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| 11:50 PM | ||
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CNBC: Are Fiat Currencies Headed for a Collapse? | |
| G3 G3  User ID: 1531577  United States07/29/2012 05:47 PM  Report Abusive Post Report Copyright Violation | |
| G3 (OP) G3 User ID: 1531577 United States07/29/2012 05:51 PM Report Abusive Post Report Copyright Violation | |
| G3 (OP) G3 User ID: 1531577 United States07/29/2012 05:54 PM Report Abusive Post Report Copyright Violation | the article ends with. . . As the fiat currency debate gains momentum and relevance, one London-based manager of a billion dollar fund says the answer about what lies ahead is in the past. “Every single fiat currency in history has collapsed, this time will be no different.” Last Edited by G3 on 07/29/2012 05:54 PM |
| TARD-OMNI User ID: 13652486 United States07/29/2012 05:55 PM Report Abusive Post Report Copyright Violation | |
| 11.11.11 User ID: 20829809 United States07/29/2012 05:57 PM  Report Abusive Post Report Copyright Violation | |
| s. d. butler User ID: 974819 United States07/29/2012 06:05 PM Report Abusive Post Report Copyright Violation | Are Fiat Currencies Headed for a Collapse? Quoting: G3 Published: Friday, 27 Jul 2012 | 5:27 AM ET As the investment world eagerly awaits more stimulus, a debate on a previously unthinkable topic has started to emerge – can fiat currencies survive round after round of debasement? Some heavy hitters say the answer is no. A fiat currency derives its worth from the issuing government - it is not fixed in value to any objective standard. That means central banks can print as much money as they want. If an economy is struggling, injecting more notes into the system juices activity but lowers the value of the currency in question. With major central banks all desperate to stimulate their economies, some say currencies have entered a dangerous new phase often described as a race to the bottom. cont'd: [link to www.cnbc.com] This is one of the things Ron Paul has said all along. Now that he is out of the picture, the MSM brings it up. Wonder what all the RP haters will say when the currency does collapse? |
| Anonymous Coward User ID: 7029153 United States07/29/2012 06:09 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 3940512 United States07/29/2012 06:12 PM Report Abusive Post Report Copyright Violation | Are Fiat Currencies Headed for a Collapse? Quoting: G3 Published: Friday, 27 Jul 2012 | 5:27 AM ET As the investment world eagerly awaits more stimulus, a debate on a previously unthinkable topic has started to emerge – can fiat currencies survive round after round of debasement? Some heavy hitters say the answer is no. A fiat currency derives its worth from the issuing government - it is not fixed in value to any objective standard. That means central banks can print as much money as they want. If an economy is struggling, injecting more notes into the system juices activity but lowers the value of the currency in question. With major central banks all desperate to stimulate their economies, some say currencies have entered a dangerous new phase often described as a race to the bottom. cont'd: [link to www.cnbc.com] This is one of the things Ron Paul has said all along. Now that he is out of the picture, the MSM brings it up. Wonder what all the RP haters will say when the currency does collapse? dont need the old timing, semi-coherant blatantly authoritarian pro-corporate-welfare rhetoric\baggage of RP to dislike our economic policy. In fact, while the ridiculous tea party was looking for AA actors to carry guns at rallys, the 99%ers amassed a world wide anti-fiat, anti-centralized excess movement, and you guys wouldnt join them because the unions were on their sides... its like the r3tardd 'growers' in cali - trying to join forces with the FOP and Busch to lobby against legalizatiion? what idiots.. |
| Anonymous Coward User ID: 20844441 United States07/29/2012 06:15 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1444339 United States07/29/2012 06:17 PM Report Abusive Post Report Copyright Violation | |
| Eddie Blake User ID: 20822261 United States07/29/2012 06:18 PM Report Abusive Post Report Copyright Violation | Of course not. History teaches us that all fiat currencies ever conceived have enriched the civilizations who adopted them, and they are all still with us today. And the Bernanke/Giethner/Obama Axis knows economics, baby, so it's all good.  "You sound bitter. You're a strange man, Blake. You have strange attitudes to life and war." |
