Remember when America's dollar was the most powerful dollar?

[JD4570]

Heck I vaguely remember when the dollar was backed by gold for oil purchases from OPEC. Wow am I already that old?

 

[mamachicken888]

Quote:
It's all being manipulated. Global economic collapse is a precursor to a one-world money system. And after that, the rise of a one-world government.

 

[serendipity22]

 

[thekid]

WE are already have a one world Government kinda


The United Nations

 

[rebelcowboysnb]

Quote:
They moved away because regulations made it cheaper to import than to build here. Don't blame free trade, blame government intervention. If it's too expensive and requires too much red tape to build and produce here, can you really blame them for going overseas?

Government intervention is nothing new but free trade with country's that have no minimum wage is.

Heres my thoughts I wrote here while back on free trade if you want to read them.
http://cmfarm.us/freeTrade.html



As for our moneys worth.

Money is only worth something because we trust the government to stand behind it. In reality a dollar we own is a loan we gave the government. We pass them around because we assume it will be worth the same today as tomorrow. The problem is our government is in debt to the point that it is selling bonds to pay back old bonds an to keep the government afloat. Its like one of us living off credit cards an paying the bill with other credit cards. People are still buying bonds because they trust that they will be payed back. At some point you get so far in debt that you can not pay the payments. We dont have to get to that point. We only have to get to the point that the people buying the bonds question weather they will be payed back. When that happens people stop buying but others are still wanting payed back. Then we default. That means out credit as a country becomes worthless which means out money also becomes worthless an our economy would collapse. What would it take to set that off? Just one well known stocks guy saying US bonds are not safe anymore.

 

[Matthew3590]

Its easy to pay off the debt were in. just if a president tried it, it would get them killed cause the federal reserve like their money. The last two presidents to try and get rid of the feds were JFK and Lincoln. They did not have a pleasant term.

 

[rebelcowboysnb]

Easy? Assuming you could stop all government spending completely an put every dime of the US income in to paying off the debt. It would take over 8 years to pay off the debt we have now. That's before intrust. But the reality is that we have to keep running to, an we have to pay intrust. Even if we cut our spending by half I'm not sure we would be in the green in my lifetime.

 

[chickened]

The dollar is the global currency of which all trade is based and traded against by the exchange rate. Fortunately we have the market on printing it.

 

[AquaEyes]

Quote:
They moved away because regulations made it cheaper to import than to build here. Don't blame free trade, blame government intervention. If it's too expensive and requires too much red tape to build and produce here, can you really blame them for going overseas?

As far as the dollar goes, it has NOTHING to do with factories and EVERYTHING to do with the Monster from Jekyll Island - that unconstitutional beast known as the Federal Reserve.

Government interference was actually lifted during free trade -- removing/reducing the restrictions and tariffs that made imported goods cost more than domestic goods.

 

[thekid]

lol