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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (119542)10/9/2009 8:36:56 PM
From: Freedom Fighter  Read Replies (1) | Respond to of 132070
 
KT,

There will be financial institutions, just not the same ones we have now (and I would consider that a wonderful development).



To: Knighty Tin who wrote (119542)10/9/2009 10:52:33 PM
From: Madharry  Read Replies (1) | Respond to of 132070
 
there will always be financial institutions of one kind or another. I would bet that if you need to get cash in any part of the world there are people who can arrange for you to get it there without having to worry about transport,for a small fee of course. probably a matter of time before walmart gets into that business worldwide.



To: Knighty Tin who wrote (119542)10/10/2009 4:34:09 AM
From: Skeeter Bug  Read Replies (1) | Respond to 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.