Upload
YouTube Videos
Funny Pictures
Funny GIFs
Funny Text
Funny Movies
Login or register
Your Posts
Login or register
Login / Create Account
Create Account
Email is optional and is used for password recovery purposes.
Click to Create Account
Login to FJ
reset password
Stay logged in
Click to Login
Log in/Sign with Facebook.
Log in/Sign up with Gmail.
Create Channel
Tumblr-Content
animemanga
4chan
aww
vidyagaems
WholesomeMemes
politics
oc-comic-makers
cat
dungeons-n-drags
fallout
FJNN
dccomics
UnlimitFateWorks
CartoonGoodness
marvel
twitter
Daily-Jokes
OneForAll
furry
animals
starwars
joshingtime
NegativeFrames
overwatch-time
cute
zawarldo
SVTFOE
ponytime
warhammer40k
DankHistory
zootopia
criticalrole
tf2
dank-webms
dank-meemz
freestuff
Healthyandstro
cringe-channel
simpsons
cooking
Remaining character count: 4000
Spoiler Image
[ + ]
Image or Video File:
Shortcuts: "C" opens comments. "R" refreshes comments.
Record voice message?
0:00
Click to start recording.
Enter Captcha Code:
Scroll to comment?
Back to the content 'tip'
Refresh
Options
asd
2
new threads.
1
new replies.
#67
-
ilikebuttsex
Reply
+13
(06/27/2013)
[-]
I mean i guess it sorta makes sense, considering the value of a piece of paper is merely depicted by the numbers someone wrote on it, then surely someone else can come along and declare it worth $20 instead of $10 since the physical paper has no value in itself.
I wish we had stuck to exchanging precious metals and whatnot, this paper currency is ********
#140
to #67
-
fosforgasxiii
Reply
-1
(06/27/2013)
[-]
That worked in a feudal economy in the middle ages, but it wouldn't work in a modern economy. What if a company wants to invest, say $50 million in a project? Do they need to bring a train full of gold? How should a government be able to collect billions of tax money in a country as big as the US? How do you pay a vending machine? Does every store now needs a saw to be able to give change? What about online buying/banking?
And last but not least, metal is heavy, do you want to cary pounds of silver and gold with you everytime you go shopping?
#116
to #67
-
rescueryan
Reply
0
(06/27/2013)
[-]
Well then banks and such would be invalid since electronic currency is the same sort of thing. In that case say goodbye to alot of technology like online shopping etc
#107
to #67
-
godhatesusall
Reply
0
(06/27/2013)
[-]
Fiat money.
#105
to #67
-
tehpwnz
Reply
0
(06/27/2013)
[-]
yea man, it would be so much more convenient to lug around sacks of coins everywhere
#86
to #67
-
alarmdemon
Reply
+1
(06/27/2013)
[-]
well before 1933 money was redeemable in gold.
#77
to #67
-
carneymaster
Reply
0
(06/27/2013)
[-]
Paper money used to be silver notes. you could take them to any bank and exchange them for silver. dollar for dollar. pound for pound. You get it, anyway. Now, they are federal reserve notes, they are not even worth anything unless the government says they are.
#78
to #77
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
exactly, and what if your government fails and all "virtual value" of paper bills are lost. then everyone with money is left with a stack of paper with drawings on it.
I personally invest in gold, its always going to have value regardless of bitchy governments
#80
to #78
-
carneymaster
Reply
0
(06/27/2013)
[-]
The south had this exact problem with confederate money. And the problem with gold is, The government can confiscate all gold everywhere. Its a real law. The gold hedges and stuff count on the government being to scared to do something that drastic though, and i would imagine they are right.
#88
to #80
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
I live in straya so i dunno laws in murica
#72
to #67
-
Keoul
Reply
+5
(06/27/2013)
[-]
To be fair lugging around precious metals would be a massive pain in the ass.
It's waaay heavier than paper money and it's worth are in "fixed" amounts.
