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Category: Misc
Date: 06/13/15 07:46 AM

7 Responses to The History Of Money [Pic]

  1. Profile photo of AFTERSHOCK
    AFTERSHOCK Male 18-29
    2784 posts
    June 13, 2014 at 6:19 am
    Link: The History Of Money - Humans have been using banks and currency for thousands of years. See how far weve come, from bartering to Bitcoins.
  2. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    June 13, 2014 at 7:54 am
    United States abandons gold standard in 1971*

    It`s interesting they have nothing on the dismal history that countries have when they debase their currencies.

    Also, they have nothing on currency wars. The first currency war in the 20s and 30s and the next in the 70s are kind of a big deal. The first currency war actually caused the collapse in international trade that led to the Great Depression.
  3. Profile photo of auburnjunky
    auburnjunky Male 30-39
    10338 posts
    June 13, 2014 at 9:12 am
    Still don`t understand bitcoin....
  4. Profile photo of onoffonoffon
    onoffonoffon Male 30-39
    2297 posts
    June 13, 2014 at 11:21 am
    @auburnjunky- yeah bitcoins are more then a little mind bending. It took me multiple study sessions to understand them somewhat. He goes a brief idk... The stability of a money type is in the ability to defend it from fraud and ensure it`s authenticity. The value of money is in the public`s perception of the stability and steadfastness of the issuer. So, fraud and inflation are the two enemies of money systems. Bitcoin is an attempt to manage this. The govs are worried because people put their money where their faith is. Also, one of the key points of money creation is that it allows for taxation without diminishing the asset.
  5. Profile photo of OldOllie
    OldOllie Male 60-69
    15845 posts
    June 13, 2014 at 11:36 am
    Now the Fed just creates money out of thin air and uses it to buy up new government debt instruments at 0% interest. Hint: this can`t go on forever.
  6. Profile photo of JoexBro
    JoexBro Male 18-29
    518 posts
    June 13, 2014 at 1:49 pm
    I think you are all missing the main point of this discussion. It`s a re-post.
  7. Profile photo of SavageChef
    SavageChef Female 50-59
    2690 posts
    June 17, 2014 at 12:56 am
    Fun fact: I draw little pictures of stick-kitties, and people give me money.

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