what's the function of money

Created by Mike O Ellis on Mar 24, 2014

8 votes

Click on an option to vote

to buy

to pay debt

for lending

to create business

to help the needing

for loan

to pay bills

for registration of event

for revenue

to invest

LOST IN MISSISSIPPI

Durand, MI

#21 Mar 28, 2014
function of money is debt

debt creates profit
A noted observer

Springboro, OH

#22 Mar 28, 2014
Money exists so that I can pay people to READ MY BLOG!!!!!
joker

Owensboro, KY

#23 Mar 28, 2014
The Book of Ecclesiastes (KJV)

“...winter is GONE!!!....”

Since: Jun 08

...Stickerville, Texas....

#24 Mar 28, 2014
....to burn holes in my pocket......
joker

Owensboro, KY

#25 Mar 28, 2014
The Holy Bible - Book 21 - Ecclesiastes - KJV Dramatized Audio

joker

Owensboro, KY

#26 Mar 28, 2014
The Book of Ecclesiastes: Under the Sun - John Hutchi

joker

Owensboro, KY

#27 Mar 28, 2014
Audio bible book of Ecclesiastes chapter 1-12

joker

Owensboro, KY

#28 Mar 28, 2014

Level 5

Since: May 13

Location hidden

#29 Mar 29, 2014
It seems to keep America in debt!

“We're all Bozos on this bus”

Since: Jan 07

Indianapolis, IN

#30 Mar 29, 2014
Money establishes the pecking order for society.

“*=* Always Thinking *=*”

Level 8

Since: Nov 12

Greensburg, IN

#31 Mar 29, 2014
what's the function of money?
it's a universal "barter" system.
People exchanged services and goods for other services and goods in return for centuries, money spoiled it all!
That's when people wanted to start hoarding instead of living day to day.
Ocho Cinco

El Paso, TX

#32 Mar 29, 2014
to wipe my azz

“Right click Left click Yay!”

Level 7

Since: Dec 10

Nehwon

#33 Mar 29, 2014
FTW Forever wrote:
<quoted text>Small amount of inflation?????? Inflation is HUGE!!! The buying power of a currency is much more important than the amount of it. Limited finite supply is what secures currency and is a good thing for the buying power. Printing more fiat currency helps no one when th value is being diminished. It's like saying 'd rather have 90 pennies instead of $1 because I have more of them then.
A small amount of inflation means you don't just bury your money in the backyard.

You have to make a decision what to do with your money.

Invest it towards an idea that counters the effects of inflation or rest on your laurels and hope that your money reserves outlive you.

If it comes to the point where the US is facing hyper-inflation, I'll convert my reserves to Euros or Renminbi or Zimbabwe dollars and invest in US companies who make pitchforks and torches.

It if comes to that point, the US has failed.

And there are growing elements in Congress who seem to want the US to fail so they can be king of a state.

“ I DO WHAT I LIKE............ .”

Since: Mar 14

AND I LIKE WHAT I DO!!!!!!!!!!

#34 Mar 29, 2014
greymouser wrote:
<quoted text>
A small amount of inflation means you don't just bury your money in the backyard.
You have to make a decision what to do with your money.
Invest it towards an idea that counters the effects of inflation or rest on your laurels and hope that your money reserves outlive you.
If it comes to the point where the US is facing hyper-inflation, I'll convert my reserves to Euros or Renminbi or Zimbabwe dollars and invest in US companies who make pitchforks and torches.
It if comes to that point, the US has failed.
And there are growing elements in Congress who seem to want the US to fail so they can be king of a state.
You keep saying small amount inflation.....

“Right click Left click Yay!”

Level 7

Since: Dec 10

Nehwon

#35 Mar 29, 2014
FTW Forever wrote:
<quoted text> You keep saying small amount inflation.....
1, 2 or 3 percent a year is a small amount.

This means you need the same percentage amount of returns to keep even. You have to use your money to make money to do so. And there's a lot of options.

It really boils down to your faith in the US and the dollars it issues.

When push comes to shove, if the dollar collapses, the world is going to having a lot problems.

And there are people in the US, including Congresscritters and Senators. who want the faith in the dollar to collapse and disguise it by saying "fiscal responsibility."

“...winter is GONE!!!....”

Since: Jun 08

...Stickerville, Texas....

#36 Mar 29, 2014
Uh Clem wrote:
Money establishes the pecking order for society.
Or, to put it another way, it provides a way for folks to keep score..........

Since: Nov 13

Arlington, MA

#37 Mar 29, 2014
Imagine if, when you went shopping, instead of bringing your wallet, you had to bring virtually all your possessions, because you would not know what things of yours each individual shop would want to barter for each of the things you wanted to buy. That's what money is for.

“We're all Bozos on this bus”

Since: Jan 07

Indianapolis, IN

#38 Mar 30, 2014
Old Sam wrote:
<quoted text>
Or, to put it another way, it provides a way for folks to keep score..........
So true.

“*=* Always Thinking *=*”

Level 8

Since: Nov 12

Greensburg, IN

#39 Mar 30, 2014
That's why we should go back to eggs for credit arria.

“"Eatin' Ain't Cheatin!"”

Level 1

Since: Sep 06

Thompson's Station, Tn

#40 Mar 30, 2014
I use money to teach my wife and kids "negative numbers."

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