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Dollar Collapse - Will it really happen?
I don't remember how I came to know about it but once I knew this word, I started to research extensively about the
"dollar collapse"
"how will the dollar collapse"
"consequences of dollar collapse"
"american collapse"
"us collapse" .
There are many websites about this issue and reading about it causes an eerie feeling inside. If all that is false and nothing of that sort happens, then it'll be good for everybody. But.... what if it really happens. This is where the problems start.
In the guestbook below, tell us whatever you know about the collapse. Include whatever sources you have read and tell us about your inner feeling about this crisis. Also tell us how you are going to tackle this issue, what steps you are taking etc.
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Do you want to Profit from the Dollar Collapse?
A Must Have Book
"The dollar is in trouble. Its value on foreign exchange markets has been falling for the past six years, and now its gradual decline is about to become a rout. This spells big trouble for the American economy-but potential riches for smart investors. In The Collapse of the Dollar and How to Profit from It, financial gurus James Turk and John Rubino show how the dollar arrived at this precipice, why it will continue to plunge, and how you can profit from the resulting financial crisis.
The United States today is the world's biggest debtor nation. To finance this mountain of debt, we're flooding the world with dollars. The resulting oversupply of dollars will cause its value to decline until it is displaced as the world's dominant currency. Precious metals will soar in value, and gold will reclaim its monetary role at the center of the global financial system.
James Turk, a leading gold authority and the founder of GoldMoney.com, and John Rubino, editor of the popular Web site DollarCollapse.com offer strategies for investing in gold coins, gold stocks, gold-based digital currencies, and other hard assets to create a profitable portfolio.
The Collapse of the Dollar and How to Profit from It is a must read for every citizen and investor."
The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets
Amazon Price: $10.76 (as of 11/11/2009)
Review:
By Breck Breckenridge (Spokane, Washington)
Another great practical book on economics and investing for the common man. I learned so much about how things are now in America from this book. I recommend it heartily to anyone who wants to know more about gold, fiat money, the mess this country is in, and the doom that awaits us.
Release Date: 01/29/2008
Jump to...
- Disturbing Quotes on the US Dollar Collapse
- What the Iraq war is costing?
- USA national debt as of 25th June 2008
- Links containing information about Dollar Collapse
- Discuss your opinion about Dollar collapse...
- Links which say, Dollar not likely to collapse..
- Raun Paul discusses Dollar Collapse
- Some Random Facts
- BBC News
- CNN Live
Disturbing Quotes on the US Dollar Collapse
1. "The consequences for the US economy of doing nothing could be severe." - Alan Greenspan.
2. "The world is set to jump off the top of a waterfall without knowing how deep the water is below." - Kenneth Rogoff, IMF (International Monetary Fund) Head of Economic Research.
3. "There's a 75% chance that the US will experience a currency crisis within five years." - Paul Volcker, Chairman of the US Federal Reserve.
4. "There's nobody home on economic policy in America right now. Its an accident waiting to happen." - Stephen Roach, Chief Economist, Morgan Stanley.
5. "we have the phenomenon called inflation which is the appearance of rising prices. I emphasis the word 'appearance' because in reality prices are not rising at all. What we're seeing is that the value of the dollar is going down, that's the real side of the equation. If we had real money based on gold or silver or anything tangible that couldn't just be created out of thin air, it could be based on microphones, that they couldn't just create with the stroke of a pen, you would see then that prices would remain stable over a long period of time."
- Edward Griffin, author of "The Creature from Jeckyll Island"
6. "Maybe the public doesn't want to hear it. Maybe politicians think ... the American public can't understand the truth or hear the truth or bear the truth. I think this is garbage. I think that people care about their kids and grandchildren and need to know the dangers facing them -- and us."
- Laurence Kotlikoff, economics chairman at Boston University
What the Iraq war is costing?
U.S.A National Debt
Who is responsible?
USA has the highest debt in the entire world.It has crossed 9 trillion (9,000,000,000,000) dollars in 2008. This thing is growing each and everyday. Do you think this is sustainable? Who is going to pay back this amount?Anyone with a sane mind knows that this is something very serious. But the majority do not have any effect about this issue. There may be several reasons for this. Whatever they are, the people who know this should start taking serious steps to spread this to as many people as possible.
If you want more information about the national debt then wikipedia has a page on United States Public debt. You have to definitely look at that.
Definition of National Debt:
1.The United States total public debt, commonly called the national debt, or U.S. government debt, is the amount of money owed by the United States federal government to creditors who hold U.S. debt instruments. (Wikipedia)
2.The financial obligations of a national government resulting from deficit spending.
(Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.)
From the above definitions it becomes clear that a national debt occurs when a govt. spends more money that it has. Where does this money come from? Obviously it comes from other nations. There was only one time when there was almost no national debt on the US govt.
One more reason for the debt is the people using their credit cards when they have less money. People are just using their credit cards and maxing them out. What is that extra money which your credit card gives you. It is debt. Many people have thousands of dollars of debt due to these credit cards.
USA national debt as of 25th June 2008
Links containing information about Dollar Collapse
The info on these sites is really spooky...
