USdollar lost 97% of it's value?

[Towlie]

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

You're not 'forced' to do anything. You could live off the land and just barter, though if you want to exist in mainstream society you're very likely going to have to use it. Maybe look to join a libertarian hippie commune or something?

[1714192058]

1714192058

[1714192058]

1714192058

[1714192058]

1714192058

[1714192058]

1714192058

[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. 

we kind of are forced to use fiat man

Tell us more.  Which contract do you regret entering into?  I have a few too.  Lets terminate them and move on.
The most obvious examples of people not using fiat are the super rich, like the Queen of England or say Fidel Castro.
 However more and more of us of modest means are escaping the slave class.   

[BillyBobZorton]

OP you need to learn the definition of inflation tho.

[riptide]

It is abundantly clear that what really matters is the world's confidence in the dollar. They can just keep printing more and more.
If the confidence in the dollar begins to fade, they will just start a war somewhere and make some money.

[hashman]

It is abundantly clear that what really matters is the world's confidence in the dollar. They can just keep printing more and more.
If the confidence in the dollar begins to fade, they will just start a war somewhere and make some money.

You have the order confused.   You need confidence in a currency you can print to be able to pay for starting your war.     

[Razick]

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 %.

Actually, no, it couldn't decrease by 10,000% because then it would have a negative value. The way it works is that if you start at 100% and lose 10% a year, that 10% get's smaller every year.

For example, if inflation is 10%:

2014 $1 - 10% ($0.10) = $0.90
2015 $0.90 - 10% ($0.09) = $0.81
2016 $0.81 - 10% ($0.081) = $0.73
2017 $0.73 - 10% ($0.0729) = $0.66
2018 $0.66 - 10% ($0.0656) = $0.59

So you are losing 10% every year, but 10% of the deflated, not the original, value. So after 5 years you've lost 10% 5 times, but that's only 41%, and the 10% will keep getting smaller and smaller. In 2018 in my example, 10% of $0.66 (rounded) is 0.066 (also rounded) which is only 6.6% of the original $1 in 2014.

It's like compound interest, but in reverse.

I hope that helps.

[Razick]

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

You're not 'forced' to do anything. You could live off the land and just barter, though if you want to exist in mainstream society you're very likely going to have to use it. Maybe look to join a libertarian hippie commune or something?

Not true, because the government will take your land if you don't pay property taxes and put you in jail if you don't pay income taxes on items acquired in barter.

[Razick]

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.  

Not if you are the lender. That might sound nice until you consider that borrowers tend to be people like me who are young and have many years of income ahead of them while lenders tend to be people in their later years saving for retirement.

[deepestfear]

In fact, I believe the US Dollar has lost 99% of its value between 1914 and 2014...

[arieq]

USD is in the midst of bubble and will be strong for the next two years. Which equates to Bitcoin being weak.

[polynesia]

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?

Nope.
Long before it reaches that level, they will stop printing $1 bills.
You will only have $10 bills.

[jeffthebaker]

Only 97%? Cars were like $10 when they were first invented, it's definitely lost more than 97% since it was first printed.

[NotLambchop]

...Cars were like $10 when they were first invented...

^A mind on Bitcoin.
Not even once, kids, not even once.

[opossum]

The few in power have made the illusion that the dollar is worth the same as it always has but how can the paper be worth anything more than paper when it is not backed by anything except its paper worth? The dollar used to be backed by gold when they actually had gold in the vaults but then there has not been an audit of the gold since 1950's, you have to ask why! Probably because it is no longer there so if it has gone the paper dollar is backed by nothing and lost 100% of its actual value then you add the amount of extra $ the private ponzi reserve has pumped into the economy it is a stack of cards that will have to fall within our lifetime.. I buy silver and a little gold i would suggest others do the same if they can.   

[NotLambchop]

... I buy silver and a little gold i would suggest others do the same if they can.   

Caveat: If they like to lose money.



*and that's measured in USD, the value of which, as we all know, depreciates by 136% a year.  So pretty much a total loss.
...well, not quite as bad as BTC, I suppose...

