The Death Of The Dollar Is Now Inevitable »
Posted By Revelation1412 8 months, 1 week ago in Business & FinanceAre we going to witness the death of the dollar in our generation? The truth is that any major currency not backed by gold in the history of the world has eventually failed, and the actions currently being taken by the U.S government and the Federal Reserve are speeding up the day when the dollar will collapse as well.
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CRYMTYPHON8 months, 1 week ago
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"The truth is that any major currency not backed by gold in the history of the world has eventually failed"
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The dollar has not been tied even by theory, to gold
in half a century; nor have any economies of importance.
But the dollar has not failed; nor the euro;
nor did the older marks and liras and pesos
unless the nation lost its ability to produce
through war or civil strife.
A modern currency is a unit of measure for the total worth of the nation that issues it.
Which is a much saner, sounder value than how much shiny metal is stuffed in a vault. -
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Albmore8 months, 1 week ago
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With the Feds printing like crazy the dollar will fall. This and the fact that other nations are pushing for a new world currentcy to be as standard. Along with the fact that China can call on its debt or just stop buying the debt. We no longer are a production nation. These are just a few reasons why the dollar can fall.
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doppich8 months, 1 week ago
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"Falling" is not the same as "dying," though. There is no doubt the dollar must fall in relation to the artificially low yuan. This will mean a hit to the American standard of living as well as to the real value of China's reserves. But for floating exchange rates to work, all major currencies - which now includes the yuan - must float.
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tadair9198 months, 1 week ago
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CRYMTYPHON8 months, 1 week ago
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Gold is not money.
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It is only metal that is worth a certain amount of money.
It goes up or down in worth, according to its scarcity.
The scarcity depends on those who collect it.
Your gold has value only in terms of real currency.
Dollars, Euros, Yuans: units of national worth.
Which are the final say in the matter.
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Albmore8 months, 1 week ago
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doppich-how does a nation that no longer produce even begin to raise the money to repay? At the same time the world money system starts to rise so will the interest rates. Sooner or later we will not even be able to afford the repay the interest and that is the end of the dollar. Almost all economist, even those for this plan says it will run us trillions in debt for atleast 10 years. This means a typical daughter at age 21 will still have the burden for repaying this debt while trying to raise her own family at the age of 30. This is also only possible if we begin to produce and sell which is not guarenteed.
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The Fed is producing more money to buy OUR debt. That means we are borrowing from OURSELVES to pay OUR debt. Any normal thinking person can see this CANNOT work. -
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prophyporcritesComment removed: Spammer, Hard Banned
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Albmore8 months, 1 week ago
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sonofreason- you are correct. Every new dollar printed devalues its worth because there is nothing to back it. The (Long Term) effect will be hyper inflation. Of couse China covering much of OUR debt will be very unhappy. May I also remind everyone Japans problems with the US prior to the bombing of Pearl Harbor were not politcal but economic differences.
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