Quote Originally Posted by Sparky
Joe, your explanations clarify why lack of faith in future ability to pay can cause a disruption to distribution and availability of product.

However, this is completely different than lack of faith in the currency itself. That seems to be what is being confused in this discussion.
I think what's being confused is the dollar and credit. There won't be a dollar collapse any time soon but we may very well experience a global collapse of credit. And credit constitutes the vast majority of what we call the money supply. The majority of high-powered banks are running on government sanctioned accounting fraud to keep their doors open and it's just a matter of time before it all catches up with them, and with us.

So Sparky is right, we shouldn't worry about a dollar collapse, we should be worrying about credit collapse, which will be far more pervasive and devastating.

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