Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

 "Pay to the Bearer" (ZIM Bonds) by MenoReno 9/10/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Buy and Sell

"Pay to the Bearer" (ZIM Bonds) by MenoReno 9/10/19

Go down

 "Pay to the Bearer" (ZIM Bonds) by MenoReno 9/10/19 Empty "Pay to the Bearer" (ZIM Bonds) by MenoReno 9/10/19

Post by RamblerNash on Tue Sep 10, 2019 10:28 pm

According to MarkZ's buddy Fleming, what makes the Zim trillion notes bonds is that they say 'pay to the bearer' on them. 

Well, he's right about that phrase being on the notes, at least. However, that alone does not make them bonds. If he had taken his own advice and done a little research, he would have found out that because fiat currencies have no inherent value to them (only worth the paper they're written on), they only have value because countries back them legally by saying they are payable on demand to the holder.

The zim notes are currency, not bonds. They were issued as currency and are supposed to be in the first basket with the other fiat currencies. We will exchange them, not cash them in like one would do with a real bond.

At least, that's our hope.

MenoReno
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 17157
Join date : 2015-02-19

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum