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What is money?

by rockerjaw
32 replies
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Hi Warriors. A friendly question from @rockerjaw

My question is what is money? Money means different things to different people. Im interested to hear opinions on what is money? Is it a commodity to be traded? or an idea to measure growth? or the famous equivalent of time, or all of the above?

Why I'm asking is to gain some good ideas for pitching a sales proposal and good food for thought.

Feel free to tear the question apart.

As always leave a comment. As I'd like to discuss your views.
I'm looking forward to your responses.
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  • Profile picture of the author OptedIn
    Originally Posted by rockerjaw View Post

    My question is what is money?.
    PayPal me some and I'll be happy to explain the concept to you.

    Cheers.
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    "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

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    • Profile picture of the author rockerjaw
      Originally Posted by OptedIn View Post

      PayPal me some and I'll be happy to explain the concept to you.

      Cheers.
      Isn't that asking for heat before chopping the wood?
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  • Profile picture of the author Odahh
    well first .. understand whas has been considered money before what we call money now ..currently the USA and most of the world have fiat systems .. the value of which is determined by the amount of a specific currency and the strength of that governments economy compared to every other currency on the planet .. and people willingness to accept certain amounts of it for good service wages and taxes ..

    If one government prints to much "money/currency" to fast you need to have more of it to buy the same stuff.. if that continues .. depending on the penalties ..people will shift to using a different currency or to gold because gold is in limited supply ....look at what is going on in Venezuela , Zimbabwe , russia has had it happen a few times and other countries .. and currencies are not designed to be saved .. as if people save to many and to little money s deemed to be in the system more money gets printed to reduce the value reduce the value of the current money until people spend or invest the savings .

    money used to be backed by a comodity .. like gold .. which is valuable based on the amount of gold the government has ..so a company with a gold backing supposedly should only print the amount of money equal to gold.. but last time gold back the US bank note.. US citizens and to prevent rising wages and probable shortage of money .. THere where very high income taxes up to 90 percent or more on top earners .. and sense it was illegal for US citizen to own gold..the richest American citizen where not able to save enough money and walk in to get gold for their money ..

    ok .. so money is created by government to get the majority of people to work to earn..so they can pay taxes then buy things with what is left
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    • Profile picture of the author rockerjaw
      Originally Posted by Odahh View Post

      well first .. understand whas has been considered money before what we call money now ..currently the USA and most of the world have fiat systems .. the value of which is determined by the amount of a specific currency and the strength of that governments economy compared to every other currency on the planet .. and people willingness to accept certain amounts of it for good service wages and taxes ..

      If one government prints to much "money/currency" to fast you need to have more of it to buy the same stuff.. if that continues .. depending on the penalties ..people will shift to using a different currency or to gold because gold is in limited supply ....look at what is going on in Venezuela , Zimbabwe , russia has had it happen a few times and other countries .. and currencies are not designed to be saved .. as if people save to many and to little money s deemed to be in the system more money gets printed to reduce the value reduce the value of the current money until people spend or invest the savings .

      money used to be backed by a comodity .. like gold .. which is valuable based on the amount of gold the government has ..so a company with a gold backing supposedly should only print the amount of money equal to gold.. but last time gold back the US bank note.. US citizens and to prevent rising wages and probable shortage of money .. THere where very high income taxes up to 90 percent or more on top earners .. and sense it was illegal for US citizen to own gold..the richest American citizen where not able to save enough money and walk in to get gold for their money ..

      ok .. so money is created by government to get the majority of people to work to earn..so they can pay taxes then buy things with what is left
      Theres several points in here worth considering. Fiat systems, foreign economic times, secondary currencies. I'll give it some thought.
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  • Profile picture of the author Kay King
    Definitely hit rock bottom here, haven't we?
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    • Profile picture of the author OptedIn
      Originally Posted by Kay King View Post

      Definitely hit rock bottom here, haven't we?
      Wishful thinking. You ain't seen nuthin', yet. Just getting warmed-up.

