That niche market is controlled by the Goldbergs, Goldmanns and Goldsteins if you know what I mean. You don't just get in the Gold business just like that. :ugone2far:
US dollar to lose its reserve currency standings? Are you dumping the dollar?
- Thread starter p0ck3taces
- Start date
That niche market is controlled by the Goldbergs, Goldmanns and Goldsteins if you know what I mean. You don't just get in the Gold business just like that. :ugone2far:
Yes, I don't see the US losing its role as the super power, but that doesn't mean the USD won't become worthless. Just look at the great depression. The dollar went to shit, we went to war, still super power afterwards. Even though the US came out as the super power still, the dollar did become worthless for awhile.
It also seems to me that the feds (or whoever you want to think is making the decisions) are heading the dollar into the crapper on purpose. I doubt "the powers that be" don't understand where all this over spending is taking us.
Dollar becomes worthless, we default on all the debt we owe so our slates our wiped clean, and as the US and much of the world goes into a depression a new global currency is born in an effort to stabilize things.
Sure the US would be in a nasty depression for awhile, but who feels the hardships of a depression? The general population and certainly not the elites. If anything "the powers that be" come out richer as they understand what happens during depressions and put their money into gold, silver and other commodities. They come out richer with and even wider gap between the rich and the poor, completely wiping out the middle class. Plus, with a new global currency born, they can now look to doing the same with the global currency as they had done with the USD.
Sure that's a bit pie in the sky, gloom and doom conspiracy talk, but I am just explaining that the dollar can become worthless without the US losing its role as the super power and it would actually make the top 1% even more powerful.
I think most of you guys would do well investing in Tin.
To build your friggin hats out of.
The dollar has been magically floated for more than a couple of decades now. What evidence is there to show that it will collapse in the teens? Or even twenties?
What is far more likely is that China will keep pounding away at us like it has for the last couple of years and by 2020 the Yuan will finally be the #1 currency out of sheer size alone.
To build your friggin hats out of.
The dollar has been magically floated for more than a couple of decades now. What evidence is there to show that it will collapse in the teens? Or even twenties?
What is far more likely is that China will keep pounding away at us like it has for the last couple of years and by 2020 the Yuan will finally be the #1 currency out of sheer size alone.
Anyone else think Lukep is the most annoying newcomer in awhile? You're trying so hard to fit in...
WTF kind of post is this? Lukep "Bro, like we been running wild coyote style for awhile, like all we have to do is not look down."
[ame="http://www.youtube.com/watch?v=_d8ROhH3_vs"]YouTube - Coyote Fall[/ame]
And do you even know what you're trying to say? First you say it's BS tin hat doom and gloom non-sense and then you go to claim the Yuan will be the number 1 currency in 9 years. Do you understand that if any other currency becomes the global currency, the dollar dies. Which is what this thread is talking about... "Are you preparing for the death of the dollar?" In effect you said "No brah, we don't need to worry about it, the dollar's not going to be worthless for at least like 9 more years." I think that's probably soon enough to start buying commodities and dumping the dollar. Or at least soon enough to think about it.
Plus the US just sits around and watches it happen without doing a thing? Not to mention that would also mean we decide not to use our military and just fully collapse in nine years with nothing to show for it?
If the dollar were to become worthless soon, China would take a huge hit losing out on their large investment in us (they are already dropping the dollar as fast as they can while not unloading it too fast so it crashes). This would likely be all that's needed to prick their housing and credit bubbles sending them into a huge downturn.
Slow eventual death to see the yuan (or more likely a mixed bag of currencies) become globally accepted or quick death sending the world into a depression and making a need for a new global currency while wiping our debts clean. Hmmm which will it be?
Or maybe we can just keep running wild coyote style forever, just don't look down.
Screw you. Keep this shit off the boards... ok?
China is the enemy. They've manipulated world currencies and undercut the west's manufacturing base. DO NOT FORGET China is a Communist Dictatorship.
I much prefer the system of freedom regardless of its flaws.
Give me liberty or..... you know the rest.
Screw your religious stereotyping.
1. Big words for someone with all of 43 posts...
2. In fact, Hellblazer, is that you? If not you've directly plagiarized him.
The argument you have made above doesn't move me. Your reason for the dollar falling isn't the reason I believe will get us.
[ame="http://www.youtube.com/watch?v=_d8ROhH3_vs"][/ame]
Yes, I do. I admit I could have presented it better, I was pretty sleepy when I wrote that. But the gist of it is that we are walking on air like the Coyote just fine and could probably keep that up for 100 years or more if nothing really major happens externally.
My real point is that China is something major that will happen externally.
Dude, what the hell are you implying here: we would just say "I owe you too much money, here, have a mushroom cloud as a down payment?"
