Roughly which year is the US economy in?

Discussion in 'Economics' started by MohdSalleh, Nov 8, 2010.

  1. <p>analogous to which year? Can someone tell me? :D :D :D
    </p><img style="cursor: -moz-zoom-out;" alt="" src="" />
  2. Hopefully not analogous.

    Since the creation of the Fed in 1913 (Thank you Woodrow Wilson, you SOB!), the $USD has lost between 95-99% of its value... depending upon the metric used.

    That means, we've had a "100:1" devaluation. That "first 100:1" can usually be accommodated if it takes long enough... as it has in the US.... about 100 years. That SECOND 100:1 (where things that used to cost $1, now cost $10,000) is another matter.

  3. “Paper money eventually returns to its intrinsic value – ZERO”
    ~ Voltaire, 1729
  4. True, but we all have to be hoping "not in our lifetime".
  5. Imagine gold going to 10K.

    John Paulson would be the richest man in the world.
  6. Between 1920 and 1921.

    Heading towards the cliff faster than we may be able to put the breaks on.

    No long as you live in a State that has Energy, Food, Ports, Land, it's own state Air force and State Defense as well as Ron Paul, cheap labor force from Illegal and Legal immigration.

    The rest of you are fucked.