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Re: longonau post# 3741

Wednesday, 12/07/2011 2:09:24 PM

Wednesday, December 07, 2011 2:09:24 PM

Post# of 12573
Yes currency is worth nothing because it's printed And gold is not officious
But I have a question for our u.s. citizens
Wy do you all think europe is so bad the u.s. have a debt 10 times of that of europe
And in 1975 the fed was born you know a gallon petrol cost 1 dollar a that time
Between 1975 &2010 the amount of dollars printed is more then 128 x
But a gallon of petrol is now 4$ so you are missing a inflation correction of 32 x

What do you think will happen if people realize this

And What will happen if the oil producers see this
And dont accept dollars any more

And dont say it will never happen
Because I speak a lot of oil traders
And 2 years ago the dollar was the only currency that was accepted
Now they accept 4 thinks.
1 dollars
2 euro's
3 yen
4 gold

So the dollar don't. Have immunity if you want the answers ask me

Think about it
Best regards
Barend
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