@heathen75: Yeah, a lot of people will be making their balance sheets healthier with it one way or another. Paying off debt, creating an emergency fund, socking it away for retirement, etc.
Most of it will probably go to a credit card but will hold onto a bit in hopes that Biden can get the first time home owner tax credit plan through. Fingers crossed, probably not gonna happen, but it would go a long way to making downpayment easy.
I just heard that the unemployment money I had them take taxes out on last year is actually getting refunded back when I file my taxes because of Covid or something so it's like I get a double stimulus, and that bit will be even more substantial.
Not sure yet, toward new car maybe. My toys I have spoiled myself withast few months likely be attributed to my savings of not smoking for last few months.
I haven't gotten my last 2 checks because IRS still hasn't processed my 2019 taxes that I turned in a year ago. Made me lose out on the extra payment for my daughter, since 2019 was my year to claim her, and now you can only get that money by filling 2020 taxes, which isn't my year to claim her. So I'm missing $500 from first check, $1200 from second, and $2400 from third. And somehow it's my fault for filing taxes on time(March 2019).
ah. so stuff that really has no actual value then ;)
Anyone who says that, has no damn clue what they are talking about.
He's got a point in the sense that it has no intrinsic value, but neither does the US dollar so it's a moot point :P
eh. gov't backed fiat currency generally has the backing of just that, governments. including the weight that may or may not come with it.
a digital widget that a bunch of people on the internet agree is worth something for now and may collectively agree it isn't worth shit in the future, not so much. reminds me a bit of beanie babies tbh.
ah. so stuff that really has no actual value then ;)
Anyone who says that, has no damn clue what they are talking about.
He's got a point in the sense that it has no intrinsic value, but neither does the US dollar so it's a moot point :P
Nothing has value until we give it value period.
@comp_atkins said:
@vl4d_l3nin said:
@Xabiss said:
@comp_atkins said:
@Xabiss said:
Sorry I am more of a crypto investor.
ah. so stuff that really has no actual value then ;)
Anyone who says that, has no damn clue what they are talking about.
He's got a point in the sense that it has no intrinsic value, but neither does the US dollar so it's a moot point :P
eh. gov't backed fiat currency generally has the backing of just that, governments. including the weight that may or may not come with it.
a digital widget that a bunch of people on the internet agree is worth something for now and may collectively agree it isn't worth shit in the future, not so much. reminds me a bit of beanie babies tbh.
but hey, if i'm wrong i'm wrong.
You can say that just about anything that has value baseball cards, coin collecting, gold, diamonds. and the list goes on and on. They all just have value because we give it value.
eh. gov't backed fiat currency generally has the backing of just that, governments. including the weight that may or may not come with it.
a digital widget that a bunch of people on the internet agree is worth something for now and may collectively agree it isn't worth shit in the future, not so much. reminds me a bit of beanie babies tbh.
but hey, if i'm wrong i'm wrong.
You can say that just about anything that has value baseball cards, coin collecting, gold, diamonds. and the list goes on and on. They all just have value because we give it value.
Yeah but money is backed by the government. That other stuff is not.
eh. gov't backed fiat currency generally has the backing of just that, governments. including the weight that may or may not come with it.
a digital widget that a bunch of people on the internet agree is worth something for now and may collectively agree it isn't worth shit in the future, not so much. reminds me a bit of beanie babies tbh.
but hey, if i'm wrong i'm wrong.
You can say that just about anything that has value baseball cards, coin collecting, gold, diamonds. and the list goes on and on. They all just have value because we give it value.
Yeah but money is backed by the government. That other stuff is not.
And yet they've retained their value much better than the US dollar
eh. gov't backed fiat currency generally has the backing of just that, governments. including the weight that may or may not come with it.
a digital widget that a bunch of people on the internet agree is worth something for now and may collectively agree it isn't worth shit in the future, not so much. reminds me a bit of beanie babies tbh.
but hey, if i'm wrong i'm wrong.
You can say that just about anything that has value baseball cards, coin collecting, gold, diamonds. and the list goes on and on. They all just have value because we give it value.
Yeah but money is backed by the government. That other stuff is not.
And yet they've retained their value much better than the US dollar
It was a much better system when it was backed by gold and our government. Now they can print as much as they want like they are currently doing. We have never printed as much money as we have now in the last year.
It was a much better system when it was backed by gold and our government. Now they can print as much as they want like they are currently doing. We have never printed as much money as we have now in the last year.
eh. gov't backed fiat currency generally has the backing of just that, governments. including the weight that may or may not come with it.
a digital widget that a bunch of people on the internet agree is worth something for now and may collectively agree it isn't worth shit in the future, not so much. reminds me a bit of beanie babies tbh.
but hey, if i'm wrong i'm wrong.
You can say that just about anything that has value baseball cards, coin collecting, gold, diamonds. and the list goes on and on. They all just have value because we give it value.
Yeah but money is backed by the government. That other stuff is not.
And yet they've retained their value much better than the US dollar
It was a much better system when it was backed by gold and our government. Now they can print as much as they want like they are currently doing. We have never printed as much money as we have now in the last year.
the question is, what is the problem you're trying to solve by moving back to the gold standard and what problems are you re-introducing by returning?
People on here are really pining for gold backed money?
There's always a couple. The joys of deflation and imbalances caused by import/exports. Declaring that the world did better in the days of the gold standard is quite the riot. A brief history of recessions, economic cycles, and why the gold standard was abandoned post 1929, shows how many drawbacks there are to backing your currency to a commodity.
You can say that just about anything that has value baseball cards, coin collecting, gold, diamonds. and the list goes on and on. They all just have value because we give it value.
Yeah but money is backed by the government. That other stuff is not.
And yet they've retained their value much better than the US dollar
It was a much better system when it was backed by gold and our government. Now they can print as much as they want like they are currently doing. We have never printed as much money as we have now in the last year.
the question is, what is the problem you're trying to solve by moving back to the gold standard and what problems are you re-introducing by returning?
I am just saying that I liked the system we had before. No way in hell could we move back to it. The government couldn't just give away money on a whim and print to their hearts content. So it is a non issue.
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