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Ok, Canchin I'l try to play the piano without notes.|
1. "So it is only theory" - you talk about PPP.
Here I completelly disagree. PPP is just an approximate factor showing the real value of the different coloured papers being used in this country, versus the difference (ratio) of the puchase value of the same money after being exchanged to other currency of another country and used in THAT country.
It is not a theory, but a very practical calculation/adjustment to figure out the reality of earning&living in country A , B and C.
Paper money has physically only one value - a thermal combustion heat unit value , usually presented as Qc. In MJ/kg , or BTU/pound. For money it is about 15-18 MJ per kg, which is a similar value to what we get from newspapers and magazines. So actually the process of buying newspapers should engage an equibalance weigh, provided both papers have the same moisture content.
Other than the thermodynamics values are imaginary, artistic and customary. It is all about belief,faith, - something like religion. Chapellans sit in the churches called banks. Cardinals in cathedrals named central banks. And the pope is the neverending subject of speculations and conspiracy theories to whether he/them exist, and who he/they are. We are supposed to believe that when somebody gives me a paper for my work, I will be able to exchange it for goods at so and so price. This is BS, just gambling!
More than that. In the time , when it becomes a must to use non-existing money, which is now only a state of magnetization of hard discs on computers I will never see in my life, the next problem appears. In 10 years time , when I come to a kiosk with 100 bucks cach to buy a pack of cigarettes, they will catch me, detain for 24 hours and make full investigation on how can I pay CASH with such severe purchase! The USA will be probably the first country to catch cach bearers= suspected criminals.
The artifacts, which are seldomly still used in some countries have an enigmatic inscription; I have one just in front of my eyes:
I promise to pay the bearer on demand the sum of fifty pounds.
WTF is that? I will give her fifty and she will give me fifty? Is that what they call fifty/fifty? Where is the interess then(?),-as little Icchac would ask? I even do not know who makes such heart thumping promises! The queen on the right ,or the Chief Cashier on the left, who signed it.
We, Poles are not stupid. No no. I can imagine me trying to execute their(whose?) promise: