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02-05-2009, 05:21 AM | #1 (permalink) |
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In GOD We Trust Sinks Dollar
a quote in Vanity fair
"The motto “In God we trust” was added to the dollar bill in 1957. Since then its purchasing power, relative to the consumer price index, has declined by a staggering 87 percent." Wall Street Lays Another Egg | vanityfair.com |
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Keith and The Girl is a free comedy talk show and podcast
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Click here to get Keith and The Girl free on iTunes.
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02-05-2009, 08:00 AM | #5 (permalink) |
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Of course, our entire monetary system is based on trust. You either believe that non-gold backed piece of paper has value, or you don't. I do have some Confederate Dollars on hand, perhaps you believe those have value as well? Personally, I prefer payment in precious metals, stones or ammo. But that's me.
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02-05-2009, 08:04 AM | #6 (permalink) | |
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02-05-2009, 08:10 AM | #7 (permalink) |
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I think it's a bit of a stretch to blame the decline of our dollar on the words printed on it. That's like if I wore a shirt with a Jesus on it, acted a fool, and blamed it on the shirt when people didn't like me. It smacks of logical fallacy.
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02-05-2009, 08:19 AM | #9 (permalink) | ||
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