The dollar is worthless, it's just that people haven't realized it yet

[old steel]

Seriously, it is.

Everything changes, now.

[Barbaro]

Ol' Steel,

The dollar is worth something....but it's not very much.

I see a continuous, steady decline, during my lifetime.

Eventually the USD Petro-dollar will incrementally be replace by a basket of other currencies.

[Shami-Amourae]

Cool. Send me some of your worthless fiat if you don't need it anymore. I'll take it.
:D

[Hitch]

The ATM yesterday gave me $50 dollar bills, instead of $20's. Is the 50 the new 20?

[EE_]

The ATM yesterday gave me $50 dollar bills, instead of $20's. Is the 50 the new 20?

No, the $100 is the new $20. The $5.00 is the new dollar, so 20 dollars-->($5) equals a $100.
Hope this math helps

[Hitch]

No, the $100 is the new $20. The $5.00 is the new dollar, so 20 dollars-->($5) equals a $100.
Hope this math helps

I was never very good at federal reserve math. I suppose the 50 would be the new $10 then. If the 5 is the new dollar, does this mean we need to tip the dancing girls 5's instead of 1's now?

[Dogman]

Throw some on the ground and stand back if done in a crowd, and see what happens.

"Laissez les bons temps rouler!" ( let the good times roll. )

A buck is what a quarter was when I was a kid give or take. But I still remember 10 cent a gallon gas, when there was a gas war going on between stations back in the day and I worked pumping gas.

[midnight rambler]

Although FRNs have no value/substance being the IOU nothings they are (unredeemable promissory notes), it's all about perception, and as long as the rubes perceive that evidence of debt as money FRNs will still be 'worth' something to them. However that perception could change 180 degrees in just a few days under the right circumstances, and those circumstances get more and more likely with each passing day.

[Ponce]

What you trade it for is worth more than it......but.....what make it valuable is the labor that you put into getting it........so that in reality what you are doing is trading your labor for what you need using the paper as the medium of exchange.

V

[midnight rambler]

what you are doing is trading your labor for what you need using the paper as the medium of exchange.


And of course there's a 'slight' brokerage fee imposed by the Judeo-fascists in order to 'use' that privately issued paper as the medium of exchange . lol

[Dogman]

But right now I would guess that 99.999 % of the as you call rubes think they do have value and the system is set up so they do have value. Try and use silver or gold at any store at the checkout stand, they may or will do "face" but for sure in the hell not the real value.

Most of them have not a clue, they spend their life's chasing the buck and are self imprisoned in their bubble of life they live. Anything out side of their "bubble" they are clueless and for the most part do not give a flying crap!

Just saying!

[Horn]

Its the "extended" security features (defensive and offensive) over and above any other paper fiat currencies that keep it floating on top.

The yuan is valuable due to the fact that it doesn't leave China as a security feature.

Bitcoin is not valuable because it doesn't leave your zip drive.

[Dogman]

Its the "extended" security features (defensive and offensive) over and above any other paper fiat currencies that keep it floating on top.

The yuan is valuable due to the fact that it doesn't leave China.

In many ways I can agree with you!

[EE_]

I was never very good at federal reserve math. I suppose the 50 would be the new $10 then. If the 5 is the new dollar, does this mean we need to tip the dancing girls 5's instead of 1's now?

See, you're better at federal reserve math then you give yourself credit for.
Dancing girls quit taking dollars a while ago, but they will break a $100 for you if you don't have any 5's, 10's etc.

http://how-to-strip.com/blog/wp-content/uploads/2011/12/Stripper-4.jpg

[midnight rambler]

the system is set up so FRNs do have value.

This quote demonstrates there are NO shortage of anosognosiac fools in the world. lol

There is NO(!) possible way in the world that an unredeemable promissory note* can have 'value' - only a completely brain-dead moron would think so**.

Sleep-walking through this world IS NO EXCUSE!!!

*the notion of paying*** a debt with a debt is without doubt the most idiotic concept EVER

**i.e. someone who remains willfully ignorant AFTER being exposed to the facts of the matter

***to 'pay' a debt (i.e. value for value/substance for substance) is to EXTINGUISH that debt, one can ONLY discharge (with limited liability) a debt with other debt

[Dogman]

This quote demonstrates there are NO shortage of anosognosiac fools in the world. lol

There is NO(!) possible way in the world that an unredeemable promissory note* can have 'value' - only a completely brain-dead moron would think so**.

*the notion of paying*** a debt with a debt is without doubt the most idiotic concept EVER

**i.e. someone who remains willfully ignorant AFTER being exposed to the facts of the matter

***to 'pay' a debt is to EXTINGUISH that debt, one can ONLY discharge (with limited liability) a debt with other debtThanks for quoting and misquoting me, by adding your words or such.

Any one that has two molecules in their brains that they can rub together to make a thought, can understand where I was coming from and saying, you are expanding and making assumptions of the beliefs I hold. The rubes/sheep were the ones I was talking about, but you in your arrogance chose to warp what I said.

Sheee!


Carry on with your agenda!

[Ponce]

The reason that I keep some paper cash is because people are so ignorant......in the future when the dollar dies people won't realize what is happening and will still give value to it and what ever they have they will sell it at a much lower price that what it is worth.

A $20,000 car they will sell for $5,000 but the dollar is worth almost nothing what you are really paying for it is only $500.00.

Keep plenty of $5,10 and 20 handy......and a lot of now days loose coins, remember that now days coins are made by the US Mint and not by the Federal Reserve.

V

[Dogman]

The reason that I keep some paper cash is because people are so ignorant......in the future when the dollar dies people won't realize what is happening and will still give value to it and what ever they have they will sell it at a much lower price that what it is worth.

A $20,000 car they will sell for $5,000 but the dollar is worth almost nothing what you are really paying for it is only $500.00.

Keep plenty of $5,10 and 20 handy......and a lot of now days loose coins, remember that now days coins are made by the US Mint and not by the Federal Reserve.

V

Hell ponce.

500 back in the day is 20,000 now!

[gunDriller]

as long as Benji's can be traded for PM's, food, guns & bullets, and other forms of investment, Benji's will have value.

Benji = $100 bill.