Comment: All of the academic theory

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All of the academic theory

All of the academic theory gets thrown out the window when the FED is able to print trillions of dollars out of thin air and call it money.

People are now conditioned enough to think that a piece of paper is worth more than silver or an ounce of gold.

That's an amazing accomplishment in itself.

"Money," is what people think it is. Ever since the 20th century, money has become less physical, and more psychological.

What people think matters most. Most people on the planet still think the dollar has value. If you and I did not think a dollar had value, then why did you pay your bill today in dollars? Why did you use a credit card? It's all mental, not physical anymore.

When the market crashed in 2008, the Federal Reserve stepped in and bailed out businesses, banks included, all over the world.

The Federal Reserve saturated the world market with debt instruments called dollars in the form of loans with interest. Everybody wanted them, still do. How many countries are now on the FED's hook?

A one world currency? The "Uno?" It's already here, and it's called the dollar. Has been that way for about a century now and I don't see any other currency on earth ever surpassing it to be frank and honest.

What's going to replace the dollar?

There is no substitute. If anyone thinks the Euro is a better substitute, then why was half of Europe bailed out with US dollars?

"The dollar collapse," my ass. The dollar will only collapse when people no longer think $100 bills are valuable and I don't see that coming any time soon.

Suck on that, Peter Schiff.

Never be afraid to ask simple questions.