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I was going to say, "what is "FIAT" (printed) money, but no, this is big.I've heard reports that FIAT money, cash, card, or cheque, is the end of humanity.Thats farked.Sure, ther Romans got around with their clout using war and currency to boot, yet, thats "not today".FIAT money is a representation of a nations security and "ability" to move in the world (passports).....that a nation holder has access to, right?FIAT money is a Daaa....who needs to move around the world to prove their wealth with a chariot of gold, right? Thats so stupid.We need gold, of course, we need a fundamental value of trade, but whern I read reports about FIAT money being useless, wrong and the like, I'm listening to communists, righrt?
Can someone translate the above into a language I can understand?
I've seen ridiculous....give me more.
We need gold, of course, we need a fundamental value of trade
Why am I getting all these crack-pot responses? My question is related to the idea of money and how it is "based". Early in our history we used silver and gold, today we use plastic, plastic which is related to "securities" of wealth, whether gold or technology. What is the future of money? I think it will continue to be more accessible and yet more accountable, plastic, phones, chips, whatever,, yet more monitored. Any ideas?