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<p>[QUOTE="JJK78, post: 1615934, member: 19207"]Agreed, but I never said that our dollars being worth less was the <i>only</i> factor <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Reality is that ever since the dollar was decoupled from gold, dollars started becoming worth less and less. The more of them they print, the less they are worth in terms of their purchasing power. </p><p><br /></p><p>For fun I just did some quick math along with the help of the website i'll link to below... with our current debt of $16.4 Trillion, that is roughly 305,450 TONS of gold at $1670/oz... We have about 8,133 tons in the US reserves~</p><p><br /></p><p>It would seem that all of the gold EVER MINED EVER is only 166,500 Tons! Take a look at it as visualized in 400oz bars! <a href="http://demonocracy.info/infographics/world/gold/gold.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://demonocracy.info/infographics/world/gold/gold.html" rel="nofollow">http://demonocracy.info/infographics/world/gold/gold.html</a></p><p><br /></p><p>Personally that scares the heck outta me... our goverment has a drug problem, and their drug of choice is spending money![/QUOTE]</p><p><br /></p>
[QUOTE="JJK78, post: 1615934, member: 19207"]Agreed, but I never said that our dollars being worth less was the [I]only[/I] factor :) Reality is that ever since the dollar was decoupled from gold, dollars started becoming worth less and less. The more of them they print, the less they are worth in terms of their purchasing power. For fun I just did some quick math along with the help of the website i'll link to below... with our current debt of $16.4 Trillion, that is roughly 305,450 TONS of gold at $1670/oz... We have about 8,133 tons in the US reserves~ It would seem that all of the gold EVER MINED EVER is only 166,500 Tons! Take a look at it as visualized in 400oz bars! [URL]http://demonocracy.info/infographics/world/gold/gold.html[/URL] Personally that scares the heck outta me... our goverment has a drug problem, and their drug of choice is spending money![/QUOTE]
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