Be Prepared : The US Dollar Is Ready For A Collapse

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Be Prepared : The US Dollar is Ready for a Collapse May 09, 2009
The Coming of the Dollar Collapse



The Function Of All Currencies

The US Dollar, the Pound, the Ruble, etc are all simply I.O.U.s.

They Were Supposed To Be Backed By Some Collateral

All currencies need a commodity as collateral. It can be hogs, cattle, lumber, metals, etc. Gold is the standard because of the ability to be stored.


The Chinese Use The Dollar As Their Reserve Currency

China gave America $10 trillion in goods and got back $10 trillion in U.S. paper.

This is where the cookie will crumble....very soon !!!

The International Banker Sets The Exchange Rates

You may wonder, why after fifty years of destruction that the US dollar is still accepted? Well, it is because the 'International Bankers' set the exchange rates.

The Internal Collapse

The inflation has destroyed the dollar, what was worth a $1.00 in 1913, is now worth $.03. Just reverse it and you see that a house that cost $3,000 in 1913, now costs $100,000.

When will The Collapse Come

When international bankers decide to pull the plug, then we will eventually need to revert to the gold standard, or some form of commodity back currency.

And guess who owns the world's gold supplies.....?

britisharab
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May 10, 2009
Yo Propaganda boy, whats new?

This fact is happening since the 1980's onwards...its called inflation.
What you don't mention is the amount of gold the US has (not regularly audited) in fort Knox, plus the fact that is aint worth that much in relation to total world GDP considering its a hard to obtain resource, as well of the fact that GATA has been investigating the US gold suppression scheme and gaining evidence of it in recent years.

Whats new?

The whole worlds is full of crooks. Our friends in the States are no exception. They also feel hardship now so let them have it. The dream is over for some time.

IF China decides to pull back its foreign currency investment by selling US Treasury bonds and bills while massively selling the dollar currency, that would be devastating for the dollar, but also for China investments.

They basically can't sell or the world economic engine collapses. Ever heard of the Chimerica symbiotic relationship?

Google Niall Ferguson and read. Perhaps you start diving some deeper then the basic propaganda crap you always spread.

British Fooker
RobbyG
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May 10, 2009
Fort Knox Gold was long ago looted by the Federal Reserve.

Yes, Fort Knox does stock the very best types of designer condoms now.

China will DUMP the DOLLAR not because they are afraid to do so of being shot in the leg, but because the DOLLAR is DUMPING them.

Banksters know that the Dollar is a Dead Horse
britisharab
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May 19, 2009
didnt really happen did it
stefan
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Jun 25, 2009
You do realize you loser that if the Dollar dies, then all your gulf currencies are done.

you think that your beachfront villas are a little down in price, wait till (as you wish it) the dollar drops, then you just have a sandbox, that's all buddy.

Who's going to buy your oil, Africa? South America? Australia?

Dude you are so narrow in your thinking. The only reason you parents have a job in that sweatshop back home is because of Nike.
Guardasil
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Jun 25, 2009
Guardasil wrote:You do realize you loser that if the Dollar dies, then all your gulf currencies are done.

you think that your beachfront villas are a little down in price, wait till (as you wish it) the dollar drops, then you just have a sandbox, that's all buddy.

Who's going to buy your oil, Africa? South America? Australia?

Dude you are so narrow in your thinking. The only reason you parents have a job in that sweatshop back home is because of Nike.


:lol:

SLAPPP....in the face :wink:
RobbyG
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Jun 28, 2009
Guys, I have to admit - he's right. today 100 dollars in my hand collapsed -.....

...... onto the floor of the money exchange I was at.......
michaeldubai
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Jun 30, 2009
:D

Hahahahaha.
Guardasil
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making money Jul 03, 2009
thanks Ed for the uplifting comment. It is good to know that somehow I could be of help although the thread is way old.
heaths
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Jul 03, 2009
If the dollar is indeed on the verge of collapse, then how do we prepare for it?
Purchase Yen maybe? Wait if the dollar falls so does the yen.

Why not stock up on Gulf currencies? Then again should the dollar collapse, of what value will those currencies be?

Maybe we should buy the Pound Sterling. Yup the only currency against whom the Sterling is faring well is the Icelandic Krona. But with a population of 300,000 I doubt any of their women are available.
Besides who wants to hold a currency that one man alone can play around with? (read George Soros)

So we're left with the Euro.
In crisis times the euro area has not behaved as the regional anchor it should be. The euro area should have been more proactive to support largely euroized and eventual euro member countries in its neighborhood. Ironically, while most EU members outside the euro area have found the goal of euro adoption more attractive in light of the crisis, they have simultaneously been disappointed by the euro area leadership's short-sighted response, making euro entry more distant.

