Idiot's Guide to Money

[Y Fan Wen]

I think my brain is too small to follow this;

Macroeconomics, Money (MMT Style) and Post-Brexit Recovery, All in One Twitter thread | naked capitalism

Money, lending, government spending, QE....all explained in one tidy post!

www.nakedcapitalism.com

 

[Still Farming]

I give you a tenner and you give me £20 for the pleasure?
Simple .

 

[Pasty]

It's not far off but I would take issue with a few bits. I'm too tired to do that now and there is probably no point. Just go watch Simon Dixon on Ytube

Money is debt. That's about it. Debt is slavery.

 

[Tubbylew]

Very interesting, I can't help thinking it was better backed by the gold standard, at least it was a true measure of what could be done by a workforce, money is still difficult enough to come by but seems to be so worthless. I've alway found the words interesting on a bank note "I promise to pay the bearer, upon demand 10 pounds" in my youth I assumed that was 10 pounds worth of gold, it seems its 10 pounds worth of nothing at all except 10 pounds worth of somone elses debt.

 

[Pasty]

Bitcoin is the hardest currency on the planet this moment. I don't own any but that is a fact.

 

[7610 super q]

Bitcoin is the hardest currency on the planet this moment. I don't own any but that is a fact.

What does a Bitcoin look like ? Asking for a friend.

 

[Lofty1984]

What does a Bitcoin look like ? Asking for a friend.

It’s all the filings off pound coins when they are made isn’t it

 

[Yale]

What does a Bitcoin look like ? Asking for a friend.

Ask someone who has traded it iirc. @Kiwi Pete

 

[Lincsman]

What does a Bitcoin look like ? Asking for a friend.

Similar to a tulip bulb, only much smaller, so highly valuable until no one wants one.

 

[farmerm]

Bitcoin is the hardest currency on the planet this moment. I don't own any but that is a fact.

It is certainly favored by hardmen the type of hardmen that have no qualms about flooding the streets with narcotics, blowing off a kneecap or blowing up rucksacks...