Why does money have value?

Why does money have value?

Other urls found in this thread:

youtu.be/DyV0OfU3-FU
youtube.com/watch?v=4It8bMdqs0M
twitter.com/NSFWRedditGif

Because it represents other things (That are inherently valuable) like food, water, etc.

youtu.be/DyV0OfU3-FU

Because it is currency

Because it is power jackass. How old are you

Because we assigned it to it?

Because people believe it has value, and they only believe that because its the primary medium of exchange for peoples time and labour.

It doesn't but we all have a deal to accept money because buying a house with tons of salt is stupid

As specified, because it is accepted for use in trade.

Now, an important component of this is that the government should accept it for taxes as well. In our case, it does. But the real government is the Federal Reserve, and they would rather loan more of it than accept it back so they can get more interest while they're fucking up the economy and telling us everything is wonderful.

Because people are willing to work for it.

that is the only answer

Because it finitely values items and is more realistic in being of value because of society structured under a government that allows security from theft.
It is the bridge between physical products and services and provides the standard for value which would otherwise cause personal speculations on every deal made that is exploitable by foreign powers.

and because its fucking convenient.

>and because its fucking convenient.
This is an important point. Convenience has arguably more value than currency. Convenience in this sense is literally what they call economic slavery.

By arranging the system itself so that you want to use the even more convenient system of money, you enter into even greater slavery. You're going to want the mark of the beast to trade. It's going to be so much easier. It'll even be cool and fashionable. And, all the while, you'll never understand what it really is until it's too late.

Modern Monetary Theory, goyim.

It's because you'll work for it

because then everyone would sit on their asses and do nothing productive all day , we wouldnt have technological and scientific breakthroughs . it'd be like living in stone age. my only motive in life is getting rich

Because you can pay taxes with it

>By arranging the system itself so that you want to use the even more convenient system of money, you enter into even greater slavery. You're going to want the mark of the beast to trade. It's going to be so much easier. It'll even be cool and fashionable. And, all the while, you'll never understand what it really is until it's too late.
Tinfoil fag detected

Let us consider the 2007/2008 housing bubble. The idea there was to roll the burst dot-com bubble into something new, starting roughly in 2003.

Were the niggers at fault for taking stupid, ridiculous loans? Yes. But they did that because the jews at the top arranged the conditions to incentivise these behaviors and actively tried to sell it. In fact, they even paid their own goyim very well to sell bad loans to people who should never have taken them, and everybody from the ratings agencies to the regulatory agencies were on the take as well.

Learn from history, user. Tin foil is a useful product, but it's not going to be currency any time soon.

Do you think 1907 was done by Rothschild's and JP Morgan to create the fed?

You have to get a job.saving grandmas xmas card money for a bitcoin isnt going to work.

That's not when the Federal Reserve Act was passed, and I don't think we have an official list of who went to Jekyll Island to hammer it all out, but we have a pretty good idea who it was. Probably you really weren't a serious player in the banking cartel if you didn't have your people there.

>That's not when the Federal Reserve Act was passed
Yes, I know the exact date it was singed

I keep extra physical copies of that book to give out to interested souls. It took me a few years of my own research before I finally got a basically free copy of that to find out I already knew almost everything in there.

>tinfoil
whatever mate; we're on the same side it seems

Because our corrupt leaders say it is, after stealing anything of value centuries ago.

Now, in the case of Xanadu, as it used to be transliterated, we come to the interesting case of none other than the grandson, Kublai, of Ghengis Kahn. He cleverly navigated the political intrigue to put the empire back together and rule over sort of more or less what we'd call China.

And it seems he did in fact have a stately pleasure dome that he decreed, and it was even movable. Nice.

So eventually Kublai institutes fiat currency. Importantly, the government accepts this for payment in taxes, thus backstopping its value with the force and authority of the government. It's super effective: economic prosperity ensues, and it's much more efficient than hauling around gold.

Well, history repeats itself again. Power corrupts absolutely. Kublai, fat and happy in his pleasure dome, begins to decree that the printing presses be run on overdrive to paper over budgetary concerns. And it all ends in senseless and failed wars of conquest. Notable to my memory is the second time he tried to conquer Japan and about 100k soldiers mysteriously disappeared into the sea, in part due to shoddy equipment.

Does that remind you of anything or what?

no, it represents hours of slavery to system
and as long as you are an effective slave, youre in

Money has value because it is accepted and there isn't much to worry about. If we were in a war zone those pieces of paper lose their value pretty quickly. Currencies are a necessary trading point in an economy. For instance, cigarettes can turn into a currency thats why people gamble with them in jail or other equally shitty places. During ww2 I heard US soldiers were given smokes, chocolate and other things that could be traded with people.

I have been advised that in case of martial law it is to be expected that alcohol and weapons will no longer be available. Even non-alcoholics like to drink, and drinking gets especially popular during duress, so that would probably become good for trade.

