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<p>[QUOTE=&quot;Vess1, post: 786805, member: 13650&quot;]Well said!!&nbsp;&nbsp; If you think about it, the fiat currency system could have worked for a very long time.&nbsp;&nbsp; It would have required integrity from public officials, responsible spending, not giving away billions to foreign countries, not engaging in useless wars followed by nation building, cutting out lobbyists and special interests 100%, running the govt like a business, not promising people what we couldn&#039;t pay, not letting the private banks run the show and investing everything back into our own country.&nbsp;&nbsp; Who knows how long it could have sustained?&nbsp; Maybe even thrived.&nbsp; &nbsp; Then people&#039;s expectations would have been tempered and reasonable.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp; Now.....lol!&nbsp;&nbsp; Now it&#039;s so far gone and so unreasonable that there is no turning it around.&nbsp;&nbsp; We&#039;re past the point where anything could actually be paid back for any amount of time, while continuing on with day to day business into the future.&nbsp; </p><p><br /></p><p>&nbsp; Even if they could cure the &#039;present cycle of deficit spending&#039;, there is no answer for the damage that has already been done, the interest that is accruing on that damage and this country&#039;s future obligations.&nbsp; &nbsp;&nbsp; I have heard and read from several sources, that in the next 30 years, at some point, the tax revenue collected will be enough to pay for social security and medicare and nothing else!&nbsp; &nbsp;&nbsp; </p><p><br /></p><p>&nbsp; You want a source?&nbsp; Here&#039;s a 9 min. video from 2008 that I found very interesting.&nbsp; An interview with comptroller general David Walker, the head of accounting for the U.S. govt., who served under the last several administrations.&nbsp; Very enlightening.</p><p><a href="http://www.youtube.com/watch?v=PnAUinVRLow&amp;feature=PlayList&amp;p=A228DBAC354A117C&amp;playnext=1&amp;playnext_from=PL&amp;index=25" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.youtube.com/watch?v=PnAUinVRLow&amp;feature=PlayList&amp;p=A228DBAC354A117C&amp;playnext=1&amp;playnext_from=PL&amp;index=25" rel="nofollow">http://www.youtube.com/watch?v=PnAUinVRLow&amp;feature=PlayList&amp;p=A228DBAC354A117C&amp;playnext=1&amp;playnext_from=PL&amp;index=25</a></p><p><br /></p><p><br /></p><p>&nbsp;&nbsp; This was able to happen because there are no controls.&nbsp; What can be produced is limitless.&nbsp; &nbsp; So the question is, how can anything in limitless supply have or retain value?&nbsp;&nbsp; Or even continue to function as money?&nbsp;&nbsp; I admit, I don&#039;t have the answer either. </p><p>&nbsp;&nbsp;&nbsp; I don&#039;t know what exactly should have been done or should be done now.&nbsp; &nbsp; I do think it would be a long and ugly process before a civilized barter system would work (if it even could work), because so many have so little to begin with.&nbsp; There are no guarantees.</p><p><br /></p><p>&nbsp; If they had to eradicate social security alone, I believe there would be martial law.&nbsp;&nbsp; </p><p>&nbsp; Good luck to us all going forward.[/QUOTE]</p><p><br /></p>

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