Dollar collapse imminent?

[BOTZWANA]

I have been reading reports about this and it scares the bejeesus out of me. What do you guys think? I was thinking of spending my dollars on canned food or something like that....I would hate to lose them all.

[Hector]

I'd rather have dollars than pesos...that's for damn bloody sure.

[kingdom warrior]

Dere's Gooooooooooooooold In Dem Dar Hillzzzzzzzz!!!!!!

[MegoSteve]

The only people that are crowing about the dollar are the ones that are making dollars getting everyone whipped up about it. The ones selling gold coins as investments and ridiculously overpriced "food insurance" are pushing these conspiracies so they can make a profit or push a political agenda.

It's like Y2K panic all over again.

[kennermike]

wont happen! the dollar being so low is all about Politics which I cant stand to talk about In The Contratry its going to bounce back this aint the 1930's

[Brad]

The only people that are crowing about the dollar are the ones that are making dollars getting everyone whipped up about it. The ones selling gold coins as investments and ridiculously overpriced "food insurance" are pushing these conspiracies so they can make a profit or push a political agenda.

It's like Y2K panic all over again.

Well said! I agree with you and one of my pet peeves has always been the "doom and gloomers!"


It's always something new that NEVER happens! Y2K is a perfect example. Now it's all the "in 2012 the world will end" nonsense.
:no:

As Flavor Flav once said, "don't believe the hype!"
:wink_y:

[The Bat]

Well, if the Dollar collapses...then everybody the U.S. owes Money to(China:wink:), will sure get the Shaft. For this reason alone...other Countries will not want to abandon the Dollar.

[wolfie]

I know the exchange rate between us and the usa is getting better for us every day, i don't know if this is pertinant to what you are discussing.

[garagesale]

A million different possibilities if the $ does collapse. One thing about it, if the dollar becomes less valuable, that means everything we produce becomes cheaper. With that in mind, some good can come of it.

JamesD

[Mr.Krusher]

I'm still waiting for Federation Credits to be the sole 'currency'.... :smoke:

[Meule]

I know the exchange rate between us and the usa is getting better for us every day, i don't know if this is pertinant to what you are discussing.

Cheap(er) Megos for us :grin:

[ctc]

Hmmmm....

It’s a tricky question since there are so many variables.

....and yeah; them guys hawkin’ gold make me laugh. If society DOES collapse we’ll go back to barter. Gold will be as worthless as currency ‘cos there won’t be a unified measure of exchange. Although.... you could bean someone with gold. It’s pretty heavy. Of course, you can wipe with paper....

But anyhoo.... COULD the US dollar collapse? Sure. Is it LIKELY to happen? Not so much. ‘Course you have to define “collapse.” Will it become completely worthless? Not unless the world economy goes under. It’s too deeply rooted, even if it ceased as the universal unit of exchange. (Although that would be a serious blow.) So.... could the world economy collapse? Sure. We’ve come close a few times, but again; the odds are pretty low and you’d have to define what you mean by “collapse” first. When you think about it, the last time we saw something akin to the end of empire (which is what I suspect most folks picture when they think of the collapse of the dollar) was Britain. At one time they ran the world. Now, not so much. They’re still important, but nothing like the era of expansion. And yet, they haven’t disintegrated into a Max Max landscape of deserts, famine and spikey shoulder pads. So even a collapse doesn’t end in complete disaster.

....unless you listen to them guys with the gold. But I think Iron Maiden summed that up best:

Another Prophet of Disaster
Who says the ship is lost,
Another Prophet of Disaster
Leaving you to count the cost.
Taunting us with Visions,
Afflicting us with fear,
Predicting War for millions,
In the hope that one appears.

No point asking when it is,
No point asking who's to go,
No point asking what's the game,
No point asking who's to blame,

If you're gonna die, die with your boots on,
If you're gonna try, well stick around,
Gonna cry, just move along,
If you're gonna die, you're gonna die.

>the dollar being so low is all about Politics

Well.... not really. It has to do with GNP/GDP/projected GNP/trade rates/trade levels/manufacturing levels/projected trade amounts/and a bunch of other factors. Money is a funny thing; it’s inherent worth isn’t based on anything tangible. (As it was with the gold standard. More or less.) It’s based more on movement and relative position. So no matter how far the global economy might deteriorate the system still runs ‘cos currencies still hold some sort of relative value. Hence why I’d say an actual collapse is so unlikely. SOMEBODY will win.

Even with our last disaster, there were folks who MADE money, hand over fist. Mostly by betting against the system, but they still won.

>I'm still waiting for Federation Credits to be the sole 'currency'

HAW! ‘Course there are plenty of folks AFRAID of that.... and if they hear you they might think you work for the NWO....

Don C.

