This is only a Preview!

You must Publish this diary to make this visible to the public,
or click 'Edit Diary' to make further changes first.

Posting a Diary Entry

Daily Kos welcomes blog articles from readers, known as diaries. The Intro section to a diary should be about three paragraphs long, and is required. The body section is optional, as is the poll, which can have 1 to 15 choices. Descriptive tags are also required to help others find your diary by subject; please don't use "cute" tags.

When you're ready, scroll down below the tags and click Save & Preview. You can edit your diary after it's published by clicking Edit Diary. Polls cannot be edited once they are published.

If this is your first time creating a Diary since the Ajax upgrade, before you enter any text below, please press Ctrl-F5 and then hold down the Shift Key and press your browser's Reload button to refresh its cache with the new script files.


  1. One diary daily maximum.
  2. Substantive diaries only. If you don't have at least three solid, original paragraphs, you should probably post a comment in an Open Thread.
  3. No repetitive diaries. Take a moment to ensure your topic hasn't been blogged (you can search for Stories and Diaries that already cover this topic), though fresh original analysis is always welcome.
  4. Use the "Body" textbox if your diary entry is longer than three paragraphs.
  5. Any images in your posts must be hosted by an approved image hosting service (one of: imageshack.us, photobucket.com, flickr.com, smugmug.com, allyoucanupload.com, picturetrail.com, mac.com, webshots.com, editgrid.com).
  6. Copying and pasting entire copyrighted works is prohibited. If you do quote something, keep it brief, always provide a link to the original source, and use the <blockquote> tags to clearly identify the quoted material. Violating this rule is grounds for immediate banning.
  7. Be civil. Do not "call out" other users by name in diary titles. Do not use profanity in diary titles. Don't write diaries whose main purpose is to deliberately inflame.
For the complete list of DailyKos diary guidelines, please click here.

Please begin with an informative title:

Mark Twain said that while history may not repeat itself,  it sure does rhyme. If you look back in history the Roman Empire was able to print money (actually coins) at levels that should have been ruinous for many decades. Today, the USA is able create money out of thin air in seemingly unlimited amounts without hyper-inflation. How is this possible?

No amount of esoteric economic calculation will give you the answer.  The answer is amazingly simple.  When you live in a corrupt unstable country, where you can’t trust your leaders, you don’t have the rule of law, and few if any institutions are stable; you look for something stable to own. In Roman times it was Roman coinage. Today it is the US dollar. If your wealth is denominated in US dollars you feel safe and secure. The dollar is a product just like any other product. It has an intrinsic emotional value in addition to its physical value (i.e. Rolls Royce vs. Chevy). As the world becomes less stable, the demand for the security of owning US dollars grows. This increased demand for the dollar is how we are able to produce more dollars. Don’t look at it as just a currency; it is a symbol of stability that people around the world crave. It is also a way to own a part of the land of opportunity. For proof of this demand, look at how many people are willing to risk their life crossing a drug lord invested desert to get in.


You must enter an Intro for your Diary Entry between 300 and 1150 characters long (that's approximately 50-175 words without any html or formatting markup).

Extended (Optional)


Your Email has been sent.