SOON! the dollar will be "WORTHLESS"

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“You think so?”

Level 8

Since: Nov 12

Greensburg, IN

#1 Jul 24, 2014
does that worry you?

For more than 50 years, Americans have never really thought twice about the value of our currency.

But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans.

That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact.

We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money.

But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency.

And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble.

One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition.
Paris Hilton

Medford, NY

#2 Jul 24, 2014
What's a dollar?

“You think so?”

Level 8

Since: Nov 12

Greensburg, IN

#3 Jul 24, 2014
We'll be on the DILF ... short for "Dollars inflated lose final"
See above 'post'.

Question: What Is the Value of a Dollar Today?

Answer: The value of the dollar today is less than it was in the past. When the dollar loses value, that's called inflation. That's because prices seem inflated as each dollar is able to buy less and less.

How much lower is today's dollar value? In 1913 you could buy as much with a dollar as you can with $23.63 in 2014, more than 100 years later. By 1920, the dollar had lost about half its value, and was worth $11.48 in today's value. Deflation (the opposite of inflation) during the Great Depression of 1929 increased the value of the dollar to $13.43. By 1940, the dollar was worth even more -- it could buy as much as $16.40 could today.

http://useconomy.about.com/od/inflationfaq/f/...

Level 7

Since: Dec 12

Location hidden

#4 Jul 24, 2014
Soon?

Try has and is getting worse.

Quickly!
Paris Hilton

Medford, NY

#5 Jul 24, 2014
OMG!!!

What will happen to all the Dollar Stores that have opened up all over the place?

“Denny Crain”

Level 8

Since: Jan 11

Location hidden

#6 Jul 24, 2014
Hoosier Hillbilly wrote:
We'll be on the DILF ... short for "Dollars inflated lose final"
See above 'post'.
Question: What Is the Value of a Dollar Today?
Answer: The value of the dollar today is less than it was in the past. When the dollar loses value, that's called inflation. That's because prices seem inflated as each dollar is able to buy less and less.
How much lower is today's dollar value? In 1913 you could buy as much with a dollar as you can with $23.63 in 2014, more than 100 years later. By 1920, the dollar had lost about half its value, and was worth $11.48 in today's value. Deflation (the opposite of inflation) during the Great Depression of 1929 increased the value of the dollar to $13.43. By 1940, the dollar was worth even more -- it could buy as much as $16.40 could today.
http://useconomy.about.com/od/inflationfaq/f/...
With a debt of over 17 trillion dollars we may be nearer than we think to this happening. I know of no currency that is backed up with gold or silver. Obama is going to bankrupt the nation
Get a clue

Salt Lake City, UT

#7 Jul 24, 2014
Denny CranesPlace wrote:
<quoted text> With a debt of over 17 trillion dollars we may be nearer than we think to this happening. I know of no currency that is backed up with gold or silver. Obama is going to bankrupt the nation
This place was bankrupt long before Obama took office. There never was, is no way now and never will be a way to pay off the national debt. But go ahead and blame just one single president for the predicament this shit hole is in. What ever makes you feel better. Moron

Level 7

Since: Dec 12

Location hidden

#8 Jul 26, 2014
Look at Canada.
They don't have pennies anymore.
They did away with nickels and dimes too.

Hope the US don't do this.

“Groooovin'”

Since: Feb 14

Location hidden

#9 Jul 26, 2014
Yeah..The Bubble Gum Machine Industry WILL go Under..if THAT Happens..

NOT too mention..CRYING BRATTY kids Wanting their GUM FIX!!
innocent_bystand er

Reading, PA

#10 Jul 27, 2014
Petal Power wrote:
Yeah..The Bubble Gum Machine Industry WILL go Under..if THAT Happens..
NOT too mention..CRYING BRATTY kids Wanting their GUM FIX!!
They won't go under, they take quarters now.
Level 7

Since: Sep 08

Bartlesville, OK

#11 Jul 27, 2014
Soon????

That's an understatement..you get a CD..and get what??.7 %...what's the point..I'll keep my money in a mattress or something..lol..

Steve

“Groooovin'”

Since: Feb 14

Location hidden

#12 Jul 27, 2014
I prefer COINS myself!!

“New & Improved..”

Level 8

Since: Oct 07

Formerly From Kenya

#13 Jul 28, 2014
Paris Hilton wrote:
OMG!!!
What will happen to all the Dollar Stores that have opened up all over the place?
We'll have to go back to the ol' 5 & dime...what's your wool worth?

Level 7

Since: Dec 12

Location hidden

#14 Jul 28, 2014
No more like the $ 5.00 & $ 10.00 store..........

“Denny Crain”

Level 8

Since: Jan 11

Location hidden

#15 Jul 28, 2014
Sally Brown wrote:
Look at Canada.
They don't have pennies anymore.
They did away with nickels and dimes too.
Hope the US don't do this.
It cost the government 2 cents to make a penny

“You think so?”

Level 8

Since: Nov 12

Greensburg, IN

#16 Jul 28, 2014
Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think.

“Denny Crain”

Level 8

Since: Jan 11

Location hidden

#17 Jul 28, 2014
Get a clue wrote:
<quoted text>
This place was bankrupt long before Obama took office. There never was, is no way now and never will be a way to pay off the national debt. But go ahead and blame just one single president for the predicament this shit hole is in. What ever makes you feel better. Moron
When Obama took office the debt from ALL past presidents was 10 trillion dollars. In only 6 years Obama has run up the debt to 17 trillion and he will probably double the debt in his term to 20 trillion
Its your fantasy

Los Angeles, CA

#18 Jul 28, 2014
Screaming about this president or any other won't stop the national debt from rising. The system isn't set up that way. The U.S. is a debt based economy. But since you want to play the "blame game", let's see what you have to say about your god Reagan. He increased the debt by 188.6%. Bush sr raised it 55%. JR raised it 86%. Didn't hear from the right when those presidents were raising the debt. Did hear quite a bit of crap about Clinton though. He raised it by 37%. There's still two years to go on president Obamas term. At the rate it's going, I'd wager his numbers will be lower than Reagan's.

“Denny Crain”

Level 8

Since: Jan 11

Location hidden

#19 Jul 28, 2014
Its your fantasy wrote:
Screaming about this president or any other won't stop the national debt from rising. The system isn't set up that way. The U.S. is a debt based economy. But since you want to play the "blame game", let's see what you have to say about your god Reagan. He increased the debt by 188.6%. Bush sr raised it 55%. JR raised it 86%. Didn't hear from the right when those presidents were raising the debt. Did hear quite a bit of crap about Clinton though. He raised it by 37%. There's still two years to go on president Obamas term. At the rate it's going, I'd wager his numbers will be lower than Reagan's.
Try talking dollars not percent :) Obama stand a good chance of doubling the national debt by the end of his miserable term. He would have spent more than all past presidents combined

Level 7

Since: Dec 12

Location hidden

#20 Jul 28, 2014
Denny CranesPlace wrote:
<quoted text> It cost the government 2 cents to make a penny
Shhhhhh..........don't say it toooooo loud they might hear you!

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