To: sourcery
The supremacy of the Dollar is a function of the USA's world power. It is why europe united to form the euro. They want to take over the US dollar's supremacy.
Here is something to really ponder regarding stability. Every US dollar made this century is still usable. Even though we have new versions of our paper money, the old money is still valid and will still be valid.
In europe, they have a nasty habit of issuing new versions of their money and making the old versions worthless. How long before the EU needs to issue new versions and makes the old versions worthless? They have done it before, they will do it again.
Whose money do ou want long term?
To: longtermmemmory
Every US dollar made this century is still usable. Yes, but they've lost more than 90% of their value.
19 posted on
10/20/2003 8:14:39 PM PDT by
AdamSelene235
(I always shoot for the moon......sometimes I hit London.- Von Braun)
To: longtermmemmory
Whose money do ou want long term?Whichever one will best keep its value. And the USD isn't the one that wins that contest over any time period since the US went off the gold standard. Swiss francs have done exceptionally well since that time. The CHF was taken off the gold standard only recently.
If a deflationary debt collapse is in the US's future (as I believe,) then the USD would actually be a good investment. Otherwise, gold would be superior.
22 posted on
10/20/2003 8:40:11 PM PDT by
sourcery
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