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The Dollar Will Survive vs The Dollar Will Face its Demise

The Dollar Will Survive

Rivalry Side A | Business | Economy

The Dollar Will Face its Demise

Rivalry Side B | Business | Economy

Looking ahead a couple of years, will the governments spending destroy the US dollar?

0

Posted by in Business / Economy on 5/20/09
Debate Leaders
  1. manonfire (2 votes)

Side A fans: (3)

Neutral Fans: (0)


Side B Comment

mama kaz - 6/7/09 @ 11:01 PM:
0
I believe international currency has been the plan all along. Unfortunately I think it's too late to change the course of this anyway. It's a done deal.

Side B Comment

manonfire - 6/6/09 @ 4:51 PM:
2
The Constitution specifically states that Congress shall print/coin money based on the gold or silver standard. Instead, they turned that over to a private institution (Federal Reserve Bank) which is backed by nothing.

So yeah, when the value of the dollar drops to nothing, and nothing backs it, the run of the almighty US dollar is going to come to a complete halt and turn the US into a seriously failed nation.