CII’s Sheerani has another bright idea, wants re-circulation of gold and silver coins as currency

[livingdead]

well, economics really is a waste of time anyway.

we should really be talking of abolishing of the money system.

i have a text about this, i will modify it slightly and post it soon.



yeah, so many things we could do if we didn't have to spend time earning survival money.

do you understand the current money system? can you explain how it works to noobs like me?

 

[somebozo]

Gold and Silver alone is not enough to back todays economy so paper currency is used as a certificate of hard assest...Shirani being an economic illiterate is unable to present his idea more clearly..which an economic expert would call multi assest backing of currency rather than the forex basket alone...

What is currency anyways?? Currency is a form of trust in the government and value of work and assets nation holds..gold and silver are also a form of assets but not the only form..paper money in its pure form is just a perception of wealth..gold and silver are expensive because we perceive them as expensive due to their rare nature..do mind that gold is found rare but in pure form where as silver is plenty but needs complex refining..if a miracle happens tomorrow and thousands of tons of gold is dumped on earth surface from a meteorite..the sudden supply of gold..will have a collapsing effect on gold prices..

 

[django]

if i understand your punjabi correctly, in reply, mine was a non-usual late dinner, and nothing special - two rotis with a 'baingan ka bharta' type thing and three rotis with milk and sugar... now relaxing with a mug ( not cup but mug ) of masala chai.

well, seven o'clock is early for dinner for me so eight or nine is good.



the pictures indeed look yummy yummy but there seem to be two types - peshawari and balochi... yours??

---

by the way, i will make the pending reply tomorrow... tired after that long post.

Pesahawri, do not know the balochi type, but over here go to any bazaar, their will be an afghani place which will serve it, very simple recipe, lamb chunks without too much fat removed, salt, some thick green chillies, a couple of tomatoes, and optional teaspoon of black pepper, very simple recipe yet fantastic taste.kudos

 

[jamahir]

do you understand the current money system? can you explain how it works to noobs like me?

i will take it that your question is genuine and you are not being sarcastic and uncooperative like you do in most posts or threads i make about socialism or gaddafi... actually you would have found some start information if you had read my long post and followed the articles.

i don't bother to know the current money system in all its technicalities because what is there to understand about the current money system?? why should we need to understand all of economics?? if the global money system can be understood at macro-level it can be affected, like gaddafi was doing, as there are only a few failure points, and once affected that's purpose served... though while gadadfi affected the global money system at political level someone else can do it using technology ( i mean things along the 'open source' and 3d printing computing/manufacture/medicine line as appropriate or someone like elon musk )... better yet i will simply call and work towards abolishing the money system... as simple as that.

nevertheless :

at the top a general understanding that the usa dollar is the official exchange means for most of the world's trade exchanges and aid exchanges... when saddam hussain decided just before 2003 that iraq would no longer deal in dollars with the west but in euros the usa governments and its lap-dog, blair of the british government, decided that saddam must go... there was geo-political advantage as well... gaddafi turned out to be even more bigger danger to not only the usa dollar but to the entire western establishment capitalist system.

main stock markets that use computer network to make super-fast speculative bids about useless/harmful things like cell phone companies and "health and wellness" companies and it/services companies and private/interest-taking banks, or misused things like construction companies and mining companies and pharma companies, or deceitful things like media companies that propagate nato disinfo and propaganda, needless manufacturer things like cell phone factories, microprocessor factories, solar cell factories, plastic casing factories etc, and other categories i don't remember now, and these bids being connected to no real physical value but only to greed, just fractional numbers i never cared to understand because they are useless.

long-established western military industrial complex that manufactures wars and destabilization and prevents solutions so that its hereditary bosses could be kept billionaires despite this industry being a psychopathic one.

useless/harmful consumer items being manufactured in china, japan, south korea ( not the best korea ) and the consumers being blindly pushed with nonsense items like cell phone, vid game machines, 97 inch tv cars etc... life went on before the era of cell phone and no person has actually benefited from having cell phone, plus how is one cell phone brand different from another?? what about violent and political correct vid games legitimizing psychopathy, transgenderism, war-mongering, male homosexuality, androgynous females etc??

useless/harmful it/services industry in india which really exists because some actually needless project in the west has to be done because of some western government rule or corporate greed but no one wants to do in the west so it gets shunted to india where paise ke liye kuch bhi karega... the neo-rich middle class that is created by the sequence of engineering/mba colleges and the wage-slavery employment ( jobs ) creates a mob-driven compulsive need not for useful infrastructure ( like shopping malls and parks and public transport ) but mostly for harmful infrastructure like flyovers, softdrink plants, offices, gated communities, car showrooms, hotels for dogs, needless roads, technology parks etc... the things that can be individually provided are facilitated by private/"nationalized" banks that provide loans on interest-basis mostly on grounds of someone being in a wage-slavery employment... all this generates need for infrastructural raw material like cement, steel, electrical goods etc that must either be sourced in india or generally from the 'factory of the world' china.

both china and india are going nowhere in actual development of harmonious human experience but they certainly keep circulating the capitalist cycle where ultimately the benefit goes to the usa government and its preferred political system because it is the usa dollar and the usa establishment's cultural, economic and political imposition that is being promoted.

india and china have the largest middle-classes ( and callous middle-classes ) in the world and hence the largest number of consumers of useless/harmful items and all of this goes to benefit the new york stock exchange and the bosses of the american/western companies listed there.

countries apart from india and china mostly don't matter in generation of benefit to those listed above.

just scratches of how the system turns.

okay, exercise for you : why couldn't siddharth mallya, despite his british college degree in business management, save kingfisher airlines??