| Anonymous Coward User ID: 4944290 United States07/29/2012 06:18 PM Report Abusive Post Report Copyright Violation | How many freaking times are we going to here that the Fiat Currency is going to collapse and it never does.. Quoting: Anonymous Coward 20844441 This makes about 100 predictions since 2008 thet the Fiat Currency will collapse..  If the fiat monetary system collapes it will because the PTB want them to!! WAKE UP!!!! (google the phrase "warn the people") |
| Anonymous Coward User ID: 20833598 United States07/29/2012 06:20 PM Report Abusive Post Report Copyright Violation | |
| Eddie Blake User ID: 20822261 United States07/29/2012 06:20 PM Report Abusive Post Report Copyright Violation | How many freaking times are we going to here that the Fiat Currency is going to collapse and it never does.. Quoting: Anonymous Coward 20844441 This makes about 100 predictions since 2008 thet the Fiat Currency will collapse.. AC is correct! The Weimar Marks are still as valuable today as the day they were printed! Same with Confederate dollars and Zimbabwe currency! "You sound bitter. You're a strange man, Blake. You have strange attitudes to life and war." |
| \\'hyte \\'olf User ID: 14202392 United States07/29/2012 06:23 PM Report Abusive Post Report Copyright Violation | How many freaking times are we going to here that the Fiat Currency is going to collapse and it never does.. Quoting: Anonymous Coward 20844441 This makes about 100 predictions since 2008 thet the Fiat Currency will collapse.. When it does collapse, I would hate to be you... You do realize that the US Dollar is the Reserve Currency of the World? What if China, India and Japan want to call in our debt? Can you say Economic Implosion....because I can say Hyperinflation.... "I Will Limit Your Access To My Reality..." :WhyteWolf: |
| Anonymous Coward User ID: 20556831  Japan07/29/2012 06:26 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 20581494  Canada07/29/2012 06:45 PM Report Abusive Post Report Copyright Violation | |
| Philligan in rainbows User ID: 20818909 United States07/29/2012 07:01 PM  Report Abusive Post Report Copyright Violation | Whether you want to put the bs flag up or not the fact is that the easing by the fed continues to weaken the dollar. Gold and silver will double within the next 2 to 3 years. Turn me back into the pet that i was when we met. I was happier then with no mind-set. |
| Anonymous Coward User ID: 9014106  Australia07/29/2012 07:07 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 10389511 United States07/29/2012 07:19 PM Report Abusive Post Report Copyright Violation | |
| muppet User ID: 2823820  United Kingdom07/29/2012 07:22 PM Report Abusive Post Report Copyright Violation | I love this debate because it's still difficult to know which way to go. Gold is historically over stretched and holders all want you to keep buying but central governments are historically over retarded and keep printing. Something tells me we "need" another massive distraction. BTW there is tons more metal certificates than holdings and you can't eat gold. Last Edited by muppet on 07/29/2012 07:23 PM |
| Anonymous Coward User ID: 3940512 United States07/29/2012 07:23 PM Report Abusive Post Report Copyright Violation | Yeah so? They just need to start back up with a new kind of currency. A one world currency. Which is what the whole plan is anyway. Quoting: Anonymous Coward 1444339 The people of the world can just invent our own currency and lock most of the bankers out. and we will eventually at this rate of technology - and the bankers know it cuz they hire smart people to tell them of these possibilities. |
| TURMOIL User ID: 19331825 United States07/29/2012 07:25 PM  Report Abusive Post Report Copyright Violation | I think the currency is already in a collapse sitution. The currency in circulation and in bank computers is grossly under reported, when number become accurate our currency will lose all value. I have no proof, but I know the government is lying in every financial report. |
