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Reply #87: The dollar is on the way of losing the world reserve currency status. That means [View All]

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Mira Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-05-11 10:10 PM
Response to Reply #79
87. The dollar is on the way of losing the world reserve currency status. That means
we cannot keep gas prices low (compared to the rest of the industrialized Western world they are low) because they are paid for in dollars which we can and do still print at will.

When we start having to pay for our gas in a new world currency that we cannot produce by printing it, gas prices will eat us alive in the economy we have without alternatives to cars and planes.

Combine that with hyper inflation and we go into a depression.

The reason Gold and Silver have risen in such incredible ways (silver up 50 percent so far this year as the poor man's gold) is because people are realizing their dollars lose value when they only look at them, and they are trying to preserve buying power with precious metals.
None of that has changed, and the metals will come back and resume the uptrend.
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