A Lesson on Exchange

While at the Reno Aces game the other day, the sound effects guy queued up the sound of a chicken clucking. A spectator quipped that Sue Lowden must be in the house. Another fine example of the parrotting of the ill-informed.  Let it go already.

A little history on bartering for the less educated, sound bite crowd.  The exchange of goods and services has been around thousands of years longer than what you use today, paper money, the subjective value of which can be rendered useless at any time.  Barter is still in use today by may cultures, even our own, even in Reno.  Paper money, not so long ago, was also tied to a tangible asset.  Anyone remember the term silver certificate printed on our very own bills?

As our government continues to print money, it destabilizes it's worth and our credit on the global scene.  As our debt rises, counties heavily invested in our debt will seek better returns and may possibly seek to abandon the dollar as the currency standard all together.  If this increasingly plausible scenario plays out, what left you have of that retirement fund  you may want to use to keep yourself warm.  You may want to take inventory of what you have to trade for food and shelter.

For the sake of facts, comment on context and content, not on sound bites.