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

[LiveFree79]

The only way to pay of the national debt is to default by driving our currency to zero value.
Meaning, if we owe 100 trillion dollars to china.
We print up 100 trillion dollars notes like they are 1 dollars notes, and send them to all our creditors.
Debt is resolved. Currency is worthless. And the rest of the world just realises it was our slave for the past century.

Its called bankruptcy. We are getting there.

Yeah and they are all just going to sit back and swallow that fate? LOL.

 

[torchbearer]

Yeah and they are all just going to sit back and swallow that fate? LOL.

They gave the loan, they took the risk.
I'd like to see them come over here and try to take our assets.

 

[LibertasPraesidium]

talk about some whining.

Look its pretty simple and most of us have realized this, the government is no longer for the people by the people.

Its whatever they want to do, as long as they can fool most of the people all the time.
Unfortunately we are making progress, more and more are waking up and eventually we will realize not only do we out number them we also have the power to do something about it with those numbers.

Some are expecting a leader to rise up and tell us what to do, when really we just need to rise up ourselves and contribute to the cause. That cause is getting the control back to the people of the US. There are various ways to do this and as we exhaust the vote on my bday nov 4th, i hope some will realize that even that avenue is done with.
They no longer listen to the people, they no longer listen to what we have to say.
They tell us what they want to hear, they tell us that we have things to fear.
I say the only thing we have to fear is ourselves not getting up and actually doing something about this.
What? What can we do.?
Its called a revolution and too many are afraid of going through with it.
Too many fear the government and what they would do.
But none realize that if everyone were to stand up all at once and revolt, there would be nothing they could do.
(now im talking in the range of 10s of millions of people at least.) That is what it will take to succeed.)
to replace those in power.
Now stop complaining and either get up or stay sheep.
As long as you are afraid you will remain a sheep.
That is why yamamoto's sleeping giant wont awaken.
there is no tireless and resolute resolve to change things.
Just fear.

Good luck.

 

[s35wf]

They gave the loan, they took the risk.
I'd like to see them come over here and try to take our assets.

please torchbearer; i have enough to worry about, but u never know, china russia & iran together could probably easily take us. scary; but true

as for what to drink; id rather burn

 

[torchbearer]

please torchbearer; i have enough to worry about, but u never know, china russia & iran together could probably easily take us. scary; but true

as for what to drink; id rather burn

I'd rather burn, but its dry all over.
Plus, I live in a glass house.

 

[Ozwest]

please torchbearer; i have enough to worry about, but u never know, china russia & iran together could probably easily take us. scary; but true

as for what to drink; id rather burn

And America Rules!

 

[Carole]

Well spoken Mini-Me. I agree with most everything you said.

 

[Carole]

Great post Wizard Watson.

 

[Carole]

http://www.fourwinds10.com/siterun_data/business/currency/news.php?q=1223496207

Oct. 7, 2008

Brazil and Argentina have launched a new payment system in their bilateral trade, doing away with the US dollar as a medium of exchange

How many more countries do you think will go this route now?? They will eventually wean themselves off of the dollar's control on their economic systems. What do you think the intention was by the Iranian oil bourse not being pegged to the dollar? The trust value of the dollar is the achilles heel of our country.

As for pulling things off right in front of peoples eyes they have people so paranoid about being called conspiracy theorists that any argument against the government and/or government policies defaults to being a tinfoil hat argument. Everyone, everyday has an agenda. Those in position of power are no different. When trying to pursue an avenue with variables there are various contigency plans so when it appears they are floundering it is merely adjusting to various variables. The great advantage to tptb is their control in so many realms including money creation, major businesses, and government policy formulation. You cannot just look on the surface for what you seek. The illogical nature of many policies requires one to question just why certain policies were implemented or are being pursued.

Just exactly what did we accomplish with the outrage towards the bailout? Oh yeah...nothing!! They did as they pleased, because we are too ignorant to know what is for our own good. So being aware is only part of the equation. We have to effectively make them listen and act as civil servants. Part of the problem is realizing they are not in the position (for the most part) because they want to serve the public but rather most are on a power trip and reap rewards based upon which lobbying group they choose to cooperate with when forming government policy. Keep that in mind as you cast your votes just how they regard their position...


Funny, you seem to think we can be the only nation of consumers. When we can no longer afford to be the pigs at the trough another nation will take our place. You seem to suffer from delusions of grandeur...

We should remember the three countries which refused to peg to the dollar: Iraq, Iran, and Venezuela.

Which three countries has Bush either invaded or sought to invade? Iraq, Iran, and Venezuela.

Saudi Arabia cooperated. Thus they become our so-called "ally".

Call it conspiracy or not, an agenda is in place. An agenda IS a conspiracy--a plan, if you prefer. The PTB wish to reshape the mid-east geography and just as they have done in so many other countries, they like to go in and create a "democracy" and establish a puppet government. Look at Afghanistan, Pakistan, in earlier years some of the South American countries like Brazil. The IMF is perfectly willing to lend and lend and lend until the debts can no longer be paid. Then they go in and claim the resources for example-the collateral. Economic hit men preying upon the third world countries in the name of the IMF is not a fairy tale.

Maybe someone smarter than I can explain what that means and how it all connects.

