re representation of value,
value: roof over head for a month in some locale and everything in, under and around it, coffee in the am, schooling, job prospect upon graduation and income obtainable, home office space, transport to town office, town office space, income derived from office space, lunch, dressed-to-hurt ladies sashaying in the office lobby and mall venues nearby, governmental tithe system (paid-in vs returned), dinner, etc etc
much of the value has a global demand as well as a global price per exchange rate, from the roofing material, coffee, transport, international teachers, etc to the cost of medicine.
representation of value: whatever it is in all localities, by whatever fiat currency, and across borders, by exchange rate in turn and supposedly linked via interest rate, sustainability, etc.
fiat currencies are all managed, badly or otherwise
interest rate set by the managers
exchange rates are gamed
onward to last fiat currency standing
as correctly hinted recently in ft, gold, should it be deemed not to be traded or otherwise become on traceable, gold would cease to have transaction value, and
i guess gold would only have a call-option value on the monetary scheme after it becomes traded / traceable, meaning on the other side of universal monetary zero-state reset post d.i.
all managers of all fiat currencies are or ought to be doing their best to sustain their respective currency systems and managing the interactions amongst all and the engage between pairs of currencies
their collective best shall not be good enough for long enough as far as the current generation of savers are concerned, my guess
enough of the time the currency managers are playing cooperatively even if destructively of the currencies, in a smooth, coordinated, gradual, and sequential process
sometimes they get together and present us w/ a surprise
other times the politicians and their media masters and data slaves get engaged, and currency wars happen, and the currency wars may have jarring intersects w/ cold, warm and hot wars. at some times the world becomes harder to predict and to manage, then interesting sh*t happens.
the 'other' time is now.
how 'other' times interact w/ collapse progression and onset of d.i. anyones guess.
let us pray for a soon and short d.i. |
