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Still Doin Time
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
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Anyone Watch: The End of the Road - $$ ?
Just finished watching a documentary: The End of the Road: How Money Became Worthless...............................
I have to say I am..................stunned. It was presented in a very basic fashion so even a layperson like me could easily understand what happened to the value of the US dollar and then inflation. It is the first time I've ever seen anything explained from seemingly neutral point of view concerning the devaluation of the dollar. I am now even more afraid of what appears to be the eventual US economic burst. NO PARF - I would really just like to know if anyone else has watched and what is their take. Also any money / financial guru's here who have an opinion, please chime in. I'm ALL ears. 
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'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss '07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold '85 Guards Red Targa - Almost finished after 17 years '95 Road King w/117ci - No time to ride, see above '77 Sportster Pro-Street Drag Bike w/93ci - Sold |
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03-20-2013, 05:20 AM
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The overall level of economic and capital markets discussion in PPOT is extremely low. The large majority of the comments I read here are un-informed.
Most financial industry professionals will be prohibited, by their companies' rules, from participating in online investment discussions. The value of the typical TV "documentary" on economic or capital markets topics is similar to the value of the typical TV "documentary" on UFOs, the resurrection of Elvis, and so on. That said, I haven't watched that documentary, and won't.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? |
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03-20-2013, 05:40 AM
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Registered
Join Date: Jan 2004
Location: Seattle
Posts: 1,954
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Just wondering.... did they say when that might happen?
I've heard estimates anywhere from 10 - 25 years from now. _ Last edited by genrex; 03-20-2013 at 06:03 AM.. |
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03-20-2013, 05:42 AM
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Still Doin Time
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
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Well, I do not think this was presented like an info-mercial. I did not get the impression that the documentary was anything more than a basic explanation of how US currency moved from the Gold standard to the FIAT standard in 1971 under Nixon's regime.
Also, I do not remember 'they' predicted any time frame for the US dollar implosion.
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'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss '07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold '85 Guards Red Targa - Almost finished after 17 years '95 Road King w/117ci - No time to ride, see above '77 Sportster Pro-Street Drag Bike w/93ci - Sold |
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03-20-2013, 05:47 AM
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Make Bruins Great Again
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Fiscal conservatives were screaming since the early 60's about this but no one listened. My father predicted today's financial debt back then based on 1) the elimination of the gold standard and 2) the govt borrowing money for social programs.
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-------------------------------------- Joe See Porsche run. Run, Porsche, Run: `87 911 Carrera |
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03-20-2013, 07:18 AM
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I looked it up and found a listing of "speakers." Without watching, but knowing what these guys have said in the past, it likely follows the thinking of Austrian Economics. Most of these guys are considered on the fringe. This is similar to what Congressman Ron Paul talks about. Several think he is also on the fringe
Ludwig von Mises Institue is the most popular outlet for this line of thinking.Ludwig von Mises Institute : The Austrian School Is Advancing Liberty
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1987 930, (Imagine Auto) 3.4L, dual plugged, Electomotive, k27HFS, Tial WG, SC Cams, Kokeln IC, GHL headers, HKS EVC5 boost controller, Bilstein coil overs, Big Reds on Front |
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03-20-2013, 10:55 AM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,943
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Look up what just happened in Cyprus and you will see the beginning of the end. When any country thinks about raiding its citizens bank accounts to keep going, things are going to go downhill and fast.
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2013 Jag XF, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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03-20-2013, 11:28 AM
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AutoBahned
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at the risk of continuing an extremely low level of discussion...
inflation is quite low and the USD is without peer in all the world however, this country and others will face enormous challenges in the future as the physical env. changes, and that will change the fiscal env. |
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03-20-2013, 01:37 PM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,943
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Quote:
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2013 Jag XF, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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03-21-2013, 07:26 AM
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1989 Porsche 911 Carrera 3.2
Max
