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Inflated dollar - what can collectors do or help?.
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<p>[QUOTE="Vess1, post: 444084, member: 13650"]Man, take a look at the national debt curve. In comparison, we were actually in fantastic shape through the 60s,70s and 80s. It could still feasibly be taken care of!</p><p> Now look at it. It cannot be compared to recent history. This is uncharted waters and it's only getting worse. There is no fix and there won't ever be one. Having the ever elusive balanced budget for a couple years couldn't have an ounce of an effect.</p><p><br /></p><p> Everybody wants to say its ok because we've got through it in the past. Well, the future is far, far, FAR from the past and what we've had to deal with. You have to agree that eventually at some point in the future, the tax revenue coming in will not be able to cover THE INTEREST on what is owed. Then what happens? </p><p><br /></p><p>Since they figured out a fiat currency, maybe they can figure out a fiat math system next so it can work. Otherwise, it's higher taxes until everything you make goes to taxes. Maybe that won't happen in 200 years. Maybe it will happen in 100. Who knows? The numbers are too large for me to figure out. The only ones who could tell you are the ones who are reaping the benefits for doing nothing.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 444084, member: 13650"]Man, take a look at the national debt curve. In comparison, we were actually in fantastic shape through the 60s,70s and 80s. It could still feasibly be taken care of! Now look at it. It cannot be compared to recent history. This is uncharted waters and it's only getting worse. There is no fix and there won't ever be one. Having the ever elusive balanced budget for a couple years couldn't have an ounce of an effect. Everybody wants to say its ok because we've got through it in the past. Well, the future is far, far, FAR from the past and what we've had to deal with. You have to agree that eventually at some point in the future, the tax revenue coming in will not be able to cover THE INTEREST on what is owed. Then what happens? Since they figured out a fiat currency, maybe they can figure out a fiat math system next so it can work. Otherwise, it's higher taxes until everything you make goes to taxes. Maybe that won't happen in 200 years. Maybe it will happen in 100. Who knows? The numbers are too large for me to figure out. The only ones who could tell you are the ones who are reaping the benefits for doing nothing.[/QUOTE]
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Inflated dollar - what can collectors do or help?.
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