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"When the people find they can vote themselves money, that will herald the end of the republic." - Benjamin Franklin;
"And when politicians find that honor and character matter less than buying votes and a constituency, that too will herald the end of the Constitution. When that happens we must work tirelessly to change their minds, or their occupation!" - Hoping The Blind Will See
Sunday, November 15, 2009
Do you believe the US Dollar will crumble?
In this recent poll 14% said it could never happen, 42% said within a year and another 42% said within 3 years. No one who voted, and thought it would happen, thought it would occur later than 3 years from now...
Define "crumble" and we're a lot closer to the point. We will face serious inflation. There is a cause and effect in place. The Treasury must print more money to back less value = inflation. Therefore each dollar will be worth less (not necessary worthless).
Define "crumble" and we're a lot closer to the point. We will face serious inflation. There is a cause and effect in place. The Treasury must print more money to back less value = inflation. Therefore each dollar will be worth less (not necessary worthless).
ReplyDeleteBy crumble I mean become worthless because of hyper-inflation and be replaced by a one-world currency.
ReplyDelete