We are going to kill the Dollar

[Mega]

Yep

[Mega]

Re: We are going to kill the Dollar

[don]

Re: We are going to kill the Dollar

we won't allow nominal wage deflation

Is that a reference to not lowering the federal minimum wage? In every real world sense, it's been not only "allowed" but the norm for years.

[tsouftsaf]

Re: We are going to kill the Dollar

What is "money"? Is it the same as "currency"? What about gold?

[...] Many say that "gold is a bubble" or "i am not interested in investing my money in gold because i do not want to invest, I want my money to be stable and not having to worry about how my investment will perform".

In reality, these people have no money. They only have currency.

All of humanity is today participating in an "experiment" where we are all investors, even without realizing it. We are by default investing our money in various currencies (apart from all the other investments that someone can make such as shares, etc).

These currencies, like any other investment, can rise and fall - maybe you will make a profit if the currency you use rises, or even completely lose your money (if the value of the currency in which you invest goes to zero (hyperinflation)).

In contrast, gold is money (not currency), and it remains constant. In fact, it is the only thing that remains constant. Its value has never gone down to zero in the thousand of years that it has been used as money, and actually it has not changed much. Gold just stays constant, as a storage of wealth.

As for the value of gold against all the currencies breaking one record after another, it is not because gold is rising, but because the currencies are falling.

So, anyone looking for stability and wanting to protect his wealth, will actually have to resort to gold.

Unfortunately, most people are economically illiterate (the ruling class has made sure of it for it, and the today's "left" has not done much better). This is why most people think that that the currency is what remains constant, and that gold is what is changing. This way of thinking suits the ruling class, which is why they propagate it, as it enables them to steal from people by inflating the currency, without the people realizing it (since in the minds of most people, the currency is stable, and gold is "an investment" that may or may not do well. Most people do not want to invest their money, they just want to store it, so they choose currency over gold, when if fact gold is what they are looking for stability-wise).

Someone could argue that maybe the dollar, the euro or some other currency will actually do well - if they do, then maybe it is better for someone to own currency instead of money (gold). And if the economy is growing, then this is true - for the short term at least: If you decide to invest your money and start a business, maybe this business will do well, and you will become a rich person with lots of money. But what happens if your business does not go well?

“Don’t be a pessimist”, some will say, maybe businesses will do well in the future.

In today's environment however, this is impossible - and here's why:

[...]

[Dave Stratman]

Re: We are going to kill the Dollar

FRED--I've been waiting anxiously for EJ's predictions/prescriptions for 2012 regarding gold and all manner of things. Any word when these might be available for subscribers?