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The Water Cooler
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The demise of the dollar? Reserve currencies in the era of ‘going big’
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<blockquote data-quote="ForsakenConservative" data-source="post: 3583233" data-attributes="member: 47240"><p>I don’t know cow pies from shinola, but I believe intentional collapsing of the dollar has been in work since Nixon finished what FDR started. “Inflation” (devaluation) is just a way to increase the volume of dollars changing hands for any given transaction (the “value” of the transaction did not change). Since most tax revenue is based on percentages of those transactions, tax “revenue” increases. I believe simply increasing revenue to pay war debt was initially the only goal, but politician greed has left the collapse of the fiat currency we now have inevitable. I wouldn’t argue against the mixed bag of reserve currencies idea, but I really think they would prefer a digital currency that they can track, and tax EVERY transaction. I would also bet most socialist demoncrats would openly tell you that is their goal, since it’s “the government’s money” anyhow. As far as gold is concerned, I always wondered why all those companies are willing to sell you “the only thing that has never been worthless” in exchange for dollars, because they don’t expect you’ll be allowed to keep it. I remembered what FDR did (by executive order); he demanded all bullion be “sold” to the IRS for the fixed price. Once he was satisfied nearly all had been collected, he “raised” the price to make it look on paper that the government was on better financial footing. I’m not buying gold, you can’t eat it or shoot it anyhow. I’m working to get out of debt as fast as possible. Nazi Germany used confiscated real estate as the basis of their new currency. If you think that can’t happen to you, just consider the fact that most mortgages are underwritten by Fannie Mae or Freddie Mac......the government already holds it. Keep your powder dry, folks!</p><p>Sorry for the long rant........</p></blockquote><p></p>
[QUOTE="ForsakenConservative, post: 3583233, member: 47240"] I don’t know cow pies from shinola, but I believe intentional collapsing of the dollar has been in work since Nixon finished what FDR started. “Inflation” (devaluation) is just a way to increase the volume of dollars changing hands for any given transaction (the “value” of the transaction did not change). Since most tax revenue is based on percentages of those transactions, tax “revenue” increases. I believe simply increasing revenue to pay war debt was initially the only goal, but politician greed has left the collapse of the fiat currency we now have inevitable. I wouldn’t argue against the mixed bag of reserve currencies idea, but I really think they would prefer a digital currency that they can track, and tax EVERY transaction. I would also bet most socialist demoncrats would openly tell you that is their goal, since it’s “the government’s money” anyhow. As far as gold is concerned, I always wondered why all those companies are willing to sell you “the only thing that has never been worthless” in exchange for dollars, because they don’t expect you’ll be allowed to keep it. I remembered what FDR did (by executive order); he demanded all bullion be “sold” to the IRS for the fixed price. Once he was satisfied nearly all had been collected, he “raised” the price to make it look on paper that the government was on better financial footing. I’m not buying gold, you can’t eat it or shoot it anyhow. I’m working to get out of debt as fast as possible. Nazi Germany used confiscated real estate as the basis of their new currency. If you think that can’t happen to you, just consider the fact that most mortgages are underwritten by Fannie Mae or Freddie Mac......the government already holds it. Keep your powder dry, folks! Sorry for the long rant........ [/QUOTE]
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