Dollar Collapse Imminent?

[DJ Logic]

About 7 years ago a friend of mine highly recommended an investment research firm to help with my portfolio. I was very happy with their service overall, but what really impressed me was how accurately they predicted the great crash of 2008.

Shortly afterwards they predicted a recovery period, followed by another crash that would make the last one look like a sunday picnic. I just got an email alert from them talking about new legislation (H.R.2847) that is being passed on July 1 of this year which will greatly accelerate the process, making our dollars essentially worthless and causing widespread pandemonium. I want to believe that this is hyperbole, but given their track record I cannot avoid my concerns.

I know quite a few of you have your eyes on the market and maintain your own portfolios. I'm curious what your take is on this. Watch the video (yes I know it's a thinly veiled pitch, but their facts seem to check out so far)

http://pro.stansberryresearch.com/1404EOAJULY1/PPSIQ530/?h=true

Either way I want to make moves - best to be prepared for the worst I always say.

PS - yes I snopes'd it. They don't discount the possibilty http://www.snopes.com/politics/conspiracy/hr2847.asp

 

[usernamedox11]

No.

I've heard of that stansberry bull****. They advertise on conspiracy radio and use fear to gain clients. I've randomly seen their ads predicting the dollar collapse around for the last 2 or 3 years.

 

[DJ Logic]

Thanks for the tip. I do not listen to those sort of programs so I have never been exposed to this form of marketing from them. This is the first time they send me any sort of warning directly via email so, either (a) something really is about to go down, or (b) they are not meeting their projected earnings and are getting more spammy. Hmmmmm....

 

[backseatjuan]

Weeeeeeeeeeeeeeeeeeeelllllllllll, after Crimea BS we had both dollar and euro go up, but now they both are going down. I don't think the dullar will collapse, I think it's just market play.

 

[Bible_Belt]

The US markets are the most efficient in the world. By the time you or I read a published news story, the effect of the news has already been priced into the market.

If anyone knew the market was going to plummet on a specific day, they would just load up on put options and make a gazillion dollars, instead of peddling a newsletter. That happened on September 11th, 2001. The Feds tried to find out who placed the trades but they never did.

 

[AAAgent]

http://en.wikipedia.org/wiki/The_Next_100_Years
George Friedman's book does a good job describing what is going on in the world and he's predicting Russia's consolidation in Eastern Europe, which probably isn't too surprising.

I work in foreign exchange and the US dollar is still the most predominant currency in the world with no other currency looking to out take it in the near future. The dollar has been resilient and strong recently as well in the last few weeks compared against the EUR and GBP.

 

[bukowski_merit]

They've been selling books (and products) on this topic for decades. Always a collapse about to happen in a few months/years....

I read a lot of copywriting books, and they have swipe files for what they consider great ads in a lot of them. TONS of them are about the imminant collapse of the dollar. Ads from the 40's, 50's, 60's, 70's..... You get the pictures...

http://www.infomarketingblog.com/images/currency_collapse.jpg

All selling the same fear.

And these ads are high grossing because they target wealthy people... And wealthy people have money...
They want to protect....
And spend on information to help them protect that money.



With that said - someday (i'm pretty sure) it will happen... And one of these ads will end up being right.

 

[Fatal Jay]

http://en.wikipedia.org/wiki/The_Next_100_Years
George Friedman's book does a good job describing what is going on in the world and he's predicting Russia's consolidation in Eastern Europe, which probably isn't too surprising.

I work in foreign exchange and the US dollar is still the most predominant currency in the world with no other currency looking to out take it in the near future. The dollar has been resilient and strong recently as well in the last few weeks compared against the EUR and GBP.

The dollar won't be for too long, the dollar is backed by nothing, by time continuing pumping out the dollar, its going to end so bad, that it will be hard for America to recovery for many of years

The elite wants a one world currency for everyone to use.


You have to back your money up with gold or oil or something that's worth more then the paper its printed on. That's what makes the currency go up in value.

The dollar hasn't been back by anything in years, china is starting to back their yen up by gold, why you think china have been buying up gold like crazy.

 

[VikingKing]

The dollar won't be for too long, the dollar is backed by nothing, by time continuing pumping out the dollar, its going to end so bad, that it will be hard for America to recovery for many of years

The elite wants a one world currency for everyone to use.


