This is a very significant development in the world that I figured I would share with my people here at the Mag.

The dollar is dying before our very eyes. To think that our government thinks it can spend and spend and spend and then create money on a printing press to cover those bills is just stupid.

Every time the government makes another dollar, the value of all other dollars out there DECREASES. To put it in perspective, in 1920, a $20 bill or a $20 gold coin could buy you a nice suit. In 2010, a $20 bill cannot buy you a nice suit, but a gold coin can. The value of a 2010 dollar in 1920 is about .02. Yes, two cents.

Guys, buy silver, food, and guns.

Just imagine what will happen when the governments of the world realize that gold and silver hold no monetary value at all, and that we have been trading it for thousands of years just because it looked nice. (In reality there is no such thing as a true value of money...)

On topic: Thanks for ruining my generation guys. I'm gonna be the one dealing with these problems in my future, while you guys are retiring and dying.

What do you even pretend to mean by 'true' value of money? Things have value because humans want them, that's the only 'true' value of anything.
You should probably swap out "Sinistral of Disease" for "Fiscal Platonist."

This made me laugh, purely because i was just reading something on Counterpunch with at least tangential relation.

I like how the whole problem was presented as one for american 'shoppers' (though frankly I'm still a little uncertain as to how likely any of it is to happen yet!). Also liked how the report finished by thinking up (fanciful) reasons as to why american 'shopping' will not be damaged by Russia and China eschewing the dollar.

I'll have to read up on it all, though. It seems like an interesting situation.



I'm not sure which one of the Magonians is the stock broker, economic policy advisor, lobbyist or investment banker to whom you are attributing the economic disrepair. Could you specify? Who is it here who should be blamed for ruining the future?

also








'the Ben Bernank', heheh ^_^

Well, 'just a matter of time before our country is finished entirely. .... Perhaps we got a bit too haughty just because we managed to beat that evil empire that Regal's from once upon a time.

While it is a known fact that the monetary value of the dollar is decreasing (in relation to some other foreign currencies), sometimes I wonder if the corporations and government, as well as the media, are overblowing this whole thing. After all, what better way profit then to put people in a panic?

Fox News fear-mongering. That would never happen.

The video Regal shared was awesome (and depressing). You would think we would have learned our lesson not to trust Goldman Sachs after the whole Home/Subprime market fiasco.