hironegro wrote:How many claims have you guys been wrong about so far?
davep wrote:hironegro wrote:How many claims have you guys been wrong about so far?
Who are 'you guys'?
I think MrBill would have a thing or two to say about one way bets like that. I would spread out what I have so it's more of a hedge and less of a risk, w/ fewer rewards too, but that's just me.davep wrote:The urgency of the situation has gone up by an order of magnitude since this thread was first started. I think it is imminent (over the next 1-4 years). Hence my buying crude option calls for Dec 2013 (at 150 dollars). This devaluation of the dollar and reducing output should ensure that 150 dollars a barrel in five years time will seem cheap.
I'll either make a fortune from leverage as the dollar plummets or I'll lose a few grand. It's a risk worth taking.
Professor Membrane wrote: Not now son, I'm making ... TOAST!
shortonoil wrote:Sounds like you believe that fairy tale that the WTC fell down because a couple of mad arabs hit it with airplanes! America my home, land of the delusional thinker.
davep wrote:The urgency of the situation has gone up by an order of magnitude since this thread was first started. I think it is imminent (over the next 1-4 years). Hence my buying crude option calls for Dec 2013 (at 150 dollars). This devaluation of the dollar and reducing output should ensure that 150 dollars a barrel in five years time will seem cheap.
davep wrote:I'll either make a fortune from leverage as the dollar plummets or I'll lose a few grand. It's a risk worth taking.
shortonoil wrote:When the debt ceiling can no longer be raised the dollar is dead!
shortonoil wrote: Between the Intelligence Agencies trying to take over, bipartisan gridlock, media versus the Administrative Branch; and all the rest of rotten stew that feeds DC, Washington is now all but paralyzed!
shortonoil wrote:We are on autopilot and no one is at the helm.
shortonoil wrote:When the debt ceiling can no longer be raised the dollar is dead! Between the Intelligence Agencies trying to take over, bipartisan gridlock, media versus the Administrative Branch; and all the rest of rotten stew that feeds DC, Washington is now all but paralyzed! We are on autopilot and no one is at the helm. The federal government is now a blind leviathan staggering toward the nearest abyss. When it finally goes over it will take all those FRNs with it. Texas Freedom Dollars might be a good investment?
onlooker wrote:"The dollars' decline is inevitable but a sudden collapse is indeed undesirable!
However, its speed of decline could be more accelerated than some believe because of the very instrument the US had used to anchor the dollar as a reserved currency, namely OPEC!
With most of Saudi's oil being bought by China and little by an internally energy sufficient US, the Saudis could change to accepting Yuan instead of the dollar! The other Gulf states, to capture part of China's increasing larger volume of energy purchases would follow suit.
Russia, soon the largest gas and oil supplier to China has already done!
This would diminish the US dollar quickly although it may or may not cause it's collapse!
The latter depends on whether China engages in mutual sanctions with a US initiated one!
Without cheap and good Chinese consumer products, US inflation would jump hundreds of per cent. It could rapidly lead to the collapse of not only the US dollar but the US economy itself.
To China, the US trade is big but getting less significant!"
pstarr wrote:Outcast_Searcher wrote:shortonoil wrote:When the debt ceiling can no longer be raised the dollar is dead! Between the Intelligence Agencies trying to take over, bipartisan gridlock, media versus the Administrative Branch; and all the rest of rotten stew that feeds DC, Washington is now all but paralyzed! We are on autopilot and no one is at the helm. The federal government is now a blind leviathan staggering toward the nearest abyss. When it finally goes over it will take all those FRNs with it. Texas Freedom Dollars might be a good investment?
So will the same folks that "caused 911" be the ones to cause the US dollar to fail, real soon now?
In the context of such delusions, your ETP cheerleading makes a lot more sense.
Tanada strictly forbade inclusion of ETP into diverse discussions. ETP is an intellectual infection that must be wiped out Same with 911
You need to work on some other fable for collapse, like pumping the various ETP threads. (No more valid, but you get to use big words like "thermodynamics".)
However, its speed of decline could be more accelerated than some believe because of the very instrument the US had used to anchor the dollar as a reserved currency, namely OPEC!
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