[TrueDave]

I'll never understand why people WANT to live in fear.
Trying not to judge but it really is a USA thing.
RIGHT NOW something I dont know might be trying to kill me!!! SOMETHING in my house!!! I CANT wait till the 11 oclock news to find out what it is! I might be dead already !!!
It wasnt untill whats his name in Hitchhikers Guide realized the end of Earth meant no more Big Macs that he freaked.
If we wake up to a post apoloiptic world tommorow , TRU will NEVER get the next Retro wave!!!! PANIC!

( just watched Book of Eli: we need to stock up on Chapstick, shampoo and Wet Wipes, the new currency)

[DARTHTYRANUS]

The Americain Dollar can not collapse this was evident in the early 70 as well at one point it wass round mid 70 (cents) i recall coming to the states with mom and our dollar was higher ,i think which may happen is a large correction across the us based monetary system theyll remove those non gov types from your reserve that control your monetary
system then restructure the debt load then for a couple of years things will be bad for you and us (canadians) but the country will reassert its self as the sole dominant monetary structure in the world remeber other countries always used the americain system to base theu=ir finacial structures on and tweeked it to their advantage never give up on the americain dream folks its not time for this empire to fall and also your gold reserve is huge (PART 1)

[DARTHTYRANUS]

PART 2
So i say to those around the world that are always biting at the bit for some thing to happen to this great country THE USA to this i say BITE ME!!! Remember when ever theirs has been a disaster who has been their first THE USA ,when ever people need protection FROM OPPRESSORS whos been their first THE USA sure theirs stuff people in other countries say have been ochestrated by the
US for their own advantage but every country in the WORLD are guilty of the same things as well SO MY FRIENDS KEEP YOUR HEADS UP HIGH THINGS WILL BE TOUGH BUT YOUR GREAT COUNTRY HAS OVER COME WORSE only a humble ramblin from a supporter of my brothers and sisters next door . I sleep great at night knowing youll be their......

[Meule]

PART 2
So i say to those around the world that are always biting at the bit for some thing to happen to this great country THE USA to this i say BITE ME!!! Remember when ever theirs has been a disaster who has been their first THE USA ,when ever people need protection FROM OPPRESSORS whos been their first THE USA sure theirs stuff people in other countries say have been ochestrated by the
US for their own advantage but every country in the WORLD are guilty of the same things as well SO MY FRIENDS KEEP YOUR HEADS UP HIGH THINGS WILL BE TOUGH BUT YOUR GREAT COUNTRY HAS OVER COME WORSE only a humble ramblin from a supporter of my brothers and sisters next door . I sleep great at night knowing youll be their......

Easy there. No offence, but we - the rest of the world that is - don't owe you jack ****. I'm sorry to come on so strong, but that kinda language is dangerous. Sure, you helped us out in WW2, but you sure weren't here the first. :no:
And I'm gonna keep it at that before this thread turns political. I applaude your patriotism, but the USA isn't better than the rest of the world, so please don't make it out that way. Cause frankly, that really does upset and bother me

[Mikey]

Personally, I think the US could save some money by reducing it's empire.

First off ... we really don't need miltary bases in almost every country of the world anymore

[DARTHTYRANUS]

My apologies meule i meant no offense i just get riled up about the states getting the bum end and im not even americain im canadian its just i feel that the states has done a lot of good in a small amount of time for a lot different countries again sorry if i came out too strong..

[jwyblejr]

Maybe everybody should go back to using salt as money.

[Meule]

My apologies meule i meant no offense i just get riled up about the states getting the bum end and im not even americain im canadian its just i feel that the states has done a lot of good in a small amount of time for a lot different countries again sorry if i came out too strong..

That's OK, I know you meant well. Guess I'm a little too sensitive

[Werewolf]

So i say to those around the world that are always biting at the bit for some thing to happen to this great country THE USA to this i say BITE ME!!!

And we yanks love Canada right back. :heart:

[johnmiic]

The point to the US Dollar being cheaper is as more dollars are in the market, it would drive to cost of our exports down to the rest of the world. We should be able to sell more of our products to everyone. Hopefully, it does help and the economy will continue to improve.

[Brad]

Many of our eBay customers are in England and I remember a 2-1 ratio vs the pound a few years back. That was as low as I can remember the dollar dropping but until we started selling I never paid much attention to it. Since then it seems to be hovering around $1.50ish per pound. We can always tell when the dollar falls vs other countries tender by our sales. For awhile we were getting a lot of Japanese buyers who are some of the nicest people I have ever dealt with.
:smile:

[Random Axe]

Anyone who doesn't think this can happen need only talk to anyone living in England in the late70's. Britain was the world economic standard for 200 plus years. Once the pound was de-valued, they were rationing electricity and had a three-day work week to conserve power.

I don't know to what extent this would happen to the US dollar, but it's already lost 11 percent of it's value in the last half of 2010. I doubt it's something to sit around and be fearful of, but I think it's close enough to a reality to just be aware of it's possibility.

[The Bat]

Ooh...I could have some FUN here...but I'm gonna be a good Boy for a change.:grin:

[Random Axe]

Ooh...I could have some FUN here...but I'm gonna be a good Boy for a change.:grin:


I know you want to take a trip down the "O" road, but this journey started a long, long time ago. Remain strong, Dane. :wink_y:

[babycyclops]

And yet, they haven’t disintegrated into a Max Max landscape of deserts, famine and spikey shoulder pads. So even a collapse doesn’t end in complete disaster.


I'm not looking forward to having to wear the arse-less chaps that will be almost standard in the Mad Max future world.

[SlipperyLilSuckers]

^ Oh too funny :smiley1:

[Mikey]

Maybe the US will turn into Beyond Thunderdome with Tina Turner :smiley1:

[babycyclops]

Maybe the US will turn into Beyond Thunderdome with Tina Turner :smiley1:

Mad Max 2 world, I could live with.
Mad Max 3 world.... never:no:

[boynightwing]

I only deal in Gold Pressed Latinum.

[torgospizza]

I think if things are left alone they'll always work themselves out. You know, kind of a "water seeks it's own level" sort of thing. However, I've read about Russia and China attempting to undermine the dollar. I think even if (f.ex.) OPEC nations decided to only take euros, the States would be fine. Things would be more expensive, but it wouldn't end society.

[Mikey]

The USA should just completely turn bad

Invade a whole bunch of countries and take their treasures

We could be like Spaceballs for real :)

[cjefferys]

I work in the US and live in Canada. I remember around six years ago I would take my US dollar paycheque to my Canadian bank and get 50% more money with the exchange rate. Now instead I lose a bit of money with each cheque. I really miss the old days. Come on US dollar, get well again soon! :)

[johnmiic]

Terrorists have been counterfiting US money for quite some time. That's why changed the way our money looks-and why they keep changing it. The watermarks, special holograms, hidden stripes, are all an effort to keep fake currency beyond terrorists reach and prevent them from compromising our money.

[Meule]

Terrorists have been counterfiting US money for quite some time. That's why changed the way our money looks-and why they keep changing it. The watermarks, special holograms, hidden stripes, are all an effort to keep fake currency beyond terrorists reach and prevent them from compromising our money.

How long has it been since the dollar bills changed looks? Before the euro, when we still had Belgian franks, every couple of years they would release completely new bills and coins with different "art" on them and slowly remove the old ones. That would help against counterfeiting as well

[ctc]

>Terrorists have been counterfiting US money for quite some time.

Lots of folks do. I believe the instigators of the last big round were of the "18 year old with a really good printer" variety.

>I think if things are left alone they'll always work themselves out.

Well.... they WILL; but it might be in the way a sucking chest wound sorts itself out if left untended....

Don C.

[hedrap]

The Fed Govt started changing the look of the bills around '04, IIRC, because of the North Koreans. A flood of counterfeit hundreds, into the millions, were found in Italy and traced back to NKDP. They're the world's largest forgers because they have no currency value.

[Cmonster]

I'm not exactly sure that if the dollar did collapse, it would turn the country into "Mad Max", but I would be fine with that. I live by the ocean, where pretty much an endless food supply exists. I have spearguns, bows and arrows, etc... I even have a crossbow in the rafters of the garage somewhere. :wink_y: I also have plenty of leather, SM gear and sports equipment to make one hell of a "Mad Maxian" wardrobe for me and my chick!!! :licklips:

SC

[DARTHTYRANUS]

This is not a political statement but if the CHINESE currencey was to make a proper currection and adjust it self to real world trading funds i think then every one would be in trouble cause once the chinese dollar allows for proper inflation against its own and woorld inflation corrections ann ually then things would get bad , i think one analyst was saying if all of a sudden that $1.00 widget from the orient now cost say $5.00 wed be scrambling to get it cheaper and again iys a big circle we want cheap some ones gonna supply it cause their work force practically woorks on minimal to no wages , but heres the crook if we started re manufacturing we would re correct our economies sure things would suck for a while but things would balanace out remeber north america and alot of european countries are self sustainable its just corporate world wants to make as much profit with out the over head

[Adam West]

I have heard all of the talk and do think there needs to be some belt tightening by our elected officials. With that said, the U.S. dollar is so glued to the world economy that a major crisis to the dollar would cause a global meltdown and not just affect the U.S. We are still the world's biggest consumers of products and services. If the dollar collapses, we stop buying, and in turn other currencies will fall in tandem.