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Impending Collapse of US Dollar & Rise of a Dictatorship (article)From: Steven
Subject: Philosophy
Date/Time 2010-01-29 13:02:43
Remote IP: 76.252.64.81
MessageI agree with your point-of-view.
Money has value because people commonly agree and believe it does.
This holds true for gold, or for bead-and-shell necklaces for that matter.
We all agree that dollars represent a certain worth, and that's
what keep 'em alive. People believe they have value. The government
can continue to pile trillions onto the national debt yearly, but
the bottom line is, those astronomical dollar values don't carry
much meaning with the average American. Thus, it's not going to
affect how much value Americans place on dollars.
The only way there is going to be a REAL problem is if skyrocketing
deficits trigger fears in Americans and cause them to doubt the value
of dollars. Then the game changes.
But as long as people feel that dollars are worth something, they are.
Also, as far as trading dollars for gold for security, think of
this . . . supposing there were a famine, what's more valuable:
gold or food? You can have tons of gold and still starve. In
a true crisis, your loaf of bread is more valuable than my gold
bar, and you may not part with your loaf of bread no matter how
much gold (inedible) I offer you.
So, in other words, I don't know that it's worth worrying about.
If things collapse, they will. And life will go on. It always does.
S
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