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Longest A Paper Currency Has Lasted?

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Pillar of the Community
Libertad's Avatar
Canada
3692 Posts
 Posted 08/08/2012  3:43 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
History goes hand in hand with coins. You start to wonder why coinage and currency change throughout the decades and you start seeing links everywhere you turn.

I thought that Kennedy wanted U.S. to revert back to using the treasury to issue money in the form of United States Notes. The modern greenback (1935) is what usurped the original idea behind Lincoln's funding for the Union's victory. The Confedaracy had a hard time keeping up with unbacked promises.

(Correct me if I'm wrong, always, as I am not historian.)
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 08/09/2012  8:02 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
"Honestly. How do you guys have so much knowledge."

Can't speak for others but in some cases this is due to reading a lot of info and being very curious about what has happened and what is happening.
Valued Member
United States
477 Posts
 Posted 08/10/2012  02:58 am  Show Profile   Bookmark this reply Add greenprint to your friends list Get a Link to this Reply
Exactly.

I think you bring up an interesting point. I don't believe a collapse of the united states dollar will be as dramatic as people may think. It's happened several times in China and China has been around for a couple thousand years. I believe that a collapse of the dollar will simply result in a new currency (we would need a new currency to replace the old this is certain) and one could buy the new currency with the old currency. I believe that the collapse of the dollar will be interesting in the sense that like you mentioned the circumstances of it are quite different than the German Mark and other currencies. I believe the collapse will happen in my life time.

I find it very interesting that Rome had a similar collapse. The emperors pulled most of the silver from their coinage and turned their money into toilet paper money. I wounder if the new currency will have silver coins.
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/10/2012  11:31 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
A collapse of the US economy, bonds, and the dollar is quite possible. When a resource is horribly mismanaged, what other course should we expect but collapse? Even then, however, economic collapse is not the end of everything. It will likely be a very bad time financially but the country and its people will survive it. The Russians did. If they can do it, so can we.
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silvercoinrn's Avatar
United States
863 Posts
 Posted 08/11/2012  09:02 am  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
I do believe we could survive but it is much more difficult to survive. Than it has been in the past. People are not as well rounded as the world used to be. When the fiat collapsed before many people owned farms and livestock that they lived off of and were able to trade. This is not the case today
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/14/2012  7:56 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
I don't think that anyone is suggesting that surviving an economic collapse will be easy. No, it will be quite difficult... especially for those who haven't planned for this possibility and those who have been trained to believe that the government will be there for them. The fact is, it's all about math and the math of the situation shows clearly that the government cannot bail out the entire population. Besides, an economic collapse could well collapse the government too and it could be years before a new one develops. During that turbulent time period, many people would have to fend for themselves and a lot of them are just not capable of doing that.

On a more cheerful note, my garden is doing real well. It's not very big, maybe 24 x 16 feet but it is productive. I have corn, green beans, squash, onions, cukes, potatoes, tomatoes, musk melons, and peppers. With just a dozen green bean plants, I am harvesting plenty of them. They make a nice addition to any dinner. I steam them for 20-25 minutes, add a small amount of butter and salt, and they are delicious! WAY better tasting than the stuff from the store. I like the fresh produce and the bit of independence it adds to my life. Even if you can only do a patio garden in a few flower pots, you can still grow some nice tomatoes and cucumbers. Tasty!
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traevin's Avatar
United States
1454 Posts
 Posted 08/14/2012  8:21 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
Ed,

You must have something of a green thumb to grow crops in the PNW. Perhaps you're more inland than I am. On the coast, we simply don't get enough sun and warmth to grow much. It's 64 degrees right now and we're lucky to see 70 most summers. And the winds can be pretty obnoxious, as well. 20 mph constant winds with gusts in the 30-35 mph range are quite common. I know the valley, about 60 miles from where I live, does much better with produce, though. We used to rely on the sea for sustenance but the halcyon days are well behind us, now. It's the reason I'm looking to move eastward, soon. I might have to get some tips from you one day, if you're willing to share a few trade secrets.
Pillar of the Community
United States
511 Posts
 Posted 08/16/2012  02:32 am  Show Profile   Bookmark this reply Add 3stooges to your friends list Get a Link to this Reply
The Swiss franc has a long track record.
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coinwatch's Avatar
United States
808 Posts
 Posted 08/16/2012  09:49 am  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
The Swiss franc was partially backed by gold until May 2000.
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/16/2012  8:01 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
You must have something of a green thumb to grow crops in the PNW.

Actually, T, the Willamette Valley is one of the BIG food baskets of the USA. Very large tonnages of green beans, corn, nuts, mint, hops, berries, cherries, and grains are grown in this area. While I do not live in the Willamette Valley, I do live just to the north of it. :-)


Quote:
Perhaps you're more inland than I am.

Indeed so. I am about 75 miles east of the WA / OR coast.


Quote:
On the coast, we simply don't get enough sun and warmth to grow much.

Sounds like a near perfect place for a green-house. Even a small one of these can still produce some nice veggies. Something that works well is to plant a few cucumbers in hanging baskets, let the vines trail over the side of the basket, and then pick the cukes as they hang there and ripen.


Quote:
We used to rely on the sea for sustenance but the halcyon days are well behind us, now.

Yes, in many ways that is probably true. Surf and bottom fishing are still good in a number of places, though, as is crabbing. I like the pink finned perch that run in the surf in any number of places. These are delicious, similar to cod, and usually weigh 1-2 lbs. When you get into a school of them, you can catch a lot of them in a hurry. Most people call these "pogies".


Quote:
I might have to get some tips from you one day, if you're willing to share a few trade secrets.

Most of what I know about gardening is pretty much just common knowledge that has been passed down from grand parents and parents. Nothing secret about it but I would be happy to share anything I know with you.

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