Can you name a time in history when the United States dollar had no value?
Impossible! The deficit is falling as well as unemployment Obama wrecking economy
- Thread starter ChesusRice
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twostrokenut
Well-Known Member
Whatever you want to define the US dollar as, it won't make a difference.
How many paper currencies have failed in stable, modern nations?
twostrokenut
Well-Known Member
lol how many stable modern nations have there been?
How wide do you need your definition to be before you've got a hit? Stability is a relatively recent thing in the world. There's significantly less fiat currency death now that countries have generally stopped fighting each other and instead focused on pursuing economic goals.
Harrekin
Well-Known Member
The cards are still up in the air for most, if not all current fiat currencies.
The dollar is fucked once people realise how many there are... The euro is fucked when Greece decide to be dicks again... The pound is slightly less fucked but it's just a slower descent...
Dont call it until the cards fall...
Obviously. If you wreck your economy, your currency is probably going to fail. But until it happens, that currency is still valuable.
Harrekin
Well-Known Member
But your contingency hasn't happened yet.
Harrekin
Well-Known Member
Well stop breathing then.
I noticed you gave up on the CPI Calculations.
I noticed you gave up on the CD's, Treasuries, Bonds beating inflation.
I noticed you gave up entirely on trying to prove that the dollar isn't debt based.
You sure give up alot when your arguments get defeated.
Continentals had no value, greenbacks had no value. 1933, had no value, 1971, had no value, 2012 has no value except that which is fleeting.
The US dollar has already failed several times, the last time it failed was August 16, 1971.
The definition of Tokeprep's "Modern" and "Stable" pretty much stacks the deck doesn't it?
How many countries were modern and stable until they started printing currency like mad?
But before he ever said that he said that if you wanted to beat inflation it was easy and that you could do it with CD's, Bonds, Treasuries, etc etc etc. Then he had to backtrack a whoooooole bunch when it was brought to his attention the yields of those assets. He's been backtracking and denying it ever since.
cannabineer
Ursus marijanus
I tied to look up the relationship between interest rates and inflation. I'm no economist; I admit defeat. cn
Generally the relationship is an inverse one. Larger interest rates lead to greater savings, especially if the rate is greater than the inflation.
twostrokenut
Well-Known Member
See I never asked you to define any of that. I asked a simple question and somehow we are here and you are defining something unrelated that noone asked for. All I am reading here honestly is just a dodge to my original question that got us to this point.
twostrokenut
Well-Known Member
lmfao what the hell is fiat currency death and where can I get the stats on it... from bls? The gao perhaps maybe the IMF?
I admit nothing. Your contingency hasn't happened yet regardless of what I think.
The pound has been around for 300 years. I don't know if it will last another 300, but it's not going anywhere soon.
Why would I? It's free, and that's why it's a ridiculous and illogical comparison.
I gave up on none of those things. I had the last post on CPI; you proved my point about CDs, treasuries, and bonds beating inflation when you posted 10 year return numbers; and no one here had any luck defeating my examples of currency creation without debt. You can rewrite history, but the truth is very easily found here.