So lately, I keep coming across investment advisement services talking about inflation of the dollar. Here's a great example (this is not an endorsement of Stansberry or of investing in commodities in general - please do your own research and invest responsibly).
www.youtube.com/watch?v=nI-BIVWlc7A*
We know that there was a lot of bad debt out there (Bank Bailouts, General Motors, Fannie and Freddie Mortgages, etc...) and we know the government is spending insane amounts of money on policing the middle east, and (until just recently) on a domestic spending agenda that was previously unprecedented.
We also know they aren't raising taxes proportionally to their spending. In about 3 months, they plan to again raise the debt ceiling and print more money...
Bankruptcy - Shocking admission from Tim Geithner:<br />U.S. on the brink of catastrophic collapse
http://www.shtfplan.com/headline-new...apse_01062011*
Anyways, I just wanted to start a discussion on this topic.
Every time the government prints money, the money you have is worth less and less. Eventually it will be worth nothing. In a way this is another tax. So you get taxed when you earn it, and taxed when you spend it AND you are taxed when they print more of it.
Most Americans don't even realize this is happening and I just wanted to see opinions about how sustainable people think this big government spending addiction is, if you've considered diversifying your investments in gold (or silver or other commodities) and just generally if you've ever thought about a world where the US Dollar wasn't the "top dog" currency and of indisputable value.
* Sorry it won't let me post links, add the www prefix to these.