| Anonymous Coward User ID: 3940512 United States07/29/2012 07:25 PM Report Abusive Post Report Copyright Violation | Of course not. History teaches us that all fiat currencies ever conceived have enriched the civilizations who adopted them, and they are all still with us today. Quoting: Eddie Blake And the Bernanke/Giethner/Obama Axis knows economics, baby, so it's all good. Cannot tell if this is sarcasm.... Must be.. However what you say is probably true - we just need to remove usurous debt practices from the financial calculations of the private organizations that have taken over our public right...... Education, security, healthcare, etc... Its not natural to have a profit motive in these things. Not a top down corporate style profit motive anyway. |
| Anonymous Coward User ID: 20833598 United States07/29/2012 07:26 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 20833598 United States07/29/2012 07:27 PM Report Abusive Post Report Copyright Violation | I think the currency is already in a collapse sitution. The currency in circulation and in bank computers is grossly under reported, when number become accurate our currency will lose all value. Quoting: TURMOIL I have no proof, but I know the government is lying in every financial report. You're right. They're creating currency in CYBERSPACE. IT DOESN'T REPRESENT WEALTH. It doesn't represent anything real. I just wish I knew which way to RUN! |
| Anonymous Coward User ID: 20402331 United States07/29/2012 07:28 PM Report Abusive Post Report Copyright Violation | That the MSM have even brought this up, in my opinion, 'is significant.' Quoting: Anonymous Coward 9014106 No its not. The MSM would sell their own mother if got a single eyeball to their site/programs. I remember a MSM article a couple of months ago "Top 10 Most dangerous financial reporters" 1/2 were legitimately independent: Tabbi, ZH, etc. The other half were 100% mainstream Milquetoast that the networks/websites were prepping for new time slots/columns. |
| TURMOIL User ID: 19331825 United States07/29/2012 07:44 PM Report Abusive Post Report Copyright Violation | I think the currency is already in a collapse sitution. The currency in circulation and in bank computers is grossly under reported, when number become accurate our currency will lose all value. Quoting: TURMOIL I have no proof, but I know the government is lying in every financial report. You're right. They're creating currency in CYBERSPACE. IT DOESN'T REPRESENT WEALTH. It doesn't represent anything real. I just wish I knew which way to RUN! Run to silver...historically it's always held a 16:1 ratio with gold. We will see silver at $500/oz within a decade. |
| Anonymous Coward User ID: 20833598 United States07/29/2012 07:46 PM Report Abusive Post Report Copyright Violation | I think the currency is already in a collapse sitution. The currency in circulation and in bank computers is grossly under reported, when number become accurate our currency will lose all value. Quoting: TURMOIL I have no proof, but I know the government is lying in every financial report. You're right. They're creating currency in CYBERSPACE. IT DOESN'T REPRESENT WEALTH. It doesn't represent anything real. I just wish I knew which way to RUN! Run to silver...historically it's always held a 16:1 ratio with gold. We will see silver at $500/oz within a decade. Yeah, but after you have 100,000 ounces of it (LOL) it'l like trying to store a VW microbus in your house. |
| exploited User ID: 18864159 Canada07/29/2012 07:48 PM Report Abusive Post Report Copyright Violation | |
| TURMOIL User ID: 19331825 United States07/29/2012 07:48 PM Report Abusive Post Report Copyright Violation | I think the currency is already in a collapse sitution. The currency in circulation and in bank computers is grossly under reported, when number become accurate our currency will lose all value. Quoting: TURMOIL I have no proof, but I know the government is lying in every financial report. You're right. They're creating currency in CYBERSPACE. IT DOESN'T REPRESENT WEALTH. It doesn't represent anything real. I just wish I knew which way to RUN! Run to silver...historically it's always held a 16:1 ratio with gold. We will see silver at $500/oz within a decade. Yeah, but after you have 100,000 ounces of it (LOL) it'l like trying to store a VW microbus in your house. At least it'll be where you left it. If you left it in silver stocks on the stock market, it doesn't matter if you have 10000000 oz's you won't see one in return. Physical silver IN YOUR POSSESSION is the most important, once the currency collapses you won't get to a safety deposit box. |
