Henry Bowman
Veteran Member
Right, so convert the FRN into usable goods while you can.
ECON Does Anybody Care National Debt Soon will be $30 TRILLION?
- Thread starter Doomer Doug
- Start date
Of course I care. This isn't how this family rolls. Buy now Pay now!
There are plenty of countries that trade amongst themselves not using the Dollar {FRNs}. The Doller should be backed by Gold & Silver it's not. Our FRNs are backed by the good faith in the US gov. We see how the Gov follows what they say, they will do works. As buying power erodes on the FRNs more countries will follow and discover better ways than using our FRNs in trade. Then it just gets worse.
There are plenty of countries that trade amongst themselves not using the Dollar {FRNs}. The Doller should be backed by Gold & Silver it's not. Our FRNs are backed by the good faith in the US gov. We see how the Gov follows what they say, they will do works. As buying power erodes on the FRNs more countries will follow and discover better ways than using our FRNs in trade. Then it just gets worse.