Thread: US dollar in decline, what are your thoughts?

Originally Posted by Howie

Mystic7, ~DD)FJFK Q{{R_Q_:SF"+>><CWOO

Correct me if I`m wrong, but I believe the US`economical troubles right now has a lot to do with housing problems and personnal debt (*ahem* credit cards...).

Our money is monopoly money. And your money in the bank is just a loan to big bankers. Makes you feel good, doesn't it? Rich men in a big room determining the value of your hard labor.

It doesn't mean everyone has to accept it. Some day people will realize and get over this abuse.

I like the Ron Paul idea of introducing alternative currency.

I think leaves should be the new money. 1 leaf = $1. Count me in.

Well they are worth more...but the problem is the elite can't gather all the leaves up so they would hate that. Not to mention the environment. And it would take a massive propaganda campaign to convince people leaves are worth money. Even if they did trust it enough you'd have the same problem as you do with the bills you currently use. And added problem is the elite would be out of control of the leaves in the short term so everyone would seem rich and the illusion would fall apart very quick. Where as your paper notes can be centralized, not copied. They can move them around with imaginary numbers for a bit. Keeping the illusion alive.

Can we get real and realize what value stands for?

Money used to always been made of gold. If you take a gold coin that they use in the US and you go any where in the world, it will be accepted as money. Even if the economy collpased and the government was wiped out, your money would keep 100% of its value. It has value because the gold in it has value.

With paper dollars that are not even backed with anything, the value is only what the government says its worth. If the economy hits a depression your money loses a lot of value. If something happens to the government your money loses value. You are basing all your wealth on the actions of others, if they screw up your screwed as well. Thats why gold coins, or atleast paper dollars fully backed with gold are a safer way to save and hold money.

Originally Posted by Alric

Money used to always been made of gold. If you take a gold coin that they use in the US and you go any where in the world, it will be accepted as money. Even if the economy collpased and the government was wiped out, your money would keep 100% of its value. It has value because the gold in it has value.

With paper dollars that are not even backed with anything, the value is only what the government says its worth. If the economy hits a depression your money loses a lot of value. If something happens to the government your money loses value. You are basing all your wealth on the actions of others, if they screw up your screwed as well. Thats why gold coins, or atleast paper dollars fully backed with gold are a safer way to save and hold money.

I`m not sure there`s enough gold to fully back all of the world`s currencies ...

U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of NOW is:


The estimated population of the United States is 303,343,578
so each citizen's share of this debt is $29,856.73.

The National Debt has continued to increase an average of
$1.41 billion per day since September 29, 2006!

Here's some lyrics for an older song of ours I rap on called,

'Depth Ride'...

Most people try,
in the end they cry,
and they wonder why,
Did it happen to me?

People put on their masks,
while they take out the trash,
living life for cash,
How could this be?

Society dies,
supersize your fries,
watch that weight on your thighs,
Is this the way to be free?

I'm here to disanoint,
by making a point,
but first light up that joint,
The lie is money...
The lie is money...
The lie is money...

??????&#165;&#165;&#165;&#165;&#165;&#165;&#165;$$ $$$$$$&#165;&#165;&#165;&#165;&#165;&#165;???????


Oh... and that .XX cents is my contribution to the debt just for shits and giggles...I bought a pack of gum and just decided never to pay the credit card company back in order to make a point...

Its like when they think they are mind tripping you by putting gas prices or some other lame crap at... $99.99 and 9/10 of a cent...just so you won't feel the nice round number like 100....such blatant frivolity...

SUPERSIZE SET FOR ONLY 30 CENTZ!?!? OMG RLY!!!!?? I'LL TAKE 8!!!!!!

MOOO!! COWS FOR THE SLAUGHTER

Hell, the black helicopters won't even need to use their scopes to round up most americans come herding time...

They won't even need to use the force... anywhere they fire will hit most of their dumbed-down, lazy, fat targets...

Originally Posted by Spartiate

I`m not sure there`s enough gold to fully back all of the world`s currencies ...

Sure there is. The thing about gold is theres always enough. Gold works just as well if a dollar equals one ounce or 1/100th of an ounce. There is always silver as well, which works just fine.

Hahhhaha, Solyskye..that's a great set of photos, and sadly represents too many americans!!! Heh.

Yay for Canada...it' about time they get some recognition that they do things so much better...though I still doubt any United-Statesian would take a Canadian dollar even though they'd be getting an advantage. how sad...

Ah, 9 trillion depth all ready? Jesus. I thought it was just a few months ago that I was amazed that is was 8.5 trillion. Insane. With all the money the war cost America, they could have given every child health care, and still get to keep most of the money.

Originally Posted by Alric

The thing about gold is theres always enough.

That makes no sense, gold is a material possession...

I heard somethere that the amount of gold currently used in the world would only fill an average sized house. Makes sense though, since most gold is pressed quite flat and stretched out.

Still, I can't confirm it.

I trust gold and silver. That has never lost value in crisis, Because it actually is worth something. I don't trust paper notes for long.

Originally Posted by tokyo_kurikinton

I heard somethere that the amount of gold currently used in the world would only fill an average sized house. Makes sense though, since most gold is pressed quite flat and stretched out.

Still, I can't confirm it.

From Wiki:

Supply
At the end of 2001, it was estimated that all the gold ever mined totaled 145,000 tonnes, which would form a cube with 19.58 meter edges. Global gold mine production is between 2,500 to 3,000 tonnes per year, which would mean that about 155,000 tonnes of gold would have been mined as of 2006, with a total value of $3.2 trillion at June 2006 prices.

Originally Posted by Spartiate

That makes no sense, gold is a material possession...

If you base money off gold you can always divided gold into smaller quantities. Thats not to say everyone will have money, or own gold. But you can back all money using nothing but gold.

Well our dollars used to be based on gold, until the fed said "lol your money is now just paper" and then they printed and printed and now our dollars are worth four pennies, and declining.

Point is, our money has no real value, it is determined by people we don't even know. If one dollar = it's weight in gold, and you made $100 dollars when you were 16, that $100 bucks would still be worth $100 bucks when you die. Instead, that $100 now equals only a fraction of what it used to. Because the fed can just print more of this pretend money whenever it wants.

This is why "back in my day a candy used to be 15¢". The price of candy didn't go up, the value of the dollar went down, because there are more "pretend dollars" in circulation today then there was back then.

Originally Posted by Alric

If you base money off gold you can always divided gold into smaller quantities. Thats not to say everyone will have money, or own gold. But you can back all money using nothing but gold.

And who decides how much the money is worth in comparison to gold?

Whoever makes the money. Its just like now, you have a five dollar bill or a ten dollar bill. The ten would be worth twice as much gold as the five. The important thing is not how much each is worth in gold, but that you have enough gold to back it.

But how would you get other countries to recognize the value of your money to the gold?

They don't have to. Every country in the world accepts gold as money. And everyone knows it has value. You only have get people to recognize your money when you use paper money thats not backed by anything. Its not even an issue with real money.

Well, there must be some rule in the US too about what % of the paper money should be available as real gold in backup? At least that's what I have learned is the case in our country (at least 50% of all fi

In the meantime, I LOVE shopping in the US via Ebay, since my Euros are worth $1,40 each, where they were only $1,20 a year ago...

Nope. US money used to be back by gold but now it isn't. They got rid of that long ago.