Thread: Каддафи хотел заменить доллар золотом

Originally Posted by Crocodile

Yeah, right. As usual, better to some people and worse to the others. We've been through that a couple of times already. Thanks, but no.

You always put yourself on a 'losing side'... Why is that? Are you a banker?

Originally Posted by Crocodile

There are options.

I don't want any options but the collapse of the whole world's banking system. (mad evil laughter here)

Originally Posted by Crocodile

What would you do if you want to live in an apartment, but you don't have enough money to buy it? Rob the bank and end the tyranny of those who have the apartment right now?

Do you live in a cardbox?

Originally Posted by Crocodile

Yes and no. Obviously, with 1 J of energy you could do much much less some 250,000 years ago than you can today. Also, in the observable past (say in the past 40 years), with 1 J of energy you could produce much less comfort (=the value) than you can today.

That's because I didn't know how. The amount of energy was the same and the potential work was there always. What concerns comfort then no, I think the opposite, we require more energy as we progress. There is even a way to estimate the level of development of the society by energy consumption per capita. Therefore if to make myself comfortable in the past I required X Joules of energy now I have to spend X + Y Joules to get the same comfort.

Originally Posted by Crocodile

On the other hand, it was much more difficult to produce those Joules in the past than it is today.

Now, that's true. Still, the initial cost of building a power plant is balanced out by the decreasing of the produced energy cost in total.

Originally Posted by Crocodile

The value of a Joule significantly fluctuates over time.

I don't think so. If you measure everything in joules (not in US Dollars) then the nominal value will be the same. Quite probably, you can buy more bread tomorrow for 100 K Joules than you can do today, but that's not because a Joule would become more expensive, but because bread would become cheaper.

Originally Posted by Crocodile

So, by investing into gold you're actually going to lose money in the long run. Typically, the investment portfolios might include gold to balance (=to save) the investment from fluctuating too much, but in order to increase your investment and/or save it from the inflation, you'd have to have something else.

Again, you can't invest in gold if you have a gold-driven economy. That's pure nonsense. Invest what? Gold? You can, of course buy 1 ounce of gold for 1 ounce of gold, but what's the point of that? I cannot lose money in that case, because MONEY = GOLD. I don't propose investing in gold, I propose to switch from the 'floating value' of money equivalent to a 'fixed value' one, be that gold, joules, or glass beads.