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To: agere_contra
Fiat currency will unravel,

Yelling a four-letter word beginning w/ 'F' may be great at a New Hampshire rally but in the adult world we try to make sense.  Reality is that all money is set by gov't fiat.  If it's not gov't fiat it's bartering.  When someone pretends and insists that his gold or his silver or his palladium is some how "real" money and my dollar bills are not --it's well, delusional.

7 posted on 02/17/2016 4:35:32 AM PST by expat_panama
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To: expat_panama
Your dollar bills are not real money.

Dollar bills are currency. Like any other Fiat currency they have no value in themselves. If you hold dollars you are completely at the mercy of the issuer.

If the issuer creates trillions of dollars (or pounds, yen etc) and that Fiat finds its way into circulation, then your purchasing power is destroyed.

But real money retains its value. That is one of the attributes of money - that it has an intrinsic value that provides its purchasing power. It has no counter-party risk.

Don't believe me? Then just hang on a few months. A lot of monetary delusions are going to be dispelled this year.

16 posted on 02/17/2016 9:58:30 AM PST by agere_contra (Hamas has dug miles of tunnels - but no bomb-shelters.)
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