New Liberty Dollar

Thats basically the definition of money. Money is only valuable because people say so which has been true since the start of time.

Dont get me wrong I'm not a supporter of current economic policy, the QE is fine in small doses though. The problem is that theyres no plan to end the current practices which is where it becomes dangerous.

One day our money will be worth nothing, no government lasts forever, but that day wont be tomorrow or in the next few years barring something huge happening.

The next two presidential elections will determine how grim the future is for the US dollar. If one of them gets serious about improving it it can be turned around. The ironic part is you dont want the dollar to be too strong or else no one will buy anything we produce.

Fiat and money are the same thing. The fiat isn't what has failed its the governments that have. Silver and gold are backed by the exact same principle in the sense that they have value because people say so. Its been inflated as well if you track it back to when it was first used as money. Just look at how small most Roman coins are compared to what the size of modern 90 percent silver coins were when they were used.

I like PMs as much as the next guy but they arent bulletproof either. At some point well expand into the universe or be able to mine asteroids/planets and it very well could be that its found to be so abundant that its viewed like aluminum is now. Better mining techniques open up more and more sources as well. From a strictly economic standpoint barring something like a civil war we arent at the point where our money falling apart is a concern in this lifetime especially for older generations. That doesn't mean were living in a time of prosperity or that were even employing smart economic policies, but its just not at that dire point yet. It will be one day if nothing changes though

Theres advantages and disadvantages to both systems of money. But both are only as good as the governments that control them. PM currencies has collapsed throughout history as well

Theyve failed in a slightly different way but under the same conditions. When the government spends more than it has with PMs it either goes bankrupt or starts decreasing the PM content and quality of the money with weve seen towards the end of governments in the past. Or they just cant pay people anymore and theres a revolution or someone who can steps in. Its not the Zimbabwe hyperinflation but its still a failed currency. The common theme throughout is a government that gets to big and collapses under its own wight. I do agree the biggest advantage to PMs is that if it does collapse you still have the silver to remake into something else, but the whole idea is never to get to that point and Fiat does give you more wiggle room to correct yourself before the end.

Inflation itself isn't a bad thing as long as its natural. No one wants to work for 10 20 years and make what they made on day 1 even if its the same position and things like raises ect drive up prices and overtime you will always have some inflation. We are speeding up it up with printing which I agree isn't a good thing, but in the grand scheme of things some QE every now and then wont do a whole lot. The problem really is that you cant just do it all the time and there needs to be an end in sight which we need to correct for sure.

Our issues are necessarily whats being done but more how its being done. If we said were going to do some QE 3 times over the next 4 years to buy us some time to correct the issues while we work on them then thats it and we actually did address the root problem no one would bat an eye or really see an effect. Still waiting on that plan and the appearance that were just going to keep doing that forever whenever we want too because we dont want to address the causes creates a lot of uncertainty which is most dangerous thing of all for the economy. People sit on money instead of growing their businesses during those times and you bring everything to a crawl.

Just so I dont give the wrong impression I do agree with you about the economics of today, we can survive the storm for a while but it cant go on forever.

The problem with making them spendable is you will wind up in jail.