(19 kg)

wow gona need one hell of a big pocket to put that in or wallet and a women's hand bag to put the parse in would have to have wheels on it there already full of junk and weight a bit as it is ....:)

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(about 19 kg) [quote]

wow gona need one hell of a big pocket to put that in or wallet and a women's hand bag to put the parse in would have to have wheels on it there already full of junk and weight a bit as it is ....:)

They had horse and wagon loaded with these panels when going to the market.
After two great wars Sweden was almost bankrupt and had big inflation.

(about 19 kg) [quote]

wow gona need one hell of a big pocket to put that in or wallet and a women's hand bag to put the parse in would have to have wheels on it there already full of junk and weight a bit as it is ....:)

Metal Currency was cut into smaller pieces, or made into Gold, Silver, and Copper Rings, as done during the Trojan Era.

We didnt have so much gold here but lots of copper.
And metal prices goes up and down.
Today the 19kg plate value is about $140.
A tax collection man is said to have written to Queen Christina, and regrets that he could not collect taxes, for he had no means of transportation if you paid him with plates.

Full marks Clyde you passed and can now graduate and i will give you extra credit for the artificial part of your post 110 marks my friend .

Edit : It's a promissory note , a promise that you will give me it's value in product or service

Too bad you both got the answer wrong. You asked the question why is the dollar worth squat, not why is a dollar bill worth squat. They are not the same question.

The dollar is worth squat because the USA debt ceiling is not zero.

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I think this is very funny:)
As of 2013, based on the US Mint Annual Report released in 2014, it costs the U.S. Mint 1.83 cents (down from 2.41 cents in 2011) to make one cent because of the cost of materials, production, and distribution. This figure includes the Mint’s fixed components for distribution and fabrication, as well as Mint overhead allocated to the penny. Fixed costs and overhead would have to be absorbed by other circulating coins without the penny. The loss in profitability due to producing the one cent coin in the United States for the year of 2013 was $55,000,000.
http://en.wikipedia.org/wiki/Cent_(United_States_coin)

It's sold on E-Bay or on Overstocks.com.

May I recommend a basic book on Macro-economics. Capital is created by production. Capital is spent on consumption. The excess of revenue vs cost-to-produce is available to create more capital.

Capital is the tool one uses in production. That is the only answer that gets a passing grade in an econ class.

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I think this is very funny:)
As of 2013, based on the US Mint Annual Report released in 2014, it costs the U.S. Mint 1.83 cents (down from 2.41 cents in 2011) to make one cent because of the cost of materials, production, and distribution. This figure includes the Mint’s fixed components for distribution and fabrication, as well as Mint overhead allocated to the penny. Fixed costs and overhead would have to be absorbed by other circulating coins without the penny. The loss in profitability due to producing the one cent coin in the United States for the year of 2013 was $55,000,000.
http://en.wikipedia.org/wiki/Cent_(United_States_coin)

As of 2013, Nickels (5 Cents) cost around 9.4 cents to produce.

Our we losing our minds?

I saw this on 60 Minutes years ago:)
If I remember right it's some consumer lobby who are responsible for this.
Strange math if you ask me.
But it's only tax payers money...

As of 2013, Nickels (5 Cents) cost around 9.4 cents to produce.

Our we losing our minds?

How is that germaine regarding money's function as a store of value or medium of exchange?

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It's not all doom and gloom Annie!

Someone has to design, manufacture, and produce these machines. Someone has to transport them from where they are made to where they are used. Someone has to install and maintain them, service them, upgrade them, oil them, etc etc. Then these machines need to be fed with raw materials to produce these goods, someone has to produce these materials and transport them to the factory. Then the finished parts/products need to be packed, transported to retail outlets, marketed, and sold.

3D printers can only produce parts in plastic or sprayed metal. They can't drop forge for strength, or harden and temper with heat treatment. Mechanisation has been going on since the Luddites in the early 17C, from plugboard capstans, to CNC milling machines, to modern car production lines. Machines still need machine minders.

Oh. Okay!