[opossum]

... I buy silver and a little gold i would suggest others do the same if they can.   

Caveat: If they like to lose money.



*and that's measured in USD, the value of which, as we all know, depreciates by 136% a year.  So pretty much a total loss.
...well, not quite as bad as BTC, I suppose...

Do you read fairy tales aswell? It does not matter if them graphs say 0 what matters is i hold something of value and what has kept value for hundreds of years, you miss the point the dollar goes night night, what do you have to barter to survive? paper money that is worthless lol

[OgNasty]

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

Here is what I believe will happen.  At some point the government will declare the currency no longer of value.  They will stop accepting it for tax debts and issue a new currency.  This new Amero currency will encompass more than just Americans, as they will need to expand the ponzi system to ensure it is widely accepted and successful.  All prior US debts will be forgiven, and replaced with new tax debts denominated in the new currency.  Companies will have all of their debts settled with the new currency, and taxpayers will have the burden of massive tax debts, but no personal debt.  Everything will continue on as normal, like someone hit reset on a video game.  Those who held precious metals and cashed them out to pay debt prior to the official announcement that the dollar no longer holds value will be debt free, while everyone else is a government slave for the rest of their lives.  Don't worry though, the Federal Reserve will promise to be more responsible with the new currency, even going as far as to establish new laws (read as: removing more freedoms) to safeguard the new currency.  These new laws will actually be there to restrict your ability to freely transfer wealth into other currencies or goods so that they can maintain a currency monopoly in the face of threats like Bitcoin.  Then the whole cycle starts over again.  A result of this will be higher taxes, a great loss of US wealth, and of course war.  Don't worry though, the war will be waged in the name of peace against those promoting terror (terror being defined as a resistance to the central banking empire), and the new currency will be billed as a currency of the people and touted as an example of how inhabitants of North America came together to solve a currency crisis.  However, in reality it will just be an expansion of the current central bank, after having stolen precious metals from the inhabitants, and replacing them with higher taxes in the name of stability.  There will of course be lots of new government programs offering food and shelter for those in need, as well as a growing government to provide stable jobs at the cost of the taxpayer.  All in all, the working man will be happy to have 0 balance on their credit cards as we march towards insolvency once again.  Companies are happy because their debts are wiped clean and replaced with tax debts that can easily be gamed, while also having all the debts owed to them instantly paid, leaving them in a great financial position moving forward.  Those who saved their entire lives will meet financial ruin, and those willing to work for the government will live happy lives, unknowingly as slaves.

[NotLambchop]

... I buy silver and a little gold i would suggest others do the same if they can.   

Caveat: If they like to lose money.



*and that's measured in USD, the value of which, as we all know, depreciates by 136% a year.  So pretty much a total loss.
...well, not quite as bad as BTC, I suppose...

Do you read fairy tales aswell? It does not matter if them graphs say 0 what matters is i hold something of value and what has kept value for hundreds of years, you miss the point the dollar goes night night, what do you have to barter to survive? paper money that is worthless lol

Lol, I live in a civilized country, we use money to survive.  But hey, if you like the shiny metal you've been collecting, I'm sure you can trade it for some beads or sharp rocks or somthin', push comes to shove.  I'm betting on BTCeanie BTCabies becoming the currency of choice when That Time comes.
Because fuzzy and poseable.

[hashman]

I live in a civilized country, we use money to survive.

Lol bro!  How does it taste?  Sounds particularly uncivilized.  [edit].. of course to be fair it all hinges on what you mean here by "money". 

[NotLambchop]

I live in a civilized country, we use money to survive.

Lol bro!  How does it taste?  Sounds particularly uncivilized.  [edit].. of course to be fair it all hinges on what you mean here by "money".  

Filthy savage:  
In civilized society, we do not eat money.  We purchase slaves from our backwater colonies who, in turn, cook our sixteen-course meals.
Soon, you to will evolve and stop eating money & hoarding shiny things.  Because 21st century.
Furthermore, brutish barbarian, there is no money but Money, the Glorious United States Dollar.  Educate yourself.