What could cause something like that to happen?
2007-03-19 18:46:01 · 12 answers · asked by The Lamb of Vista 3 in Arts & Humanities ➔ Philosophy
Currency is something that you give in exchange for something that you want. You will always want at least the bare essentials of life (eg. food, water, shelter, etc) and so there will always be currency of some sort that will have worth. It can be goods... your own physical abilities... love... deception... Printed money just happens to be the most convenient and acceptable at this time. If printed money as we know it today became worthless something else would take its place but the underlying concept would always remain. Printed money is just a superficial abstraction.
2007-03-23 18:27:07 · answer #1 · answered by ox4a64 1 · 0⤊ 0⤋
It is worthless now. The only value that money has is the value that we place on it.
Place a note on the table and step back, now forget what you think it is and regard it for what it truely is. What do you see? Do you see food, clothing, shelter, companionship, etc. Or do you see a peice of paper (or plastic) with a number on it.
Money has no value unless we say that it does. Therefore if we say that money has no value it will have no value. If we say that money is the most important thing then it will be the MOST important thing. The value of money is all in our heads and that is where it will always stay.
So what will ahppen if something tht is worthless loses its value? Nothing. What will happen is something that people believe has value loses its value? Mass chaos.
Hope this helps.
2007-03-19 18:57:20 · answer #2 · answered by Arthur N 4 · 2⤊ 0⤋
We'd have to go back to the barter system if we weren't using money at all...
Printed money is already nearly obsolete. Everyone pays on credit or debit. My paycheck goes directly in the bank & all my bills are paid automatically from my account. It's all electronic. I rarely carry any cash. I pay everything with cards. It's possible that one day printed money will be phased out...
2007-03-19 19:18:48 · answer #3 · answered by amp 6 · 0⤊ 0⤋
It is only worth what we believe it to be worth, a collective faith if you will. I think it would be a lot harder to shop, since bringing 6 oxen into a supermarket would be a problem, but most women would find that they were sitting on a goldmine.
2007-03-19 21:03:34 · answer #4 · answered by BANANA 6 · 0⤊ 0⤋
sturdy question! we'd all ought to apply our very own qualifications and skills with a view to stay to tell the story so as that we are in a position to barter, because of the fact the 1st answerer suggested. Social hierarchy in keeping with wealth and cloth possessions might all be shattered. it might rearrange the way we view one yet another and ourselves in the international. people may be judged with the help of another nicely-known than their earning skill. it might rather be something to work out.
2016-10-19 03:37:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
what could cause that?
a great war where every country's money is blown on war fare. money would keep being printed, but it would no longer have any worth because the gold for which it represents is all gone.
or............
we find out all that gold in...sutter's fort i think it was? doesn't exist
i don't know. don't listen to me.
2007-03-19 18:56:13 · answer #6 · answered by Mushaboom. 4 · 2⤊ 0⤋
Well, we start using coins then instead of printed money!!!Or like someone rightly said, we trade sheeps, goats etc..!!
But we ain't there yet so let's enjoy what we have and so long we have it!!
2007-03-19 19:53:42 · answer #7 · answered by Preez 1 · 0⤊ 0⤋
Money has value that people/govt's decide it has. So for that to happen, all human beings in power of every govt would have to simultaneously agree.
2007-03-19 19:05:42 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Gold and silver would be the new currency then.
2007-03-19 19:02:18 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Eventually we'd find something else to trade with.
2007-03-19 20:08:55 · answer #10 · answered by itsSCIENCE 2 · 0⤊ 0⤋