It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
I think 2012 is a very realistic date to predict the dollar will collapse. They cant hold it for longer... You cant just bail out billions wishing the dollar to gain power again. They just want to stretch it as faaaar as they can but im quit sure 2012 will be the date it will split.
Structural Adjustment Policies are economic policies which countries must follow in order to qualify for new World Bank and International Monetary Fund (IMF) loans and help them make debt repayments on the older debts owed to commercial banks, governments and the World Bank....
SAPs generally require countries to devalue their currencies against the dollar; [substitute "World Reserve Currency"] lift import and export restrictions; balance their budgets and not overspend; and remove price controls and state subsidies...
Balancing national budgets can be done by raising taxes, which the IMF frowns upon, or by cutting government spending, which it definitely recommends. As a result, SAPs often result in deep cuts in programmes like education, health and social care, and the removal of subsidies designed to control the price of basics such as food and milk. So SAPs hurt the poor most, because they depend heavily on these services and subsidies....
By devaluing the currency and simultaneously removing price controls, the immediate effect of a SAP is generally to hike prices up three or four times, increasing poverty to such an extent that riots are a frequent result...
www.whirledbank.org...
Originally posted by Cocasinpry
.
Yep, the US is just pretending it hasn't happened and is prolonging the inevitable truth but we're already seeing the affects. If for some reason people decided to invest and the market would see an increase in spending, employment and all that... it would only delay the the inevitable collapse for a decade or two. From my perspective, there's really no way out of this crisis for the US.
Originally posted by d00d557
I have been following many separate forums and it is painfully apparent that America is in steep decline. The only possible outcome in the event of a dollar collapse is martial law or complete anarchy. Most likely both of these scenarios simultaneously. My question to you guys is, how long do you REALLY think it will be until SHTF? I haven't had time to prepare (jobless) and as much as i'd like to maintain a good attitude about the situation the old boy scout saying rings true. "Be prepared." I need at least a year it seems to gather provisions and weapons for the inevitable. So what are we saying here guys? Two years? Three years? I would place my money on three-five, but that may be wishful thinking.
People are not investing with good reasons, everyone is cashing in their dollars for gold and most smart people knows that we're on a path of no return.
Originally posted by samkent
People are not investing with good reasons, everyone is cashing in their dollars for gold and most smart people knows that we're on a path of no return.
Totally baseless. Your view of the financial world is so far askew it’s dangerous. Very few are cashing in their dollars.
Just look at the tv ads “Bring us your gold for immediate cash!”
The only ones cashing in for gold are those with the “survivalists” beliefs. And those are people who are not equipped to function in today’s society. And those who are “not investing for good reasons” are losing out on profits in the markets.
Originally posted by Eavel
Sorry you feel survival is a instinct not fit for todays society. I dont have to look too far in the past to see empires such as germany, russia, china pushing sheeple into a fascist environment and controlling them through gustapo type policies... why? beause they had nothing.
Best thing right now "be prepared for the worst, hope for the best" I say 2 years max, likely sooner.