Thanks Chris :) *doom and gloom cloud evaporates* *mouse cursor moves towards "post reply"...*

erm... *doom water condenses out of thin air* but... the ratio of human to machine is a bit like watching a population crash without a boom in the funeral/cremation business to um... mop up the surplus so to speak... and... a recent chat with an engineering student and an architecture student about where they're being told 3D printers are going... other than printing their own guns of course... suggests we're at the penny-farthing stage of the jet engine so yes we'll need people to get things to where they need to be and keep them running whilst they're there, but only until such time as someone works out how to do away with them too. And then there's the energy required to keep more and more machines running of course. Okay - there was a 3D printer that was transported to the sahara I think and hooked up to some solar panels... whereupon it printed glass bowls out of sand - which I believe had made the student's tutor fall about laughing when it was first suggested to him :)

But maybe my gloom was more to do with seeing the future through the eyes of the young. In order to save my daughter the humiliation and finger pointing that is the benefit system in this country at present (all part of the divide and rule disinformation ethos of politicians) I have just "carried" her through a spell of unemployment caused by a greedy business decision by her employer to invest in machines not people. The firm collapsed under the weight of it's own stupidity and did not pay any of it's staff their final month's salary). Carrying her through to her first monthly pay packet in her next job (which was very hard to come by) has been even harder due to adding travel costs on top of keeping her alive and out of rent arrears.

We had a long chat about how she and so many of her friends and acquaintances around her age (24) see the future and it saddened me. One thing she did say that was heartening in the short term was: don't worry mum... my generation won't rise up against yours... many of us are being kept afloat by you and we're grateful for that. But we might not be able to help the next generation in the same way, and we won't be able to retire to make room for them in the jobs market either... so wish us luck won't you!

She's an intelligent young woman, and very astute and I hope she's wrong but I don't think she will be unless something does change. If that sounds a bit doom and gloom it's not meant to be :) it could be really exciting... and very positive for us all... if we do it right.

*pause for multitude of SNORTS* ... :)

betreger Then you need to tell your teacher to go back to school as he is wrong it's credit not capital . You do not need any assets so therefore under the present system no assets you wouldn't get capital .

You need a idea that you can convinvce some one that you can make money on and get them to give you the money(capital ) to build your factory and and make money so it's credit not capital .

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betreger Then you need to tell your teacher to go back to school as he is wrong it's credit not capital . You do not need any assets so therefore under the present system no assets you wouldn't get capital .

You need a idea that you can convinvce some one that you can make money on and get them to give you the money(capital ) to build your factory and and make money so it's credit not capital .

With a degree in Economics albeit 46 years ago, I think you are talking apples and oranges.

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you say tomartoe we say tomatoe hehehehe

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you say tomartoe we say tomatoe hehehehe

So be it, definitions are important if you want to communicate. Your lack of rigor produces fog.

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So be it, definitions are important if you want to communicate. Your lack of rigor produces fog.

what fog . It's all still based on a promise . You loan me the money and i'll promise to pay you back and make a profit .

No fog there

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So be it, definitions are important if you want to communicate. Your lack of rigor produces fog.

what fog . It's all still based on a promise . You loan me the money and i'll promise to pay you back and make a profit .

No fog there

And nothing to do with capital, you are convoluting capital, a tool used in manufacturing, with the liquidity of money, much fog.

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Nope no fog . If i was to get money(capital) to start a company say something to do with the internet and i have no assets then i need to con some rich guy to give me a loan (capital) to start it up . If it doesn't make money then the rich guy loses his money(capital) so the whole thing is a con to start of with , a promise !

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If it doesn't make money then the rich guy loses his money(capital) so the whole thing is a con to start of with , a promise !

Geln you are convoluting, money is a medium of exchange it could be exchanged for capital, it could be exchanged for consumption on goods or services, therefore money does not equal capital.

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Who does the USA actually owe most of the money to?

It isn't who they "owe" it too, it is who they stole it from, their grand children.

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If it doesn't make money then the rich guy loses his money(capital) so the whole thing is a con to start of with , a promise !

Geln you are convoluting, money is a medium of exchange it could be exchanged for capital, it could be exchanged for consumption on goods or services, therefore money does not equal capital.

+ many

Capital is a thing of value. It might be a mattress full of cash. It might be a stack of platinum ingots. It might be an electric generating plant. You may denote the value in currency units, but the value is not money. Money is a fungible exchange medium.

money |ˈmənē|
noun
a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively: I counted the money before putting it in my wallet | he borrowed money to modernize the store.

fungible |ˈfənjəbəl|
adjective Law
(of goods contracted for without an individual specimen being specified) able to replace or be replaced by another identical item; mutually interchangeable: money is fungible—money that is raised for one purpose can easily be used for another.

currency |ˈkərənsē, ˈkə-rənsē|
noun ( pl. currencies )
1 a system of money in general use in a particular country: the dollar was a strong currency | travelers checks in foreign currency | figurative : he was rich in the currency of love.

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betreger bro don't use big words i only have a high school education .

Then don't bite the hook hehehehehehe

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