I think the next time a cashier checks my money, I'll reply, "If you're looking for intrinsic value, you're going to be looking for a long time." I can't wait to see the confused look on their face!
I was thinking about how the fiat is worthless that's why you don't get interest and how it doesn't qualify as money . Seeing the bills looking just like Monopoly money puts it in perspective hahaha
I think the next time a cashier checks my money, I'll reply, "If you're looking for intrinsic value, you're going to be looking for a long time." I can't wait to see the confused look on their face!
I was thinking about how the fiat is worthless that's why you don't get interest and how it doesn't qualify as money . Seeing the bills looking just like Monopoly money puts it in perspective hahaha
Agreed. I never thought of the no interest as an indication of the fact that it is actually not worth anything. Now we not only have No Interest Rate Policies (NIRP), Europe even has Zero Interest Rate Policies (NIRP). http://www.zerohedge.com/news/2014-06-05/nirp-has-arrived-europe-officially-enters-monetary-twilight-zone
Ya it's a race to the bottom!!!! Scary how in Greece they plan on confiscating safety deposit boxs if you didn't claim what's in it. Wow!!!!!