2012 is the year the USD dies

[Seraphim]

http://www.kitco.com/ind/willie/jan122012.html

T minus no more than 14 months. I say, it's this year.

Also, keep in mind all currencies are pegged to the USD. It could occur as a domino effect with the USD being last OR the USD failure simply wiping out the equity of all bond/currency owners the world over.

 

[donnay]

http://www.kitco.com/ind/willie/jan122012.html

T minus no more than 14 months. I say, it's this year.

I think we need to pay attention to the Euro, right now...when it falls the dollar will be right behind it.

 

[Seraphim]

In fact, I believe the Euro is MUCH, MUCH better off.

TPTB that control global finance are EUROPEAN. The US is the dumb ox that does the miliary (dirty work).

Inorder to secure global socialism and control over all debt and curreny...it is the USA that must be brought to it's knees.

Many of these pacts dumping the USD include moving towards the EURO.

I think we need to pay attention to the Euro, right now...when it falls the dollar will be right behind it.

 

[Seraphim]

Don't get me wrong bro, the Euro is a god damn mess...but the power brokers will 100% sell the USD down the river before the EURO.

 

[raystone]

Starting in 2010, I was waiting daily for the death of the U.S. dollar. Since, after spending time at ZH and Automatic Earth, I'm convinced cash will be king after the credit bubble bursts and deflation hits hard. Europe is seeing it now, will ruin the Euro, and that will only strengthen the U.S dollar due to the coming flight to safety. We'll eventually have hyper inflation - most likely severe stagflation, however, the dollar will be strong for the foreseeable future. Warning indicators for the eventual dollar crash will be treasury interests increasing, with no buyers.

 

[Seraphim]

I argue that your scenario of higher interest rates and no buyers (or not enough) for Treasuries is already here and getting worse. Mostly, in the rhealm of not enough buyers for Treasuries (which will cause the higher rates). Much of the Treasury market is artifically propped up by the Fed, no longer China et all.

Cash is king is right - it just won't be DOLLARS. Silver. Gold. USD? Not for much longer.

Starting in 2010, I was waiting daily for the death of the U.S. dollar. Since, after spending time at ZH and Automatic Earth, I'm convinced cash will be king after the credit bubble bursts and deflation hits hard. Europe is seeing it now, will ruin the Euro, and that will only strengthen the U.S dollar due to the coming flight to safety. We'll eventually have hyper inflation - most likely severe stagflation, however, the dollar will be strong for the foreseeable future. Warning indicators for the eventual dollar crash will be treasury interests increasing, with no buyers.

 

[Seraphim]

Trust me Raystone - I'd much rather have a large scale deflation first...I think it's already occured is all.

 

[Blueskies]

Topics like these are silly.

The dollar could die tomorrow. Or it could die 20 years from now. Or never. Too many factors at play, trying to predict an exact date is foolish.

I think, if we continue on our current trajectory, it will die in 5-10 years. But this only a guess, and given that people seem to be "waking up" there might still be time to right the ship.

 

[QE Is Theft]

US dollar index just finished forming an inverse head and shoulders bottoming pattern.

It's primed and ready for takeoff.

The rising LIBOR-OIS spread confirms this as well.

http://www.bloomberg.com/apps/quote?ticker=.LOIS3:IND

 

[Blueskies]

Except TA is a sham.

 

[donnay]

In fact, I believe the Euro is MUCH, MUCH better off.

TPTB that control global finance are EUROPEAN. The US is the dumb ox that does the miliary (dirty work).

Inorder to secure global socialism and control over all debt and curreny...it is the USA that must be brought to it's knees.

Many of these pacts dumping the USD include moving towards the EURO.

The dollar is what is paying for all these wars--and the start of many.

Jim Rogers : first of all, the dollar was beaten down a lot ,and as turmoil occur around the world, some people will flee to the dollar. now, the dollar's not a safe haven as far as I'm concerned, but I do own the dollar because people will go there , but Maria, I own some Euros, too now, because they were beaten down and they're going to make us feel better for a while f. so the Euro will rally, stock markets will rally, but be very careful - in CNBC 06 Dec 2011

The full interview is here.



