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@amilkar1964 LOL well at least they are REAL commodities and not some made up paper :P
flowerpuff2001 5 months ago
@amilkar1964 let's go back to barter trade! yiippeee!!! can i trade my 5 goats for one of your cows?
flowerpuff2001 5 months ago
@flowerpuff2001
That's what is called 'purchasing power parity' - you fix or interpret the value of your nation's money and capital at the global level through a basket of goods which is common to all. Here you have chosen to use goats and cows. Historically gold was and still is a useful measure of universal wealth....
MrNChoudhury 5 months ago
@MrNChoudhury oh ok. thanks for that info.. you're smart. i hope i meet a guy as smart as you :)
flowerpuff2001 5 months ago
@flowerpuff2001
Actually I'm pretty stupid because all of this knowledge isn't leading to a good return for me! But I'm working on it, thanks.
Your criticism of barter trade is actually the right one.
If we returned to the gold standard and ditched fiat currencies there would be huge losses realized. The key to get out of it is to have 'managed-type' flexible exchange rates & targeted monetary policy - you need to have some 'money magic' for the world economies to grow via credit expansion.
MrNChoudhury 5 months ago