Currency devaluation

[Klayton]

@1Admin: $1000 > $750 that sounds more like a readjustment like they did in Mexico. Unless the quote was your $1000 will be actually worth $750, that is devaluation. Good way to look at it, look at a top of the line sports car and its cost, now look at a top of the line sportscar and its cost 40 years ago. YES I know they are two completely different cars yadda yadda yadaa, but they do have one thing in common that cant be argued, they are the TOP OF THE LINE for their time on this little rock called earth. Now compare the costs, you will be shocked. That is primarily caused by devalueing the dollar through inflation.

[antishot]

I believe the dollars have been going down hill since 1913 when the Fed Res was formed and the same year them started the income tax. Maybe because they had to have some way to pay for the interest that the big banks knew that were coming.

[Rmplstlskn]

Dont they devalue the money by printing more of it?

This is MY OPINION on what their plans are...

If the FED/.gov were to reach into everyones bank accounts and "devalue" their money, it would be an overthrow and revolution unlike anything we have yet seen. To the uninformed, clueless people, that would be outright THEFT (eventhough they are being robbed every day now behind the curtain) and it would not go down well at all. But if the dollar is valued at less and buys less, it slips right past them... The same way people say "GOLD is soooo expensive right now..." when in reality it is their DOLLARS that are worth less and it takes more dollars to buy gold.

I'm not concerned with a FED taking money out of my account, I'm concerned with buying all the TANGIBLES (food, tools, equipment, supplies, etc...) I want NOW before it my dollars become worth-less and we have "bank holidays." Sadly, my $$$ fall short so quickly...

Rmpl

[Bearman202]

I stopped by Wally World today, and went through the food section. Several of the canned veggies were over a dollar a can. I don't think I've seen that before for butter beans. Prepared stuff, like chili or whatever, yeah, but never for just a plain veggie.

[crossbow]

I stopped by Wally World today, and went through the food section. Several of the canned veggies were over a dollar a can. I don't think I've seen that before for butter beans. Prepared stuff, like chili or whatever, yeah, but never for just a plain veggie.

I just bought a few cases of BB for .69 a can at Aldies. 14.5 can size, peas-.49,corns,mixed-.59 whole pot& spinich .59, overall everything had gone up between 4 and 15 cents.

[Bull]

Someone could explain much better, but the dollar is being devalued because the fed is putting so much of it into the world, as said earlier by someone, through a computer and numbers on a bank account, rather than actually printing money, although the printing happens also. This shows up in the form of inflation. We pay more because our dollars aren't as valuable. We borrow so much of what we spend, and are getting to a point where we will not collect enough in taxes to cover the bill, so we will have to print it, thus devaluing the dollar. The market already reacts to this in the form of price increases/inflation. If other countries succeeded in changing to another currency as the world reserve, we would be in trouble because we could no longer just print money to pay off our debts. And because the rest of the world wouldn't need U.S. dollars to buy oil and other things, we wouldn't have the leverage we have now. So much of what we buy comes from other countries that we would either have to spend more for them if they demanded higher prices, or begin producing all those products here, which is not going to happen that quickly. So everything goes up in price (inflation), because our money is worth less (devaluation of our currency). At some point things reach terminal velocity and inflation becomes hyper-inflation, which becomes panic, which becomes TSHTF. I wish I would have paid more attention in economics, but I've tried to learn from reading Thomas Sowell's books on economics. He is great, and breaks it down very clearly, if anyone is interested. But this is the general understanding that I have. Maybe someone can polish up what I said and point out my inaccuracies. I think everything I have been buying at the store is going up. Here is a sight with some good info/videos:

http://inflation.us/videos.html

[antishot]

It will be getting worse soon the Saudis just announced that they will be slashing there oil output because thy believe here is to much oil out there on the market. Our gas price where I am from is 3.99a gallon and by Thursday it will be 4.04. But yes everytime the Fed prints money the value goes down. I heard yesterday that the S&P now gives us a negative rating, now that's going to be good for the dollar. Plus I heard that the Canadian dollar is now worth more than ours I don't about that so much because I have not read anything on it yet.

[Klayton]

@antishot: the current Canadian dollar has surpassed the US dollar. Currently wealthy Canadians are buying out A LOT of property in the US because of this fact... Leave it to us Americans to screw ourselves over...