The Day the Dollar Died

The first 12 hours of a U.S. dollar collapse! http://inflation.us

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[teedonster2]

ron paul 2012

[alexmathews070177]

This is very much possible

[hiddenentityone]

Guys, stop being too fanatical; even if it does happen, the first thing you people should do is to take down the Federal Reserve, then re-evaluate the currency and adjust it based on what it really worth. Then adjust your lifestyle based on your nation's condition; resume trades with the world and everything will be fine. The drawback from this process is that many will die due to riot, destruction of infrastructures, soft to hard skills worker will more likely be needed, etc.

[eriklopez777]

This could accually happen.

[weathercircle]

Whoever the Americans vote will not change shit

[Loathomar]

@StraightUpp11 Why would you save anyone money by holding it? You could invest that money? If you hold on to money, all you do is harm the economy, spending or investing both help the economy, but hold does nothing, why should we as a nation support people that are not helping the economy? If inflation was, in the long run, higher then investment returns, we'd be screwed, but it's not. From 1913 to today investment is 110x that over inflation. Generally, investment returns 4-5% over inflation.

[Loathomar]

How do we stop people from wanting to hold there money, make it cost money to hold on to it, via inflation. While it you had $100,000 in cash in 1913 it would only be worth $4556, but if you invested that same in the Dow Jones $11 million. Stagnant money is a horribly thing, and money that does not lose it value or increase in value increases stagnant money. And the US currency is backed by the US economy, not nothing. And changing interest rates does not determine monetary value.

[StraightUpp11]

@Loathomar Devaluation of money is an evil, horrible thing. That means people who save their money, are being robbed of their hard earned money(they lose purchasing power due to inflation). They become a slave to the system. You are a fool who knows nothing about economics, money, or the laws of the land. Many are about to get a very big awakening.

[Loathomar]

@StraightUpp11 Yes, but the devaluation of the dollar is not a bad thing. There are generally 3 things that can be done with a dollar, it can be spent, it can be invested or it can be held. Spend a dollar makes jobs now, you go buy coffee and you pay for the person who makes the coffee, investing makes more better jobs in the future, you give your money to a company that spending it to earn more in the future and you get more money back, hold it does nothing. We don't want people to hold money.

[StraightUpp11]

@Loathomar I don't worry about food. I live in the country, plenty of deer and rabbits to feed myself. The US dollar has been devalued 95 % since 1913... The Elite regulate the value of money, that's why they fix interest rates... The paper reserve notes we use are fully backed up in NOTHING!