The pandemic changed how many pay with cash and during the peak of the pandemic many stopped accepting cash for a time because the virus could live on the bills.

[bear]

Bear, it is made from polymers or it is credit/debit card based?

Yep, our actual physical notes are made of plastic, so yes polymers.
They're pretty tough and very hard to tear but if you scrunch them up it's hard to get them flat again.
I had a brilliant idea once and tried a hot iron on a fifty dollar note, it shrank to half it's original size.     

[HondaMan]

There's some new 'notes' appearing now, too, as a hedge against these instabilities. They are called "Goldbacks" and consist of a dollar-bill-like piece of specified gold leaf (which is the value) laminated in plastic and a designation, like "$3 note". They are like artwork, here's one example:

https://www.goldback.com/exchange-rate

and as they have real gold leaf inside that can't be easily changed, their value against the $ or Yen (or whatever) is always following a more 'solid' valuation per the daily market (unlike cybercoins that change for all sorts of reasons). One good way to watch how the "value" of the Dollar is doing is to watch how much these goldbacks trade for every day. It's an interesting concept, so long as gold remains the world's reserve value material.

Gold coins SEEM like a good way to 'hold value', except they suffer real high commissions when being turned into or out of currency.

I might get some of these flexi-gold 'bars', just to see what they are like?

[calj737]

I think Cal meant Yuan.

Damn autocorrect. Yes, Yuan.

[RAFster122s]

I think Cal meant Yuan.

Damn autocorrect. Yes, Yuan.

Sure thing Juan…

Just buy the generic brand packaged goods to save yourself a lot of money according to someone recently…

[HondaMan]

I think Cal meant Yuan.

Damn autocorrect. Yes, Yuan.

Sure thing Juan…

Just buy the generic brand packaged goods to save yourself a lot of money according to someone recently…

The Yawn?
Those are valuable.
Can get get generic generics? That might help(?).