This has bothered me all day. ..about the dollar..Submitted by Crickett on Sun, 12/11/2011 - 20:24
I do not understand much about money though I have tried, and this may be a really stupid question. But I thought about it since last night, and I do not see how it could not happen.
What about this?
Since money is anything from gold, to wampum, to paper, it seems if everyone agrees, then it is IT. Supposing all of Europe, which is on the Euro, and Russia and the US just decide to make a new world currency that they will all use. The fed prints zillions, pays off all debts, sends a bunch to socialist countries so they can pay off their debts, and then tells Americans to turn in their dollars and they will get 125% back in the new currency? Now they would all have YEARS more to screw it all up again. Gold and silver would go back to being worth zip because is not considered currency. China and other places would have to accept it because if they want to sell their stuff that is what they get. I see no reason for the FED to not do this. I hope someone can give me reasons. This might be stupid as are most of my musings, but this is truly bothering me.