Say you have a 500g piece of gold and you want to purchase something that costs 299g (let's be honest that 99 ******** would still happen) How would you split it and how would change work?
Both sides have it's benefits.
#135
to #72
-
anon
id:
c71f0063
Reply
0
(06/27/2013)
[-]
considering gold is worth about 10x as much as silver and silver is 10x as much as copper.....
It would be very easy to calculate. I say this and don't give you a straight answer because precious metals are measured in troy ounces, not grams.
#110
to #72
-
dragonock
Reply
0
(06/27/2013)
[-]
bitcoin
#111
to #110
-
Keoul
Reply
0
(06/27/2013)
[-]
I have no idea how the hell that works.
It perplexes me and I don't ever want to dabble in it.
Some junk about computers doing complicated calculations to generate each bitcoin and that's all I know about em.
#112
to #111
-
dragonock
Reply
0
(06/27/2013)
[-]
yes but there is only a set amount generated and governments can't control it because of the algorithms and encryption, i think currenty 1 bitcoin is around 40$ I don't mess with it either because of the intense cpu required
#73
to #72
-
ilikebuttsex
Reply
+1
(06/27/2013)
[-]
yeah ofcourse you wouldnt want to be carrying arounnd bags of metals, but in saying that over hundreds of years we would have surely come up with an efficient and easy method of trading.
#84
to #73
-
Keoul
Reply
0
(06/27/2013)
[-]
How about credit cards?
Aside from all your finance being in held by an evil bank corporation type dealio it's pretty sweet, even moreso when they add more variety in the cards like debit or what have you.
#92
to #84
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
i dont use credit cards, and dont know why people do either, its a ******* evil scam.
#104
to #92
-
necroshiz
**User deleted account**
0
has deleted their comment
[-]
#95
to #92
-
Keoul
Reply
0
(06/27/2013)
[-]
To shop online for one.
And for actual credit cards not debit cards it's basically a mini-loan you can take that's often interest free for a few days, so as long as you're punctual interest doesn't hit you hard. It's pretty handy when you need something now but don't have the money for it like going for groceries and you forgot to withdraw from the bank that day.
#97
to #95
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
yeah online shopping, i guess that would be one of the setbacks, obviously im not argueing that metal trading is master race with no flaws, i just personally think its better than some **** the government gives you
#70
to #67
-
rhiaanor
Reply
+1
(06/27/2013)
[-]
"You are getting paid in 4 pounds of gold, 7 ounces of iron and 1 1/2 ounce of bronze for this week's salary." Yeah because you know, it would be so easy to do things like that. "Here jimmy you get 1/2 ounce of iron for washing the dishes" No.
#71
to #70
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
calm yer tits there mate, I wasnt being literal, and anyhow, if civilization did stick to exchanging metals, surely there would be a much advanced method of doing so other than "here take this hunk of metal".. -.-
#106
to #71
-
tehpwnz
Reply
+1
(06/27/2013)
[-]
you're right we progressed such a long way since we exchanged pieces of metal for things
#79
to #71
-
alhemicar
Reply
+1
(06/27/2013)
[-]
Like, maybe giving you a tiny piece of paper that weights almost nothing???
#83
to #79
-
ilikebuttsex
Reply
-2
(06/27/2013)
[-]
your not putting it into perspective, if we did still use metals as a means of exchange, you would not be living your life as it is now, with wallets and whatnot. infact your house would not even look the same, just off the top of my head i could think of a system where everyones house had an underground or backyard 'safe' where precious items are kept, and when out buying something you make some sort of contract agreement, then at the end of the week or month, a collector comes by and collects the amount you owe during that period. that probably isnt the most efficient but just one way. it would still be better to have soemthing of real value rather than virtual value.
#85
to #83
-
alhemicar
Reply
0
(06/27/2013)
[-]
Oh I certainly am putting it into perspective. But excuse me for failing to realize why the **** that is anything better than using virtual value?
