The dollar is NOT going to collapse...YOU need to wake up

[icon124]

Seriously...

label me as a troll after this if you feel like it is necessary BUT hear me out first.

Do you really believe the global economy...which pretty much survives off of the dollar is going to let America destroy the dollar...I mean in all honesty...think about it why in the hell would they let the whole system collapse...

As much as I want to believe they want America to crumble so they can more than likely start the Amero I really don't see how and why they can pull this off right in front of our eyes.

70% plus are against the 700 billion dollar injection...so obviously someone is awake around here...how do you really think they could destroy our currency on purpose.













Now with that past us...yes the currency could be hurt from all of the wrong actions over the decades...but do you honestly think this was planned? I mean maybe at the beginning, but as time moves on people just accept what is already there...meaning they go along with "money out of thin air" not knowing how bad it can hurt us.

So do you really think the people now are really trying to cause inflation and destroy an elite nation? Or are they just misguided? I'm leaning more towards a misguidance...

and this "invest in foreign countries" isn't really paying off is it? Glad people are finally realizing the economy is GLOBAL...and America is so strong that our collapse will cause disruption in the rest of the world as well...if they were so smart, why didn't the rest of the world realize we were destined to fall?

And yes I do understand Austrian economics and sound money...I study it on a regular basis, and believe it IS the RIGHT way...but we are so far down the road right now I don't see that happening AT ALL. Just being a realist...label me a troll if you think I need to be one...I'm on your side regardless, but I don't see how they could possibly let this economy collapse...considering how much of an effect it would have on the ENTIRE world.

good day.

 

[torchbearer]

How do you plan to pay off the national debt if every year it gets bigger?
We don't produce enough wealth to keep up with the growth of government.
How long can that continue?

 

[josephadel_3]

I hope you're right. Maybe it won't collapse, but you can almost guarantee something quite like another depression.

 

[JohnMeridith]

how much more than 95% of its value does it have to lose to be destroyed?

 

[icon124]

How do you plan to pay off the national debt if every year it gets bigger?
We don't produce enough wealth to keep up with the growth of government.
How long can that continue?

Theorectially as long as foreign countries decide to honor our debt...

think about that...as long as someone in the world decides to work to honor our debt we can continue to follow the same path...there is no telling when that could end.

we are global now...when America grows so does most of the world.

 

[icon124]

how much more than 95% of its value does it have to lose to be destroyed?

IF you want to get technical....infinity....

 

[muh_roads]

I have to agree with the OP. Schiff, Sinclair, Jones, and so many other fear mongers are causing a lot of people to lose money with this panic. I'm sick of all the conspiracy speculation...too much BS. These people need to relax.

 

[JohnMeridith]

IF you want to get technical....infinity....

hmm, so if I blow up 95% of a building, with your reasoning it is still intact.

 

[icon124]

hmm, so if I blow up 95% of a building, with your reasoning it is still intact.

A building is COMPLETELY different than a currency that is built off of human trust...

a building has it's limits...regardless of what me and you think...

our currency is built off of trust...

everyone in the world...theorectically could trust the dollar for infinity...

just stating the facts...and the facts seem more and more like our reality huh? I don't like it just as much as you don't like it...but I'm also being a realist about the situation...

Foreigners depend on our currency JUST as much as we do...

 

[ArrestPoliticians]

I have to agree with the OP. Schiff, Sinclair, Jones, and so many other fear mongers are causing a lot of people to lose money with this panic. I'm sick of all the conspiracy speculation...too much BS. These people need to relax.

Once prices rise 30% a year you will be thanking them. I think in the short term those guys are overlooking some things in their rush to condemn the dollar, but in the long run they couldnt be more right.

 

[torchbearer]

Theorectially as long as foreign countries decide to honor our debt...

think about that...as long as someone in the world decides to work to honor our debt we can continue to follow the same path...there is no telling when that could end.

we are global now...when America grows so does most of the world.

theorectically.
Let's deal with the real world now.
My cost of living keeps going up. My paycheck is not.
Prices over time keep going up... not down.
Debt keeps going up not down.
People are losing their homes because they can't make it anymore. Not even with two incomes.
I'm starting to feel the squeeze.

You can't print wealth. You can't maintain deficit spending forever.

What would our daily interest be when our national debt is 100 Trillion?
Will people still be propping up our lack of production then?
Will china still be our slave production then?

There is an end game. This trend will not go on forever.

 

[RSLudlum]

we are global now...when America grows so does most of the world.

So foreign entities have a vested interest in keeping America growing? And what kind of growth do they expect when we are so deeply in debt? What do these foreigners get out of the deal by diverting funds from their own country's economy for investing in a faultering US economy that is stricken with public and private debt, which we borrowed from them in the first place?

"I'm looking for a new car. You got one to sell me? Oh BTW, could you loan me the money to buy it from you, I promise to pay you back if it doesn't break down and I need to buy another from you with a 2nd loan, also from you" How does this promote you financially in the long term??

I just can't see it lasting without losing all semblances of free market capitalism. Please prove me wrong!!!

 

[icon124]

Once prices rise 30% a year you will be thanking them. I think in the short term those guys are overlooking some things in their rush to condemn the dollar, but in the long run they couldnt be more right.

