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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (119542)10/10/2009 4:34:09 AM
From: Skeeter Bug  Read Replies (1) of 132070
 
when all paper currencies collapse.

the dollar has lost about 95% of its purchasing power in the last 100 years. i heard the dollar is down 40% relative to other currencies in the last 10 years alone.

now that savings rates are effectively 0% and the government is papering over trillions in fraudulent bankster casino losses, this debasement of the dollar really matters.

it is a big fall from reserve currency to regular currency - and only the dollar is running that risk.

actually, given all the fraud, lies and phony wars, the dollar will have its reserve currency yanked - the only question is when.
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