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Old March 22nd, 2013, 09:48 AM   #81
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acctually devaluation of the dollar is a tax

You see the Government PRINTS MORE MONEY to spend..

This TAKES THE VALUE OF THE DOLLAR YOU HOLD IN YOUR HAND, YOU HAVE IN RETIRMENT SAVINGS.. LOWERS IT'S VALUE

to give the NEW DOLLAR VALUE...

thus the amount your dollar has been devalued IS A TAX PAID BY THE HOLDER OF THE DOLLAR..


This a TAX ON THE POOR.. this is how OBAMA HAS TAXED THE 47%...

if a dollar was worth a dollar in 2008.. it is worth ~50 cents today.

This is how the working people have LOST 48% of their net worth
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Old March 22nd, 2013, 10:44 AM   #82
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Originally Posted by TNVolunteer73 View Post
acctually devaluation of the dollar is a tax

You see the Government PRINTS MORE MONEY to spend..

This TAKES THE VALUE OF THE DOLLAR YOU HOLD IN YOUR HAND, YOU HAVE IN RETIRMENT SAVINGS.. LOWERS IT'S VALUE

to give the NEW DOLLAR VALUE...

thus the amount your dollar has been devalued IS A TAX PAID BY THE HOLDER OF THE DOLLAR..


This a TAX ON THE POOR.. this is how OBAMA HAS TAXED THE 47%...

if a dollar was worth a dollar in 2008.. it is worth ~50 cents today.

This is how the working people have LOST 48% of their net worth
Back up those figures, please.
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Old March 22nd, 2013, 11:18 AM   #83
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The dollar declines when it loses value in relationship to foreign currencies. When this happens, the dollar can buy fewer foreign goods, increasing the price for imports and causing inflation. In addition, investors in U.S. Treasury bonds will sell their dollar-denominated holding



Gas 1.84 December 2008.. $3.97 today.. (commodity sold on world market)


Canadian dollar was 60 Cents in US Dollars in 2008 today the Canadian dollar is worth $1.02

Buy Gold Bullion, Buying Gold Online ? Blanchard and Company, Inc.
Gold in 2008 980/oz today 1689
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Old March 22nd, 2013, 02:57 PM   #84
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The dollar declines when it loses value in relationship to foreign currencies. When this happens, the dollar can buy fewer foreign goods, increasing the price for imports and causing inflation. In addition, investors in U.S. Treasury bonds will sell their dollar-denominated holding

Gas 1.84 December 2008.. $3.97 today.. (commodity sold on world market)

Canadian dollar was 60 Cents in US Dollars in 2008 today the Canadian dollar is worth $1.02

Buy Gold Bullion, Buying Gold Online ? Blanchard and Company, Inc.
Gold in 2008 980/oz today 1689
I don't deny that the dollar has lost value. Your gasoline comparison is EXTREMELY misleading and a textbook example of cherry-picking data to make a point ... specifically, using December 2008 as a comparison point. The whole story:



The average high price for gasoline in 2008 was $4.11/gal, but in several metropolitan areas it almost got to $5/gal. The graph above shows gas prices in 2012 dollars. The high point for gas hasn't happened on Obama's watch. And, the reason gas bottomed in 2008 isn't too hard to explain.

The fact that the US was already in a recession hadn't hit home yet, after all, the word from the president in as late as July 2008 was that the economy was basically sound.

Futures traders, in a last rush of naked greed, had bid the price the price of a barrel of oil to $147/bbl. Then, the president, in Sept. 2008, told US citizens that without a significant bailout, yes, indeed, the sky was going to fall and take down the US and world economies with it.

Suddenly, the price of oil nosedived to $30.28/bbl on Dec. 23 about 20 percent of $147/bbl. Is it any wonder gasoline dropped to $1.84/gal. If the price of gas had fallen percentage-wise the same as oil, it would have been selling for around $0.80/gal!!

