No, the fed prints money and decides the values through interest rates. - zero to do with value. For value to be found, you cannot have fiat money controlled by a central bank, who prints the money, and also deciding interest rates.
definition of money - means of exchange paymenyt and store of value - currency and money are not the same.
if someone decides interest rates and prints money- they alter the valaue of the unit - therefor by definition,not making it money- just currency.
the value of the dollar since 1913 has dropped 98% ish - making it not money ( still legal tender) but manipulated currency...
you can trade your dreams with my unicorns if you like - it doesn't make it real.
There has been no reality in US markets since Jekyll island ( and before).
Debt based monetary systems have to implode. It math.
... they last 40-70 year cycles - this one has lasted longer than normal..(due to changing the petro dollar as backing the US dollar, and leaving the gold standard in early seventies)
I wasn't being condescending, btw - I can give you pointers if you don't know - lots of stuff on you tube to explain it.
I was assuming you knew about this stuff - soz.
Okay, cool. I have got zero degree's....
(... but a masters from the school of hard knocks... boom! boom!)
...so, if by market - you mean free market- (there really isn't any other type - or it's not a true market).
then value of anything (true price mechanism), can never be employed.
Not If there is a centrally controlled authority issuing the money and that authority is deciding the value of it. (interest rates).
...And that's before we get into fractional reserve banking with interest! lol
I know of 2 bankers who I had to explain what money was - and wasn't.
One of them had a degree in economics! Once you got past Keynesian economic theory, he was lost.
Seriously.
Dollars are no different.
the Fed is similar.
econ 101
No, the fed prints money and decides the values through interest rates. - zero to do with value. For value to be found, you cannot have fiat money controlled by a central bank, who prints the money, and also deciding interest rates.
econ 101
Isn't the USD traded on the international financial markets?
(real life)
....is this a serious conversation?
definition of money - means of exchange paymenyt and store of value - currency and money are not the same.
if someone decides interest rates and prints money- they alter the valaue of the unit - therefor by definition,not making it money- just currency.
the value of the dollar since 1913 has dropped 98% ish - making it not money ( still legal tender) but manipulated currency...
you can trade your dreams with my unicorns if you like - it doesn't make it real.
There has been no reality in US markets since Jekyll island ( and before).
Debt based monetary systems have to implode. It math.
... they last 40-70 year cycles - this one has lasted longer than normal..(due to changing the petro dollar as backing the US dollar, and leaving the gold standard in early seventies)
I wasn't being condescending, btw - I can give you pointers if you don't know - lots of stuff on you tube to explain it.
I was assuming you knew about this stuff - soz.
Happy to go through it all..in 10 hours or so...
not to be condescending.
but I have two business degrees.
YouTube does not impress me.
Okay, cool. I have got zero degree's....
(... but a masters from the school of hard knocks... boom! boom!)
...so, if by market - you mean free market- (there really isn't any other type - or it's not a true market).
then value of anything (true price mechanism), can never be employed.
Not If there is a centrally controlled authority issuing the money and that authority is deciding the value of it. (interest rates).
...And that's before we get into fractional reserve banking with interest! lol
I know of 2 bankers who I had to explain what money was - and wasn't.
One of them had a degree in economics! Once you got past Keynesian economic theory, he was lost.
Seriously.
I went to the hard university of hard knocks too.
graduated sigma come loudly.
Steemit seems to be acting up.
Half my replies won't fly.
I'm gonna go take a nap.
talk to you later.
if you differentiate between money and currency (most people don't) then I concede your point.