US dollar - will keep on keeping on FTW

[Deliguy]

hehehe i can tell already this thread is going to progress into an even bigger argument.

But I don't get the tin foil hat joke. How does being progold standard make you a conspiracy theorist? I'm asking that in all seriousness hoping for an answer. We really do have a fiat currency and even though no one will dispute that a fiat system does work. i think everyone agrees it works on paper much like communism works on paper. It's greed that ruins it. How is that a conspiracy or in any way disputable? I think everyone can agree its not the ideal system we should have and even though we're stuck with it and don't have much of a choice in way of getting rid of it continuing in the fisad till our children can deal with the problem is the worst decision we can make right now.

 

[gopher]

All currencies are devaluing, its just that the other currencies have devalued more in this period of time. This gives the false impression that the dollar is gaining in value. It is not gaining in value. All this bailout crap will catch up, and when it does, the dollar will collapse.

Any why would the dollar collapse according to you? The US isn't the only one dealing with this issue, everyone is affected and everyone is pretty much doing the same thing.

 

[agatto2]

" You wont know who is really ever telling you the truth "

 

[Unarmed Gunman]

Cakes was closest to the truth. China could collapse the US, but they would be crushing themselves in the process. Without us, who's gonna buy all their garbage at Wal-Mart?

 

[conv3rsion]

PS, gold is not an "investment", it's insurance. I've been buying since it was $550, so I'm a little better than okay.

obviously then you have no issue with spreading paranoia about the US dollar since you will profit from it.

 

[Nikko]

obviously then you have no issue with spreading paranoia about the US dollar since you will profit from it.

Since when is telling the truth "spreading paranoia"?

No, you're absolutely right. Best to jam your fingers even farther in your ears, close your eyes tight and sing lalalalaaaa, everything is hunkydory, my money is safe in the bank, the goobermint has my back...

 

[guerilla]

Any why would the dollar collapse according to you? The US isn't the only one dealing with this issue, everyone is affected and everyone is pretty much doing the same thing.

Because the dollar is being massively debased with expansion of the monetary supply, in a way that no one else is doing. Right now, prices are falling, and banks are building reserves.

When they start lending again at low rates, they will flood the economy and drive up inflation.

The only way to combat that is to raise interest rates, but in order to do so, you will bankrupt everyone who is barely hanging on right now.

When the FED took the rate under 1%, and started buying up troubled assets and selling off Euro and other reserves, it backed itself into a corner. There are only two ways out. Super high inflation/dollar default or another Great Depression.