Interestingly, Taiwan has one of the lowest big Mac prices but that doesn't really correlate with their purchasing power

Far too coherent, this was definitely written by an intern not DJT himself. ;-)

Not NEARLY enough ALL CAPS

I dunno, I wouldn't take a bet on wether the US will outlive McDonald's or vice versa.

Also, the gold standard was based on trust too. You trusted that the government would honour your request to exchange dollars for gold. There was nothing magical about being on the gold standard.

Money is just IOUs created by the government. The government uses them to pay for goods and services it wants. If the government wants someone to guard a building, they pay in IOUs. Then, every year, the government taxes everybody in the country and demands that they return a certain number of government IOUs to the country. It's this obligation to pay taxes that gives their IOUs their value.

The person who was paid to guard a building is left holding a pile of IOUs. Fundamentally, they're worthless. But, there are other people in the country who have to pay taxes and aren't doing jobs for the government. So, the guy with the IOUs goes to the farmer and says "I know you're going to need to pay taxes and don't have any IOUs, I'll trade you some of my IOUs for some of your vegetables". After that exchange the farmer has enough IOUs to pay the government at tax time, and the guard still has enough to pay his own taxes.

Honestly I'd bet McDonalds will outlive the US government. It's one of those companies that is literally too big to fail

Yeah my first thought was "dang that's neat how do I get the coin?" and I don't even like Big Macs.

Edit: they're available on eBay for $10 or less, some below $5.

It's working, I want a Big Mac coin! McD messed up my order plenty of times, and I never got a voucher, they just fix the problem. And I'd feel weird pretending to be upset, just to get a nice shiny Big Mac coin.

Bout fucking time

Even so, in a scenario where all the currencies fall apart, Gold and Silver are very probable to become the basis of wealth.
Nowadays, stuff like SiIicon and Copper are pretty high value (and similarly, Germanium), but they really depend a lot upon hard to measure purity which goes with high-technology.
So Gold and Silver, which are easier to determine with lower technology (unless someone uses high-technology to spoof them) and also easier to make into useful products, will tend to hold intrinsic value.

Value of iron and others, break down due to abundance, while steel depends upon technology and expertise.

The word "fluctuating" implies the price of gold has been going up and down. That is not what has happened since the Commander-In-Thief took office.

Market price of one ounce of gold over the last five years:

Gold is nothing but an uncertainty indicator proxy, if gold price goes up, people are unsure in the market and future returns and thus buy gold, if the price is low the market and economy feels stable and people don't buy gold

It's like Schrodinger's Currency.

It's either full value or zero value.

You either get a big Mac or McDonald's decides they are no longer accepting coins, or rather no longer accepting them from you.

I guess in a way - that is all currency 🤔

We got McBretten Wood system before gta vi

You don't have to eat it, just like you didn't have to exchange your money for gold.

You can pay me for you not to eat it. Thats fine

People traded black market food-voucher derivatives in the Brazilian hyper inflation...

It made it easier to redeem all of them as soon as you got a hold of them, because they wouldn't buy the same thing through the entire month. Natural gas vouchers were more stable, though, so those only traded at face value.

You don't have to like them. You just need to believe that there is someone that believes there's someone that likes them. Simple.