You have to back your money up with gold or oil or something that's worth more then the paper its printed on. That's what makes the currency go up in value.

The dollar hasn't been back by anything in years, china is starting to back their yuan up by gold, why you think china have been buying up gold like crazy.

pronounced yin

 

[taiyuu_otoko]

Well, no reserve currency lasts forever. The dollars about the fifth or sixth since the 1300's so it's bound to switch to something else.

But considering that the U.S. has military all over the world, it's not going to go quietly.

Sure, China and Russia are making non-dollar deals, and the percentage of global transactions NOT in dollars has been drifting up in recent years, but I honestly believe that standing between NOW and world WITHOUT the dollar as the reserve currency is a global war of epic proportions.

The U.S. Empire only runs on dollars. The dollar is synonymous with the Empire. The Oil that fuels the Empire is bought with printed dollars.

You can be certain that the massive MILITARY INDUSTRIAL COMPLEX that is wholly dependent on the dollar being the global reserve currency will NOT go quietly.

So any kind of investment scheme that intends to profit from a collapsing dollar must also have a built in "survive a catastrophic WWIII" element built into it.

As an aside, I find it kind of funny that all these "the world's gonna end soon, better buy gold and keep it out of reach of the U.S. government crowd" usually overlooks one thing:

If you DID get some kind of massive, non-dollar wealth, and you DID manage to hide it out of reach of the U.S. government, how in the heck would you GET TO IT after the dollar collapsed?

 

[VikingKing]

Wouldn't the world be crippled at least for a while if the dollar crashed. Think about it, the U.S. is the base for the world economy. A lot of countries have flourished because of the dollar.

But taiyu is very correct. The U.S. military is extremely powerful, well maintained (unlike china or russia), and has a lot of resources to fuel a war without bringing a lot of hardship on their citizens (unlike russia and china). Plus we probably have a lot of nukes, and other weapons of mass destruction that no one has ever heard about, and probably won't hear about.

 

[usernamedox11]

The dollar won't be for too long, the dollar is backed by nothing, by time continuing pumping out the dollar, its going to end so bad, that it will be hard for America to recovery for many of years

The elite wants a one world currency for everyone to use.


You have to back your money up with gold or oil or something that's worth more then the paper its printed on. That's what makes the currency go up in value.

The dollar hasn't been back by anything in years, china is starting to back their yen up by gold, why you think china have been buying up gold like crazy.

While I am in no way an economist, I've talked about gold backed currencies with people who are economists. From what I understand, a fiat currency is not as bad as you think. Much of the "we must have a gold backed dollar" proponents are conspiracy theorists with no real knowledge of economics or money.

 

[( . )( . )]

Some good info here from Stefan Molyneux. He's red pill too which is as rare as hens teeth.http://www.youtube.com/watch?v=bYkl3XlEneA&list=PLMNj_r5bccUzol670CnRnAp-a6rpd3Dym

 

[VikingKing]

Some good info here from Stefan Molyneux. He's red pill too which is as rare as hens teeth.http://www.youtube.com/watch?v=bYkl3XlEneA&list=PLMNj_r5bccUzol670CnRnAp-a6rpd3Dym

Who is this guy. I just heard of him.

 

[( . )( . )]

Who is this guy. I just heard of him.

I think he's English but living in Canada. I first heard of him through a Joe Rogan interview, I remember thinking this guys pretty knowledgeable. So I looked him up and was surprised he has a huge YT channel with all kinds of stuff.

 

[VikingKing]

I think he's English but living in Canada. I first heard of him through a Joe Rogan interview, I remember thinking this guys pretty knowledgeable. So I looked him up and was surprised he has a huge YT channel with all kinds of stuff.

I see. Well what do you think will happen to the rest of the world if the dollar collapses?

The only way that would happen is if the rich slowly transfer their money into a new economy. This would have to be gradual. If anything like this is done to quickly, its like throwing a wrench in the gears of the machine which they are using right now.

Plus, I would think this is the best place to keep their money at this point in time.

I think they do print more dollars, which inflates the dollar, but in time the dollar will regain the value it once had, but now there is more dollars.