You too often play loose with facts, TN. Gold prices, inflation adjusted:



Inflation-adjusted gold prices don't support your allegations. Nor does the Canadian dollar/US dollar exchange rate. This a a chart for how much a Canadian dollar is worth in US dollars:



I don't trust anything you pull off the top of your head, TN. Not one "fact" you posted was true, and worse, you weren't even close.
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Old March 22nd, 2013, 04:42 PM   #85
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Only you believe the responses you give are answers. "It's still US dollars...." I don't know what you're trying to say? Paper dollars which are Federal Reserve Notes? Or currency created by adding a zero here and there on a computer?
Imaginethat, what you, I, and the libertarians disagree with is who's printing the dollar, not whether if the dollar is really is U.S. currency. That's silly talk imaginethat. The American people and foreign countries recognize the dollar as U.S. currency.

Please to underestimate my and overestimate your intelligence because you're sounding silly. sorry


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"The U.S. considers its currency legitimate therefore it has the full faith of our government...." That's nonsense. Who's the US? Who's the government? What is US currency?
No you're nonsense. You don't even know what you're talking about. The U.S. is a country, our government are we the people who organize a civilized society within our country, U.S. currency is what we use to pay for goods and services.

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I know what currency devaluation is - the 2012 dollar is worth three or four 1913 cents - but what is "degrading" the dollar?
Sorry it suppose to be degrading of the credit rating.

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How does the US government repay anyone? Are you speaking of the US government borrowing money, and then repaying debts? Do your realize the insanity of what I just asked?
It's called interest, wow.

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I've acknowledged your argument about why the gold standard isn't doable. I don't agree with you. I can't make you see it if you won't see it. Nixon's breaking the tie to specie ushered in the explosive debt racked up by Reagan, Bush, and Obama.
Hold up, you said yourself that gold should fluctuate with the amount of dollars floating around in our economy. 1 of my main points was what's the point of being on the gold standard if we can do the same thing without the gold standard. So how can you blame our massive debt on the removal of the gold standard? Not only is our debt not a problem (also admitted by John Boehner), we can easily lower the debt by creating jobs, making the wealthy pay their fair share, and ending free trade.

And FYI, Obama didn't explode the debt, he put Bush's debt on the budget.

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I've acknowledged your answers. Some of them just don't make sense. Some use terminology you haven't defined. Some are just plain wrong.
No you won't just admit that a liberal like me is right because you want to continue to receive thanks from your right-wing pals. Always disagreeing with a heavy weight liberal like myself will always get you praise with the right-wingers here.

You never use to be like this, you use to be so open minded when you joined this site that you would actually agree with most of the economic ideology. Now you repudiated them. You're no difference from a politician who's paid millions by a lobbies to do their political will.

You become what you hate most about politicians, a sell out.

Now I'm giving you the last word, then this thread is closed.

Last edited by Fayt; March 22nd, 2013 at 08:45 PM.
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Old March 22nd, 2013, 08:25 PM   #86
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Ever play Monopoly?
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Old March 22nd, 2013, 08:54 PM   #87
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You know the history behind the game? It was a history based board game to show what happens when there's no enforcement of the Sherman-Anti-Trust-Act. The woman who invented the game sold it to some company who over the years made it into the game today. It's a dumb down version, but it essentially tells the same story.
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Old March 22nd, 2013, 09:17 PM   #88
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You know the history behind the game? It was a history based board game to show what happens when there's no enforcement of the Sherman-Anti-Trust-Act. The woman who invented the game sold it to some company who over the years made it into the game today. It's a dumb down version, but it essentially tells the same story.
Where do you come up with this stuff? Do you just make it up as you go? Sherman Anti Trust Act indeed.

Anyone who has ever studied economics has studied Georgism. And the gsme of Monopoly is always studied. The game Monopoly was created by woman, who was an adherent of Georgism, to demonstrate why rent on proprty is bad for society, thus the game being nothing but rent on properties.
Thanks from imaginethat
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Old March 23rd, 2013, 01:58 PM   #89
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Where do you come up with this stuff? Do you just make it up as you go? Sherman Anti Trust Act indeed.

Anyone who has ever studied economics has studied Georgism. And the gsme of Monopoly is always studied. The game Monopoly was created by woman, who was an adherent of Georgism, to demonstrate why rent on proprty is bad for society, thus the game being nothing but rent on properties.
True, but also how detrimental to our economy to have few people owning a lot of the market place.
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Old March 24th, 2013, 08:46 AM   #90
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What's the hold up imaginethat?
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