Author Topic: Something to ponder.  (Read 682 times)

Dark_Me

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Something to ponder.
« on: 2 November 2005, 16:32 »
The current system of economics was invented by Issac Newton. He based the value of everything against the price of gold which was constant. Nowdays we still use the same system. Except today the price of gold fluctuates, not by much, but it still does and Newtons system was based upon the price of gold remaining constant. The economy nowdays though more uses oil as it's "yard stick". Which, unless you have been living under a rock, you should know fluctuates a great deal more than gold (relative).
Interesting no?
I realize there is a lot more to the economy than I've written here but this is still very interesting.
Capitalism kicks ass.
-Skyman
If your a selfish, self-centred prick, who is willing to leave half the world in poverty, then yes.
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worker201

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Re: Something to ponder.
« Reply #1 on: 2 November 2005, 18:38 »
The concept of trading paper money for goods and services began in China, a long time ago.  Games played with these early dollars eventually led to the invention of mah-jong, dominoes, and playing cards.  In case you cared.

Aloone_Jonez

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Re: Something to ponder.
« Reply #2 on: 2 November 2005, 21:27 »
You mentioned gold, back then gold wasn't that essential, not compared with the way oil is nowadays but you can't burn gold the way we burn oil, what happens when we've burned all the oil?

Unless we can find an alternative we're fucked.
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H_TeXMeX_H

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Re: Something to ponder.
« Reply #3 on: 3 November 2005, 00:06 »
I say we should burn babies for fuel ... they are good fuel, especially with all that crap inside their intestines. They are almost explosive sometimes.

Pathos

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Re: Something to ponder.
« Reply #4 on: 3 November 2005, 10:03 »
Quote from: Dark_Me
Interesting no?

no

Quote from: Dark_Me
I realize there is a lot more to the economy than I've written here
yes.

Dark_Me

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Re: Something to ponder.
« Reply #5 on: 3 November 2005, 10:36 »
Quote from: Aloone_Jonez
You mentioned gold, back then gold wasn't that essential, not compared with the way oil is nowadays but you can't burn gold the way we burn oil, what happens when we've burned all the oil?

Unless we can find an alternative we're fucked.
With the way things are going where defanantly fucked. Coperations/those in power don't seem to realise that if we don't stop our current enviromental practices the planet will just become a wasteland.
The reason Newton chose gold was not because it was nesicsary, but because the price was constant.
Capitalism kicks ass.
-Skyman
If your a selfish, self-centred prick, who is willing to leave half the world in poverty, then yes.
-Kintaro

JanusChrist

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Re: Something to ponder.
« Reply #6 on: 3 November 2005, 10:54 »
Quote from: H_TeXMeX_H
I say we should burn babies for fuel ... they are good fuel, especially with all that crap inside their intestines. They are almost explosive sometimes.


+1
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