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Originally posted by sonofliberty1776
Our fiat currency has no real value. It is worth what the law says it is worth, if not for "legal tender" laws, it would have value only as a fire starting material.
Absolutely true. Now, how to convince the sheeple?
Originally posted by tyson
Originally posted by sonofliberty1776
Our fiat currency has no real value. It is worth what the law says it is worth, if not for "legal tender" laws, it would have value only as a fire starting material.
Even with the "legal tender" laws, it's only value is for starting fires. If the US had a credit rating equal to the facts, that rating would be "F".
Not only could it happen, it definitely will happen if we maintain our current economic course. Look at every nation that has devalued it's currency as we have, Rome, Wiemar Republic, Argentina, and Zimbabwe just to name a very few. Wheelbarrows full of hundred dollar bills may soon be an everyday sight if we do not change.
Originally posted by redgreen
reply to post by sonofliberty1776
I like the way you think.
Here's another thought... in 1985 the Zimbabwean Dollar was trading 1 for 1 against the US Dollar, now it's at least several Million ZD's to one US Dollar - I don't know exactly the amount. What happened? Could it happen here? Why couldn't it?
Originally posted by JJDoggie84
I was listening to WBZ 1030AM (Boston) and they were poo pooing silver and calling the people that invest in it crazy because it dropped this past week... Now it's coming back like a blood thirsty zombie... Why keep your money in a (negative) savings account... I've made like 30% on my silver.
WBZ what a bunch of MORONS!
Originally posted by sonofliberty1776
Originally posted by tyson
Even with the "legal tender" laws, it's only value is for starting fires. If the US had a credit rating equal to the facts, that rating would be "F".
Absolutely true. Now, how to convince the sheeple?
Worldwide market demand for silver is growing, while supplies of silver are quickly disappearing. New high-tech uses for silver will further strain already-tight supplies in the future. World demand for silver now exceeds annual production and has every year since 1990, depleting above-ground stockpiles of silver. The U.S. government, once the largest stockpiler of silver on the planet, dumped billions and billions of ounces of silver onto the world market over the years, resulting in depressed silver prices. Today, that government silver hoard is gone, and now the U.S. government is a buyer of silver at prevailing world silver prices.
Voltaire (1694-1778), “Paper money eventually returns to its intrinsic value ---- zero.”