A financial crisis unmatched since the Great Depression
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Uploaded by PotheadPundit on Nov 30, 2008
similarites between the great depression and the current financial crisis engulfing the US.
Just seeing the strangeness of this economic crisis .
Speaking of shopping. You should head on over to http://artslob.etsy.com and pick up a painting for christmas today! Fight Terrorism. Buy my paintings! :)
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Huh?
uberjim83 3 years ago
It is useful in those fields, but that's not the reason it costs so much. They were using it as currency long before either of those fields started using it.
uberjim83 3 years ago
to uberjim83: but I thought gold was valuable too because it had uses in the fields of electronics & dentistry etc.
inkey2 3 years ago
The Creature from Jekyll Island is an awesome book
Heard that after 911, day after, that people in line at winchells got into a fist fight.
The horror of 811 will pollute our memorys for so long, children are beautiful, they are innocent, fuck skull and bones, book and snake, here in reality has an awesome webp0age.
Kids are number one, Kiss my ass. Dan Williams
badattitude77769 3 years ago
That might be true to a certain extent, if gold was the currency. However, gold-backed paper currency would be just as illusory (especially when you consider the notion that there is no way for most of us to know whether there's any gold backing it up or it's all just a lie).
uberjim83 3 years ago
that's a very good point.
i've always thought that money was almost completely illusonary.
but gold is more valuable than money that isn't backed up with anything at all.
AbsoluteLibertine 3 years ago
It is arbitrary. Do people want gold because it's pretty? A little. But the main reason is because it's costly- it symbolizes wealth and you could sell it for a lot. You want it because it's valuable, and it's only valuable because people want it. If we were only placing value on practical resources, then water or food would probably be the currency of choice.
uberjim83 3 years ago
The gold standard refers to currency being backed by gold, not gold being used as actual currency. All they would do is print more paper money and reduce the value of gold, just like they're reducing the value of "dollars" now.
uberjim83 3 years ago
finfacts(.)ie/Private/curency/goldmarketprice(.)htm
look at the chart showing the historical prices of gold. for 100 years with the dollar attached to it, the difference between gold's high and low is less than a dollar.
Morrakiu 3 years ago
i'm not disagreeing with you but could you explain why?
AbsoluteLibertine 3 years ago