aadbrd wrote:OutcastPhilosopher wrote:The dollar is not worth the same...
Is this ultimately a theory about oil depletion or about fiat currency?
I sense grasping at straws.
You idiots don't even know what a "dollar" is......A constitutional dollar equals 371.25 grains of pure silver, which is the same as 77.344 percent of a troy ounce. Now how many federal reserve notes does it take to buy that much silver?
Go and try to buy an American Silver Eagle with FRN.
Go and try to buy a Peace Silver Dollar or Morgan Silver Dollar which are 77.344 percent silver with FRNs. The silver value today is just under $20. Of course, you will not be able to one for $20 and in fact you will most likely spend somewhere between $60-$100 for the regular year coins. But, if you were to just examine the silver content and realize that it has value for something that was used as a "dollar" what does that tell you?
Yet, the smooth brains state that there is no inflation or currency debasement.
The same is true of oil. We are scraping the bottom of the barrel for off-shore oils, shale oils, and tar sands. All of these are some of the most ecologically destructive also. This is because we need all the oil we can get. All of the information coming out about "reserves" from Saudi are completely false. The Giant oil fields are in terminal decline and it is being purposely obfuscated just like the debasement of currency.
This board is made up of smooth brains that cannot see the obvious or do a bit of cursory research that shows we are heading into collapse. I am not claiming that it is going to happen tomorrow but it is going to happen and it is going to take everyone by surprise.