SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: UncleBigs who wrote (66752)7/24/2006 5:50:31 AM
From: Mike Johnston  Read Replies (2) of 110194
 
The only true money in our fraudulent fiat monetary system is printed currency.

The dollar is not true money because it is not a store of value. Period.

Fraudulent fiat system but the product of this system is true and rare ? This reminds me of a contradiction that was printed in the WSJ many, many times over the last few years:
"America enjoys rapidly rising house prices and low inflation "

The arguments that you bring up actually support a conclusion that you are trying to disprove.

In your scenario of everyone wanting to withdraw money from the bank and financial system collapse, the printed currency would lose value very rapidly because the Fed would print tons of it, no one would want to hold it and people would quickly exchange whatever they had into real goods and gold.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News