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  • Gold and the Dollar: Value is in the Eye of the Beholder [View article]
    User 149022:

    I visited the site, as you suggested, and it corroborated the article above, which I am mostly in agreement with.

    Perhaps you could elaborate what I missed?

    Depending on who you talk to, the US GOV. has $53 trillion dollars of unfunded liabilities. To raise this money, Politicians (and the FED) can raise taxes, or they can borrow against future taxes, or they can INFLATE.

    Guess which one is least painful in the short term (and insidious) and most painful in the long term?

    The dollar has shown remarkable resiliency over the last 35 years because it is a global reserve currency--essentially transacting 85% of global transactions between nations at one point.

    This is unwinding as we speak, and will take another two decades to do so. The result is the silent ravenges of inflation is the transfer of wealth from paper asett holders to those with future liabilities--governmen...
    Mar 02 18:05 pm |Rating: +1 0
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