It took several hundred years for the Roman Empire to degrade their currency to nothing, but the empire collapsed quickly after the currency was destroyed. WJC, Robert Rubin, and their Greenspan stooge @ the Fed have set the stage for the destruction of the dollar. The Democrats have dumbed Americans down to the point we now have a huge basket of unfunded liabilities coming due in Medicare and Social Security. Under existing law these liabilities are unquantifiable and unknowable. Worse there is no practical limit of magnitude to which these liabilities can rise. To make it really exciting, there is no reservoir of capital or reliable income stream from which these maturing liabilities can actually be paid.
That is the way it is with political promises, lots of promise and no meaningful means of delivery. The history of the world is that politicians make empty promises in exchange for the temporal right to exercise power. They defer delivery into the future by the rolling over of progressively enlarging (compounding) promissory notes until the credit system collapses under its own weight. The United States is defintely less than two decades from the pyramid collapsing. And it could happen within less than a decade.
Tom,
From your name and your reply, I assume that you are a "doubting Thomas". And from past experience, so are most conservatives; Freepers are certainly not exceptions. This is not necessarily the forum for economic discussion, but the internet offers almost unlimited access to information of all kinds. I would refer you and other Freepers to another site which can shed considerable light and thought on the subject. I would encourage you to avail yourselves to not only the links in the article, but to all of Adam Hamiltons works and his references. It will be time well spent and it may help you survive the coming Inflation Tsunami.
"..tips on living a thousand years." I'm working on it.