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View Full Version : The demise of the US dollar



mrveggieman
05-13-2011, 02:22 PM
Hey guys I was watching some of this online and was wondering have you heard about it and if so what is your spin on it?

http://www.stansberryresearch.com/pro/1103PSIEOAVD/LPSIM3CH/PR

mrveggieman
05-13-2011, 03:18 PM
This was a link that I discovered online. I did not put this up as spam. I was just wondering has anyone ever seen this before. Thanks.

*censored*
05-13-2011, 06:11 PM
I didn't check that link out yet (I don't have my headphones with me at the moment), but I have my views.

I believe the fiat money we have now is a load of bull. Why should I have faith in a dollar that's backed by nothing? It's worth something because the treasury says so and the people accept that? Thanks, but I'd rather have tangible goods to back my dollar. I'm a major supporter of being on the gold standard.

I have a jpeg that shows the demise of the value of the dollar, but I can't get it to upload to Photobucket in its full size. I'll see if I can find it elsewhere.

EDIT: Found it-- http://mises.org/images/SeanMaloneRiseFallDollarLarge.jpg

sanfran22
05-14-2011, 06:00 PM
I didn't check that link out yet (I don't have my headphones with me at the moment), but I have my views.

I believe the fiat money we have now is a load of bull. Why should I have faith in a dollar that's backed by nothing? It's worth something because the treasury says so and the people accept that? Thanks, but I'd rather have tangible goods to back my dollar. I'm a major supporter of being on the gold standard.

I have a jpeg that shows the demise of the value of the dollar, but I can't get it to upload to Photobucket in its full size. I'll see if I can find it elsewhere.

EDIT: Found it-- http://mises.org/images/SeanMaloneRiseFallDollarLarge.jpg
+1 for the gold standard....It's gonna take a zillion $$ to retire at my retirement age when milk costs 60.00 a gallon, lol.

*censored*
05-15-2011, 07:48 PM
That's why I don't mind the fact I have no major investments yet (I'm 27, I have some time yet) and laugh loudly when the stock market takes massive dips like in September 2008. I'd rather have tangible goods than money that has nothing to back it except "because we said so." If anything, I'll put the majority of my savings in precious metals, oil, and such. It's something that always has value and probably always will.