Comment: "No one knows when, but they

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"No one knows when, but they

"No one knows when, but they both know that the dollar will inevitably fail because of history."

As I said, in that case, gold has also failed. There have been many times where if you held gold, your purchasing power got killed. I mean, from 1980 to 2002 the price of gold dropped, right?

"No fiat currency has ever survived in the history of the world."

Not all fiat currencies are the same.

"The financial world is a powder-keg of debt or haven't you noticed? Portugal, Italy, Ireland, Greece, and Spain spells PIIGS for good reason."

Those guys DIDN'T HAVE FIAT CURRENCIES! They had to BORROW Euros to spend...they couldn't just create their own money.

"Every country is holding other country's debt just like a Ponzi Scheme."

If everyone is equally indebted to each other, isn't there then no debt?

"One going will cause all to fall, like a house of cards or a row of dominoes. This is Economics 101: Countries or people cannot borrow money to pay off debt."

Again, you don't understand how the fiat system works. The US doesn't have to borrow to spend. Austrians and Keynesians seem to simply ignore this point, because they don't like it.

Plan for eliminating the national debt in 10-20 years:


Specific cuts; defense spending: