Actually, it was the credit card that the economy; people - #57293435 added by fishtacos at Aww Yeah Merica'

#3 - jbails

Reply +3 123456789123345869

(07/05/2012) [-]

Because then money stops meaning anything and the structure of the world collapses.

#5 to #3 - greatbear

Reply +2 123456789123345869

(07/05/2012) [-]

Well , that's what America's been doing. Not really America, but Federal Reserves, because Federal Reserves is private.

#7 to #5 - fishtacos

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(07/05/2012) [-]

Actually, it was the credit card that ****** the economy; people spending money that they don't have=bad idea. Invented in America, accepted and used worldwide. It is the beginning of the end for paper money, and the world's overall economy sucks right now simply because we're all trying to figure out how to regulate electronic money. It's noone's fault, it's just trial and error, the way that the human race has moved forward for centuries.

#14 to #7 - sexistbastard

Reply +2 123456789123345869

(07/05/2012) [-]

No it was the federal reserve non stop printing money. Therefore devaluing every other dollar so people's purchasing power was reduced. So, they used credit cards because they couldn't afford what they used to be able to. Then, they went into debt because they couldn't pay off the credit cards.

#8 to #7 - cupcakedevourer

Reply +1 123456789123345869

(07/05/2012) [-]

Paper money is actually useless, they serve only as receipts for gold!

#9 to #8 - fishtacos

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(07/05/2012) [-]

Yet it's kept the world's economy going for decades. It's not the money that's valuable, it's the value that we put in it that is.

#10 to #9 - cupcakedevourer

Reply +1 123456789123345869

(07/05/2012) [-]

The value is gold, that's what it is. In safes under the cities, the world's gold, diamond and silver etc. are hidden, and the paper money is just receipts. Pretty cool.

#17 to #10 - anon id: 15a847d1

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(07/05/2012) [-]

Yup you're right. Paper money is worthless.

Good thing Canada is using plastic money now 8D

#11 to #10 - fishtacos

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(07/05/2012) [-]

But now it's going electronic!!!!!! OH NO