Re:Farm bankruptcies on the rise according to new Fed report
by pm90 on Tuesday November 27, 2018 @02:13PM
(#18545625)
Oh come on. Not this argument again. Let me just say this: short of WW3 or a complete reset of the global economy, we will never, ever, ever go back to tying currency down to a commodity, ever again.
Re:Farm bankruptcies on the rise according to new Fed report
by turtlecloud on Wednesday November 28, 2018 @02:15AM
(#18549806)
Why do you say that? Back in 2001 I couldn’t have imagined that the USA would still be in Afghanistan in 2018. But it happened. Is the US more or less likely to be in Afghanistan in 100 yrs? Idk.
What’s to say that currency won’t be tied back to commodities? What makes you so confident?
That is, once the dollar dropped the link to gold, and money could be printed, a lot if things went increasingly haywire, down to the circus of bailouts in 2008 and "quantitative easing" afterwards.