British soldiers used to (and maybe still?) sew a sovereign into their clothing so that they'd have some gold to buy their way out of a bad situation. I recall the tale of a guy who got a ride out of a desert nowhere because what hellhole taxi driver wouldn't want about a lot less than 1/5oz of globally-recognized and accepted gold for that?

Pic is appropriate. The day you realise it cost money to take a shit, is the day you escape neetdom and become a man. I have no one to rely on. I pay for my food, pay rent for my house with a toilet, pay for the water, pay for the toilet paper, pay for the air freshener. Wake up you fucking losers. You DEPEND on others. You are a DEPENDENT. I am INDEPENDENT

If your talking about our american currency see
>Fiat Money
Otherwise coins have intrinsic value.

Because it is an agreed system to represent items to trade for goods or services. It only works because the country basically agreed to use it.

Toilet paper is said to become good currency as well when there is a shortage.

I can crap in the woods without it, but I guess long term I'd be bummed out if I had to dig a latrine without a shovel.

Because we all agree to it.

Because it represents value of Gold and Silver currency.
Gold and Silver are inherently valuable because the reptilians who have invaded our political systems under the guise of politicians melt down Gold and drink it. The silver only has value because it is the one ore that can be used to kill The Greys which are at war with the reptilians.

because the kikes say it does.

Close but not entirely correct. They're having a hard time determining how to mint coins these days that aren't worth less than the cost of producing them. Hence things like chit chat about ending the penny for convenience (profit).

You might be thinking about how congress still retains proper constitutional power over coining money while the Federal Jew Bank has control over its printed IOU notes.

Or perhaps older coins that really do have intrinsic value. Pre-66 90% silver coins are choice for that line of thinking.

Because jews said it was valuable.

because Sup Forums worships the JEW while claiming it doesn't.

And the food that makes the shit you pay for. Even if you hunt your food and shit in the woods, you've paid for it. Anyway you look at it, it cost money to take a shit. If you don't pay for your own shit, you're worthless

What if there was no money?

Because the guberment is willing to give you something for a properly printed piece of paper. Used to be gold but now its more assurance of something rather than an actual thing.

Shiny rock good.
Me want shiny rock.
Trade 3 wives for it.

There'd be shiny rocks and shells

There again, you're close, but you're not operating a Jewish level. Jews make laws that force its value. It says right here on my FRN serial number D03172516F "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE"

Trudat. Growing enough food to survive on is not simple, but even learning to grow some is a damn good start in this day and age. Some 90% of the people in the US knew how to farm during our Great Depression, and it still sucked hard for them, especially when a bad growing season came around.

Seven years of grain in the silo, as they say.

This guy gets it

because people agree it does

nothing would have value if people didnt agree it did

eg if I dont want gold your gold has no value when trading with me

lel we traded sea beads and stuff to the native americans when we found out they were dumb enough to value them.

meanwhile the Spanish were scooping out their gold like mad.

>Thinks there's a difference between shiny metal and shiny rocks

Ok u got me

The Spaniards got rich off of it and the Indians got genocided.

Guess what's deep in the vaults under the NY Fed or in the Vatican? Is it gold or sea shells?

Because the kikes have convinced everyone to play in their massive ponzi scheme

Try replacing the gold parts in your cellphone with rocks if you really think that.

In the olden days, money use to have value because there was something valuable backing it, like gold. You could literally take your money to a gold reserve and swap it for gold.

These days, the only thing backing money is trust. It has value because everyone trusts the government saying it has value. Literally that is it, it's valuable because the government says it is and everyone believes said government.

But what gives gold its value?

It clearly is not simply its functional value

That's a philosophically interesting question. Some say it's the cost of pulling it out of the ground and refining it, and its limited availability. This is similar to the basis of thought for the value of buttcoins.

But for practical purposes, the most powerful people and institutions in the world horde it and covet it. I think that's what makes it valuable on a macroscopic scale. On a microscopic scale, we can just look to what always happens every time. People on a mass scale are willing to revert to taking it in trade because they know they'll be able to turn around pawn it off to somebody else (literally pawn shops). It's rare and highly recognizable. If you broke into somebody's house and saw gold, would you take it?

Try replacing the diamonds on the tips of drills with gold. Value is relative

Plus it has many uses besides currency.

When currency is backed by precious metal reserves it does, if not it will collapse eventually.

Do you know if they use real diamonds for that or the kind that can be manufactured industrially? Diamonds, also, are given undue value via a monopoly. They're nice to look at, but only an artificial tax and supply shortage makes them expensive.

It takes a nuclear reaction to make more gold. I've even heard of potential schemes to process microbial sea life that happens to have an inherent chemical reaction that accumulates gold molecules. You know it's got to be valuable if people are putting that much effort into getting more of it.

I asked a rhetorical question

The true value that gold has in the minds of men lies in only one of its qualities: immortality.

Gold is immune to all the 'diseases' that can infect every other kind of metal, it is indestructible.

Really makes you think, huh

Because of Remy LaCroix's large ass.

Very true, but I remember when an Intel 80486 microprocessor was worth more than its weight in gold. I forget if the pins were gold plated or not on those, but gold is very often used in such situations. And, like other rare metals used for industrial purposes (e.g. silver, platinum, rhodium) it's not economical to recycle.

