Level 204 Comments: Comedic Genius
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|Date Signed Up:||7/27/2012|
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Level 204 Comments: Comedic Genius → Level 205 Comments: Comedic Genius
|Times Content Favorited:||69 times|
|Total Comments Made:||238|
latest user's comments
|#9 - Tried to find that picture on google images once. Searching &q… [+] (3 new replies)||06/19/2013 on Wait a minute..that's not...||+135|
|#23 - As an Englishman, I honestly believe the Euro is better. It's … [+] (15 new replies)||06/09/2013 on Racism||-1|
#58 - tealcanaan (06/09/2013) [-]
The reason Britain kept the pound is because they wanted continual control over local interest rates unlike all the other European nation who gave up buying power for stability. England wanted to keep some semblance of economic nationalism, not relying on other shit-for-brains nations to not screwing up.
#37 - dogwars (06/09/2013) [-]
The pound is stronger, can't argue against that. It's already a "better" currency, though there are some political reasons as to why we can't convert anyways. England doesn't want to convert because not only would it be difficult to change all of the currency over, but there's an extremely large portion of the population that has a strong sense of nationalistic pride. If we suddenly gave up the pound, we'd have to give up our heritage homes and update all of our buildings to glass and steel monstrosities in a lot of people's eyes and no one wants to do that. If we ever did convert it would have to be after people adjusted to all of the Pakkies and Pollacks and other foreigners. No one wants to do that.
#55 - tealcanaan (06/09/2013) [-]
Do you even know how money works? Did you not take a basic Eco. class?
Value is based on availability, so basically supply and demand, the reason any money become worth less is when there is more available for more people.
The reason Britain kept the pound is because they wanted continual control over local interest rates unlike all the other European nation who gave up buying power for stability..
#60 - silasP (06/09/2013) [-]
I am aware. My point is that with nothing behind it, what's to stop the US Mint or a foreign equivalent from printing it indiscriminately? Absolutely nothing, apparently, and the problem manifests in the form of value being based on conjecture and what our respective governments decide for us. I realize that the state of the market has a direct impact on what a dollar, euro, pound, rupee, or gil is worth. My question is how did we get so steeped in this system of imaginary worth?
#76 - silasP (06/10/2013) [-]
Be that as it may, the system doesn't work. We're all playing pretend. Not that I have a better idea, mind you. I'm just sayin' baseless currency is doomed to fail, since there's nothing stopping the powers that be from making more and more. Soon, we'll be able to leave a wheelbarrow full of money at the street -- and people will dump the cash and take the wheelbarrow.
#77 - tealcanaan (06/10/2013) [-]
The mechanism that controls inflation is called the FED in the U.S., they do this through the sale and buying up of bonds to again, control inflation and the growth rate of our economy. Also the gold standard is far to archaic and tedious to be viable with the current population and the amount and speed of modern trading.
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|#7 - "Hey, do you know what a comma is?" "N… [+] (2 new replies)||06/01/2013 on A day in the bible belt||+1|
#10 - anon (06/02/2013) [-]
you used a comma thrice in that comment
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