okay, during this crisis.. |
Rating
|
Debate Rules
Here are the general forum rules that you must follow before you start any debate topics. Please make sure you've read and followed all directions.
- Topics are not to bash others.
- Immature behaviors/comments will not be tolerated.
- Please remember, not everyone thinks like you. People have different ways of thinking and different perspectives. Let's respect each other's thoughts and responses.
- PLEASE, search before making new topics--especially popular topics like "God" and "Abortion" etc.
- PLEASE, read through the thread or at least a couple pages before posting. We have to maintain a certain level of maturity in here.
 Feb 22 2009, 03:33 PM
Post
#1
|
|
 Senior Senior Member  Group: Official Member Posts: 1,507 Joined: Sep 2007 Member No: 571,541  |
Whats up with the Economy right now!?
Stocks are falling then rising, then falling again... cant the Government use the "Moneymachine" that produces the Dollar bills to just pay off their Big ass debt to different countries and keep some of it for them selves and STOP TAKING OUR MONEY WITH TAXES!!!!  damn this is getting on my nerves! 
|
|
|
|
 |
Replies
|
Feb 23 2009, 02:38 PM
Post
#2
|
|
 /人◕‿‿◕人\ Group: Official Member Posts: 8,283 Joined: Dec 2007 Member No: 602,927 |
I'm sure it's already been addressed, but if they print more money, inflation is going to get worse. The government has to have the gold to back up the paper currency.
tldr:retard/ |
|
|
|
|
Feb 23 2009, 03:05 PM
Post
#3
|
|
 Senior Member Group: Administrator Posts: 2,648 Joined: Apr 2008 Member No: 639,265 |
QUOTE(9001 @ Feb 23 2009, 02:38 PM)  I'm sure it's already been addressed, but if they print more money, inflation is going to get worse. The government has to have the gold to back up the paper currency. We're not on the gold standard anymore. US currency (and, in fact, most world currencies) aren't backed by gold. The only thing that backs US currency is the government's demands that it be accepted as a valid form of monetary exchange. |
|
|
|
|
Feb 24 2009, 04:19 AM
Post
#4
|
|
|
/人◕‿‿◕人\ Group: Official Member Posts: 8,283 Joined: Dec 2007 Member No: 602,927 |
QUOTE(mipadi @ Feb 23 2009, 02:05 PM) We're not on the gold standard anymore. US currency (and, in fact, most world currencies) aren't backed by gold. The only thing that backs US currency is the government's demands that it be accepted as a valid form of monetary exchange. Well then, it seems that the gold standard was more effective. |
|
|
|
|
Feb 24 2009, 11:46 AM
Post
#5
|
|
|
Senior Member Group: Administrator Posts: 2,648 Joined: Apr 2008 Member No: 639,265 |
QUOTE(9001 @ Feb 24 2009, 04:19 AM) Well then, it seems that the gold standard was more effective. There're advantages and disadvantages to money backed by a gold standard, but one major disadvantage is that the money supply is limited by the physical amount of gold mined, which means either (a) a government must limit its currency, or (b) the value of gold will rise over time (essentially a form of inflation), which can limit its use in industrial applications (gold is used for more than just jewelry and pirate dubloons, you know). However, our current fiscal crisis can't be traced directly back to the lack of a gold backing in our currency (probably not even indirectly, either, but I'm not an economist, I just play one on Internet forums). It's more the result of high-risk banking ventures that probably would've occurred with or without a gold standard. |
|
|
|
Posts in this topic
Jonathan-Andrew okay, during this crisis.. Feb 22 2009, 03:33 PM
kryogenix You can't just magically fix something. It wo... Feb 22 2009, 03:35 PM brooklyneast05 lol did you really just suggest that we use the ... Feb 22 2009, 03:35 PM kryogenix don't worry JC that's a non issue Feb 22 2009, 03:36 PM Jonathan-Andrew Yea i just said that we should just make money lik... Feb 22 2009, 03:37 PM
Tomates QUOTE(Jonathan-Andrew @ Feb 22 2009, 03... Feb 23 2009, 09:21 PM kryogenix Do you know what that would do to the value of the... Feb 22 2009, 03:39 PM Jonathan-Andrew OH YEA!! not if they do it *secretly*.. ... Feb 22 2009, 03:41 PM interpretation QUOTE(Jonathan-Andrew @ Feb 22 2009, 03... Feb 22 2009, 03:53 PM kryogenix scandals don't go over well Feb 22 2009, 03:42 PM Jonathan-Andrew i kinda expected that.. Feb 22 2009, 03:45 PM Beenly Debating is serious.
The American Dollar would ... Feb 22 2009, 04:20 PM kryogenix QUOTE(Beenly @ Feb 22 2009, 03:20 PM) Uni... Feb 22 2009, 04:38 PM Beenly QUOTE(kryogenix @ Feb 22 2009, 01:38 PM) ... Feb 22 2009, 04:44 PM illmortal QUOTE(Jonathan-Andrew @ Feb 22 2009, 03... Feb 23 2009, 02:12 AM BOSS http://editorialcartoonists.com/cartoon/display.cf... Feb 23 2009, 05:39 AM PrIncEoFSeXaPpeAL QUOTE(Jonathan-Andrew @ Feb 22 2009, 03... Feb 23 2009, 02:34 PM PrIncEoFSeXaPpeAL i luv how buncha u idiot just say the same shiet e... Feb 23 2009, 02:41 PM PrIncEoFSeXaPpeAL ^ like that gonna happen NUB.. Feb 23 2009, 03:06 PM KilluhErick lmao love your imagination!!!! Feb 23 2009, 03:09 PM PrIncEoFSeXaPpeAL lmao.. stop flirting oh you silly.. Feb 23 2009, 03:31 PM Jonathan-Andrew yea prince,
L E A R N - T O - T Y P E - R I G H ... Feb 23 2009, 09:18 PM PrIncEoFSeXaPpeAL QUOTE(Jonathan-Andrew @ Feb 23 2009, 09... Feb 23 2009, 09:22 PM Tomates thats how prince has always typed. You will learn ... Feb 23 2009, 09:24 PM Jonathan-Andrew hahaha did wat prince? i was Born here! So TOP... Feb 23 2009, 09:24 PM PrIncEoFSeXaPpeAL i was born in MEXICO! SO TOP THAT! Feb 23 2009, 09:27 PM Jonathan-Andrew okay.. wel i should just call "ICE" then... Feb 23 2009, 09:37 PM IamLegend QUOTE(Jonathan-Andrew @ Feb 22 2009, 04... Feb 23 2009, 11:42 PM illmortal QUOTE(IamLegend @ Feb 23 2009, 11:42 PM) ... Feb 24 2009, 04:16 AM Aberisk "moneymachine"? thats what Zimbabwe did ... Feb 24 2009, 12:28 AM |
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members: