The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Giordano Bruno who wrote (4331)	2/16/2008 9:32:05 AM
From: Real Man	Read Replies (2) of 71456

Found this fun site - US history of fiat and gold. <g> kwaves.com "Hyperinflation is the terminal stage of any fiat currency. In hyperinflation, money loses most of its value practically overnight. Hyperinflation is often the result of increasing regular inflation to the point where all confidence in money is lost. In a fiat monetary system, the value of money is based on confidence, and once that confidence is gone, money irreversibly becomes worthless, regardless of its scarcity. Gold has replaced every fiat currency for the past 3000 years. The United States has so far avoided hyperinflation by shifting between a fiat and gold standard over the past 200 years."

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