From the Feb. 22 Numismatic News E-Newsletter:
Do you believe in the strength of the U.S. dollar?
Here are some answers sent in from our e-newsletter readers.
I must admit a $22,000,000,000,000.00 is sorely testing my faith in our dollar. But I do believe Fort Knox is an asset in gold coins with many numismatic items they could possibly sell.
With an average of a trillion dollars being added to this nation’s debt each of the last two years, one doesn’t expect our money to hold strong. Paper currency is a joke. Precious metal coins are a better bet.
When big businesses got the tax breaks, they did not reinvest it into expansion or give much to its workers; instead, they bought back shares of their own companies. The tax loss to the Fed is crushing the reserves. A scary future is all we can expect. There is no sign on the desk anymore that reads, “the buck stops here,” because it ain’t stoppin’ any time soon. Hold on tight to your collections!
What strength? The dollar is only worth a few pennies compared to U.S. dollars of only a few decades ago. With U.S. debt scheduled to momentarily exceed 22 trillion dollars, the entire world knows the dollar has no value. The bankrupt and corrupt federal government is the only thing backing the dollar, and that should scare everyone.
Yes, I do believe in the U.S. dollar.
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