[Oilgood]

Just trying to confirm something here: since the USD is a now a debt-ridden fiat currency and is essentially devoid of any real worth except what peoples' collective faith infers on it, does that mean all the other currencies of world (esp. currencies ofmajor US trading partners) are essentially worthless as well? Why/why not?

[Carmiac]

It depends on how you think about it. Personally, I believe that all currency is worthless, including gold. It is only worth something while people believe it is.

[Pottery]

Currencies are worth what what others are willing to give you for them. I personally think they are worthless hot potatoes, hence I pass them on as fast as I get them to avoid being burned. People are prone to mass delusion, so different currencies come in and out of favor relative to oneanother, including the premier currency, gold.

Because all governments mandate that we use their officially recognized respective paper, we are forced to accept and use the paper, which gives it an artificial value. Effectively, any competing currency is given a competitive disadvantage. (And of course, the banking monopoly deliberately seeks to destroy the perception that gold and silver are alternatives through market manipulation.)

Obviously fiat currencies depreciate rapidly. In 1969 I bought a well built 2400 square foot house in a nice suburb for $34,000. Today the price is $500,000. It is the same house, but now well used. The value of the house has decreased, but in fiat terms it has increased. In reality, the currency has been depreciated by a factor of over 10. This is because the government and its banking agents have increased the supply of money over ten fold. They did this so that they could take from me the purchasing power of my money and use that purchasing power themselves so as to decived me about the amount of my wealth that they are taxing from me.

So the worth of currencies relative to oneanother is just a game of competitive depreciation. Today the dollar is on a slide. Tomorrow, maybe it will be the euro or the British pound or the Japanese yen. In the long run, they are all destined to be worthless in the process of extracting wealth from citizens.

All in all, it is the best con game ever invented, because not one in 500,000 understands how it works. It is like you all are like a bunch of dottering old ladies being scammed by unscrupulous repairmen.

[Such]

currency works on the "greater fool" theory... meaning that you will always be able to find someone ELSE to take your paper (or electrons) in place of a good or service.