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Goodbye Dollar...We hardly knew you

Discussion in '2006 Archive' started by Rufus_1611, Dec 4, 2006.

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  1. mnw

    mnw New Member

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    If you look at the Euro you'll see an artificially inflated currency and economic system. It is kept afloat by false promises, optimism and lies.

    I believe the same could happen world wide.
     
    #21 mnw, Dec 9, 2006
  2. hillclimber1

    hillclimber1 Active Member
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    So's the dollar, friend.
     
    #22 hillclimber1, Dec 10, 2006
  3. padredurand

    padredurand Well-Known Member
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    It's called fiat currency or money. The gold standard went away in the 1930s.

    'The term “fiat” currency is also used specifically to refer to a currency that is not pegged or fixed to a mass of precious metal, and similarly the term “gold standard” is used to refer to fiat currency with a gold bullion exchange system, or to a parallel gold coin/fiat currency with a law that requires the fiat currency bank of issue to pay in gold coin'.

    http://en.wikipedia.org/wiki/Fiat_currency
     
    #23 padredurand, Dec 10, 2006
  4. LadyEagle

    LadyEagle <b>Moderator</b> <img src =/israel.gif>

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    3-page warning: This thread will be closed no sooner than 3:00 a.m. ET by one of the moderators.

    LE
     
    #24 LadyEagle, Dec 12, 2006
  5. Baptist in Richmond

    Baptist in Richmond Active Member

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    That is a given.

    That depends: is the money supply going to be proportional to the wealth of each nation, or are they going to simply print enough to go around? Those are rhetorical questions, of course.

    I think you would hear yes and no in answer to this question.

    Regards,
    BiR
     
    #25 Baptist in Richmond, Dec 13, 2006
  6. LadyEagle

    LadyEagle <b>Moderator</b> <img src =/israel.gif>

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    Closed. LE
     
    #26 LadyEagle, Dec 13, 2006
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