[ame="http://www.youtube.com/watch?v=b9lCN0YIkN4&feature=player_embedded"]Max Keiser's new plan "TEAR UP YOUR DOLLARS!" - YouTube[/ame]
thats all fiat money has is confidence....once thats gone there is nothing left. Also once confidence is gone is when hyper-inflation sets in!
Don't tear up your dollars -- send them to me. I'll take them and dispose of them in more appropriate ways -- by buying things.
Actually, the CPI is 3.8 and has more then tripled in a year. And the CPI is a joke anyway. The CPI says that a computer can go up in price, but counts it as going down in price because of expected added efficiency. Okaaaaaay. Here is an idea - why don't you CPI people put out your 'adjusted' numbers AND put out the ACTUAL numbers and let the public decide which one they want to follow?
yup......use the same basket of goods used in 1980! PS....then you get an inflation rate of 9%......now we can't have that can we?
Oh I get it, you only look at volatile energy and food prices when they go up. You dismiss when the go down. Not very useful.
At OWS, some people are planning on tearing up dollars and throwing it in the marches like confetti. If it weren't illegal, I would be doing so as well
I guess the name of the game is confidence. Once people lose confidence in the currency it collapses like it did in Argentina and in Wiemar Republic.
Well, if they would count it, and report the amount to the FED, maybe the strength of the dollar will go back up?