Very fun, one quibble, it should read that the importance of salt can’t be overstated, not understated.
David
January 15, 2016 11:36 am
And, through it all, gold and silver have been valued. But the Keynesians and other high IQ morons who inhabit academia, the Fed, and politics, are sure that gold and silver are so yesterday. I just wonder which of them actually know better but are going along to manipulate people. Not saying gold is going up in the near to medium term, but it will have value in a hundred years and in a thousand.
robert h siddell jr
January 15, 2016 11:48 am
What is really funny is the script money printed up by shysters to represent something of value and then they slowly sell off all the thing of value and just print a fiat money that suckers think has value. Of course the shysters always print tons of the worthless paper for themselves and buy everything of value. Silly suckers.
Yancey Ward
January 15, 2016 11:56 am
Whatever ultimately is money in the long run has to be something that literally takes great painstaking work to produce a unit of, but then has low transaction costs in utilization. Precious metals meet the first criterion, but it is the second that makes that system vulnerable over and over again to depredations. It may well be that we will forever cycle our histories in this regard.
Aheinousanus
January 15, 2016 12:36 pm
You missed one. I don’t have time to research right now and cannot remember off the top of my head but I recall dried animal dung being used somewhere at some point in time. I suspect somewhere in Africa because it has use as fuel for fire.
So at least when they told every other civilization that “your money is not worth shit ” …it was a proud and honest statement.
Wip
January 15, 2016 2:25 pm
Barter
The most honest.
Anonymous
January 15, 2016 2:31 pm
Pepper also traded ounce for ounce with gold in some parts of Europe during the middle ages.
And Whiskey was often used as money on the American frontier in the early days of our country where gold and silver were scarce which is why the Whiskey Rebellion took place there (among people who considered it an income tax).
While they’re relatively cheap, it wouldn’t hurt to stock up on both is you’re among those tinfoil hat survivalist type “preppers” that seem to expect things to collapse soon.
Very fun, one quibble, it should read that the importance of salt can’t be overstated, not understated.
And, through it all, gold and silver have been valued. But the Keynesians and other high IQ morons who inhabit academia, the Fed, and politics, are sure that gold and silver are so yesterday. I just wonder which of them actually know better but are going along to manipulate people. Not saying gold is going up in the near to medium term, but it will have value in a hundred years and in a thousand.
What is really funny is the script money printed up by shysters to represent something of value and then they slowly sell off all the thing of value and just print a fiat money that suckers think has value. Of course the shysters always print tons of the worthless paper for themselves and buy everything of value. Silly suckers.
Whatever ultimately is money in the long run has to be something that literally takes great painstaking work to produce a unit of, but then has low transaction costs in utilization. Precious metals meet the first criterion, but it is the second that makes that system vulnerable over and over again to depredations. It may well be that we will forever cycle our histories in this regard.
You missed one. I don’t have time to research right now and cannot remember off the top of my head but I recall dried animal dung being used somewhere at some point in time. I suspect somewhere in Africa because it has use as fuel for fire.
So at least when they told every other civilization that “your money is not worth shit ” …it was a proud and honest statement.
Barter
The most honest.
Pepper also traded ounce for ounce with gold in some parts of Europe during the middle ages.
And Whiskey was often used as money on the American frontier in the early days of our country where gold and silver were scarce which is why the Whiskey Rebellion took place there (among people who considered it an income tax).
While they’re relatively cheap, it wouldn’t hurt to stock up on both is you’re among those tinfoil hat survivalist type “preppers” that seem to expect things to collapse soon.
http://www.thisismoney.co.uk/money/saving/article-3395473/The-face-value-legal-tender-coins-t-cash-Royal-Mint-mis-leading-special-coin-buyers.html
I read this. Very interesting and informative.
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the strangest currency is the Dollar:
It looks like shit, smells like shit, destroys then world, the planet hates it for 120 years and still there..