feelosofer
#ninergang
Bill O Reilly professional economist.
Bill O'Reilly: "The Dollar Will Collapse"
- Thread starter ROFL_GUY
- Start date
Bill O Reilly professional economist.
KillSpray
Don't be mad
I don't know about the dollar collapsing, but expect inflation to keep climbing. There is still a lot of illusory wealth out there.
Domingo Halliburton
Handmade in USA
despite all the cries of inflation and the amount of money we've printed/flushed into the economy, inflation was at like 1.7% last year. Still a lot of unemployment and not exactly a great economy could be reasons why hyperinflation hasn't occurred. Or maybe printing money isn't as correlated with inflation as many think.
And anyways, the dollar is used most in international transactions, is the dominant reserve currency, and is used by other countries as their currency. It's not going anywhere soon.
Domingo Halliburton
Handmade in USA
I actually just watched that video and he makes zero good points. Even if we did default it wouldn't even come close to meaning the end of the US dollar.
VerbalIntercourse
Banned
default? Sometimes, I think people forget how things were in the hood.
Nobody tries to collect on the biggest dude on the block.
I'd like to see some other country try to force the US to pay anything or not agree payments terms that favor the US.
The united states can kill anyone in a matter of seconds, and it has enough weaponry to completely destroy the earth 50 times over.
Most of all, the USA issues the world's currency. We have the privillage to devalue our currency and everyone will be force to use it.
The world revolves around money and power. Not honor or ethics.
Nobody tries to collect on the biggest dude on the block.
I'd like to see some other country try to force the US to pay anything or not agree payments terms that favor the US.
The united states can kill anyone in a matter of seconds, and it has enough weaponry to completely destroy the earth 50 times over.
Most of all, the USA issues the world's currency. We have the privillage to devalue our currency and everyone will be force to use it.
The world revolves around money and power. Not honor or ethics.
Yung Yogurt
Culo Season
remember nikkas was talking about how bush was gonna merge canada, mexico, and the USA and we were all going to use the "amero"
Our currency is fiat, made out of thin air, and backed by absolutetly nothing. It's only as valuable as people make it. Not to mention 99% OF OUR MONEY IS DIGITAL! Meaning just numbers in a computer, once again this is not actual wealth. If you dont think this system can collapse youre delusional.
Im not saying it's going to right now, but it has to eventually.
Im not saying it's going to right now, but it has to eventually.
Jhoon
Spontaneous Mishaps and Hijinks
Have you ever taken an Economics class? You can place value on anything - the main contention is finding people who share your beliefs on the value of whatever your trying to use as a mode of payment in exchange for stuff.
Its 2013, the Mayans were proven wrong, that krayzy preacher was proven wrong; the Alex/Glenn crowd havent been marginalized enough since 2010.