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The USA After an Euro Collapse
12-15-2013, 04:13 AM #1
Wayne5 Member
Posts:660 Threads:61 Joined:Nov 2013
The US Dollar Rules The World, Again

The persistent strength of the US dollar is a source of puzzlement to many contrarian investors. This puzzlement is understandable as the United States is effectively a bankrupt nation in many ways, which can't even produce enough to support what it consumes, but instead relies on a massive trade deficit to bring in the goods that it needs. Ongoing current government deficits are currently running at the extraordinary level of about 10% of the national economy, and the situation will only be getting worse with tens of trillions of dollars of looming entitlement shortfalls. Making matters worse, the Federal Reserve has resorted to creating trillions of dollars out of thin air, in a blatant monetization of the kind which historically almost always ends badly.

All of the above notwithstanding – the dollar remains the world's reserve currency. The dollar thrived even in the midst of the adverse economic effects and the initial rounds of monetary creation in the financial crisis of 2008, and it wasn't even particularly damaged during the budget debacle in the summer of 2011 that could have potentially led to the US defaulting on its debts. Despite all of this the US dollar remains strong – because there is no substitute.

http://www.silverbearcafe.com/private/10...lapse.html

So every thing will get cheep and no one will have a job. damned.gif

Europe should have put the Euro on the Gold standard! gaah.gif
12-15-2013, 04:53 AM #2
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Quote:because there is no substitute.

There's a few that would like to be but they tend to get democratized when they try.

İmage
12-15-2013, 05:05 AM #3
Wayne5 Member
Posts:660 Threads:61 Joined:Nov 2013
That chart is 2009. It hasn't changed in 2010 2011 2012 2013.....Just think what America could have done with half that money and still out spent everyone else combined.

cheers.gif
12-15-2013, 05:33 AM #4
KILLUMINATI Made Ya Look!!
Posts:4,764 Threads:1,046 Joined:Jun 2012
(12-15-2013, 05:05 AM)Wayne5 Wrote:  That chart is 2009. It hasn't changed in 2010 2011 2012 2013.....Just think what America could have done with half that money and still out spent everyone else combined.

cheers.gif

Itz worthless though kinda like Zimbabwean currency
12-15-2013, 05:42 AM #5
Wayne5 Member
Posts:660 Threads:61 Joined:Nov 2013
less than half 300 billion a year for 5 years would buy a lot of bridges, roads, healthcare, it would have been worth a lot. coffeetime.gif
12-15-2013, 05:52 AM #6
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
And I thought buying silver at $4/ounce was a bad investment sad2.gif good thing I didn't coffeetime.gif
12-15-2013, 05:54 AM #7
KILLUMINATI Made Ya Look!!
Posts:4,764 Threads:1,046 Joined:Jun 2012
(12-15-2013, 05:52 AM)Shadow Wrote:  And I thought buying silver at $4/ounce was a bad investment sad2.gif good thing I didn't coffeetime.gif

Go with bitcoins
12-15-2013, 05:56 AM #8
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
(12-15-2013, 05:54 AM)CuckooKill Wrote:  Go with bitcoins

chuckle.gif I'm waiting for JPM's IPO for their dig cur.
12-15-2013, 05:58 AM #9
KILLUMINATI Made Ya Look!!
Posts:4,764 Threads:1,046 Joined:Jun 2012
(12-15-2013, 05:56 AM)Shadow Wrote:  
(12-15-2013, 05:54 AM)CuckooKill Wrote:  Go with bitcoins

chuckle.gif I'm waiting for JPM's IPO for their dig cur.

Digital currency is the future. It will fit right in with the one world government. Welcome to the NWO 13.gif
12-15-2013, 06:12 AM #10
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Bitcoin is the bait, they're after the nickels and dimes now the dollars have been squanderd.
12-15-2013, 06:20 AM #11
KILLUMINATI Made Ya Look!!
Posts:4,764 Threads:1,046 Joined:Jun 2012
(12-15-2013, 06:12 AM)Shadow Wrote:  Bitcoin is the bait, they're after the nickels and dimes now the dollars have been squanderd.

When Obama becomes president of the world we will all learn to love it chuckle.gif
12-15-2013, 08:12 AM #12
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,590 Threads:1,443 Joined:Feb 2011
chuckle.gif I don't really see that POTW in the cards.

wonder.gif



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