Old Hippie Posted September 17, 2010 Report Share Posted September 17, 2010 What backs up the Thai Bhat? gold standard? Many here seem to think any good real currency is backed by gold...some say the USD sucks because it is not backed by anything...so what backs the Bhat? Link to comment Share on other sites More sharing options...
Coss Posted September 17, 2010 Report Share Posted September 17, 2010 LBFMs? Link to comment Share on other sites More sharing options...
Flashermac Posted September 17, 2010 Author Report Share Posted September 17, 2010 Sticky rice. Link to comment Share on other sites More sharing options...
Nervous God Posted September 18, 2010 Report Share Posted September 18, 2010 The LBFM Standard, more cuntries should use it! Link to comment Share on other sites More sharing options...
Old Hippie Posted September 18, 2010 Report Share Posted September 18, 2010 Ok, it is the end of the week...am I getting 60/1 yet? And seriously, can some knowledgeable mature person give a serious answer...? What backs the Bhat? Link to comment Share on other sites More sharing options...
LizardKing Posted September 18, 2010 Report Share Posted September 18, 2010 AFAIK, just like most every other country in the world: the word/credit of the country issuing the money. Link to comment Share on other sites More sharing options...
Old Hippie Posted September 18, 2010 Report Share Posted September 18, 2010 So, if I have it right...so much for the gold standard/audit theory? Link to comment Share on other sites More sharing options...
LizardKing Posted September 18, 2010 Report Share Posted September 18, 2010 I think you are confusing US with the LoS, but yes in both cases. Link to comment Share on other sites More sharing options...
Flashermac Posted September 18, 2010 Author Report Share Posted September 18, 2010 Yep, And everybody trusts the PRC government completely. Link to comment Share on other sites More sharing options...
Old Hippie Posted September 19, 2010 Report Share Posted September 19, 2010 I think you are confusing US with the LoS, but yes in both cases. I was trying to make a drunken point...basically neither is backed by gold, one is doing well, 1 is going in the tank...so, so much for the "it must be backed by gold to be strong theory" as you pointed out before... Flash, Hell no I don't trust those lousy heathen fuckers at all! Link to comment Share on other sites More sharing options...
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