In this very recent interview with Bloomberg Jim Rogers says Asia is the future, the dollar is a terribly flawed currency and he doesn't want to own any, oil will certainly pass $200/barrel soon, a...
In this very recent interview with Bloomberg Jim Rogers says Asia is the future, the dollar is a terribly flawed currency and he doesn't want to own any, oil will certainly pass $200/barrel soon, and the (privately owned) Federal Reserve will disappear within the next decade.
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the value is based on reserve held by the treasury but controlled by the FED for collateral ..........the FED uses Quantitative EAsing fancy word for making money out of thin air .......in other words there DEBASING the dollar....... go figure!!!!!
its sad but true. I hope it isn't too late to save the country we need to unite and bring our constitution back to life. we need to remove the greed from our government and then fix and repair our fractured nation.
Sort of. Yes, it takes 100 pennies to equal the value of a dollar. I believe what he meant is that it costs 1 dollar for an item that used to cost 4 cents. The U.S. dollar has lost 96% of its value since the inception of the Fed. Reserve. Due to inflation, the value of the dollar loses value. The more money that is in circulation, the less it's worth. Thanks to the Fed. pumping money out, printing it out of thin air, and creating all these bubbles and busts, the value is worth very little.
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Elitist need to be stopped, they are clever but only a couple thousand of them.