      Count on it.
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      "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

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    • Profile picture of the author rockerjaw
      Originally Posted by Kay King View Post

      Definitely hit rock bottom here, haven't we?
      Hi Kay. Your opinion is giving me all kinds of brain storms. lol. Give me your honest answer to the question and I'd love to make it worth your while.
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  • Profile picture of the author yukon
    Banned
    Could you repeat the question?
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    • Profile picture of the author OptedIn
      Originally Posted by yukon View Post

      Could you repeat the question?
      Could you delete the question?
      Signature

      "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

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  • Profile picture of the author Kay King
    Should we all get a life?
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    • Profile picture of the author OptedIn
      Originally Posted by Kay King View Post

      Should we all get a life?
      Whatever floats your boat. I have my own game plan. I had a life once. Ask me how that turned out. Once was enough!
      Signature

      "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

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    • Profile picture of the author whateverpedia
      Originally Posted by Kay King View Post

      Should we all get a life?
      Nah. It's vastly overrated.
      Signature
      Why do garden gnomes smell so bad?
      So that blind people can hate them as well.
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  • Profile picture of the author Kay King
    So - I can't get a life until I can make my boat float? Wow, that's going to take a while.

    Always a complication....
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    Saving one dog will not change the world - but the world changes forever for that one dog
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    2024 Patriot's Award for Service to Veterans
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  • Profile picture of the author micjustin33
    Money is what you don't have I guess
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  • Profile picture of the author tagiscom
    Money, get back
    I'm all right, Jack, keep your hands off of my stack.
    Money, it's a hit
    Don't give me that do goody good bulls**t
    I'm in the high-fidelity first-class traveling set
    And I think I need a Learjet - Pink Floyd - "Money"
    Why do l feel that BFrank has hijacked my account?



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    `
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  • Profile picture of the author DURABLEOILCOM
    Originally Posted by rockerjaw View Post

    Hi Warriors. A friendly question from @rockerjaw

    My question is what is money? Money means different things to different people. Im interested to hear opinions on what is money? Is it a commodity to be traded? or an idea to measure growth? or the famous equivalent of time, or all of the above?

    Why I'm asking is to gain some good ideas for pitching a sales proposal and good food for thought.

    Feel free to tear the question apart.

    As always leave a comment. As I'd like to discuss your views.
    I'm looking forward to your responses.
    Money should be seen as a tool and nothing more. You use it in order to pay your bills, buy goods and services.
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  • Profile picture of the author Bean Ninjas
    Money is anything that serves as a medium of exchange.
    money is the way we get the things we need and desire.
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  • Profile picture of the author IGotMine
    71.43% of respondents have voted to "Get rid of this thread." Which makes perfect sense.
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    • Profile picture of the author OptedIn
      Originally Posted by IGotMine View Post

      71.43% of respondents have voted to "Get rid of this thread." Which makes perfect sense.
      I just added to the tally after originally deciding not to dignify the thread with a vote. :-)
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      "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

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  • Profile picture of the author whateverpedia
    I voted "It has no value". It's certainly no more stupid than a lot of threads that get started on here.
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    Why do garden gnomes smell so bad?
    So that blind people can hate them as well.
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  • Profile picture of the author yukon
    Banned
    I voted for change, now it's all I've got in my pocket. - Everlast










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  • Profile picture of the author hardraysnight
    the best things in life are free
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    • Profile picture of the author OptedIn
      Originally Posted by hardraysnight View Post

      the best things in life are free
      My friends who are virtually penniless are always telling me that. :-)
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      "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

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      • Profile picture of the author yukon
        Banned
        Originally Posted by OptedIn View Post

        My friends who are virtually penniless are always telling me that. :-)

        Claude?








        ...............
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  • Profile picture of the author Jessica Ambos
    Money is just a currency to buy goods or commodities. How much money you have will define your buying power, your status and your reputation. Many people will say that money doesn't define them but in reality it does. Money is what fills your stomach with food, puts a roof over your head and buys you warm clothes.
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  • Profile picture of the author Carbine
    What is money??? Paper only!
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    • Profile picture of the author DWolfe
      Originally Posted by Carbine View Post

      What is money??? Paper only!
      I guess you would refuse a 1oz gold coin.
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      • Profile picture of the author yukon
        Banned
        Originally Posted by DWolfe View Post

        I guess you would refuse a 1oz gold coin.
        I'll take his gold coins.
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  • Profile picture of the author Jason Kanigan
    Money is an idea backed by confidence.

    Currency is an agreed-upon means of exchange.

    Two different things that people often confuse as one.
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