Skydrol
Well-Known Member
- Joined
- Dec 4, 2013
- Messages
- 1,043
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- Location
- USA
- Members Ride
- Pontiac G8 GT
I do not know what is the anger with you mate. I was just stating that Currencies values are based on Confidence and nothing more. All I did was using US Confederate cash as an example on how much is worth before and after. Whatever the scenario is, the value of Cryptos, Plastic, Paper, Rock or Scissors are as good as the other person is willing to accept them as a mean of exchange for goods and services.
Not sure how all is going to end but in a crap scenario, the 1st thing people are going to use is the Gov cash. As soon they start loosing confidence on the Gov institutions it will become worthless pieces of paper and/or plastic. You can have Gazzilion Dollars like Zimbawe and with that, not even able to get a cup of coffee. If you work for the Gov, get paid by the Gov and nobody on the streets want the Gov currency or looses its value at a fast pace, will you still going to work? What about a pension fund based on such Gov currency?
I have been in some parts of the world in my former military carrer, when USDs were not accepted. The value of that currency at that point in time was 0.0
Not sure how all is going to end but in a crap scenario, the 1st thing people are going to use is the Gov cash. As soon they start loosing confidence on the Gov institutions it will become worthless pieces of paper and/or plastic. You can have Gazzilion Dollars like Zimbawe and with that, not even able to get a cup of coffee. If you work for the Gov, get paid by the Gov and nobody on the streets want the Gov currency or looses its value at a fast pace, will you still going to work? What about a pension fund based on such Gov currency?
I have been in some parts of the world in my former military carrer, when USDs were not accepted. The value of that currency at that point in time was 0.0