GoFuckYourself.com - Adult Webmaster Forum - View Single Post

Helix · 03-22-2009, 06:30 PM

Which nation is wealthy right now?
It's a tough call. Printing money without tangible backing, plus the fact that the dollar is really only worth what people perceive it to be worth. They are playing a dangerous game by printing more unbacked currency. The downside is zero confidence in the dollar which would be a collapse in the value resulting in a depression.
Gietner scares me...and probably a lot of other people. He doesn't instill confidence therefore less buyers of debt. I don't think the dollar is perceived as strong. But....it is the only game in town so....who really knows.
I have heard mentioned several times now that a global economic crisis like this one requires a global solution.
I would imagine the peeps that desire a world currency are wringing their hands in delight right about now.

03-22-2009, 06:30 PM
Helix Confirmed User Join Date: Feb 2002 Location: Michigan Posts: 6,008	Which nation is wealthy right now? It's a tough call. Printing money without tangible backing, plus the fact that the dollar is really only worth what people perceive it to be worth. They are playing a dangerous game by printing more unbacked currency. The downside is zero confidence in the dollar which would be a collapse in the value resulting in a depression. Gietner scares me...and probably a lot of other people. He doesn't instill confidence therefore less buyers of debt. I don't think the dollar is perceived as strong. But....it is the only game in town so....who really knows. I have heard mentioned several times now that a global economic crisis like this one requires a global solution. I would imagine the peeps that desire a world currency are wringing their hands in delight right about now. __________________ Free OneHungLo !!! Free Baddog !!! Free Mr Pheer !!!