For those who are going to jump in and talk about how right Ron Paul is:
Please email me so I can provide you with my mailing address. I will happily take your “fake money” off your hands.
Do you want the Zimbabwe or Iraq paper first?
In yet another "not-quite-end-of-the-world" novel by Stirling?, the central characters write checks and use all their paper money buying basic hand tools,seeds,etc. from a store as they are among the first to anticipate and flee the breakdown of urban life following the sudden complete and apparently permanent failure of all existing electrical devices.Of course the checks are worthless because the banks can't process any accounts so the store owner simply gets nothing in return for what becomes very valuable merchandise.
I'll keep my fiat money because it is the only kind the government issues.
“When you accept money in payment for your effort, you do so only on the conviction that you will exchange it for the product of the effort of others. It is not the moochers or the looters who give value to money. Not an ocean of tears nor all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper, which should have been gold, are a token of honor your claim upon the energy of the men who produce...
“Please email me so I can provide you with my mailing address. I will happily take your fake money off your hands.” - Artemis Webb
You apparently do not understand the term fiat, and having heard or read Ron Paul say and describe the word , term , and it’s realo world usage enough times to disparage the man, have absolutely no idea what he’s talking about.
Fiat BY DEFINITION HAS IMMEDIATE VALUE as an instrument of trade. With your new understanding, try to reconsider the loss of purchasing power over any N periods and the destructive consequences of ZIRP policy with massive liquidity injection on the savers and responsible citizens in society.
Get with the program....
“For those who are going to jump in and talk about how right Ron Paul is:
Please email me so I can provide you with my mailing address. I will happily take your fake money off your hands.”
LOL