What is a dollar worth these days?

[whtswrngwthupeople]

That Richard Daughtry is a real hoot, too bad we can really hear what he is saying here.

[businessspeaker1]

I really enjoyed your video. We will eventually have to return to some type of commodity backing for our currency. I have prepared a short video called "Economics for the Average Joe." I think you will find it both entertaining and informative.

Sanford Kahn

[LuminousCosmos]

The two people who clicked 'I dislike this' are Keynesian.

[Rayven10]

Actually, the dollar today is worth the same as the dollar in 1913. Too bad we can't get any dollars - only Federal Reserve Notes, which are all but worthless.

[darthvader5300]

Oil to run out? Russia has 310 abiotic oil and gas wells, we have reamed practically all our oil and gas wells, we have plowed back more than 50% of our oil revenues into nuclear power production and heavy high-technology engineering industries so as not to become dependent on oil and gas revenues. The only russians protesting against Putin are those with western economic exposure and connections. The west's politicians knows the problems are a political liabilty, russians faces it face to face.

[30percentplusreturns]

The dollar is worth only 2 cents but in 1913 people made like $1000 a year and today they make $100,000 a year salary. Its really no difference. This inflation anomaly actually creates more investing opportunities. The problem with inflation is that wages are the last thing to rise. The fed should be abolished though. They steal.

[windwatcher89]

milk in new hampshire is 4 dollars

[benard2]

twwoooooooooooooooooooo freakin cents haahahahahahahahahahahhahahaha­hahahahahahahahahahhahhaa

[benard2]

twwoooooooooooooooooooo freakin cents haahahahahahahahahahahhahahaha­hahahahahahahahahahhahhaa

[nimitz92]

i think it was funnier when he said it - once

[wadscardear]

repeal the tax laws, get rid of the federal reserve act of 1913 & base our gnp on the output of wealth we collectively create.

[nimitz92]

yea u know some people think that the federal reserve funded WWI - i don't know if thats true, but the Fed is a private organization...

[bignewgame]

Why? One word, GREED!

[daniel987878]

Im a bit confused about gold. Sometimes I feel bearish about gold coz ity appears banks will stop expanding the money supply when the economy slows further as inflation sets in more making lending too risky. Simultaneously the frb will increase fed funds rate as inflation picks up. This is bad for gold in currency terms. But good for gold is lack of other investment opportunities in a negative global system. Also good fir gold is the increase in risks (conflict, financial crisis posibility).

[daniel987878]

Dont invest in paper money invest in electronic money. LOL.

[Rustyshackleford08]

Thats far worst.

[daniel987878]

I was being sarcastic. If you read the economist and similar they do tell you things along those lines though.

[Rustyshackleford08]

I know, I was tired so I didn't realize (hard time sleeping). If that magazine tells you to do that immediately stop reading it:)

[He101A]

There is a problem with backing your money with only precious metals. You are limited by the amount of precious metals you have. You have to set a price on gold or silver. 1 ounce of silver= $X, and 1 ounce of gold= $X. You can't print more money if you don't have the precious metals to back it. Here is the problem. If one person hordes the $ supply, you have a depression.

[Rustyshackleford08]

What you just said is actually a good thing because government can't have unlimited war and regulation on your life because it all cost money.

As for Hording well you can horde cash but it keeps losing value so there is no perfect solution to anything. I would take golds disadvantage over paper disadvantages (many of them) anytime.

[He101A]

The government can easily create a deflationary situation by taking most of their currency out of circulation. I really doubt the US will cause deflation, because the US has $45 trillion in debt. Inflation is good for the debtor(USA). In order for the US to pay all of its debt, they have to print more and more money; hence, more and more inflation. I would hold on to what is real than fiat currency.

[Rustyshackleford08]

Real money is best for this situation thats for sure. The thing is by paying the debt the way you speak it will pretty much permanently raise prices. Our paychecks do not go up fast enough to cover this cost. I think its a real bad idea, spending should go down and trade deals should be changed.

[He101A]

The only thing that isn't going to go up is your home mortagage if it is at a fixed rate.

[Rustyshackleford08]

Yeah, thats about it. Where I live a loaf of bread in 2005 was between 1.49 to 1.59 (CAN) now its 2.29. I have to buy cheaper bread. I refuse to pay that much until I have no choice. Bread is just one example btw.

[He101A]

A loaf of bread where I live used to be like $1.00 back in Jan 2001, and now it costs about $3.29 in Dec 2007. Milk is also an example. A gallon of milk used to cost like $1.99-$2.19 in 2001, now it costs anywhere from $5.00 to $5.59 per gallon in California.

[Rustyshackleford08]

WOw, the milk is the same as our (we have liters) but its about the same...but the bread prices for you guys is NUTS. I will tel you this, we may miss these prices in the next few years.

[makaisenki]

Glad to be in Texas where Milk is only around 3 dollars and I can get a loaf of wheat bread for less than a dollar. That's why I moved here. Lower cost of living. I don't know how ya'll survive it. Btw I used the phrase ya'll long before I moved to Texas. Gas here is only around 3.00 a gallon and electricity here is about 3-5 cents per kilowatt. Oh and in some parts there's no tax on foods either. I love bein a texan, I can afford to live. Yay.

[Rustyshackleford08]

That sounds nice. I wonder why its so cheap?