I mean a rescission is a normal natural thing, it keeps balance.

 

[Mr.Positive]

Well, no reserve currency lasts forever. The dollars about the fifth or sixth since the 1300's so it's bound to switch to something else.

No fiat currency lasts forever.

Over human history, 1000's of fiat currencies have existed. They have all failed over time. Not one was a success. The average lifespan of a fiat currency is 80 years. The dollar is a fiat currency, and just over 80 years old, since taken off the gold standard in 1933.

Currencies are like people, they grow old and die. That's how the system is designed. Wash, rinse, repeat.

Personally I think the dollar will collapse sooner rather than later. I'm thinking within the next 10 years, we'll see a major currency crisis. Just my thoughts.

 

[usernamedox11]

Some good info here from Stefan Molyneux. He's red pill too which is as rare as hens teeth.http://www.youtube.com/watch?v=bYkl3XlEneA&list=PLMNj_r5bccUzol670CnRnAp-a6rpd3Dym

He's in no way an economist. He's just a libertarian, expressing a libertarian viewpoint. Not to say he is wrong, but I wouldn't bet on what he is saying.

 

[Fatal Jay]

While I am in no way an economist, I've talked about gold backed currencies with people who are economists. From what I understand, a fiat currency is not as bad as you think. Much of the "we must have a gold backed dollar" proponents are conspiracy theorists with no real knowledge of economics or money.

Anybody who knows the history of paper currency, would know that the paper was just a note for the gold or other things of value.

The papers means nothing at all, so how would these people not know economics?

Let me show you how it works in the most simple of terms.


A man has a bag full of gold, he doesn't want to carry the gold any more, so he gives it to a bank. The bank promise him that if the person leave the bag of gold at his bank, he will give him interest on his gold.

And instead of the gold, he gives the man a paper currency or an "I owe you" paper note in trade, and whoever merchant you go to they know that "I owe you" paper note is worth something so they take it or trade it for any product you want. The merchant knows that paper note means you have gold, it has value.

The man paper note or currency is made by the bank which promises the man we will keep your gold, use your gold for our benefit, and if one day you want your gold back you will have to wait until we give you a certain amount of time until we made our money with it.


If the bank ever runs out of gold, your "I owe you" paper note that you are using, means nothing


class dismissed.

 

[taiyuu_otoko]

Currencies are like people, they grow old and die. That's how the system is designed. Wash, rinse, repeat.

And HOW they die is crucial. In order for currency (fiat or not) to die, something's got to take it's place.

For a currency to just die on it's own, without a replacement, that would mean a total breakdown in the economy. Meaning stop trading with currency, and revert to barter. Or trading any kind of metal (family silver, etc) for goods.

All the hyperinflations of the recent past (when currencies die) happened with the Dollar (or some other currency) as the backdrop.

Right now, there IS a big push to kill the dollar, and replace with SDR's, which are another fiat, but they'll be a global fiat, much bigger than the dollar.

They're backed by the IMF, who along with the UN are gunning for a world government with a world currency.

It's a very LONG CON, and it plays out like this:

The IMF / UN pays developing countries tons of dollars, which they get from developed countries (U.S., Japan, etc). Then the debt just swirls around in circles and gets used over and over to back even more loans.

The end game is when all the developed countries (U.S., Japan, etc) have pretty much run their course, and there is a HUGE global economic crash (of epic proportions) and then the IMF steps with the new currency (SDR) to "fix" everything.

Not unlike how FDR made owning gold illegal, pretty much forcing EVERYBODY to put their savings in treasury bills.

At the same time, there's a push by Russia and China to come up with some kind of commodity backed currency (not necessarily gold). For example, a lot of Chinese debt is backed by coal and soybeans.

Whether or not the IMF will be successful or not is still up in the air, as I'm pretty sure the U.S. and its HUGE military reach won't willing give up it's easy money empire, being able pay it's soldiers and build it's weapons with printed dollars.

Bottom line is the global economy is a big complicated clusterfvck, with everybody "expecting" the dollar to collapse eventually, and everybody trying to come out on top once it does.

People in super poor parts of the states get their foodstamps, trade them for cases of soda, and then use soda as money to buy meth.

That might be a similar endgame for everybody eventually.