- American Economy Collapsing
- Article explaining the reasons why US dollar may collapse
- Dollar Collapse Scenarios
- Here you can see three scenarios in which the dollar may collapse
- Economic Collapse Being Set Up
- An interesting read about the collapse being set up deliberately
- U.S. dollar facing imminent collapse?
- Fed in bind as Paulsen, Bernanke head to China -This article explores more about the dollar collapse
- What the dollar's collapse will mean to the world?
- In this article, you will see how the world will get affected if the dollar goes down.
- Collapse of the American Empire
- The author says that every empire collapses someday or another. According to the present conditions it is the American Empire which will collapse
- The coming economic collapse of the United States
- "The Great Depression will look like a small blip compared to the economic collapse the United States is about to suffer, according to several experts."
Discuss your opinion about Dollar collapse...
Here is where you can share whatever you know about the coming dollar collapse. Tell us your feelings( whatever they are) and how you think to tackle it. It is really important for everybody to know about this thing.
If you have found any website about this issue then include it here.
Frank wrote
we are majorly fucked. if the dollar can't buy energy for us anymore we're all going to fucking starve. Grow gardens if you can, become as self sustaining possible. Do not depend on our corporate-run government or on any corporate job. We are a consumption based economy which runs on the idea of exchanging shit(paper money) and calling it gold. The clock will strike midnight and that gold will turn back into shit, and so will most of our lives.
Good luck, everyone.
Posted August 30, 2009
NewAmericaNow wrote
It seems that we have not seen the worst of this yet. See the article on what a family can do in such a time...http://newamerica-now.blogspot.com/2009/05/economic-collapse-and-family-survival.html
Posted May 17, 2009
Clint Richardson wrote
Mark to Market accounting and war profiteering need to be made illegal. Mankind have created large machines (corporations and governments) that are legally treated equal to or better than other humans, but have neither the compassion nor conscience of any human. We will be enslaved by our creations. The greatest single power God gave us was the ability to create and just look at the mess that we've created.
Posted November 15, 2008
SurviveUnemployment wrote
the only bright spot for me is that i don't have any dollars, therefore the effect of the collapse is relatively minor.
Posted July 31, 2008
WorldTravelers916 wrote
our dollar is now less than the euro thats rediculous.
classical music cds
Posted July 22, 2008
Cumberland wrote
Enjoyed your lens. I'm glad to see others aware of, and acknowledging the problem. Recognizing the problem and trying to find a qualified candidate to vote for is about all the average citizen can do toward addressing the issue.
Fiat currencies do not work long term.
A stable and solid currency must be tied to something; gold, silver, or even high grade gravel. But there must be standard by which money can be evaluated.
Posted July 14, 2008
Faiz wrote
Fiat currency is one of the top most reasons why the dollar collapse is going to occur. The Fed prints the money whenever they feel like. This will definitely cause more problems
Posted June 27, 2008
adez7 wrote
IMO Fiat currency is a fraud and must go belly up at some time! IT is a fact of life. :(
Posted June 24, 2008
netventurer wrote
Just returned from vacation where I had to pay in Euros. I certainly know my dollar collapsed.
Posted June 23, 2008
Links which say, Dollar not likely to collapse..
- Dollar to collapse?
- Dollar will not collapse even in half a century.
- U.S. Dollar Collapse Not Imminent, But Start Buying Gold & Silver Now
- There may be still some hope for the dollar.
Your opinion please...
More on dollar collapse
- A dollar collapse | Getting Personal | Marketplace from American ...
- So, you asked what a dollar collapse might mean for the average citizen. Basically, it would be a disaster. My guess is that the financial markets would crater as financings denominated in dollars plunged in value. ...
- Dollar Collapse Update: "Obama Demands Pay in Euros!"
- Dollar Collapse Update: "Obama Demands Pay in Euros!" by Mike Whitney . Global Research, October 25, 2009. Information Clearinghouse - 2009-10-23. Email this article to a friend. Print this article ...
- Persecution Politics: Beck Predicts Dollar Collapse, American Land ...
- Persecution Politics: Beck Predicts Dollar Collapse, American Land Sold to China and Russia, Polar Bears Executed by 'Ivan'. October 28, 2009, 8:17PM. Last month, Glenn Beck accused the Obama administration of deliberately instigating a ...
When the lightning strikes
Will the dollar survive?
Some Random Facts
BBC News
- Services remember world war dead
- Ceremonies of commemoration are being held around the world to mark the 91st anniversary of the end of World War I.
- Thaksin extradition demand rejected
- Cambodia rejects an extradition request from Thailand for former Thai PM Thaksin Shinawatra, escalating a diplomatic row.
- 'No fasting' for cholesterol test
- Patients who need their cholesterol tested may not need to stop eating for 12 hours beforehand, a major report finds.
CNN Live
- Four Afghanistan options on table, sources say
- President Obama is reportedly considering four scenarios to move forward in Afghanistan, and one calls for deploying 34,000 U.S. troops, sources told CNN.
- Polygamist gets 10 years for sex assault
- A polygamist sect member arrested following last year's raid of a west Texas ranch was sentenced Tuesday to 10 years in prison for sexually assaulting an underage girl, authorities said.
- Huge blackout hits Brazil as dam fails
- A blackout struck a large swath of central and south Brazil Tuesday night, affecting at least six states, CNN en Español reported.
by Faiz
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