Paper Money and Fiat Currency is the Mark of the Beast
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you are describing fiat currency.
a tangible unit of exchange not having value in and of itself but agreed upon to represent actual useful wealth, with its valuation being established by rarity arising either by natural finite scarcity or agreed-upon deliberate finitude of production.
that's what gold is. it has valuation for reasons of vanity - to make pretty adornments - and by reason ((primarily)) of agreed-upon representation of tangible wealth like chickens and cows and land.
a tangible unit of exchange not having value in and of itself but agreed upon to represent actual useful wealth, with its valuation being established by rarity arising either by natural finite scarcity or agreed-upon deliberate finitude of production.
that's what gold is. it has valuation for reasons of vanity - to make pretty adornments - and by reason ((primarily)) of agreed-upon representation of tangible wealth like chickens and cows and land.
Gold and silver is not "fiat", because gold and silver have value. Whereas paper is less common, and has zero to very little value. But the banks give it a value as valuable as gold, but it's true value, which is paper, is not that value, which is why it is "fiat" money. It is an imaginary value, a false value, which they use to steal, through the ignorance of the masses.
the price of gold does exactly the same thing. however there are definite and universally accepted exchange rates, even if they change from day to day. the same can be said of a hen or a goat - today someone will give you 8 doves for a lamb; tomorrow they may give you 7. it's only unjust if you commit usury or charge your enemy 14 doves but your friend 6.
you are defeating your own argument that silver/gold is "ok" but paper/shells/beads/whatever is not.
you are defeating your own argument that silver/gold is "ok" but paper/shells/beads/whatever is not.
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oh? do they?
do they fill your belly, or keep you warm on a cold night?
you're wrong. you have to exchange coin for food or shelter or blankets.
silver/nickel/brass/gold/tin/platinum etc only have value as currency by fiat and/or mutual agreement as a form of representative, not tangible wealth. same as paper or bitcoin.
a dime isn't magically "real holy currency" but a dollar isn't just because of the physical material property of it.
you'd actually be better off with a whole lot of paper dollars than ten times as much coin, if you were cold. you could sew a garment from the dollars but the coin would not keep out the wind.
do they fill your belly, or keep you warm on a cold night?
you're wrong. you have to exchange coin for food or shelter or blankets.
silver/nickel/brass/gold/tin/platinum etc only have value as currency by fiat and/or mutual agreement as a form of representative, not tangible wealth. same as paper or bitcoin.
a dime isn't magically "real holy currency" but a dollar isn't just because of the physical material property of it.
you'd actually be better off with a whole lot of paper dollars than ten times as much coin, if you were cold. you could sew a garment from the dollars but the coin would not keep out the wind.
No, the value of gold is based on weight. That is why the Torah calls for righteous weights and quantities. I give you an ounce of gold for your laptop. You give me 2 ounces of gold for all my refrigerator. The value of gold is based on weight. Whereas paper money, it is a perceived value, because it is merely paper, and those who issue it give it some value, which they then devalue over time, to their advantage. It is thievery.
Paper money does not fill your belly any more than gold does. "Money" has nothing to do with filling your belly, it has to do with a medium that everyone considers valuable. Everyone considers gold to be valuable, which is why it was used for thousands of years as money, and its value was based on weight. Whereas paper money is considered to be valuable by everyone based not on weight, for it is merely paper, but on a perceived value. There is a huge difference. And through that perceived imaginary value, those who issue it deliberately devalue it. This isn't difficult to understand.
gold's value is exactly the same as currency: by fiat. not intrinsic. you can't eat it. you can't fertilize your garden with it. you can't clothe yourself with it to keep warm or dry.
valuation of gold around the world throughout history is not universally identical.
certain tribes in the Yucatan had so much gold they considered almost worthless as anything other than sculpting medium. the conquistadors, who had a system which valued gold as representative currency, took great advantage of this. it is the same for other things such as silk, gems or other metal ores -- where it is plentiful, it is not valued highly. where it is scarce, it is.
it is only a just measure of currency when its valuation as representative, fiat exchange is mutually agreed on.
valuation of gold around the world throughout history is not universally identical.
certain tribes in the Yucatan had so much gold they considered almost worthless as anything other than sculpting medium. the conquistadors, who had a system which valued gold as representative currency, took great advantage of this. it is the same for other things such as silk, gems or other metal ores -- where it is plentiful, it is not valued highly. where it is scarce, it is.
it is only a just measure of currency when its valuation as representative, fiat exchange is mutually agreed on.
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That is an ignorant comment, for even big time investors today purchase large amounts of gold and silver knowing that these are the only things that ever hold their value when paper monies collapse, which has happened many times because ultimately this financial system in the world is based on money that is merely paper, fiat currency. It's the very reason why it is rumored that an ounce of silver buys around 6 months of food in Venezuela, for the value of their paper money is at the floor, but the value of gold and silver remains. What I am telling you people is intelligent, but pearls are wasted on dogs who have no understanding.
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