Quote:
Originally Posted by aka123
Answer is: no I don't believe it. If holders of any currency really hope the increase of the currency's buing power in relation to commodities (not against other currents as that is another issue), they are fools, complete idiots. They are idiots as deflation is not good thing and they are idiots as inflation is what will most likely happen, especially as it is sought after.
However if you mean some less serious hope, like hoping that goldpot would fall from the sky; that is another issue.
Do you believe that all currency holders are idiots?
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Currency facilitates civilization, where individuals can specialize, and get beyond subsistence farming. I'm kind of a fan of civilization.
How do you figure inflation is sought after?
The leaders of all nations work very hard to bolster the strength of their currencies. I don't believe that all world leaders are idiots.
Savvy investors can create great wealth via currency speculation. This can cause economic disaster, as it did with the Thai Baht.
Do you think Baht are not real because of the extreme volatile speculation?