When money dies

[countryfree]

Kind of misleading.

Fiat might die, but money will not. Society always find a way to exchange good using a medium of exchange (aka money).

Let's be more precise: one currency can die. This is what happened in Germany 90 years ago.
All currencies are not equal.

[1714864265]

1714864265

[DhaniBoy]

many factors that can make a fiat currency can die, but not all factors may occur simultaneously and not necessarily those factors could apply in a country, a factor which makes the currency of the country may die, distrust of the currency markets that exist and exchange rates the very little impact on currency trading that are excellent as the dollar ... 

[pereira4]

The only talked about alternative to "no money" is RBU. Going back to gold standard is even more delusional than that.

[ARadzi]

There are so many reasons that one currency could die. And if that happens, it would simply be replaced with another one. Paper currency is backed-up by an issuing countrys gold reserved, thats why they cant just print money. Over printing would lead to a lower value of that currency.

[nikkoy]

when money dies we all get back to barter economy or other

[worle1bm]

when money dies we all get back to barter economy or other

Man, it sure would be easier if we could barter using an efficient means of exchange that everyone recognized...

[TheMasterKey]

Yeah btw, money as in paper money is dying a slow painful death, it will take decades but it will die, it's brain dead and on machines now kept alive by banksters and conmen in the governments.

[worle1bm]

Yeah btw, money as in paper money is dying a slow painful death, it will take decades but it will die, it's brain dead and on machines now kept alive by banksters and conmen in the governments.

Thanks Nostradamus. Any other vague claims?

[pattu1]

Yeah btw, money as in paper money is dying a slow painful death, it will take decades but it will die, it's brain dead and on machines now kept alive by banksters and conmen in the governments.

Thanks Nostradamus. Any other vague claims?

Just look at the amount of physical money (notes and coins) versus the total money supply. If everybody tried to withdraw their money from banks, it just wouldn't be possible. Paper money has been replaced by 1's and 0's on a network.

[Seketsuna]

money never dies 

[JackRipper]

In 1914 there was a minor increase in the wholesale price index. That index, with a base of one in 1913, had increased to 2.45 by the end of 1918. Beginning in 1919, the speed of the inflation increased, advancing to 12. 6 in January 1920; 14.4 in January 1921 and 36. 7 in January 1922. By the second half of 1922, that index stood at 101 in July; it was 74,787 in July 1923 and 750 billion on 15 November 1923.

A good read:
http://mises.org/daily/6945/When-Money-Dies-Germany-and-Paper-Money-After-1910

Very interesting article. Thanks for sharing.

[Useli Violent]

why do we even play games with money printing and interest rates, working so hard to prop prices up.
lets just skip right to a north korean command economy model and dictate what the price of everything should be and be done with it.

Bingo!

[picolo]

In 1914 there was a minor increase in the wholesale price index. That index, with a base of one in 1913, had increased to 2.45 by the end of 1918. Beginning in 1919, the speed of the inflation increased, advancing to 12. 6 in January 1920; 14.4 in January 1921 and 36. 7 in January 1922. By the second half of 1922, that index stood at 101 in July; it was 74,787 in July 1923 and 750 billion on 15 November 1923.

A good read:
http://mises.org/daily/6945/When-Money-Dies-Germany-and-Paper-Money-After-1910

I will read the article, thanks.

When USSR wanted money to disappear through inflation it went bad. When the USD, EURO and Yen  will implode, people will still be able to exchange Gold and Bitcoin

[BAGOBO]

Money can die,
maybe yes...

Money just made by wood

But we can use other medium transaction like gold or silver

[piike2323]

And that is why we have bitcoin coming into the picture now

Not so fast. The only thing most people do with the bitcoin is buy money. For as long as bitcoin is tied to fiat it will not become real money. To make bitcoin real money we need to create an economy around it. This means we need to trade bitcoins not just simply for goods at a store but also for property such as cars and land. In addition the bitcoin will need to enter the stock market. As of today the bitcoin cannot replace money.

[Justine]

One one currency fails, another take over. Money will never die.

[neurotypical]

One one currency fails, another take over. Money will never die.

Year 3000. Once automation has replaced 99% of human labour... where is the place for money there?

[Foxpup]

One one currency fails, another take over. Money will never die.

Year 3000. Once automation has replaced 99% of human labour... where is the place for money there?

Human labour is only part of the production process. The process can be automated, but production itself still requires energy, raw materials, and real estate, all of which are in finite supply and must therefore be traded in some way (such as money).

[cbeast]

One one currency fails, another take over. Money will never die.

Year 3000. Once automation has replaced 99% of human labour... where is the place for money there?

Human labour is only part of the production process. The process can be automated, but production itself still requires energy, raw materials, and real estate, all of which are in finite supply and must therefore be traded in some way (such as money).

Year 3000. Once all of the Earth's natural resources are mapped, quantified, and there is no need for labor, who decides what is traded and its price?

[Foxpup]

Year 3000. Once all of the Earth's natural resources are mapped, quantified, and there is no need for labor, who decides what is traded and its price?

A subspecies of Roko's basilisk that charges obscene prices to people who opposed the automation of all labour?