Speaking of Ponzi schemes, what is it exactly you are going to sell for? Federal Reserve Notes you mistakenly refer to as dollars is my guess. But we haven't had dollars for a long time now.
The word by the way comes from Thaler, the valley in Europe where vast amounts of silver were mined and made into the silver coins that were world currency at the time of the nations founding. The coins featured an insignia, a pole with a long flag spiraling around it, that in stylized fashion looked something like this $.
Back then there was actual tangible value in the money. Over time claim checks were issued representing the value held on deposit. These claim checks were known as bank notes. A note is a loan. The claim checks circulated but people could redeem the notes for the actual metal held on deposit. The value always was in the metal. The notes never were anything more than paper. Like you leave your clothes at the dry cleaners, he gives you a claim check. Same as that.
Somehow over time people were duped into believing the paper is the value. To the point that today people feel perfectly correct in lecturing about markets and buyers and sellers and all without ever once being aware of the fundamental dishonesty that lies at the foundation of all they are talking about.
When you sell your component you are trading a thing of tangible value for something of zero intrinsic value. We just made 20 trillion more of them, without even the slightest effort. What do you suppose would happen to amplifiers and speakers if they could do that?
Right. You're not even close to what you should really be worried about.
The word by the way comes from Thaler, the valley in Europe where vast amounts of silver were mined and made into the silver coins that were world currency at the time of the nations founding. The coins featured an insignia, a pole with a long flag spiraling around it, that in stylized fashion looked something like this $.
Back then there was actual tangible value in the money. Over time claim checks were issued representing the value held on deposit. These claim checks were known as bank notes. A note is a loan. The claim checks circulated but people could redeem the notes for the actual metal held on deposit. The value always was in the metal. The notes never were anything more than paper. Like you leave your clothes at the dry cleaners, he gives you a claim check. Same as that.
Somehow over time people were duped into believing the paper is the value. To the point that today people feel perfectly correct in lecturing about markets and buyers and sellers and all without ever once being aware of the fundamental dishonesty that lies at the foundation of all they are talking about.
When you sell your component you are trading a thing of tangible value for something of zero intrinsic value. We just made 20 trillion more of them, without even the slightest effort. What do you suppose would happen to amplifiers and speakers if they could do that?
Right. You're not even close to what you should really be worried about.