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RE: Another day
If it cannot be spent, it is not money.
That's why gold has been spendable for 5,000 years.
The dumpsters of history are filled with "money". Gold is still here.
If it cannot be spent, it is not money.
That's why gold has been spendable for 5,000 years.
The dumpsters of history are filled with "money". Gold is still here.
Money: a fungible, portable, store of value.
Fiat is not a store of value and is not money. A kilo of Bolivars, anyone?
The Dollar is a loan note from the Federal Reserve. We only pretend it is money.
fiat is debt
It is all someone's obligation to someone and we bagholders with the paper are the patsies. Anything with another party in the chain will have a hand in the patsy's pocket.
I like PMs because I know where they're buried.