The Bank of Japan just added 10 trillion Yen last week

Darthvader

purch wrote: »

Where did you dream up that number ??

How are you defining a unit ?

One Dollar equals 1 Turkish Lira ??

You cannot expect anyone to take your posts seriously if you insert unsubstantiated rubbish like that.

I have seen that figure a few times, I will try and find a link. Yes its hard to define a unit of fiat currency, like 100 Japanese Yen or 100P or 100c.

Whatever the figure is, there is a lot more US $ all around the world than any other currency. But this has nothing to do with my point, so go ahead and think another currency is in greater supply.

My point is that the present monetary system NEEDS to keep expanding to survive. Nothing can expand indefinately. The present system is unsustainable so it will not be sustained.

Darthvader

Purch and Gen I also have discovered something about the names of nearly all the currencies in the world. They nearly all are named after silver which has been money through out the world. Be interested to hear your thoughts.

A short presentation of my dicoveries for a project Im working on here -


The dollar is the name of the unit of currency used in the USA, Australia and others, formerly also Zimbabwie but that one has already collapsed. The dollar gets its name from a small silver coin minted during the middle ages in a small Vally or "thal" the silver coins were simply called "thalers" and eventually came to be called Dollars in English language.

The Pound used in the UK, modern day Egypt and Lebanon amongst others refers to the weight of silver. Originally one Roman pound was 12 ounces of silver. The UK currency called the pound sterling refers to a pound of sterling silver. Interestingly the Pound sterling notes still today have strips of silver running down them, as do many of the worlds currencies including the Euro.

The name for the currency in Turkey and Italy before the Euro is Lira which comes from the latin word libra which is the same as pound, so comes from a pound of silver also.



In Spanish speaking countries the word meaning weight is Peso. Originally the silver coins used in Spanish territories were called peso de plater. Now these Spanish words meaning weight of silver used to describe the currencies in many countries of Latin America including Mexico, Argentina, and Chile.

The German Mark and Finish Markka derived their names from the small marks that were cut into silver coins to indicate their monetary precious metal content.

The real in Brazil, the riyal in Saudi Arabia and Qatar and the rial in Iran are all derived from the Latin word regal(is), referring to the royal origin of the early silver coins. The dinar used in Iraq and Kuwait among other countries derives its names from the denarious a Roman silver coin.

In India Pakistan and other countries neighbouring the subcontinent, the currency is called the rupee. In Indonesia it is called the rupiah. The name comes from the sanskrit word Rupya All meaning "coined silver".

Lastly but certainly not least in importance nowadays the Japanese Yen and Chinese Yuan are both derived from an ancient Chinese word Yiam, meaning "Round" or "small round silver coin". The one Yen coin today is small silver coloured coin.

Also the @ sign has origins from the 16th century to describe the arrival in Spain of three ships bearing silver from Latin America.

Radiantsoul

Darthvader wrote: »

Sorry for the adverts they werent intended.

You acidentally posted an advert?

purch

Radiantsoul wrote: »

You acidentally posted an advert?

When you are furiously cutting and pasting other peoples thoughts and opinions such things can easily slip through.

purch

Nothing can expand indefinately

The Universe has :eek:

Radiantsoul

purch wrote: »

When you are furiously cutting and pasting other peoples thoughts and opinions such things can easily slip through.

I guess pre-internet this would involve cuttings from hundreds of newspapers all stored in shoe boxes.

purch

Darthvader wrote: »

I have seen that figure a few times, I will try and find a link.

Yes I have read similar nonsense too.

I read much of the same stuff you do, but I do so realising that maybe 10% of the "facts" they state are correct and in context, maybe 50% are correct but totally out of context, and the rest pure fantasy.

So finding a link to such a website or blog will not prove anything at all, especially as no doubt there will be no context, such as the US accounting for 23% or so of the entire GDP of the World.

Darthvader

purch wrote: »

The Universe has :eek:

Where is your proof

Some dodgy internet nutter told your mate down the pub so it must be true:rotfl:

Any way Purch what do you make of my findings about the names of currencies?

purch

Very interesting.

I had not previously known about the origins of Rupee/Rupiah, Real/Riyal or Yuan/Yen.

Thank you.

wotsthat

Interesting research. Looks like most of the components are in place for a very boring silver themed pub quiz.