Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.[SUP][1][/SUP][SUP][2][/SUP][SUP][3][/SUP] The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment.[SUP][4][/SUP][SUP][5][/SUP] Any kind of object or secure verifiable record that fulfills these functions can serve as money.
“There’s a tremendous loss of momentum,” said John Herrmann,senior fixed-income strategist at State Street Global Markets LLC in Boston,who projected manufacturing would contract. “Increasing evidence that the economy is drifting closer to a recession could prompt Chairman Bernanke into action before year-end,”
“There’s a tremendous loss of momentum,” said John Herrmann,senior fixed-income strategist at State Street Global Markets LLC in Boston,who projected manufacturing would contract. “Increasing evidence that the economy is drifting closer to a recession could prompt Chairman Bernanke into action before year-end,”
Must be your browser. The link works fine.
Criticizing the contents of an article you didn't read is just bias ignorance.
In the event that wish to discover that it is your post that makes the incorrect interpretation of what the article pertains to, here is the link.
Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.[SUP][1][/SUP][SUP][2][/SUP][SUP][3][/SUP] The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment.[SUP][4][/SUP][SUP][5][/SUP] Any kind of object or secure verifiable record that fulfills these functions can serve as money.
Thank you for posting a quote that you found on the internet about some aspects of what money is. I hope you read it and understand it better now. It's a partial description, but if you understand it, it should clear up at least some of your confusion.
And there is no evidence that it isn't. We haven't even reached a depression.
Are you trying to remind me how right I am or how clueless you are.
( insert cliche conspiracy theory line here)
And there is no evidence that it isn't. We haven't even reached a depression.
Are you trying to remind me how right I am or how clueless you are.
( insert cliche conspiracy theory line here)
One of you are right. Jim Willie
CB, editor of the “HAT TRICK LETTER”
"One should constantly remember that no solution to the financial crisis has been installed, nothing fixed, no big banks liquidated, no end to monetary inflation, no end to outsized US Govt deficits, no end to secretive subterranean support of stocks and bonds, no revival of the housing market, no discharge ofbig bank home inventory, no return of US industry from Asia, no interruption to the endless costly wars, no end to money laundering of narco funds to Wall Street banks, no end to the propaganda obediently pumped out by the US press& media networks, and no change of Goldman Sachs running the USGovt finance ministry. Expect no change in anything that you believe in. Expect no change tothe 0% policy (ZIRP) with no change to the heavy monetary inflation (QE), as the path to ruin is set, and the policy of Inflate to Infinity cannot be stopped. Gold will not stop until it surpasses at least $5000 to $7000 in price. Silver will not stop until it surpasses at least $150 to $200 in price.Such forecasts invite mockery, but in two years they will seem prescient."
Uh, where did this debt figure come from? This website says it's 1.2 trillion dollars, but Wikipedia says it's it's about 550 billion dollars (http://en.wikipedia.org/wiki/Canada_public_debt) That's a considerable difference.
Uh, where did this debt figure come from? This website says it's 1.2 trillion dollars, but Wikipedia says it's it's about 550 billion dollars (http://en.wikipedia.org/wiki/Canada_public_debt) That's a considerable difference.
One of you are right. Jim Willie
CB, editor of the “HAT TRICK LETTER”
"One should constantly remember that no solution to the financial crisis has been installed, nothing fixed, no big banks liquidated, no end to monetary inflation, no end to outsized US Govt deficits, no end to secretive subterranean support of stocks and bonds, no revival of the housing market, no discharge ofbig bank home inventory, no return of US industry from Asia, no interruption to the endless costly wars, no end to money laundering of narco funds to Wall Street banks, no end to the propaganda obediently pumped out by the US press& media networks, and no change of Goldman Sachs running the USGovt finance ministry. Expect no change in anything that you believe in. Expect no change tothe 0% policy (ZIRP) with no change to the heavy monetary inflation (QE), as the path to ruin is set, and the policy of Inflate to Infinity cannot be stopped. Gold will not stop until it surpasses at least $5000 to $7000 in price. Silver will not stop until it surpasses at least $150 to $200 in price.Such forecasts invite mockery, but in two years they will seem prescient."
Gold importsmay hit 1,000 tonnes Notwithstanding skyrocketing gold prices, itsimports are likely to cross the 1,000-tonne mark this year on robust investmentdemand, say analysts. Since the US sovereign debt downgrade and the new threatsemanating from euro zone economies, gold has rallied a whopping 14% this month alone, as investors shunnedstocks and flocked to the yellow metal as a safe haven. more… QE to infinity
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