Lindsey Williams : The Euro will collapse before the Dollar , the Dollar will be dead by 2012 , The second Mr X informed Pastor Lindsey Williams about all the crisis that are taking place in the middle east , in Egypt recently the Muslim brotherhood party become legal , the elite are going to give each of these countries to the Muslim brotherhood as they fall , in Libya ass soon as Gadaffi falls they are going to give the country to the Muslim brotherhood the same for Yemen and Syria but keep a close eye at what will happen in Saudi Arabia it is going to be the last country to fall , Saudi Arabia is where America gets most of its oil the royal family in Saudi Arabia will fall that's when you gonna see oil prices rising to $150 to $200 a barrel the us dollar will then collapse , do not worry about gold and silver prices says Pastor Lindsey Williams the elite are padding their pockets with gold and silver do not ever consider selling yours now the prices will go much much more higher , this is their currency , Gold is going to at least $3000 an ounce it is the only thing that will have any value when everything collapses ....America will default on its national debt , the federal reserve will declare default on its 14 and pass trillion dollar debt it is going to happen says Lindsey Williams , what ythe elite do is not about money the name of the game is CONTROL!

 

[QE Is Theft]

Except TA is a sham.

Tech + fundamentals = sucess

But go ahead and short the DXY right now.

I'll be sure and wave to you on skid row.

 

[thoughtomator]

TPTB that control global finance are EUROPEAN.

There are a great many in London as well. Those on the continent would probably be quite satisfied to go back to Deutschemarks.

 

[Xenophage]

This seems highly unlikely. The rapidity of circulation of new money is practically non-existent right now. If it picks up, you'll see higher inflation. If inflation gets high enough, you'll see the self-feeding cycle of hyperinflation. We're a long ways from that at the moment. More likely you will continue to see higher than average - but still creeping - inflation over the next few years.

But as some other posters have pointed out, it's extremely difficult to predict these things. It's impossible to place very specific dates, and the shorter term your prediction, the more likely it is to be wrong.

 

[Kuthreck]

If the dollar does indeed crash, prepare for any rare metals you own to be seized from you.

 

[Blueskies]

Tech + fundamentals = sucess

But go ahead and short the DXY right now.

I'll be sure and wave to you on skid row.

TA is like looking for dice patterns at a craps table. You could be right, you could be wrong. Who knows. If it was so simple, wouldn't everyone recognize that there were bullish technicals in the DXY and buy it and therefore there would never be any buying opportunities? I never put all my investment eggs in one basket, because the economy is infinitely complex and I simply don't know.

shorter term your prediction, the more likely it is to be wrong.

The ironic thing, is that the longer term your prediction is, the more likely it is to be wrong as well.

Actually, what we can draw from here is: your prediction is likely to be wrong.

One of the central tenets of Austrian economics is that the economy is too complex to be actively managed by central planners. If that's the case--and I think it is--then it is also too complex to be predicted.

 

[Seraphim]

Hyperinflation is the end result of a debt based currency collapsing under the weight of...TOO MUCH DEBT.

This was true in Weimar, the list goes on.

Look at debt growth around the world, and most of all the USA. The debt levels have ALREADY hit geometric growth.

This seems highly unlikely. The rapidity of circulation of new money is practically non-existent right now. If it picks up, you'll see higher inflation. If inflation gets high enough, you'll see the self-feeding cycle of hyperinflation. We're a long ways from that at the moment. More likely you will continue to see higher than average - but still creeping - inflation over the next few years.

But as some other posters have pointed out, it's extremely difficult to predict these things. It's impossible to place very specific dates, and the shorter term your prediction, the more likely it is to be wrong.

 

[Steven Douglas]

Hyperinflation is the end result of a debt based currency collapsing under the weight of...TOO MUCH DEBT.

And it'll be blamed on too many greedy profiteers and hoarders who all decided to get rich and profit from fear simultaneously. And that, of course, will include anybody who spoke any ill of the dollar, causing people to lose confidence in it, despite the Fed's herculean efforts to turn it all around and cure inflation once and for all.

Sigh. And they would have pulled it off, too, if it hadn't been for those damned dollar denier kids and their mangy mutt Ron Paul.

 

[Seraphim]

Lol true that.

Me? I'm more than happy to be a thorn in the side of these control freaks.

And it'll be blamed on too many greedy profiteers and hoarders who all decided to get rich and profit from fear simultaneously. And that, of course, will include anybody who spoke any ill of the dollar, causing people to lose confidence in it, despite the Fed's herculean efforts to turn it all around and cure inflation once and for all.

Sigh. And they would have pulled it off, too, if it hadn't been for those damned dollar denier kids and their mangy mutt Ron Paul.

 

[Jordan]

2013 is the year that you are proven wrong.