Quote from: johnyj on January 15, 2015, 11:18:28 PM

Quote from: devandtech on January 15, 2015, 10:21:34 PM

Quote from: johnyj on January 15, 2015, 01:21:48 AM

Quote from: devandtech on January 14, 2015, 02:31:13 PM

USD is the most stable currency in the world. Don't think that will change soon.

There is no such thing as stable currency, value is all relative, a scientific unit of value only exists in people's imagination. People tends to believe that their domestic currency is the unit of value, but not any foreign currency. So for a Japanese people, USD is not stable at all since it rose a lot against Japanese Yen recent years. Similarly, it rise against Rubble and petroleum by 50% in one year, while it fell against bitcoin by 1000% in two years

I don't follow. I say USD is stable because it is the closest thing to a universal currency. We don't have a gold standard anymore. Everything is calculated in terms of dollar amounts because it is the most stable.

Gold is the closest thing to a universal currency for thousands of years. Dollar has fallen against gold and lost 96% of its value since 1971, its value is an illusion, since it is created out of nothing. you can have an illusion for as long as you believe it, and there are many people who believe in its value because they simply don't understand how money works. Banks have created so many illusions to hide the truth and average Joe has no way to get it

Things evolve. Deal with it