Joe said:Because of Argentina's economic history, where the dollar was a true safe haven, the Argentines have an unfounded confidence in the current safety of the dollar
That's me exactly. Thanks for the heads-up.
Joe said:Because of Argentina's economic history, where the dollar was a true safe haven, the Argentines have an unfounded confidence in the current safety of the dollar
I somehow doubt a billionaire will use her or his tax savings to buy more potatoes, meat, clothes, another car, etc.dr__dawggy said:The Republicans have already offered a plan that calls for dramatic cuts in spending and even deeper cuts in taxes for the wealthiest Americans. The subious rationale for the latter is that tax cuts stimulate the economy and generate more revenue,not less.
John.St said:I somehow doubt a billionaire will use her or his tax savings to buy more potatoes, meat, clothes, another car, etc.
A comparatively poorer family, on the contrary, will spend some 80 or 90 percent of a tax cut on consumption.
and no military to back up its debt/asset claims
marksoc said:Fiat currencies (or as we call them: currencies), will continue being the exchange method by which we buy hours of labour from each other. Gold and others are not inherently valuable (outside their value of use) more than fiat currencies are. We use fiat currencies because sometimes we can play with them and make things less worse, at least for a while, and sometimes it works. If there is modern civilization, there are fiat currencies, until the master currency arrives (facebook credits? hehe).
redrum said:therefore, get as much of the yellow metal as you can because we are nowhere near the heights that gold will reach - silver too.
Napoleon said:Either way, I'm betting the future on Bolivia's currency. I think that that will be the wave of the future.
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