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14,791 Views • Mar 20, 2024 • Click to toggle off description
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GoldSilver is one of the most trusted names in precious metals. Since 2005, we’ve provided investors with both education and world-class bullion dealer services.
We offer a wide selection of bullion products, private vault storage, global shipping, and easy payment choices.
Buy Precious Metals at: www.goldsilver.com/
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Views : 14,791
Genre: Education
Uploaded At Mar 20, 2024 ^^
warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
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71.28% of the users lieked the video!!
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User score: 56.92- Mixed
RYD date created : 2024-03-31T23:06:03.909125Z
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YouTube Comments - 119 Comments
Top Comments of this video!! :3
Are your index cards backed by the Worlds Military?
30 |
In Venezuela the toilet paper is currently worth more since it doesn't clog up the toilets when you wipe with it
26 |
"If I need to wipe my @$$...." Oh boy I wasn't EVER expecting a GS/MM video to go there, but that was truly a PERFECT illustration! 😂 Extremely well done, Alan
3 |
In Venezuela a roll of toilet paper goes for 2,600,000 bolivars ($0.40 US). Back in early 2000's the bolivar was roughly on par with the USD but look at the difference now. What Alan is teaching here is when all the brainwashed faith and confidence in our currency is lost all we really have is poor quality toilet paper and that's why in Venezuela actual toilet paper is worth so much more than piles of cash. Even worse if all your holding is electronic digits in your bank account. No one in Venezuela thought such a thing would actually happen in relatively a few short years , yet it did. The East has the right idea, they throw paper/digital currencies over the fence and the West throws solid pure gold 😂
2 |
If I have 10 pounds of gold and no one around me wants pretty soft metal, its worth nothing. Gold is only worth anything because we believe it is worth something too. Same rules apply.
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Reductive logic here. Nothing technically has intrinsic value - not even Gold (even though it's a rare metal). Value is derived by two people agreeing that item A can be exchanged for X amount time and said item can purchase Y amount of goods or services in return.
8 |
Let's try that at a bank or a grocery store. Then tell me how far you get?
10 |
4 years ago the beginning of the pandemic. Toilet paper was gold.
2 |
Here's another analogy, you invite 10 people but unexpectedly they all bring a plus one but you only have enough cordial for 10. You decide to add more water and now you have enough drinks for everyone but you've lost half the quality. There is an infinite amount of water you can add to that original batch of cordial until you no longer recognise what it once was. That is how inflation works on fiat currency until the value in the dollar is no longer recognisable (worst case scenario). We live in a time of great uncertainties, govts gone wild, don't let your hard earned savings attained with your laboured sweat and sacrifice be at risk at the whims of a politician who's willing to pour the entire ocean into diluting those precious moments of your life you sacrificed to attain those dollars. That's what they are really stealing those precious moments of our lives we were at work rather than our loved ones.
1 |
The "piece of paper" comes with a bunch of printing secrets that ensure it can't be effectively duplicated...
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This only looks at the cost of production, and not subjective value and demand. Index cards have more uses than toilet paper, and the potential to produce something even more valuable than what you started with increases demand, the more people want index cards the more their value increases. The same is true for money, and the same is true for gold and metals. They don't have "more" value just because they're harder to produce. And if demand for them falls so does the value. The point of currency isn't to be some rare metal that we pretend is inherently valuable, it's to facilitate economic transactions, but it's really based on credit and economic strength, not production costs. So this analogy really falls apart when you pick at it, surely there are better arguments against fiat currency than some simplified fake-osophy
12 |
Money is a modified barter system backed by the country it was issued in. There are no penalties for defacing or altering index cards or toilet paper.
Modified barter means that instead of trading your goods for other goods, you trade your goods for the state-sanctioned value that is agreed upon.
Electronic transactions like debit cards are merely a further refinement.
Money works because of the trust. When trust is eroded, you get eventual collapse of the monetary system like you see in some countries, including the Confederacy, or Venezuela.
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Alan...that $100 is worth a roll of TP🤣
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These are markers that can be exchanged for wealth. All wealth is tangible. That which is not tangible is not wealth. All human activity is in the pursuit or maintenance of tangible wealth.
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As nickels are the most valuable per dollar physical denomination you can convert them into, the dollar is therefore Nickelback.
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Plot twist did you know that money is not paper? It’s a type of cloth
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I tried to pay my bills with a piece of toilet paper that had $1000 wrote on it but they laughed at me. No clue why
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People don't get that anything can act as money as long as the Collective will accept it. You don't have to use FRNs. Private people use contracts. Tell congress to reappoint the Treasury to print U.S currency again.
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Your incorrect statement was what it is useful for. Everyone understands that the greater denomination is useful when purchasing index cards and toilet paper.
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@timboyle3702
5 months ago
I have a roll of toilet paper. I'll trade you for a roll of $100 bills.
103 |