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Strategies & Market Trends : The coming US dollar crisis
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To: Wyätt Gwyön who wrote (23703)10/22/2009 2:14:29 AM
From: benwood  Read Replies (2) of 71406
 
1000 dollars invested 700 years ago at 1% would only be about million dollars. Remember that at 1%, the doubling is in 70 years, so after 70 years, you have 2 gold coins, and after 140 years, you have 4, etc.

I think the vast majority of our wealth today is because of cheap energy. If that continues to end -- no significant breakthrough on a scale and at a price to replace oil is anywhere close yet -- then our standard of living will contract, and quite possibly our population along with it due to a collapse in food production, yields, and/or transportation.
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