Generational Dynamics Forum - New Site

John wrote: Tue Mar 02, 2021 4:42 pm ** 02-Mar-2021 World View: Johnson & Johnson vaccine 'morally compromised'

So, Cool, is this why you don't like vaccines?

New Orleans Archdiocese warns Catholics to avoid ‘morally compromised’
Johnson & Johnson vaccine

https://www.washingtonpost.com/nation/2 ... n-vaccine/

DaKardii wrote: Tue Mar 02, 2021 7:30 pm Would it have been as bad as Biden? Who knows, but in my opinion it very well would have.

Guest wrote: Wed Mar 03, 2021 11:25 pm > The world is preparing for a post-America world. America will just
> be another Mexico in two or three years. Sure hope you speak
> Spanish.

John wrote: Wed Mar 03, 2021 11:31 pm ** 03-Mar-2021 World View: Español

Guest wrote: Wed Mar 03, 2021 11:25 pm > The world is preparing for a post-America world. America will just
> be another Mexico in two or three years. Sure hope you speak
> Spanish.

Si, yo hablo un poco de español. Solo un poco.

Use your common sense. The US dollar has been around for 250 years.
It's the world's reserve currency. There are probably hundreds of millions,
perhaps billions, of people who hold US dollars in some amount.

By contrast, bitcoin has been around for 15 years. There are probably
no more than a few thousand people who hold any bitcoin money. Your common
sense should tell you that the US dollar is much stronger than bitcoin.

You would point to blockchain as the difference. Well, if all it took
to make a crypto currency stronger than the US dollar was to use blockchain,
then all those hundreds of other crypto currencies would also be stronger
than the dollar. But they're not.

You really don't know what the "fiat currency" concept is all about.

The whole "fiat currency" concept has been obsolete for a century. It
meant something in the 1800s, when banks issued paper currency equal
to the value of the gold in their vaults. Someone who had, say, $35
in currency could walk into a bank and demand an ounce of gold in
exchange. If that was impossible, you would call it a "fiat"
currency.

But that's the wrong concept. The right concept is "exchangeability."
In the old days, I could take $35 and exchange it for an ounce of
gold, and I can't do that anymore. But so what? I can exchange it
for all kinds of other things (including gold).

If I have $1 million in dollars, and I want to convert them to pounds
sterling, I could go to any bank and make that conversion. Or, I
could use those $1 million in dollars to purchase a farm in Scotland,
a painting in Poland, a cargo ship in China, and so forth. In fact, I
could even use those dollars to buy gold.

You ask: "Does [dollar currency] have an underlying, "core" value?"

The answer is yes, it does. There are dollar-denominated assets
around the world -- real estate, bonds, stocks, works of art, ships,
trucks, etc., etc. -- totalling hundreds of trillions and probably
several quadrillions of dollars in value. The sum total of those
quadrillions of dollars in dollar-denominated assets represents the
"core value" of the dollar currency.

Bitcoin has nothing like that. If you have a $1 million in bitcoin,
then there's very little you can do with it. There is little
"exchangeability."

In practical terms, it means this: In the midst of a financial crisis,
almost anyone will accept US dollars to provide products or services.
By contrast, almost nobody will accept bitcoin.

This situation could change. If bitcoin survives, then there will be
more and more bitcoin-denominated assets each year, each decade, each
century. Maybe bitcoin will become the world's reserve currency.
Maybe, if you're still around 250 years from now, then you'll be able
to say, "Look! The bitcoin currency is now finally stronger than the
US dollar! I was right!!" And hopefully your computer overlords will.

Guest wrote: Wed Mar 03, 2021 11:25 pm The world is preparing for a post-America world. America will just be another Mexico in two or three years. Sure hope you speak Spanish.

Guest wrote: Thu Mar 04, 2021 1:30 am The Reichmark collapsed. Why not the US dollar, especially with the gargantuan debt load it is now carrying?

John wrote: Tue Mar 02, 2021 4:42 pm ** 02-Mar-2021 World View: Johnson & Johnson vaccine 'morally compromised'

So, Cool, is this why you don't like vaccines?

New Orleans Archdiocese warns Catholics to avoid ‘morally compromised’
Johnson & Johnson vaccine

https://www.washingtonpost.com/nation/2 ... n-vaccine/

Guest wrote: Wed Mar 03, 2021 11:25 pm The world is preparing for a post-America world. America will just be another Mexico in two or three years. Sure hope you speak Spanish.