 

[jamal18]

Gold and Silver alone is not enough to back todays economy so paper currency is used as a certificate of hard assest...Shirani being an economic illiterate is unable to present his idea more clearly..which an economic expert would call multi assest backing of currency rather than the forex basket alone...

What is currency anyways?? Currency is a form of trust in the government and value of work and assets nation holds..gold and silver are also a form of assets but not the only form..paper money in its pure form is just a perception of wealth..gold and silver are expensive because we perceive them as expensive due to their rare nature..do mind that gold is found rare but in pure form where as silver is plenty but needs complex refining..if a miracle happens tomorrow and thousands of tons of gold is dumped on earth surface from a meteorite..the sudden supply of gold..will have a collapsing effect on gold prices..

Far from being an illiterate, the man has more sense then many others.

Paper money is an illusion, there is no reality behind it. Gold and silver are hard assets, a major affect is to stop governments printing their way out of problems. Historically, gold and silver has virtually always been used.

Remember, we don't have to run around with gold coins, paper currecy, if it is backed by gold can be used.

A lot of you on this forum have a built in hatred of anything to do with Islam. OK, ignore him. There are many white politicians who are saying the same thing. Google Ron Paul, US presidential candidate.

 

[somebozo]

Paper money is an illusion, there is no reality behind it. Gold and silver are hard assets, a major affect is to stop governments printing their way out of problems. Historically, gold and silver has virtually always been used.

And eventually caused bloody global wars because you cannot have gold and silver grow at the same rate of population..beside there was a time when only thing valuable humans could produce was gold and silver..today there are many precious metals and rare earth metals having value more than gold and silver..

Beside gold is a net negative assets..it cost money to secure and store the gold..but it does not appreciate in value...so a KG of gold is KG of gold..but you spend money on its security and storage every day...

 

[Musafir117]

1000 kg amrood ki aik bike

But what if not need amroods
Btw if gold or silver coins system ever implement which bag you like to carry

 

[Moon]

Pyramid investment schemes are usually also independent from governments, but when they collapse there is poltical upheaval nonetheless.

I have negligible knowledge about Economics, but investing and minting money are two many different things. Plus the size of the Pyramid Schemes would determine if they are even noticed by the government.

 

[Zibago]

But what if not need amroods
Btw if gold or silver coins system ever implement which bag you like to carry
View attachment 302593View attachment 302594

But what if not need amroods
Btw if gold or silver coins system ever implement which bag you like to carry
View attachment 302593View attachment 302594

dosrey bag mein maal ziyada hey

 

[Musafir117]

dosrey bag mein maal ziyada hey

Phir ye bhi chahiye hoga

 

[Mentee]

if i understand your punjabi correctly, in reply, mine was a non-usual late dinner, and nothing special - two rotis with a 'baingan ka bharta' type thing and three rotis with milk and sugar... now relaxing with a mug ( not cup but mug ) of masala chai.

well, seven o'clock is early for dinner for me so eight or nine is good.



the pictures indeed look yummy yummy but there seem to be two types - peshawari and balochi... yours??

---

by the way, i will make the pending reply tomorrow... tired after that long post.

Is it for real you first had 2 rotis then 3 more with milk then this masala mug . Are you possessed? i mean jinaat vgyara to nae chimar (chimat) gy AP ko

But what if not need amroods
Btw if gold or silver coins system ever implement which bag you like to carry
View attachment 302593View attachment 302594

SUBHAAN ALLAH

 

[Zibago]

Phir ye bhi chahiye hogaView attachment 302609

Raiwand mehal ka teh khana

 

[Indrajith]

As per my understanding 1 sovereign of Gold around 25,000/- INR or PR , so what will be the least gold or silver coin , then why dont we go back to batter system , do world have enough precious metals to circulate

What is value of Precious metals when they are in abundance , more supply less demand

We may opt for paper jewels

One way it is good ,,, it can stop cutting lot of trees

 

[jamahir]

Is it for real you first had 2 rotis then 3 more with milk then this masala mug . Are you possessed? i mean jinaat vgyara to nae chimar (chimat) gy AP ko

heh heh.

no, just that i do those push-ups before every meal, as with this one, so there was no trouble about five rotis and the milk and the bharta thing and the relaxing masala mug.

As per my understanding 1 sovereign of Gold around 25,000/- INR or PR , so what will be the least gold or silver coin , then why dont we go back to batter system , do world have enough precious metals to circulate

What is value of Precious metals when they are in abundance , more supply less demand

We may opt for paper jewels

One way it is good ,,, it can stop cutting lot of trees

i don't know about this mullah's plan of using gold but gaddafi's 'gold dinar' proposed currency ( described in my long post on page 3 ) was a gold backed currency that wouldn't itself have been gold coins or gold biscuits but some other form - perhaps paper or plastic or electronic.

but as you asked, why can't be go back to barter system... yes, it would indeed be a good way for removing a lot of mining and tree cutting, but there is the complication of setting values of exchange goods because : (a) the barter system also must use some form of currency ( the barter value ), (b). since one is not talking of bartering within singular villages or towns but of countries and the world, how will you set the barter values??

best and simplest is abolishment of the money system... this is a logical step in any human progression... the ussr had this idea once and perhaps this was the reason that ussr was destabilized.

and @Levina , who is this dp chor who is using your mickey mouse??

 

[Mentee]

heh heh.

no, just that i do those push-ups before every meal, as with this one, so there was no trouble about five rotis and the milk and the bharta thing and the relaxing masala mug.

Butt alert! mods armstrong has hacked jamahir's account

@Indrajith plz change your avatar