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: Robin Plunder who wrote (95644)7/17/2008 12:46:26 AM
From: RJA_  Read Replies (4) of 110194
 
Without fiat money, there is no way to take advantage of reserve currency status (in the process destroying it, but over much much time...).

Which means, you cant get something for nothing.

This is a problem if you are addicted to same.

It also eliminates the tax on the citizenry (and anyone who takes and holds it) of an ever depreciating currency... a way to pay for stuff by just printing, rather than taxing out in the open. Its a hidden tax... and it goes away if fiat is destroyed... which means, if your salary is being paid that way, or if you are toward the front of the queue in receiving ever depreciating dollars (ie working the federal govmt) you have a stake in keeping the system as it is, cause if it changed, the govmt probably could not afford YOU.

So... friends of fiat abound and if thinking at all, are enemies of gold, publicly, while privately stocking up, I would guess...

Downside -- without fiat, Soc Sec and Medicare probably dead after tax cuts and wastrel Iraq war.

Soros by the way believes this was the design:

Cut taxes --> Have war --> balloon the deficit --> destroy the social programs (because we can no longer afford them due to the ballooned deficit).

Fits neocon agenda.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News