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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Gib Bogle who wrote (107418)2/20/2010 3:40:01 PM
From: Cactus Jack  Read Replies (1) | Respond to of 110194
 
What he said was this:

"So in common terms the dollar will be effectively worthless someday"

If the purchasing power of the dollar is obliterated (as in Weimar Germany or Zimbabwe, for example), the currency becomes effectively worthless if not entirely so. If we're thinking in mathematical terms (and I was not a math wizard by any stretch), think of the curve that continues to approach an axis without ever actually intersecting with it.

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To: Gib Bogle who wrote (107418)2/20/2010 10:41:35 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 110194
 
Gig, you win the hyper technical award of the day.

at some point, the dollar will be replaced by something new, making it completely worthless as money.

i don't know when, but it has happened to all fiat currencies that have ever existed and it will happen to ours, too.


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