Should the Global Markets Crash..

Jinchiruuki · 01-03-2013, 06:38 PM

What would be the best alternative to transform our economy into?

Bartering? (Medievalish)
Cryptocurrency?

I find that pursuing a fiat currency will merely lead you down a disappointed road. The US (Petro) Dollar is nothing but paper, while the Federal Reserve prints it, they have no monetary item to hold its value aside from Petroleum.

I for one have been buying up Silver and Gold, as well as getting into Cryptocurrency. If you don't know what Cryptocurrency is, look here:

http://naruto.viz.com/forum/showthread.php?t=120810

To think that the currency systems in place now will recover and hold is foolish. Very few countries have the actual wealth to back up the amount of money they are printing and inflating the markets with.

So in your opinion, what should we do in the case of a crash?

Shikamaru Nara · 01-03-2013, 07:23 PM

Not take more from China. :/

Shisko Shi · 01-03-2013, 07:30 PM

um I wanna say Bartering. But ill will read up on the cryo one.

Jinchiruuki · 01-03-2013, 07:34 PM

Quote:

Originally Posted by Shikamaru Nara

Not take more from China. :/

Won't happen. We have officially outsourced 35% of our corporate jobs out of the country and most of that to China.

Not to mention, we consume too much of China's export.

Quote:

Originally Posted by Shisko Shi

um I wanna say Bartering. But ill will read up on the cryo one.

I would prefer bartering, as a cryptocurrency only works if the internet and electronics continue to work.

Saiyan · 01-05-2013, 01:22 AM

I looked up bitcoins and that unfortunately seems like a bunch of bs too me.

All it takes is someone with a computer lab to contorl that market, what kind of monetary system is that?

Jinchiruuki · 01-05-2013, 03:37 PM

Quote:

Originally Posted by Saiyan

I looked up bitcoins and that unfortunately seems like a bunch of bs too me.

All it takes is someone with a computer lab to contorl that market, what kind of monetary system is that?

Exactly, it's become an elitist currency. Those with the best mining rigs and most money to dump into it, make the most profit.

TheTrueMasterofIllusions · 01-05-2013, 04:02 PM

We should back our money with cash crops. Like pot, tobacco, and rice.

01-03-2013, 06:38 PM	#1
Jinchiruuki Non Compos Mentis Join Date: May 2010 Location: Anonymous. Posts: 4,998 Rep Power: 10	Should the Global Markets Crash.. What would be the best alternative to transform our economy into? Bartering? (Medievalish) Cryptocurrency? I find that pursuing a fiat currency will merely lead you down a disappointed road. The US (Petro) Dollar is nothing but paper, while the Federal Reserve prints it, they have no monetary item to hold its value aside from Petroleum. I for one have been buying up Silver and Gold, as well as getting into Cryptocurrency. If you don't know what Cryptocurrency is, look here: http://naruto.viz.com/forum/showthread.php?t=120810 To think that the currency systems in place now will recover and hold is foolish. Very few countries have the actual wealth to back up the amount of money they are printing and inflating the markets with. So in your opinion, what should we do in the case of a crash? __________________ "Confront the dark parts of yourself, and work to banish them with illumination and forgiveness. Your willingness to wrestle with your demons will cause your angels to sing. Use the pain as fuel, as a reminder of your strength."--August Wilson

01-03-2013, 07:23 PM	#2
Shikamaru Nara busybusybusy Join Date: Sep 2009 Location: New York Posts: 43,925 Rep Power: 42 Awards Showcase Total Awards: 1 Total Points: 4	Re: Should the Global Markets Crash.. Not take more from China. :/ __________________ Everybody wanna be a critic, I have my life and I will live it. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

01-03-2013, 07:30 PM	#3
Shisko Shi Freshmen Academy Student Join Date: Mar 2012 Location: Hidding in your closet... Posts: 9,270 Rep Power: 17	Re: Should the Global Markets Crash.. um I wanna say Bartering. But ill will read up on the cryo one. __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

01-05-2013, 01:22 AM	#5
Saiyan Chunin Exam Proctor Join Date: Oct 2012 Posts: 1,708 Rep Power: 5	Re: Should the Global Markets Crash.. I looked up bitcoins and that unfortunately seems like a bunch of bs too me. All it takes is someone with a computer lab to contorl that market, what kind of monetary system is that?

01-05-2013, 04:02 PM	#7
TheTrueMasterofIllusions Special Jonin Candidate Join Date: Jul 2010 Location: Somewhere over the rainbow Posts: 5,968 Rep Power: 7	Re: Should the Global Markets Crash.. We should back our money with cash crops. Like pot, tobacco, and rice. __________________ Halloween Pumpkins Spoiler: Senbon, Fuji,Mat, Annie(Anathema), Bella(Bell), Byakugan(Bya), Hinata(Hina), Naruto fan10!(Naru), Storm50(Stormbringer), Abe Uzumaki(Abs),King Kakashi(Mushu), George

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