Money, no matter how much of it you have or believe you have is only as valuable as everyone believes it to be.
It’s a modern day religion.
As soon as enough people lose faith in it, money becomes absolutely worthless.
You could get to the point of saying you own all the money … but if no one believes the money had any value any more, all that money no longer matters.
Wealth exists because we all believe in this world wide system of money and finance. If enough people stop believing or investing in it, all that wealth instantly disappears.
Money, no matter how much of it you have or believe you have is only as valuable as everyone believes it to be.
It’s a modern day religion.
the thing that causes the dollar to have value is the fact that the US government demands that the people pay a certain amount of taxes in USdollars. if you can’t pay that, you go to jail.
so, the dollar is an extension of military power. they’re forcing you to do something, but instead of sending the military to your door directly and abducting you, they instead require that you either have a certain amount of dollars or they will send the military/police to your door. it’s a placeholder for military power.
Well that’s why the people who have all the “money” stamp their name on all the property instead of holding it as cash.
And any paper money has to have faith, even if its tied to gold you must have faith the government will actually keep their bargain. I personally would find it a blast to use gold and silver coins for everything just for the novelty of it. It wouldn’t be hard to do because very little costs less than a dollar anyway.
Money, no matter how much of it you have or believe you have is only as valuable as everyone believes it to be.
It’s a modern day religion.
As soon as enough people lose faith in it, money becomes absolutely worthless.
You could get to the point of saying you own all the money … but if no one believes the money had any value any more, all that money no longer matters.
Wealth exists because we all believe in this world wide system of money and finance. If enough people stop believing or investing in it, all that wealth instantly disappears.
the thing that causes the dollar to have value is the fact that the US government demands that the people pay a certain amount of taxes in USdollars. if you can’t pay that, you go to jail.
so, the dollar is an extension of military power. they’re forcing you to do something, but instead of sending the military to your door directly and abducting you, they instead require that you either have a certain amount of dollars or they will send the military/police to your door. it’s a placeholder for military power.
Well that’s why the people who have all the “money” stamp their name on all the property instead of holding it as cash.
And any paper money has to have faith, even if its tied to gold you must have faith the government will actually keep their bargain. I personally would find it a blast to use gold and silver coins for everything just for the novelty of it. It wouldn’t be hard to do because very little costs less than a dollar anyway.