What Will Happen to You When the Dollar Collapses?

[nbruno322]

"Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse."

http://www.internationalman.com/articles/what-will-happen-to-you-when-the-dollar-collapses

 

[oyarde]

Nothing will happen to me.I would not have to go to work anymore and would just spend all of that time working at the home place .There would be very little of anything I would need and that I could just barter/buy with physical items .

 

[Danke]

Pitching a tent in Oyarde's yard.

 

[jllundqu]

In B4 Zippy says, "What dollar collapse?" lol

 

[Peace&Freedom]

The dollar already has collapsed. The results of the collapse have merely been held back, up to this point. Nations around the world are withdrawing from it as a reserve currency, the housing, stock, derivatives and student debt bubbles are about to burst, and 4 trillion dollars has been built up covering this up through quantitative easing (AKA, printing up tons of more dollars). Banks are hoarding all the excess cash by setting artificially low or zero interest rates, because flooding the markets with the cash would result in hyperinflation. Once that happens, everyone will feel the collapse that already is a fact.

 

[thoughtomator]

stealing Danke's tent

 

[NoOneButPaul]

First off the dollar is at 99 right now - up 10% since the Euro started to collapse after the Swiss de-peg in January. My point being that the Yen and the Euro will have to collapse first before the dollar stops surging. Where do you think all of these European and Japanese investors will run to first? The dollar. The surging USD over the past 6 months is proof of that. So every other major currency has to fall first before the dollar goes.

The dollar collapse is far off because of this simple fact but if you're still posting here in 2015 I think it's safe to say we'll all be more than prepared once it finally happens. Although it's more likely it's just severely devalued like the pound was multiple times over the 20th century because most people across the globe have been conditioned to accept the dollar the same way they had been conditioned to accept the pound. Unless the BRICS are serious about introducing a gold-backed currency no one is going to run to the RMB (which is still pegged to the Dollar) and no one is going to run to any other BRICS nation's currency.

 

[PRB]

The dollar already has collapsed.

Better answer then people who keep crying like chicken little and then never tell us WHEN it'll actually happen. If Al Gore is a liar because global warming isn't true and as bad every year, when can we call hyperinflationists liars, opportunists, scam artists an alarmists?

 

[brushfire]

My guess is that a big government solution will be proposed, and then rammed down the throats of everyone.

Known dissenters will be silenced by jail or death.

There will be only one path of compliance, and it will be enforced by weapons.

The few voices of liberty that remain will perpetually argue about whether God really exists, if organics really make a difference, whether vaccines are safe, where life begins, and whether Sarah Palin will run in the next election.

And we will all live happily ever after, in our cages...

 

[Bossobass]

The dollar is said to be surging against the euro, but it still takes a buck six to buy a euro.

Looks to me like they're bringing the currencies in the basket slowly to unity.

That would make sense to make it easier to introduce a single currency to replace them all.

I'd rather have real estate, silver & gold to exchange for the new paper vs having only the old paper to exchange for the new paper.

 

[NorthCarolinaLiberty]

...when can we call hyperinflationists liars, opportunists, scam artists an alarmists?

Some of those labels apply to you right now because of your presence on this board.

 

[Natural Citizen]

It'd be nice to see a reliable measure of consumption. Particularly American exports given the so called rise of the buck.

Where is Zip when you really need a good graph? Heh.

 

[PRB]

It'd be nice to see a reliable measure of consumption. Particularly American exports given the so called rise of the buck.

Where is Zip when you really need a good graph? Heh.

Why do you want context? Don't you know that ruins a good conspiracy theory?

 

[NorthCarolinaLiberty]

Why do you want context? Don't you know that ruins a good conspiracy theory?

Don't you know that conspiracies that are actually proven will ruin an anti-conspiracy theorist's cable TV show?

 

[Zippyjuan]

"Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse."

http://www.internationalman.com/articles/what-will-happen-to-you-when-the-dollar-collapses

Interest on the US debt for last year was $430 billion. http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

Tax revenues were over over $3 trillion. http://www.forbes.com/fdc/welcome_mjx.shtml By that measure, we still have a ways to go.

 

[Acala]

Interest on the US debt for last year was $430 billion. http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

Tax revenues were over over $3 trillion. http://www.forbes.com/fdc/welcome_mjx.shtml By that measure, we still have a ways to go.

True. But I see no indication of any trend moving in the opposite direction. So as of now, it is not a question of will we reach that point, but when.

 

[Acala]

Just for yucks, here is the CBO's projection of interest on the debt:


A return to historical interest rates rather quickly leads to tragedy.

 

[Carson]

"What Will Happen to You When the Dollar Collapses?"

This.

What we've all seen taking place for the last fifty years. Crash and burn.

 

[Danke]

Interest on the US debt for last year was $430 billion. http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

Tax revenues were over over $3 trillion. http://www.forbes.com/fdc/welcome_mjx.shtml By that measure, we still have a ways to go.

. And that 3 trillion number includes FICA tax.

And let's not forget Social Security, Medicaid and Medicare, etc. income from FICA, around one trillion. However, expenditures are around 1.7 trillion.

 

[TheTexan]

So... what you're saying is, if we are to spend all our money on hookers & coke, we should do it now?