posted on Apr, 24 2006 @ 12:39 PM
That's the way it is now. I think part of the bigger picture is this: it works in two ways. It's a catch-22
1. The dollar continually becomes worth less and less because more and more of them are printed. It's like a baseball card. If you one Babe Ruth card
it's worth a million dollars, but if you have a million Babe Ruth cards, they're only worth a dollar. Supply and demand. (We all know, of course,
that paper money in general isn't really WORTH anything as it isn't backed by gold, but that's a different subject)
2. Countries around the world are dumping the dollar because it buys less and less. The more countries that dump it, the more it's value declines,
the more it declines, the more countries that dump it. I agree with what you're saying that that's the way it is TODAY. But what about 5 years from
Russia saying the dollar is unstable is not a good sign for America.
Here's another example.
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Consider...in the 1940's a loaf of bread was say 10 cents. Today, it's $1.79 for that same loaf. Is that because the bread grew more expensive? No,
it's because the value of the dollar went down that much to require more of them (dollars) to buy the same loaf of bread. Think about it.