Why is plat so important????

[koros]

As a real life options trader/econ major, I declare this the worst thread I've ever read.

[Calabee]

I made 1-2m plat in 2 months on live during velious, never had to farm shit again till the day i quit in high end PoP, was kinda nice~

[melkezidek]

People have already mentioned a good amount of things plat is spent on. But 1 of the big ones is RECHARGING. Also Gems are used by manny classes for buffs required to raid. As well as items to Port to places like Hate/ Sky. A guild can burn through a lot of plat doing 1 raid.

[Alarti0001]

Originally Posted by Splorf22 [You must be logged in to view images. Log in or Register.]

US dollars are a fiat currency and in the end (2016-2020) will have 0 value.

The only way US currency will have 0 value is if scarcity no longer exists. 2050 is a more likely scenario.

[Kraftwerk]

Originally Posted by Alarti0001 [You must be logged in to view images. Log in or Register.]

The only way US currency will have 0 value is if scarcity no longer exists. 2050 is a more likely scenario.

We'll see what happens. The globe needs to continue using USD as the reserve currency, USD needs to stop being debased so heavily, and there needs to be some semblance of an attempt to try and keep US government spending under control. That's a lot of things that need to happen to keep status quo, I'm not holding my breath.

[Ravager]

Originally Posted by Alarti0001 [You must be logged in to view images. Log in or Register.]

The only way US currency will have 0 value is if scarcity no longer exists. 2050 is a more likely scenario.

And this will happen as soon as the banks let all the money they print out into the real economy. Right now inflation is being kept artificially low. We are going the way of the Weirmar Republic because of deficit spending and no regulations and transparency on what the Federal Reserve does. When hyper-inflation hits, and it will, the world will be run by the banks, because guess who owns most of the world's commodities...

[Splorf22]

Originally Posted by Alarti0001 [You must be logged in to view images. Log in or Register.]

The only way US currency will have 0 value is if scarcity no longer exists. 2050 is a more likely scenario.

The USD has already lost over 90% of its value since Nixon took us off the gold standard.

[Ravager]

Originally Posted by Splorf22 [You must be logged in to view images. Log in or Register.]

The USD has already lost over 90% of its value since Nixon took us off the gold standard.

The dollar started to lose it's value when the Federal Reserve was created, because from that point forward every dollar was printed as debt. Debt that is paid for by Federal Income Taxes (that's right, if there was no Federal Reserve, there would be no 16 Trillion Dollar Debt and you wouldn't be paying 20% of your paycheck to pay the interest on that debt). If there was no Federal Reserve, the dollar would only be worth a small fraction less than it was in the early 1900's, because the inflation would have matched the amount of new gold coming in the market which would have been less than 1% per year.

[Frieza_Prexus]

Originally Posted by Ravager [You must be logged in to view images. Log in or Register.]

The dollar started to lose it's value when the Federal Reserve was created, because from that point forward every dollar was printed as debt. Debt that is paid for by Federal Income Taxes (that's right, if there was no Federal Reserve, there would be no 16 Trillion Dollar Debt and you wouldn't be paying 20% of your paycheck to pay the interest on that debt). If there was no Federal Reserve, the dollar would only be worth a small fraction less than it was in the early 1900's, because the inflation would have matched the amount of new gold coming in the market which would have been less than 1% per year.

Yet the population grows at closer to 3% leading to more overall demand relative to the money supply (EDIT: UNDER A GOLD STANDARD) which grows at 1% leading to a deflationary economy.

Who here is brave enough to ride the bimetallism horse?!