Whoa. People born around this time will (hopefully) live to the year 2100.
mind be blown.
Whoa. People born around this time will (hopefully) live to the year 2100.
mind be blown.
I’m old and trying to keep up with the times, remind me; what is the difference between transsexual and transgender? It seems like the word, transsexual, I haven’t heard in a longass time.
Look no further than wikipedia to provide that information haha https://en.wikipedia.org/wiki/List_of_Wikipedia_pages_banned_in_Russia
Imagine being a CEO of a company and 5000 employees all show up wearing the same sweater. The odds are not in your favor, Chiefs.
you and everyone else to know
Coming in hot, I see.
gold Standard was holding down inflation
The gold standard was one of the causes of the Great Depression due to deflation. Deflation is terrible for economies and much, much harder to control. Be happy that you can keep your gold, FDR made everyone turn in all their gold (you could keep $100 worth) punishable by $10,000 or 10 years of prison. https://en.wikipedia.org/wiki/Executive_Order_6102 But guess what happened? Now that the Fed had more gold, they could issue, I mean, printbrrrrr more notes…which allowed more loans to be made, which allowed more industry to happen, etc, etc.
massive wealth disparities we see now are because of the US dollar
Inflation adjusted, Carnegie was worth $300 billion and we were on the gold standard then. What stopped the Rockefellers and Carnegies for a while? Regulation. What is allowing them to come back? Deregulation. Oh and taxes on the wealthy. Ask yourself what Musk had to lose if Trump didn’t win?
standard of any kind the quicker things go back to normal.
Wampum? Think about what you said there standard of any kind. We all have to agree something is valuable, for it to hold value. Wampum was beautiful purple shells used as currency. Gold’s elemental properties (electrical conductivity, non-reactive, etc) were not known, it simply looked shiny. There’s honestly no good answer here, even bitcoin. For example, I still can’t buy a coffee with a bitcoin, it must be converted to something else first. What if I’m somewhere without an internet connection? Cash is king.
Property is the only thing in true demand
I can agree with you here. Property “value” has surged twice recently, Chinese investors in early to mid 2010s (I forget why, I’d have to look that one up again. Something about their construction boom had crashed, too much supply on their market, so they turned to the US to invest. Anyway, there was a $750,000 house near me that stayed vacant for 3 years before it was sold for $1.25 million. I looked up the owners on the county government site) and Covid really hurt commercial real estate so they turned to residential/land.
/edit formatting
WaPo is what I know it as.
/edit and unsubbed a couple months ago.