Sixpence None the Wiser

by Phil Maymin

What is life going to be like when we stop using dollars? Will we revert to bartering? Will we adopt euros or yen? Will we hoard gold? Or will we just roll wheelbarrows full of American currency to exchange for something more valuable – like toilet paper?

The trillions of our dollars that the government is spending on bailouts (or "stimulus" plans) will eventually result in the collapse of what had once been one of the strongest currencies of all time. Thanks to them, we are now in a state of permanent debt. They've sold us out, and not even to the highest bidder. They've sold us out to any bidder.

Whoever holds government debt owns a piece of your current wealth and your future income. They will tax us for all of eternity to pay interest to foreign countries. In time, the dollar will be worthless, and then what will they demand from us to pay the debt they put on our heads?

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February 20, 2009

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