Archived posting to the Leica Users Group, 2012/10/15
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Originally cash -was- gold and its value was fixed. Whoever let the two deviate effectively gave up the original true function of money. Now it is just a gambling chit. FD >________________________________ > From: Robert Meier <robertmeier at usjet.net> >To: Leica Users Group <lug at leica-users.org> >Sent: Monday, 15 October 2012, 15:08 >Subject: Re: [Leica] D800E pixel-peepers > >That's why people convert cash to gold. > > >On Oct 15, 2012, at 2:55 AM, Frank Dernie <Frank.Dernie at btinternet.com> >wrote: > >> Here in the UK from 1972 to now the loss of value of the ? is at least >> 20x, for a house more like 30 to 40x. >> IMHO inflation is a big problem, little addressed by governments or >> banks, since it suits their business plan, but a catastrophe for the rest >> of us who have saved for retirement. >> Having a situation where currency is worth less and less is truly absurd >> since money was invented as an exchange token to offset bartering time >> differences. It is nowadays treated like a commodity worth having in >> itself, and manipulated by greedy ruthless b*stards. >> FD >> >> On 14 Oct, 2012, at 23:36, Howard Ritter <hlritter at bex.net> wrote: >> >>> Sorry, that should have been "conversion factor is close to _15 or 20_", >>> meaning the number of dollars required to buy a given German commodity >>> in 2012 that cost $1 in 1966. >>> >>> ?howard >> >> >> _______________________________________________ >> Leica Users Group. >> See http://leica-users.org/mailman/listinfo/lug for more information > > >_______________________________________________ >Leica Users Group. >See http://leica-users.org/mailman/listinfo/lug for more information > > >