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<p>[QUOTE=&quot;JoeSmith, post: 738146, member: 18021&quot;]How much less spending power does the euro have in europe compared to the dollar here?&nbsp; Just a ballpark guess, half as much?&nbsp; a third?&nbsp; A dollar of course is 2/3 of a euro, but I believe the spending power of the dollar is too high, which is why it will go lower.&nbsp; People wonder how high prices can get, just look at europe.</p><p><br /></p><p>The only defense I hear for the dollar is that it isn&#039;t all that bad compared to the other fiat currencies in the world.&nbsp; That&#039;s like saying your child is the best behaved child in the reform school.&nbsp; All fiat currencies are the same, they&#039;re a vehicle designed to steal peoples wealth.&nbsp; When you steal too much of the people&#039;s wealth they stop producing wealth, then you can&#039;t steal any more.</p><p><br /></p><p>I&#039;m a gold bug, I measure everything in terms of gold.&nbsp; Gold will be $2000 by the end of 2010.[/QUOTE]</p><p><br /></p>

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