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sailingaway
08-15-2012, 11:13 PM
Zerohedge: 41 Years After The Death Of The Gold Standard, A Look At "How We Ended Up In This Economic Purgatory"

http://www.zerohedge.com/news/41-years-after-death-gold-standard-look-how-we-ended-economic-purgatory
oyarde
08-16-2012, 12:31 AM
Your lucky day , I happen to have $1.38 in my pocket .
Travlyr
08-16-2012, 03:06 AM
Dr. Edwin Vieira (http://www.restore-government-accountability.com/restoring-the-dollar.html) points out that fiat money has a crisis about every 40 years, or so. 1861 -> 1907; 1907 -> 1933; 1933 -> 1971; 1971-> 2007. If the IMF & World Bank can get the "Bancor" rolling off the presses as a "global" currency, then 2013 -> @2050. At that time, we'll need a "Universal" interplanetary currency and that one will last until 2090 or so. Then it is for sure back to real money. So, the choices are go back to real money now and let individuals prosper, or buy into their bullshit and screw around with the fake stuff for another 40 years or so only to realize that there is no such thing as a "Interplanetary" currency.
sailingaway
08-16-2012, 10:17 AM
Dr. Edwin Vieira (http://www.restore-government-accountability.com/restoring-the-dollar.html) points out that fiat money has a crisis about every 40 years, or so. 1861 -> 1907; 1907 -> 1933; 1933 -> 1971; 1971-> 2007. If the IMF & World Bank can get the "Bancor" rolling off the presses as a "global" currency, then 2013 -> @2050. At that time, we'll need a "Universal" interplanetary currency and that one will last until 2090 or so. Then it is for sure back to real money. So, the choices are go back to real money now and let individuals prosper, or buy into their bullshit and screw around with the fake stuff for another 40 years or so only to realize that there is no such thing as a "Interplanetary" currency.

Doubtless that is why Obama is so interested in aliens, lately.
brandon
08-16-2012, 10:18 AM
Can I get about $3.50?
VanBummel
08-16-2012, 10:35 AM
Your lucky day , I happen to have $1.38 in my pocket .

But due to inflation you now need $1.39 to equal the $1.37 of 12 hours ago. :(
oyarde
08-16-2012, 10:49 AM
Can I get about $3.50? What all can you get for $3.50 ? That does not cover a gallon of gas....
oyarde
08-16-2012, 10:51 AM
But due to inflation you now need $1.39 to equal the $1.37 of 12 hours ago. :( I could not think of anything coud buy with it , so , thought I would lend it to Sailing :)