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Thread: Interesting read about the dollar as the world reserve currency

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    Senior Member Viking350's Avatar

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    Interesting read about the dollar as the world reserve currency


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    Registered User LAGC's Avatar

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    I actually think the devaluation of the dollar would be a good thing long-term. It would make foreign goods much more expensive to purchase, which would bring manufacturing back home. Vacations abroad would be more expensive for us, but foreign tourism here would boom.
    "That tyranny has all the vices both of democracy and oligarchy is evident. As of oligarchy so of tyranny, the end is wealth; (for by wealth only can the tyrant maintain either his guard or his luxury). Both mistrust the people, and therefore deprive them of their arms." -- Aristotle, Book V, 350 B.C.E

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    Guns Network Lifetime Member #2

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    Quote Originally Posted by LAGC View Post
    I actually think the devaluation of the dollar would be a good thing long-term. It would make foreign goods much more expensive to purchase, which would bring manufacturing back home. Vacations abroad would be more expensive for us, but foreign tourism here would boom.
    They had fun with hyperinflation in Germany too. MORON.

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    Read this if you think there's hope in fiat currency:
    http://www.gutenberg.org/ebooks/6949
    http://www.sjsu.edu/faculty/watkins/hyper.htm


    Pay attention to the bit about Yugoslavia in the last link, it could very well be coming to a neighborhood near you.

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