Perhaps it means it is rising while other currencies are falling. Have you given that a thought yet?
The Fed has no choice but to raise interest rates and crush the market
- Thread starter Max E.
- Start date
I'll have to disagree. Even the generic google definition of "money" defines it as a "medium of exchange". Gold can qualify as that. Hell, in some circles ammo can qualify as money. That it is accepted for the exchange of goods/services qualifies it.
The circles it may be accepted may be much more limited, but that's all. You'll say something like "You can't take gold to the grocery store to buy food." You'd be correct. But I can't take Euros there either, unless I'm in Europe.
Money is such wherever it is accepted as a medium of exchange. Gold can be money. Bitcoin can be money. Far more limited, mind you, but it is still considered money.
So the lesson for Max is, if the price of bananas is falling, it's because the Fed is rebasing our currency?
Bananas? Bananas are certainly relevant to this discussion, but more in the way of the mental stability of some.
Why not bananas? At least they have the distinction of being food, which is a little closer to a real measure of value than ammunition, for most people, anyway. And bananas, like everything else you mention, could be exchanged for currency with which one could pay their bills and read their account statements--therefore they too are currency.
What was the price of bananas in the 70's what is it today? Moron.
Edit: And in what world do you live in where the price of bananas is going down?
What was the average hourly wage in the 70's?
It occurs to me bullshit is manure, which is bought and sold. So your bullshit is currency, too!
: )
So wages have doubled since 2004, thats how you explain the doubling of the price of bananas?
Sure. Wages doubled BECAUSE OF FED DEBASING!!!1!
Talking to you is like talkning to a wall, i have no desire to do it.