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Hello I am Jaden... a time traveler
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<blockquote data-quote="walt willis" data-source="post: 113892" data-attributes="member: 3985"><p>Here is understanding of world economics...</p><p>Money than is based on nothing but the good will and faith of the people that accept it is called fiat currency.</p><p>The IMF is a system agreed upon to regulate the values of the world currency exchange.</p><p>They use, for the most part, both oil and precious metals as it is related to every other nations stated currency value.</p><p>Sometimes a nation state will try to game the system by either inflating or deflating the stated value of their money.</p><p>We sell US bonds as a way to expand our spending base, but some countries are getting nervous and worry that we may default.</p><p>The lesser problem may be that we inflate the dollar and greatly reduce the dollars true world value.</p><p>About 98% of all precious metals traded is just on the future value of metal as a promissory paper agreement.</p><p>This is what most nations have been doing for many years and the general dumb public has had no clue.</p><p>The real value of commodities is based on tangibles for the most part unless you are invested in paper stocks.</p><p>If a Bit Coin is made of precious metal, it is said to have "REAL" value.</p><p>Hope that helps you better understand money.</p></blockquote><p></p>
[QUOTE="walt willis, post: 113892, member: 3985"] Here is understanding of world economics... Money than is based on nothing but the good will and faith of the people that accept it is called fiat currency. The IMF is a system agreed upon to regulate the values of the world currency exchange. They use, for the most part, both oil and precious metals as it is related to every other nations stated currency value. Sometimes a nation state will try to game the system by either inflating or deflating the stated value of their money. We sell US bonds as a way to expand our spending base, but some countries are getting nervous and worry that we may default. The lesser problem may be that we inflate the dollar and greatly reduce the dollars true world value. About 98% of all precious metals traded is just on the future value of metal as a promissory paper agreement. This is what most nations have been doing for many years and the general dumb public has had no clue. The real value of commodities is based on tangibles for the most part unless you are invested in paper stocks. If a Bit Coin is made of precious metal, it is said to have "REAL" value. Hope that helps you better understand money. [/QUOTE]
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Hello I am Jaden... a time traveler
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