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A visualization of the worlds money & financial nightmares .
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<blockquote data-quote="user 4386" data-source="post: 423541" data-attributes="member: 4386"><p>How does that work exactly? Obviously gold would be useless for the purpose considering the tiny amount in existence relative to everything else. And when the crash occurs and most people are broke, are they going to buy that house, car or jewellery asset that you have put your money into? If no one else has money to buy, their prices will crash. Their value, like a fiat currency, will be artificial in the short term, perhaps not so bad in the long term (obviously those with something physical at least have a potential asset in the longer term or you can barter my can of petrol for your eggs....).</p><p></p><p>And how many people buy a house on the spot...no, they get a loan in a fiat currency.</p><p></p><p>Newstart? What broke government has Newstart.?</p><p></p><p>There don't seem to be simple answers.....</p></blockquote><p></p>
[QUOTE="user 4386, post: 423541, member: 4386"] How does that work exactly? Obviously gold would be useless for the purpose considering the tiny amount in existence relative to everything else. And when the crash occurs and most people are broke, are they going to buy that house, car or jewellery asset that you have put your money into? If no one else has money to buy, their prices will crash. Their value, like a fiat currency, will be artificial in the short term, perhaps not so bad in the long term (obviously those with something physical at least have a potential asset in the longer term or you can barter my can of petrol for your eggs....). And how many people buy a house on the spot...no, they get a loan in a fiat currency. Newstart? What broke government has Newstart.? There don't seem to be simple answers..... [/QUOTE]
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A visualization of the worlds money & financial nightmares .
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