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Funny money
Message
From
21/03/2009 19:21:37
 
 
To
20/03/2009 17:05:51
Walter Meester
HoogkarspelNetherlands
General information
Forum:
Finances
Category:
Other
Title:
Miscellaneous
Thread ID:
01389874
Message ID:
01390303
Views:
61
>>>>>>>>>>>http://www.iht.com/articles/2009/03/18/business/fed.php
>>>>>>>>>>>
>>>>>>>>>>>"...a tactic that amounts to creating vast new sums of money out of thin air."
>>>>>>>>>>>
>>>>>>>>>>>how much more money can we print?
>>>>>>>>>>
>>>>>>>>>>Depends on how much would Disney Corp charge for image of Mickey Mouse on the $2384 bill (hey, got to adjust for inflation!).
>>>>>>>>>>
>>>>>>>>>>They're printing funny money ever since they declared that gold base isn't needed anymore. BTW, what happened with the Fort Knox gold - who was the last guy to see it? The crew of Goldfinger?
>>>>>>>>>
>>>>>>>>>Why isn't the U.S. receiving payment for the use of the term 'dollar' to denote the standard currency? We had it first. Seems like a copyright issue to me...hey maybe we can pay off the debt! :o) Oh wait a minute, 'dollar' existed in Scotland and even England before that so perhaps they would end up with the monies....hmmmm, better scratch that idea..... :o)
>>>>>>>>
>>>>>>>>The name dollar is derived from the dutch "Daalder" which was a dutch coin. So I guess the dutch hold the copyright :) You can send the payments for the use of the word dollar to my personal bank account :) ?
>>>>>>>
>>>>>>>During a visit to Innsbruck in Austria some years ago I was told that the word Dollar was derived from the german word Thal which means valley. In the old days people had to pay a tax or a toll to pass the valley in which Innsbruck is. What they had to pay was called a Thal Steuer or something like that. This Thal Steuer was quickly shortened into Thaler.
>>>>>>
>>>>>>Thaler got the name from Joachim Thal in Bohemia where first silver coinage started in 15th century.
>>>>>>Disclosure: I cannot verify it in Wikipedia right now.
>>>>>
>>>>>According to Wikipedia the name is from a mine in Joachimsthal, but I don't think anyone is 100% sure about the origin. So I guess everyone wants some credit (pun intended).
>>>>
>>>>So the name is right, sorry for wrong spelling translation. It is in Bohemia. First coins were called Joachimthalers, later Western Europe knew them as thalers and Eastern- joachims. I believe the latter name was also used in Sweden.
>>>
>>>I guess there is one "official" theory and many local therories.
>>
>>That would be strange. 15th century AD is not like 15th century BC. It's supposed to be documented better. Anyway, getting closer to our dollar, it is quite clear that it was 18th century Spanish coin, not Dutch (the latter supplied wrong spelling only). It is evidenced by $ (don't confuse with S) sign.
>
>According to wikipedia (dutch version), the dollar came largely from the dutch leeuwe-daalder (lion daalder). If you're interested you can buy one on ebay: http://cgi.ebay.nl/ws/eBayISAPI.dll?ViewItem&item=400023773607&indexURL=
>
>Also see http://en.wikipedia.org/wiki/Dollar

If you give a link then read it first.
"The German name Thaler comes from the Bohemian coin minted in the 16th century from silver mined at Joachimsthal in Bohemia. Not long after issuance, these coins gained the name Joachimsthalers. Subsequently, the coins were called "thaler" regardless of the issuing authority[1], and continued to be minted until 1872. The name is historically related to the tolar in Germany, the Reichsthaler in Slovenia (Slovenian tolar) and Bohemia, the daalder in the Netherlands, and daler in Sweden, Denmark, and Norway"
The next quote:
"The name "Spanish dollar" was used for a Spanish coin, the "real de a ocho" and later peso. It was worth eight reals (hence the nickname "pieces of eight"), and was widely circulated during the 18th century in the Spanish colonies in the New World, and in Spanish territories in Asia, namely in the Philippines. The use of the Spanish dollar and the Maria Theresa thaler as legal tender for the early United States and its fractions were the mainstay of commerce. They are the reasons for the name of the nation's currency."

It means that 'dollar' was born in Bohemia and came to USA through Spain.
Edward Pikman
Independent Consultant
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