It's gonna be awesome when the dollar collapses in 10-20 years

[LibertyLemming]

Well, history says all FIAT currencies die. It also says inflation kills currencies.

 

[OohPooPahDoo]

Well, history says all FIAT currencies die. It also says inflation kills currencies.

There are plenty of fiat currencies that aren't dead.

 

[LibertyLemming]

There are a lot of humans who aren't dead too.

 

[OohPooPahDoo]

There are a lot of humans who aren't dead too.

All specie back currencies die eventually.

 

[LibertyLemming]

There are a lot of humans who aren't dead too.

All specie back currencies die eventually.

Not really, people just get greedy and decide to print money instead of continuing to practice sound money. There is a difference between dying from failure and dying because people didn't want to be fiscally responsible so they quit sound money.

 

[Mad Scientist]

Max Keiser says the Dollar will collapse by April 2013 at the latest.

 

[LibertyLemming]

Yeah I felt like being generous. I'd say a decade at the latest really

 

[SniperFire]

Max Keiser says the Dollar will collapse by April 2013 at the latest.

I always figured it collapses when dummy trading partners stop giving us oil in exchange for what we print up.

 

[Politico]

I'll be dead so I don't care. Have fun folks.

 

[Sallow]

What's gonna collapse it?

Where to start? Printing money? Massive debt? When our trading partners figure out that we’re no longer solvent, they’ll stop lending us money (that is, they’ll use their dollars to buy euros or yen or gold rather than U.S. bonds), and the value of the dollar will plunge. The process has already begun, with decreasing demand for dollars sending the value of the dollar down by more than a third in this decade. But this is just the beginning. Our currency isn't backed up by shit. Inflation is whats really going to kill it though.

You folks seriously don't understand what an economy is..or what wealth really means.

Here's a hint..

It isn't paper money or gold.

 

[OohPooPahDoo]

There are a lot of humans who aren't dead too.

All specie back currencies die eventually.

Not really, people just get greedy and decide to print money instead of continuing to practice sound money. There is a difference between dying from failure and dying because people didn't want to be fiscally responsible so they quit sound money.

Oh -yes - of course! We wouldn't want to classify "didn't want be fiscally responsible" as "failure" - as you said, there's a big difference!

 

[Sallow]

Max Keiser says the Dollar will collapse by April 2013 at the latest.

I'll make a bet with ya. If the dollar collapses by April 2013 I will give you all of mine. If not you give me all of yours..

 

[OohPooPahDoo]

Max Keiser says the Dollar will collapse by April 2013 at the latest.

Hey Rocker Ted Nugent is supposed to be either dead or in jail by then!

 

[LibertyLemming]

What's gonna collapse it?

Where to start? Printing money? Massive debt? When our trading partners figure out that we’re no longer solvent, they’ll stop lending us money (that is, they’ll use their dollars to buy euros or yen or gold rather than U.S. bonds), and the value of the dollar will plunge. The process has already begun, with decreasing demand for dollars sending the value of the dollar down by more than a third in this decade. But this is just the beginning. Our currency isn't backed up by shit. Inflation is whats really going to kill it though.

You folks seriously don't understand what an economy is..or what wealth really means.

Here's a hint..

It isn't paper money or gold.

Tell that to Germans who were using their busted currency as fire starter