Everything is completely falling apart, there is nothing we can do now.
Everything is falling apart fast, if we act fast we can stop a collapse.
Its dier, we need to do something quickly.
Bush is the cause of this decline, he must resign now.
The dollar will do the work, everything will even out over time.
We will manage it, but it will take time and missery.
Its alright, shouldnt be to difficult to fix.
Everything is fine as it is.
Everything is the fault of John Kerry..
My point is only limited to an observation that much of the public's trust in the American dollar is founded on misconceptions about what backs the dollar, both in terms of value and security.
I'm not saying that's good or bad or that they are idiots.
and the only thing backing the dollar is the Full Faith and Credit of the US which dubya began to erode and Obama has put into overdrive on steroids and high octane boost
the dems who hated bush but love obama are the biggest bunch of fools and perhaps the reason why the down fall of america is imminent
The fact of the matter is if we still backed every dollar in this country our money would be stronger and right now it is weak. We should have it backed up as what will do if our economy totally fails? Just print up more money that is not worth anything?
Last edited by Kali; 10-18-09 at 10:51 PM.
~Following My Own Flow~
Now, taking that and applying it to my discussions with people both in RL and in numerous political forums, I can say that most people who aren't versed in economics simply do not know that the dollar is backed only by the promise of the federal government. They also don't know that the FDIC doesn't have the reserves to support even a quarter of their obligations. They just don't know. As my sample size is much greater than 30, I can rest assured with at least 95% confidence ( ) than this is probably true of the general populace as well.
Again, that's not necessarily good or bad... though perhaps it is demonstrative of the failings of our current education system.