[makaisenki]

Probably cause we have a lot of cows in texas, we have a lot of oil companies that drill, and other things like that allow the government as well as some of the businesses keep the costs lower

[Rustyshackleford08]

Well I hope you are ready when the oil runs out, prices may go up.

[makaisenki]

Allows me to save up the money I need in order to prepare to leave this country when that happens. i don't think it'll quite happen too quickly, besides I've only driven 2 times in the last 2 months, so gas prices don't concern me. I'll just take the bus or walk, or go with my room mates when ever I need to go somewhere.

[nimitz92]

ha we have heaps of cows in New Zealand but dairy products are ballooning in price in 20 - 40% hikes

[nimitz92]

hahahaha of course its good - they gonna rip those chinese and the poor old Japs off with all their US bonds...

[He101A]

Those Asians are buying precious metals, commodities, and land in the USA. They will own a big chunk of the US. The Asians are driving up the price of commodities. They realized that holding fiat currency is a worthless proposition, so they are putting more and more of their dollars in commodities instead of US bonds. This is bad news, everyone will pay higher prices for commodities.

[Dumbell99]

Our money is worth next to nothing we would have to buy silver.

[codematrix]

I totally agree with you brother. I have 90% of my total portfolio in silver.

[Rustyshackleford08]

I hope the physical silver...stocks are paper so you have to be careful.

[Rustyshackleford08]

I am Dumbell 99 BTW:)

[Dumbell99]

Ron Paul

teaparty07(dot)com

He needs donations. There are only a few so far, please GIVE YOUR PAPER!

[Dumbell99]

Oh and BTW if you have any paper left over from the bills as well..do yourself a favor, BUY GOLD OR SILVER>>ITS REAL MONEY:) WHILE YOU CAN! ALL OUR MONEY IS DROPPING IN VALUE VS GOLD AND SILVER SLOWLY OVER TIME! The US dollar is just the first to fall fastest!

[timothycrowe]

This guys great. Made me laugh. And, he is dead on right. Let's get out of the dollar and back into Gold and silver... Can't come soon enough.

[binshamak]

What you do with robbers?

[JackNeedles]

Vote Ron Paul 2008 folks and Giver America hope!

[marxbitesall]

The private, for profit, Fed Bankers have our gold. I'll bet the Rothschilds sit on the world's largest hoarde with our 1913 dollar worth 2 freakin cents now.

[Dumbell99]

I hope people wake up to this soon. I cannot see why nobody seems to understand. They have all the REAL money and power...we have paper and nothing by comparison. Rothschilds and Rockefeller's do not need to report GOLD! They are estimated to be worth trillions! Rothschilds: 200 to 400 TRILLION Rockefeller: 11 Trillion! We have paper! Those guys were banks for 500 years!!:)Wake up!:) Bill Gates MY ASS! LOL:)

[daniel987878]

It appears the rockefellers and the rothschilds, morgan etc. are all the European and Jewish nobility which went underground after events such as when America won independance from Britain. All the international financial instititions such as Glodman Sachs, Citi, IMF, Central Banks etc are their cartels which they use to destroy all the worlds nations before they can impose their power overtly once again.

[Rustyshackleford08]

Thats right, all I can do is try to save enough paper so I can buy some money too. Its sad because 1 ounce of gold was 35.00! You can buy what would be 800 dollars worth of stuff for 35 dollars! If minimum wage was even 20 cents per hour its FAR BETTER than wages today.

[daniel987878]

In the short term I think gold and old and most commodities will come off by about 15% from current levels. After about Feb I rekon Gold will pass 1000 USD and Oil 100 and never look back with all other commodities following similar price increases. This should cause global stagflation that should last for many years with all asset prices severely reduced except commodities.

[Rustyshackleford08]

I just wish I had more money to buy them:)(Gold coins) Gold will become rich mans money more than it already is and silver will be the only shot for the poor:)

[He101A]

I don't think those usurers have enough man power to control the world. Just look at Iraq, and Afghanistan. It isn't very hard to take 2 countries if the people wake up and fight with violence. The Illuminati failed to control France after the Revolution. Napolean came to power, and he persecuted these Freemasons.

[daniel987878]

There not only lenders of money. They control all prices of commodities (NYmex, CBOT, LME etc), Money creation (fed, ECB BOE etc), international institutions (IMF World bank WTO etc, Main stream media, control of all the major western corporations and the rest...

[Rustyshackleford08]

The lack of man power is the only hope we have really.

[daniel987878]

Our best hope is to be united and be passive even towards those who appear to be our worst enemy. Ghandi style. Its the best way coz that way they really get things done( ie cause instability and force people to do their work).

[makaisenki]

Passive against who? You're not even pointing out who you want us to be against (even passively against) and passiveness isn't always the best way, I don't think you can overturn a government merely by having a peaceful protest on their front lawn or destroy one of the most powerful groups by holding a pow wow in front of the feds. You go have your pow wow. If it will work I will join it and do a hunger strike (got a few hundred pounds to lose anyway) If not then all bets are off, no more nice.

[Rustyshackleford08]

Well lets not hope it comes to that. I definitely know how you feel. I think if we inform the public to the point they can't hide anymore and nobody believes them then they will be arrested.

[ElGeneral09]

We should ask the federal reserve were our gold is!

[kirkifer]

Oh no! They could tell you but then they would have to ...

[SILVER0BUG]

I LOVE THIS, MOGAMBO ROCKS!

-Ron Paul supporter 2008!!

[shikira]

2 freakin cents LOL I love it!  We have been robbed!