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GOLD VS DOLLAR


 

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http://digg.com/business_finan... The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to the ecomy of the United States and why this country is in a lot of trouble financially.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: therealweeklynews

Length: 05:20
Rating: 4.78
Views: 440561

Tags: banks  bonds  crisis  depression  devaluation  dollar  economy  federal  gold  interest  loans  recession  reserve  stocks  vs  

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Video Comments

BennyBlanco1986 (November 30, 1999 at 12:00 am)
oh really? Why don't you enlighten us.
r3dredwine (November 30, 1999 at 12:00 am)
Just type "JBS end fed contact congress" into google and click the top link, Send a pre wrtten letter to congress about abolishing the Federal Reserve! Send To Congress Share With Everyone
dnorrish117 (November 30, 1999 at 12:00 am)
If you only knew economics
7Hook (November 30, 1999 at 12:00 am)
The Spain case is a great example of how inflation can destroy an economy. Back then it was huge inflation in the silver supply (which otherwise is nearly impossible to do), while today it is a inflation in the supply of fiat currency (which is incredibly easy to do, and one reason fiat sux). Shows that everyone knows inflation is extremely destructive.
7Hook (November 30, 1999 at 12:00 am)
That example is a case where the value of silver changed dramatically because large new supplies were found on a new continent. That was hundreds of years ago, the circumstances will not repeat, and silver is still a better form of money than fiat currency. And some people may only be able to afford to accumulate silver, and not gold.
ChelseaPrivateEquity (November 30, 1999 at 12:00 am)
Some of the comments are out of context of just false. Others are spot on. The comment about silver maintaining its value is an easy one to disprove. When Spain pulled a lot of silver out of the New World the value of silver dropped. They effectively flooded the market so value in terms of other goods and services dropped. Alternatively it could be said that the price measured in silver for goods and services rose dramatically. Gold is more stable than some.
madrugao5am (November 30, 1999 at 12:00 am)
very good
janclierinck (November 30, 1999 at 12:00 am)
Chapeau my friend! well done: good explanation, good graphics: a complex issue made simple. I put it on my GoldBounty blogspot com
heydanno777 (November 30, 1999 at 12:00 am)
Isn't this the 'cinema massacre' and 'angry video game nerd' guy? How many channels and monikers does he have?
madcatzy (November 30, 1999 at 12:00 am)
Federal reserve = criminals

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