U.S. Dollar is the new 'Tulip'
...Again referring to tulips, when they first became money, they were both rare and precious. They were originally few in number and since they were originally traded as flowers they were also beautiful (or “precious”). However, when the Dutch began to produce tulips in vast quantities and they also ceased to be “precious” (because they were now traded as bulbs), tulips lost the essential qualities of “good money” - and quickly became worthless.
Regular readers will recall that I have previously provided the criteria for “good money” in previous commentaries. There are four necessary qualities which all money must possess, or else thousands of years of history teaches us that such “money” is doomed to fail as a currency.
In addition to being “precious” or rare, good money must also be uniform, evenly divisible, and “a store of value”. The properties of being “uniform” and “evenly divisible” are basically self-explanatory, but I will spend a moment to illustrate the importance of money as a “store of value”. This refers to the requirement that “good money” must retain the wealth of the holder. For example, over a span of centuries, an ounce of gold has been sufficient to buy a fine, man's suit. Conversely, the foolish Dutchman who traded his bed, a suit of clothes, and a thousand pounds of cheese for a tulip bulb, suddenly woke up one morning and realized that all he was holding as a replacement for that wealth was one, common flower...
Deutsche:
US-Dollar ist die neue "Tulip"
...Lassen Sie mich einen Moment dauern, bis die "Relative Value"-Argument-Adresse, die weiter von der US-Propaganda-Maschine auf einer täglichen Basis, um vermeintlich "erklären", warum der US-Dollar hat sich schnell gegenüber dem Euro in den letzten Tagen geschätzt / Wochen. Per definitionem, konnte keine "Währung" immer, vielleicht weniger wert sein als Null. So ist es unmöglich, zu argumentieren, dass der Dollar wertlos werden könnten mehr wert als der Euro. In der Tat, die gesamte Aufwertung des US-Dollars gegenüber dem Euro in diesem Jahr können bis zu vier feste Monaten rund um die Uhr Panikmache von der US-Propaganda-Maschine zurückgeführt werden. Sie haben nicht einmal eine verdächtige Sinn haben zu glauben, dass eine der wichtigsten Motivationen für diese Propaganda-Kampagne, um die Marktteilnehmer von den offensichtlichen und inhärente Wertlosigkeit des US-Dollars war abzulenken...
