our dollar has no value!

[research12]

In the longer term, yes. Point taken.

 

[scriabinop23]

Quote from daddyeaux:

not sure it makes a rat's ass who is running the asylum

totally bullshit chart. show me the buying power of USD in GB of memory.

 

[blackchip]

Most countries have fiat money nowadays.

Now if somebody backed it with oil or gold...

 

[Humpy]

Just like the Mogul and Roman Empires. They imploded from over-indulgence, over-consumption etc. etc.
Reminds me of somewhere

Wake up fatties of the civilized world - and start trying or you'll be history like the dinosaur. Big fat body and an undersized pea sized brain !!

 

[gnome]

Quote from daddyeaux:

not sure it makes a rat's ass who is running the asylum

Find 1913 on the chart. That's when the Federal Reserve was born.

In spite of people's general believe that the fed is supposed to "fight inflation", quite the opposite. THEY MANUFACTURE INFLATION... and destroy the purchasing power of our money. Duh!

If you can deduce (1) WHY they do what they do, and (2) WHO BENEFITS from this behavior, you'll be on the road to understanding the financial mess that is America today.

 

[amylase]

Quote from crgarcia:

A weak dollar is actually good for the US economy, as it makes exports more competitive, while discouraging imports.

So if the USD goes to 1000000USD = 1 Yuan or
100000000000000USD = 1 Euro that would be super wonderful for the US economy since US exports would flood the world and no one can compete with U.S. at these ridiculous low price levels?

competitive devaluation never worked.

 

[Rearden Metal]

Quote from blackchip:

Most countries have fiat money nowadays.

Actually, <b>every</b> single national currency in the world, without exception, is currently fiat paper.
The Swiss Franc was partially (40%) backed by gold reserves until 2000, when it unfortunately became 100% fiat like all the others.

 

[crgarcia]

Quote from bat1:

seems like nobody cares about the greenback anymore
So we work for useless money there's nothing
to back it up...we owe everyone else....in the world
if they called our bonds we could not even pay them!!





better buy a gun and rations soon

and gold!

Who cares about dollar weakness?
Only european hotels?

 

[gnome]

Quote from crgarcia:

Who cares about dollar weakness?
Only european hotels?

Short-sighted, smug comment. You're smarter than that.. at least I THOUGHT you were.

 

[jficquette]

Quote from bat1:

seems like nobody cares about the greenback anymore
So we work for useless money there's nothing
to back it up...we owe everyone else....in the world
if they called our bonds we could not even pay them!!





better buy a gun and rations soon

and gold!

Give me your dollars since they are useless.

John