USdollar lost 97% of it's value?

[albert11]

i've watch a video where someone says dollar lost 97% of it's value, this would mean that there is only 3 % left ?  is 0 % when i can use it as toilet paper?


I can tell when USdollar has lost value because my purchasing power has decreased (prices of good increases), so how can the dollar value have a limit when the price of a good can be increased in an unlimited fashion?

simply put what will happen when dollar has lost 100% of it's value and is as such worthless?

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[drugs]

i've watch a video where someone says dollar lost 97% of it's value, this would mean that there is only 3 % left ?  is 0 % when i can use it as toilet paper?

Fucken lol. That's not how it works. It's might have lost 97% of its purchasing power but that doesn't mean it only has 3% left to go. It just means you can't buy as much shit with it as you could in the past.

[AtheistAKASaneBrain]

i've watch a video where someone says dollar lost 97% of it's value, this would mean that there is only 3 % left ?  is 0 % when i can use it as toilet paper?

Fucken lol. That's not how it works. It's might have lost 97% of its purchasing power but that doesn't mean it only has 3% left to go. It just means you can't buy as much shit with it as you could in the past.

In fact all these graphs dont matter as long as people keep accepting it.

[ajareselde]

i've watch a video where someone says dollar lost 97% of it's value, this would mean that there is only 3 % left ?  is 0 % when i can use it as toilet paper?


I can tell when USdollar has lost value because my purchasing power has decreased (prices of good increases), so how can the dollar value have a limit when the price of a good can be increased in an unlimited fashion?

simply put what will happen when dollar has lost 100% of it's value and is as such worthless?

It works like this; gouvernement  spends insane amount of usd on sh*t they dont need to, and print more to cover their insatiable needs, and what that does is to lower purchasing power of all the uds in circulation.
So if you're saving in usd, bit by bit, your money is loosing its value, because they are printing more of it.

Imagine if bitcoin had central institution, and if they remade bitcoin so that they can mine any amount they want, moving the total amount of coins from 21 mil, to 42, what would happen?!
Bitcoin would loose compared to fiat 50%, and people would turn around and wouldnt touch it again. The question is why are people embracing  fiat so much, when its all the same scheme everywhere.

[OROBTC]

...

OP, another way to look at the 97% loss of a dollar value is to:

Imagine what once costs some three - five cents now costs a dollar.

Of course the dollar has lost 97% (plus or minus) since 1913, I cannot verify that myself as I was not around then (smile), but there is no doubt that gasoline (and so much else) was MUCH CHEAPER in the 1960s when I was a kid.

*   *   *

Gold has gone up (vs. the US$) at about the same rate as the dollar has gone down.  Yes, it has been bumpy along the way, but gold has shown itself to be a far superior Store of Value than the US$.

[cr1776]

i've watch a video where someone says dollar lost 97% of it's value, this would mean that there is only 3 % left ?  is 0 % when i can use it as toilet paper?


I can tell when USdollar has lost value because my purchasing power has decreased (prices of good increases), so how can the dollar value have a limit when the price of a good can be increased in an unlimited fashion?

simply put what will happen when dollar has lost 100% of it's value and is as such worthless?

Here are some links to explain it more:
https://www.thetrumpet.com/article/3237.31060.91.0/economy/why-the-us-dollar-constantly-loses-value

http://useconomy.about.com/od/inflationfaq/f/value_of_a_dollar_today.htm
"In 1913 you could buy as much with a dollar as you can with $23.63 in 2014, more than 100 years later."

[Razick]

i've watch a video where someone says dollar lost 97% of it's value, this would mean that there is only 3 % left ?  is 0 % when i can use it as toilet paper?


I can tell when USdollar has lost value because my purchasing power has decreased (prices of good increases), so how can the dollar value have a limit when the price of a good can be increased in an unlimited fashion?

simply put what will happen when dollar has lost 100% of it's value and is as such worthless?

What you are missing is that it's like a half life. 100 years from now people might be saying that 97% of the dollar's value has been lost since 2014. That doesn't mean it will be worth less than $0, it would be worth $0.03 in today's dollars. Since we've lost $0.97 of every $1 already, that would equate to only $0.0009 (9 1/100 of a cent) of every dollar remaining.

[albert11]

thanks for the answers, i got confused with the % for some reason i thought it was limited but actually it's not, the value could decrease by 150% ,300% or even 10000 %.

[albert11]

...

OP, another way to look at the 97% loss of a dollar value is to:

Imagine what once costs some three - five cents now costs a dollar.

good example, thanks for clarifiying this

[ajaak]

such a loud topic.
thanks for clarifying in the replies

[Q7]

The term expressed can be quite confusing. It should at least refer to percent loss of purchasing power to be more accurate.

[Amph]

dollars never had any value, was always a toilet paper, but you are forced to use it

[Mayuyu48]

so that is fiat money, the feds print it out so many papers and $ value keep down everyday
i watched that video too, few months ago

[Kevinrasf]

I already use Euros to wipe m butt, wont take long before toilet paper is more expensive(worth) then an euro bill.

[hashman]

dollars never had any value, was always a toilet paper, but you are forced to use it

You are not forced to use it.  You give up your freedom voluntarily. 

[hashman]

simply put what will happen when dollar has lost 100% of it's value and is as such worthless?

This is called a "debt jubilee".  Debts contracted in a currency under jubilee are forgiven.  People use other exchange commodities when they are necessary.  There are plenty to choose from.  

Some people panic about this but there is nothing frightening about it; it has happened many times and is cause for great celebration.  

[tatu]

so that is fiat money, the feds print it out so many papers and $ value keep down everyday
i watched that video too, few months ago

The majority of money isn't printed by the fed but issued by banks who create debt from thin air when people go to lend money. It's just numbers on a screen then they make massive gains from the interest on the free money they just made up.

[najzenmajsen]

dollars never had any value, was always a toilet paper, but you are forced to use it

You are not forced to use it.  You give up your freedom voluntarily. 

we kind of are forced to use fiat man

[yvv]

Fuken lol! Bitcoiners do not understand how percentage works!

[NeuroticFish]

i've watch a video where someone says dollar lost 97% of it's value, this would mean that there is only 3 % left ?  is 0 % when i can use it as toilet paper?

You'll be able to use it as toilet paper when the same amount of (toilet) paper as the dollar bill will cost more than one dollar.

Until then.. your math is 0 and your trolling thread is 100%. Not bad