killerbee

Yep, were in the 'everything turns to shit phase'. There's a whole lot more shit to come too. Timing the exit from gold is the tricky part.

Thanks, you have a point here. Time is of course the most precious thing of all and I'm wasting my time telling Injin he's wasting his. What a waste of time. I'm done.

Oh, you're on a mission, good luck with that!

What would you choose?

This video was posted on Max Kieser. http://www.youtube.com/watch?v=M5UqIc6z8iE Real people, real life and real facts. Your 'theoritical truth' makes no difference in the 'real' world.

Here's a direct observation from Herr kb no book required... If I wanted to get a packet of fags from a complete stranger I could offer them a whole list of things in payment. It might take a while to find out they are interested in cheesey wotsits so its much easier to have some sort of generally accepted form of payment. They are from Mongolia, luckily I've got a gold sovereign in my pocket. The transaction takes place. That defines gold as money. goodnight

This is true but that does mean gold is not money, your definition of money is flawed.

Is that the correct terminology because you say so? Money is created by a kind of a perpetual interaction between concrete things, our intangible desire for them, and our abstract faith in what has value: money is valuable because we want it, but we want it only because it can get us a desired product or service. I think you know gold is money for the reasons above.

Yes it is.

No. Heroin is illegal so I don't think it would be generally accepted. Cheesey wotsits, pampers, spuds could certainly fit the bill if they were generally accepted but it is not likely that everyone would. I'm just stating facts.

Not 'most often'. The term is 'generally accepted'. So everyone in the whole country would accept my gold sovereign for their packet of fags. Gold is money.

I simply googled 'what is money' here is what I found... Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country. I reckon that makes you wrong again, you are having a bad day.

Yes gold is good pie. Paper pie is not good pie.

You've got it wrong again, everyone one wants pie that is good.

I accept it, but does it help? No, it makes no difference now and it will make no difference tomorrow.