@@cowscantfilm so they do and then keep giving them to the rich as loans why don't they give it to town and city councils to help their neighbouring communities.
Wonder who "rugby friend Chris" is and why is he not worried about "Marrrs Barrs" price going up? In some parts of Scotland, word of mouth is they deep fry them for breakfast, as an old tradition they have there ...
Money never was worth anything by itself. Also Gold has only the value we attribute to it, because for instance, we like shiny things. As an asset, Gold does not pay rent. It does not help with hunting deer, planting crops or building a home. All Gold has for it is that it does not rot, and it looks nice - which is as psychological as paper money's value. And it is scarce enough, that you don't need a wheelbarrow to carry enough around of it for your daily shopping. The value of money lies in the fact that you can pay off your debt with, and the courts recognize it and void your debt, if you hand over enough of the special paper sheets.
Fiat currency's value is backed by the full faith & credit of the issuer. That's what makes it different from cryptocurrency that has nothing behind it
![Twenty One Pilots - “The Line” (from Arcane Season 2) [Official Music Video]](http://i.ytimg.com/vi/E2Rj2gQAyPA/mqdefault.jpg)
This lady is talking complete sense! It's great to see somebody who understands the financial system! Great podcast 👌
Yeah, too be honoest she was a great host and seems to be a lovely person to be around
Was an honour to be the 100th like. Best interview style podcast on RUclips in my opinion 🫡
Why then do we pay tax? If its not worth anything or tied to anything of value. Why don't they just print more money.
They do just print more money, thats why we have inflation, the money printing that has gone on since covid is insane.
@@cowscantfilm so they do and then keep giving them to the rich as loans why don't they give it to town and city councils to help their neighbouring communities.
Wonder who "rugby friend Chris" is and why is he not worried about "Marrrs Barrs" price going up?
In some parts of Scotland, word of mouth is they deep fry them for breakfast, as an old tradition they have there ...
dont listen to them Joe...... that Scotish Widow joke made me laugh out loud, on the train.... i was ok with the wierd looks..........
Money never was worth anything by itself. Also Gold has only the value we attribute to it, because for instance, we like shiny things. As an asset, Gold does not pay rent. It does not help with hunting deer, planting crops or building a home. All Gold has for it is that it does not rot, and it looks nice - which is as psychological as paper money's value. And it is scarce enough, that you don't need a wheelbarrow to carry enough around of it for your daily shopping.
The value of money lies in the fact that you can pay off your debt with, and the courts recognize it and void your debt, if you hand over enough of the special paper sheets.
23:00
BBC Headline today -- Silicon Valley Bank: Regulators take over as failure raises fears
Fiat currency's value is backed by the full faith & credit of the issuer. That's what makes it different from cryptocurrency that has nothing behind it
Is what people that don't know anything about crypto say.
First! Im skint so yes, i have no value.
I THOUGHT THE SERIES WOULD BE FUNNY BUT ITS VERY SERIOUS NOT MY THING