bush supports a strong $

Discussion in 'Economics' started by watchdaride, Jul 2, 2008.

  1. gnome

    gnome

    Actually, a country can cope with the first 90% of currency debasement... all you gotta do is increase prices 10X... which America has already done. (Some measures say the $USD has devalued by about 95% since the creation of the Fed in 1913.)

    It's that "last 5% or 1%" where things go parabolic in price and money value drops like a stone. I believe America is in that "last phase" now... should take 30-50 years for the annihilation of the average American to be complete.
     
    #21     Jul 2, 2008