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 Replies: 35 / Views: 6,210 |
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Moderator
 Australia
16849 Posts |
Quote:
Anyone heard anything about the US Dollar supposedly to be revalued on 9-29-10 and moved back to Gold standard?
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..where I heard it would not be considered a non-credible source. People shouldn't use no double-negatives, but I think it's safe to say that this particular non-non-credible source can now be filed in the "looney conspiracy theorist" bucket. It's the 29th today, by my reckoning, and look - no revaluation, no gold standard. Revaluations and new currencies take years to prepare in advance, and they're not done in secret and suddenly sprung upon an unsuspecting public. Not outside of North Korea, anyway. They can't just keep using the same old coins and notes currently in circulation, they'd have to withdraw them and issue new ones. Enough new coins and notes would have to be stockpiled and distributed to be ready for issue on changeover day. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
3660 Posts |
I'm with you Sap.
Edited by zeewool
09/29/2010 11:33 pm
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Valued Member
 United States
61 Posts |
Have to agree. Again the question was asked as if anyone else had heard of the rumor.
Maybe Congress scurrying off without a budget, but a stop gap measure to keep the gov't functioning through election day has worked to delay anything. heck who knows these days with the current congress & admin what may or may not occur. I would put nothing past any of them.
It did not take a long time in the 1930s to do a currency change over (granted there are more people & cash now), so who know what they might do these days. If such a thing were ever to come to pass, I would put nothing past them & I don't think they would think twice about simply calling an emergency bank holiday and shutting things down for a few days to get their act together.
Oh well lets just keep plugging along.
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Valued Member
United States
462 Posts |
Why again is gold intrinsically more valuable that a fistful of dollars? I can't eat it. And most clerks at grocery stores wouldn't accept it. It's a shiny malleable metal that does indeed have some uses (electronics and sun visors on space suits), but as far as liquidity... it doesn't really work unless you have a commodities exchange nearby.
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Pillar of the Community
United States
880 Posts |
Hey did you guys hear that in 2012 the world is coming to an end? Seems to me that it doesn't matter what the dollar is backed by...
Sorry I'm stuck at work on a Sunday.
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Valued Member
United States
160 Posts |
 Did you guys hear that there are going to be ATMs opening where you will be able to buy gold from? |
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Moderator
United States
189340 Posts |
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Valued Member
United States
160 Posts |
Oh guess I'm a little late on it then haha
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Moderator
United States
189340 Posts |
Maybe, but it is still okay to talk about.  |
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Pillar of the Community
 United States
2448 Posts |
I'm nervous enough just using a cash ATM. Someone just paint a target on me and get it over with. Thank heavens they're just in the middle east. I doubt you'll see one in a mall near you anytime soon.
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Valued Member
United States
160 Posts |
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Moderator
United States
189340 Posts |
Quote:
I'm nervous enough just using a cash ATM. Someone just paint a target on me and get it over with. Thank heavens they're just in the middle east. I doubt you'll see one in a mall near you anytime soon. Quote:
...plans to launch two such ATMs in Las Vegas and Florida. Plans are to expand the Gold to go ATMs in New York, Dallas, Los Angeles and Minnesota. Interesting. I really want to use it at least once just to say I did. But, carmykle makes a good point. |
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Pillar of the Community
United States
1397 Posts |
Quote:
The greenback will rein as the commercial standard for trade until we spend ourselves into oblivion. We passed that point about two years ago. Anyone care to disagree? I welcome the debate. The best we can hope for now is that China doesn't demand full payment for our debt anytime soon. |
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Valued Member
United States
462 Posts |
Why would China demand that we pay off our debt to them? We would instantly have to stop importing and then they would be screwed.
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Pillar of the Community
United States
1397 Posts |
How many years down the road will China continue to let us spiral out of control? A line of credit only goes so far. We can't possibly hope to ever pay off this debt we owe. We are a perishable commodity at this point.
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Replies: 35 / Views: 6,210 |
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Posted 09/29/2010 8:33 pm
