Quote:
Originally Posted by Wayne 962
So, this is a fundamental problem with nearly everything. In a nutshell, and after one thinks about it for awhile, nearly every asset is "fake". Money (fiat currency) is fake (only supported by the government behind it). Real estate also is technically fake (again, only supported by the government / courts / army behind it). Gold - it's a pretty worthless material in the grand scheme of things. It's shiny and pretty, but out in the wilderness or on the frontier in the old days - basically not useful for *anything*. Water is useful, but water rights are also fake (again, supported like real estate by the government, courts, and the "army" behind the government). Collectible cars? The value in them is limited to their usefulness as a mode of transportation - anything above that is a perceived value.
Once people start to think about this in the terms of what is real and what is not real, it either makes things way more confusing, or way more complicated.
Yes, Bitcoin is fake - it doesn't have any basis in anything. But so is nearly every other asset class. Now, some are more "fake" than others, and some have tremendous historical precedence for use as a currency / store of value (gold and silver).
I don't pretend to know where this is all going. All of this deficit spending could be very bad, it could be irrelevant. One thing I've learned over the years is that no one really knows, and even the smartest people generally have no clue in the end. Kind of like strapping yourself into a roller coaster seat - once that bar comes down you have no control of your destiny.
Fun discussion though...
-Wayne
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I believe in any collapse of the US Dollar or the governments of the wold the one true currency will be bullets. A hamburger my cost five 9MM rounds and everything will be priced as rounds of ammo.
All the silly post apocalypse movies have the bad guys shooting bullets like they were free. Of course they always all miss the hero.
I just wonder if the current ammo shortage is just so many people stocking up.
Bullets from WW2 are still 100% effective. It is just rather heavy and hard to move around, but they will always have value.