When will the dollar collapse?

[erivera571]

I think it's only a matter of time:

- Trillions of dollars of monopoly money being printed for bailouts (more paper in the system = more inflation)
- Not backed by gold anymore (severed in 1971)
- Has lost over 90% value/purchasing power since 1913

 

[speakeasy]

What currency hasn't lost nearly all it's value since 1913?

 

[piranha45]

haha good point... maybe gold?

 

[f283000]

If you believe conspiracy theorists (who have been right on these issues for the past couple of years) the new world order plans for the dollar to collapse before 2011.

2010 is being talked about as one of the worst years in history and the beginning of the end. A new 100% fatal man made virus being released next year along with the total destruction of the u.s economy is what we are being told to prepare for.

 

[Inquisitus]

That's why you don't talk to conspiracy theorists.

It's always baaaaaaaaad.

So if 2010 is the worst year in history, what about the end of world in 2012?

 

[Gaucho]

Being a conspiracy theorist is quite different to being a realist about the US economy or the global economy for that matter.

It's funny a man with the absolute integrity and brilliance of George Soros, gets questioned and flamed by a bunch of nobodies, for opinions and advice he is giving in order to SAVE the US economic meltdown.

The dollar is in big problems however. It's nearly at it's lowest point since the inception of the US dollar index, and with speculator flows out of the US, along with a budget deficit, a low real interest rate (due to an issue which is likely to become staglfation), the dollar has nowhere else to go, but down in the longer-term.

The US economy will not collapse (unlike the dollar) however, there will just have to be a period of negative growth and then a slow recovery, fuelled by a weak dollar and a point at which business will be stimulated to produce internally, as opposed importing, and in this fashion exports will rise and bring the budget deficit back into line. There also needs to be a re-flow of speculative capital back into the US from abroad, in order to keep investment and innovation on the up-move, but firstly, the prior all needs to happen to make it a positive risk/reward situation for international investors. There can be no dramatic new bull market as per all the other recessions seen. This is a lot closer situation to the great depression.

 

[Bible_Belt]

When will the dollar collapse?


When the US loses its AAA bond rating.

 

[speakeasy]

When will the dollar collapse?


When the US loses its AAA bond rating.

That's actually a good point. So maybe that will be harbinger of a collapse, when we lose our AAA rating. But who determines what that rating is and do we have the controlling influence on that?

 

[Alle_Gory]

When will the dollar collapse?


When the US loses its AAA bond rating.

With the massive debt and poor repayments I'm surprised the US still has a AAA rating.

 

[Upside]

I honestly at this point don't care about anything regarding the economy or international affairs. There is so much doom and gloom these days and all along human history. If the dollar falls what can I do about it? Nothing really so I don't worry about it. At least there are people out there to worry for me.

 

[f283000]

When the derivatives WMD explode & paper currencies are worthless, wiping out the middle class. We will see in the western world >50% of the population in poverty.

It will look something like this.

If you are smart get your money out of the bank, invest in gold/silver and start storing food. The ___ will hit the fan before 2011.

 

[Captain Harlock]

Stop whining, it's going to be all right. At least the EU will.

 

[f283000]

Stop whining, it's going to be all right. At least the EU will.

stop watching cnn and fox news!

U.S. debt 65 trillion

I need to correct myself. The situation in Argentina while horrible will be like kids school compared to what will happen to the U.S. Argentina doesn't have millions and millions of gun owners, diverse racial make up, concentration camps in remote locations waiting for rioters. All hell is going to break loose. Food riots, race wars, violence everywhere and this is just me BEING CONSERVATIVE.

Worlds #1 trend forecaster Gerald Celente predicts great depression/revolution/food riots in the USA by 2012
concentration camps already built in America in remote locations in anticipation for the coming collapse
500 thousand coffins in Georgia in anticipation for...
Alex Jones interviews Steve Quayle

 

[Captain Harlock]

I don't watch the news. It's full of crap. If the media didn't say anything about the crisis people wouldn't stop spending their money as they always did so they crisis wouldn't gain more momentum. Those youtube movies mean nothing.

 

[speakeasy]

I'm getting sick of the apocalypse talk. People have been preaching the end is nigh since time began. I'm frankly sick of hearing it.

 

[OzyBoy]

I'm getting sick of the apocalypse talk. People have been preaching the end is nigh since time began. I'm frankly sick of hearing it.

Me too. :flowers:

 

[Jon55]

I think it's only a matter of time:

- Trillions of dollars of monopoly money being printed for bailouts (more paper in the system = more inflation)
- Not backed by gold anymore (severed in 1971)
- Has lost over 90% value/purchasing power since 1913

The sky is falling!

Will the dollar deflate? Yes, it already has. But collapse? Sensationalist bullsh-t, that's all it is. You must sit on Digg.com all day, huh?

 

[f283000]

The sky is falling!

Will the dollar deflate? Yes, it already has. But collapse? Sensationalist bullsh-t, that's all it is. You must sit on Digg.com all day, huh?

Sorry but I rather listen to what the experts who actually know what they are talking about than some guys on the dj forums. We are heading for total collapse it's time to wake up and get ready, not keep staying asleep and denying it till it bites you in the a##.

Peter Schiff predicts collapse of the dollar within 10 years probably less (interview from 2006) (this guy has been warning people for years and now finally people are starting to wake up and listen.

Peter Schiff: DO NOT INVEST IN THIS COUNTRY (get out while you can before Zimbabwe inflation hits the U.S.)

Faber - Paper Money Will Become Worthless

U.S. Inflation to Approach Zimbabwe Level, Faber Says (Update2)

“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”

 

[fertileTurtle]

Let's keep borrowing money we don't have, monetizing it, and see how long it takes for inflation to kill the dollar. Oh wait, that's what Obama is doing now.

 

[fertileTurtle]

The sky is falling!

Will the dollar deflate? Yes, it already has. But collapse? Sensationalist bullsh-t, that's all it is. You must sit on Digg.com all day, huh?

Ok then explain the huge spike in gold prices over the last few years whenever the dollar is devalued. Gold is considered a prime hedge against inflation. The fed HAS EXPRESSED that the purpose of increasing the supply of US dollar is to cause prices to RISE. They are doing this on purpose.