But among precious metals, gold remains the only real monetary metal. Even silver is in large part an industrial metal.

That's an interesting way of looking at it. It is remarkable for that property.

But then why not value iron? The progression of nuclear decay from both directions ends in stable iron if I remember right. And it's ferromagnetic, which most things aren't. What would the Earth be if not for its core and magnetosphere?

>1 post by this (((ID))))

sage

yall posting in a slide thread.

Attributes of diamonds: shiny, hard, rare
Attributes of gold: shiny, soft, rare
Attributes of my dick: shiny, hard, rare (as it can only be found on me)

Because despite the ubiquity and functionality of iron, it is an imminently corruptible metal.

Humans do not like being reminded of their own mortality.

Hence, the value of gold. This value as an example of permanence is valued at an intellectual level, like a marvel to be emulated.

Because it's convenient to have a currency backed by nothing than use the gold standard. That way you can print and digitally create infinite amounts of the currency. Simple as.

It's called a commodity currency. Gold (and precious metals) were used because they were rare, thus easy to control, don't perish thus never lose value and they're easy to break down into smaller sums.

You could just as easily trade 5 goats. But anyone can breed goats so everyone could become rich over night. Goats can also die of many causes so you could lose your entire wealth in a matter of moments. You also cannot trade a fraction of a goat, and you cannot assemble a full goat from several smaller fractions.

Lots of things have been used as currency over humans entire history, from stones to salt to spices to pelts and so on. But gold is ideal as a currency because it has the five characteristics that money needs, that is it is scarce, easily recognisable, it can be cut into smaller pieces (or merged into larger pieces), it can be substituted with other pieces of equal value and it is portable.
That is why gold use to be valuable in the olden days, these days it's valuable largely due to how useful it is in technology.

Yeah, but what am I going to do with your dick unless I'm running a male escort service or a porn shop or something, in which case you've been commoditized for your whole-package salability and not just your dick?

>Humans do not like being reminded of their own mortality.
They should be. Inevitable death is arguably the most important part of life. Seems to me to be the centerpiece for pretty much ever major belief structure worldwide.

But gold is easy to work and it looks cool and therefore its rarity for art means only the powerful can enjoy it and dictate how it is issued in a standard form for the peasantry to use for trade to keep things peaceful and orderly.

I agree with you on most of your points, especially your allusions to the value of scarcity in the civilizations leading into this one.

However, scarcity is but one attribute that gives gold it's value to humans.

Sure, the amount of gold that has been mined and purified on earth in historical memory only equals 7 olympic size swimming pools-full.

But the value that gold has to the human mind is based in its permanence.

It is an odd thing for humans to be obsessed with, or maybe not. Our death. Which comes to all humans, sooner or later.

In the end, the god, I mean gold will live on

>In the end, the god, I mean gold will live on
lel when you pass it down to your children it will remain unchanged
lel it also reflects light like the sun
lel the jews clip them just like they clip other things

To be honest you're the first human I've met to hold these views, and I doubt I'd meet many if any others if I had to use gold as currency some day.

Just to pull on the string a little bit, what do you think about alchemy? We could potentially be making gold with nuclear reactions these days. What do you think about nuclear reactions? As far as we know, we wouldn't even have gold if we didn't have things like the sun and nuclear reactions.

It represents value.

Ok, let me explain to you why a commodity money had value.

1. It was scarce. You cannot just find gold, you need to mine and process it. This takes much time and effort, more than any one person can do.
Additionally, gold had no functional use. Iron was used for tools, gold wasn't.

2. Everyone can recognise it. Gold is a shiny yellow metal, it's easy to recognise and everyone knows what it looks like and knows they are looking at gold when they see it.

3. It is divisible. You can take one large chunk of gold, and split it into 100 smaller pieces without decreasing it's value.

4. It's interchangeable. I can take those 100 pieces of small gold and melt them into one big piece. Not only that but I can trade 10 of my small pieces for 10 of your small pieces and still make them into one big piece.

5. It is portable. I can make gold into coins and put them into my pockets to easily carry around.

These things made gold the ideal form of currency, which is why it was considered so valuable. There is nothing philosophical or spiritual about it, gold was just the most practical thing to use as a currency.

Money only has value because people have confidence in it

Money is debt, simple as that. You can think of government-issued bills as zero interest bearer bonds, i.e. government's debt to whoever holds the banknote. Basically, Americans need dollars because you need them to pay taxes and other fees to the government (as opposed to say, Bitcoins or Beanie Babies) so they accept them as payment for goods and services.

>Money is debt
Only when it's backed by somebody else's debt. That's highly similar in name to one of my favorite documentaries, "money as debt"
youtube.com/watch?v=4It8bMdqs0M

I paid for a physical copy of that documentary, so I give it to you for free without remorse.

If you really want to go down the rabbit hole about debt instruments, I suggest getting into rehypothecation as allowed under the Uniform Commercial Code.