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Skybird · 02-19-17, 06:20 PM

We simply do an experiment. You take your 100 paper dollars, and I take my 3 grams of physical gold, and then we head into a failed state with persecution, black market and a currency that is hyperinflating 200% every day and essentially is broken down. And then we see who can barter with what he has - you with your 100 paper tokens that after one hour already have lost significant value again and does so every minute and every hour coming, or me with my three grams of gold. I am extremely confident that my bucket will be several times as full than yours every time we do this.

I have 10 thousand years of history of mankind and gold and bartering on my side. You have 800 and something years of history of failing paper money experiments - every single one of them! - on yours. When we get on the black market, we soon find out who finds somebody to barter with, and who get something and who gets nothing. Even if the price of gold can rise and drop widely - SOMETHING you always get for it. You cannot say the same about banknotes, as history has already proven many times. And then even you will know what the difference between banknotes without and physical items with inherent market value is.

There is a reason why states that want to enforce the use of their forged money need to prohibit rivalling physical tokens with intrinsic, inherent value. Man's preferences here are very clear - since centuries.

Its getting tiresome to explain these very same fundamentals, these very same essential basic fundamentals time and again. And when you say you dislike capitalism anyway, then it is especially hopeless anyway. But your socialist ways (since the opposite of capitalism is planned economy, there is no third option) will never work - and the simple reason is that man simply is not what socialism would like him to be, and asking a life form constantly to be somethign different than what it is, is against its nature and thus will never succeed over time. And pressure to enforce complainac eof this kind just will create violence in self-defence.

02-19-17, 06:20 PM	#30
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 40,496 Downloads: 9 Uploads: 0	We simply do an experiment. You take your 100 paper dollars, and I take my 3 grams of physical gold, and then we head into a failed state with persecution, black market and a currency that is hyperinflating 200% every day and essentially is broken down. And then we see who can barter with what he has - you with your 100 paper tokens that after one hour already have lost significant value again and does so every minute and every hour coming, or me with my three grams of gold. I am extremely confident that my bucket will be several times as full than yours every time we do this. I have 10 thousand years of history of mankind and gold and bartering on my side. You have 800 and something years of history of failing paper money experiments - every single one of them! - on yours. When we get on the black market, we soon find out who finds somebody to barter with, and who get something and who gets nothing. Even if the price of gold can rise and drop widely - SOMETHING you always get for it. You cannot say the same about banknotes, as history has already proven many times. And then even you will know what the difference between banknotes without and physical items with inherent market value is. There is a reason why states that want to enforce the use of their forged money need to prohibit rivalling physical tokens with intrinsic, inherent value. Man's preferences here are very clear - since centuries. Its getting tiresome to explain these very same fundamentals, these very same essential basic fundamentals time and again. And when you say you dislike capitalism anyway, then it is especially hopeless anyway. But your socialist ways (since the opposite of capitalism is planned economy, there is no third option) will never work - and the simple reason is that man simply is not what socialism would like him to be, and asking a life form constantly to be somethign different than what it is, is against its nature and thus will never succeed over time. And pressure to enforce complainac eof this kind just will create violence in self-defence. __________________ If you feel nuts, consult an expert.