A potential realistic alternative to fiat currency.

jprad · Dec 21, 2009

Quote from PlusMinus:

Nixon had himself to blame, it was his easy money Fed chairman, who advised him during his first presidential bid, who pumped money and caused much of the inflation of the late 60's and early 70's.

You're quite good at missing the point.

Is that something you had to practice, or did it come naturally to you?

KINGOFSHORTS · Dec 21, 2009

Quote from Arthur Deco:

Research the Weimar Republic's Rentenmark for the last ditch asset backed currency.

We might have to end up doing the same at some point in the future.

mgabriel01 · Dec 21, 2009

Quote from TraderZones:

They already do that. That is how the new superheavy elements are discovered, smashing together lighter elements. Except they often last for millionths of a second or so.

They now create high-quality diamonds in the lab, which can be made in rare colours and very high value. They are cheaper than natural ones, and DeBeers trembles. Someday, diamonds will be cheap

If gold or silver is made cheaply, then it will no longer have much value.

By one estimate, if Debeers put all the diamonds it owns today on the open market, they would sell for about 10 cents a pound

risky63 · Dec 21, 2009

Quote from KINGOFSHORTS:

Curious, what would happen if in 20 years someone figures out how to turn lead into gold or silver. Using some new tech.

How would that effect the economy.

About stock, why would a company want to dilute themselves. They have dividends to pay out etc.. printing more shares would only hurt themselves.

I know quite a few fecal alchemists

mgabriel01 · Dec 21, 2009

Quote from risky63:

I know quite a few fecal alchemists

I knew a pretty good alchemist in college - but he put all his efforts toward a better LSD

KINGOFSHORTS · Dec 21, 2009

Scataphagos · Dec 21, 2009

Quote from KINGOFSHORTS:

Curious, what would happen if in 20 years someone figures out how to turn lead into gold or silver. Using some new tech.

How would that effect the economy.

Not likely. You know what happens when they add or break off protons from elements, right?

promagma · Dec 21, 2009

Quote from peilthetraveler:

Except that companies can still print shares. Its still just like fiat, just more of a paper trail.

Yeah ..... good idea from the OP, but you would have to make stock valuations a little more honest. If you buy a share of the company, you are buying into the upside, but you should also be liable for a share of the company debt. When a company goes bankrupt, shareholders lose the investment + pay off debt.

That would sober things up real quick.

Kassz007 · Dec 22, 2009

Quote from the1:

You have to study the history of fiat currencies to understand why a fiat currency is the only type of currency that will work. There is nothing wrong with a fiat currency -- it's the abuse that destroys it. To fix the monetary problems mankind has you have to fix mankind. That ain't gonna happen so get used to financial crisis after financial crisis. It's always been that way and it will always be that way.

+1

There will always be ups and downs. The only thing we can do is stay flexible and remain educated.