Earlier quoted context omitted.
Because the chassis is connected to ground (as in, a literal grounding rod hammered into the soil) and by definition your 0V reference point. The crucial difference is the direction in which the current is flowing: is it going "in to", or "out of" a hot wire? This becomes rather important when those wires are leaving the building and are buried underground for miles, where they will inevitably develop minor faults. W…
So, there is a true value for 0? Does that mean when you have electronics and use multiple dc-dc converters all the inputs and outputs share the same ground, it's not just the values for that pair of wires? And if I want to use a telephone on an incorrectly wired 48dc circuit, I could switch the positive and negative wires, as long as the circuit in the telephone is isolated and never touches ground? Thanks. Somehow…
No, it depends on the converter. There are converters that leave 160V on the DC power rail for a 110V AC input, and 155V on the DC "ground" rail.
They are economic and you could find then when galvanic isolation is at least in theory not important, but they're terribly unsafe when used on PCBs that people might muck with.
If you have some "normal" converters and some of this kind, sharing the ground would be quite dangerous.