Is it true? is The Fed and DEBT-Based Fiat dollars ultimately doomed to fail ??

[Slingshot]

 

Is it true? is The Fed and DEBT-Based Fiat dollars ultimately doomed to fail ??


 

[DubFX]

Well it's overinflated it has no value for long time already.

[acs267]

Every year the USD is inflated. The USD is a prime example of a debt based system.

http://www.usdebtclock.org/#

Even thought it's obvious they'll never pay a cent of that back, it's obvious that the USD will keep getting inflated. So what is the use of the inflation? Nothing. It's just uncontrollable. The only value it has are the values in other currencies, so if the USD stops getting accepted fully in one country, the value decreases. However, Bitcoin cannot be inflated. Meaning, even if a wide group of people decide not to use it, the value still sticks.

[Skele]

Several conditions must be in place before the dollar could collapse. First, there must be an underlying weakness. Second, there must be a viable currency alternative for everyone to stampede into. Third, a triggering event would need to occur.

Some see Bitcoin as a new world currency. That's because it is not managed by any one country's central bank. Instead, it is created, managed and spent online, although it can be used at brick-and-mortar stores that accept it.

http://useconomy.about.com/od/criticalssues/p/dollar_collapse.htm

[Ron~Popeil]

The dollar is now debt based. We can't have money without borrowing it so yes it eventually has to fail.

[Slingshot]

 
eBay, PayPal, Apple and Dish Approve Of Bitcoin. Is Google Next?

http://www.activistpost.com/2014/06/ebay-paypal-apple-dish-approve-of.html


on June 6, 2014: This is The Top News @ #1 at http://whatreallyhappened.com/


Bitcoin is Freedom.

[lnternet]

Just want to refute one point that is often made. Exponential growth = uncontrollable = must break eventually. This is not really true.

Just because it's exponential does not mean that it must explode. At 3% average monetary base inflation we simply remove 3 digits every 234 years, that's not even once in a lifetime, and keep going indefinitely.

[waldox]

the real inflation is not 3% its closer to 8-10% currently in usa/canada
at 8% 3 decimal places are moved in 90 years which is easily felt within a lifetime

[jeffersonairplane]

They won't fail until a long time, that is for sure.

[Swordsoffreedom]

That's an open question but yes in theory an inflation rate that does not have any economic strength backing it or a standard to replace it will in due time collapse. It does not happen immediately though, the Soviet Union went three generations before their currency system collapsed and the United States is struggling in this generation but if it is doomed to fail is another question. Then theirs the Euro which is recent but already has problems, a mixed economy like China might be able to handle those two extremes but it is not yet proven through time although it looks pretty strong now.

[Ron~Popeil]

That's an open question but yes in theory an inflation rate that does not have any economic strength backing it or a standard to replace it will in due time collapse. It does not happen immediately though, the Soviet Union went three generations before their currency system collapsed and the United States is struggling in this generation but if it is doomed to fail is another question. Then theirs the Euro which is recent but already has problems, a mixed economy like China might be able to handle those two extremes but it is not yet proven through time although it looks pretty strong now.

China's apparent strength is through keeping their currency value low. It works to increase the industrial sector in the short term but leads to long term inflation and economic disasters.

[Bitornio]

The dollar is now debt based. We can't have money without borrowing it so yes it eventually has to fail.

Well this is the ongoing question. Technically, we can continue to operate on a debt based economy as we have continued to do.

[Ron~Popeil]

The dollar is now debt based. We can't have money without borrowing it so yes it eventually has to fail.

Well this is the ongoing question. Technically, we can continue to operate on a debt based economy as we have continued to do.

The Romans believed the same thing all the way down to 2% gold in their coins. 

[Este Nuno]

Despite what many people on this message board think, I personally think it's incredibly unlikely that the USD will be failing at any point in our lifetimes. For that to actually happen unprecedented events would have to take place. The global economy would no longer function as we know it today. Many people believe that the US debt alone is going to be sufficient to collapse the USD but I don't think that holds up under any rigorous analysis.

[okthen]

Ever since the coins stopped being worth what they represent AND governments started printing extra money, this system is doomed to fail. Either that or they stop printing money and find a solution that works.

[Slingshot]

 
A Must Read Article:

Derivatives, Or: How The Money Power Created The Greatest Depression
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http://www.zengardner.com/derivatives-money-power-created-greatest-depression/


'The Greatest Depression' - yea, that's the current one the vast majority are in today!


Bitcoin is real Monetary Freedom.