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348
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3 wk. ago

  • creation of physical cash's cost are not inflated and get changed based on cost and necessity. Using cheaper materials to reduce cost but adding advanced elements which increase cost. Again though it does not have an artificial inflation mechanic causing it to use more energy over time and is just based on method and materials. A big thing in this is how long it functions. coins cost more than paper mostly but one thing people don't take into account is how long they last versus paper. So you typically see things about a penny costing more than a penny but whats not taken into account is that it is least lasting coin at 25 years while most paper under 50s last less than 10 years but longer lasting denominations are usually used less. It comes down to how much value physical money gets in its lifetime vs its cost to make. So you add up every transaction and average out the value for a particular currency type. Movement is done in the real world so its a bit apples to oranges. It does not require anything necessarily. If all computers and electricity. So its going to vary greatly if I give my brother a fiver for grabbing his oj than if I go deposit it at a bank to if I buy from a retalier to if I foolishly mailed it directly. I don't think physical money can be compared to much of any electronic equivalents honestly. That is in the realm of folks that believe in cashless system to ones who want some ability to have the physical ability.

  • I agree. honestly even that P/E is greatly skewed by this millenium. The correction was meant to happen about the time of covid but ironically covid caused a very short spike drop and I think the emergency itself combined with the efforts taken sort tar papered it out of it and it kinda went crazy opposite.

  • Its a bit higher than the low it hit two weeks backish on the 13th. Its significant because the bit of recovery petered out and in the past little false recoveries like this was the stair step down that made it into a truly crashing market. It did not so far though fall below the low of the recent drop but it is pretty close to it.

  • As many people from the us have said we basically feel the same. I almost never drink but have the last two times trump has spoken in a formal setting. Its funny you mention russia as we all know much of this right wing crap is coming out of putin and while we seem to be crumbling under remember that he is trying the same with the rest of the free world. Its more important than ever that other countries not succumb and I have no reason but hope but I hope we come out of this and back to sanity.

  • Dolphins seem to be infatuated with us. I mean like the recent splashdown they did not come to the surface until humans started showing themselves out of the vehicles. My dog loves humans and pretty much all animals she meets but gets more excited the younger they are and just goes bananas when an adult is holding a child. Two for one.

  • Its a problem with all of them. How can any christians be non pacifist when direct from christs mouth was the very direct command:

    "Ye have heard that it hath been said, An eye for an eye, and a tooth for a tooth: But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also. And if any man will sue thee at the law, and take away thy coat, let him have thy cloke also. And whosoever shall compel thee to go a mile, go with him twain."

    I have had discussion and its ludicrous the other parts they engage in mental gymnastics to work around it. Its the same with the 4 noble truths and the 8 fold way. Its pretty obvious its about looking inward and delving into anyone elses life except to help them would be feeding into desire. Sihks have this whole thing about goofy practices of other religions and then have their own goofy practices. No idea how jainism gets corrupted or other faiths off the top of my head but im sure they are there.