Re: Storing cash?

On Feb 12, 6:33 am, EskWI...@xxxxxxxxxxxxxxxxxxx wrote:
In misc.survivalism, Winston_Smith <not_r...@xxxxxxxxx> wrote:

EskWI...@xxxxxxxxxxxxxxxxxxx wrote:
In misc.survivalism, z <z...@xxxxxxxxxxxxx> wrote:

Well why is cash any good?

You can buy stuff with it.  HTH.
If some smart Esk-like investor had ventured just one US dollar in
Zimbabwe in 1983.  It would be worth $13,000,000,000,000,000 today.
And it would buy precisely nothing.

If someone were to invest in Zimbabwe in 1983, they woud not be smart.

It would have been smart to have bought a few dollars in it just
before they cut the 0’s.

Then a person would have had a large chunk of currency to sell cheep
to collectors.
A $1,000,000,000,000 bill in any currency would have sold easy at a
flea market for at least $5 American.

Just think of the bar *** bragging rights that bill would carry.
;-)

Inflation in itself has always been confusing to me.
It appears to me to be simply a matter of all businesses wanting to
make to much profit from each enterprise.

To do this, they mark up the selling price of the item and / or cut
wages..
Then the people actually earning the businesses living can not buy the
items, so they push for a wage rise so that they can live on the
wages.
So the business owners rise the prices again so that they can still
get there over pay.

On it goes, until someone stops it.

In Zimbabwe at least they are trying to get a handle on it, and in the
same way I have always said was needed.
Do not allow the business to charge what ever they want, because they
are determining the price regardless of how it effects the entire
nation and not based on actual cost to produce.

That way, a basic car cost $2000 new in 1971, and a fork lift operator
got paid $6 a hour so he could buy one, just like it would be at all
times after the rules fixed things.

After all, that is basically how money works.
$1 is worth x amount of gold, x amount of noodles, x amount of gas, x
amount of housing, ect.
It is what the money is based on, not just gold or silver, but
everything.
Keep it the same, and the money stays worth something.
Keep changing what the money will buy and it becomes worthless.

Fortunately the present government is trying to do something like that
for us.
He is trying to limit how much a company can pay the top guy if they
get a bail out.
That way they will not just keep on over paying the top dog and not
paying the help enough to do any good.
After all, if the top dog did not get it, then it will either be
reinvested in another business, better pay for the rest of the crew,
or lower the price of the item being sold in the first place.
After all, why push up the selling price if you don’t get to keep the
excess profit.
.