FIAT money - could it really happen/ has it happened?

I look at it this way,

1st, if any bodies opinion on these forums really mattered regarding our current monetary system and where we're going, I think they'd be working in the market and not necessarily chatting on a coin forum.

2nd, regardless of what anybody thinks or feels, the federal government dictates the value of your maney. Whether its gold and silver or 10's and 20's.

3rd, unless you've actually got "millions" in the bank or tied up in some obscure investment, you'll be in the same boat as me "if" the US Government and the World decides to devaluate the US Dollar.

What it really boils down to is mindless speculation over what is and what some other think it "might be".

Calling the final score of the game after its already been played is a bit meaningless and pining over the fact that the US Dollar is not backed by gold or silver is kind of pointless.

ALL that silver some folks have "invested" in would become actual face value should some move be made toward backing US Money with Silver. Those days are long gone and it'sreally pointless in speculating about them.

 

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I much prefer living in the real world, where something has to be money and something has to have value, than threads like this where those are apparently not facts and the entire planet is going to melt down tomorrow leaving us all shooting each other with bows and arrows.

 

I don't see where that was going since that is not what is occurring.

Comparing a state shortly after gaining it's independence from the English is in no way comparable to the US government of today. All that argument really supported was why a central currency was developed over continuing state currencies.

Money is made of paper but it is not just paper. In a stable society money is more valuable than tangible goods because it buys those goods.

The US dollar isn't collapsing during anyone's life time that is alive today barring a complete dismantling of the military by politicians.

 

There is no money. The United States does NOT own the Federal Reserve bank, that belongs to the Rockefellers and Warburgs from Germany. Federal Reserve act 1913.... Ever heard of JM bullion? When you go get a loan from the bank, they are giving you your own money, from your straw man bank account, which is located in Puerto Rico, the account # is located on the back of your social security card in red. Your straw man account is you, except it's in all capital letters. The bank can access this account through a TTL window, probably didn't know that did you? JFK wanted to put a stop to all of this, he's dead ya know.....We are under Great Britains rule, believe it or not....

 

Name One Country in the Industrialized World that has a Gold or Silver Standard for their Monetary System.

Just one.

 

Might I make a slight change to your statement?

I'll take that as a Yes.

"The US dollar isn't collapsing during anyone's life time that is alive today barring a complete dismantling of the World Economy."

 

Wow! I have never heard such an absurd statement!

Oh wait, sorry, I heard one just the other day. "I don't incite violence........"

 

Barring some cataclysmic event, the US Fiats will do just fine. Faith in the US, that's what makes the currency strong......or rather, believable. Anything that might shake that faith could undermine the currencies credibility.

Disclaimer: I'm not an economist but I did stay at a Holiday Inn last night and also subscribe to Lewis Black rant and rhetoric...........

 

There are collectors of paper money using this site who could show us the defunct notes of fifty different 20th century regimes or countries, not all of them Third World countries, whose original issuers and holders once probably believed, or hoped, that everything you have said about US paper money was true of theirs.

 

Just for giggles, how long did those currencies last compared to ours?

 

Here ya go, I can keep pulling this stuff up if need be. http://beforeitsnews.com/alternativ...sh-colony-under-the-roman-empire-2577616.html

 

Off shoot from the National Enquirer........

 

Lol well played and also very true

 

Not one of which was remotely close to the position that the US is in today.

 

The dots just aren't connecting for ya are they?

 

How could one not have confidence in a source that includes in the same issue :

http://beforeitsnews.com/alternativ...ntarctica-using-satellite-images-3320750.html

 

If I click on the red text, is it going to take me through a 10 hour power point in slow motion full of distortion and half truths? (I hope you get the allusion/pun).

We already have fiat currency in the U.S. and have had it for some time.

 

That 1st link was just the short version, this guy wrote a book about it
http://www.apfn.org/apfn/bcolony.htm

 

I think FDR destroyed our future. We would all be far better of today if FDR had let the Federal Reserve Bank fail instead of bailing it out.

 

I concur. In fact, many believe the New Deal extended the depression. If you look at the graph that @Sullysullinburg posted, the big rise didn't start until the U.S. started to support their eventual allies in WWII efforts.

Some historians also contend that FDR wanted us to get involved in the war to help end the depression.