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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Haim R. Branisteanu who wrote (31445)6/4/2005 6:02:03 PM
From: Tommaso  Read Replies (2) of 116555
 
Real money is that which is accepted as real money.

Real money is what I put in my wallet or in my pocket in addition to some other items that will not be accepted as payment.

Real money is the only thing that will extinguish a monetary debt. Forgiveness of a debt, from the point of view of the IRS, is real money.

Real money is an accepted convention, like wearing clothes. If you do not have clothes on, you will have a hard time buying a hamburger, even if you have some real money.

Real money is something that ought not to be discussed in polite conversation, like real sex. And the more money you have the less you should discuss it, just like the more sex you are getting, the better it is that you not talk about it, especially if the sex you are getting is better than the sex that other people are getting.

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