Read about it here (http://edition.cnn.com/2005/WORLD/americas/08/08/brazil.heist.reut/index.html)

Why didn't I think of that....

:|

Cool. I have no problem with bank robbers per se, because it isn't even real money, it nas no value.

Hahaha... Sweet. What a classic idea.

Cool. I have no problem with bank robbers per se, because it isn't even real money, it nas no value.
:confused: It's not real money? How do you figure?

Because it isn't back by anything other than the U.S. governments debt and it's ability to make more debt.

You're going to have to give me a better explaination than that, I have no idea what you just said.

You're going to have to give me a better explaination than that, I have no idea what you just said.

There used to be a gold standard, now there is no gold standard. X amount of gold meant X amount of real wealth. A dollar was backed by something real, something tangible :) . Then came the fractional banking system and the federal reserve :mad: . We'll loan you 10 dollars but you'll have to pay back 12 dollars when the loan comes due. Upon final payment of your loan plus the interest, the bank just made 2 dollars, not 2 REAL DOLLARS backed by gold but by the banks ability to loan the valueless money to someone else plus interest creating more fake money. Now, since the U.S. government is the worlds biggest debtor, and the banks biggest customer t is easy to understand that is the worlds largest consumer of fake money (U.S. government) which allows it to run massive deficits which will be paid back by us, and our grand childrens great grand children in the form of income tax :( . That promise allows it borrow more of this fake money. Add in the fact that the oil is purchased with U.S. dollars and it's not hard to see how the U.S. government can still spend well beyond it's ability to generate revenue. It is mathematically impossible of the U.S. government to pay back it's debt. :confused:

Ok, yeah. It can still buy a ****load of things, so it has plenty of value to me. I'd be happy to take all your value-less money off you if you'd like.

Fine, but I think you missed the overall point. Overnight every dollar you have could become instantly meaningless.

No, I got the point. I'd still prefer to have $68,000,000 in my bank account.

Fine, but I think you missed the overall point. Overnight every dollar you have could become instantly meaningless.

:hmm:

Highly unlikely.

But possible.

But possible.

Overnight?

The entire country would erupt into anarchy.
If that happens, I'm starting my own sovereign nation.
I will be the Duke of Kittystan... you're all invited.

:|

Anarchy, and the subsequent devaluation of the dollar is EXACTLY what I'm talking about.

In agreement with 86 dude on this one...

Watch Ladykillers.

In agreement with 86 dude on this one...
I was at first, then I realized why insurance rates keep going up.

86, I see your point, but I'm with Igo on this one.


The dollar is worth whatever one perceives it to be worth.

Indeed. Realisticly, things are only 'worth' as much as humans apply the value to it. Reallisticly, food should be worth more to us then these green things. But we have excess... So its all about interpreation by humans.

Impressive traick, but it has already been done before ...

86, I see your point, but I'm with Igo on this one.


The dollar is worth whatever one perceives it to be worth.
They are both right. The dollar will continue to decline in value over time due to the things 86Dude already said and more. But as long as people continue to accept a fiat currency for goods and services, it will still have a use and be desired as you and igo imply.