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To: SaxxonWoods
Worthless is worthless. If it could get more worthless, it must have worth first. The statement contradicts itself.

Duh, did I really need to include a sarcasm tag?

The reality is that the only reason the paper that we pass around has any value is because we have been duped into thinking it has value. Once people realize it has no inherent value the whole thing comes crashing down. As spending and printing continue into oblivion even the dumbest among us will figure this out.

59 posted on 03/19/2021 5:44:10 PM PDT by KevinB (''... and to the Banana Republic for which it stands ...")
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To: KevinB

It’s obvious the paper itself has no inherent value. You can’t walk around with tons of silver or gold. The cavemen had this argument already when they started using clamshells as coins. Get over it and go make money faster than it inflates. I’ve been living with inflation for over 50 years of work and “revinventment”, what I call retirement. It’s worked out fine, and those worthless dollars have paid for everything with no problem. I’ve converted them into houses, land, art, equipment, services, anything and everything I want.

The FED isn’t going away, might as well take what it gives, which is plenty. Inflation was around 14% when I started out. I didn’t even think about it, just went out and made my way. There wasn’t any other choice and there still isn’t. Now inflation is 2%, who cares. 2 or 20, it’s just the number to beat. The currency collapse fear-porn story has been around since before my first job. I’m lucky I’ve always ignored it.


62 posted on 03/19/2021 5:58:02 PM PDT by SaxxonWoods (The Republican Party is dead. Long live the MAGA Party.)
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