Even Hitler was far kinder and a better team player than that!
Somebody had better tell Beijing that then, so they can stop making the Dollar worthless...
Not forever, just long enough to learn how to fight back. -Right now we are already losing the financial war so badly that it will be laughed about for millennia by the future 1st world nations.
You waffled again between we are totally fine and the dollar is fucked. Again, are you trying to say something? Or just filling up a post?
This is a thread about whether or not the dollar is going to become worthless. Stop saying we have nothing to worry about and then two sentences later saying China is going to fuck us over in the near future...
Beijing knows it, which is why they are so pissed of at us for devaluing our dollar so much with all the money printing we are doing. They are getting rid of the dollar as fast as they can without making it crash. If they really wanted to make the dollar worthless, they would drop it all at once. But they won't, they know that would be slitting their own necks.
I am not saying we are looking at just napalming them to get out of debt. I am saying if our dollar becomes worthless, then we will default on our debts.
And yes I agree with Hellblazer each time he calls you an idiot, some of the few times I agree with him... Notice I have been here much longer then you, I just don't go posting random non-sense on every thread I see. I am a lurker mostly, I know it, but right now I am interested in a discussion on whether or not WF'ers are wondering/preparing for a dollar collapse. It affects all of us who do business online. You are obviously not going to add anything insightful, so please move along to a boobs thread.
I thought I was disagreeing with your reasoning, not having read all of your sources. I guess you did point to some Chinese reasoning as well, so sorry for the disagreement.
For the record; I never said that we're "Totally fine" - I said our loony toons trick of walking off a cliff works... It has for decades and only someone with a tin foil hat thinks it all has to come crashing down right now.
This says nothing about the Chinese situation, that I'm scared shitless of.
That's my stance and I'm sticking to it.
Back to that point; I'm not ashamed to report that have precious metals stocked at my other home in Thailand. That stockpile will be growing in the near future, at a rate that roughly coincides with the rate at which China keep stepping up to the forefront.
I guess not everyone can have good taste.
China's economy is primarily a manufacturing one. This economy needs consumers to buy their manufactured goods. The two biggest consumers of Chinese goods are America and Europe. If either America or Europe fell into a depression, the Chinese would be directly affected on a large scale.
We outsourced our manufacturing to China because a service economy generally translates into higher wages and a higher standard of living.
We need the Chinese and the Chinese need us just as much. We all need to stop being paranoid of the unknown and embrace the fact that we live in an era with a TON of opportunity.
We outsourced our manufacturing to China because a service economy generally translates into higher wages and a higher standard of living.
We need the Chinese and the Chinese need us just as much. We all need to stop being paranoid of the unknown and embrace the fact that we live in an era with a TON of opportunity.
China is buying up Europe just now (see protugal's new sugar daddy and UK oil infastucture)
both these nuggets of info graced the FT this morning.
US bonds are about to crash and silver/gold explode.
I do not have to explain the outcome. Okay i will, war. Did you know that it was China firing that missile last year off the coast of LA. No didn't think so lol!
Buy Gold
edit: don't believe me? Edinburgh just got two new pandas as a gift - see beyond the curtain of the FED.
both these nuggets of info graced the FT this morning.
US bonds are about to crash and silver/gold explode.
I do not have to explain the outcome. Okay i will, war. Did you know that it was China firing that missile last year off the coast of LA. No didn't think so lol!
Buy Gold
edit: don't believe me? Edinburgh just got two new pandas as a gift - see beyond the curtain of the FED.
China is buying up Europe's stock because if Europe crash's, China is going to feel it too.
Why do you think there will be war? I think both China and the U.S. are well aware that war is a bad idea for both countries, regardless of who "wins" the war.
There's your problem, right there. You assume the old china is still just a big sweatshop full of half-witted children.
When WalMart filled up with crap made by them you were right. Which decade was that in?
Since then China has put out 25 engineers for every single one we graduated. 25 to 1. They make the GOOD shit now, primarily.
Cases in point; They now have:
1. The World's fastest supercomputer.
2. The world's largest wind farm & wind turbine industry.
3. The world's largest Solar Array, Hydro Dam, and other green power sources....
4. The world's fastest trains, with plans to drive them from London to Singapore this decade.
5. And now it is speculated the world's most powerful stealth jet fighter, too.
They clearly aren't waiting for america to retake it's former glory; they've already stolen that and are moving ahead just fine without us.
Our 400M shoppers ain't SHIT comparred to their own 1.7Billion. Clearly they don't need us as much as you think.
It's not paranoid to see that they are superior and have won the "superpower race." -I disagree that they want a war, at least for now, but you're missing the real reason to fear China; because THEY will be your big brother, not Uncle Sam.