Short term? you mean like in the next 20 years or so? Who knows what can happen between now and then...this curency is NOT going to collapse within the next 20 years...

I say 20 because...the Fed...while printing INSANE amounts of money that I DON'T AGREE with AT ALL...will collect enough bond money...you know why? because everyone is scared and wants to invest in treasury bills/notes/bonds.

Release trillions with their right hand and collects almost that much with their left...reduces inflation for atleast the life of the bonds...giving them enough time to do something...something that may be wrong...BUT my arguement is we won't see a collapse during this recession/depression...maybe 20 years from now but now today

 

[icon124]

theorectically.
Let's deal with the real world now.
My cost of living keeps going up. My paycheck is not.
Prices over time keep going up... not down.
Debt keeps going up not down.
People are losing their homes because they can't make it anymore. Not even with two incomes.
I'm starting to feel the squeeze.

You can't print wealth. You can't maintain deficit spending forever.

What would our daily interest be when our national debt is 100 Trillion?
Will people still be propping up our lack of production then?
Will china still be our slave production then?

There is an end game. This trend will not go on forever.

I agree with you 100%, my difference is IT IS NOT NOW...we won't see it now at all...anyone...even if you don't study economics or fundemental finance understand this can't go on forever...BUT we can get out of our recession/depression now simply because the rest of the world are bound to our dollar just as much as me and you are...I hate to admit that fact, but after doing the research you will understand it is so true...damn you don't know how bad I didn't want to type that sentence lol...

Look at the post right before this...it'll explain why I believe so.

 

[torchbearer]

I agree with you 100%, my difference is IT IS NOT NOW...we won't see it now at all...anyone...even if you don't study economics or fundemental finance understand this can't go on forever...BUT we can get out of our recession/depression now simply because the rest of the world are bound to our dollar just as much as me and you are...I hate to admit that fact, but after doing the research you will understand it is so true...damn you don't know how bad I didn't want to type that sentence lol...

Look at the post right before this...it'll explain why I believe so.

The debt isn't linear... its exponential.

 

[eric_cartman]

This has happened throughout history many times before. there were a few who understood economics and realized it was coming. but the majority of the population denied it until it was too late and they were broke.

fiat money always fails... it always has.

I'm sure people throughout the ages made similar arguments to the one you just made now. They will believe that it just can't happen to them. They will look at all their modern advances in comparison to life hundreds of years go... but it can happen, and it will happen. Throughout history, there were people like you making the same kind of arguements you are making now... but there was a very small percentage making the exact opposite argument. and basically, when you print up money out of thin air, you will destroy the currency. The laws of economics work the same everywhere in the world, and the same in every time period. If the US keeps printing money, the currency will be destroyed... and there is no end in site to the money printing... and there is so much debt that cannot be paid for in any other way than the printing press.

if they have to spend $100 trillion in social security and medicare over the next 20 years... where is that money going to come from?

 

[icon124]

So foreign entities have a vested interest in keeping America growing? And what kind of growth do they expect when we are so deeply in debt? What do these foreigners get out of the deal by diverting funds from their own country's economy for investing in a faultering US economy that is stricken with public and private debt, which we borrowed from them in the first place?

"I'm looking for a new car. You got one to sell me? Oh BTW, could you loan me the money to buy it from you, I promise to pay you back if it doesn't break down and I need to buy another from you with a 2nd loan, also from you" How does this promote you financially in the long term??

I just can't see it lasting without losing all semblances of free market capitalism. Please prove me wrong!!!

I agree with you BUT...it is happening is it not? Everyday someone agrees to give us a second/third/fourth/fifth term loan...this could...theorectically...go on forever...as long as they can trick their own into it everything will work...China's up to bat right now...and we are using the hell out of them, are we not?...who is next to bat?

 

[josephadel_3]

So why 20 years?

 

[icon124]

This has happened throughout history many times before. there were a few who understood economics and realized it was coming. but the majority of the population denied it until it was too late and they were broke.

fiat money always fails... it always has.

I'm sure people throughout the ages made similar arguments to the one you just made now. They will believe that it just can't happen to them. They will look at all their modern advances in comparison to life hundreds of years go... but it can happen, and it will happen. Throughout history, there were people like you making the same kind of arguements you are making now... but there was a very small percentage making the exact opposite argument. and basically, when you print up money out of thin air, you will destroy the currency. The laws of economics work the same everywhere in the world, and the same in every time period. If the US keeps printing money, the currency will be destroyed... and there is no end in site to the money printing... and there is so much debt that cannot be paid for in any other way than the printing press.

if they have to spend $100 trillion in social security and medicare over the next 20 years... where is that money going to come from?

Um they are going to print it....DUH lol j/k

but yes...I do understand where you are coming from...at the same time back then was this economy as gloal as it is now? I think the most common misconception we ALL have is the economy being so global...technology was no where near as good as now obviously...and with modern technology everything is GLOBAL...

I could be talking to anyone around the world right now...how cool is that lol

 

[Paul.Bearer.of.Injustice]

as long as our armed forces can enforce the dollar, it will remain. We will also get our way at whatever new global finance agreement that may take place if a new currency is developed. Our huge deficits are partly due to wasteful spending, but I suspect a lot of it has developed military weapons we can only dream about.