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Re: Question about U.S. debt [Re: Grandpa Trapper] #8155898
06/16/24 11:03 AM
06/16/24 11:03 AM
Joined: Dec 2010
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Armpit, ak
The Gold Standard

History of gold standard

It was not a panacea.


Who is John Galt?
Re: Question about U.S. debt [Re: Jtrapper] #8155914
06/16/24 12:00 PM
06/16/24 12:00 PM
Joined: Aug 2011
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
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B

Joined: Aug 2011
james bay frontierOnt.
Originally Posted by Jtrapper
Basically they have turned the dollar into monopoly money. Once oil start's trading in Chinese yen then you'll know how much debt we can stand. 1000.00 dollar bills for a loaf of bread, that type stuff is on the horizon. Currently we're printing a trillion dollars every 100 days, let the good times roll! Pretty similar to the roaring twentys, everyone was party down till the stock market crashed!

Remove the debt and quit printing trillion's of new dollars out of thin air and the dollar you have in your pocket would buy ALOT more stuff. Right now the dollar is the new penny and devaluing rapidly every passing month.


You southerners got experience with that when your confederate dollars took a dive and you switched over to the union dollar.
Should be able to switch over to the yen same thing.


Forget that fear of gravity-get a little savagery in your life.
Re: Question about U.S. debt [Re: Grandpa Trapper] #8156091
06/16/24 08:40 PM
06/16/24 08:40 PM
Joined: Mar 2007
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
McGrath, AK
The Yen is Japanese


Mean As Nails
Re: Question about U.S. debt [Re: Grandpa Trapper] #8156105
06/16/24 09:07 PM
06/16/24 09:07 PM
Joined: Jan 2007
central Haudenosaunee, the De...
W
white marlin Offline
trapper
white marlin  Offline
trapper
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Joined: Jan 2007
central Haudenosaunee, the De...
I didn't read the whole thread, but I used to [REALLY!] worry about the crazy, out of control spending .gov was doing, that would SURELY collapse the economy in a short time.

that was 40 years ago, and the spending has only grown logarithmically...

the economy hasn't collapsed yet.

Re: Question about U.S. debt [Re: Dirt] #8156167
06/16/24 10:32 PM
06/16/24 10:32 PM
Joined: May 2010
MN
S
Steven 49er Offline
trapper
Steven 49er  Offline
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Joined: May 2010
MN
Originally Posted by Dirt
The Gold Standard

History of gold standard

It was not a panacea.


And fiat currency is?

I'll take sound money principles


"Gold is money, everything else is just credit" JP Morgan
Re: Question about U.S. debt [Re: Grandpa Trapper] #8156204
06/17/24 12:38 AM
06/17/24 12:38 AM
Joined: Dec 2010
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Armpit, ak
One more time. Money facilitates barder.


Who is John Galt?
Re: Question about U.S. debt [Re: Grandpa Trapper] #8156288
06/17/24 08:52 AM
06/17/24 08:52 AM
Joined: Feb 2011
alberta
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spjones Offline
trapper
spjones  Offline
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Joined: Feb 2011
alberta

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