Posted by RodInNS on March 31, 2014 at 10:11:30 from (216.118.158.123):
In Reply to: Re: OT--GOLD Investment? posted by Traditional Farmer on March 31, 2014 at 09:14:54:
I disagree absolutely with the assertion that any fiat currency will necessarily become worthless. You have situations like Zimbabwe where you have a whack job in control who is completely destroying the economy of the nation and robbing what he can for himself... and in that case the value of the currency has gone to nothing. To suggest that we are there or anywhere near that situation in the developed world is simply foolish.
Instead of asking why Fiat currencies fail mabey you should ask yourselves why we continuously RETURN TO Fiat currencies after every adventure with gold? Probably has a lot to do with the simple convenience of using paper vs trying to weight out gold on the spot to facilitate trade... In my view there is just about zero chance of us ever moving away from some form of Fiat currency and with the change that's taking place in the world these days... the likelihood is all that much greater that we will only enhance that. If it comes to the stage where that won't work, you're going to require a lot more guns and lead shot that you're going to require of gold.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
... [Read Article]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.