what's the function of money

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

“"Eatin' Ain't Cheatin!"”

Level 1

Since: Sep 06

Thompson's Station, Tn

#41 Mar 30, 2014
Grace Nerissa wrote:
Strange thread:
Requesting' what's the function of money' is like
asking ..
'Why do we eat'
and all the choices listed above state
the obvious.
BTW
Is the POPE a catholic:)
That phrase was used to verify the solidity and truth to what you have said. Now people are REALLY asking...."Is the Pope Catholic?"
Parden Pard

Whitehall, PA

#42 Mar 30, 2014
Money is like Manure,,,ya needs ta spread it around,,,,,

“"Eatin' Ain't Cheatin!"”

Level 1

Since: Sep 06

Thompson's Station, Tn

#43 Mar 30, 2014
Crazy Jae wrote:
Money Generates Greed, Corruption, Murder, Sin,...
and Congress.

“WHERE BORN AN A-HOLE OR DID ”

Since: Mar 14

YOU WORK AT IT YOUR WHOLE LIFE

#44 Mar 30, 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.
That is one f the reasons fiat currency is BS.... It is not a good idea or in anyone's best interest except for a family of quasiJewish-German bankers. If you can't build a nest egg then it is is a failure. The Federal Reserve has only made us weaker.

“Right click Left click Yay!”

Level 7

Since: Dec 10

Nehwon

#45 Apr 1, 2014
FTW Forever wrote:
<quoted text>That is one f the reasons fiat currency is BS.... It is not a good idea or in anyone's best interest except for a family of quasiJewish-German bankers. If you can't build a nest egg then it is is a failure. The Federal Reserve has only made us weaker.
Perhaps you could explain to me something.

If you look up the definition of fiat you might see this:

a formal authorization or proposition; a decree.

At one time, the US was on the gold standard. Twenty dollars per ounce of gold.

Why that conversion? Because the US said so.(fiat)

Then Nixon changed the dollar/ounce of gold to 35 dollars per ounce of gold. Because he said so.(fiat)

The floating dollar is the free market in action. It's a measure of the trustworthiness of the US government to have fiscal responsibility to pay its monthly bills on time.

What I find amusing about the US government shutdown threats and invocations is that the Social Security check mailings aren't interrupted.

Stop the SS payments and that's a sure way to be bounced out of office.

Quite a lot of people under 65 have other things to do than vote in mid-term elections... like getting to their job on time.

Since: Nov 13

Dedham, MA

#46 Apr 1, 2014
FTW Forever wrote:
<quoted text>That is one f the reasons fiat currency is BS.... It is not a good idea or in anyone's best interest except for a family of quasiJewish-German bankers. If you can't build a nest egg then it is is a failure. The Federal Reserve has only made us weaker.
You don't build a "nest egg" by simply keeping cash and expecting it to hold its value over decades. You build a nest egg by investing your money in tangible assets, stocks or bonds, which may fluctuate in the short term but almost always appreciate in the long term. If you have some sort of volkisch/Luddite objection to investment, don't blame the Fed.

“WHERE BORN AN A-HOLE OR DID ”

Since: Mar 14

YOU WORK AT IT YOUR WHOLE LIFE

#47 Apr 2, 2014
achyfi wrote:
<quoted text>
You don't build a "nest egg" by simply keeping cash and expecting it to hold its value over decades. You build a nest egg by investing your money in tangible assets, stocks or bonds, which may fluctuate in the short term but almost always appreciate in the long term. If you have some sort of volkisch/Luddite objection to investment, don't blame the Fed.
That's funny as hell right there.... Yes investment is important. Although the money itself itself should also be backed by something tangible and of actual value. As it stands this "Money built on trust" is just smoke and mirrors illusion... It only serves to give power to a small group of worldwide banking families. It's a scam.

“Right click Left click Yay!”

Level 7

Since: Dec 10

Nehwon

#48 Apr 3, 2014
FTW Forever wrote:
<quoted text>That's funny as hell right there.... Yes investment is important. Although the money itself itself should also be backed by something tangible and of actual value. As it stands this "Money built on trust" is just smoke and mirrors illusion... It only serves to give power to a small group of worldwide banking families. It's a scam.
backed by something tangible?

like what?

