I agree with you that all this accounting business is a horrible headache,
and that is the problem. Little guys can more or less just ignore it and
hope the IRS doesn't find out and if they do hope the IRS just doesn't care.
But if you are big company that does 1000s of transactions a day, e-gold
would drive your accounting department bonkers. And they just can't ignore
it and hope the IRS doesn't find out.
On Wed, 20 Dec 2000 10:12:54 -0800, [EMAIL PROTECTED] wrote:
> I totally see your point - and agree that is the way things should be
> done if we are to study and learn all the official rules. But I get a
> headache thinking about how inefficient the process is. In my scientific
> mind I just use grams.
>
> Looking at your example, who derives value from all that?? All I can see
> is that it supports a few bureaucracies. It provides no benefits to the
> company, except to help it fail. For my company, I just want to have
> good numbers to see where the money is going, how much I have and make a
> budget. That is pretty simple if using grams of gold. No worrying about
> currency fluctuation, inflation, deflation (well really you would - but
indirectly).
>
> To take your point further, with precision, we should include inflation
> & deflation in all our accounting on a minute to minute basis. Never
> mind the fact that the governments figures are widely discredited. And
> what type of inflation are we talking about? Financial, goods, services,
> M1, M3, oil, gold, all of them in a basket?
>
> The problem is all this stuff is relative to everything else and subject
> to differences of opinion.
>
> My point, taken to extremes, is to use the mass (not weight) of gold, so
> that even a budding moon colony or space craft will not feel
> disenfranchised. Mass is not relative to anything I know of and can't be
> messed with by governments.
>
> We have a global economy, despite all vested interests, efficient
> business evolution will eventually create a simple way to transfer
> value. We can either wait till someone officially says the obvious or do
> it ourselves.
>
> ~"Everything should be made as simple as possible, but not too simple."
> Albert Einstein
>
> If this post is worth 2 cents send me 2 milligrams instead: 110237 :)
>
> >
> > choose to ignore the whole thing, maintain limited records on a
> > few odd transactions, or don't use it at all because my head
> > is starting to hurt.
>
> ---
> You are currently subscribed to e-gold-list as:
[EMAIL PROTECTED]
> To unsubscribe send a blank email to
[EMAIL PROTECTED]
Glencannon Group Ltd.
http://www.glencannongroup.com/
[EMAIL PROTECTED]
[EMAIL PROTECTED] (for a more secure email)
fax: 419-710-4339
_*_*_*_*_
For an e-gold funded Debit Card: http://www.glencannongroup.com/genucap/
_______________________________________________________
Send a cool gift with your E-Card
http://www.bluemountain.com/giftcenter/
---
You are currently subscribed to e-gold-list as: [email protected]
To unsubscribe send a blank email to [EMAIL PROTECTED]
