Is the Collapse of the Dollar Inevitable? [W:98]

[iliveonramen]

Re: Is the Collapse of the Dollar Inevitable?

false. I will certainly be happy to barter with people using gold. no conversion required.

That's not bartering...you're not exchanging one good or service for another...you're using gold as a medium to hold value. The only reason gold is worth anything is that people are willing to accept it to hold value...just like any other currency. Just like the dollar bill.

The only reason gold holds this mythical place as some commodity not really a commodity is strictly tradition.

 

[JP Hochbaum]

Re: Is the Collapse of the Dollar Inevitable?

Hopefully with all the personal drama out of the way I will restate my viewpoint.

In a level playing field, the dollar would of already collapsed and we would of already defaulted on our promises.

The fact is, it isn’t a level playing field. As I pointed out, we told the international community that the agreements we made were going to be ended unilaterally. Other countries can’t do this. If they could, they certainly would.

It is inevitable that we will not be the most powerful nation on earth at some point. When that happens, I feel sorry for those still living in this country as are arrogance will be returned in spaded and our system will collapse.

If yo don't want things to get personal then stop using the name calling, so I will agree to get back on point if you start addressing my posts in a civil way.

 

[ARealConservative]

Re: Is the Collapse of the Dollar Inevitable?

That's not bartering...you're not exchanging one good or service for another...you're using gold as a medium to hold value. The only reason gold is worth anything is that people are willing to accept it to hold value...just like any other currency. Just like the dollar bill.

The only reason gold holds this mythical place as some commodity not really a commodity is strictly tradition.

you will have to find someone else interested in your semantic arguments.

meanwhile, I will certainly be willing to haggle with someone wishing to buy goods and services with gold, making the statement I responded to a false one.

 

[Khayembii Communique]

Re: Is the Collapse of the Dollar Inevitable?

meanwhile, I will certainly be willing to haggle with someone wishing to buy goods and services with gold, making the statement I responded to a false one.

Making gold the common medium of exchange would make gold money. If you are trading with money you are not bartering.

 

[ARealConservative]

Re: Is the Collapse of the Dollar Inevitable?

Making gold the common medium of exchange would make gold money. If you are trading with money you are not bartering.

lol. semantic arguments is all you guys have to fall back on?


I used barter when I meant the act of negotiation. Although haggle and barter are synonyms, since it is so confusing for you guys, just imagine I always used the word haggle, and never used barter.

and we will ignore that none of that has any bearing on the context of the incorrect post I responded to that remains false.

 

[Khayembii Communique]

Re: Is the Collapse of the Dollar Inevitable?

lol so you're seriously arguing we back to gold coinage

 

[ARealConservative]

Re: Is the Collapse of the Dollar Inevitable?

lol so you're seriously arguing we back to gold coinage

I suggest we allow the market to decide by simply removing taxes on the exchange of gold and removing legal tender laws.

This will implement real checks and balances making the fed actually pay more then lip service to their dual mandate.

 

[Khayembii Communique]

Re: Is the Collapse of the Dollar Inevitable?

I don't know why I even responded to you when that's what you believe and how inflammatory you have been. You sure have managed to disrupt this thread, which I guess was your intended goal. Anyways, you've stated your silly position so that's good enough for me.

 

[ARealConservative]

Re: Is the Collapse of the Dollar Inevitable?

I don't know why I even responded to you when that's what you believe and how inflammatory you have been. You sure have managed to disrupt this thread, which I guess was your intended goal. Anyways, you've stated your silly position so that's good enough for me.

disrupt? lmao. everyone else is so busy patting each other on the back for posting stupid stuff, and I am the disruptive one. Yes, I disrupted the echo chamber, and some people got pretty angry over it.

lets hear again how brilliant it is to compare invested dollars with buried gold. let's pretend our system was stable in 1971, and that are credit rating was not downgraded because of the sharp divide in our political process.

or lets talk about how inflammatory I have been as I walked into a thread with others calling Austrians goofy and pathetic. Funny how those people were being civil, and I am the inflammatory disruptive one.

 

[Cardinal Fang]

Re: Is the Collapse of the Dollar Inevitable?

The point that went over your head is that incomes and the prices of goods do not magically rise in unison.

They did in the example provided, and your agreement as to equivalence reduced your initial claim to the worthless pile of rubble that it was to begin with.

My claim was that the dollar has lost value. Refuting anything else does not refute the original claim.

So you admit that the claim was pointless. There simply ARE no implications to it at all.

Whether the move is savvy or not is completely irrelevant. If the dollar is not accepted as payment, it will lose value. I made no comment on the likelihood of this happening anytime soon, nor is such comment relevant.

So you base your claims on supposed events and conditions that you yourself recognize as being so wildly improbable as to be impossible.

Increasing the money supply will put upward pressure on prices.

Repeating a phony claim does not make it more valid.

When did I say hyperinflation was about to occur in the US?

So all of your hyperinflation talk was of exactly no relevance whatsoever either. All just purposeless, unrelated anecdote.

 

[Cardinal Fang]

Re: Is the Collapse of the Dollar Inevitable?

96 dollars today buys the same as 1 dollar 100 years ago.

Jesus, Mary, and Joseph. $23.18 today buys the same as 1 dollar 100 years ago. People should at least be able to do 4th grade math correctly.

 

[imagep]

Re: Is the Collapse of the Dollar Inevitable?

I suggest we allow the market to decide by simply removing taxes on the exchange of gold and removing legal tender laws.

This will implement real checks and balances making the fed actually pay more then lip service to their dual mandate.

So you are saying that we shouldn't have sales tax because sales taxes reduce trade? Does sales tax only reduce trade of gold, or does it also reduce trade of everything? If it reduces the trade of everything, then sure, we should get rid of sales tax, it is obviously holding back our economy, and we shouldn't support any type of consumption or VAT tax either for the same reason.