{"id":12343,"date":"2009-10-06T18:02:25","date_gmt":"2009-10-06T18:02:25","guid":{"rendered":"https:\/\/maverickphilosopher.blog\/index.php\/2009\/10\/06\/the-demise-of-the-dollar\/"},"modified":"2009-10-06T18:02:25","modified_gmt":"2009-10-06T18:02:25","slug":"the-demise-of-the-dollar","status":"publish","type":"post","link":"https:\/\/maverickphilosopher.blog\/index.php\/2009\/10\/06\/the-demise-of-the-dollar\/","title":{"rendered":"The Demise of the Dollar"},"content":{"rendered":"<p style=\"TEXT-ALIGN: justify\"><font face=\"Georgia\">An <\/font><a href=\"http:\/\/www.independent.co.uk\/news\/business\/news\/the-demise-of-the-dollar-1798175.html\"><font face=\"Georgia\">important article<\/font><\/a><font face=\"Georgia\"> by Robert Fisk in the <em>The Independent.<\/em>&#0160; (HT: Seldom Seen Slim)<\/font><\/p>\n<p style=\"TEXT-ALIGN: justify\"><font face=\"Georgia\"><a href=\"http:\/\/maverickphilosopher.powerblogs.com\/posts\/1179704624.shtml\">Frugal bastards like me<\/a>, who live according to the old virtues, play by the rules, are totally debt-free, save and invest, exercise &#39;due diligence&#39; across the board &#8212; we are now going to get the shaft through no fault of our own.&#0160; What&#39;s a poor philosopher to do as his stash of cash threatens to transmogrify into a&#0160;pile of trash?&#0160; Three simple suggestions:<\/font><\/p>\n<p style=\"TEXT-ALIGN: justify\"><font face=\"Georgia\">1. Buy gold and other precious metals.&#0160; But gold is at <\/font><a href=\"http:\/\/news.yahoo.com\/s\/afp\/20091006\/ts_afp\/commoditiesgoldmetalsprice_20091006144514\"><font face=\"Georgia\">an all-time high<\/font><\/a><font face=\"Georgia\"> of $1038.65 a troy ounce, and you know what they say about buying high.&#0160; Gold is extremely volatile and has no intrinsic value.&#0160; Nor does it have any growth potential like stocks.&#0160;&#0160;Because the world&#39;s gold supply increases very slowly, its exchange value is mainly driven by demand.&#0160; But the demand is perception-driven, so be careful.&#0160; Still, gold is and always has been the money of last resort, money for when the crap hits the fan, and thereafter.<\/font><\/p>\n<p style=\"TEXT-ALIGN: justify\"><font face=\"Georgia\">2. Stockpile nonperishable goods, including those you don&#39;t use yourself.&#0160; What you don&#39;t need or want can be used later on for barter.&#0160; While prices are low and the dollar still has purchasing power, lay in a supply of clothes and footwear, tools, mountain bikes and musical instruments, wine and liquor, canned food and dry staples such as rice and beans, guns and ammunition, and so on.<\/font><\/p>\n<p style=\"TEXT-ALIGN: justify\"><font face=\"Georgia\">3. Make repairs and improvements on your domicile.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An important article by Robert Fisk in the The Independent.&#0160; (HT: Seldom Seen Slim) Frugal bastards like me, who live according to the old virtues, play by the rules, are totally debt-free, save and invest, exercise &#39;due diligence&#39; across the board &#8212; we are now going to get the shaft through no fault of our &hellip; <a href=\"https:\/\/maverickphilosopher.blog\/index.php\/2009\/10\/06\/the-demise-of-the-dollar\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Demise of the Dollar&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[216],"tags":[],"class_list":["post-12343","post","type-post","status-publish","format-standard","hentry","category-money-matters"],"_links":{"self":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts\/12343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/comments?post=12343"}],"version-history":[{"count":0,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts\/12343\/revisions"}],"wp:attachment":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/media?parent=12343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/categories?post=12343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/tags?post=12343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}