“Just another guy with a blog.  No big whoop.”

December 4, 2009

Dire Predictions About the Destruction of the Dollar

Rock-a-bye baby, in the tree top.
When the wind blows, the cradle will rock.
When the bough breaks, the cradle will fall,
And down will come baby, cradle and all.




(Courtesy of Father Steve Leake)

3 comments:

  1. I'm no economist, but it seems to me that this was a doom and gloom production to encourage people to invest in silver and gold.

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  2. I am an immigrant from Poland.
    I vaguely recall what happened there after communist collapse, mainly the established currency went belly up and became worthless.
    We would stand in long lines just as you see here on black Friday, but instead of purchasing TVs you were there for bread and milk.
    I do wonder if this will happen in the US?

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  3. Indeed 'material valuables', such as gold and silver (and to lesser extent buildings and land) are usually the safest investment since their value is usually stable (it does fluctuate, but it does stay stable compare to currency).

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