#87
to #85
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
you really dont know what the benifit of having something with REAL SOLID VALUE that isnt affected by governments and control as opposed to VIRTUAL VALUE DICTATED BY A FEW PEOPLE THAT HAS THE RISK OF LOSING IT ALL? really? aside from the convenience of carrying it in your pocket, theres no other real benifit to bank notes
#108
to #87
-
tehpwnz
Reply
0
(06/27/2013)
[-]
you do realize that nothing in the universe has real solid value right? things are valuable because people have decided they are (usually because they are pretty looking, but not necessarily)
#109
to #108
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
well we go by the common argument that the rarer something is the more value it has.. according to your logic then nothing in the universe has any sort of value both physically and mentally.
#89
to #87
-
alhemicar
Reply
0
(06/27/2013)
[-]
Uh, oh, you do realize metal curencies would still be recognized in only one country? It's the ******* same.
#93
to #89
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
uhh no not really, it wouldnt be a metal "currency" the solid value of the item, be it gold, silver or copper, would have a value in every country regardless, because it isnt depicted by government
#94
to #93
-
alhemicar
Reply
0
(06/27/2013)
[-]
Except that it would have the nation's coat of arms on it : P
#96
to #94
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
lel, doesnt change the value of the physical item just because of printings on it. i really dont think you get the idea do you?
#99
to #96
-
alhemicar
Reply
0
(06/27/2013)
[-]
You do understand it wouldn't keep it's own value? You still have coins but 1 penny =/= 1 pfenning.
What you are talking about exists today too, it's called hard currency.
#101
to #99
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
well ofcourse it wouldnt keep its exact value in one country the same as another, exchange rates would still apply, but what my main point im trying to argue is that no matter what you would have something with real value.
#102
to #101
-
alhemicar
Reply
0
(06/27/2013)
[-]
True, but it's actual value would mostly be far smaller than it's currencial value (again because of bitchy goverments).
#103
to #102
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
hah yep, there is no real solution to it, but theres gotta be better ways than merely having pieces of paper with imaginary value you know what i mean
#81
to #79
-
ilikebuttsex
Reply
0
(06/27/2013)
[-]
no.. stop trying faggot..
#82
to #81
-
alhemicar
Reply
0
(06/27/2013)
[-]
trying =/= succeeding
Back to the content 'tip'
Top in 24 Hours
Random Interesting Facts Compilation
647
4h ago
No inbetween
580
4h ago
Evil
345
3h ago
Nappa
222
2h ago
😂
386
3h ago
:)
326
3h ago
Braille
181
1h ago
Mah heart,mah sole
189
1h ago
slim wholesale Bee
248
2h ago
Random Interesting Facts Compilation
545
5h ago
Birthday
516
7h ago
Hello, is this the KGB? No, this is Patrick!
133
1h ago
I'll Be There for You
553
6h ago
Great memory but lacks practice.
96
1h ago
British Person and a Gun
104
1h ago
In case you haven't heard
242
3h ago
A Dose of Adorableness
332
6h ago
well-off long-term uttermost Lion
254
3h ago
Power trio
86
49m ago
humorous gruesome Mantis
153
2h ago
mgs3
230
3h ago
Dark Souls Boss Fights be like
82
1h ago
second-hand spurious Squid
85
1h ago
real open rich Mink
183
2h ago
Diabeetus
89
1h ago
Australia
133
3h ago
flimsy obnoxious jumpy Giraffe
127
2h ago
Worth It
543
8h ago
Starlord
624
8h ago
Anon gets a nickname
620
8h ago
NVIDIA.
118
1h ago
impolite solid dusty Caribou
857
11h ago
Lawfully wedded husband
818
11h ago
tangy hideous bright Swallow
49
1h ago
That was close.
65
1h ago
When he gives you nicknames
84
1h ago
sticky attractive Goldfinch
68
55m ago
Zuccening
211
5h ago
weakened
128
3h ago
Straya!
547
9h ago