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  • #46
    Originally posted by varikonniemi View Post
    Are you a bit slow? If everyone who does jump of the cliff dies from the fall, will you jump off the cliff just because someone notices "hey! That guy jumped and has not YET reached the ground!". Then i try to point out "look at ALL those bodies right where you are going to land!". You laugh at this and jump screaming "you were full of shi---" SPLAT

    What makes you think that after hundreds of failed ones, the us dollar will be the first FIAT to live to a hundred years?

    Idiocy is doing the same thing over and over again expecting different results. The fiat money theory is broken and cannot yield anything but corruption and ultimately hyperinflation. It is time for plan B(itcoin).
    Your analogy is false: predicting that gravity will have an effect on a person is pretty certain, predicting the vagaries of a currency 50 years in the future is not. There are too many unknowns in the equation to be able to state something like that with any sensible level of certainty.

    You quote Einstein with respect to idiocy, but don't appear to appreciate that things now are different to 50 years ago, and even more different to 100 years ago. We have different systems, methods and ideas now that would probably have been unthinkable in the past. To say that we're doing the same thing as 50 years ago is to focus so narrowly on one aspect of a financial system that everything else (including its context) gets ignored, and financial systems are not free of context by a long way.

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    • #47
      Originally posted by varikonniemi View Post
      Are you a bit slow? If everyone who does jump of the cliff dies from the fall, will you jump off the cliff just because someone notices "hey! That guy jumped and has not YET reached the ground!". Then i try to point out "look at ALL those bodies right where you are going to land!". You laugh at this and jump screaming "you were full of shi---" SPLAT
      My entire point is that fiat money isn't like jumping off a cliff at all. You think it is, but have no proof. I think it's not. It's more like driving a car to work every morning. Occasionally, you hear stories about a wreck that's killed someone. That doesn't mean i'm going to try walking to work instead of driving. That would just be stupid.

      Getting rid of fiat money could easily trigger massive hyperdeflation. It's a lot more likely than hyperinflation caused by staying on it.

      What makes you think that after hundreds of failed ones, the us dollar will be the first FIAT to live to a hundred years?
      Come on now, there haven't been that many. Paper money has only existed for about 900 years total, and fiat money is a lot newer. How many were even around before 1913 that would be eligible for your test? You seriously don't think the US dollar will be around for 20 more years? Even if everything is as big a disaster as you think, the government could push the can down along the road for that long.

      What's the ratio of fiat currencies that have never crashed versus those that were destroyed? Over 99% i'd wager. But of course you'll just point out that they haven't crashed yet, as if that was proof that they someday will.
      Last edited by smitty3268; 05-02-2013, 04:14 AM.

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      • #48

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