Out of curiosity... who voted that the video "End of Liberty," contained propaganda on this thread? I'm interested in hearing your view points (if you don't mind). For those of you who enjoyed the video - regardless of your opinion - you may consider watching the documentaries below. Both were produced by the National Inflation Association on the subject of economics - more directly, the instability of government spending contributing to deficits and debt.
I kind of got the feeling that they were trying to convince me to invest in gold and silver. Incidentally, that's what their website advertises. They sound like a business, and these videos are part of their advertising.
Doesn't mean they're flat-out wrong in what they're saying, I'm just skeptical toward their intentions.
The mission of the National Inflation Association (NIA) is to educate/prepare Americans on the prospect of hyperinflation. During hyperinflation, the dollar will have no value, and that is why NIA recommends diversifying out of the dollar and into precious metals - like gold and silver. Historically, precious metals have always proved to be the most stable form of currency. In any case, NIA is not a "business," as you put. NIA is a non-profit organization. In fact, NIA doesn't even except donations.
Originally posted by ushomefree
What form of currency is more stable than precious metals?
Pretty much all of them.
The ones we use today in the Western are artificially stabilized which is why the dollar doesn't fluctuate noticeably in value month to month. On the other hand the price of gold is reset every day. Just for example, the price of gold spiked very suddenly when the financial crisis hit. The value of the dollar stayed much steadier.
Our currency is totally getting off track. Everyone's selling their gold, copper..etc. Once the US Dollar isn't the World currency, we're doomed! I can see that happening soon. The US Dollar is becoming worthless especially once they start printing more of it. People are converting to other currencies.
Sorry, I haven't looked at the videos yet, but I've seen many talking about it.
Originally posted by Symmetric Chaos
Pretty much all of them.The ones we use today in the Western are artificially stabilized which is why the dollar doesn't fluctuate noticeably in value month to month. On the other hand the price of gold is reset every day. Just for example, the price of gold spiked very suddenly when the financial crisis hit. The value of the dollar stayed much steadier.
but noes! they keep printing money and soon we are going to be Zimbabwe with hyperinflation! Zimbabwe! their country starts with a z! that's how dire america's situation is!
Originally posted by Deja~vu
Once the US Dollar isn't the World currency, we're doomed!
Less "doom" and more "finally force the US to restructure its economy".
Originally posted by Deja~vu
I can see that happening soon. The US Dollar is becoming worthless especially once they start printing more of it.
The yuan is doing worse against the USD than it was in 1990.
The Euro is only doing slightly better against the US than in 1990.
Originally posted by Symmetric Chaos
The yuan is doing worse against the USD than it was in 1990.
The Euro is only doing slightly better against the US than in 1990.
the Canadian dollar is at an all time high against the US, and we take pains to devalue our currency against yours
EDIT: errr, I can't say it is at an all time high today, but like, since we made effort to reduce the value of our dollar, it hasn't been this high above the value of yours for this long etc. There might have been points where ours spiked or yours dipped, but not like it currently is.
Originally posted by Bardock42
lol, you sure about that?
~1.25 vs ~1.65
Which would be a 30% improvement and evidence that I shouldn't try to eyeball things.
Originally posted by inimalist
the Canadian dollar is at an all time high against the US, and we take pains to devalue our currency against yoursEDIT: errr, I can't say it is at an all time high today, but like, since we made effort to reduce the value of our dollar, it hasn't been this high above the value of yours for this long etc. There might have been points where ours spiked or yours dipped, but not like it currently is.
They're about the same now, I think. Which is a large improvement (going from 1990).
Originally posted by Symmetric Chaos
~1.25 vs ~1.65Which would be a 30% improvement and evidence that I shouldn't try to eyeball things.
Actually I was referring to the Euro only being introduced in 1999.
That's probably the ECU you are looking up.
It's being a bit pedantic, but good if it made you check again 😛
Originally posted by Symmetric Chaos
They're about the same now, I think. Which is a large improvement (going from 1990).
not really, it benefits our economy to have our dollar lower than yours, which it was in the 90s (the majority, for some reason like 96 rings a bell as a bad economic time...)
thats why it is so rough, we have a deliberate fiscal policy that artificially deflates our currency (the same thing the US accuses China of, calling it economic warfare), we can count losses in millions or billions in terms of the money we lose by having a dollar that is competitive with yours. Ideally, we would be in the .7-.8 range, iirc.