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U.S. paper currency is becoming worthless, Time to buy gold.

Tuesday, July 10, 2007

The U.S. paper dollar is becoming more worthless every minute and here are the links to prove it:

World’s financial community gives two fingers to the U.S.

U.S. Heading For Financial Trouble? (CBS News)

Russia wants payments in rubles, Venezuela and Iran insist on euros.

When China stops taking our IOUs

Our Economy is on an Artificial Life-support System

Consumers are struggling Analysis: Signs of household stress are all around

Rate Rise Pushes Housing, Economy to `Blood Bath'

Dollar under continuing pressure

GALLUP: 7 in 10 Americans Say Economy Is 'Getting Worse'

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  1. Blogger David Wozney | 8:33 PM |  

    A “Federal Reserve Note” is not a U.S.A. dollar. In 1973, Public Law 93-110 defined the U.S.A. dollar as consisting of 1/42.2222 fine troy ounces of gold.

  2. Blogger Dubled | 9:58 PM |  

    You are correct. I will change the headline to:

    U.S. paper currency is becoming worthless, Time to buy gold.

    It is true that we have nothing but paper in our wallets and purses. Try to exchange that dollar for gold from the federal reserve and you will be laughed at and then thrown out on the street.


    Thanks,

    Derek

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