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.

Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (116234)	10/5/2003 1:34:59 PM
From: skinowski	Respond to of 281500

...trying to understand what money is The concept is a moving target... it is fluid... it's in the bank - and yet, it's in the mind. It's a natural common denominator, and it's something which is mandated by law. It goes up to heaven - and it sometimes comes back. In any case, it's fun trying to figure out what it is... ;-). Good luck. Let me know. PS: (in edit) let me add here a brief remark from a post which I wrote earlier today on another thread: ...I am watching gold very carefully, and not just in order to trade it. We trade to make money, but the value of money constantly changes. A daytrader who at the end of the day goes flat is, in fact, taking a long position in the US$. The behavior of gold tells us, as in that old joke, "whe're the fakawi". For as long as gold does not become too strong, I like the Dollar.

To: Ilaine who wrote (116234)	10/5/2003 2:29:29 PM
From: Sun Tzu	Respond to of 281500

OT -- What is Money I think in modern days, money is anything which has no intrinsic value but is accepted in exchange for goods and services (that have intrinsic value). But you will never get the government to accept this definition.

To: Ilaine who wrote (116234)	10/14/2003 5:12:11 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 281500

CB, is the USA leading the world to a new Great Depression and new Great War by getting protectionist? There are a lot of moves to "protect" USA industry against people doing things cheaper in other countries. Here's an article jewishworldreview.com from Thomas Sowell about more causes of the Great Depression. See the newest article but there are others worth reading [all of them]. You'll need to go to archives probably to get the article - scroll to the bottom for archives. <10/09/03: Great myths about the Great Depression > One of the rules of golf is that when you go wrong, you go really wrong. One mistake leads to another until there is chaos in the head and mayhem on the course, with golf clubs being thrown, base language used and distinct feelings of paranoia and schizophrenia. Maybe that's how Great Depressions occur. Then, after defeat, collapse, resignation, and a bowed head one reverts to the more normal day to day treadmill. Even Tiger Woods and the USA, big deal though they are, are not immune to the process. It is vital to recognize the start of the process and quickly go directly back to having shoulder to the wheel, nose to the grindstone, ear to the ground, [a contortionist trick], rather than start thrashing around, cutting imports, taxing the rich or poor, starting a war and suddenly raising tariffs and generally 'doing something' to solve the problem. Mqurice