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Recently by Zyxius
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The dollar is worth less than shit. Can you prove me wrong?
The dollar is worth less than shit
Below I will prove to you that you are better off keeping your money in shit…..literally shit….no kidding…..than in the US Dollar.
Firstly we have to start with some basic premise(s) about the dollar.
1. The dollar is fiat money, made of paper and does not have any intrinsic value. Meaning that a dollar itself does not have any value except if you are able to trade it for something else and someone is willing to accept it.
2. The purchasing power of the dollar has consistently been eroded over almost every stretch of time one can measure. In other words, the ability of a single dollar to buy real goods has consistently decreased over time.
Second, we must establish the premise for the shit:
1. Shit is an important fertilizer and therefore has real intrinsic value in terms of being able to grow food and maintain livestock. Shit is therefore an intrinsically valued commodity, or in other words, a real good.
2. Point #2 above regarding the purchasing power of the dollar also means that all real goods have consistently appreciated in value against the dollar.
So with these basic facts being established, let us paint a scenario:
You take a bucket and place it behind the bottom of a buffalo or cow that is relieving itself. You accumulate the doo until the bucket has been filled. You take this bucket to the nursery and we get our hypothetical value of US$ 1 for the bucket of shit. Now we take our bucket of shit and US$ 1 out of our pockets and we deposit both of them in some place for safe keeping (where they would both be preserved) for 5 years.
Upon returning in 5 years, can any of you dispute that the bucket of shit wouldn’t be worth more than the US$ 1?
Now it is possible that there may be short-term volatility in the price of shit, but it is virtually a sure thing that over the long term the shit would beat the dollar every time. Thus, I recommend dumping the dollar (and all fiat money currencies) for any and all hard assets that have some intrinsic value.
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Actually, the fact is that the dollar is loosely backed by energy by de facto. You see, the fraud being pulled on the world today is that oil can only be sold in dollars no matter who is buying and who is selling. When a currency is backed by something, it is usually a certain number of units of some hard/real good equally a certain number of dollars which is fixed and for each dollar printed, the US government would have that much of that commodity stored in its vaults.
THe US has been cheating the whole world by not keeping anything in its vaults and by militarily making sure that oil anywhere in the world is only sold in dollars. That allows them to sit back and back their currency on commodities OWNED BY OTHER PEOPLE!!
This is one reason why the US is furious with Iran, Venezuela and Russia...because they are all getting ready to sell their oil in other currencies and that is causing serious panic about the value of the dollar.
As Muslims, we have a simple commandment about money. Islam says that our Zakat must be in "honest money" and not something silly like shells and beads which may not have any actual value. The dollar would be seen as dishonest money according to our own Islamic sharia which recommends that we use the Islamic Dinar and Dirham which was regulated during the time of the Prophet (Pbuh). One Islamic Gold Dinar is supposed to be 4.25 grams of 22k gold while 1 Islamic Dirham is supposed to be 3 grams of silver. This is what constitutes real money.
Actually, the fact is that the dollar is loosely backed by energy by de facto. You see, the fraud being pulled on the world today is that oil can only be sold in dollars no matter who is buying and who is selling. When a currency is backed by something, it is usually a certain number of units of some hard/real good equally a certain number of dollars which is fixed and for each dollar printed, the US government would have that much of that commodity stored in its vaults.
THe US has been cheating the whole world by not keeping anything in its vaults and by militarily making sure that oil anywhere in the world is only sold in dollars. That allows them to sit back and back their currency on commodities OWNED BY OTHER PEOPLE!!
This is one reason why the US is furious with Iran, Venezuela and Russia...because they are all getting ready to sell their oil in other currencies and that is causing serious panic about the value of the dollar.
As Muslims, we have a simple commandment about money. Islam says that our Zakat must be in "honest money" and not something silly like shells and beads which may not have any actual value. The dollar would be seen as dishonest money according to our own Islamic sharia which recommends that we use the Islamic Dinar and Dirham which was regulated during the time of the Prophet (Pbuh). One Islamic Gold Dinar is supposed to be 4.25 grams of 22k gold while 1 Islamic Dirham is supposed to be 3 grams of silver. This is what constitutes real money.
Instead of creating the value out of thin air and making it worthless it needs to be linked with some real asset.Currency was devised just as a credit note issued in exchange of some real asset.
Yes I do. And its not such an old system, the dollar was backed by Gold until relatively recently. Opponents of the concept of REAL MONEY provide all kinds of arguments that basically revolve around calling the REAL MONEY system "primitive". However, I think that time has proven that their ideology of funny money isn't worth shit.
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