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So 30+ YEARS in the dumps and still a long way to go...incredible!

And people think it can't happen in the good 'ol US of A.

Here's what people need to understand going forward:

Debt-based money means "money" is simply a claim on "debt".

"Debt" is a "promise of future labor" (either your own, or some you have a claim on).

Therefore, "money" is a "claim on the promise of future labor"

Now...

What happen's when "future labor" will never happen? Like in bankruptcy?

It means those clsims for that labor are now worthless.

It means that the "money" supply shrinks by that amount.

It means we are in a cycle of "money" deflation, since it is being destroyed faster than the creation of new debt.

Remember "Cash for Clunkers"?

Ask yourself - "Why would our government be enticing people to take out new debt on a car during a time of monetary deflation?"

Shouldn't they have instead said: "Spend wisely, pay down your debt, etc.?"

No! They did it as a means to pump up the money supply through the creation of new debt. Attempting to keep the deflation monster from feeding on its own tail.

Government backed student loans are another example. It used to be that they weren't easy to get, and could only be spent on specific things like tuition and "room and board".

Now they are simple to get in vast amounts, and can be spent on anything.

Outstanding student loans are now approaching $2 TRILLION dollars - another example of creating debt amongst ignorant people in order to prop up the money supply and keep it from crashing as long as possible.

Sorry for writing War and Peace - but hopefully this helps lay out my thought process of why the US dollar will strengthen and won't be going anywhere...