tag:blogger.com,1999:blog-2092475090824666694.post2620766141660026123..comments2023-12-20T19:39:29.865+00:00Comments on Munguin's Republic: JUST A THOUGHT...Munguinhttp://www.blogger.com/profile/16475165830302054002noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2092475090824666694.post-56394861010899874082013-12-14T20:58:22.268+00:002013-12-14T20:58:22.268+00:00If he did it here the'd be trampled underfoot....If he did it here the'd be trampled underfoot...<br /><br />Dont want to learn no lessons. That will buy two baggies!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2092475090824666694.post-84917235655488742232013-12-14T20:57:04.418+00:002013-12-14T20:57:04.418+00:00Now... what currency does that remind you of. Wort...Now... what currency does that remind you of. Worth nothing except the expectation of riches to come from under the sea?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2092475090824666694.post-67008884310580602702013-12-14T18:22:14.297+00:002013-12-14T18:22:14.297+00:00Love versus trust!
How a fiat currency works
A f...Love versus trust!<br /><br /><i>How a fiat currency works<br /><br />A fiat currency is a monetary system where the medium of exchange has no intrinsic value. Fiat money is backed solely by the authority of a governing body and the trust of the public. Since it is not backed by something with intrinsic value like gold or silver, it is instead representing existing and new value created in the economy. A fiat currency is much more elastic than a gold or silver backed monetary system because all it takes to satisfy an economy with unlimited demand is to create new issues of currency. However, as soon as money is created, it is accompanied by inflation because it dilutes the value of existing currency in circulation. This goes the same for the destruction of money as this adds more value to the surviving currency in circulation. For a fiat currency to work, it needs the trust of everybody using it. It is done by various regulations that governments can enforce in order to regain value or build trust to its currency.</i>cynicalHighlanderhttps://www.blogger.com/profile/06034325908473006163noreply@blogger.comtag:blogger.com,1999:blog-2092475090824666694.post-59042950033265341782013-12-14T15:34:37.729+00:002013-12-14T15:34:37.729+00:00Nice. :-)
I dare that teacher to do that in some ...Nice. :-)<br /><br />I dare that teacher to do that in some other countries though!Jutemanhttps://www.blogger.com/profile/11061671774494923407noreply@blogger.com