<If the dollar goes to zero, please tell me what QCOM will be worth.>
Since you banned me from your cave, but you asked me a question, [which was quite rude, but not surprising, coming from you], I thought I'd answer here. Especially since it is a deflation stream and that by definition is related to what the USD is worth.
QCOM will still be worth a lot of whatever you want to use as a measuring stick. Just as, when currencies go bust, land doesn't become worthless. Real things still have value, even if the usual measuring stick has vanished.
The reason the USD will go to near-zero is because a much better currency will be invented, and I am in the process of doing so.
You thought I might be interested in gold for some weird reason. That's an Aztec anachronism. There isn't enough gold to run a global currency. The value of gold would have to go to about $10,000 an ounce which would cause an absurd gold culture, with people sieving the sea and wasting lives making holes in the ground. It would be like Easter Islander culture, digging and carving useless Moais.
<Please tell me what QCOM's value will be designated in? Ounces of gold? >
I am thinking of calling my new currency the Qi. en.wikipedia.org That will be an all singing and dancing cybercurrency, complete with bells and whistles. I quite like Qi. Symbol Q, which rhymes nicely with QUALCOMM. 100q to the Q. Reminiscent of the Quid, a unit of currency I used to live by before decimalisation of our currency.
The backing of the Quid would be the good faith, wish to live and retain their value, of We the Sheeple who would own and control the currency, unlike the current silly situation where a bunch of politicians in a country with 4% of the world's population can be elected by a bunch of atavistic kleptocratic serfs to manage and self-deal in the world's biggest ever Ponzi scheme. home.nycap.rr.com
There is no reason why the rest of the world should use USD, suffering constant dilution of their holdings. There is no reason why anyone should use any state-backed fiat currency.
You might think such apparently flimsy backing of the Q is not very robust, but individuals value and trust themselves much more than they trust politicians or even our estimable idol Uncle Al KBE, or his successor, Big Ben, aka Helicopter Ben.
A fiat currency is a matter of pure trust and there is nobody better to trust than oneself and other humans who benefit from the same system and who have produced the value in it and who continue to own it while they hold the currency. At present, one can hold a fiat currency but one doesn't own it - it can be diluted at the whim of some self-dealing politicians.
Trusting elected politicians who are habituated to buying votes, using the wealth of the producers to bribe the non-producers, is like asking the fox to look after the hen house. Politicians are unable to avoid eating the odd chicken themselves and they invariably get greedy, sooner or later, and the commons is destroyed, because if they don't do it, the next greedy bastard will.
The Qi will free people from such predation. They will still be lumbered with taxation by bludgers, but their currency will be trustworthy.
QCOM might be worth Q42 today.
Mqurice
<Qi, also commonly spelled ch'i, chi or ki, is a fundamental concept of everyday Chinese culture, most often defined as "air" or "breath" (for example, a term meaning "weather" is tian qi, or the "breath of heaven") and, by extension, "life force" or "spiritual energy" that is part of everything that exists. References to qi or similar philosophical concepts as a type of metaphysical energy that sustains living beings are used in many belief systems, especially in Asia.
Philosophical conceptions of qi date from the earliest recorded times in Chinese thinking. One of the important early figures in Chinese mythology is Huang Di or the Yellow Emperor. He is often considered a culture hero who collected and formalized much of what subsequently became known as traditional Chinese medicine. Although the concept of qi has been very important within all Chinese philosophies, their descriptions of qi have been varied and conflicting.
The etymological meaning of the qi ideogram in its traditional form ? is "? steam rising from ? rice as it cooks" (source: Wenlin dictionary).
One significant difference has been the question of whether qi exists as a force separate from matter, if qi arises from matter, or if matter arises from qi. Some Buddhists and Taoists have tended toward the second belief, with some Buddhists in particular tending to believe that matter is an illusion.
By contrast, the Neo-Confucians criticized the notion that qi exists separate from matter, and viewed qi as arising from the properties of matter. Most of the theories of qi as a metaphor for the fundamental physical properties of the universe that we are familiar with today were systematized and promulgated in the last thousand years or so by the Neo-Confucians.
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