If wealth can just simply disappear than it is a false sence of wealth that never existed in the first place. True wealth just does not magically vanish into thin air.
Someone else has it now.
Someone else has it now.
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DislikedIf wealth can just simply disappear than it is a false sence of wealth that never existed in the first place. True wealth just does not magically vanish into thin air.
Someone else has it now.Ignored
DislikedNope!
Try again.
Instead of insults, refute the post that I have made.Ignored
DislikedThere is no person C or D. In that simple example, it was a two person economy that showed how decline in value of an asset can lead to loss of wealth/money.Ignored
DislikedIf wealth can just simply disappear than it is a false sence of wealth that never existed in the first place. True wealth just does not magically vanish into thin air.
Someone else has it now.Ignored
DislikedTwo person economies do not exist. Great lecture for the classroom I will admit though.Ignored
Disliked. Whether you invest in a physical asset or financial asset or hold paper money, it is quite possible that by the end of the day you will be worth less than what you started with.Ignored
DislikedTwo person economies do not exist. Great lecture for the classroom I will admit though.Ignored
DislikedVery true.
Conversely, another party will end the day with more than what they started as a direct result of that transaction.Ignored
Disliked
So to repeat, some people made money but a vastly bigger number of people lost money.Ignored
QuoteDislikedNet effect is the money lost in the economy.
DislikedMan, how wrong can you be?
If two entities agreed yesterday of say 1500 USD for an ounce of Gold, and today the fixing of the price of Gold is 1400 USD (some entities agreed on that price), so who profited from this drop now?Ignored
DislikedI do not disagree with that statement.
Overall I agree. One reason I do not is to those were the wealth has been transferred to will not put it to productive use of society as a whole but rather use it for mainly selfish and potentially destructive devices that harm society as a whole.
Paper money?
Does this not mean that all paper currency is ultimately worthless?Ignored