Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (20313)	6/27/2002 3:47:20 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

It is just a gauge to compare value of things. I swap my time and efforts for a certain amount of money. They can chose pay me in whatever currency they like as long I have a way to gauge this money I am getting. That because I end up using this money to buy a very big spectrum of goods and services in different currencies. Money, for me is very like a thermometer. Whatever you use, Fahrenheit, Kelvin or Celsius, it is immaterial, water will always freeze or boils at the same temperature irrespective of the number you read in the thermometer. Because it would be impractical to use various gauges, for money, people, for simplicity, prefer to use a very few numbers of gauges. Hence the USD Dollar is a chosen gauge. Once you know that your money is THE gauge, you are in a very comfortable position. Your gauge-money is sought after, so you can print as much as you want and no one will care. Other thing people who has the chosen money-gauge do, is to promote this money as the gauge par excellence. Like showing jet-fighters, tanks, uniformed men talking -authoritaive- inf ront of a microfone, aircraft carriers etc, for the J6P's of this world to believe in some kind of solidity of the country where the gauge is printed. Similar to those cathedrals built in the middle ages to intimidate the peasants of the past.