Originally Posted By SuperDry <<< Just like Rome, the American empire is on it's way out. Our fiat monetary system is finally being exposed as a fraudulent scam of the super wealthy. >>> And which country is going to replace America? Perhaps one WITHOUT a "fiat" currency? Which one is that?
Originally Posted By fkurucz "I've heard predictions of an imminent currency collapse and the breakup of the United States for several years now." I also heard similar prediction about the USSR and also thought it woould bever happen. And then it did. To presume that it can't happen here is pure arrogance. Do you really believe that we can run trillion dollar budget deficits into perpetuity with no consequences? >>Maybe watch some football this afternoon !<< That's what the Romans did to distract their citizenry from what what happening (Bread and circuses). It worked great ... until it stopped working.
Originally Posted By fkurucz "Works for me !" Glad to hear that you care so much about those who are less fortunate than you are.
Originally Posted By pecos bill I think the precious metals could make a comeback. A group of nations with a combined, metals backed currency could sink the dollar like a two foot putt. By the way, in my first post I forgot to mention our rotting, outdated and underfunded infrastructure. No Chicken Little here, just prudence, awareness and cold hard facts.
Originally Posted By fkurucz "And which country is going to replace America?" At this point it looks like China, India and Brazil. Every year we are transfering about 800 billion of our collective wealth to foreign powers. Its getting to the point where they are beginning to balk at lending us money because our "printing presses" continue to crank it out and there is great fear of dollar debasement. China is divesting itself of US dollar denominated assets (i.e our debt). There is already talk now of monetizing the national debt via inflation. Whatever happens, we are in store for a very bumpy ride. Gov't economists are finally admitting that a recovery is not around the corner.
Originally Posted By fkurucz "No Chicken Little here, just prudence, awareness and cold hard facts." Cold hard facts are "unAmerican". Haven't you read "The Secret"?
