[img src=" http://ei.marketwatch.com/Multimedia/2014/02/...
; alt=" http://ei.marketwatch.com/Multimedia/2014/02/...
Make your own comparison but according to this chart we're domed this year if not next and an open debt ceiling
may be the straw that broke the camels back.
If "WE" do go into a =Depression= I fear we'll never make our way out of it.
The dollar will become as worthless as Confederate currency, without the backing of this nation as a guarantee.
The obvious question is, "Without gold, what does guarantee the value of our money?" The answer is: nothing at all.
The only reason a dollar, or a franc, or a Euro has any value is because we have a stable system in which people are known to accept these pieces of paper in return for something valuable. Or, as Nobel Prize-winning economist Milton Friedman puts it, "the pieces of green paper have value because everybody thinks they have value."