When money ends, what then ?
- THX1138
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When money ends, what then ?
Surely the time will come to pass that quadrillion ton asteroids of gold, platinum or even pure carbon ( theres a thought how many karats would a hundred ton diamond be ? ) can and will be mined and possibly some even deflected into the oceans for later retrieval. If this were to happen in large enough quantities whereas precious metals and gemstones became as plentiful sand on the beach.........What then would a dollar be based on, or would be as the title of this topic suggests, the end of money.
I've come to the conclusion that when i said i wanted to be somebody when i grew up i probably should have been more specific
Re: When money ends, what then ?
Do you really think that money is based upon precious metals? The gold standard officially ended in the US in 1971, though it effectively ended long before that.
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alive to the gentle breeze of communication, and please stop being such a jerk. — Garrison Keillor
- Chris Peterson
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Re: When money ends, what then ?
What's a dollar based on now? It isn't gold or precious metals. There will always be things that people want, that can't be trivially made. There will always be value, and money is just a way of exchanging value.THX1138 wrote:Surely the time will come to pass that quadrillion ton asteroids of gold, platinum or even pure carbon ( theres a thought how many karats would a hundred ton diamond be ? ) can and will be mined and possibly some even deflected into the oceans for later retrieval. If this were to happen in large enough quantities whereas precious metals and gemstones became as plentiful sand on the beach.........What then would a dollar be based on, or would be as the title of this topic suggests, the end of money.
Chris
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Re: When money ends, what then ?
And gold mined in space will be multiple times as costly to both mine and transport back to Earth that it would likely increase the value/price of Gold
- geckzilla
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Re: When money ends, what then ?
Consulting the Book of Geckanomics, we'll never run out of money if we just keep printing it. Print more! And put Kim Kardashian's butt on it so people will keep using it.
Just call me "geck" because "zilla" is like a last name.
Re: When money ends, what then ?
Wow, talk about inflation.geckzilla wrote:... put Kim Kardashian's butt on it ...
Know the quiet place within your heart and touch the rainbow of possibility; be
alive to the gentle breeze of communication, and please stop being such a jerk. — Garrison Keillor
alive to the gentle breeze of communication, and please stop being such a jerk. — Garrison Keillor
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Re: When money ends, what then ?
An anaconda and a geckzilla walked into a bar?geckzilla wrote:Consulting the Book of Geckanomics, we'll never run out of money if we just keep printing it. Print more! And put Kim Kardashian's butt on it so people will keep using it.
![Laughing :lol2:](./images/smilies/asterisk_laugh.gif)
- neufer
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Kim Kardashian's butte?
bystander wrote:Wow, talk about inflation.geckzilla wrote:
Consulting the Book of Geckanomics, we'll never run out of money if we just keep printing it. Print more! And put Kim Kardashian's butt on it so people will keep using it.
http://www.amusingplanet.com/2012/04/10-famous-balancing-rocks-around-world.html wrote:
<<The Chiremba Balancing Rocks is located 13 km southeast of Harare in Epworth. Although strange balancing rocks are found all over Zimbabwe, this particular one became famous after being featured in Zimbabwean currency. The Balancing Rocks have been used as a metaphorical theme to explain the importance of development coupled with preserving the fragile environment of Zimbabwe.>>
Art Neuendorffer
Re: When money ends, what then ?
You can't eat gold. On balance, water, air and food are so much more valuable to us humans.
Ann
Ann
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- geckzilla
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Re: When money ends, what then ?
You sure can get a lot of important things done with gold, though! There are probably some rich people out there using gold as a nutritional supplement. Supposedly eating from a gold spoon makes one appreciate the texture of soup better, too. Ah, the placebo effect.
Just call me "geck" because "zilla" is like a last name.
- neufer
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Re: When money ends, what then ?
Ann wrote:
You can't eat gold. On balance, water, air and food are so much more valuable to us humans.
- Thar's more than just gold in them thar hills
https://en.wikipedia.org/wiki/Asteroid_mining wrote:
<<Asteroid mining is the exploitation of raw materials from asteroids and other minor planets, including near-Earth objects. The 1979 film Alien is about the crew of the Nostromo, a commercially operated spaceship on a return trip to Earth hauling 20 million tons of mineral ore mined from an asteroid. Minerals and volatiles could be mined from an asteroid or spent comet then used in space for in-situ utilization (e.g. construction materials and rocket propellant) or taken back to Earth. These include gold, iridium, silver, osmium, palladium, platinum, rhenium, rhodium, ruthenium and tungsten for transport back to Earth; and iron, cobalt, manganese, molybdenum, nickel, aluminium and titanium for construction, water, and oxygen to sustain astronauts, as well as hydrogen, ammonia, and oxygen for use as rocket propellant.>>
Art Neuendorffer
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Re: When money ends, what then ?
And even more poor people.geckzilla wrote:You sure can get a lot of important things done with gold, though! There are probably some rich people out there using gold as a nutritional supplement.
Chris
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Re: When money ends, what then ?
When money ends,
then we back to barter.
In the barter a thing measure
the value of another.
It is elemental money.
then we back to barter.
In the barter a thing measure
the value of another.
It is elemental money.