I want Ron Paul's U.S. dollars and anybody on this thread who agrees with him. If his money is, as he says, "counterfeit" and "fake money" why would he or anybody here want it? If you are keeping it then you must believe in it's worth and therefore disagree with Ron Paul. It's as simple as that.
I have real Silver. But don’t tell. It is fiat currency. It still works for trade but you may notice it buys less and less.
Well, I’d ask for some gold or silver in return, but wouldn’t get much, I suppose. This is a true story to illustrate the point: I went over to the coin dealer across from work back in the winter to see what he had. We were casually chatting and he said he couldn’t keep gold coins in stock, they sold so fast. I mentioned that I had a roll of pre-1964 silver quarters and almost before I could finish he said “I’ll give you a hundred bucks for it.”
So I could buy $100 dollars of fiat money with $10 of real money. I looked on eBay and found I could do even better. That’s what he means by fake money. It may not be absolutely worthless, but it seems to be headed that way.
I actually more or less agree with ya. Paper, gold, silver - great runs, but I sold my gold/silver (did well for me) and now am more in lead. Gonna get some more silver, maybe tomorrow. And always more lead...
You are so right - and don't realize it amid your sarcasm.
Cash? Have very little at any time, and that only because it's convenient for simple transactions for which I have the cash a very short time. The value is plummeting, so when obtained I trade it for something of value ASAP.
Cash used to be something you'd keep under the mattress - and I mean really keep a fat wad of it under the mattress, or in the safe, or in the sock drawer. It may not increase in value, but you were sure you had it and had easy access to it. It was real money.
Now, with QEx underway and the value of the dollar plummeting, the value of that cash is evaporating. Sure, it's not all gone now, but it's less "money" and more "counterfeit" - that dollar under the mattress which used to be worth a gallon of gas is now worth a quart of gas (ditto 75% drop against any other inherent stable value commodity).
You're right: if it's [insert variant of "no value" here], then why would anybody want it? Exactly. We DON'T want it. We have an economy where the best thing you can do with cash when you get it is spend it as fast as possible, before its imputed value decreases any further.
Your sarcasm is spot-on true. Generally speaking, nobody hoards cash any more. The value of cash is evaporating, leaving a "fractional counterfeit" behind. Send you my cash? Ya know, frankly, if I don't that's because doing so costs more than it's worth: registered delivery + packaging + gas + travel time + queue time > what's in my pocket now.