Skeptic Project

Matt Savinar's Peak Oil website just relinked this article:

401(k) as Dangerous as the Dollar

http://whiskeyandgunpowder.com/401k-as-dangerous-as-the-dollar/</p>

But notice the date: June 26, 2009.

Yet another example of alarmist predictions, probably based on Austrian crankonomics and the CT mentality. Apparently some people refuse to accept the possibility that our banking regulators might have a handle on the financial crisis, at least enough of a handle to keep the mythical "dollar collapse" from happening.

BTW, what would happen to the value of gold if the government announced that it will no longer investigate and prosecute thefts of anything made of gold?

@atheist,

Believe me, extremists on the left infuriate me even more than the ones on the right do. Mostly because they make me look bad.

But, I am not sure that the analogy works that well. Climate change fanatics I don't think have any desire to see their apocalyptic visions come to pass. The motives are so different.

@ scitops:

I hadn't thought of the insurance aspect. My scenario would probably make it a lot harder, if not impossible, to buy insurance for gold. A lot of the value of property depends on the existence of a state willing to prosecute and punish people who damage or steal it.