World News
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
- Blogsites are treated in the same manner as social media sites. Medium, Blogger, Substack, etc. are not valid news links regardless of who is posting them. Yes, legitimate news sites use Blogging platforms, they also use Twitter, Facebook, and YouTube and we don't allow those links either.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
view the rest of the comments
Gold is supposed to represent something finite that's hard to dig out of the ground. It's like the antithesis of fiat currency that way. i think of it like a hedge against the dollar like with some cryptos. That said I only think US civilization would collapse while the rest of the world moves on or divvies up its corpse.
That is valid for many other resources: iron, silicon, carbon, carrots whatever. Gold has always been attributed some special value, throughout history. That is ok. I don't think US civilization is going to collapse, why would you think that?
Gold has always been valued because it has some important attributes that few, if any, other substances have.
It won't tarnish or oxidize, so it will look just as shiny and beautiful a thousand years from now.
It is extremely malleable, easily crafted into any shape. It can be hammered thin enough to be a foil, or drawn into a wire as thin as a human hair.
It has a relatively low melting point, making it easy to cast.
It is extremely conductive, and is the conductive material of choice when price is no object.
There are other unique properties, but the point is that much of Gold's value derives from being significantly, even uniquely, different from most other substances, giving it an intrinsic value beyond its monetary value.
How many things relevant in your life are made out of gold? I guess jewellery, computer and phone. Real things that matter to people the most are completely unrelated to gold.
The fact that it is a material that does not degrade makes it a good choice as a vector for value. It is good to be used as money for that reason. If you use iron as money it will eventually rust out and leave you broke.
The other properties of gold are quite irrelevant to the fact that it has been selected (over and over again through history) as a value vector.
My computer and my phone are preeeeeeeeeetty important to my life, though.
Indeed, that is out of question. The matter of discussion is that the value of gold is attributed and not intrinsic, since gold does not really cover any fundamental human need. Besides, gold is not strictly required to make computers.
seeing as how it's used in corrosion-resistant connectors in things like planes' jet engines and transit systems, probably also in many of the electrical systems keeping every city on the planet running, I'd say that gold is quite important to society continuing to function.
I really don't know what you're talking about. I'm sorry, I am not American and I do not know who Bannon is. I hope full control of the media won't be a thing, but how is this related to gold?
Sorry, that post was an answer to a different question. I don't know how it dropped here.
... Which is why historically it is used as currency... kinda burying the lede there.
Bottle caps (fallout franchise), cigarettes, ramen packets (prison), sea shells (aka wampun in some Native American Cultures), salt (early scarcity) and gold are "valuable" because they are used as currency, where they are given value in excess of their actual ability to be used.
These attributes are not specific to gold alone, many other metals, jewels also share the same attributes of being able to used as currency due to their ease of division, relative scarcity and not rot aka "ability to store value" as the egg heads say.
Suffice to say, gold isn't valuable because it is gold (I can eat a ramen packets, smoke a cigarette) it isn't valuable because it is backed by. the government (we explicitly use it because it isn't fiat) but rather it is valuable because IT WAS MONEY, because carrying 500 cheese wheels isn't a thing irl.
I can point you to further reading, but just about all MacroEcon text books will cover this in the first chapter.
I was understand ALL of that, but the point is that Gold carries a significant value over and above its monetary value, and that's part of the reason that it has remained among the most desirable, and most popular, precious metals throughout history.
The very article linked to this post talks about civilizational collapse of the US similar to the Roman republic.
Gold as a unit of currency is only about 2500 years old. Prior to that it was used heavily in jewelry and adornments. Probably because it's not good for much else and it happens to be fantastic as a jewelry material. It's shiney, doesn't tarnish, and is easy to work with hand tools.
The association with wealth probably came about as a result of being associated with expensive jewelry.
To be clear, modern historians do not look for piles of gold to determine relatively how wealthy a society was. They look at their ability to produce grain and other things that facilitated trade. Because gold is only valuable as a mechanism to facilitate trade. To a civilization more worried about feeding itself than foreign luxuries, it's quite worthless.
I wonder if Kraft Macaroni would become the currency of the Greater Depression?
2500 years ago we didn't have computers and cell phones. We do now, and they all use gold.
They also use silicon, platinum, copper, iron, cobalt, and glass, what's your point?
I run a CNC mill every day that has aluminum wiring.