Forum Post: Dollar about to crash
Posted 13 years ago on Oct. 19, 2011, 12:56 a.m. EST by jjm3
(0)
from New Hyde Park, NY
This content is user submitted and not an official statement
I think everyone should be aware of how dire the situation of our dollar is now, due to all the fraud and irresponsible spending that has happende over the last 30 years in our government Please take a moment to see this video and prepare yourself for the biggest plundering of wealth the US, Hedge agaisnt this by buying silver, gold and stock up on food and water, this is a very real possibility
http://www.youtube.com/watch?v=hS2HfjR9oPM
Watch Peter Schiff (he predicted the 2008 Crash) for a more in depth explanation on why we are near the border of the biggest economic collaps this country has ever seen.
I wish it would crash ! If the dollar is worthless then we can get as many as we want and pay off all of our debts...however then there would then be a run on dollars because everyone would need them to pay off their debts. That in turn would start to cause the dollar to have a value again...damn rational logic...it's so annoying.
Silver and gold are ridiculously overvalued right now...
If you think that, you don't understand currencies.
Silver and gold are going up, and they will continue to go up, albeit erratically, over the next few months and years.
If you think they're high now, wait until next year when they've doubled or quadrupled or more.
Their price is not a reflection of the actual value of gold and silver. Their increase in price reflects the fact that they are alternative currencies to the failing fiat currency of the U.S. dollar. Once gold has risen to $6000 an ounce, then it means that the dollar has gone to less than a third of what it is now worth.
The skyrocketing of silver and gold is the canary in the coal mine that is foretelling the death of the dollar.
manufacturers in US can't export their goods because the US Dollar is too expensive.
a crash in the dollar is going to allow US manufacturers to sell more goods overseas, increase production capacity, hire more people. it's going to make foreign goods rightfully more expensive, as foreign governments have been subsidizing their own industries to dump goods in our economy.
when that happens you can BUY USA knowing you got a good bargain.
people who vote down my comments are only concerned with ensuring that they will continue to have access to cheap MADE IN CHINA goods at walmart.
Not if we vote Obama out!
At this point, it literally won't matter who is in office.
Oh it will. We need a nation builder.
Honestly we don't have one. Even if we got a Nader, or a ron paul or a kucinich in there,congress will flip them the bird and say "no I'm sorry I can't hear y-lalalalalalalala". Sometimes I really do feel that this is all deliberate. No one is this cold for no reason.
I feel what your saying and agree. That is why I learned to not rely on the system.
It is deliberate - they are lining their own nests and packing their own golden parachutes. The rest of the plebes be damned.
Feels that way.
Well, we can protest, unite, and at all costs - REFRAIN from violence. Violence will usher in an eagerly-awaited police state (eagerly awaited by the elites, that is...).