Don Surber: The Art of War, Trump edition: money is an interesting commodity based on illusion. the belief amongst those can't find indiana on a map, much less n. Korea, that it has some innate value, is based purely on government propaganda. Nixon tore the shreds of a standard into confetti. the only value money has is based on government say so. it used to be paper. now its just electrons.
as any physicist will tell you, hey EarthLing- there's no such thing as electrons. its just a place keeper until we figure out what's really there.
like genes were before the discovery of DNA.
liberals deride the decisions of the market constantly, and claim it doesn't work. they hate the market because it corrects the foolishness constantly. but that illusion is exposed by the markets reaction to moneys value by upgrading or downgrading based on the markets definition, not that of the government.
moneys value is ENTIRELY based on the peoples belief in their government. the more onerous the govt restrictions on money, the less people believe in it. this disbelief is often fueled by the govt printing it by the train load. followed by their demand that people use it. any nation that follows that path is often accompanied by a vigorous black market assigning the ACTUAL value to that money, even if that involves a 37% discount, a 137% discount, or a 13700% discount. in the soviet, people said, they pretend to pay us, and we pretend to work. but the bosses accepted that, and got their own medicines from e. Germany. this is a market evaluation done on an individual basis. its the same decision a predator makes when he stakes out a waterhole.
what's in it for me?
even in the us, when carter ramped up the presses until they were smoking, people weren't fooled, and the pursuit of gold coins, junk silver, rare stamps, gems, etc. or anything else with intrinsic value reached insane proportions. it even got to the point of insanity where billy beer became a store of value. like tulips.
waterman
