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The collapse of the US dollar

Discussion in 'Business, Investment and Economics' started by Fangblade1, Apr 11, 2014.

  1. Fangblade1

    Fangblade1

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    One thing history can tell us is that currency's never stay on the top, Fiat money is fake money therefore it'll always change. When the dollar does collapse those nice looking couple or that nice young man will surely be on a rampage for some blood. America is printing 85 billion a month.. with a 17.5 trillion debt hanging on. I believe I watched a video where the reporter asked Obama how he would get out of this mess and he responded by saying "We will kill the dollar" I watch how people talk about investing 20-30 year's but I believe in the next 3-4 year's we will see a collapse in the dollar that will make the 2008 problem a joke. We all know debt = money no debt = no money.. this is something that was created by the bank it's just a big scam, that is allowed.

    Let's look at history again, in fact let's look as far as 7000 year's.. what do we see? Gold and silver.. People think im gone nut's when it comes to gold and silver and most think it's a joke.. a very small market for these metal's indeed.
    However.. look at the fact's.. look what's happening now.. India owns 43% of all silver, china has bought more than 500 tonnes of gold this year and last year.. If gold is so useless why do banks hoard it? why does america have 8000 tonnes of gold? because gold is a currency a currency that has always held it's ground, something a man cannot simply take away from you.. you hold it, you own it. Silver.. is even better it is used for industrial reasons, that band aid you put on your finger has silver, glass, socks, clothing, everything and anything has silver and that is why we are not hoarding silver but 'consuming' it consuming it to the point where the demand is higher than the actual production.
     
  2. Clifton

    Clifton

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    When the dollar collapses buy baked beans and a shot gun.:xyxthumbs
     
  3. MARKETWINNER

    MARKETWINNER

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    I don’t think it will collapse. Where can we find permanent reserve currency instead of USD? There are more problems in other countries. Their debt levels also too high. I think USD will go up against CAD, NZD and AUD sooner than later. Now markets are weak and some money will flow back to USD. Currencies such as CAD, NZD and AUD extremely overvalued now. They are ready for bigger down fall.

    My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research.
     
  4. howardbandy

    howardbandy

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    And whisky. Canned beans and pints of whisky will become the new media of exchange.

    Gold is good for a hedge against dollar decline, but only if there will be a money-changer who will buy it at near full value for whatever the then-current currency is. It will not be possible to pay for groceries with anything much larger than a 0.5 g Koala.

    The shotgun is a good idea. But the threat is a pickup truck in the middle of the night with four guys with their shotguns.

    We should all hope for a multi-year decline (which is already underway) rather than a collapse. Collapse will bring riots. Not that anyone will do well in riots, but Americans will do particularly poorly.

    Best,
    Howard
     
  5. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    AS always, great to see you Howard!

    Great idea with the whiskey too!
     
  6. icemanmelb

    icemanmelb

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    US Dollar is Fiat Currency????!!!! Backup up only by an emotional feeling such as Trust???!!!! Well, how about BitCoin then? Is that a better currency to invest in than the US Dollar?

    I remembered when CBD Melbourne gave the green light to have Strip Clubs, quite a number of venues were offering to exchange for Aussie Dollars for Stripper Cash!!!! They still do today but I think the venues change their Currencies every 6 months and made the OLD ones redundant. So anyone with last years Stripper Cash are out of pocket.

    I love to read articles promoting Virtual currencies and putting a negative spin on another countries currency. Makes the story more believable.
     
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