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The end of "fiat currency"?

Discussion in 'The Okie Corral' started by Mr981, Jul 21, 2012.

  1. Mr981

    Mr981

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    An interesting article out of today's Barrons quoting an economist that has a great track record over the past 10+ years.

    http://online.barrons.com/article/S...084.html?mod=BOL_twm_fs#articleTabs_article=1

    She seems to think that the end of currency backed by nothing more than the governments word is approaching--like in the next 5 years. Currencies backed by hard assets--gold, commodities,-- look to be the future as the current system gets eaten up by continually printing more money.

    Some very interesting stats ..
     
    Last edited: Jul 21, 2012
  2. aircarver

    aircarver Descent Terminated Silver Member

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    I'm surprised the gubber-mint's got as far as it has with 'trust me with your money' ...:upeyes:

    .
     

  3. SPIN2010

    SPIN2010 Searching ...

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    On the move ... again!

    Ain't that a fact! System full of liars telling you the money is safe and worth "X" is always reassuring. :rofl:
     
  4. cowboy1964

    cowboy1964

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    All fiat currencies are doomed to failure by definition. This one is already past the average life-span.
     
  5. Glocksanity

    Glocksanity

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    Get your gold now boys and girls. Fiat based paper assets are set to get destroyed.
     
  6. Atlas

    Atlas transmogrifier

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    I'm unable to view the article, lacking a subscription, but there can be no truth to this..
    Several experts on this subject have explained here on GT why it isn't possible.
     
  7. Paul53

    Paul53 All in all I'm just another brick in the wall.

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    Doesn't matter. The Mayans said we're all toast come December anyway.







    Wonder what the Mayans used for currency?
     
  8. Restless28

    Restless28

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    I imagine that there were those in Argentina who thought it couldn't happen there. Maybe FerFAL can pipe in here? I know he's in Ireland now. I wished that he would start a thread and tell us how he's doing now.