They hate governmental manipulation of it. This isn't a requirement. It's just something we've fallen into. A fiat currency could easily be truly market based.
D Griff wrote: ↑Fri Dec 08, 2017 7:50 am
Dumb question, why is it called a fiat currency? Because Abarf?
fiat
[fee-aht, -at; fahy-uh t, -at]
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noun
1.
an authoritative decree, sanction, or order:
a royal fiat.
Synonyms: authorization, directive, ruling, mandate, diktat, ukase.
Basically fiat currency means that it's currency because we say (all agree) that it is.
The expression "rule by fiat" means to rule by decree, kind of like what Herr Cheato is trying to do with all his presidential edicts.
Where are these mangos?
Detroit wrote: ↑Fri Apr 16, 2021 1:19 pm
I don't understand anything anymore.
D Griff wrote: ↑Fri Dec 08, 2017 7:50 am
Dumb question, why is it called a fiat currency? Because Abarf?
fiat
[fee-aht, -at; fahy-uh t, -at]
Spell Syllables
Examples Word Origin
See more synonyms on Thesaurus.com
noun
1.
an authoritative decree, sanction, or order:
a royal fiat.
Synonyms: authorization, directive, ruling, mandate, diktat, ukase.
Basically fiat currency means that it's currency because we say (all agree) that it is.
The expression "rule by fiat" means to rule by decree, kind of like what Herr Cheato is trying to do with all his presidential edicts.
Thanks for the education, that's a vocabulary word that clearly went right out the window after the quiz in 7th grade for me.
fiat
[fee-aht, -at; fahy-uh t, -at]
Spell Syllables
Examples Word Origin
See more synonyms on Thesaurus.com
noun
1.
an authoritative decree, sanction, or order:
a royal fiat.
Synonyms: authorization, directive, ruling, mandate, diktat, ukase.
Basically fiat currency means that it's currency because we say (all agree) that it is.
The expression "rule by fiat" means to rule by decree, kind of like what Herr Cheato is trying to do with all his presidential edicts.
Thanks for the education, that's a vocabulary word that clearly went right out the window after the quiz in 7th grade for me.
Where are these mangos?
Detroit wrote: ↑Fri Apr 16, 2021 1:19 pm
I don't understand anything anymore.
fiat
[fee-aht, -at; fahy-uh t, -at]
Spell Syllables
Examples Word Origin
See more synonyms on Thesaurus.com
noun
1.
an authoritative decree, sanction, or order:
a royal fiat.
Synonyms: authorization, directive, ruling, mandate, diktat, ukase.
Basically fiat currency means that it's currency because we say (all agree) that it is.
The expression "rule by fiat" means to rule by decree, kind of like what Herr Cheato is trying to do with all his presidential edicts.
Thanks for the education, that's a vocabulary word that clearly went right out the window after the quiz in 7th grade for me.
I stumped Pecs this morning in OT with sobriquet.
Where are these mangos?
Detroit wrote: ↑Fri Apr 16, 2021 1:19 pm
I don't understand anything anymore.
[user not found] wrote: ↑Fri Dec 08, 2017 8:00 am
They hate governmental manipulation of it. This isn't a requirement. It's just something we've fallen into. A fiat currency could easily be truly market based.
Y'all seen the price of CAT stock? Started off the year at $100, now at $160. I should have bought that shit back in 2009 when it crashed to the $30 something range. Fawk.
Debating buying into Raytheon. I think the future of combat is drone based, and these guys make the best radar systems for such endeavors. They also picked up a drone company a year ago. Buying Lockheed was a good call last year, that's been steadily climbing and returning a nice dividend. I think this could be the same. Especially if rocket boy goes nuts.
Northrop Grumman would be another solid option as they got the contract to build the next stealth plane. They also acquired Orbital this year, so they're diversified. Orbital has been getting contracts to resupply the ISS, build solid rocket boosters for the new SLS rocket, etc.
I guess the problem with defense contractors is we're running out of targets. Israel will keep buying our shit though. North Korea is really the big wild card here but lesbihonest we aren't going into all out war with NK and their 6 million man military force.
Johnny_P wrote: ↑Tue Dec 12, 2017 9:44 am
I guess the problem with defense contractors is we're running out of targets. Israel will keep buying our shit though. North Korea is really the big wild card here but lesbihonest we aren't going into all out war with NK and their 6 million man military force.
I dont want to invest in "the problem" . I mean im sure i am via my 401k. But no more than that.
Johnny_P wrote: ↑Tue Dec 12, 2017 9:44 am
I guess the problem with defense contractors is we're running out of targets. Israel will keep buying our shit though. North Korea is really the big wild card here but lesbihonest we aren't going into all out war with NK and their 6 million man military force.
I dont want to invest in "the problem" . I mean im sure i am via my 401k. But no more than that.
With a Republican in office you bet your ass there won't be any decrease to defense spending for the next 3 years. Rocket based and aerospace defense at least. F-35 program will go on strong (and super costly). As will advancements in THAAD and interceptor missile systems.
Sad part of that is, we really need more funding to be directed to infrastructure improvements in the US. Bridge replacements, mass transit expansions, road repairs, electrical grid upgrades, etc.
I dont want to invest in "the problem" . I mean im sure i am via my 401k. But no more than that.
With a Republican in office you bet your ass there won't be any decrease to defense spending for the next 3 years. Rocket based and aerospace defense at least. F-35 program will go on strong (and super costly). As will advancements in THAAD and interceptor missile systems.
Sad part of that is, we really need more funding to be directed to infrastructure improvements in the US. Bridge replacements, mass transit expansions, road repairs, electrical grid upgrades, etc.
None of this is wrong. I cant even break out the #saltyfax