When will the dollar collapse?

how much longer will it be before this happens? it is going to happen and there is little doubt in my mind over that, we as a country and consumers have lost complete control of our spending. when this does happen i suppose my mortgage payment will be like having to pay a million dollars a month, links like this make me wonder www.guardian.co.uk...
I really like the part where bush plans to cut the debt in half in five years, in my opinion, we will be lucky to be a country in five years...sigh...jeez I'm so negative, maybe I need to go flip on mtv or watch some sports or something, I don't know.

Watch Fox News it will cheer you up, or the simple life at 9:00 pm or any other mind numbing program. You're right on about the dollar I have been trying to warn people about it since I joined this site, but hey the dollar falling to nothing well that's a good thing!! Just ask any Fox News anchor.
When the dollar first started to drop I thought it was a ploy to get some manufacturing base built back up again for Bush s war machine. But it really hasn�t worked well since durable goods are still down so are our exports which doesn�t make any sense. The dollar keeps on falling still no real pick up in manufacturing. Maybe if the Asian slave labor countries are forced to un peg their currencies it would help. But either way we are screwed.

Does Bush exactly have a plan to cut the debt in 5 years or is he telling another of his lies and has no idea what to do?

I feel that the dollar will lose "some" value, depending how much other currencies, mainly the Euro top out at.

However the overall strength that the Dollar has around the world will still remain.

If the Dollar collapses, so will many other currencies that depend on the US.

Maybe it will, but then we'll be screwed.

also, why does DiRtYDeViL have Dreamz old avvie? Just a question...

The Euro is rising to such peaks that the German's and others are thinking of saving money and buying/importing cars, luxuries, products, etc. from the US instead of buying within the confines of Europe.

Germany and France are experiencing major economic issues and the rising Euro seems to not be helping their colective causes...I wonder why?
THey have cut unemployment benefits, medical healthcare programs, etc.....

The Euro is going to be forced into a "reality check" real soon.



regards
seekerof

[Edited on 8-1-2004 by Seekerof]

i'd guess the decline will be gradual

as all the world sets up financial markets with EURO, Russian & Chinese & the Gold Dinar ...as a substitute for USD

i kinda expect the world float of 'greenbacks' will soon hit the skids....that 40 billion that saddam stashed, then the multi millions paid out for former Iraqi most-wanteds...
the payrolls of rebuilding Iraq infrastructure, and payola for the mock-armies the USA allows Iraq to maintain....
....its all bound to collapse just like the WTC towers did

the astute 'foreigners' aren't buying Manhatten Office Space....are they?
my guess the hedge funds & derivatives--overplayed by major US banks..will skid outta control
check out Martin Weiss Ph D....Weiss Research Inc...www.

Why do you think the Fed is creating the Domestic (funny colors) Dollars??
Their computer runs determined that a Dual Money System, was the best strategy...considering the Billions of counterfits created by (our adversaries)...etc etc

keep your chin up !-> EOM

didn't i hear something about warren buffet pulling his investments in the dollar out a couple of months ago and investing in the euro? if so, that should be a warning, that guy didn't make his money by being stupid, but what do i know, i don't have any idea how he got his money. ok i'm going to go numb myself on fox, i think they just said something about michael jackson.

Gold is the way to go. I am not talking stocks. I mean the solid gold metal in your hand. Currency is only paper and has been for some time now.

Originally posted by groingrinder
Gold is the way to go. I am not talking stocks. I mean the solid gold metal in your hand. Currency is only paper and has been for some time now.

One day soon, when the market collapses, you will no longer be allowed to own gold. They are already tracking the buying of it.

Our economy hinges on the issue of Peak Oil. We could have 5 more years, or we could have twenty more years. Depends on when production peaks. Some say it peaked in 2000. Some say it will peak in 2020. Watch the trends: food, healthcare and oil prices have been rising steadily since 2000. It's a good indicator.

Watch Saudi Arabia. Al Qaeda is supposedly threatening to bring down the Royal family. Richard Perle would be so happy, in light of his recent statements regarding them. The US might just attack Saudi next in an attempt to keep them from switching their oil currency to the Euro. (That was a huge part of why we invaded and are occupying Iraq. Saddam switched in 2000, also.) Due to our unsustainable national debt, the moment OPEC goes with the Euro, the US economy will collapse. There is no disputing that. Imagine writing 1 trillion checks and they all clear on the same day. But you don't have the money to cover it.... That is what is happening on the large scale. The interest we earn of currency trading (in dollars) pays what's due immediately. Take that money/payment off the table, and we are fOkked! No more money, no more oil, no more mass transit, no more food.. etc. etc. ad nauseum. You get the picture. It's not that far off, though.

One day very soon we will meet China and Russia in the sands of the middle east. The battle will be fought over the world's only remaining resources. That will be Armageddon.

So if the dollar collapses, what will become of my student loans? Most Americans are in debt for something, mostly credit cards, will their debt be "erased"?

I believe that when that happens, those who owe will be forced into labor camps. Or something to that effect. It will not be forgotten. Have you ever seen or heard of all the detention centers they're building all over the US? No one is in them yet, the barbed-wire around the top of the fences stick inward and they are fully guarded.

After the collapse, we will move into what they call a Cashless society. Micro-chips, etc.

My main goal in life is to pay off every penny I owe as soon as I can. And my family, too. That might not even save anyone. It looks pretty ominous.

Too bad they dont send debtors to Australia like they did back in the day. I'd be outa here in no time if it were til like that.

Personal debt is at a record all-time high. I'd say at least 90% of Americans would be rounded up.

Originally posted by EastCoastKid
I believe that when that happens, those who owe will be forced into labor camps. Or something to that effect. It will not be forgotten. Have you ever seen or heard of all the detention centers they're building all over the US?

Everyone's in debut. I�m worried those camps are for people like us that speak out against the Bush administration. They may never be used thanks to the advances in micro biology and genetics. We might not ever see a war after they start releasing virus that only seems to affect people with dark eyes and dark skin.

[Edited on 9-1-2004 by DiRtYDeViL]

Oh, they'll definitely be rounding up any and all dissidents. Anyone they feel is a threat to their rule.

In these camps, it's been reported that there are railroad tracks going in and smoke stacks, said to likely be for incinerators. Could they be cramatoriums? It's pretty freaky shyte.

Who knows what the hell they are you can't get any answers from FEMA. Reagan�s records are sealing thanks to Bush. Clinton won�t say anything hell he�s in on it. We won�t know about it until its happening. Also the reports about train cabs with hand cuffs and leg cuffs in them doesn�t help the situation much. There is a lot of people that confirm they helped build them but they didn�t know what they where for or who they where for. It could be all hysteria, least I hope but hoping never got anybody anywhere but hauled off to Auschwitz.

It sounds pretty frokin crazy, though, eh? It's like Nazi Germany all over again.

Not to crazy when you figure where a lot of those Nazi 's went after world war II

i'm pretty sure i will be leading the way into the camps, i thought all the camp stuff was b.s. until the abandoned military base about 75 miles from me got a new runway railroad tracks and a nice new fence, odd thing is, there is no current activity there, just alot of new stuff that is waiting for something.