A potential realistic alternative to fiat currency.

Discussion in 'Economics' started by KINGOFSHORTS, Dec 21, 2009.

  1. jprad

    jprad

    You're quite good at missing the point.

    Is that something you had to practice, or did it come naturally to you?
     
    #11     Dec 21, 2009
  2. We might have to end up doing the same at some point in the future.
     
    #12     Dec 21, 2009
  3. By one estimate, if Debeers put all the diamonds it owns today on the open market, they would sell for about 10 cents a pound
     
    #13     Dec 21, 2009
  4. risky63

    risky63

    I know quite a few fecal alchemists
     
    #14     Dec 21, 2009
  5. I knew a pretty good alchemist in college - but he put all his efforts toward a better LSD
     
    #15     Dec 21, 2009
  6. [​IMG]
     
    #16     Dec 21, 2009
  7. Not likely. You know what happens when they add or break off protons from elements, right?
     
    #17     Dec 21, 2009
  8. promagma

    promagma

    Yeah ..... good idea from the OP, but you would have to make stock valuations a little more honest. If you buy a share of the company, you are buying into the upside, but you should also be liable for a share of the company debt. When a company goes bankrupt, shareholders lose the investment + pay off debt.

    That would sober things up real quick.
     
    #18     Dec 21, 2009
  9. +1

    There will always be ups and downs. The only thing we can do is stay flexible and remain educated.
     
    #19     Dec 22, 2009