[Kosh]

http://news.bbc.co.uk/2/hi/business/4623435.stm



What do you think about this? Is it good or bad?

[BlackDove]

The opposite of anything America wants to do is

That seems to be the rule of these days.

Too many jews running the show.

Time for my tinfoil hat.

[Rictor]

I don't pretend to know economics. I also don't pretend to not want to increase my post count.

[achtung]

I think it's funny.

[Kosh]

Originally posted by Swantz
I think it's funny.

Why?

[achtung]

Because It would make it a helluva lot easier if they would just make numbers smaller with their currency and the fact that they're trying to be rebelious is funny to.

[Black Wolf]

It's allowing China to cheat the global economy, and they're laughing about it. Bastards.

[Kosh]

I personally hope it remains as it is for at least a few more months. It's in my own interests.

[Flipside]

Just goes to show how absolutely worthless 'money' actually is.

Let's go back to the Barter system, at least that didn't pull values out of it's own arse and pretend they have relevance

[Janos]

Originally posted by Flipside
Just goes to show how absolutely worthless 'money' actually is.

Let's go back to the Barter system, at least that didn't pull values out of it's own arse and pretend they have relevance

bbbut money is a natural concept
(Not kidding.)

[Flipside]

It was basically designed as a medium for transaction, it would look a bit odd to be dragging 3 cows and a sack of wheat round sainsbury's so you can pick up a CD

Money was designed to be small and transportable, it's not so much physical money that causes the problem though, it's all the money that exists only on computer and isn't 'real' in any sense. That's what is doing a lot of the damage.

[aldo_14]

[q]
"Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich"

"But we have also run into a small inflation problem on account of the high level of leaf ability, which means that, I gather, the current going rate is something like 3 deciduous forest buying one ships peanut"

"So in order to obviate this problem, and effectively revalue the leaf, we are about to embark on a massive defoliation campaign, and...er, burn down all the forests.  I think you'll agree that's a sensible move under the circumstances."
[/q]

[Black Wolf]

Originally posted by Flipside
It was basically designed as a medium for transaction, it would look a bit odd to be dragging 3 cows and a sack of wheat round sainsbury's so you can pick up a CD

Money was designed to be small and transportable, it's not so much physical money that causes the problem though, it's all the money that exists only on computer and isn't 'real' in any sense. That's what is doing a lot of the damage.

It is real - if it wasn't, the global economy would collapse. It's just sitting around in bank vaults though.

[NGTM-1R]

Negative.

Every time you use your credit card, for example; that's entirely theoritical money.

[Flipside]

An awful lot of the money we own exists 'in potentia', as in it is a fixed value, not real value, of the goods we are buying.

There is far more 'money' in the world than there is worth in goods. If you owned all the money in the world, you could buy the entire planet and still have change of about 300% what you spent. That means that a lot of that money is promissory of absolutely nothing.

[IceFire]

Remember there was the guy that was stealing electronic half cents and made thousands of dollars?

[BlackDove]

Yeah, Superman rocks. Office Space too.

[MatthewPapa]

Originally posted by BlackDove
Yeah, Superman rocks. Office Space too.

Office space kicks ass.

[Janos]

Originally posted by BlackDove
Yeah, Superman rocks. Office Space too.

Superman is a dick.

[Knight Templar]

Well, ultimately, the U.S. shouldn't really have a say in China's economy, so whatever.