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|#16 - that is not a mirror it is a picture, you can also see that sh… [+] (3 new replies)||12/31/2012 on Nice ass||-1|
|#9 - what does the B and O stand for we use PEMDAS here (parenthesi… [+] (4 new replies)||12/29/2012 on So i found this on fb||+1|
|#157 - I have a question for you FJ, I want to know your opinion on m… [+] (14 new replies)||12/26/2012 on OP||0|
#173 - ludislavonac (12/26/2012) [-]
It's simple really, money is the universal instrument of exchange. If you have money you can exchange it for other goods and services, the more of it you have the more goods and services you can get. Now we come to a biological/psychological part. I believe it's something in our very nature that gives us that urge to have more and more, hence our need to earn more moneyz.
#164 - anonymous (12/26/2012) [-]
Money is an artificial value; of course it is not the material that makes the value, it's simply the fact, that everybody accepted to treat money as if it was worth anything. In the early days of banknotes, they had written on them, that you could swap them anytime to a certain amount of gold.
#162 - jakeattack (12/26/2012) [-]
well there. money, money is a powerful thing. its more an idea than anything. the idea of a possibility. bartering used to be the standard, it used to be like this. "oh hey il give you 2 cows for 3 sheep deal? okay! thank you come again" trading between people. but not everybody wants sheep or not everyone is willing to accept a cow. things like that arise that trading is difficult when maybe i have a surplus of cows, and i want a horse. but the guy with horses wants clothes and so forth. trading only works for simple things like baseball cards and stuff like that. so realy money was just a way to give some kind of universal trade, giving the guy 20 gold coins for a horse, now he can do whatever with that. money is more an idea realy like i said. its the idea of giving him something of value, without actually giving that specific item. back then they used gold coins to signify that. now we need other forms since gold is expensive and coins are hard to have in quantity. yeah if you read the first page of the hitchhikers guide to the galaxy, Douglas Adams says the same thing you do, how humans are fascinated with the circulation of little green pieces of paper. the thing is, its not the paper, its the idea. the paper just represents the money, currency can be digital now even. but having a piece of paper that is especially marked, signifies this idea of currency. its a way to prove that i really gave you this 'idea'. i give him the idea of value, he takes that and gives the value to another person in exchange for what he wants. its the idea is what it is, the idea of value is simply put into physical form. the paper isn't valuable at all, but the idea is.
#161 - mrtwilightsparkle (12/26/2012) [-]
Well, not to be rude, but paying attention in school would be a remedy for your curiosity. Bills gain value through the gold that is used to back their worth, hence Ft. Knox. Now, that brings rise to the question "Why is gold valuable?" That is because humans are naturally desirous of certain things, and gold is both rare and pleasing to the eye. Simple as that.
#171 - mrtwilightsparkle (12/26/2012) [-]
Actually, money is backed by gold. In today's society, money is valued by how much it is worth to other nations, in a way. Look at Post-War Germany. Franks were virtually worthless because not only had Germany spent all its money on manufacturing, but it also lost a great deal of its wealth to other nations after they lost. Now I must ask, how far back do you mean by "A long time ago?" Because until recently, money was backed by its own value, for example, ancient Roman coinage was actually made from gold and silver, not a cheaper metal.
#198 - texassharpshooter (12/26/2012) [-]
ok, "a long time" is maybe a little too extreme, actually this happened in the last century, but money especially money bills are still not backed up by gold; they were because there stood that you could get the banknotes value in gold, the same amount of gold as you would have gotten a year before or a year later. Now you can't get the same amount of gold as you would have gotten a week before. Also backed up would mean that the bank can only print as much money as much gold they have, but if we all tried to trade our money to gold, even the gold in Fort Knox would run out.
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