Please, don't tell me gold.

That's useful for certain tech applications which goes out the window with an Armageddon scenario.

“Don't call it an attack”

Level 8

Since: Jun 11

It was an AMBUSH

#49 Apr 3, 2014
Whats the function of money?

Duh, to buy more shoes and stuff, lots and lots of STUFF!

“WHERE BORN AN A-HOLE OR DID ”

Since: Mar 14

YOU WORK AT IT YOUR WHOLE LIFE

#50 Apr 3, 2014
greymouser wrote:
<quoted text>
backed by something tangible?
like what?
Please, don't tell me gold.
That's useful for certain tech applications which goes out the window with an Armageddon scenario.
Everything goes out the window in an Armageddon scenario. Government trust being the first.
the gold and silver standard would be preferable to what we have but there are also other options.

“Right click Left click Yay!”

Level 7

Since: Dec 10

Nehwon

#51 Apr 3, 2014
FTW Forever wrote:
<quoted text>Everything goes out the window in an Armageddon scenario. Government trust being the first.
the gold and silver standard would be preferable to what we have but there are also other options.
Gold and Silver standard?!?

This assumes that your government has a monopoly on the gold and silver supply.

If we assume US dollars, any new dollars printed need to have a gold or silver ounce. And most likely, you have to get them from a foreign nation.

So you newly printed dollars are sent elsewhere and what do you have to show for it?

Another gold brick in a wall of Fort Knox.
Sitting there. Looking pretty.
And doing nothing.
One could say your new money is goldbricking.

“WHERE BORN AN A-HOLE OR DID ”

Since: Mar 14

YOU WORK AT IT YOUR WHOLE LIFE

#52 Apr 3, 2014
greymouser wrote:
<quoted text>
Gold and Silver standard?!?
This assumes that your government has a monopoly on the gold and silver supply.
If we assume US dollars, any new dollars printed need to have a gold or silver ounce. And most likely, you have to get them from a foreign nation.
So you newly printed dollars are sent elsewhere and what do you have to show for it?
Another gold brick in a wall of Fort Knox.
Sitting there. Looking pretty.
And doing nothing.
One could say your new money is goldbricking.
It is not new money. What we have now is the new money. Plus it does not assume the government has a monopoly on gold or silver. That is an absurd statement. Money built on speculation,debt, and trust is stupid and destructive. Except for the bankers and the government.

“Right click Left click Yay!”

Level 7

Since: Dec 10

Nehwon

#53 Apr 3, 2014
FTW Forever wrote:
<quoted text>It is not new money. What we have now is the new money. Plus it does not assume the government has a monopoly on gold or silver. That is an absurd statement. Money built on speculation,debt, and trust is stupid and destructive. Except for the bankers and the government.
With a gold standard, the money supply is fixed.

At $20/ounce of gold with 100 million people. sorta worked.

Now your population is 150 million people. You need to have more dollars to keep the trade going.

But to make those dollars, you need more gold sitting in a vault somewhere. Where are you getting that gold?

Now your population is 250 million people.

The world supply of gold can't keep up. So the President says... for every ounce of gold, it's now 35 dollars.

Now your population is 320 million people. What will the President declare by fiat the fixed price of gold?

“WHERE BORN AN A-HOLE OR DID ”

Since: Mar 14

YOU WORK AT IT YOUR WHOLE LIFE

#54 Apr 4, 2014
greymouser wrote:
<quoted text>
With a gold standard, the money supply is fixed.
At $20/ounce of gold with 100 million people. sorta worked.
Now your population is 150 million people. You need to have more dollars to keep the trade going.
But to make those dollars, you need more gold sitting in a vault somewhere. Where are you getting that gold?
Now your population is 250 million people.
The world supply of gold can't keep up. So the President says... for every ounce of gold, it's now 35 dollars.
Now your population is 320 million people. What will the President declare by fiat the fixed price of gold?
You don't get it at all. A fixed amount is a good thing. It secures the value and buying power of the dollar. It isn't about how many dollars there are, it is about how much buying power each dollar has. Whenever more trust money is printed out if thin air the buying power is diminished.
The President nor any politician can decide the value of gold. It is market and demand driven.

