Dollar Collapse Imminent?

[Fatal Jay]

They are forcing a worldwide currency, every country own currency is declining in some type of way.

In the future or near future, everyone from Americas to Europe to japan etc. will be using the exact same currency.

This is the plan from the elite and bankers.

The elite and bankers won't you to remain a slave, you are a slave because you are working for money with no value, they print the fake money and they keep making the real money.

That play money that kids play with is the same thing that you working hard for on your job.

 

[usernamedox11]

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.

I am not an economist, neither are you. I don't try to speak on subjects with any kind of authority unless I truly understand it.

Reading and watching YT videos of guys bsing about fiat currency and talking about how we need a gold standard back does not make someone an expert on this subject. If you investigate it further, you will discover it is much more nuanced.

I know all about the ideas you are talking about. I watched those youtube videos put out by many paleoconservatives and conspiracy theorists. Not that the two are tied, but it seems many conspiracy theorists are paleoconservatives or anarcho-capitalists. Many are also big supporters of Austrian economics, which isn't widely respected in academia . I used to believe these ideas when I was 16-18, until I went to college and figured out how to see through their BS.

I have a very basic understanding of currency and this is from me speaking to other economics and some of my own research. This is some what of what I understand about the gold standard.

Before going into what I understand, I want to make this clear. Gold only has value because we give it value. The same goes for a fiat currency. We give it value. Gold might have properties that make it valuable, but it has no intrinsic value.

The money supply needs to grow with the economy. For example, if the economy triples but the money supply stays the same, people would need to take a substantial pay cut. This leads to deflation. This is especially true if the population increases. People will say that this will lead to money being able to buy more so it would not matter if pay cuts occur. This doesn't take into account the psychology of humans. People do not like having their wages cut, especially if the economy is growing. This matters a lot for macroeconomics. Deflationary pressure such as this is a pain and takes a long time for an economy to adjust.

The gold standard does not solve the problem of trust. Unless we can actually buy goods with physical gold, all paper money absolutely requires trust in the institution issuing the paper. Throughout the history of the gold backed paper money, all of it has had its convertibility ration changed. Government and banks have all modified how much gold a given bill converts to, including going off the standard entirely.

Tying a currency to an asset such as gold can also create economic disruptions. For example, pretend gold mining becomes much more efficient, inflation can shoot through the roof. Or if there are new uses for gold, gold is taken out of the money supply and deflation can occur.

Also, governments can screw up gold backed money just as well as fiat money. The Great Depression is an example of such a screw up. The gold standard played a very big role in the Great Depression. For more info on the subject, check this link: http://oxlib.blogspot.com/2010/05/scott-sumner-its-complicated-great.html

Also, just because I know about some of these conspiracy theories, check out this link: http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html

 

[VikingKing]

Well. If the dollar does collapse, make sure you have a lot of weapons and ammunition.

You can trade rounds for goods. :kick:

 

[Fatal Jay]

Well. If the dollar does collapse, make sure you have a lot of weapons and ammunition.

You can trade rounds for goods. :kick:

You can't eat and drink weapons and ammunition, it will get to the point people will trade those in for food and water.


Whoever has the food and water will be king, not the guy with the weapons or gold.

 

[taiyuu_otoko]

You can't eat and drink weapons and ammunition, it will get to the point people will trade those in for food and water.


Whoever has the food and water will be king, not the guy with the weapons or gold.

I disagree. If all you've got is food and water or gold, then those with weapons and bullets will take them away.

I suspect should a dramatic crash happen, a lot of things will change a lot of hands, and most people who prepare won't fare any worse that those that don't.

Those that WILL survive will likely be the utmost, cutthroat criminal alpha type, who won't hesitate to kill in an instant to get what they want. Not any "good 'ol boy" who belongs to his local prepper club.

HOWEVER, while goofballls are arguing on the internets about when the collapse will happen, or what the best theoretical strategy is, the government is literally buying BILLIONS of rounds of ammunition.

EVERY government agency is literally stocking up on bullets.

WHATEVER one's strategy is for surviving any "crash" I would recommend you follow the rules of fight club:

NEVER TALK ABOUT FIGHT CLUB

If word gets around that you've got a hidden stash in your basement, no amount of bullets will keep away the starving masses.

 

[Bible_Belt]

Disease will kill more people than thugs. Imagine NYC after the toilets stopped flushing and everyone has to sh!t on the street. When it rains, there will be nice convenient puddles full of fecal bacteria for the thirsty morons to drink from. Cholera is a near certainty. Every major city would be certain death unless you could get out.

That's what I like about farming - we are the original doomsday preppers. My grandparents were living in the same spot "off the grid" for much of their lives, until the grid finally got out here. They think having utility service is a convenience, not a necessity. We have grain bins, a herd of cattle, stocked ponds, berries & fruit orchards, water wells, deer everywhere and a lot of guns to protect it all. This place will be a Garden of Eden in a societal collapse. Of course if an army of city refugees appear over the horizon, no one is invincible. But they'll be too sick and hungry to form an army. Most of them will just lay down and die.

 

[LiveFreeX]

Lol you guys and your guns. America will never 'fall' into Chaos, ever. Its going to be sold lock,stock and barrel to the highest bidder and if you are paying attention you can see who the bidder currently is. You are just going to be working for a new slave owner and no amount of guns are going to stop this deal from going down. The transnational railway starts next year and guess who's funding and building it. Meet your new masters.

 

[VikingKing]

You can't eat and drink weapons and ammunition, it will get to the point people will trade those in for food and water.


Whoever has the food and water will be king, not the guy with the weapons or gold.

You can shoot people and take their sh!t. That's what I mean. If society falls, there will be groups of men roaming with weapons.

The better trained you are in combat, the better off you will be.

Shoot the guy with water and food, and take it. Hey if society falls, everything is fair game.

 

[VikingKing]

Lol you guys and your guns. America will never 'fall' into Chaos, ever. Its going to be sold lock,stock and barrel to the highest bidder and if you are paying attention you can see who the bidder currently is. You are just going to be working for a new slave owner and no amount of guns are going to stop this deal from going down. The transnational railway starts next year and guess who's funding and building it. Meet your new masters.

But. There is more money to be made here. In Canada your just poorer slaves. There will always be a group of people who have the most power in any nation. This includes Canada.

 

[Fatal Jay]

1.The government are going to make the price of ammunition go up

2.They are going to make guns illegal, so if you own one they will arrest you

3.When they enforce the patriot act, martial law will clean up any houses that have guns

so like I said stash food or die.

 

[Bible_Belt]

A gun is an idea. Making one yourself is not that hard. There are countless homemade firearm designs. And pioneers were making their own bullets 200 years ago, so that's not exactly impossible, either. If the government could snap their collective fingers and make every personal firearm disappear, they would have done it a long time ago. But guns are never going away, because they're an idea more so than a tangible thing.

Speaking of ideas, fertilizer bombs are a lot more dangerous than guns, anyway. They would make much better weapons after a societal collapse. This pic is the OKC bombing. McVeigh just parked a u-haul truck of fertilizer on the curb: http://www.cnn.com/video/crime/2010/04/19/okc.bombing.natpkg.cnn.640x360.jpg That bombing changed the design of all Federal buildings forever. They are now built like fortresses.