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.


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

[The Bat]

Well, if the Dollar collapses...then everybody the U.S. owes Money to(China), 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'....

[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

[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......