Expect price increases and inflation to soar.
HINT: The U.S. Gov't is issuing a dollar COIN.
Gotta be informed; I admire people who aren't in denial.
My common sense tells me that the dollar coins are needed only if INFLATION is expected to soar at least 400%. It will replace the quarter, gold is soaring against a weakling dollar and U.S. debt will reach 9 trillion in a matter of weeks.
2007-02-16 13:16:24 · 7 answers · asked by Anonymous in Social Science ➔ Economics
If you think that the $ is going to crash, then hedge it buy investing in Gold....
2007-02-16 18:24:30 · answer #1 · answered by Rain L 5 · 1⤊ 0⤋
Just like the 400% INFLATION (all caps) that we experienced the LAST time a new dollar coin was introduced - in 2000.
And the fact that the government is yet again trying to foist a dollar coin on us means that this time it's because the government knows the dollar is about to crash --
... I must say your powers of deduction are the very Eighth Wonder of the World, and I'd like to subscribe to your newsletter.
2007-02-16 16:40:03 · answer #2 · answered by KevinStud99 6 · 1⤊ 1⤋
Umm... I hate to break it to you, but dollar coins have been around for over 100 years. The fact that they changed the face of the new dollar means nothing.
2007-02-16 13:25:34 · answer #3 · answered by peacefultaco 2 · 1⤊ 1⤋
Money was created to ease the exchange of goods and services. Although they would like you to believe that it is more important than life itself, it is not. Strip a man bare, and he is still the same man. Only weak minded fools allow the dollar bill to control their life.
2007-02-16 13:25:02 · answer #4 · answered by Anthony D 2 · 1⤊ 1⤋
Life will go on.
2007-02-16 13:20:57 · answer #5 · answered by CHAEI 6 · 0⤊ 0⤋
No, not in denial.
What do you propose we do?
2007-02-16 13:21:59 · answer #6 · answered by Peck C 3 · 0⤊ 0⤋
Invest in the euro.... I might just do that... Thanks. WE COULD BE RICH PEOPLE!!
2007-02-16 15:06:34 · answer #7 · answered by Amber M 2 · 0⤊ 0⤋