online games, multiplayer games
Simcountry is an Online Digital World where you are the President of a country.
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What is Simcountry?

Social Security index (Fearless Blue)

Simcountry: Simcountry Bulletin Board  Social Security index (Fearless Blue)

God Damn Hippies (Fearless Blue)

Thursday, April 14, 2005 - 07:36 pm Click here to edit this post
shiekh, take currency out of the equation. now how do you value gold? what is it's worth in say, oil?

the value of a countries resources is determined by the amount they can extract in a given time frame. in other words, GDP. Iraq was unable to support a strong economy because it's leaders were stupid, and the world had economic sanctions on them. they were only producing a fraction of the oil they should have been able to. thier money was valued low because thier production was low and thier GDP was low.

I'm sorry, but I'm still of the opinion that the value of money is just a number. It has more to do with reputation than any asset backing.

your absolutly correct, it is just a number. but it has backing and that backing is its reputation as being the currency of a strong industrial and economic nation.

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