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01-16-2009 01:44 AM  9 years agoPost 1
InvertedDude

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USA

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01-16-2009 02:16 AM  9 years agoPost 2
tarro

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At my Computer

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Will the Federal Reserve have to sprinkle Pixie dust on the paper first?

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01-16-2009 03:08 AM  9 years agoPost 3
InvertedDude

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01-16-2009 03:11 AM  9 years agoPost 4
InvertedDude

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01-16-2009 04:22 AM  9 years agoPost 5
spaceman spiff

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Tucson

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History shows when a country prints money to cover debt it starts the run away of inflation that will cause us to work a day wage for a loaf of bread.
I suppose that is true.

History has also shown that if the banks stop lending (as they did in the great depresion) you still end up not able to get that loaf of bread.

There is a lot of uncertainty on either side, but If the govt can somehow accidentally drive between those lines, we stand a good chance of getting thru the mess in a year or two without it becoming a long and deep depression.

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01-16-2009 04:26 AM  9 years agoPost 6
InvertedDude

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01-16-2009 04:34 AM  9 years agoPost 7
spaceman spiff

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Tucson

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In faith I hope you are correct that we pull out of this.
Me too. My nerves are pretty well shot.

Raising a half-full mug of tap water in your direction.

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01-16-2009 01:04 PM  9 years agoPost 8
Hawk4flyer

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Deland,Florida

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I have a rather simple question. Alot of talk is going around about the value of the dollar and/or what will replace it when its worthless.

I do get a bit agitated at times over these types of questions. Not because I'm fearful of lossing money, but because money has no actual value to begin with. Replacing one worthless thing with another worthless thing isn't realy fixing anything.

Where does value of the dollar come from? The mutual agreement between two people that it has value. Its nothing more than a standardization of barter. A middleman if you will.

"I want x number of barter notes for my wingding."

"No your wingding isn't worth that many barter notes to me."

You can replace the words barter notes with any other words and it still holds true.

So, in short the dollar will never be replaced as long as two people find it usefull as a form of barter. The FedRev knows this, as do everyone else in the world.

If you have any doubt, just look at the Euro. It has not replaced the British Pound at all or any other currency. In fact, I would argue that the Euro has done more to hault the expansion of the EU than any group of people protesting it.

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01-16-2009 01:19 PM  9 years agoPost 9
SSN Pru

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Taxachusetts

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What exactly will make the 'Amero' worth 5 times more than a dollar?

Stupidity can be cured. Ignorance is for life!

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01-16-2009 03:45 PM  9 years agoPost 10
MikeS

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So. Calif.

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The planning and investment rules you and I have followed all our lives are being re-written We are witness not just to the government takeover of the U.S. financial sector, but to the many new dangerous pieces of emergency legislation coming down the pike. Each of them will be crammed with bureaucratic power-grabs and other nightmare provisions which will fleece unsuspecting millions.
It's no accident that Congress is holding full scale hearings designed to blame private investors, "corporate greed," and business in general for the ills the political class and its enablers at the Federal Reserve have inflicted on the country. Members of Congress know that with all the emergency legislation coming, the grip they and their bureaucratic partners will have over the economy is poised to tighten
They have already moved to discourage asset-expatriation by imposing a punitive tax on the value of unsold assets any person of means dares to try to take overseas. And just recently, the harried Republican minority barely beat back a plan to punish people who have invested in commodities such as gold and silver
More frightening new capital controls to come that will:
Prevent you from evacuating your precious retirement assets from the dollar and harboring them in more fundamentally sound overseas investments and currencies.
Discourage, and all but ban, investment and trading in precious metals.
Force gold exchange-traded fund investors to accept "cash" for their share in precious metals.
Force you to stay in declining dollar-denominated assets.
Partially (or totally) restrict 401(k)s and IRAs to inflation-lagging bonds and certain other dollar-denominated assets decreed to be "safe."

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01-16-2009 03:54 PM  9 years agoPost 11
dave75d

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Jacksonville, FL

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The next 2 years we will open ourselves to socialism because it will get bad here in the USA.
we elected a socialist. we're already there. just going to get much, much worse.

ten grand in helis and all i can do is hover

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01-16-2009 04:11 PM  9 years agoPost 12
MikeS

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So. Calif.

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I'v been close to the election system here for over 10 years and can say that the votes arent counted at least not before the winner is declared. We here in the west have been "overruled" for years thats why we lead the counntry in whats to come......so if change starts to happen it will start here. The governator spoke on some of it the other day. Liberalism needs to be crushed it is the tool used to destroy freedom. We might not stop it all but we can start to fix it now..
Do your part and vote out a democrat no matter who they are. This party has defended they'r liberal members to a degree of treason.

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01-16-2009 07:12 PM  9 years agoPost 13
InvertedDude

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01-16-2009 07:15 PM  9 years agoPost 14
InvertedDude

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01-16-2009 07:45 PM  9 years agoPost 15
philip 01

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ft worth

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01-16-2009 09:07 PM  9 years agoPost 16
kookboy

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Vancouver, BC

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What we will do is offer them the new currency and tell them it is worth 5x more than the old currency and you are allowed to exercise that power in trade. I do not see any other way to calm people that hold our debt.
They take over American assets in turn for value/debt owed.

... But honey it was only $$$

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01-17-2009 12:46 AM  9 years agoPost 17
MikeS

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So. Calif.

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I'm sure once its done an all those folks who thought it was gonna be so great wont mind letting me kick they'r @$$ for being so stupid...LoL

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