 

[rockandrollsouls]

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.

All I'm going to say to you is you might want to back up your point of view with some sort of evidence. You're simply speculating. I'll refrain from calling you a moron and a jack ass, but you really don't know what you're talking about.

 

[Carole]

Icon..........lol......you honestly believe they can just sell bonds to cover it? Haha........yeah right.....most countries will be liquidating their treasury bonds and it sure as hell will be in the next 5 years not 10-20. You're the typical arrogant American that thinks the world depends on us. They don't. Many countries are starting to drop the dollar. There are first world economies emerging all over the world with burgeoning consumer classes. Force has been one of the driving factors of American/dollar hegemony. And as our economy collapses so does our ability to wage wars and prop up our empire. You have a very dangerous mindset, especially for future generations who in your opinion will be the ones dealing with this shit "20 years from now". I suggest you go back and take a basic economics course and while you're at it a history class.

Live Free, I so agree with your thinking.

In fact, I had a bunch of savings bonds that I liquidated a few months back before full maturity. The small rate of interest on them could never make up for the inflation over twenty years. I probably barely broke even on them (inflation-wise) even though there was some considerable profit on many of them.

 

[torchbearer]

Live Free, I so agree with your thinking.

In fact, I had a bunch of savings bonds that I liquidated a few months back before full maturity. The small rate of interest on them could never make up for the inflation over twenty years. I probably barely broke even on them (inflation-wise) even though there was some considerable profit on many of them.

You'd have to be making 16% just to keep even with the real rate of inflation according to M3.

 

[Deborah K]

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

....and you need to return from LA-LA Land!

 

[Carole]

I shall have a mini-Miller from a glass bottle.

 

[Deborah K]

I shall have a mini-Miller from a glass bottle.

And I shall have a heineken.

 

[icon124]

All I'm going to say to you is you might want to back up your point of view with some sort of evidence. You're simply speculating. I'll refrain from calling you a moron and a jack ass, but you really don't know what you're talking about.

And I'm going to refrain from saying you probably bought into the PM bullshit they feed...not because they want you to be safe, but because they want that transaction fee. Peter Schiff is out to make a profit too...his specialty is downturns...we're in one now...why not play it to his full advantage?

Wake up...what I'm saying is the side saying there is going to be a collapse is also profiting from the fear.

IN all honesty...who here works in the finance field? Who knows really anything about modern day economics beyond introductory level and not the fairy tale utopia stuff (YES it is a good idea, and this country would have been a lot better if we followed it...but in actuality...you know real life....not happening)? Anyone...anyone? Or does everyone go off of what the next man says?

This doom and gloom side is just as bad as the real estate bubble side...

This currency isn't going to collapse during the recession...

Oh and I'm not dependant on this currency at all...so there is no bias here because of that...I can easily take any of my foreign currency holdings and survive...

I just choose to stay here in America for obvious reasons...you're here too...if everything is as bad as people make it out to seem WHY DON'T YOU GO SOMEWHERE ELSE?

If all of these countries are so smart why do you stay here?

 

[AdamLTucker]

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?

The basic principles of banking ensures that the "house" will always win.

Allow me to explain...

the Federal Reserve lends the US Treasury X amount of dollars; no matter whether it
is in the form of paper currency or credit, the bank only lends the principle, but requires that in return they receive X+1, with the '1' representing interest.

Basically if the banks only lend the principle, that means that there is never enough money in circulation to pay off the borrowed money plus the interest.

i.e. it is impossible to EVER pay back all the debt that exists in the market, thus we will always be enslaved to the banks.

The system is broken, it is time that we fixed it.

Adam L Tucker
just3ants.com

 

[smsnead2]

But... When higher inflation is coming from every direction, whether it be the FED or the ECB flooding the markets with short term cash, or lowering interest rates, or China, Russia and other emerging markets determined to keep their currencies from gaining against the dollar, thereby inflating their own currencies, it is a recipe for disaster.

Help me out here, I'm having a heck of a time trying to makes heads or tales of this economic mess. Why are the ECBs and emerging market countries taking those actions? Wouldn't they be bringing on similar hyperinflation risks?

I'd think they would be less likely to see hyperinflation.

BUT...I would have also thought they wouldn't have seen even greater market losses than we've had here. On top of that, the US dollar's position has been improving. How can a problem that originated with a housing bubble here have affected foreign markets worse and strengthened the US dollar. What am I missing?

 

[Dark_Horse_Rider]

Only a matter of time.

In the movie Titanic you can see some people in denial that the party is over.

Forever is a big and dangerous word to use.

There will be something new.

 

[Fox McCloud]

at the current rate, everyone is propping up the dollar, so while the dollar may not fail immediately, it still can in the long term (as a matter of fact, we could see a universal collapse of world currencies).

I have my own theories on why it's this way...in Revelation it mentions that when Babylon the Great falls, all the merchants of the world will mourn and wail "because no one buys their cargoes any more"....I'm not saying, for sure, that the USA is Babylon in Revelation, it's just something I always keep in the back of my mind......but, at the same time, if we continue to debase our currency more and more and more and more, and the nations of the world STILL does not dump our dollar (because they want to trade with us), I'll tend to think we really are Babylon. Again, I'm not saying we are, it's just something I think and wonder about.