Hey British Arab you can always buy the Zimbabwe Dollar. At least it can't get much worse from here on.,
Misery Called Life
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Jul 04, 2009
Yen is not as closely pegged to the US dollar as the Gulf Currencies. That is the big problem with this arab, he thinks that by supporting arab only monetary policy and putting down US, he will come out on top, when in fact, he will get financially ruined way before any American does.

If I had to pick a currency here is what I would NOT choose:
-any GCC
-British Pound
-icelandic Krona

Maybe consider:
Canadian dollar
US dollar
Yen
Euro
Swiss Franc

Your thoughts?
Guardasil
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Jul 04, 2009
Well one of the better currencies this year thanks to fab interest rate policies by their central bank is the Norwegian Krone. Add to that it's also an oil exporting country. It's worth a thought.

Unless ur a trader of what use is the SF to individuals. I mean the SF is a low yield currency. Unless ur a multi millionaire tycoon with varied investments and seek stability, of what use is the SF? The only positive with the SF is that it's quite Liquid. As well as the fact that the Central Bank of Switzerland is not afraid to act unlike Europe and England. Although Switzerland does face significant deflationary woes.

Canadian Dollar? Why? Their economy is intrinsically to the US. And the loonie has shown correlation with the Dollar. The drop in volatility has been most notable for the Canadian dollar against the yen, and long Canadian dollar versus the yen is a very popular trade. But in terms of fundamentals.....Why Canada? Besides Canada's government bond has lost investors 1.5% this year.
What's excellent here is that their economy is good. Even though their largest trading partner USA has contracted significantly, Canada has not contracted much. Their exposure to this credit crisis was extremely limited.
Offcourse on a technical front, the loonie is one of the strongest currencies.
So in fundamentals if you support USA then the Canadian Dollar makes sense. Which is the stand I choose to take.

My take is simple, if GB or USA can either increase exports or somehow narrow down their trade deficit, then we have a winner. But initial indicators are a bit worrying for USA. As latest figures have shown that demand for US government is waning. So the onus is on the FED to attract investors.

Euro? Lets wait and watch. The ECB first needs to reduce their interest rates. Besides the state of their economies is quite bad with further pain expected.

I'm really no fan of baskets of currencies. Two currencies I really like right now are the USD and the Norwegian Krone. In a 75 : 25 proportion.
Misery Called Life
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Re: Be Prepared : The US Dollar is Ready for a Collapse Jul 08, 2009
britisharab wrote:The Coming of the Dollar Collapse



The Function Of All Currencies

The US Dollar, the Pound, the Ruble, etc are all simply I.O.U.s.

They Were Supposed To Be Backed By Some Collateral

All currencies need a commodity as collateral. It can be hogs, cattle, lumber, metals, etc. Gold is the standard because of the ability to be stored.


The Chinese Use The Dollar As Their Reserve Currency

China gave America $10 trillion in goods and got back $10 trillion in U.S. paper.

This is where the cookie will crumble....very soon !!!

The International Banker Sets The Exchange Rates

You may wonder, why after fifty years of destruction that the US dollar is still accepted? Well, it is because the 'International Bankers' set the exchange rates.

The Internal Collapse

The inflation has destroyed the dollar, what was worth a $1.00 in 1913, is now worth $.03. Just reverse it and you see that a house that cost $3,000 in 1913, now costs $100,000.

When will The Collapse Come

When international bankers decide to pull the plug, then we will eventually need to revert to the gold standard, or some form of commodity back currency.

And guess who owns the world's gold supplies.....?


Can you speculate when USD will collapse ? But this will help the countries which are in debt I think.
javedcn
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Jul 21, 2009
The USD would never collapse if it would remain a free market capitalistic system. Unfortunately, liberal socialists are borrowing and printing their way to ruin because they want to spend big bucks on social programs.

Work and support yourselves and depend on your hard work and God. Don't depend on the Government!
keyquest
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Jul 21, 2009
dollars, dollars dollars
mercadoparalelomusic
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Jul 21, 2009
mercadoparalelomusic wrote:dollars, dollars dollars


worthless in 5 to 10 years...
RobbyG
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Jul 23, 2009
A few takes

Gold stopped being the standard in 1943 after Bretton Woods, if I remember correctly.

The US is the reserve currency and that position may change, but it will take at least a decade. What it means is that everyone stores reserves in dollars. China recently parked $200 billion with 3 other currencies instead of the US dollar. About 7 years ago the Asia Development Bank mooted a proposal to store reserves in a special curreny. The IMF dominiated by the US shot the proposal.

Foreign exchange rates are not pegged to the dollar as claimed. The dollar or any other currency need not be backed by goods like sheep or ships.
vistasad
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