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RE: Today Is the 45th Anniversary of The Most Destructive Event In Modern Monetary History

in #money8 years ago

The analysis looks sound and my finance background tells me it gets the right picture of the situation with the USD and the US economy. And the fact that the dollar printing machine has reached enormous scale is yet another sign of the explosure that can happen soon.

What surprises me though is that there are similar analysis from different economists all predicting the crash of the US economy more less since 2008... And it's still there. With all the issues up there - it's still up and running.

So my question is... What's the timeframe that your analysis is showing? When do you expect the results of the dropping the gold standard come into life?

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Working out when it's going to go is difficult. Like watching a spinning top wobble. You know it's going to go soon, but you can't be sure exactly how much longer it will last.

As the currency isn't backed by anything, it is backed by (literally) hopes and dreams. The currency will continue to hold sway in the markets so long as people have the perception that it does.