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The American dollar isn't crashing<Posted:

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The American dollar is crashing and whilst this is happening China is backing I think there currency is yen is being backed by gold and the Americans will go down the toilet which will then cause a war... opinions on this
#2. Posted:
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Yeah definitely not causing any grief any time soon
#3. Posted:
uwu
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What's your source for this info? I'd like to take a read at it.
#4. Posted:
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Berlin wroteWhat's your source for this info? I'd like to take a read at it.

Give me a few an I'll let you read
#5. Posted:
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Also if u were to check every 8-10 years there's a huge stock market or currency crash
#6. Posted:
AD4M
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Load of rubbish.

When, the press and markets would be all over this in a heartbeat. Not going to happen.
#7. Posted:
KyloCrux
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There is nothing wrong with the current currency. No war coming about it either.
#8. Posted:
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AD4M wroteLoad of rubbish.

When, the press and markets would be all over this in a heartbeat. Not going to happen.

Would they though they hide the stuff that's generally true do you really think America would let i the go through with the press really?
#9. Posted:
002
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It's not about what the dollar is backed by at all, it's about the value you give the dollar.

Let's say gold is our all time backer, that's not very good considering gold (as with any precious item) is very volatile. 6 years ago gold was worth $600 more per ounce than it is today (with inflation a little less than $650). We can back it way up to when gold was nearing $2100 per ounce in 1980 ($6,317.00 with inflation), then within 5 years it was down to about a third of it's value in 1980.

The really backer of the dollar is how you value it. To the majority of people gold is a useless heavy hunk of metal. We can't do anything with it, and it only has the value you give it. Now to an electrical company it has value, but to the average citizen it's useless. Anyway, the way we actually value the dollar is how we pay ourselves. The higher the minimum wage is, the less your dollar is worth. You can decide you want to make a lot of money and pass a law that says min wage is now $100/hour which is great, you're bringing in hopefully $800/day right? Well instead of milk being $2.50/gal, now all of the sudden it's $25/gal. Figuratively speaking, it's like getting paid in gold or bronze. Sure you will get paid the same amount, but it will take a lot more bronze (showing a high min wage) than it will gold (showing a low min wage) to pay you. Either way it's the same pay.

Think about it, why do you want the dollar to be backed? It does you as a person no good really because it's not like when the market crashes you can swap your dollar for the backing (though in the earlier days of the US you could with gold and silver dollars) but by that point, they are giving you a dollar worth of the backing but your dollar already dropped so your backing isn't going to be a big pay out. It will still only be worth what that dollar was.
#10. Posted:
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002 wroteIt's not about what the dollar is backed by at all, it's about the value you give the dollar.

Let's say gold is our all time backer, that's not very good considering gold (as with any precious item) is very volatile. 6 years ago gold was worth $600 more per ounce than it is today (with inflation a little less than $650). We can back it way up to when gold was nearing $2100 per ounce in 1980 ($6,317.00 with inflation), then within 5 years it was down to about a third of it's value in 1980.

The really backer of the dollar is how you value it. To the majority of people gold is a useless heavy hunk of metal. We can't do anything with it, and it only has the value you give it. Now to an electrical company it has value, but to the average citizen it's useless. Anyway, the way we actually value the dollar is how we pay ourselves. The higher the minimum wage is, the less your dollar is worth. You can decide you want to make a lot of money and pass a law that says min wage is now $100/hour which is great, you're bringing in hopefully $800/day right? Well instead of milk being $2.50/gal, now all of the sudden it's $25/gal. Figuratively speaking, it's like getting paid in gold or bronze. Sure you will get paid the same amount, but it will take a lot more bronze (showing a high min wage) than it will gold (showing a low min wage) to pay you. Either way it's the same pay.

Think about it, why do you want the dollar to be backed? It does you as a person no good really because it's not like when the market crashes you can swap your dollar for the backing (though in the earlier days of the US you could with gold and silver dollars) but by that point, they are giving you a dollar worth of the backing but your dollar already dropped so your backing isn't going to be a big pay out. It will still only be worth what that dollar was.


Well explained.

Where did you get this information from? Not you 002.
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