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From: john larkin <jlarkin_highland_tech>
Newsgroups: sci.electronics.design,uk.d-i-y
Subject: Re: OT: EV Charging Stations Stripped of Copper Cables
Date: Fri, 12 Jul 2024 09:16:53 -0700
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On Fri, 12 Jul 2024 15:45:18 +0100, The Natural Philosopher
<tnp@invalid.invalid> wrote:

>On 12/07/2024 15:25, john larkin wrote:
>> On Fri, 12 Jul 2024 09:25:51 +0100, Joe <joe@jretrading.com> wrote:
>> 
>>> On Fri, 12 Jul 2024 12:18:39 +1000
>>> Bill Sloman <bill.sloman@ieee.org> wrote:
>>>
>>>> On 12/07/2024 7:48 am, Cursitor Doom wrote:
>>>>> On Thu, 11 Jul 2024 14:30:41 -0700, john larkin wrote:
>>>>>    
>>>>>> On Thu, 11 Jul 2024 19:33:41 +0200, Jeroen Belleman
>>>>>> <jeroen@nospam.please> wrote:
>>>>>>   
>>>>>>> On 7/11/24 13:00, Joe wrote:
>>>>>>>> On Thu, 11 Jul 2024 09:29:33 +0100 The Natural Philosopher
>>>>>>>> <tnp@invalid.invalid> wrote:
>>>>
>>>> <sdnip>
>>>>
>>>>
>>>>> What do you think all those homeless people are going to do when
>>>>> the debt bomb finally explodes and there's no more money for cops,
>>>>> the army - or anything else?
>>>>
>>>> What's a "debt bomb" and how would it explode?
>>>> As long as society keeps generating and exchanging goods and services
>>>> it's not going to run out of money, which is just medium of exchange.
>>>>
>>>
>>> What use is the means of exchange if you can't exchange it for anything
>>> meaningful?
>>>
>>> We are already past the point where the alternatives for many countries
>>> are default or hyperinflation, which is just s more spectacular form of
>>> default, and an involuntary one. It happens slowly at first, then all
>>> at once.
>> 
>> Inflation is a government's way to spend (and usually waste) money
>> that it doesn't have, by borrowing money that will never be paid back.
>> It is essentially stealing from its citizens, especially from savings.
>> 
>> It's dynamically unstable and often runs away. The thing about
>> inflation is that there's never enough of it. The more you have, the
>> more you need.
>> 
>> 
>> 
>> 
>> 
>The price of a loaf of bread, in terms of gold, hasn't changed in 600 years.
>A friend bought �10,000 worth of gold in 2004, Its worth �80,000 now

Gold is fascinating. As a chemical, it wouldn't be worth anything like
what is has always been. You can't eat it or build much out of it.

Given a starving village or country or world, gold won't feed people
by itself.

People talk about finding a solid-gold comet that's worth a trillion
trillion dollars. That's silly. It would grossly devalue the price of
gold.

Diamonds similarly have an undeserved dollar equivalent.

Money pinned to gold is fairly stable. It coud be pinned to a weighted
average of a number of things, steel and corn and oil maybe.