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Ray kerpan

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Posts posted by Ray kerpan

  1. On 8/11/2021 at 7:43 PM, August1991 said:

    Same as Bitcoin or other cryptocurrencies that IMHO, have an equilibrium value of zero.

    Note when this thread started - prior to the crash of 2008.

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    What we call money is in fact a "reserve  currency"; when we buy with a credit card or write a cheque (big ticket item), we ask an intermediary to settle our payments on our behalf. The intermediary uses "money". The paper with dead presidents or a Queen. 

     

     

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