“Right click Left click Yay!”

Level 7

Since: Dec 10

Nehwon

#55 Apr 4, 2014
FTW Forever wrote:
<quoted text>You don't get it at all. A fixed amount is a good thing. It secures the value and buying power of the dollar. It isn't about how many dollars there are, it is about how much buying power each dollar has. Whenever more trust money is printed out if thin air the buying power is diminished.
The President nor any politician can decide the value of gold. It is market and demand driven.
And you don't get it when it comes to money.

You expect it to be stagnate in a changing world.

The 10 bucks you buried in the coffee can in the backyard when you dig it up 50 years from now, you it to have the same buying power.

That is quite possible during times of depression and quite definite with a fixed supply like a gold standard or bitcoins when burying your money in a coffee can in the back yard is wise.

What you wish to be is not how it is.
Duh

Upper Sandusky, OH

#56 Apr 4, 2014
It's there so Democrat politicians like Obama, Reid, and Pelosi can have something to steal from us, DUH!!!!

“WHERE BORN AN A-HOLE OR DID ”

Since: Mar 14

YOU WORK AT IT YOUR WHOLE LIFE

#57 Apr 4, 2014
greymouser wrote:
<quoted text>
And you don't get it when it comes to money.
You expect it to be stagnate in a changing world.
The 10 bucks you buried in the coffee can in the backyard when you dig it up 50 years from now, you it to have the same buying power.
That is quite possible during times of depression and quite definite with a fixed supply like a gold standard or bitcoins when burying your money in a coffee can in the back yard is wise.
What you wish to be is not how it is.
You're never going to get it. It isn't about burying my money in the back yard. It is about having a currency that keeps the nation independent of international banking firms and establishes a strong indisputable currency that doesn't rely on the whims of someone else and is based on selling of debt to other nations and banks. It is about curbing inflation. It is about having real money to work with. It is about not winding up in situation that post WW1 Germany was in with there inflated currency and was a major contributer to a totalitarian regime taking over. It is about security.

“Right click Left click Yay!”

Level 7

Since: Dec 10

Nehwon

#58 Apr 5, 2014
FTW Forever wrote:
<quoted text>You're never going to get it. It isn't about burying my money in the back yard. It is about having a currency that keeps the nation independent of international banking firms and establishes a strong indisputable currency that doesn't rely on the whims of someone else and is based on selling of debt to other nations and banks. It is about curbing inflation. It is about having real money to work with. It is about not winding up in situation that post WW1 Germany was in with there inflated currency and was a major contributer to a totalitarian regime taking over. It is about security.
That actually sound quite good.

It's one thing to imagine The Solution of how things should be.

It's quite another to implement that idea into this world.

At some point, your wondrous solution is going to be resisted by those who are winning the game of today. And they are going to call you names associated with evil.

So what's your idea?

I'll give it a fair hearing.

“WHERE BORN AN A-HOLE OR DID ”

Since: Mar 14

YOU WORK AT IT YOUR WHOLE LIFE

#59 Apr 5, 2014
greymouser wrote:
<quoted text>
That actually sound quite good.
It's one thing to imagine The Solution of how things should be.
It's quite another to implement that idea into this world.
At some point, your wondrous solution is going to be resisted by those who are winning the game of today. And they are going to call you names associated with evil.
So what's your idea?
I'll give it a fair hearing.
I don't care about the rest of the world just mmy country and government. Nor do I care if someone calls me names because they want to be able to screw the people through the system...

“Right click Left click Yay!”

Level 7

Since: Dec 10

Nehwon

#60 Apr 5, 2014
FTW Forever wrote:
<quoted text>I don't care about the rest of the world just mmy country and government. Nor do I care if someone calls me names because they want to be able to screw the people through the system...
So what's your money solution?

And you might want to take into consideration the rest of the world if you want to trade goods with things they can do pretty well.

Like producing cocoa or coffee or tea or bananas or coca leaves or panama hats.

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