Why Its Pointless To Argue With Global Warming Believers 2012
ZnU
But now it sounds like the USD is based on nothing more than the paper it is printed on and by blind trust. When the trust disappears, so will the money. The point is, that money is a common medium of exchange. For example, if the system somehow dived to the bottom, people will still need goods. My sack of potatoes will command the highest price of exchange if one wants to eat... in gold. They can keep the worthless paper, ... well I'd take a big sackful for toilet paper.
Who cares if the lending markets take a dive once in a while. People need to live within their means and so do governments.
You're missing it... that's not the reason it needs to be different. I answered the *exact* question that you asked and this is what I get...
Try to clarify this point for me. What will happen if all the money lands into the hands of the few wealthiest? What will happen then? Sounds to me more like a game for the wealthy to see how much they can accrue.
-- Where are we going? And why am I in this handbasket?